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Compressor Oil Market by Base Oil, Compressor Type, Application, End-Use Industry - Global Forecast to 2023

/EIN News/ -- Dublin, Feb. 19, 2019 (GLOBE NEWSWIRE) -- 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

Compressor oils are mixtures of base oils and additives. The additives help to enhance, add, or suppress unwanted properties of the base oil. They are usually produced in a liquid or semi-solid state. Compressor oil reduces the heat by carrying it away from the moving surfaces of machinery and cools its components. Some compressor oils are also termed as heat transfer fluids. Compressor oils are utilized to reduce friction between moving surfaces of the compressor.

In addition, compressor oils also help reduce wear and tear of machinery and prevent overheating and corrosion, which increases the efficiency of the machine. Thus, compressor oils play a vital role in the smooth functioning of machinery. They are primarily used in industrial machinery and equipment. There are various types of compressor oils available in the market including synthetic compressor oil, semi-synthetic compressor oil, mineral compressor oil, and biobased compressor oil.

The compressor oil market size was 2,060.0 kilotons in 2017 and is projected to reach 2,750.0 kilotons by 2023, at a CAGR of 5.0% 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.

Key Topics Covered:

1 Introduction

2 Research Methodology

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
5.2.1.1 Massive Industrial Growth in APAC and the Middle East & Africa
5.2.1.2 Growing Demand for High-Quality Compressor Oil
5.2.1.3 Rise in Automation in Various Industries
5.2.2 Restraints
5.2.2.1 Technological Advancements
5.2.2.2 Oil Rejuvenation
5.2.3 Opportunities
5.2.3.1 Development of Zinc-Free (Ashless) Compressor Oils
5.3 Porter's Five Forces Analysis
5.4 Industry Outlook
5.4.1 Construction Industry

6 Compressor Oil Market, By Compressor Type
6.1 Introduction
6.2 Dynamic Compressor
6.2.1 Dynamic Compressor is Expected to Be the Larger Compressor Type
6.3 Positive Displacement Compressor
6.3.1 High Efficiency of Positive Displacement Compressors Expected to Drive the Market

7 Compressor Oil Market, By Application
7.1 Introduction
7.2 Gas Compressor
7.2.1 Demand From Oil & Gas Industry to Drive the Compressor Oil Market in Gas Compressor Application
7.3 Air Compressor
7.3.1 Demand in Several Industries to Boost the Air Compressor Segment

8 Compressor Oil Market, By Base Oil
8.1 Introduction
8.2 Synthetic Oil
8.2.1 Synthetic Oil Accounted for the Largest Share Owing to Its Various Advantages
8.3 Mineral Oil
8.3.1 Low Price and Easy Availability of Mineral Oil is Expected to Drive the Market
8.4 Semi-Synthetic Oil
8.4.1 High Performance at Low Cost of Semi-Synthetic Compressor Oil is Driving the Market
8.5 Bio-Based Oil
8.5.1 Demand for Bio-Based Compressor Oils High as They are Biodegradable

9 Compressor Oil Market, By End-Use Industry
9.1 Introduction
9.2 General Manufacturing
9.2.1 Rising Vehicle Demand is Driving the Compressor Oil Market
9.3 Construction
9.3.1 Increasing Construction Activities in China to Drive the Compressor Oil Market
9.4 Oil & Gas
9.4.1 Increased Natural Gas Production in Brazil Expected to Drive the Market
9.5 Mining
9.5.1 Increased Mineral Production in APAC is Driving the Market
9.6 Chemical & Petrochemical
9.6.1 High Demand for Chemicals From APAC is Expected to Drive the Compressor Oil Market
9.7 Power Generation
9.7.1 Rising Electricity Demand Across the Globe is Driving the Market
9.8 Others

10 Compressor Oil Market, By Region

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
11.8.1 Royal Dutch Shell PLC
11.8.2 Exxonmobil Corporation
11.8.3 BP PLC
11.9 Competitive Scenario
11.9.1 New Product Launch
11.9.2 Acquisition

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 SA
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.

For more information about this report visit https://www.researchandmarkets.com/research/8bz2m4/compressor_oil?w=12

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