COMPRESSOR OIL MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics:-

Increasing demand for compressor oil from marine, refrigeration, and automotive industry is expected to boost growth of the compressor oil market during the forecast period. Moreover, refilling of compressor oil in end-use industries such as power generation, oil & gas, and others during maintenance period also helps to boost the compressor oil market growth.

Among product type, the dynamic displacement compressor segment is expected to hold dominant position in the compressor oil market during the forecast period. Dynamic displacement compressors find applications in mining, food processing, petroleum refining, pulp and paper, and other industries. Compressor oils are used by these industries for in maintenance of equipment as they offer smooth functioning of equipment.

However, increasing demand for oil-free compressors is expected to adversely affect growth of the compressor oil market. Oil-free compressor offer some advantages such as, efficient operation at lower costs, retrofitting of existing systems, rising adoption of variable-speed compressors, and low maintenance costs.