The Global Compressor Oil Market is Projected to Grow from $10.1 Billion in 2018 to $13.2 Billion by 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 15, 2019--The “Compressor Oil Market by Base oil, Compressor Type, Application, End-Use Industry - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The compressor oil market size is projected to grow from USD 10.1 billion in 2018 to USD 13.2 billion by 2023.
Industrial growth in growing regions such as APAC and the Middle East & Africa coupled with rising automation in various end-use industries is expected to drive the demand for compressor oil during the forecast period. However, technological advancements and oil rejuvenation act as restraining factors for the growth of the compressor oil market.
The synthetic oil segment is expected to lead the compressor oil market, in terms of volume, during the forecast period
The synthetic oil segment is expected to lead the compressor oil market, in terms of volume, from 2018 to 2023. The dominance of the synthetic oil segment is owing to its high performance in extreme conditions, high drain interval, better viscosity index, higher shear stability, and chemical resistance.
Synthetic oils can perform at extreme temperatures; moreover, due to its low volatility, there is reduced oil consumption, oil residue, and deposit formation, which enhance the compressor performance.
The general manufacturing industry is projected to account for the largest share of the overall compressor oil market, in terms of volume, between 2018 and 2023
General manufacturing is the largest end user of compressor oil. General manufacturing includes various small industries such as transportation equipment, metal production, commercial machinery, food & beverage, and rubber & plastic.
These industries consume compressor oil during product manufacturing; hence, the use of compressor oil is important in these industries to ensure smooth functioning of the machine. The rapid growth of the manufacturing sector in the developing regions is expected to drive the compressor oil market during the forecast period.
APAC is expected to be the largest and fastest-growing compressor oil market during the forecast period, in terms of volume
APAC is projected to be the largest and fastest-growing compressor oil market during the forecast period due to the high growth of the manufacturing and construction industries in the emerging countries such as China, India, Japan, and South Korea.
The domestic and foreign investments in the construction industry have been consistently growing over the past decade in this region. Moreover, the rising investment for infrastructure development in the developing countries of APAC is fueling the compressor oil market in the region.
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.4 Currency 1.5 Unit Considered 1.6 Limitations 1.7 Stakeholders
2 Research Methodology 2.1 Research Data 2.2 Market Size Estimation 2.3 Data Triangulation 2.4 Assumptions
3 Executive Summary
4 Premium Insights 4.1 Significant Opportunities in the Compressor Oil Market 4.2 Compressor Oil Market, By Region 4.3 APAC Compressor Oil Market, By End-Use Industry and Country 4.4 Compressor Oil Market, By Base Oil 4.5 Compressor Oil Market Attractiveness 4.6 Compressor Oil Market, By End-Use Industry and Region
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 18.104.22.168 Massive Industrial Growth in APAC and the Middle East & Africa 22.214.171.124 Growing Demand for High-Quality Compressor Oil 126.96.36.199 Rise in Automation in Various Industries 5.2.2 Restraints 188.8.131.52 Technological Advancements 184.108.40.206 Oil Rejuvenation 5.2.3 Opportunities 220.127.116.11 Development of Zinc-Free (Ashless) Compressor Oils 5.3 Porter’s Five Forces Analysis 5.4 Industry Outlook
6 Compressor Oil Market, By Compressor Type 6.1 Introduction 6.2 Dynamic Compressor 6.3 Positive Displacement Compressor
7 Compressor Oil Market, By Application 7.1 Introduction 7.2 Gas Compressor 7.3 Air Compressor
8 Compressor Oil Market, By Base Oil 8.1 Introduction 8.2 Synthetic Oil 8.3 Mineral Oil 8.4 Semi-Synthetic Oil 8.5 Bio-Based Oil
9 Compressor Oil Market, By End-Use Industry 9.1 Introduction 9.2 General Manufacturing 9.3 Construction 9.4 Oil & Gas 9.5 Mining 9.6 Chemical & Petrochemical 9.7 Power Generation 9.8 Others
10 Compressor Oil Market, By Region 10.1 Introduction 10.2 APAC 10.3 North America 10.4 Europe 10.5 Middle East & Africa 10.6 South America
11 Competitive Landscape 11.1 Introduction 11.2 Competitive Leadership Mapping (Overall Market) 11.3 Strength of Product Portfolio 11.4 Business Strategy Excellence 11.5 Competitive Leadership Mapping (SMSE) 11.6 Strength of Product Portfolio 11.7 Business Strategy Excellence 11.8 Market Share Analysis 11.9 Competitive Scenario
12 Company Profiles 12.1 Royal Dutch Shell PLC 12.2 Exxonmobil Corporation 12.3 British Petroleum (BP) PLC 12.4 Chevron Corporation 12.5 Total S.A. 12.6 Sinopec Limited 12.7 Lukoil 12.8 Indian Oil Corporation Ltd. 12.9 Fuchs Group 12.10 Idemitsu Kosan Co. Ltd. 12.11 Petroliam Nasional Berhad (Petronas) 12.12 Other Key Market Players 12.12.1 The DOW Chemical Company 12.12.2 Croda International PLC. 12.12.3 Sasol Limited 12.12.4 Phillips 66 12.12.5 Bel-Ray Company LLC. 12.12.6 Morris Lubricants 12.12.7 Penrite Oil 12.12.8 Valvoline Inc. 12.12.9 Liqui Moly GmbH 12.12.10 Bharat Petroleum 12.12.11 Rock Valley Oil and Chemical Co. 12.12.12 Peak Lubricants Pty Ltd. 12.12.13 Amalie Oil Co. 12.12.14 ENI SPA 12.12.15 Addinol 12.12.16 Lubrication Technologies Inc. 12.12.17 Engen Petroleum 12.12.18 Petro-Canada Lubricants Inc.
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Related Topics:Compressors,Lubricants and Greases
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Research and Markets
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PUB: 02/15/2019 09:49 AM/DISC: 02/15/2019 09:48 AM