Compressor Oil Market is Forecasted to Reach US$ 12.83 Billion in 2028, Says Stratview Research

The global compressor oil market is projected to witness a growth rate of 5.26% annually from 2023 to 2028, with an anticipated size of US$ 12.83 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global compressor oil market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 12.83 billion
Growth (CAGR): 5.26% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Compressor Oil Market:

The global Compressor Oil market is segmented based on Compressor type, Application type, Base Oil type, End-User Industry type, and Region.

Based on compressor type - The market is segmented into dynamic compressors and positive displacement compressors. The dynamic compressor segment held the larger share of the market in 2022 and is expected to remain dominant during the forecast period. Dynamic compressors convey a huge volume of air by quickening it to high speed with the assistance of rotating blades and limiting the air to decelerate under extension to increase pressure.

Based on base oil type - The market is segmented as synthetic oil, mineral oil, semi-synthetic oil, and bio-based oil. The synthetic oil segment leads the market owing to its excellent properties such as chemical resistance, better viscosity index, higher shear stability, and higher performance in extreme conditions.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/881/compressor-oil-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the market is owing to increasing investment in infrastructure development and continuously growing manufacturing and construction sectors in developing countries.

Compressor Oil Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing demand from the manufacturing sector: The manufacturing sector is the largest end-user of compressors, and therefore, the largest consumer of compressor oil. The growth of the manufacturing sector in emerging economies is driving the demand for compressor oil.
• Rising demand for energy-efficient compressors: Energy-efficient compressors require high-quality lubricants to maintain their efficiency. This is driving the demand for synthetic and semi-synthetic compressor oils, which offer better performance and longer drain intervals than mineral oils.
• Stringent environmental regulations: Environmental regulations are becoming more stringent, and this is driving the demand for environmentally friendly compressor oils. Bio-based compressor oils are gaining popularity as they are less toxic and biodegradable.
• Growing adoption of automation: Automation is being increasingly adopted in various industries, and this is leading to the increased use of compressors. This is also driving the demand for compressor oil.

Top Companies in the Compressor Oil Market:
Stratview Research has identified the following companies as the top market players.
• British Petroleum (BP) PLC
• Chevron Corporation
• ExxonMobil Corporation
• Fuchs Group
• Idemitsu Kosan Co. Ltd.
• Indian Oil Corporation Ltd.
• Lukoil
• Royal Dutch Shell PLC
• Sinopec Limited
• Total SA
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Compressor Oil Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.