Market Overview:
The global compressor oil market reached a value of US$ 6.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.92 Billion by 2027, exhibiting at a CAGR of 4.18% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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, along with forecasts at the global and regional level from 2022-2027. 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, etc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Compressor Type, Base Oil, Application, End Use Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered |
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 |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global compressor oil market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global compressor oil industry?
- What has been the impact of COVID-19 on the global compressor oil industry?
- What is the breakup of the market based on the compressor type?
- What is the breakup of the market based on the base oil?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the global compressor oil industry?
- What are the key driving factors and challenges in the global compressor oil industry?
- What is the structure of the global compressor oil industry and who are the key players?
- What is the degree of competition in the global compressor oil industry?
- What are the profit margins in the global compressor oil industry?
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 Figures
Figure 1: Global: Compressor Oil Market: Major Drivers and Challenges
Figure 2: Global: Compressor Oil Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Compressor Oil Market: Breakup by Compressor Type (in %), 2021
Figure 4: Global: Compressor Oil Market: Breakup by Base Oil (in %), 2021
Figure 5: Global: Compressor Oil Market: Breakup by Application (in %), 2021
Figure 6: Global: Compressor Oil Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Compressor Oil Market: Breakup by Region (in %), 2021
Figure 8: Global: Compressor Oil Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 13: Global: Compressor Oil (Positive Displacement Compressor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Compressor Oil (Dynamic Compressor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Compressor Oil (Dynamic Compressor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Compressor Oil (Synthetic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Compressor Oil (Synthetic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Compressor Oil (Mineral) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Compressor Oil (Mineral) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Compressor Oil (Semi-Synthetic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Compressor Oil (Semi-Synthetic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Compressor Oil (Bio-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Compressor Oil (Bio-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Compressor Oil (Gas Compressor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Compressor Oil (Gas Compressor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Compressor Oil (Air Compressor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Compressor Oil (Air Compressor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Compressor Oil (General Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Compressor Oil (General Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Compressor Oil (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Compressor Oil (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Compressor Oil (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Compressor Oil (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Compressor Oil (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Compressor Oil (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Compressor Oil (Chemical and Petrochemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Compressor Oil (Chemical and Petrochemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Compressor Oil (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Compressor Oil (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Compressor Oil (Other Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Compressor Oil (Other Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia Pacific: Compressor Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia Pacific: Compressor Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Compressor Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Compressor Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: North America: Compressor Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: North America: Compressor Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Middle East and Africa: Compressor Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Middle East and Africa: Compressor Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Latin America: Compressor Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Latin America: Compressor Oil Market Forecast: Sales Value (in Million US$), 2022-2027
List of Tables
Table 1: Global: Compressor Oil Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Compressor Oil Market Forecast: Breakup by Compressor Type (in Million US$), 2022-2027
Table 3: Global: Compressor Oil Market Forecast: Breakup by Base Oil (in Million US$), 2022-2027
Table 4: Global: Compressor Oil Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Compressor Oil Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Compressor Oil Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Compressor Oil Market Structure
Table 8: Global: Compressor Oil Market: Key Players