The global compressor oil market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing use of compressor oil in power generation, automotive, and oil & gas industry is expected to drive revenue growth of the global compressor oil market. The global compressor oil market report has been segmented on the basis of compressor, base oil, end-use industries, and region.

On the basis of compressor, the global target market has been segmented into positive displacement, dynamic compressor, reciprocating compressor, rotary screw compressor, and centrifugal compressor. The dynamic compressor segment is expected to grow at a moderate rate over the forecast period. The dynamic compressor type includes centrifugal and axial compressors.

On the basis of base oil, the global market has been segmented into synthetic semi-synthetic, mineral compressor oil, and bio-based compressor oil. The bio-based compressor oil segment is projected to grow at a higher rate in the global compressor oil market over the forecast period, owing to its environment-friendly features.

On the basis of end-use industries, the global compressor oil market has been segmented into manufacturing, oil & gas, automotive, power, and others (Construction & mining equipment and food & beverage). The oil & gas segment is expected to grow at a steady rate over the forecast period. Growing demand for compressor oil for processing of petroleum products is expected to support revenue growth of this segment over the forecast period.

Request For The Sample Report Here: https://marketresearch.biz/report/compressor-oil-market/request-sample/

On the basis of region, the global compressor oil market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America compressor oil market is expected to grow at a steady rate over the forecast period. Growing end-use industries such as automotive and manufacturing in the region are expected to support revenue growth of the target market in North America.

Key players operating in the global compressor oil market include Chevron Corporation, BASF SE, Exxon Mobil Corporation, BP PLC., Total S.A., Sasol Limited, China Petroleum & Chemical Corporation, Croda International PLC, The Dow Chemical Company, and Indian Oil Corporation Ltd.

 

Leave a Reply

Your email address will not be published. Required fields are marked *