The Compressor Oil Market deals with the development and manufacture of lubricants which ensure the conversion of power into potential energy takes place smoothly. Nearly every compressor manufacturer utilizes air compressor oil to enhance the effective performance of the an industrial compressor, and to prolong its operation life significantly.
Over the years, the Compressor Oil Market has undertaken numerous R&D efforts to develop the most optimal air compressor lubricants possible. The primary objective of synthetic compressor oil is to lubricate the entire compressor system so that it can operate in a more powerful manner. Depending on the compressor oil type, the compressor filter also plays a part in removing the likelihood of formation of harmful deposits, absorb the heat produced during compression, and reduce the effect of friction.
Scope & Regional Forecast of the Compressor Oil Market
The Compressor Oil Market has managed to create a space for itself in several industrial sectors like chemical, power and energy, aerospace and construction. The prime growth drivers are expected to be: rapid growth being experienced by the manufacturing sector in the Asia-Pacific region; rising demand for automobiles in countries like India and China; and the gradually rising focus on industrial growth in Africa as well as the Middle-East.
Currently, Asia-Pacific holds the highest share in the Compressor Oil Market whereas Middle East & Africa are predicted to register high growth numbers during the next 5-10 years. The rapid industrialization is expected to drive the Asia-Pacific region to post the highest growth in demand during the forecast period.
Segmentations & Key Players Involved in the Compressor Oil Market
According to IndustryARC findings, the Compressor Oil Market can be broken down into various segmentations on the basis of –
Compressor Type: Positive Displacement Compressor (Rotary Screw Compressor, Reciprocating Compressor) and Dynamic Compressor (Centrifugal Compressor, Axial Compressor).
Base Oil Type: Synthetic Compressor oil (Polyalphaolefin, Polyalkylene Glycol, Esters), Semi-Synthetic Compressor Oil, Mineral Compressor Oil and Oil-based Compressor Oil.
Application: Manufacturing (Chemicals & Petrochemicals, Construction & Mining Equipment, Metal Production, Food & Beverage), Oil & Gas, Power, Automotive and Others.
Geographical Location: North America, Asia-Pacific, Europe, Latin America and Rest of the World.
Some of the key players involved in the Compressor Oil Market according to IndustryARC are as follows:
- Royal Dutch Shell PLC.
- Exxonmobil Corporation
- The Dow Chemical Company
- Croda International PLC.
- Chevron Corporation
Avail Sample Brochure @ http://industryarc.com/pdfdownload.php?id=15562