Positive displacement compressor is set to dominate global compressor oil market growth at projected CAGR of 6.1% to 2021 to reach $83.97 billion between 2016 and 2021 according to the latest research.
Complete report on global compressor oil market spread across 222 pages, profiling 28 companies and supported with 139 tables and 72 figures is now available at http://www.reportsnreports.com/reports/539528-compressor-oil-market-by-compressor-type-positive-displacement-and-dynamic-base-oil-type-synthetic-semi-synthetic-mineral-and-bio-based-end-use-industry-manufacturing-oil-gas-power-and-automotive-by-region-global-forecast-to-2021.html ,
The growth is primarily triggered by its huge demand from the Asia-Pacific region and growing end-use industries, such as manufacturing, power, metal production, oil & gas, food & beverages, and automotive. Moreover, the liberalization of foreign trade and investments and change in industrial policies has triggered rapid industrialization in China, for the past three decades. This, in turn, is contributing to the increasing demand for compressor oil in the Asia-Pacific region.
Positive displacement compressor led the global compressor oil market in 2015. The reduced maintenance cost, high performance, and lower energy consumption contribute to the increasing demand for positive displacement compressors. Since positive displacement compressor is the major application for compressor oil, growing demand for them drives the compressor oil market.
Asia-Pacific is projected to be the largest market for compressor oil, globally. Domestic and foreign investments in the key sectors such as energy, manufacturing, construction, and automotive have been consistently growing for the past decade. The increasing disposable income of people and industrial growth in the Asia-Pacific region led to the increasing demand of automobiles. As a result, there has been a consistent rise in number of vehicles in the region for the past decade, which is ultimately fueling the demand for compressor oil in the region. In addition, the presence of the key market players drives the compressor oil market in Asia-Pacific.
Some of the major companies profiled in this report are Royal Dutch Shell plc (Netherlands), Exxon Mobil Corporation (U.S.), Sinopec Limited (China), Total S.A. (France), Lukoil (Russia), BP plc (U.K.), Chevron Corporation (U.S.), Fuchs Petrolub AG (Germany), the Dow Chemical Company (U.S.), Croda International plc (U.K.), BASF SE (Germany), Sasol Limited (South Africa),and others. Order a copy of Compressor Oil Market by Compressor Type (Positive Displacement and Dynamic), Base Oil Type (Synthetic, Semi-Synthetic, Mineral and Bio-based), End-Use Industry (Manufacturing, Oil & Gas, Power, and Automotive) & by Region – Global Forecast to 2021 research report athttp://www.reportsnreports.com/purchase.aspx?name=539528 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (30%), Tier 2 (43%) and Tier 3 (27%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (43%), Director Level (30%) and others (27%) from various key organizations operating in the global compressor oil market. The primary interviews were conducted worldwide covering regions such as North America (37%), Europe (23%), Asia-Pacific (26%) and ROW (14%).