How Compressor Oil Market Will Dominate In Coming Years? Key Players: Shell, Chevron Lubricants, Valvoline, Inc., Schaeer Mfg. Company, Denso, Liqui Moly GmbH, Kluber Lubrication, Morris Lubricants, Ultrachem, Inc., Penrite Oil, Atlas Copco, HP Lubricants

The global compressor oil market is anticipated to gain momentum from the increasing sales of new vehicles. This information is published in an upcoming report by Fortune Business Insights, titled, "Compressor Oil Market Size, Share and Global Trend By Compressor Type (Dynamic, Positive Displacement), By Base Oil (Synthetic Oil, Semi-Synthetic Oil, Mineral Oil, Bio-Based Oil), By End-User (Chemical & Petrochemicals, Automotive, Food and Beverage, Construction, Mining, Oil & Gas, Manufacturing, Others) and Geography Forecast till 2026." The report further states that a rapid rise in the on-road vehicle fleet will affect the compressor oil market size positively during the forecast period.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/compressor-oil-market-101310

The report provides a holistic perspective on the compressor oil market growth in terms of volume (Mn Units) and revenue (USD Mn) across various geographies. The primary and secondary research data of the market were accumulated to structure the report. Combined with these, it offers detailed information about several vendors and highlights the competitive landscape.

Fortune Business Insights profiles some of the most prominent companies operating in the compressor oil market. They are as follows:
o Valvoline, Inc.
o Shell
o Atlas Copco
o Chevron Lubricants
o Anest Iwata Corporation
o Schaeffer Mfg. Company
o Epiroc Mining India Limited
o Denso
o Penrite Oil
o Liqui Moly GmbH
o Ultrachem, Inc.
o Kluber Lubrication
o Exxon Mobile Corporation
o Morris Lubricants
o HP Lubricants

Key Market Driver - Growth of the automobile and food and beverage industries

Key Market Restraint - Introduction of advanced counterparts

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Expansion of the Automobile Industry Around the World to Drive Market

Compressor oil is extensively used for refrigeration and air conditioning in vehicles. According to a report by OICA, in the year 2017, the automobile industry worldwide had exhibited a significant growth of 3.1% as compared to the previous year. Therefore, the growth of the automobile industry is likely to increase the demand for compressor oil around the world during the forthcoming years.

Presence of Well-established Chemical Industry to Favor Growth in Europe

The compressor oil market is geographically fragmented into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Amongst these regions, North America is showcasing a swift growth of its food and beverage industry owing to the high demand for beverages and meat products in the U.S. It will propel the market in this region in the coming years. Europe houses an evolving and well-established chemical industry fueled by the sales of specialty chemicals. It will augment the market in this region.

In Latin America, countries, namely, Peru and Chile have been exhibiting steady growth in the sales of new vehicles for the past few years. The market here will be propelled by the expansion of automotive industry. Asia Pacific possesses more than 50 percent of the global population. Because of this, the food and beverage industry has been growing at a fast pace since the past few decades. In South Korea, India, and China, the rising production capacity is driving the chemical industry. These are the compressor oil market trends that would drive growth in this region. Lastly, in the Middle East and Africa, the chemical, oil, and natural gas industries are showcasing notable growth. It would result in healthy market growth.

Arcline Investment & Burckhardt Compression Focus on Strategic Collaboration to Broaden Product Portfolio

Numerous renowned players are present in the market. They are focusing on widening their product portfolio by joining hands with other companies. It is aiding in increasing the compressor oil market share of those particular companies. Below are two of the most recent developments that have taken place in the industry:

o July 2019: Arcline Investment Management, a private equity firm, investing in market-leading companies, based in California, announced that it has successfully acquired the reciprocating compression division of Baker Hughes, an international industrial service company, headquartered in Texas. Arcline is planning to invest huge sums in its loyal and long-standing employee base so that they can support every possible brand of Arcline's equipment that is present in the field.

o August 2018: Burckhardt Compression, a provider of reciprocating compressors, headquartered in Switzerland, declared that it is collaborating with ExxonMobil, a multinational oil and gas corporation based in Irving. The main aim of the collaboration is to provide greater value to consumers, decrease cost, and increase productivity. It will also aid in delivering new product technology that is specially developed for the reciprocating compressor systems' unique performance requirements.

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Key Segmental Overview:
1. By Compressor Type
o Dynamic
o Positive Displacement
2. By Base Oil
o Synthetic Oil
o Semi-Synthetic Oil
o Mineral Oil
o Bio-Based Oil
3. By End-User
o Chemical & Petrochemicals
o Automotive
o Food and Beverage
o Construction
o Mining
o Oil & Gas
o Manufacturing
o Others
4. By Geography
o North America (the USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
o Latin America (Brazil, Mexico, and Rest of Latin America)
o Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Key Industry Developments
o In July 2019, Arcline Investment Management company has signed an agreement to acquire the reciprocating compression division of Baker Hughes, a GE Company. The company was involved in providing compression services to the oil and natural gas industry
o In August 2018, Burckhardt Compression signed an agreement with Exxon Mobile Corporation for the global lubricants collaboration. The collaboration is expected to support and provide new product technology for the enhancement of the reciprocating compressor system performance

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Major Table of Content For Compressor Oil Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
6. North America Copper Magnet Wire Market Analysis, Insights and Forecast, 2026View Related Reports
7. Europe Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
10. Latin America Copper Magnet Wire Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion

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This release was published on openPR.