Compressor Oil Market Report

Market Insights

Compressor oil market is likely to witness an impressive CAGR of 5.4% during the forecast period. The growing demand for compressor oil is mainly due to the increasing manufacturing and construction activities all across the globe.

Segments' Analysis

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Compressor Oil Market Share: By Compressor Type

Based on the compressor type, the market is segmented as dynamic compressor and positive displacement compressor. The dynamic compressor segment held the larger share of the market in 2019, 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 limit the air to decelerate under extension to increase pressure.

Compressor Oil Market Share: By Base Oil Type

Based on the base oil type, the compressor oil 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.

Compressor Oil Market Share: By End-User Industry Type

Based on the end-user industry type, the market is segmented as general manufacturing, construction, oil & gas, mining, chemical & petrochemical, power generation, and others. The general manufacturing segment is expected to remain dominant, whereas chemical & petrochemical is likely to be the fastest-growing market during the forecast period.

Compressor Oil Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing compressor oil 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 the infrastructure development and continuously growing manufacturing and construction sectors in the developing countries.

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Market Scope & Segmentation

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 base synthetic oil, mineral oil, semi-synthetic oil, and bio-based oil.

This report studies the market covering a period of 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 compressor oil market is segmented into the following categories. 

Compressor Oil Market Size, Share, & Forecast, 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)

Compressor Oil Market Size, Share, & Forecast, 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)

Compressor Oil Market Size, Share, & Forecast, 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)

Compressor Oil Market Size, Share, & Forecast, 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)

Compressor Oil Market Size, Share, & Forecast, 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)

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Key Players

Some of the major compressor oil manufacturers 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

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. 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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report 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)

Market Segmentation

• Current market segmentation of any one of the compressor types by end-use industry type.  

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 at sales@stratviewresearch.com