Based on base oil, mineral and synthetic are the key segments in the compressor oil market. Bio-based and semi-synthetic oils have been considered in the others category.
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As per a recent industry report put forward by Global Market Insights Inc., Compressor Oil Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 6.5 billion by 2025 with a projected CAGR of 2% over 2019-2025.
The escalating growth of compressor oil market can be attributed to the high-performance lubrication benefits provided by the product. Its properties such as excellent oxidation performance, resistance to rust and corrosion, wear protection, foam control, and rapid water separation expands the product’s area of usage to manufacturing, power generation, automobile, mining etc., augmenting compressor oil market share.
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The revenue portfolio of compressor oil market is likely to gain traction owing to expansive product demand from mining applications in particular. The product finds usage in a number of portable compressors that are massively deployed for operations such as vertical drilling, soil nails, rock bolting, shotcreting, anchoring, grouting, and more, given the necessity for smooth compressor operations.
The technological advancement in the compressor industry to move towards more energy efficient solutions will also prosper the product demand. For instance, Kaesar Kompressoren redesigned and launched a new series of rotary screw compressors which are highly energy efficient, resulting in reduced energy cost and life cycle cost. Such innovations will also drive the demand of air compressors, which will augment the growth of compressor oil market. However, raw material price fluctuation might hamper the growth of industry during the forecast timeframe.
Based on base oil, mineral and synthetic are the key segments in the compressor oil market. Bio-based and semi-synthetic oils have been considered in the others category. In 2018, synthetic oil dominated the market with majority of share. This product type is free from any kind of additive or surplus that results in price escalation. Additionally, it provides high efficiency, less wear, lower volatility, extended storage stability and operating temperature range.
On the basis of end-use, compressor oil market is classified into food & beverage, infrastructure & construction, power generation, mining, general manufacturing, chemical and others which include agriculture, healthcare, household, etc. The chemical segment will have significant market share due to many applications of compressor oil in material handling and process air.
Regionally speaking, APAC holds the largest share in compressor oil market owing to the significant presence of various industry players and their efforts to expand their reach worldwide. Recently, independent lubricant manufacturer Fuchs Petrolhub made it to the headlines for opening a plant in the Wujiang district of Suzhou, China. The facility’s production portfolio is inclusive of numerous industrial and automotive oils, rolling oils, and metalworking fluids. The 80,000 m² plant has been constructed with an investment of around EUR 46 million with a capacity of 100,000 tons in phase 1. The rising efforts by industry contenders to enhance production capacity will augment China compressor oil market.
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Compressor oil market share is extremely competitive, with numerous players. The main players include Atlas Copco, Gardner Denver, Chevron Corporation, BASF SE, Ingersoll Rand, Indian Oil Corporation, Fuchs Group, Sasol Limited, Exxon Mobil Corporation, British Petroleum and others.
Glimpse of Table of Content (ToC)
Chapter 1. Methodology & Scope
1.1. Methodology
1.2. Market definitions
1.3. Market estimation & forecast parameters
1.4. Data sources
1.4.1. Primary
1.4.2. Secondary
1.4.2.1. Paid sources
1.4.2.2. Public sources
Chapter 2. Executive Summary
2.1. Compressor oil industry 360° synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Base oil trends
2.1.3. Compressor type trends
2.1.4. End-use sector trends
2.1.5. Regional trends
Chapter 3. Compressor Oil Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Value addition at each stage
3.3.3. Distributor channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key raw material suppliers
3.3.4.2. List of key product manufacturers/suppliers
3.4. Industry megatrends
3.5. Innovation & sustainability
3.5.1. Patent landscape
3.5.2. Technology landscape
3.5.3. Future trends
3.6. Compressor oil application cycle
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.1.1. Rising demand for air compressors in the industrial sector
3.7.1.2. Mature manufacturing sector in North America and Europe
3.7.1.3. High growth in Asia Pacific construction and infrastructure industry
3.7.2. Industry pitfalls & challenges
3.7.2.1. Stringent government regulations and norms
3.7.2.2. Volatility in raw material prices
3.8. Regulatory landscape
3.8.1. U.S.
3.8.2. Europe
3.8.3. Asia Pacific
3.9. Growth potential analysis
3.10. Competitive landscape, 2018
3.10.1. Company market share analysis, 2018
3.10.2. Brand analysis
3.10.3. Key stakeholders
3.10.4. Strategy dashboard
3.11. Porter’s analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Industry rivalry
3.11.5. Threat of substitutes
3.12. Regional price trends
3.12.1. Cost structure analysis
3.12.1.1. R & D cost
3.12.1.2. Manufacturing & equipment cost
3.12.1.3. Raw material cost
3.12.1.4. Distribution cost
3.12.1.5. Operating cost
3.12.1.6. Miscellaneous cost
3.12.2. Price by base oil
3.13. PESTEL analysis
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/compressor-oil-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source URL: https://marketersmedia.com/at-2-cagr-compressor-oil-market-to-be-worth-more-than-65-billion-by-2025/88911006
Source: MarketersMedia
Release ID: 88911006
