News Contact Us

Compressor Oil Market by Base Oil, Application, End-Use Industry - Global Forecast to 2027

Author : Ravi Chawat | Published Date : 2021-07-14 

The compressor oil market is projected to witness robust growth by 2027, recording a sizable CAGR over the forecast period. Increasing demand for compressor oils in several end-use industries, particularly in the construction sector and consumer products, such as household appliances, is expected to foster market outlook over the analysis timeframe.

Compressor oils are lubricants that are primarily used in mechanical devices where the oil helps reduce the volume and enhance the pressure of gases for use in various applications. These oils constitute of petroleum-based mineral oils or synthetic materials, including esters, poly-α-olefins, and polyalkylene glycols.

In home appliances, compressor oil is particularly crucial in air conditioning systems that use compressors in the compression system. Compressor oils serve three main purposes in these systems, viz., lubrication, sealing, and heat removal.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/2557

The compressor oil market has been segmented based on compressor type, base oil, end-use, and region. Based on compressor type, the market has been categorized into reciprocating, centrifugal, rotatory screw, and others.

The others sub-segment is projected to exhibit steady growth at a CAGR of 2.0% through the assessment period owing to widescale applications of other compressor technologies, such as scroll, liquid piston axial, and straight lobe compression.

In terms of end-use, the compressor oil market has been bifurcated into general manufacturing, food & beverage, construction, mining, power generation, chemical, and others.

The construction sub-segment is anticipated to witness substantial growth through the assessment period owing to surging product application in the construction industry. Most manufacturing facilities utilize compressed gas systems for a plethora of wide-ranging applications.

Get Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/compressor-oil-market

In order to keep the entire operation running, it is vital that these air compressors remain operational. Compressors typically require some type of lubricant to seal, lubricate, or cool internal components.

Effective lubrication helps continual operation of equipment, thereby preventing the plant from incurring any costly downtime or repairs. Moreover, proper lubrication with compressor oils also help compressors consume less power and run cooler.

The construction sector employs air compressors to power pneumatic tools and drilling equipment. Subsequently, there is significant product demand across the construction industry, which is foreseen to boost segmental growth in the future.

Meanwhile, the others sub-segment is estimated to grow at a CAGR of 2.5% over 2021 and 2027. Other end-uses of compressor oils include home appliances, such as refrigeration & freezing units. Growing urban population is expected to boost product demand, thereby fostering industry growth in the forthcoming years.

Browse More News:




About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Oxygen Scavengers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2025

Published Date: 2021-08-04         Author: Ravi Chawat

Oxygen Scavenger Market is likely to surpass USD 3 billion by 2025 with a CAGR of 4.8%. Rising need for food preservation and shelf life maintenance is likely to trigger the sales of oxygen scavengers within the forecast period. The popularity of product is rising rapidly owing to its astounding ... Read More

Potassium Tetrafluoroborate Market Size, Trends, Growth Status, Key Players Overview, Price Analysis, Share Estimation and Forecast to 2025

Published Date: 2021-08-04         Author: Ravi Chawat

Potassium Tetrafluoroborate Market may exceed USD 340 million by 2025; according to a new research report. Growing demand for abrasives in various applications including automotive, metal fabrication, machinery and electronics may drive potassium tetrafluoroborate market. The product is widely us... Read More

Europe Polyacrylamide market size to garner momentum through 2026

Published Date: 2021-08-04         Author: Ravi Chawat

Increasing implementation of wastewater treatment facilities due to strong initiatives taken by governments will fuel polyacrylamide market share over the forecast period. Industrial and household sectors have steadily deployed water treatment units to condense wastewater coming collected. Persisten... Read More

© 2021 Fractovia. All Rights Reserved