Compressor Oil Market Scope
Compressor oil is a lubricant used for lubrication and proper working of metal components involved in air/gas compressors. It’s designed to deliver long life service in most compressor applications. Moreover, compressor oil is employed to formulate lubricants for reciprocating, vane-type and rotary-screw compressors where compressed oil and gas are in direct contact. This needs exceptional gas/oil separation capabilities and oxidation stability, on top of lubricating and anti-wear qualities. Compressor oil is the combination of base oil and additives where base oil is extracted from crude oil in numerous plants. Its performance is primarily dependent on base oil characteristics. Thus, base oil characters must encounter all performance demands, allowing formulators to create distinguished compressor lubricants that improve performance and lessen environmental impact.
According to AMA, the Global Compressor Oil market is expected to see growth rate of 5.8% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Compressor Oil market throughout the predicted period.
Royal Dutch Shell PLC (The Netherlands), ExxonMobil Corporation (United States), British Petroleum Plc (United Kingdom), Chevron Corporation (United States), Total SA (France), Sinopec Limited (China), Lukoil (Russia), Indian Oil Corporation Ltd. (India), Fuchs Group (Germany) and Idemitsu Kosan Co. Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are The Dow Chemical Co. (United States), Sasol Limited (South Africa), BP plc (United Kingdom) and The Lubrizol Corporation (United States).
Segmentation Overview
The study have segmented the market of Global Compressor Oil market by Type (Dynamic Compressor (Centrifugal Compressor, Axial Compressor) and Positive Displacement Compressor (Rotary Screw Compressor, Reciprocating Compressor)), by Application (Gas Compressor and Air Compressor) and Region with country level break-up.
On the basis of geography, the market of Compressor Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Growth Drivers:
Massive Industrial Growth in APAC and the Middle East & Africa, Growing Demand for High-Quality Compressor Oil and Rise in Automation in Various Industries
Restraints:
Technological Advancements and Oil Rejuvenation
Opportunities:
Development of Zinc-Free (Ash less) Compressor Oils and Emerging Demand From Economies
On 1 Aug 2016, FUCHS, a leading lubricants manufacturer acquired ULTRACHEM INC. The Delaware-based company is best known as producer and marketer of specialty synthetic lubricants for the compressor OEM and industrial maintenance markets for over forty years.
Key Target Audience
Compressor Oil Vendors, Compressor Oil Suppliers, Compressor Oil Distributors, Compressor Oil Regulatory & Government Bodies and Downstream Vendors
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.