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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Compressor Oil Market: By Oil Type, By Compressor Type, By Application, By End User Industry and Geography
Compressor Oil Market: By Oil Type, By Compressor Type, By Application, By End User Industry and Geography
Compressor Oil Market size was valued at US$ 8.6 billion in 2023, growing at a CAGR of 5.1% from 2024 to 2030. The global market provides a detailed overview of the market, and that can be segmented by Oil Type, Compressor Type, Application, and End User Industry. By oil type, the global compressor oils market has been segmented into Synthetic Oil, Semi-synthetic Oil, Mineral Oil, and Bio-based Oil. The synthetic compressor oils market segment is likely to be the largest and fastest-growing segment in terms of oil type. Based on compressor, the global compressor oils market is segmented into Positive Displacement Compressor and Dynamic Compressor. Among these, the dynamic compressor segment is expected to have the fastest-growing market during the forecast period. Based on application, the global compressor oils market is segmented into Gas Compressor and air Compressor.
The gas compressor segment accounts for the largest share in 2021. The air compressor segment is the second-largest share during the forecast period 2022-2028. Based on the end-user industry, the global compressor oils market is segmented into Chemical and petrochemical, Oil and gas, General Manufacturing, Mining, Construction, Power Generation, and Others. The Chemical and petrochemical segment accounts for the largest share.
Study Period
2024-2030Base Year
2023CAGR
5.1%Largest Market
North AmericaFastest Growing Market
Asia pacific
The main factors propelling the compressor oil market are the rising demand for compressor oils for managing smoother functioning and the significant usage of the product for lowering downtime and machine repair. The compressor oil market is growing due to the use of these lubricants in heat dissipation, controlling equipment temperature, and the fact that heat produced by compressors during operation increases power consumption and machine wear and tear.
Asia pacific is anticipated to have the largest compressor oil market throughout the forecast period due to the rapid development of the manufacturing and construction sectors in growing countries such as China, India, Japan, and South Korea.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 8.6 billion |
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Market CAGR |
5.1% |
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By Oil Type |
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By Compressor Type |
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By Application |
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By End User Industry |
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Download Free Sample Report
The global compressor oil market size was valued at US$ 8.6 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030.
The growth of the compressor oil market is anticipated to be restrained by technical developments and oil rejuvenation
The major key players in compressor oil market are Shell, Exxon Mobil Corporation, BP p.l.c., Chevron Corporation, Total, China Petrochemical Corporation, LUKOIL, Indian Oil Corporation Ltd, FUCHS, Idemitsu Kosan Co. Ltd., Petroliam Nasional Berhad (PETRONAS), Dow, Croda International Plc, SASOL, Phillips 66 Company, Calumet Branded Products, LLC, Morris Lubricants, Penrite Oil, Valvoline LLC, LIQUI MOLY GmbH, Bharat Petroleum Corporation Limited.
| 1. Executive Summary |
| 2. Global Compressor Oil Market Introduction |
| 2.1. Global Compressor Oil Market Taxonomy |
| 2.2. Global Compressor Oil Market Definitions |
| 2.2.1. By Oil Type |
| 2.2.2. By Compressor Type |
| 2.2.3. By Application |
| 2.2.4. By End User Industry |
| 2.2.5. By Region |
| 3. Global Compressor Oil Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Compressor Oil Market Dynamic Factors - Impact Analysis |
| 3.6. Global Compressor Oil Market Competition Landscape |
| 4. Global Compressor Oil Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Compressor Oil Market, By Oil Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Synthetic Oil |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Semi-synthetic Oil |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Mineral Oil |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Bio-based Oil |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Compressor Oil Market, By Compressor Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Positive Displacement Compressor |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Dynamic Compressor |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Compressor Oil Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Gas Compressor |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Air Compressor |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Compressor Oil Market, By End User Industry, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Chemical & Petrochemical |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Oil & Gas |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. General Manufacturing |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Mining |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Construction |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Power Generation |
| 8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.6.3. Market Opportunity Analysis |
| 8.7. Others |
| 8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.7.3. Market Opportunity Analysis |
| 9. Global Compressor Oil Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Compressor Oil Market - Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Region, 2024 - 2030 |
| 10. North America Compressor Oil Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Oil Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Synthetic Oil |
| 10.1.2. Semi-synthetic Oil |
| 10.1.3. Mineral Oil |
| 10.1.4. Bio-based Oil |
| 10.2. Compressor Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Positive Displacement Compressor |
| 10.2.2. Dynamic Compressor |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Gas Compressor |
| 10.3.2. Air Compressor |
| 10.4. End User Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Chemical & Petrochemical |
| 10.4.2. Oil & Gas |
| 10.4.3. General Manufacturing |
| 10.4.4. Mining |
| 10.4.5. Construction |
| 10.4.6. Power Generation |
| 10.4.7. Others |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. USA |
| 10.5.2. Canada |
| 10.6. North America Compressor Oil Market - Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2024 - 2030 |
| 10.7. North America Compressor Oil Market Dynamics Trends |
| 11. Europe Compressor Oil Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Oil Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Synthetic Oil |
| 11.1.2. Semi-synthetic Oil |
| 11.1.3. Mineral Oil |
| 11.1.4. Bio-based Oil |
| 11.2. Compressor Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Positive Displacement Compressor |
| 11.2.2. Dynamic Compressor |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Gas Compressor |
| 11.3.2. Air Compressor |
| 11.4. End User Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Chemical & Petrochemical |
| 11.4.2. Oil & Gas |
| 11.4.3. General Manufacturing |
| 11.4.4. Mining |
| 11.4.5. Construction |
| 11.4.6. Power Generation |
| 11.4.7. Others |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Rest of Europe |
| 11.6. Europe Compressor Oil Market - Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2024 - 2030 |
| 11.7. Europe Compressor Oil Market Dynamics Trends |
| 12. Asia-Pacific Compressor Oil Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Oil Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Synthetic Oil |
| 12.1.2. Semi-synthetic Oil |
| 12.1.3. Mineral Oil |
| 12.1.4. Bio-based Oil |
| 12.2. Compressor Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Positive Displacement Compressor |
| 12.2.2. Dynamic Compressor |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gas Compressor |
| 12.3.2. Air Compressor |
| 12.4. End User Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Chemical & Petrochemical |
| 12.4.2. Oil & Gas |
| 12.4.3. General Manufacturing |
| 12.4.4. Mining |
| 12.4.5. Construction |
| 12.4.6. Power Generation |
| 12.4.7. Others |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. China |
| 12.5.2. India |
| 12.5.3. Japan |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Compressor Oil Market - Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2024 - 2030 |
| 12.7. Asia-Pacific Compressor Oil Market Dynamics Trends |
| 13. Latin America Compressor Oil Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Oil Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Synthetic Oil |
| 13.1.2. Semi-synthetic Oil |
| 13.1.3. Mineral Oil |
| 13.1.4. Bio-based Oil |
| 13.2. Compressor Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Positive Displacement Compressor |
| 13.2.2. Dynamic Compressor |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Gas Compressor |
| 13.3.2. Air Compressor |
| 13.4. End User Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Chemical & Petrochemical |
| 13.4.2. Oil & Gas |
| 13.4.3. General Manufacturing |
| 13.4.4. Mining |
| 13.4.5. Construction |
| 13.4.6. Power Generation |
| 13.4.7. Others |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Rest of Latin America |
| 13.6. Latin America Compressor Oil Market - Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2024 - 2030 |
| 13.7. Latin America Compressor Oil Market Dynamics Trends |
| 14. Middle East and Africa Compressor Oil Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 14.1. Oil Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Synthetic Oil |
| 14.1.2. Semi-synthetic Oil |
| 14.1.3. Mineral Oil |
| 14.1.4. Bio-based Oil |
| 14.2. Compressor Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1. Positive Displacement Compressor |
| 14.2.2. Dynamic Compressor |
| 14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Gas Compressor |
| 14.3.2. Air Compressor |
| 14.4. End User Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Chemical & Petrochemical |
| 14.4.2. Oil & Gas |
| 14.4.3. General Manufacturing |
| 14.4.4. Mining |
| 14.4.5. Construction |
| 14.4.6. Power Generation |
| 14.4.7. Others |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. South Africa |
| 14.5.3. Rest of MEA |
| 14.6. MEA Compressor Oil Market - Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2024 - 2030 |
| 14.7. MEA Compressor Oil Market Dynamics Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. Royal Dutch Shell PLC |
| 15.2.2. ExxonMobil Corporation |
| 15.2.3. British Petroleum Plc |
| 15.2.4. Chevron Corporation |
| 15.2.5. TotalEnergies SE |
| 15.2.6. Sinopec Limited |
| 15.2.7. Indian Oil Corporation Ltd. |
| 15.2.8. Fuchs Group |
| 15.2.9. Croda International PLC |
| 15.2.10. HP Lubricants |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.