[222 Pages Report] The compressor oil market is estimated to have accounted for USD 24.18 Billion in 2015 and is projected to reach USD 34.11 Billion by 2021, registering a CAGR of 6.0% between 2016 and 2021. In this report, 2015 is considered as the base year and forecast period is between 2016 and 2021. The global compressor oil market has been segmented on the basis of compressor type, base oil type, end-use industries, and region. The compressor oil market for positive displacement compressors accounted for the major share in 2015.
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Currently, the global compressor oil market is dominated by various market players, such as 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.), BASF SE (Germany), Croda International plc (U.K.), Sasol Limited (South Africa), and others.
The target audiences for the compressor oil market report are as follows:
Compressor oil manufacturers
Compressor oil suppliers
Government and research organizations
Compressor oil traders, distributors, and suppliers
Investment banks and private equity firms
Raw material suppliers
End users such as automobile, manufacturing, oil & gas, and other companies
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Synthetic compressor oil to account for the major share of the compressor oil market till 2021
The compressor oil market is segmented by base oil type, namely, synthetic compressor oil, semi-synthetic compressor oil, mineral compressor oil, and bio-based compressor oil. Synthetic compressor oil is the most preferred type of compressor oil and accounts for a major share in the global compressor oil market. Easy availability, high performance, and longer drain out time are the major driving factors of the synthetic compressor oil market.
Manufacturing industry to be the largest industry for the compressor oil market between 2016 and 2021
The manufacturing industry accounted for the largest share in the compressor oil market. This is due to the rising manufacturing industry and improving standard of living in the developing nations, which also lead to development of other industries, driving the compressor oil market. The manufacturing industry is subsegmented into chemical & petrochemical, metal production, construction & mining equipment, food & beverages, and others (including aerospace and agricultural equipment).
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