Compressor Oils Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Compression Oils Market: By Oil Type (Synthetic Oil, Semi-synthetic Oil, Mineral Oil, Bio-based Oil), By Compressor Type (Positive Displacement Compressor, Dynamic Compressor), By Application (Gas Compressor, Air Compressor), By End User Industry (Chemical & Petrochemical, Oil & Gas, General Manufacturing, Mining, Construction, Power Generation, Others) and Geography

 

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Report

Description

Compressor Oils Market size was valued at USD 8.6 billion in 2021, growing at a CAGR of 5.1% during the forecast period 2022 to 2028. The global market provides a detailed overview of the market, and that can be segmented by Oil Type, by Compressor Type, by Application, and by End User Industry. By oil type, the global compressor oils market has been segmented into Synthetic Oil, Semi-synthetic Oil, Mineral Oil, 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, Dynamic Compressor. Among these, the dynamic compressor segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on application, the global compressor oils market is segmented into Gas Compressor, Air Compressor. The gas compressor segment accounts for the largest share in 2021. Air compressor segment is the second-largest share during the forecast period 2022-2028. Based on end user industry, the global compressor oils market is segmented into Chemical & Petrochemical, Oil & Gas, General Manufacturing, Mining, Construction, Power Generation, Others. The Chemical & Petrochemical segment accounts for the largest share in 2021.

 

Key Development:

In Oct 2019, Nye Lubricants Inc., a manufacturer of highly specialised synthetic lubricants, was owned by FUCHS. The speciality lubricants product line of the FUCHS Group has increased as a result of this acquisition.

Compressor Oils Market

MARKET SUMMARY
-
5.1% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.1%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Compressor Oils Market

  • The report on global compressor oils market gives historical, current and future market sizes (US$ Bn) based on device type, pump type, application, application and region.
  • The compressor Oils Market report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • TotalEnergies SE
  • Sinopec Limited
  • Indian Oil Corporation Ltd.
  • Fuchs Group
Compressor Oils Market Drivers And Restraints

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 Got Significant Share

Compressor Oils Market

By region, 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The Compression Oils Market report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market.
Compression Oils Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The global compressor oils market size is valued at USD 6,123.9 million in 2021 and is expected to grow at a prominent growth rate during the forecast period 2022 to 2028.

 

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.


Report

Table Of Content

1. Executive Summary
2. Global Compression Oils Market Introduction
2.1. Global Compression Oils Market – Taxonomy
2.2. Global Compression Oils 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 Compression Oils Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Compression Oils Market Dynamic Factors – Impact Analysis
3.6. Global Compression Oils Market – Competition Landscape
4. Global Compression Oils Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Compression Oils Market, By Oil Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Synthetic Oil
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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 Compression Oils Market, By Compressor Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Positive Displacement Compressor
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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 Compression Oils Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Gas Compressor
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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 Compression Oils Market, By End User Industry, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Chemical & Petrochemical
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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 Compression Oils Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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 Compression Oils Market – Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Region, 2022-2028
10. North America Compression Oils Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Oil Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Compression Oils Market – Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2022-2028
10.7. North America Compression Oils Market Dynamics – Trends
11. Europe Compression Oils Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Oil Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 Compression Oils Market – Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2022-2028
11.7. Europe Compression Oils Market Dynamics – Trends
12. Asia-Pacific Compression Oils Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Oil Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 Compression Oils Market – Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2022-2028
12.7. Asia-Pacific Compression Oils Market Dynamics – Trends
13. Latin America Compression Oils Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Oil Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 Compression Oils Market – Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2022-2028
13.7. Latin America Compression Oils Market Dynamics – Trends
14. Middle East and Africa Compression Oils Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Oil Type Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 Compression Oils Market – Opportunity Analysis Index, By Oil Type, Compressor Type, Application, End User Industry, and Country, 2022-2028
14.7. MEA Compression Oils 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

Report

Company Profile

  • Royal Dutch Shell PLC
  • ExxonMobil Corporation
  • British Petroleum Plc
  • Chevron Corporation
  • TotalEnergies SE
  • Sinopec Limited
  • Indian Oil Corporation Ltd.
  • Fuchs Group
  • Croda International PLC

Description

Compressor Oils Market size was valued at USD 8.6 billion in 2021, growing at a CAGR of 5.1% during the forecast period 2022 to 2028. The global market provides a detailed overview of the market, and that can be segmented by Oil Type, by Compressor Type, by Application, and by End User Industry. By oil type, the global compressor oils market has been segmented into Synthetic Oil, Semi-synthetic Oil, Mineral Oil, 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, Dynamic Compressor. Among these, the dynamic compressor segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on application, the global compressor oils market is segmented into Gas Compressor, Air Compressor. The gas compressor segment accounts for the largest share in 2021. Air compressor segment is the second-largest share during the forecast period 2022-2028. Based on end user industry, the global compressor oils market is segmented into Chemical & Petrochemical, Oil & Gas, General Manufacturing, Mining, Construction, Power Generation, Others. The Chemical & Petrochemical segment accounts for the largest share in 2021.

 

Key Development:

In Oct 2019, Nye Lubricants Inc., a manufacturer of highly specialised synthetic lubricants, was owned by FUCHS. The speciality lubricants product line of the FUCHS Group has increased as a result of this acquisition.

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