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  • Global Compressor Oil Market Report | 2023-2028

    Global Compressor Oil Market Report | 2023-2028

    Global Compressor Oil Market Report | 2023-2028
    Report code - SRAM350 Delivery - 2 Weeks
    Global Compressor Oil Market Size, Share, Trend, Forecast, Growth & Industry Analysis See more...

    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.

    Compressor Oil Market Size

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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.

    Global Compressor Oil Market Highlights

    Market Size in 2022

    US$ 9.43 Billion

    Market Size in 2028

    US$ 12.83 Billion

    Market Growth by 2023-2028

    CAGR of 5.26%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Dominant Region

    Asia-Pacific is estimated to be the largest as well as the fastest-growing market.

    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

    Market Drivers

    The global market is driven by several factors, including:

    1. 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.
    2. 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.
    3. 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.
    4. 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.

    Compressor Oil Market Snapshot

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    Segments Analysis

    By Compressor Type

    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.

    By Base Oil Type

    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.

    By End-User Industry Type

    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.

    By Region

    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 the increasing investment in infrastructure development and continuously growing manufacturing and construction sectors in developing countries.

    Compressor Oil Market Region

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    Segmentation

    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 global market is segmented into the following categories.

    By Compressor Type

    • Dynamic Compressor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Positive Displacement Compressor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By Application Type

    • Gas Compressor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Air Compressor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By Base Oil Type

    • Synthetic Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mineral Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Semi-Synthetic Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bio-Based Oil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By End-User Industry Type

    • General Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemical & Petrochemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Power Generation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    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 the market dynamics and will enable strategic decision-making for the 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

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the compressor oil market.

    How lucrative is the future?

    The market forecast and trend data and emerging trends.

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts.

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast.

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis.

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, and Life cycle analysis.

    What are the factors affecting the market?

    Drivers & challenges.

    Will I get the information on my specific requirements?

    10% free customization.

    Research Methodology

    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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Report Customization

    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.

    Frequently Asked Questions (FAQs)

    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 market is expected to grow from US$ 9.43 billion in 2022 to US$ 12.83 billion by 2028.

    The market is expected to grow at a CAGR of 5.26 % during the forecast period of 2023-2028.

    Some of the major players in the application-specific integrated circuit 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, and Total SA.

    Asia-Pacific is estimated to be the largest as well as the fastest-growing market.

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