Compressor Oil Market Size to Grow US$9.8 Billion by 2027 | CAGR 6.2% – IndustryARC

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The automotive industry is driving the compressor oil market due to its ease of maintenance and lower operating costs.

compressor oil market the size is expected to reach $9.8 billion by 2026, after growing at a CAGR of 6.2% during the period 2021-2026. Compressor oil offers various properties such as viscosity, chemical stability, dielectric strength and humidity, and others which are expected to increase demand from end-use industries. Increasing consumption of air compressors as they reduce relubrication and extend compressor life is expected to become the most significant growth driver for the compressor oil market. The compressor oil market report by IndustryCRA covers a comprehensive analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.

Competitive Landscape:

Top 5 Compressor Oil Industry Players are –

1.BASF

2. Dow Chemicals

3. Clariant

4. Akzo Nobel

5.Hustman Corporation

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Segmental analysis:

1. Synthetic lubricant improves the energy efficiency of machine parts and reduces operating costs. Therefore, the consumption of synthetic base oil is estimated to influence the compressor oil market.

2. Compressor oils lower the operating temperature when mixing air and oil. The maximum power of a rotary compressor is mainly 600 horsepower and 1000 horsepower of the reciprocating compressor.

3. Chemical & petrochemical sector held the largest compressor oil market share in 2020 and is growing at a CAGR of 3.6% during this forecast period of 2021-2026, as compressor oil increases machine service, reduces operational costs and energy consumption during operation.

4. According to the American Chemistry Council, the production of industrial chemicals is expected to increase by 3.7% in 2021 and 3.5% in 2022. Therefore, these factors are estimated to increase the demand for compressor oil in the region.

Report cover

Report attributes

Details

By base oil type

Synthetic oils (polyalkylene glycols (PAG), polyalphaolefins (PAO), diesters and polyolefins, phosphate esters, silicone-based), mineral oil

By compressor type

Positive displacement compressor (rotary and reciprocating compressor), dynamic compressor (centrifugal compressor and axial compressor)

By end-use industry

Chemical & Petrochemical, Transportation, Food & Beverage, Oil & Gas, Marine, Pharmaceutical, Metal Fabrication, Mining, Energy

By geography

North America, Europe, Asia-Pacific, South America and Rest of the World

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Market Drivers and Challenges:

1. Compressor oil lubricants are used to inflate the tires of vehicles, cars and motorcycles. These air compressor oils are used to transfer power to the machine and engines.

2. According to the Automotive Aftermarket Suppliers Association (AASA) and the Auto Care Association, China’s light truck aftermarket sales will increase from US$281 billion in 2020 to US$314 billion in 2021. As a result , these factors are expected to grow Compressor Oil market size.

3. The demand for positive displacement air compressors is expected to increase from the chemical industry which in turn is expected to increase the compressor oil market size.

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A. India Stationary Air Compressor Market

https://www.industryarc.com/Report/18960/indian-stationary-air-compressor-market

B. Compressor Lubricants Market

https://www.industryarc.com/Report/18622/compressor-lubricants-market.html

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