The Compressor Oil Market involves the production and sale of specialized lubricants designed for use in air, gas, and refrigeration compressors. These oils reduce friction, minimize wear, dissipate heat, and prevent corrosion, ensuring efficient operation and extending compressor life. The market is driven by growing industrialization, increasing use of compressors in various sectors such as manufacturing, oil & gas, automotive, and HVAC systems. Innovations in synthetic and eco-friendly compressor oils are also contributing to market expansion. Additionally, demand for energy-efficient systems and stringent environmental regulations further influence the adoption of advanced compressor oils globally.
Key Players Covered In This Report:
Royal Dutch Shell PLC (Netherlands),ExxonMobil Corporation (USA),BP PLC (UK),Chevron Corporation (USA),TotalEnergies SE (France),PetroChina Company Limited (China),Sinopec Limited (China),Idemitsu Kosan Co., Ltd. (Japan),Fuchs Petrolub SE (Germany),Indian Oil Corporation Ltd (India),Repsol S.A. (Spain),JXTG Nippon Oil & Energy Corporation (Japan),Bharat Petroleum Corporation Limited (India),Gazpromneft Lubricants Ltd (Russia),Gulf Oil International Ltd. (UK),Valvoline Inc. (USA),Phillips 66 Lubricants (USA),Petro-Canada Lubricants Inc. (Canada),Lukoil (Russia),Neste Oyj (Finland),PT Pertamina (Persero) (Indonesia),SK Lubricants Co., Ltd. (South Korea),Indian Oil Corporation Ltd. (India),GS Caltex Corporation (South Korea),JX Nippon Oil & Energy Corporation (Japan),Sasol Limited (South Africa),Addinol Lube Oil GmbH (Germany)
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Market Segment:
By Base Oil
• Synthetic
• Mineral
• Semi-Synthetic
• Bio-Based
• Base Oil
By Type
• Reciprocating
• Sliding Value
• Centrifugal
• Screw
By Application
• Industrial
• Automotive
• Refrigeration
• Gas Compressors
By End-User
• Manufacturing
• Oil & Gas
• Construction
• Power Generation
• Food & Beverage
• Pharmaceuticals
Geographic Segment Covered in the Report
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Key Industry Developments in the Compressor Oil Market:
• In June 2024, bp and Worley have formed a new strategic alliance focused on enhancing efficiency, continuous improvement and value creation across bp’s global Site Projects organization. This alliance builds upon a successful, decade-long collaboration between the two companies.
• In March 2024, chevron and JX sign MOU for collaboration on development of CCS value chain. JX Nippon Oil & Gas Exploration Corporation and Chevron New Energies a division of Chevron U.S.A. Inc., have signed a Memorandum of Understanding (“MOU”) that provides a framework to evaluate the export of Carbon Dioxide (CO2) from Japan to Carbon Capture and Storage (CCS) projects located in Australia and other countries in the Asia Pacific region.
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