APAC Compressor oil market will witness a CAGR of about 2% through 2025 owing to the presence of rapidly growing end-user industries

Asia Pacific holds the largest share in the compressor oil market owing to the significant presence of various end-use industries. Aided by India and China, the APAC compressor oil industry growth graph will depict considerable increase in the years to come. Europe and North America compressor oil markets have also recorded substantial growth rate due to growing usage of synthetic compressor oils, which have longer lifespan thus lowering the maintenance cost and elongating oil change intervals.

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

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.

With the presence of numerous players, compressor oil market is highly competitive. Some of the key manufacturers in the industry include Gardner Denver, Atlas Copco, Chevron Corporation, Ingersoll Rand, BASF SE, Indian Oil Corporation, Sasol Limited, Fuchs Group, British Petroleum, Exxon Mobil Corporation, and others.

The revenue portfolio of compressor oil market is expected to experience traction due to expansive product demand, especially from mining applications. The product witnesses extensive usage in various portable compressors that are deployed to carry out operations like soil nails, grouting, rock bolting, vertical drilling, and various others, given the need for the smooth operation of the compressors. Estimates suggest that global compressor oil industry size will hit over US$6.5 billion by 2025.

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

Constant industrial development across the globe to meet the demand of the consumers from various sectors has outlined global compressor oil market share over the years. Compressor oils are mainly used in different types of compressors to expand and enhance their service life. The product also assists in ensuring longer operations and offers superior resistance from corrosion and rust to protect the internal parts of the component from surface degradation.

The compressors finds key applications in various crucial industries such as food and beverage, power generation, mining, general manufacturing, and construction and infrastructure. The escalating growth of global compressor oil market can be attributed to the benefits offered. Excellent oxidation performance, resistance to corrosion and rust, foam control, wear protection and rapid water separation are some of the integral properties of the product.

Browse More News:

https://www.prnewswire.com/news-releases/apac-marine-coatings-market-valuation-to-hit-us12-billion-by-2024--gmi-300905663.html

https://www.globenewswire.com/news-release/2020/04/01/2010390/0/en/Titanium-Dioxide-Market-is-slated-to-surpass-27-billion-by-2026-Says-Global-Market-Insights-Inc.html

Contact 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.