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Compressor Oil Market Share
- Report ID: GMI2557
- Published Date: May 2021
- Report Format: PDF
Compressor Oil Market Share
Compressor oil industry is highly competitive and product technology advancement coupled with competitive pricing plays a significant role in gaining a market share. The important players operating in the compressor oil industry include :
- Royal Dutch Shell
- Tota S.A
- Fuchs Group
- Exxon Mobil Corporation
- British Petroleum (BP)
- BASF SE
- ENI S.P.A
- Indian Oil Corporation
- Sinopec Group
Frequently Asked Questions (FAQ) :
Compressor oils are used for lubricating compressors in a range of applications such as the general manufacturing and chemical industries.
The compressor oil industry share exceeded USD 5,437.5 million in 2020 and will expand at a CAGR of 2.2% between 2021 and 2027.
Synthetic compressor oils account for 60% share in the total market revenue and will grow owing to various advantages such as enhanced wear protection, excellent thermal & oxidative stability, and higher viscosity indices.
Reciprocating compressor oils business will register a CAGR of 2% from 2021 to 2027 owing to their wide deployment in connected rod bearings, main bearings, cross head bearings, motor bearings, and others.
Compressor Oil Market Scope
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