Compressor oil is
one of the important components for all air conditioning system. The compressor
oil manufactured from paraffinic base oil and used for decreasing the downtime,
reducing heat, lubrication, and in repairing of the machines. The continuous
operations of compressor lead to heat generated and wear & tear of
machines. Compressor oils are proficient of performing various functions due to
their anti-wear performance, foam resistance, hydrolytic stability, copper
corrosion resistance, rust protection, and oxidation stability properties. The advantages
of the compressor oil include reduction of friction, improve in the overall
performance of equipment, protection from surface films, serving as a sealing
fluid, decrease deposition of harmful compounds and reduce energy consumption.
Easy availability, low-cost maintenance, and high-performance capability of
compressor oils influence the use of compressor oils market globally. In
addition, the reasonable cost practice is a major factor fueling the growth of
compressor oils market globally.
According to
study, “Global Compressor Oil Market
2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” some of the major companies
that are currently working in the global compressor oil market are IndiaOil, Bharat
Petroleum, Hindustan Petroleum, Ashland (Valvoline), BP (Castrol), Apar
Industries, Shell, Gulf, Raj Petro Specialities, Savita Chemicals, Chevron, ExxonMobil,
Total, Dow Cornning, FUCHS, IR,BASF, Amsoil, Kluber Lubrication, JX, ENEOS, Palco,
Eastern Petroleum, IDEMITSU, PETRO-CANADA, AVI-OIL, Novvi, ULTRACHEM. The DOW
Chemical Company, Croda International PLC., Phillips 66, Sasol Limited, Bel-Ray
Company LLC., Penrite Oil, Liqui Moly GmbH, Morris Lubricants, Rock Valley Oil
and Chemical Co., Valvoline Inc., Bharat Petroleum, Peak Lubricants Pty Ltd., Addinol,
Amalie Oil Co., Lubrication Technologies Inc., ENI SPA, Engen Petroleum, Petro-Canada
Lubricants Inc. These manufacturing players are realizing the need to focus on
core competencies by outsourcing the trade & distribution establishing a
contributory company.
Based on compressor
types, global compressor oil market is segmented into positive displacement
compressor and dynamic compressor. These types include reciprocating,
centrifugal, rotary lobe compressor, sliding vane and screw (helical lobe). The
positive displacement compressor confines a volume of air into the chamber &
decreases the volume of chamber to compress the air. Based on base oil, market
is segmented into mineral oil, bio-based oil, semi-synthetic oil and synthetic
oil (Polyalkylene Glycol (PAG), Polyalphaolefin (PAO), & esters). Semi-synthetic
oils are the mixture of synthetic & mineral oils the key properties associated
with the synthetic oils last longer, cleaner, less expensive, and less prone to
contamination. Based on sales channel, market is segmented into aftermarket and
OEM. Based on application, market is segmented into reciprocating compressor,
centrifugal compressor, sliding vane compressor, screw (helical lobe)
compressor and rotary lobe compressor. In addition, based on end-use industry,
market is defined as construction, mining, general manufacturing, oil &
gas, power generation, chemical & petrochemical and others.
The global
compressor oil is driven by rise in automation for various industries followed
by the massive industrial growth in APAC and the Middle East & Africa
regions, the easy
availability, high-performance capability, low-cost maintenance, rising
environmental concerns and growing demand for high-quality compressor oil to
drive the demand. Apart from benefits, few of the restraints include oil
rejuvenation, followed by technological advancements. Additionally, the major
opportunity of this market is development of zinc-free compressor oils.
Asia-Pacific region
is expected to lead the global compressor oils market followed by Europe and
North-America owing to the augmenting the demand of compressor oils by end user
industries for instance oil & gas, automotive, power, and manufacturing
industry and increase in growth of industrialization. Increase in number of
planned & under construction pipeline projects are expected to boost the
market over the estimated period.
For more
information, refer to below link:-
Related
Report:-
World
Compressor Oil Market Research Report 2024 (covering USA, Europe, China, Japan,
India, South East Asia and etc)
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
