Global Compressor Oil Market to reach USD 14.8 billion by 2025 : Top Keyplayers are Exxonmobil Corporation, Royal Dutch Shell Plc, Chevron Corporation, British Petroleum (BP) P.L.C, Total Sa, LUKOIL, Sinopec Limited

Global compressor oil market is valued approximately USD 10 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 5.8 % over the forecast period 2018-2025. Compressor oils are the formulated fluids used for providing lubrication to the functional parts of any compressor. These are responsible for improving the overall performance of compressors, serves as a sealant, reduces the deposition of harmful compounds, acts as protective surface film for reducing friction, absorbs the heat produced while compression by acting as direct contact coolant. Using compressor oil is beneficial as it imparts high film strength, corrosion resistance, reduces the energy consumption to grater extent and offers synthetic solvency.

Increasing demand of compressor oil from various end-use industries including oil & gas, chemicals & petrochemicals, general manufacturing is primarily driving the global compressor oil market over the forecast years. Rapid industrialization across various regions have resulted in growing end-use industries imparting growth to the market. For instance, as per U.S. Energy Information Administration, oil production of U.S. in 2018 would reach 10.0 million barrels per day (bpd). On the other hand, recent technological advancement associated with oil rejuvenation techniques may hinder the market growth during the forecast period.

Request For Free Sample@ https://www.kennethresearch.com/sample-request-10077705

The regional analysis of global compressor oil market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising demand of compressor oil in aerospace industry. Europe also contributes a satisfactory growth in the global compressor oil market due to increasing demand of various chemicals on a large scale. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to growth in chemical manufacturing industries in developing countries such as India, China and Japan.

The major market player included in this report are:

• Exxonmobil Corporation
• Royal Dutch Shell Plc
• Chevron Corporation
• British Petroleum (BP) P.L.C
• Total Sa
• LUKOIL
• Sinopec Limited
• Idemitsu Kosan Co. Ltd
• FUCHS Group
• Morris Lubricants
• Addinol Lube Oil GmbH

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

Buy Now@ https://www.kennethresearch.com/report-purchase-id-10077705

By Compressor Type:

Positive Displacement Compressor
Dynamic Compressor

By Application:

Air Compressor
Gas Compressor

By Base-Oil:

Mineral Oil
Synthetic Oil
Semi-Synthetic Oil
Bio-Based Oil

By End-Use Industry:

Oil & Gas
Construction
General Manufacturing
Mining
Power Generation
Chemicals & Petrochemicals
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Read More@ https://www.kennethresearch.com/report-details/global-compressor-oil-market/10077705

Target Audience of the Global Compressor Oil Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

1412 Broadway,
21st Floor Suite MA111,
New York, NY 10018

Name:David
Email:sales@kennethresearch.com
Phone: +1 313 462 0609

This release was published on openPR.