Compressor Oils in 2019: Worldwide Market Analysis by Base Oil, Compressor Type, Application, End-Use Industry, and Region - Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 21, 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 was 2,060 kilotons in 2017 and is projected to reach 2,750 kilotons by 2023, at a CAGR of 5% between 2018 and 2023.
The growth of the compressor oil market is primarily triggered by the huge demand from the APAC region and developing end-use industries such as general manufacturing, power generation, metal production, oil & gas, food & beverages, and automotive. The liberalization of foreign trade and investments and change in industrial policies have triggered rapid industrialization in China over the past three decades. This is contributing to the increasing demand for compressor oils in the region.
The development of zinc-free (ashless) compressor oil is expected to provide a lucrative growth opportunity for the manufacturers. Zinc, an anti-wear agent in lubricants, is harmful to the environment. Therefore, the manufacturers have to pre-treat lubricants before releasing them into the environment which is an expensive process. However, the growth of the compressor oil market is hampered by technological advancements. The increasing popularity of oil-free compressor is restraining the growth of the compressor oil market.
This report provides insights on the following pointers:
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Compressor Oil Market, By Compressor Type
7 Compressor Oil Market, By Application
8 Compressor Oil Market, By Base Oil
9 Compressor Oil Market, By End-Use Industry
10 Compressor Oil Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/y0t2s2
View source version on businesswire.com:https://www.businesswire.com/news/home/20190521005567/en/
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Related Topics:Compressors,Lubricants and Greases
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/21/2019 09:04 AM/DISC: 05/21/2019 09:04 AM