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Compressor Oil Market is expected to maintain its dominant position throughout 2025
Compressor oil market
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On the basis of compressor type, the compressor oil market is classified as centrifugal, rotary screw, reciprocating, and others, which includes axial, scroll, straight lobe, and liquid piston. Out of all these compressor types, rotary screw type is gaining substantial popularity due to their expansive industrial application range. Moreover, rotary screw offers high lubrication, which is majorly required in thrust & radial roller bearings, speed gears, and screws. In terms of volume, rotary screw segment held the majority chunk of the market in 2018.
Due to the presence of rapidly growing end-user industries, Asia Pacific dominates the global compressor oil market. That being said, North America is also a pivotal growth ground for compressor oil business. Rise in oil & gas exploration activities along with the presence of an established manufacturing industry across the North American region is likely to offer lucrative scope for the growth of compressor oil industry.
Some of the key manufacturers in the compressor oil market include:
1. Gardner Denver
2. Atlas Copco
3. Chevron Corporation
4. Ingersoll Rand
5. BASF SE
6. Indian Oil Corporation
7. Sasol Limited
8. Fuchs Group
9. British Petroleum
10. Exxon Mobil Corporation
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Extensive usage of air compressors in the manufacturing industry is likely to drive global compressor oil market outlook. Air compressors are widely used for a multitude of industrial applications, which, in turn, will expand compressor oil market size over the coming years. In terms of revenue, worldwide compressor oil industry volume is likely to surpass USD 6.5 billion by 2025.
Compressor oil reduces carbon buildup in compressor valves and enhances performance, as well as shelf-life of compressors. These oils are not only used in vehicles and motorcycle tires but can also be utilized in large scale industries as a source of power to the machines and engines. As a source of compressed air, air compressors are used to operate air tools for production lines, adjust feed & roller machinery, metal finishing & sandblasting, and in welding & cutting equipment, etc. Increasing demand for compressor oil to enhance the performance of compressors used for industrial purposes may boost compressor oil industry growth.
Major Point From Table Of Content:
Chapter 4. Compressor Oil Market, By Base Oil
4.1. Key base oil insights
4.2. Synthetic
4.2.1. Compressor oil market estimates and forecast, 2014 - 2025
4.2.2. Market estimates and forecast by compressor type, 2014 - 2025
4.2.3. Market estimates and forecast by region, 2014 - 2025
4.3. Mineral
4.3.1. Market estimates and forecast, 2014 - 2025
4.3.2. Market estimates and forecast by compressor type, 2014 - 2025
4.3.3. Market estimates and forecast by region, 2014 - 2025
4.4. Others
4.4.1. Market estimates and forecast, 2014 - 2025
4.4.2. Market estimates and forecast by compressor type, 2014 - 2025
4.4.3. Market estimates and forecast by region, 2014 - 2025
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Email: sales@gminsights.com
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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