SELBYVILLE, Del.–(BUSINESS WIRE)–#GMI–APAC compressor oil market holds the largest regional share due to significant presence of various end-use industries. Substantial growth in mining, construction & infrastructure sector is also a prime factor which is giving an up thrust to the industry.
Based on compressor type, the compressor oil market is segmented into rotary screw, reciprocating, and centrifugal. Among these, the rotary screw compressor segment will exceed USD 3.5 billion by 2025.
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The mineral oil segment in compressor oil market is expected to witness growth of around 2% to 2025. These oils are used in applications where there are excessive levels air contamination and acid gases that can accumulate in fluid and cause corrosion in compressors.
This food & beverage sector will garner USD 600 million by 2025 for the compressor oil market. Induction of food grade oils in order to minimize contamination of food product is a key step to cater the concern of food & beverage industry.
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Companies profiled – Royal Dutch Shell, Total S.A., Fuchs Group, Exxon Mobil, British Petroleum, BASF, Eni S.p.A, Indian Oil, China Petrochemical, Lukoil, HPCL, The Dow Chemical Company, Sasol, Chevron, The Phillips 66 Company, Atlas Copco, Gardner Denver, Inc, and Ingersoll-Rand plc.
Browse key industry insights spread across 275 pages offering 411 market data tables & 28 figures & charts of report, “Compressor Oil Market Size By Base Oil (Synthetic Oil, Mineral Oil), Compressor Type (Reciprocating, Rotary Screw, Centrifugal), End Use (General Manufacturing, Construction & Infrastructure, Food & Beverage, Mining, Chemical, Power Generation), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” along with the table of contents:
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