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Compressor Oil Market Overview, Trends, Analysis and Forecast to 2024

Increasing industrialization in Asia Pacific and the Middle East is expected to remain a key driving factor for global compressor oil market over the forecast period. The Global Compressor Oil Market is expected to reach USD 97.15 billion by 2024, according to a new report by Grand View Research, Inc.


Various attributes of compressor oil such as cooling, sealing and lubricating the internal components which ensure continuous operation and helps in reducing downtime and repair is also expected to drive its demand. Moreover, these lubricants maintain the equipment temperature and therefore keep them cool.

The equipment heating results in higher power consumption and wear & tear of the machine. Cost optimization practices adopted by various manufacturing companies are also expected to drive demand for compressor oil. It is observed that organizations have been implementing continuous improvement projects to reduce power consumption & maintain continuous operational flow undertake good lubrication practices.

To Know More About Compressor Oil Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/compressor-oil-market

Positive displacement based products are widely used in industries owing to their high performance and low maintenance cost. Therefore, the segment accounted for the majority of compressor oil consumed globally. Demand for positive displacement type is expected to develop at an approximate CAGR of 5.0% from 2016 to 2024.

Top Players of Compressor Oil Market:

Key players operating in the global industry are ExxonMobil, Royal Dutch Shell, Total S.A, Lukoil, British Petroleum, Chevron Corporation, BASF, The Dow Chemical, Sasol Limited, Sinopec Limited, Croda International and Fuchs Petrolub.

Market Segmentation of Compressor Oil Market:

The Global Compressor Oil Market segmented on the basis of Compressor Type, Base Oil and End-Use.

By Compressor Type:

    Positive Displacement Compressor
    Dynamic Compressor

By Base Oil:

    Synthetic
    Semi-Synthetic
    Mineral
    Bio-Based

By End-Use:

    Manufacturing
    Oil & Gas
    Power
    Automotive

By Region:

    North America
    Europe
    Asia Pacific
    Middle East and Africa
    Central & South America

Inquire about Compressor Oil Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2945
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