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The growth of the compressor oil market is forecasts to USD 6.5 billion by 2025

Author : Ravi Chawat | Published Date : 2020-09-29 

According to a new report by Global Market Insights, Inc., the compressor oil market revenue is expected to be valued at over $6.5 billion by 2025. One of the key factors driving compressor oil market trends is the widespread utilization air compressors in the manufacturing segment combined with consistent technological advances.

The World Bank’s ease of doing business index features developing economies like Malaysia, India and Thailand among the top 30 countries across the globe, for extensive investments in the general manufacturing industry ascribed to adoption of favorable measures and the availability of inexpensive labor sources.

The industry's growing reliance on compressed air for managing tools, offering clean air in the plant, and also in various industrial procedures such as painting, sandblasting, among others, will increase the demand for compressors and thus augment the compressor oil market expansion.

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

The compressor oil market is segregated into rotary, reciprocating, centrifugal and others based on compressor type. The rotary screw compressor type accounted for the majority market share in 2018 in terms of quantity, owing to this segment's popularity in the numerous industrial processes combined with the increased use of lubrication in screws, velocity gears and thrust & radial roller bearings.

The rotary screw segment is expected to grow at a dynamic rate over the projected period, surpassing $3.5 billion by 2025. The introduction of a new range of energy-efficient, cost-effective rotary screw compressors designed by Kaesar Kompressoren are also expected to drive up product demand, thereby propelling the compressor oil market growth.

The use of compressor oils in myriad application sectors including manufacturing, chemical, energy, agriculture, healthcare, food & beverage and mining among others will significantly expedite the compressor oil market growth.

Improved living standards have spurred demand for processed food, bolstering the food & beverage industry. Induction of food grade oils to mitigate food product contamination is a vital step in addressing the food & beverage industry's concerns. 

The compressor oil market from food and beverage application sector is expected to show substantial gains over the forecast duration, with a projected revenue worth over $600 million by 2025.

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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

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