Compressor oil market to showcase significant growth over 2019-2025, Rising end-user industry in the Asia Pacific

The steeply rising end-user industry in the Asia Pacific will enable the regional market to dominate the global industry. Due to the presence of prominent manufacturing companies and extensive oil and gas exploration, North America will also account for a substantial market share in the coming years.

On account of favorable government policies, foreign investments, availability of raw materials, and low cost of human resources, countries like India and China have observed robust development in the manufacturing sector. In a bid to fulfill the need for the increasing population, manufacturing companies are emphasizing speed, reliability, and efficiency, driving the deployment air compressors and other advanced equipment.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2557

The global air compressor oil market share is exceedingly competitive, with the presence of notable players which include BASF SE, Chevron Corporation, Indian Oil Corporation, Ingersoll Rand, Sasol Limited, Fuchs Group, British Petroleum, Gardner Denver, Exxon Mobil Corporation, Atlas Copco, and others.

To manufacture energy-efficient solutions, technological advancement in the compressor industry has propelled substantial demand for oil. For example, in a bid to reduce energy and product lifecycle cost, Kaesar Kompressoren had redesigned and launched a new batch of rotary screw compressors that are highly energy efficient. While the introduction of such innovative technology will drive the demand for oil, fluctuations in the price of raw material might obstruct the growth of the industry.

Globally, compressor oil market share will be augmented by extensive utilization of air compressors in the manufacturing industry. These equipment are a major source of compressed air which are utilized in industrial procedures, such as to operate air tools for production lines, for welding and cutting equipment, adjusting feed and roller machinery, metal finishing, and sandblasting.

In 2019, Atlas Copco launched five new air compressors including piston air compressor, screw air compressor, and on-site nitrogen generator series for small and medium-scale business units in the Indian market. These efforts indicate the gradual expansion of the air compressor sector and the rising demand for compressor oil across emerging economies.

According to Global Market Insights, Inc., global compressor oil market size is projected to surpass US$6.5 billion by 2025. Below mentioned factors will drive the market trends over the next few years.

Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/compressor-oil-market

4 North Main Street
SellbyvilleContact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights

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.

This release was published on openPR.