Compressor Oil Market (By Compressor Oil Type - Positive Displacement Compressor, Dynamic Compressor; By Base Oil - Synthetic, Semi-Synthetic, Mineral, Bio-Based; By End-User - Manufacturing, Oil & Gas, Power Generation, Automotive, Other Industries) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction

The global compressor oil market is project worth USD 6.4 Billion by 2026 and the market is projected to showcase 5.4% CAGR during the forecast period. The market is driven by increasing industrial sector in the Asia Pacific and Middle East is expected to boost the need for compressor oils during the forthcoming years.

Market Dynamics

Producers have to observe with guidelines and strategies about disposal of industrial compressor oils. Increasing need for bio-based products due to increasing environmental concerns are expected to play a vital role in market growth. Though, high costs associated with production of bio-based product type are poised to remain a key challenge for market participants.

Market Insights

Bio-based compressor oils have meaningfully shown asurge in terms of market share. Croda International Plc focuses at competing with major synthetic lubricant producers by introducing bio-based lubricants. In 2014, the U.S Department of Agriculture accepted four Bio-based lubricants of Croda. The bio content in each of the products differs from 70.0% to 90.0%. Compressor oils are mainly used for industrial compressor oil base oils and businesses follow the franchise model for launching good distribution and sales network. These industrial businesses are understanding the demand to concentrate on core competencies by either outsourcing their retail distribution or developing a subsidiary business.

Market Classification

The global compressor oil market is segmented into four major segment named compressor oil type, base oil, end-userand region. On the basis of compressor oil type,the compressor oil market is segmented into positive displacement compressor and dynamic compressor. On the basis of the base oil,the global compressor oil market is segmented into synthetic, semi-synthetic, mineral and bio-based. On the basis of end-user, the global compressor oil market is segmented into manufacturing, oil & gas, power generation, automotive, and other industries. On the basis of region, the global compressor oil market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Regional Insights

Asia Pacific was the foremost revenue contributor in the global market in 2018 due to high growth rate of major end-user sector or industries for instance, textiles,food processing,chemicals, metalworking and paired with rapid urbanization and industrialization. The regional market presents numerous opportunities to visionaries to launch new products with beneficial product characteristics to tap into niche applications.

Resurgence in industrial activities along side modernization of modern hardware is ready to betoken well for the market in Europe during the forecast period. The area is described by presence of nations, for example, Russia, France, and Spain with settled and created modern and automotive segments.

Need in North America is also mainly driven by speedy development in Mexico that has developed as a major automobile producing. Production costs and low tariffs and on account of nation’swidespread free trade contracts are strengthening the possible for Mexico to develop a prime world-wide export base.

Report Coverage

Market Participants

The major players associated with the compressor oil market are Huntsman Corporation, Dow Chemicals, Exxon Mobil, Clariant, Royal Dutch Shell, Chevron, BASF, AkzoNobel, Ashland, ExxonMobil, Fuchs Lubricants, and Total SA.Compressor oils are mainly deployed for manufacturing applications and businesses follow the franchise model for developingsales networkand good distribution. These manufacturing businesses are understanding the need to focus on core capabilities by either outsourcing their retail distribution or launching a subsidiary company.

Market Segmentation

Market By Compressor Oil Type

• Positive Displacement Compressor
• Dynamic Compressor

Market By Base Oil

• Synthetic
• Semi-Synthetic
• Mineral
• Bio-Based

Market ByEnd-User

• Manufacturing
• Oil & Gas
• Power Generation
• Automotive
• Other Industries

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of Latin America

• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA