Lubricants development enables the machineries to run efficiently. Compressor oil is used to reduce heat and cool down the compressors. It improves the machinery performance and offer anti-rust properties. The excellent oxidation stability and low carbon forming benefits in saving the maintenance cost and downtime.
In August 2018, Burckhardt Compression and ExxonMobil have signed an agreement for lubricants. This agreement helped the customers in providing high performance lubrication products and services with enhanced technology.
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Industries in different sectors are growing the demand for screw compressors and rotary vane owing to which the demand of compressor oil has been increased. However, the rise in pricing of synthetic and bio-based compressor oil might restrain the growth of the market. The availability of oil-free compressors also confines the demand of product. The increasing industries in Middle East and Asia presents market players a lucrative opportunity to roll over the production capacity and hence, increases market demand over the next five years.
Competitive Analysis: –
Some of the prominent players in the global compressor oil market are
- Exxonmobil Corporation (US)
- Sinopec Limited (China)
- Royal Dutch Shell PLC (Netherlands)
- BP PLC (UK)
- Total S.A (France)
- Chevron Corporation (US)
- Croda International PLC (UK)
- Fuchs Petrolub AG (Germany)
- BASF SE (Germany)
- Sasol Limited (South Africa)
- Lukoil (Russia)
- Indian Oil Corporation Ltd (India)
Market Segmentation: –
The global compressor oil market has been segmented on the basis of compressor types, base oil, application, and region.
By compressor Types, the global compressor oil market has been divided into reciprocating compressor, sliding vane compressor, centrifugal compressor, screw (helical lobe) compressor, and rotary lobe compressor.
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Based on base oil, the global compressor oil market has been categorized as synthetic oil, semi-synthetic oil, mineral oil, and bio-based oil.
Based on application, the global compressor oil market has been segmented as petrochemical manufacturing, construction hydraulics and mining equipment, oil & gas machinery, automotive engines, power generation, and food & beverage machines among others.
Regional Analysis: –
Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five key regions studied for the global compressor oil market.
In 2017, Asia-Pacific accounted for the largest market share of the global compressor oil market. This is mainly due to the increasing demand for compressor oil from automotive, oil & gas, construiction, mining, and petrochemical industries.
The industries in this region are expanding the production facility and hence rquired enough manufacturing equiment to meet the end-use demand, and hence increses the demand for Compressor Oil. China and India are the key developing countries, which are expected to increase their demand during the forecast period, 2018-2023.
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TABLE OF CONTENTS: –
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Compressor Types Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
5 Industry Overview Of Global Compressor Oil Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
To Be Continue……
LIST OF TABLES: –
Table 1 Global Compressor Oil Market: By Region, 2016−2023
Table 2 North America: Compressor Oil Market, By Country, 2016−2023
Table 3 Europe: Compressor Oil Market, By Country, 2016−2023
Table 4 Asia-Pacific: Compressor Oil Market. By Country, 2016−2023
Table 5 Middle East & Africa: Compressor Oil Market, By Country, 2016−2023
To Be Continue……
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