Compressor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global compressor oil market reached a value of US$ 5.8 Billion in 2020. Compressor oil is a lubricant used for reducing heat and cooling down the compressors in air conditioning and refrigeration systems. It ensures the proper functioning of the metal components and improves machinery performance with its anti-rust properties. Compressor oil also has exceptional oxidation stability and leaves a low carbon residue that reduces the operation and maintenance costs for the user. It is manufactured using a combination of base oil and various other additives. The type of base oil used, such as synthetic, mineral, semi-synthetic and bio-based, determines the quality and longevity of the compressor oil. With cost- and energy-saving properties, it finds extensive applications in various industries ranging from construction, general manufacturing, mining, power generation, chemical and petrochemical, etc.

The need for cost optimization is one of the key factors driving the market growth. Compressor oil assists in heat dissipation and maintaining the temperature of the compressor. This subsequently leads to reduced wear and tear of the compressor and aids in its smooth operation, thereby helping manufacturers to avoid high repair costs. Furthermore, significant growth in the heating, ventilation, and air conditioning (HVAC) industry along with the establishment of cold chain facilities, particularly in the developing regions, is also augmenting the demand for compressor oil. Other factors such as increasing investments in research and development (R&D) activities to develop improved product variants, such as environment-friendly compressor oil, are also favoring the growth of the market. Looking forward, IMARC Group expects the global compressor oil market to exhibit moderate growth during the next five years.

Report Coverage:

• Historical, Current and Future Market Trends

Market Breakup by Compressor Type:

• Positive Displacement Compressor
• Dynamic Compressor

Market Breakup by Base Oil:

• Synthetic Oil
• Mineral Oil
• Semi-Synthetic Oil
• Bio-Based Oil

Market Breakup by Application:

• Gas Compressor
• Air Compressor

Market Breakup by End Use Industry:

• General Manufacturing
• Construction
• Oil and Gas
• Mining
• Chemical and Petrochemical
• Power Generation
• Others

Market Breakup by Region:

• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America

Competitive Landscape:

• The report has also analysed the competitive landscape of the market with some of the key players being Royal Dutch Shell PLC, ExxonMobil Corporation, BP International Limited, Chevron Corporation, Total S.A., Sinopec Group, The PJSC Lukoil Oil Company, Indian Oil Corporation Ltd., The Fuchs Group, Idemitsu Kosan Co. Ltd., Petroliam Nasional Berhad (Petronas), DuPont de Nemours, Inc. (DuPont), Croda International PLC., Sasol Limited, The Phillips 66 Company, Bel-Ray Company LLC., Morris Lubricants Limited and Penrite Oil Company, etc.

Key Questions Answered in This Report:

• How has the global compressor oil market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global compressor oil industry?
• What has been the impact of COVID-19 on the global compressor oil industry?
• What is the breakup of the market based on the compressor type?
• What is the breakup of the market based on the base oil?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the global compressor oil industry?
• What are the key driving factors and challenges in the global compressor oil industry?
• What is the structure of the global compressor oil industry and who are the key players?
• What is the degree of competition in the global compressor oil industry?
• What are the profit margins in the global compressor oil industry?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Compressor Oil Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Compressor Type
• 5.5 Market Breakup by Base Oil
• 5.6 Market Breakup by Application
• 5.7 Market Breakup by End Use Industry
• 5.8 Market Breakup by Region
• 5.9 Market Forecast

6 Market Breakup by Compressor Type

• 6.1 Positive Displacement Compressor
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Dynamic Compressor
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Base Oil

• 7.1 Synthetic Oil
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Mineral Oil
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Semi-Synthetic Oil
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Bio-Based Oil
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Market Breakup by Application

• 8.1 Gas Compressor
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Air Compressor
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast

9 Market Breakup by End Use Industry

• 9.1 General Manufacturing
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Construction
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Oil and Gas
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Mining
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Chemical and Petrochemical
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast
• 9.6 Power Generation
  • 9.6.1 Market Trends
  • 9.6.2 Market Forecast
• 9.7 Others
  • 9.7.1 Market Trends
  • 9.7.2 Market Forecast

10 Market Breakup by Region

• 10.1 Asia Pacific
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 Europe
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 North America
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 Middle East and Africa
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast
• 10.5 Latin America
  • 10.5.1 Market Trends
  • 10.5.2 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 Royal Dutch Shell PLC
  • 15.3.2 ExxonMobil Corporation
  • 15.3.3 BP International Limited
  • 15.3.4 Chevron Corporation
  • 15.3.5 Total S.A.
  • 15.3.6 Sinopec Group
  • 15.3.7 The PJSC Lukoil Oil Company
  • 15.3.8 Indian Oil Corporation Ltd.
  • 15.3.9 The Fuchs Group
  • 15.3.10 Idemitsu Kosan Co. Ltd.
  • 15.3.11 Petroliam Nasional Berhad (Petronas)
  • 15.3.12 DuPont de Nemours, Inc. (DuPont)
  • 15.3.13 Croda International PLC.
  • 15.3.14 Sasol Limited
  • 15.3.15 The Phillips 66 Company
  • 15.3.16 Bel-Ray Company LLC.
  • 15.3.17 Morris Lubricants Limited
  • 15.3.18 Penrite Oil Company

List of Figures

• Figure 1: Global: Compressor Oil Market: Major Drivers and Challenges
• Figure 2: Global: Compressor Oil Market: Sales Value (in Billion US$), 2015 - 2020
• Figure 3: Global: Compressor Oil Market: Breakup by Compressor Type (in %), 2020
• Figure 4: Global: Compressor Oil Market: Breakup by Base Oil (in %), 2020
• Figure 5: Global: Compressor Oil Market: Breakup by Application (in %), 2020
• Figure 6: Global: Compressor Oil Market: Breakup by End Use Industry (in %), 2020
• Figure 7: Global: Compressor Oil Market: Breakup by Region (in %), 2020
• Figure 8: Global: Compressor Oil Market Forecast: Sales Value (in Billion US$), 2021-2026
• Figure 9: Global: Compressor Oil Industry: SWOT Analysis
• Figure 10: Global: Compressor Oil Industry: Value Chain Analysis
• Figure 11: Global: Compressor Oil Industry: Porter's Five Forces Analysis
• Figure 12: Global: Compressor Oil (Positive Displacement Compressor) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 13: Global: Compressor Oil (Positive Displacement Compressor) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 14: Global: Compressor Oil (Dynamic Compressor) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 15: Global: Compressor Oil (Dynamic Compressor) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 16: Global: Compressor Oil (Synthetic) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 17: Global: Compressor Oil (Synthetic) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 18: Global: Compressor Oil (Mineral) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 19: Global: Compressor Oil (Mineral) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 20: Global: Compressor Oil (Semi-Synthetic) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 21: Global: Compressor Oil (Semi-Synthetic) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 22: Global: Compressor Oil (Bio-Based) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 23: Global: Compressor Oil (Bio-Based) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 24: Global: Compressor Oil (Gas Compressor) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 25: Global: Compressor Oil (Gas Compressor) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 26: Global: Compressor Oil (Air Compressor) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 27: Global: Compressor Oil (Air Compressor) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 28: Global: Compressor Oil (General Manufacturing) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 29: Global: Compressor Oil (General Manufacturing) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 30: Global: Compressor Oil (Construction) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 31: Global: Compressor Oil (Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 32: Global: Compressor Oil (Oil and Gas) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 33: Global: Compressor Oil (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 34: Global: Compressor Oil (Mining) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 35: Global: Compressor Oil (Mining) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 36: Global: Compressor Oil (Chemical and Petrochemical) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 37: Global: Compressor Oil (Chemical and Petrochemical) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 38: Global: Compressor Oil (Power Generation) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 39: Global: Compressor Oil (Power Generation) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 40: Global: Compressor Oil (Other Industries) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 41: Global: Compressor Oil (Other Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 42: Asia Pacific: Compressor Oil Market: Sales Value (in Million US$), 2015 & 2020
• Figure 43: Asia Pacific: Compressor Oil Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 44: Europe: Compressor Oil Market: Sales Value (in Million US$), 2015 & 2020
• Figure 45: Europe: Compressor Oil Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 46: North America: Compressor Oil Market: Sales Value (in Million US$), 2015 & 2020
• Figure 47: North America: Compressor Oil Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 48: Middle East and Africa: Compressor Oil Market: Sales Value (in Million US$), 2015 & 2020
• Figure 49: Middle East and Africa: Compressor Oil Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 50: Latin America: Compressor Oil Market: Sales Value (in Million US$), 2015 & 2020
• Figure 51: Latin America: Compressor Oil Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables

• Table 1: Global: Compressor Oil Market: Key Industry Highlights, 2020 and 2026
• Table 2: Global: Compressor Oil Market Forecast: Breakup by Compressor Type (in Million US$), 2021-2026
• Table 3: Global: Compressor Oil Market Forecast: Breakup by Base Oil (in Million US$), 2021-2026
• Table 4: Global: Compressor Oil Market Forecast: Breakup by Application (in Million US$), 2021-2026
• Table 5: Global: Compressor Oil Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
• Table 6: Global: Compressor Oil Market Forecast: Breakup by Region (in Million US$), 2021-2026
• Table 7: Global: Compressor Oil Market Structure
• Table 8: Global: Compressor Oil Market: Key Players