Market Insights
The global compressor oil market is expected to grow from US$ 9.43 billion in 2022 to US$ 12.83 billion by 2028 at a healthy CAGR of 5.26% during the forecast period of 2023-2028.
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Compressor oils are fluids that help maintain cleaner compressors. The oil is designed to provide long service life to the compressors. The oil is made in three types, oil-based synthetic oil, mineral oil, semi-synthetic oil, and bio-based oil.
The global compressor oil market is driven by several factors, including:
- Increasing demand from the manufacturing sector: The manufacturing sector is the largest end-user of compressors, and therefore, the largest consumer of compressor oil. The growth of the manufacturing sector in emerging economies is driving the demand for compressor oil.
- Rising demand for energy-efficient compressors: Energy-efficient compressors require high-quality lubricants to maintain their efficiency. This is driving the demand for synthetic and semi-synthetic compressor oils, which offer better performance and longer drain intervals than mineral oils.
- Stringent environmental regulations: Environmental regulations are becoming more stringent, and this is driving the demand for environmentally friendly compressor oils. Bio-based compressor oils are gaining popularity as they are less toxic and biodegradable.
- Growing adoption of automation: Automation is being increasingly adopted in various industries, and this is leading to the increased use of compressors. This is also driving the demand for compressor oil.
Segments Analysis
Compressor Trends
"The dynamic compressor segment accounted for the largest market share."
Based on the compressor type, the market is segmented into dynamic compressors and positive displacement compressors. The dynamic compressor segment held the larger share of the market in 2022 and is expected to remain dominant during the forecast period. Dynamic compressors convey a huge volume of air by quickening it to high speed with the assistance of rotating blades and limiting the air to decelerate under extension to increase pressure.
Base Oil Trends
"The synthetic oil segment accounted for the largest market share."
Based on the base oil type, the market is segmented as synthetic oil, mineral oil, semi-synthetic oil, and bio-based oil. The synthetic oil segment leads the market owing to its excellent properties such as chemical resistance, better viscosity index, higher shear stability, and higher performance in extreme conditions.
End-User Industry Trends
"The general manufacturing segment accounted for the largest market share."
Based on the end-user industry type, the market is segmented as general manufacturing, construction, oil and gas, mining, chemical and petrochemical, power generation, and others. The general manufacturing segment is expected to remain dominant, whereas chemical and petrochemicals are likely to be the fastest-growing market during the forecast period.
Regional Insights
"Asia-Pacific accounted for the largest market share."
Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is owing to increasing investment in infrastructure development and continuously growing manufacturing and construction sectors in developing countries.

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Key Players
Some of the major players in the global market are:
- British Petroleum (BP) PLC
- Chevron Corporation
- ExxonMobil Corporation
- Fuchs Group
- Idemitsu Kosan Co. Ltd.
- Indian Oil Corporation Ltd.
- Lukoil
- Royal Dutch Shell PLC
- Sinopec Limited
- Total SA
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What Deliverables Will You Get in This Report?
Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth analysis of the compressor oil market.
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How lucrative is the future?
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The market forecast and trend data and emerging trends.
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts.
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Which are the most attractive market segments?
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Market Segment Analysis and Forecast.
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What are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis.
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, and Life cycle analysis.
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What are the factors affecting the market?
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Drivers & challenges.
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Will I get the information on my specific requirements?
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10% free customization.
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This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories:
By Compressor Type
- Dynamic Compressor
- Positive Displacement Compressor
By Application Type
- Gas Compressor
- Air Compressor
By Base Oil Type
- Synthetic Oil
- Mineral Oil
- Semi-Synthetic Oil
- Bio-Based Oil
By End-User Industry Type
- General Manufacturing
- Construction
- Oil & Gas
- Mining
- Chemical & Petrochemical
- Power Generation
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Compressor Oil Market Highlights
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Market Size in 2022
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US$ 9.43 Billion
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Market Size in 2028
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US$ 12.83 Billion
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Market Growth by 2023-2028
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CAGR of 5.26%
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Base Year of Study
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2022
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Trend Period
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2017-2021
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Forecast Period
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2023-2028
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Dominant Region
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Asia-Pacific is estimated to be the largest as well as the fastest-growing market.
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Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s compressor oil market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research
Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.