What is Compressor Oil Market?
Compressor oil is a lubricant used for lubrication and proper working of metal components involved in air/gas compressors. It’s designed to deliver long life service in most compressor applications. Moreover, compressor oil is employed to formulate lubricants for reciprocating, vane-type and rotary-screw compressors where compressed oil and gas are in direct contact. This needs 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 numerous plants. Its performance is primarily dependent on base oil characteristics. Thus, base oil characters must encounter all performance demands, allowing formulators to create distinguished compressor lubricants that improve performance and lessen environmental impact.
The market study is being classified by Type (Dynamic Compressor (Centrifugal Compressor, Axial Compressor) and Positive Displacement Compressor (Rotary Screw Compressor, Reciprocating Compressor)), by Application (Gas Compressor and Air Compressor) and major geographies with country level break-up. According to AMA, the Global Compressor Oil market is expected to see growth rate of 5.8% and may see market size of USD13.82 Billion by 2026.
Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (United States), British Petroleum Plc (United Kingdom), Chevron Corporation (United States), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany) and Idemitsu Kosan Co. Ltd. (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are The Dow Chemical Co. (United States), Sasol Limited (South Africa), BP plc (United Kingdom) and The Lubrizol Corporation (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Compressor Oil market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Compressor Oil market by Type, Application and Region.
On the basis of geography, the market of Compressor Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Massive Industrial Growth in APAC and the Middle East & Africa
- Growing Demand for High-Quality Compressor Oil
- Rise in Automation in Various Industries
- Technological Advancements
- Oil Rejuvenation
- Development of Zinc-Free (Ash less) Compressor Oils
- Emerging Demand From Economies
On 1 Aug 2016, FUCHS, a leading lubricants manufacturer acquired ULTRACHEM INC. The Delaware-based company is best known as producer and marketer of specialty synthetic lubricants for the compressor OEM and industrial maintenance markets for over forty years.
Key Target AudienceCompressor Oil Vendors, Compressor Oil Suppliers, Compressor Oil Distributors, Compressor Oil Regulatory & Government Bodies and Downstream Vendors