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PAG Compressor Oil Market Analysis

  • Report ID: GMI5405
  • Published Date: Nov 2022
  • Report Format: PDF

PAG Compressor Oil Market Analysis

PAG Compressor Oil Market, By Type

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Based on type, the PAG compressor oil market segregates into rotary, reciprocating, centrifugal, and others. The rotary segment is expected to be worth over USD 1.8 billion by 2032, witnessing more than 8.5% CAGR through the projection period. The rotary compression process involves constant movement and generates a significant amount of heat, which makes lubrication of utmost importance, thus driving the demand for PAG lubricants. Besides, PAG oil helps avoid potential leakage in the compression chamber and lubricates rotors and other moving parts, increasing the segment share.

PAG Compressor Oil Market, By End-user

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With respect to the end-user, the general manufacturing segment is projected to showcase more than 8% CAGR over 2023-2032. Across the manufacturing sector, proper lubrication of equipment is critical to ensure continuous operation and prevent costly repairs and downtime. PAG lubricants help the compressor element to cool down while enabling the system to consume less energy. These attributes have encouraged an increasing number of manufacturing firms to make use of compressed air in their equipment, production, and factory processes, which will boost segment expansion.

PAG Compressor Oil Market, By Region

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Asia Pacific PAG compressor oil market is set to exhibit over 8.5% CAGR and exceed a valuation of USD 1.6 billion by 2032. The Asia Pacific is recognized for its massive population base and the skyrocketing demand for consumer-based products, offering an anticipated boost to industrial production in the region. Besides, the growing prominence of major manufacturing firms and the positive outlook of the general manufacturing sector in the region will propel the demand for PAG compressor oil in the approaching years.

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global market for PAG compressor oil was valued at over USD 1.3 billion in 2022 and is poised to exhibit more than 8.5% CAGR from 2023 to 2032 owing to the booming industrial sector and subsequent rise in demand for air compressors.

Rotary segment is anticipated to amass over USD 1.8 billion by 2032 owing to the increasing lubrication requirements in the rotary compression process due to consistent movement and heat generation.

General manufacturing segment is expected to witness more than 8% growth rate between 2023 and 2032 driven by the ability of PAG compressor oil to cool down compressor elements and minimize the prospects of costly repairs and downtime.

Players in the PAG compressor oil market include Idemitsu Lubricants America (ILA), BOSS Lubricants, Castrol, Philip 66 Lubricants, Total Lubricants USA, Inc., Sudheimer Car Technik Vertriebs (SCT) (MANNOL), AMSOIL Inc., and Exxon Mobil Corporation.

PAG Compressor Oil Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 8
  • Tables & Figures: 404
  • Countries covered: 19
  • Pages: 269
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