Global Offshore Lubricants Market to Be Propelled by Increasing Drilling and Oil Exploration Activities During 2014-2020: Transparency Market Research
Over the next few years, the global offshore lubricants market is expected to exhibit a substantial rate of growth owing to greater gas and oil production and exploration projects and related activities. In 2013, the global offshore lubricants market was valued at US$110.86 million and by 2020 it is anticipated to report a value of US$183.50 million, growing at a 7.07% CAGR between 2014 and 2020. Lubricants are used as coolants and to reduce friction in order to reduce the...
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