In a recently published report, Global Compressor Oil Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Compressor Oil Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global compressor oil market is valued approximately USD 10 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 5.8 % over the forecast period 2018-2025. Compressor oils are the formulated fluids used for providing lubrication to the functional parts of any compressor. These are responsible for improving the overall performance of compressors, serves as a sealant, reduces the deposition of harmful compounds, acts as protective surface film for reducing friction, absorbs the heat produced while compression by acting as direct contact coolant. Using compressor oil is beneficial as it imparts high film strength, corrosion resistance, reduces the energy consumption to grater extent and offers synthetic solvency.
Increasing demand of compressor oil from various end-use industries including oil & gas, chemicals & petrochemicals, general manufacturing is primarily driving the global compressor oil market over the forecast years. Rapid industrialization across various regions have resulted in growing end-use industries imparting growth to the market. For instance, as per U.S. Energy Information Administration, oil production of U.S. in 2018 would reach 10.0 million barrels per day (bpd). On the other hand, recent technological advancement associated with oil rejuvenation techniques may hinder the market growth during the forecast period.
The regional analysis of global compressor oil market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising demand of compressor oil in aerospace industry. Europe also contributes a satisfactory growth in the global compressor oil market due to increasing demand of various chemicals on a large scale. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to growth in chemical manufacturing industries in developing countries such as India, China and Japan.
The major market player included in this report are:
• Exxonmobil Corporation
• Royal Dutch Shell Plc
• Chevron Corporation
• British Petroleum (BP) P.L.C
• Total Sa
• LUKOIL
• Sinopec Limited
• Idemitsu Kosan Co. Ltd
• FUCHS Group
• Morris Lubricants
• Addinol Lube Oil GmbH
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Compressor Type:
 Positive Displacement Compressor
 Dynamic Compressor
By Application:
 Air Compressor
 Gas Compressor
By Base-Oil:
 Mineral Oil
 Synthetic Oil
 Semi-Synthetic Oil
 Bio-Based Oil
By End-Use Industry:
 Oil & Gas
 Construction
 General Manufacturing
 Mining
 Power Generation
 Chemicals & Petrochemicals
 Others
By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Compressor Oil Market in Market Study:
 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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