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Compressor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

January 2023 | 110 pages | ID: CB1B701DD888EN
IMARC Group

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The global compressor oil market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.05% during 2023-2028.

Compressor oil is a lubricant used for reducing heat and cooling down the compressors in air conditioning and refrigeration systems. It ensures the proper functioning of the metal components and improves machinery performance with its anti-rust properties. Compressor oil also has exceptional oxidation stability and leaves a low carbon residue that reduces the operation and maintenance costs for the user. It is manufactured using a combination of base oil and various other additives. The type of base oil used, such as synthetic, mineral, semi-synthetic and bio-based, determines the quality and longevity of the compressor oil. With cost- and energy-saving properties, it finds extensive applications in various industries ranging from construction, general manufacturing, mining, power generation, chemical and petrochemical, etc.

The need for cost optimization is one of the key factors driving the market growth. Compressor oil assists in heat dissipation and maintaining the temperature of the compressor. This subsequently leads to reduced wear and tear of the compressor and aids in its smooth operation, thereby helping manufacturers to avoid high repair costs. Furthermore, significant growth in the heating, ventilation, and air conditioning (HVAC) industry along with the establishment of cold chain facilities, particularly in the developing regions, is also augmenting the demand for compressor oil. Other factors such as increasing investments in research and development (R&D) activities to develop improved product variants, such as environment-friendly compressor oil, are also favoring the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global compressor oil market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on compressor type, base oil, application and end use industry.

Breakup by Compressor Type:

Positive Displacement Compressor
Dynamic Compressor

Breakup by Base Oil:

Synthetic Oil
Mineral Oil
Semi-Synthetic Oil
Bio-Based Oil

Breakup by Application:

Gas Compressor
Air Compressor

Breakup by End Use Industry:

General Manufacturing
Construction
Oil and Gas
Mining
Chemical and Petrochemical
Power Generation
Others

Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Royal Dutch Shell PLC, ExxonMobil Corporation, BP International Limited, Chevron Corporation, Total S.A., Sinopec Group, The PJSC Lukoil Oil Company, Indian Oil Corporation Ltd., The Fuchs Group, Idemitsu Kosan Co. Ltd., Petroliam Nasional Berhad (Petronas), DuPont de Nemours, Inc. (DuPont), Croda International PLC., Sasol Limited, The Phillips 66 Company, Bel-Ray Company LLC., Morris Lubricants Limited and Penrite Oil Company.

Key Questions Answered in This Report
1. What was the size of the global compressor oil market in 2022?
2. What is the expected growth rate of the global compressor oil market during 2023-2028?
3. What are the key factors driving the global compressor oil market?
4. What has been the impact of COVID-19 on the global compressor oil market?
5. What is the breakup of the global compressor oil market based on the compressor type?
6. What is the breakup of the global compressor oil market based on the application?
7. What are the key regions in the global compressor oil market?
8. Who are the key players/companies in the global compressor oil market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL COMPRESSOR OIL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Compressor Type
5.5 Market Breakup by Base Oil
5.6 Market Breakup by Application
5.7 Market Breakup by End Use Industry
5.8 Market Breakup by Region
5.9 Market Forecast

6 MARKET BREAKUP BY COMPRESSOR TYPE

6.1 Positive Displacement Compressor
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Dynamic Compressor
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY BASE OIL

7.1 Synthetic Oil
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Mineral Oil
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Semi-Synthetic Oil
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Bio-Based Oil
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Gas Compressor
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Air Compressor
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY END USE INDUSTRY

9.1 General Manufacturing
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Construction
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Oil and Gas
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Mining
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Chemical and Petrochemical
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Power Generation
  9.6.1 Market Trends
  9.6.2 Market Forecast
9.7 Others
  9.7.1 Market Trends
  9.7.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 Asia Pacific
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Europe
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 North America
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Middle East and Africa
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Latin America
  10.5.1 Market Trends
  10.5.2 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Royal Dutch Shell PLC
  15.3.2 ExxonMobil Corporation
  15.3.3 BP International Limited
  15.3.4 Chevron Corporation
  15.3.5 Total S.A.
  15.3.6 Sinopec Group
  15.3.7 The PJSC Lukoil Oil Company
  15.3.8 Indian Oil Corporation Ltd.
  15.3.9 The Fuchs Group
  15.3.10 Idemitsu Kosan Co. Ltd.
  15.3.11 Petroliam Nasional Berhad (Petronas)
  15.3.12 DuPont de Nemours, Inc. (DuPont)
  15.3.13 Croda International PLC.
  15.3.14 Sasol Limited
  15.3.15 The Phillips 66 Company
  15.3.16 Bel-Ray Company LLC.
  15.3.17 Morris Lubricants Limited
  15.3.18 Penrite Oil Company

LIST OF TABLES

Table 1: Global: Compressor Oil Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Compressor Oil Market Forecast: Breakup by Compressor Type (in Million US$), 2023-2028
Table 3: Global: Compressor Oil Market Forecast: Breakup by Base Oil (in Million US$), 2023-2028
Table 4: Global: Compressor Oil Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Compressor Oil Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 6: Global: Compressor Oil Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Compressor Oil Market Structure
Table 8: Global: Compressor Oil Market: Key Players

LIST OF FIGURES

Figure 1: Global: Compressor Oil Market: Major Drivers and Challenges
Figure 2: Global: Compressor Oil Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Compressor Oil Market: Breakup by Compressor Type (in %), 2022
Figure 4: Global: Compressor Oil Market: Breakup by Base Oil (in %), 2022
Figure 5: Global: Compressor Oil Market: Breakup by Application (in %), 2022
Figure 6: Global: Compressor Oil Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Compressor Oil Market: Breakup by Region (in %), 2022
Figure 8: Global: Compressor Oil Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Compressor Oil Industry: SWOT Analysis
Figure 10: Global: Compressor Oil Industry: Value Chain Analysis
Figure 11: Global: Compressor Oil Industry: Porter’s Five Forces Analysis
Figure 12: Global: Compressor Oil (Positive Displacement Compressor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Compressor Oil (Positive Displacement Compressor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Compressor Oil (Dynamic Compressor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Compressor Oil (Dynamic Compressor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Compressor Oil (Synthetic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Compressor Oil (Synthetic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Compressor Oil (Mineral) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Compressor Oil (Mineral) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Compressor Oil (Semi-Synthetic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Compressor Oil (Semi-Synthetic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Compressor Oil (Bio-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Compressor Oil (Bio-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Compressor Oil (Gas Compressor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Compressor Oil (Gas Compressor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Compressor Oil (Air Compressor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Compressor Oil (Air Compressor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Compressor Oil (General Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Compressor Oil (General Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Compressor Oil (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Compressor Oil (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Compressor Oil (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Compressor Oil (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Compressor Oil (Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Compressor Oil (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Compressor Oil (Chemical and Petrochemical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Compressor Oil (Chemical and Petrochemical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Compressor Oil (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Compressor Oil (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Compressor Oil (Other Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Compressor Oil (Other Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Asia Pacific: Compressor Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Asia Pacific: Compressor Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Europe: Compressor Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Europe: Compressor Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: North America: Compressor Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: North America: Compressor Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Middle East and Africa: Compressor Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Middle East and Africa: Compressor Oil Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Latin America: Compressor Oil Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Latin America: Compressor Oil Market Forecast: Sales Value (in Million US$), 2023-2028


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