Global Turbine Oil Market: What to Watch Out for in Coming Future

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Global Worldwide Turbine Oil Market
Published on - 06 January, 2015 Number of pages
180 Single User Price 5250
Turbine Oil is a high quality mineral oil with
has an excellent capacity of water separation. It
is mainly used in Power plants, gas turbine
lubrication, excavators and forklifts due to
properties like high corrosion and oxidation
inhibition and foam suppression. The global
turbine oil market is expected to grow to over
12 before the end of this decade
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Report Highlights From a global perspective,
total turbine oils demand is expected to be about
41.8 million metric tons, or about 13 million
gallons. The growth is expected to be about 2.5
per year through 2014. The turbine oils market is
fairly consolidated with top four participants
accounting for 67 of the market in 2014. Key
market participants include UBL, Total S.A,
Exxon Mobil, BP, Shell Chevron among others.
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Almost every lubricant has started off as just a
base oil. They are usually categorized into
groups. Group I to III are refined from petroleum
crude oil, group IV base oils are fully synthetic
oils. Group V is for all the other base oils not
included in Groups I-IV. Global turbine oils
encompass a large group of emollients that serve
a lot of industrial and residential purposes.
They are classified to various other segments,
each type has unique property, specifications,
requirements and is intended for a special use.
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Global Worldwide Turbine Oil Market
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
Turbine Oil Market By Type (Paraffinic,
Naphthenic, Aromatic, Motor, Hydraulic,
Automotive, Others) Application (Gear,
Turbochargers, Marine Engines, Refrigeration
systems, Hydraulic systems, Power Generation,
Others) By Geography-Forecast(2015-2020) and
future opportunities are provided in the report.
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