The global compressor oil market is expected to reach USD 14.74 Billion by 2026, according to a new report by Reports and Data. Compressor Oil is a kind of lubricant that provides a long service life in most compressor applications. The thermal stability and oxidation resistance of this oil aids in maintaining cleaner compressors, thus permitting more extended running periods between scheduled maintenance and oil changes.

The increasing application of compressors, and hence, compressor oil in the manufacturing sector is estimated to stimulate market demand in the forecast period. The rapid growth of industrialization and positive economic trends across the globe, especially in the Asia Pacific region will escalate the manufacturing activities in the upcoming years. Currently, China leads the global manufacturing output owing to supportive government policies, foreign investments and easy availability of cheap labor.

Key participants include :- Royal Dutch Shell PLC, ExxonMobil PLC, British Petroleum PLC, Chevron Corporation, BASF SE, Sasol Limited, Croda International PLC, The Dow Chemical Co., Total SA, and Sinopec Corp., among others.

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The increasing application of compressors, and hence, compressor oil in the manufacturing sector is estimated to stimulate market demand in the forecast period. The rapid growth of industrialization and positive economic trends across the globe, especially in the Asia Pacific region will escalate the manufacturing activities in the upcoming years. Currently, China leads the global manufacturing output owing to supportive government policies, foreign investments and easy availability of cheap labor.

For the purpose of this report, Reports and Data have segmented the global Compressor Oil market according to Product, Component, Application, End-user, and Region:

Compressor Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Positive Displacement Type
Reciprocating Type
Rotary Screw Type
Others
Roto-Dynamic Type
Radial Flow Type
Axial Flow Type
Base Oil Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Synthetic Oil
Mineral Oil
Bio-Based Oil
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)

Manufacturing
Oil & Gas
Automotive
Construction
Power Generation
Others
Regional Outlook (Revenue in USD Million; 2020–2026)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
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Further key findings from the report suggest

By compressor type, positive displacement types held a substantial share of the market in 2018. In positive displacement type compressors, compression is done by trapping a refrigerant vapor into a sealed-off space and then reducing its volume. Positive displacement pump modifies the geometrical volume of fluid at different stages, regardless of intake temperature and pressure. As a result, the performance of a centrifugal pump is dependent on input and output characteristics.

By base oil type, bio-based oil is forecasted to grow at the fastest growth rate in the forecast period owing to the superior performance offered by green lubricants. Biodegradable lubricants are found to provide better lubricity.

The Asia Pacific region dominated the market in 2018 and is projected to grow at a rate of 5.3% in the forecast period. The dominance of the Asia Pacific region may be attributed to the rising demand for compressor oil from automotive, oil & gas, construction, and petrochemical industries. The industries in the region are found to expand their production facility and hence require enough manufacturing equipment to cater to the end-user demand, thereby increasing the market demand…Continued
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Information provided in the report assists companies in making well-informed executive decisions with a comprehensive understanding of the Compressor Oil market scenario and trends.
Assists companies in implementing lucrative expansion strategies by offering information relating to the projected fluctuations in sales performance and supplier prices.
Enables IT enterprises in capitalizing on the latest market trends and accurate insights into the Compressor Oil Market, arming them with essential information and other significant concerns of the industry.
It allows readers to make favorable investments by tracing the substantial focus areas highlighted by survey takers in 2018.
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