Posted By mark itwired
Posted on August 3, 2021
Compressor oil is a lubricant used for lubrication and proper working
of metal parts involved in air/gas compressors. It is designed to
deliver long life service in most compressor applications. Moreover,
compressor oil is used to formulate lubricants for vane-type,
reciprocating, and rotary-screw compressors where compressed oil and gas
are in direct contact. This requires exceptional gas/oil separation
capabilities and oxidation stability, on top of lubricating and
anti-wear qualities. Compressor oil is the combination of base oil and
additives where base oil is extracted from crude oil in various
plants. Its performance is mainly dependent on base oil characteristics.
Therefore base oil characters should encounter all performance demands,
permitting formulators to create distinguished compressor lubricants
that enhance performance and reduce environmental impact.
Many plants and manufacturing industries uses compressed air systems
where compressor oil has wide range of applications to keep the whole
operation running. Moreover to this, appropriate lubrication will ensure
that the compressor will continue operating and the plant will escape
costly interruption and repairs. Also suitable compressor oil will help
compressor function cooler and consume less electrical power. Therefore
for reducing energy consumption, better compressor oil should be used.
Hence increasing concerns for low power consumption in many
manufacturing industries is outgoing to drive the compressor oil market
in the forecasted period.
Global Compressor Oil Market: Dynamics
The demand from automotive, marine and refrigeration industries are expected to show healthy growth of the global compressor oil market in
the forecasted period. Moreover, refilling of the compressor oil during
maintenance period in all end use industries is another key factor
driving the compressor oil market in the near future.
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The growth of compressor oil market is mainly affected by the
introduction of oil-free compressors. These compressor are operated
without the usage of compressor oil. Owing to the requirement of
superior quality of air for special applications. Additionally, oil-free
compressors are light weight and are economical as compared with the
conventional one and therefore affection the growth of compressor oil
market. In terms of trends, the preference of bio-based oils is expected
to influence the existing consumption rate of the synthetic based
compressor oil market with regulations and industry norms deemed to be
mandatory in the forecast period.
Global Compressor Oil Market: Segmentation
Segmentation of global compressor oil market can be done on the basis of compressor type, base oil type, end use and region.
On the basis of application, global compressor oil market can be segmented into
- Reciprocating compressor
- Sliding vane compressor
- Centrifugal compressor
- Screw (helical lobe) compressor
- Rotary lobe compressor
On the basis of base oil type, global compressor oil market can be segmented into
- Synthetic
- Semi-Synthetic
- Mineral
- Bio-Based
On the basis of end use, global compressor oil market can be segmented into
- Manufacturing
- Oil & Gas
- Power
- Automotive
- Others
On the basis of sales channel, global compressor oil market can be segmented into
- OEM
- Aftermarket
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Global Compressor Oil Market: Regional Outlook
Asia-Pacific is projected to be the leading market for compressor oil
in the forecasted period. As domestic and foreign investments in the
key segments such as manufacturing, energy, automotive and construction
have been constantly growing for the past decade. Moreover, the increase
in vehicle fleet in the Asia-Pacific region led to the growing demand
of automobiles. As a result, there has been a constant rise in
automotive industries in the region, which is eventually driving the
demand for compressor oil in the region. Since automobile industry
consumes compressor oil for lubrication and heat reduction of
compressors used in this industry. Similarly industrialization in
emerging region namely Middle East & Africa is expected to show
significant growth in the near future.
Global Compressor Oil Market: Market Participants
Some of the main market participants of global compressor oil market are
- Royal Dutch Shell plc (Netherlands),
- Exxon Mobil Corporation (U.S.),
- Sinopec Limited (China),
- Total S.A. (France)
- Lukoil (Russia)
- BP plc (U.K.)
- Chevron Corporation (U.S.)
- Fuchs Petrolub AG (Germany)
- The Dow Chemical Company (U.S.)
- BASF SE (Germany)
- Croda International plc (U.K.)
- Sasol Limited (South Africa)
The research report presents a comprehensive assessment of the market
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contains projections using a suitable set of assumptions and
methodologies. The research report provides analysis and information
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Report Highlights:
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- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
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Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation
4. Key Success Factors
4.1. Product Adoption
4.2. Product USPs
4.3. Strategic Promotional Strategies
so on..
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