According to the latest report by IMARC Group, the global compressor oil market size reached US$ 6.11 Billion in 2021. Compressor oil refers to a specialized lubricant that comprises a mixture of refined paraffinic base oils and high-performance additives. It is typically manufactured in a semi-solid, liquid, or viscous state and is widely used in mechanical devices to cool, seal or grease internal components. It helps ensure the continuous operational flow of machinery, enhances efficiency, prevents friction, reduces energy consumption, improves performance, and minimizes wear and tear.
2. Report Description
About IMARC Group
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3. Report Description
Report Description and Highlights
Global Compressor Oil Market Outlook 2022-2027:
The latest report by IMARC Group, titled “Compressor Oil Market: Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global compressor oil market size
reached US$ 6.11 Billion in 2021.
Compressor oil refers to a specialized lubricant that comprises a mixture of refined paraffinic base oils
and high-performance additives. It is typically manufactured in a semi-solid, liquid, or viscous state
and is widely used in mechanical devices to cool, seal or grease internal components. It helps ensure
the continuous operational flow of machinery, enhances efficiency, prevents friction, reduces energy
consumption, improves performance, and minimizes wear and tear.
It also has excellent oxidation stability, rust and corrosion resistance, superior cost- and energy-saving
properties and leaves a low carbon residue that decreases the operation and maintenance costs. As a
result, compressor oil is extensively utilized in heating, ventilation, and air conditioning (HVAC)
systems and cold chain logistics facilities.
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market/requestsample
4. Report Description
Report Description and Highlights
Global Compressor Oil Market Drivers/Constraints:
Compressor oil assists in heat dissipation, maintains the temperature of the compressor, and facilitates
smooth operations, thereby eliminating the additional maintenance and high repair costs.
Consequently, the increasing usage of compressor oil in the chemicals and petrochemicals industry to
ensure the proper functioning of the machine parts and extend their lifespan represents the primary
factor driving the market growth.
Besides this, the rising need for cost optimization is another major growth-inducing factor. Additionally,
the surging number of gas pipeline projects and the increasing establishment of gas compressor stations
along the transportation pipelines for compressing the gas at a regulated pressure have augmented the
product demand. Furthermore, several key players are focusing on product innovations, such as the
launch of environment-friendly compressor oils produced from natural ingredients like sunflower and
rapeseed oil.
Along with this, the growing popularity of bio-based compressor oil over petroleum-based product
variants due to the rising environmental concerns has accelerated the product adoption rate.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/compressor-oil-market
5. Report Description
Report Description and Highlights
Key Market Segmentation
The research report includes the following segments:
Breakup by Compressor Type:
• Positive Displacement Compressor
• Dynamic Compressor
Breakup by Base Oil:
• Synthetic Oil
• Mineral Oil
• Semi-Synthetic Oil
• Bio-Based Oil
6. Report Description
Report Description and Highlights
Breakup by Application:
• Gas Compressor
• Air Compressor
Breakup by End Use Industry:
• General Manufacturing
• Construction
• Oil and Gas
• Mining
• Chemical and Petrochemical
• Power Generation
Looking forward, IMARC Group expects the market to reach US$ 7.92 Billion by 2027, exhibiting at a
CAGR of 4.18% during 2022-2027.
7. Report Description
Report Description and Highlights
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Note: We are updating our reports, If you want the report with the latest primary and secondary
data (2022-2027) including industry trends, market size and Competitive landscape, etc.
Click here: https://www.imarcgroup.com/compressor-oil-market/requestsample
8. Report Description
Report Description and Highlights
Competitive Landscape:
• Royal Dutch Shell PLC
• ExxonMobil Corporation
• BP International Limited
• Chevron Corporation
• TotalEnergies SE
• Sinopec Group
• PJSC LUKOIL
• Indian Oil Corporation Ltd
• The Fuchs Group
• Idemitsu Kosan Co. Ltd
• Petroliam Nasional Berhad (Petronas)
• DuPont de Nemours, Inc. (DuPont)
• Croda International PLC
• Sasol Limited
• The Phillips 66 Company
• Bel-Ray Company LLC
• Morris Lubricants Limited
• Penrite Oil Co. Pty. Ltd
9. Report Description
Key Questions Answered in the Report
1. What has been the historical growth rate of the global Compressor Oil Market?
2. What has been the impact of COVID-19 on the global Compressor Oil Market?
3. What are the key factors driving the global Compressor Oil Market?
4. What is the breakup of the global Compressor Oil Market based on the type?
5. What is the breakup of the global Compressor Oil Market based on the application?
6. What is the breakup of the global Compressor Oil Market based on the distribution channel?
7. What are the key regions in the global Compressor Oil Market?
8. Who are the key players/companies in the global Compressor Oil Market?
10. Report Description Table of Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
11. Report Description Table of Contents
5 Global Compressor Oil Market Industry
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Compressor Type
5.5 Market Breakup by Base Oil
5.6 Market Breakup by Application
5.7 Market Breakup by End Use Industry
5.8 Market Breakup by Region
Click here to visit the complete table of content with list of figures and tables:
https://www.imarcgroup.com/compressor-oil-market/toc
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Partial List of Clients
13. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients