Press release
Global compressor oil market Report 2019: by Type, Application, End-users, Regions and Top key players are BASF SE, Fuchs Petrolub AG, Royal Dutch Shell PLC, Exxonmobil Corporation, Sinopec Limited.
compressor oil market
In August 2018, Burckhardt Compression and ExxonMobil have signed an agreement for lubricants. This agreement helped the customers in providing high performance lubrication products and services with enhanced technology.
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However, the rise in pricing of synthetic and bio-based compressor oil might restrain the growth of the market. The availability of oil-free compressors also confines the demand of product. The increasing industries in Middle East and Asia presents market players a lucrative opportunity to roll over the production capacity and hence, increases market demand over the next five years.
Market Segmentation
The global compressor oil market has been segmented on the basis of compressor types, base oil, application, and region.
By compressor Types, the global compressor oil market has been divided into reciprocating compressor, sliding vane compressor, centrifugal compressor, screw (helical lobe) compressor, and rotary lobe compressor. screw (helical lobe) compressor and roatry lobe compressor accounted for the major demand for the product due to high performance fluid and offer super anti-rust protection.
Based on base oil, the global compressor oil market has been categorized as synthetic oil, semi-synthetic oil, mineral oil, and bio-based oil. Synthetic oil leading the demand in compressor industry due to beneficial properties and longer time durability.
Based on application, the global compressor oil market has been segmented as petrochemical manufacturing, construction hydraulics and mining equipment, oil & gas machinery, automotive engines, power generation, and food & beverage machines among others. construction hydraulics and mining equipment accounted for the largest market demand and is projected to lead the market growth over the assessment period.
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Regional Analysis
Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five key regions studied for the global compressor oil market. In 2017, Asia-Pacific accounted for the largest market share of the global compressor oil market. This is mainly due to the increasing demand for compressor oil from automotive, oil & gas, construiction, mining, and petrochemical industries. The industries in this region are expanding the production facility and hence rquired enough manufacturing equiment to meet the end-use demand, and hence increses the demand for Compressor Oil. China and India are the key developing countries, which are expected to increase their demand during the forecast period, 2018-2023.
North America and Europe are the major base of large producers. The players in the region are highly focussed in providing advanced and high purity lubrication oil for compressor applications. Major countries in–line with the production and consumption of the product are US, Germany, France, and Italy.
Intended Audience
Compressor Oil Manufacturers
Traders and Distributors of Compressor Oil
Research and Development Institutes
Potential Investors
Raw Material Suppliers
Competitive Analysis
Some of the prominent players in the global compressor oil market are Exxonmobil Corporation (US), Sinopec Limited (China), Royal Dutch Shell PLC (Netherlands), BP PLC (UK), Total S.A (France), Chevron Corporation (US), Croda International PLC (UK), Fuchs Petrolub AG (Germany), BASF SE (Germany), Sasol Limited (South Africa), Lukoil (Russia), and Indian Oil Corporation Ltd (India) among others are some of the key players in the global compressor oil market.
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TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview Of Global Compressor Oil Market
To Be Continue……
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