Market Synopsis:
Compressor Oil Market due to developing construction, metal mining, and energy sector. The low-cost labor, availability of raw material, and favorable regulations expected to shift the European and American giant players production facility to Asian countries, especially in China, India, and Indonesia. The market has immense growth of opportunity to increase the end use of applications in different sectors. China and India are the major consumers of the product in the region and is expected to lead the market over next decade.
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Competitive Analysis:
Some of the prominent players in the Global Compressor Oil Market are
- Exxonmobil Corporation (US)
- Sinopec Limited (China)
- Royal Dutch Shell PLC (Netherlands)
- BP PLC (UK)
- Total S.A (France)
- Chevron Corporation (US)
- Croda International PLC (UK)
- Fuchs Petrolub AG (Germany)
- BASF SE (Germany)
- Sasol Limited (South Africa)
- Lukoil (Russia)
- Indian Oil Corporation Ltd (India)
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Market Segmentation:
The global compressor oil market has been segmented on the basis of compressor types, base oil, application, and region.
By compressor types, the global compressor oil market has been divided into reciprocating compressor, sliding vane compressor, centrifugal compressor, screw (helical lobe) compressor, and rotary lobe compressor. screw (helical lobe) compressor and roatry lobe compressor accounted for the major demand for the product due to high performance fluid and offer super anti-rust protection.
Based on base oil, the global compressor oil market has been categorized as synthetic oil, semi-synthetic oil, mineral oil, and bio-based oil. Synthetic oil leading the demand in compressor industry due to beneficial properties and longer time durability.
Based on application, the global compressor oil market has been segmented as petrochemical manufacturing, construction hydraulics and mining equipment, oil & gas machinery, automotive engines, power generation, and food & beverage machines among others. construction hydraulics and mining equipment accounted for the largest market demand and is projected to lead the market growth over the assessment period. Infrastructural development and mining extraction increase the demand for hydraulic machines owing to the increase of compressor oil.
Regional Analysis:
Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five key regions studied for the global compressor oil market. In 2017, Asia-Pacific accounted for the largest market share of the global compressor oil market. China is the leading producer and consumer of the product. Sinopec is one of the largest Chinese producers of the product which supply across the country to fulfill the customer demand. India is considered to be the fastest growing nation in rising the demand for the product during the forecast period.
North America and Europe are the other significant regional markets for compressor oil. Long–term investments and development of high–grade compressor oil are the major driving factors in this region.
List of Tables:
Table 1 Global Compressor Oil Market: By Region, 2016−2023
Table 2 North America: Compressor Oil Market, By Country, 2016−2023
Table 3 Europe: Compressor Oil Market, By Country, 2016−2023
Table 4 Asia-Pacific: Compressor Oil Market. By Country, 2016−2023
Table 5 Middle East & Africa: Compressor Oil Market, By Country, 2016−2023
Table 6 Latin America: Compressor Oil Market, By Country, 2016−2023
Table 7 Global Compressor Oil Market Compressor Types Market, By Regions, 2016−2023
To Be Continue……
List of Figures:
FIGURE 1 Global Compressor Oil Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis Of Global Compressor Oil Market
FIGURE 4 Value Chain Of Global Compressor Oil Market
FIGURE 5 Global Compressor Oil Market, 2016−2023, By Country, 2017
FIGURE 6 Share Of Global Compressor Oil Market, By Country, 2016−2023
FIGURE 7 Global Compressor Oil Market Size, By Compressor Types, 2017
To Be Continue….
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