Increasing application of compressors, and hence, compressor oil in the manufacturing sector is estimated to stimulate market demand.

Market Size – USD 10.02 billion in 2018, Market Growth - CAGR of 4.9%, Market Trends – Increasing demand for bio-based products

The global Compressor Oil Market is expected to reach USD 14.74 Billion by 2026, according to a new report by Reports and Data. Compressor Oil is a kind of lubricant that provides a long service life in most compressor applications. The thermal stability and oxidation resistance of this oil aids in maintaining cleaner compressors, thus permitting more extended running periods between scheduled maintenance and oil changes.

The increasing application of compressors, and hence, compressor oil in the manufacturing sector is estimated to stimulate market demand in the forecast period. The rapid growth of industrialization and positive economic trends across the globe, especially in the Asia Pacific region will escalate the manufacturing activities in the upcoming years. Currently, China leads the global manufacturing output owing to supportive government policies, foreign investments and easy availability of cheap labor.

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To gain a deeper understanding of the Compressor Oil market, the report further provides an exhaustive analysis of the competitive landscape, including profiling of the competitors, revenue, % revenue market share, and technological and product advancements. The report also explores the new entrants, strategic alliances and collaborations, mergers, acquisitions, partnerships, agreements, and deals of the established companies. The report also sheds light on the government policies and their amendments related to the Compressor Oil market.

Key Manufacturers of the Compressor Oil Market Studied in the Report are:

  • Royal Dutch Shell PLC,
  • ExxonMobil PLC,
  • British Petroleum PLC,
  • Chevron Corporation,
  • BASF SE,
  • Sasol Limited,
  • Croda International PLC,
  • The Dow Chemical Co.,
  • Total SA,
  • and Sinopec Corp.,
  • among others.

Furthermore, the report focuses on the segmentation of the global Compressor Oil market based on types and applications.

Compressor Oil Market Segmentation based on Product Types:

  • Positive Displacement Type
    • Reciprocating Type
    • Rotary Screw Type
    • Others
  • Roto-Dynamic Type
    • Radial Flow Type
    • Axial Flow Type

Compressor Oil Market Segmentation based on Base Oil Type:

  • Synthetic Oil
  • Mineral Oil
  • Bio-Based Oil

Regional Analysis of the Compressor Oil Market Includes:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Further key findings from the report suggest:

  • By compressor type, positive displacement types held a substantial share of the market in 2018. In positive displacement type compressors, compression is done by trapping a refrigerant vapor into a sealed-off space and then reducing its volume. Positive displacement pump modifies the geometrical volume of fluid at different stages, regardless of intake temperature and pressure. As a result, the performance of a centrifugal pump is dependent on input and output characteristics.
  • By base oil type, bio-based oil is forecasted to grow at the fastest growth rate in the forecast period owing to the superior performance offered by green lubricants. Biodegradable lubricants are found to provide better lubricity.
  • The Asia Pacific region dominated the market in 2018 and is projected to grow at a rate of 5.3% in the forecast period. The dominance of the Asia Pacific region may be attributed to the rising demand for compressor oil from automotive, oil & gas, construction, and petrochemical industries. The industries in the region are found to expand their production facility and hence require enough manufacturing equipment to cater to the end-user demand, thereby increasing the market demand.

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The report also covers a thorough SWOT analysis and Porter’s Five Forces analysis to provide a better understanding of the growth curve of the key competitors of the market. It also covers feasibility analysis and investment return analysis to ascertain the stakeholders and investors gain maximum returns on their investments. In conclusion, the global Compressor Oil report is a qualitative and quantitative research document that offers vital insights into the Compressor Oil market that help businesses and investors gain a competitive edge over the other competitors.

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