© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Compressor Oil Market to reach $6.5bn by 2025: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Global Market Insights, Inc. says Compressor Oil Market to surpass USD 6.5 billion by 2025; driven by rising demand for air compressors in the industrial sector. Robust industrial development activities in emerging nations have boosted demand for various compressors across the globe. This has subsequently propelled the growth of compressor oils in a positive direction as these are used to provide resistance to wear, tear, oxidation and to control varnish/carbon creation.Compressor Oil Market  Developing countries such as India, Malaysia, and Thailand, are among top 30 countries in world bank’s ease of doing business list. Implementation of favorable policies and availability of affordable labor are the main reasons that these countries have become favorite destinations for investments in the general manufacturing sector. The increasing dependence of the industries on compressed air for controlling instruments, providing breathable air in the plant, as well as in different manufacturing processes such as painting, sandblasting, etc. will enhance the compressor demand, and thus the compressor oil market.  Substantial growth in mining, construction & infrastructure sector is also a prime factor which is giving an up thrust to compressor oil market. The product is used in various portable compressors in applications such as rock bolting, vertical drilling, anchoring, grouting, soil nails, shotcreting, etc. The use of compressor oil is necessary for smooth operation of these machineries in such harsh environments. Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Compressor oils are majorly formed from petroleum derivatives, which are sensitive to price change. This volatility poses challenges for manufacturers to maintain constant profit margins. This factor will hinder the product market growth rate in near future.  On the basis of base oil, the compressor oil market is segmented into mineral, synthetic and others. The others segment includes semi-synthetic and bio-based oils. The mineral oil segment is expected to witness growth rate of around 2% over the forecast timeframe. These oils are used in applications where there are excessive levels air contamination and acid gases that can accumulate in fluid and cause corrosion in compressors. Mineral compressor oils provide excellent oxidation resistance.  Based on compressor type, the compressor oil market is segmented into rotary screw, reciprocating, centrifugal and other compressor types. The others include rotary scroll, axial, straight lobe and rotary vane compressors. Among these the rotary screw compressor segment is likely to witness robust growth rate over forecast time period and will exceed USD 3.5 billion by Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Compressor Oil Market Revenue, By End-use (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Industry Coverage

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Compressor oils have end-use applications in various sectors such as general manufacturing, construction & infrastructure, food & beverage, mining, chemical, power generation and others. The others segment consists of refrigeration, agriculture, healthcare, etc. Improving standard of living has stimulated the demand for convenience food, propelling the food & beverage sector. Induction of food grade oils in order to minimize contamination of food product is a key step to cater the concern of food & beverage sector. This sector shows a substantial growth rate and will garner more than USD 600 million by  On the basis of region Asia Pacific holds the largest share in the compressor oil market due to significant presence of various end-use industries. Besides this, North America and Europe shows a sluggish growth rate due to increasing usage of synthetic compressor oils, which have longer lifespan thus reducing the oil change intervals and maintenance cost.  Some of the key players in the market are Ingersoll Rand, Total S.A., Gardner Denver, Fuchs Group, Atlas Copco, Exxon Mobil Corporation, Chevron Corporation, Sasol Limited, The Dow Chemical Company, British Petroleum, BASF SE, Indian Oil Corporation, etc. Continue…

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