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Compressor Oil Market Future Challenges and Industry Growth Outlook by 2019-2025

Author : Ronak Bora | Published Date : 2019-08-06 

One of the chief drivers of growth of compressor oil market is the extensive use of air compressors in manufacturing sector coupled with the ongoing technological advancements in the industry. Air compressors are widely used as a source of compressed air for welding & cutting equipment, metal finishing and sandblasting, to operate air tools for production lines, adjusting feed and roller machinery, piece ejection from molds, etc. Developing countries like China and India have witnessed a tremendous growth in the manufacturing sector owing to the favorable government policies, availability of raw material, comparatively cost-effective labor and foreign investments. In addition to this, the manufacturing companies are more emphasizing on reliability, speed and efficiency due to increasing population and are also focusing on the revision of their supply chain management to make it eco-friendlier and more adaptive.

The technological advancement in the compressor industry to move towards more energy efficient solutions will also prosper the product demand. For instance, Kaesar Kompressoren redesigned and launched a new series of rotary screw compressors which are highly energy efficient, resulting in reduced energy cost and life cycle cost. Such innovations will also drive the demand of air compressors, which will augment the growth of compressor oil market. However, raw material price fluctuation might hamper the growth of industry during the forecast timeframe.

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The escalating growth of compressor oil market can be attributed to the high-performance lubrication benefits provided by the product. Its properties such as excellent oxidation performance, resistance to rust and corrosion, wear protection, foam control, and rapid water separation expands the product’s area of usage to manufacturing, power generation, automobile, mining etc., augmenting compressor oil market share.

The revenue portfolio of compressor oil market is likely to gain traction owing to expansive product demand from mining applications in particular. The product finds usage in a number of portable compressors that are massively deployed for operations such as vertical drilling, soil nails, rock bolting, shotcreting, anchoring, grouting, and more, given the necessity for smooth compressor operations.

The rising efforts to enhance mining capacity will drive compressor oil market share. The National Mineral Development Corporation (NMDC) for example, last year, announced that it plans to increase the iron ore production capacity to 50 million tons by 2019-20, by forming a joint venture with Chhattisgarh Mineral Development Corporation (CMDC) named NCL. Compressor oil market will gain a fair advantage from mining sector via such operational tactics in the coming years.

On the basis of end-use, compressor oil market is classified into food & beverage, infrastructure & construction, power generation, mining, general manufacturing, chemical and others which include agriculture, healthcare, household, etc. The chemical segment will have significant market share due to many applications of compressor oil in material handling and process air.

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Asia Pacific dominates the global compressor oil market owing to the presence of rapidly growing end-user industries. North America region will have significant market share owing to the presence of mature manufacturing industry and increasing oil & gas exploration activities in the region.

Compressor oil industry share is extremely competitive, with numerous players. The main players include Atlas Copco, Gardner Denver, Chevron Corporation, BASF SE, Ingersoll Rand, Indian Oil Corporation, Fuchs Group, Sasol Limited, Exxon Mobil Corporation, British Petroleum and others.

Glimpse of Table of Content (ToC)

Chapter 3 Global Dill Seed Oil Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2014 – 2025

3.3 Industry ecosystem analysis

3.3.1 Vendor Matrix

3.3.2 Distribution channel analysis Distributors

3.4 Regulatory landscape

3.4.1 U.S.

3.4.2 Europe

3.5 Raw material analysis

3.6 Technology landscape

3.7 Pricing analysis

3.7.1. Anethum Graveolens Seed Oil

3.7.2. Anethum Sowa Seed Oil

3.8 Production Cost Analysis

3.9 Industry impact forces

3.9.1 Growth Drivers North America Europe Asia Pacific

3.9.2 Industry pitfalls & challenges

Innovation & sustainability

3.11 Growth potential analysis, 2018

3.11.1 Emerging business model Acquisition/ Merger Technology upgradation

3.12 Porter’s analysis

3.13 Competitive landscape, 2018

3.13.1 Company market share analysis, 2018 Company market share analysis, by type, 2018

3.13.2 Strategy dashboard

3.14 PESTEL analysis

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

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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