Compressor Oil Market trends – Industry Forecast till 2024

1
Compressor Oil Market outlook with industry
review and forecasts
2
Global Market Scenario of Compressor Oil Industry

• Mineral oils are mixture of hydrocarbons, derived
  from crude oils through distillation, cracking
  and solvent extraction techniques. It is
  available throughout the world at reasonable
  prices. Conventional mineral oil often fails to
  meet the requirement during low or high
  temperatures whereas synthetic oil offers better
  performance at extreme temperatures. Synthetic
  oil is a preferred choice for lubricating cargo
  gas compressors. It is a complex mixture of
  hydrocarbon which is comparatively expensive than
  mineral oil.
• Compressor Oil Market size is likely to grow with
  prominent CAGR during the forecast timespan.
  Compressor oil is used in rotary vane and screw
  compressors. The main function of compressor oil
  is to enhance the operating power of air
  compressors by using splash lubrication
  technique. In this technique, the oil is thrown
  to the cylinder and bearings of the machine which
  helps to lubricate the machine making it more
  efficient than usual. It is significantly used
  for lubrication, sealing and eliminating heat.
  The properties of oil compressors are chemical
  stability, viscosity, and dielectric strength
  moisture. It is majorly categorized as mineral
  and synthetic oil.

3
Continue

• Increasing application of oil compressors in
  automotive, power generation and oil gas
  industries shall accelerate the product demand
  over the next few years. For instance,
  reciprocating air compressors, centrifugal
  compressor, gas compressors are used in oil gas
  industry for petroleum refining, petrochemical
  synthesis, pipeline transportation, gas
  injection, etc. To meet the consumer demand for
  energy sources with growing needs for petroleum
  products, oil compressor has become an essential
  element in oil gas industry.
• Screw compressor can withstand extreme weather
  conditions and fluctuations and delivers
  consistent output during harsh weather. It is
  significantly used for industrial applications
  owing to its simple maintenance system, minimum
  heat generation, light portable mechanism, less
  noise explosion and ability to function at rough
  tough weather. Increasing demand for screw
  compressors in end-user industries will
  positively influence the compressor oil market
  during the forecast timeframe.
• Global compressor oil market leaders are
  investing in RD activities to improve oil free
  compressor energy efficiency. Due to
  environmental concerns regarding petrochemical
  based products and stringent regulations devised
  on manufacturing handling process of oil
  compressor, bio-based oil compressors have
  started gaining attention across the globe.

4
Market research reports Key analytical
components
5
Regional Insights

• North America holds huge potential for overall
  compressor oil market size growth in the coming
  years. Growing demand in U.S. oil gas industry
  is likely to propel regional product revenue by
  2024. Asia Pacific shall be the fastest growing
  segment with significant CAGR owing to rising
  demand for automotive, manufacturing and power
  generation industries. Further, government
  initiative towards implementing energy competent
  techniques shall accelerate product demand in the
  region.
• End-user segment comprises of manufacturing, oil
  gas, power and automotive. Oil gas segment is
  growing with a significant CAGR owing to growing
  compressor application for petroleum products
  processing. Automotive and power segment shall
  grow moderately, whereas manufacturing segment
  has witnessed exponential demand in recent years
  owing to surging need for energy efficient
  techniques.

6

Latest Research Report On Compressor Oil Market _at_
https//bit.ly/2uiUTjC Request Table of
Contents of this report_at_ https//bit.ly/2L09ebT
For Customization in this report click _at_
https//bit.ly/2ulkMiT
7
Stay In Touch You can visit us at
www.gminsights.com
Thank You