Feb 15, 2019   SOURCE: BusinessWire

The Global Compressor Oil Market is Projected to Grow from $10.1 Billion in 2018 to $13.2 Billion by 2023 - ResearchAndMarkets.com

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.

Topics Covered

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
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

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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