Global Offshore Lubricants Market: Bio-Based Offshore Lubricants to Emerge as Trend, Says TMR
The global offshore lubricants market is characterized by high degree of competition by integrated MNCs. The top four companies in the industry accounted for 45% of the market in 2014. These four companies are ExxonMobil Corp., Royal Dutch Shell, Chevron, and Castrol. Competition is intensifying on account of the presence of major oil and gas companies across the value chain. Key players are participating in expansion strategies to maintain their position in the market, states a new report by Transparency...
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