There were 1,603 press releases posted in the last 24 hours and 241,754 in the last 365 days.
Increasing demand for compressor oil in the manufacturing sector to mainatin operational efficiency of compressors is driving market revenue growth
NEW YORK CITY, NEW YORK, UNITED STATES, September 15, 2022 /EINPresswire.com/ -- The global compressor oil market size is expected to reach USD 17.04 Billion in 2028 and register a revenue CAGR of 5.3% over the forecast period, according to latest report by Reports and Data. Increasing use of compressors and in turn, compressor oil in the manufacturing sector is driving market revenue growth. Compressor oil helps in maintaining efficiency and productivity of compressors, along with ensuring long serviceability.
Compressed air is used in industries for various operations, such as powering pneumatic tools, conveyors, and packaging & automation equipment. Pneumatic tools are usually lighter, smaller, and they do not get damaged by overloading. They are also more maneuverable compared to electricity-based tools. Various manufacturing facilities use compressed air and gases for process operations, including oxidation, fractionation, cryogenics, refrigeration, filtration, dehydration, and aeration, along with combustion. In general manufacturing facilities, industrial air compressors are deployed to do clamping, stamping, tool powering, and cleaning, among various other tasks.
Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/1771
Top Companies: Royal Dutch Shell PLC, Exxon Mobil Corporation, BP PLC, Chevron Corporation, BASF SE, Sasol Limited, Croda International PLC, Dow, TotalEnergies, and China Petrochemical Corporation.
Some Key Highlights from the Report:
Demand for mineral-based compressor oil can be attributed to its low cost. Mineral-based compressor oil is generally suggested for use in compressors that do not have continuous use, or for residential applications where load on the compressor is relatively less.
The compressor oil market in Asia-Pacific accounted for largest revenue share in 2020 and is expected to register the fastest revenue CAGR over the forecast period, owing to rising demand for compressor oil from automotive, oil & gas, construction, and petrochemical industries. In addition, presence of leading market players like Idemitsu Kosan Co. Ltd. and China Petrochemical Corporation is supporting market revenue growth.
In October 2021, EnPro Industries, Inc., an industrial technology firm, made announcement about the sale of its Compressor Products International (CPI) business segment to Howden Group, which is involved in providing mission critical air & gas handling products and services.
To know more about the report: https://www.reportsanddata.com/report-detail/compressor-oil-market
Compressor Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018–2028)
Positive Displacement Type Reciprocating Type Rotary Screw Type Others Dynamic Type Radial Flow Type Axial Flow Type
Base Oil Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018–2028)
Synthetic Oil Mineral Oil Bio-based Oil
Industry Vertical Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018–2028)
Manufacturing Oil & Gas Automotive Construction Power Generation Others
North America U.S. Canada Mexico Europe Germany U.K. Italy France BENELUX Rest of Europe Asia Pacific China India Japan South Korea Rest of APAC Latin America Brazil Rest of LATAM Middle East & Africa Saudi Arabia U,A.E. South Africa Rest of MEA
To Get Insights Speak to Analyst: https://www.reportsanddata.com/inquiry-before-buying/1771
Key questions covered in the global Compressor Oil market report:
What is the expected market size of the global Compressor Oil market during the forecast period? What factors are expected to hamper global Compressor Oil market growth over the forecast period? What key factors are expected to drive global revenue growth between 2021 and 2028? Which application segment is expected to dominate other application segments over the forecast period? Which region is expected to dominate in terms of revenue during the forecast period? What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis? Which leading players are operating in the global Compressor Oil market?
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1771
Thank you for reading the report. Kindly contact us to know more about the customization plan that we offer as per client requirement. Our team will ensure that the report is well suited as per your requirement.
Automotive Silicone Market https://www.reportsanddata.com/report-detail/automotive-silicone-market Polyurethane (PU) Films Market https://www.reportsanddata.com/report-detail/polyurethane-pu-films-market Elastomeric Sealants Market https://www.reportsanddata.com/report-detail/elastomeric-sealants-market
About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Nikhil Morankar Reports and Data + 12127101370 email us here Visit us on social media: Facebook Twitter LinkedIn
EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.
© 1995-2022 Newsmatics Inc. dba EIN Presswire All Right Reserved.