Compressor Oil Market will Register a CAGR of ~4% through 2019-2029

VALLEY COTTAGE -- Future Market Insights (FMI), in its latest research study, delineates the growth trail of compressor oil market from 2019 to 2029 and underlines the key aspects upholding growth. According to the report findings, compressor oil sales reached ~ 1,092 thousand tons in 2018, and are likely to grow by ~ 5.5% Y-o-Y in 2019.
As lubrication continues to be at the epicenter of equipment efficiency across industrial domains, the demand for effective compressor oil formulations is likely to see an ascending outlook through 2029. While compressor oil continues to play a crucial role in a spectrum of post-sales services, such as repairs, installation upgrades, equipment reconditioning, inspections, and routine maintenance, FMI's analysis expects a massive window of opportunities facing the key players active in compressor oil market space.
Opportunities galore for manufacturers in compressor oil market in parallel with the 'never-seen-before' growth of the aftermarket space. As aftermarket has outgrown the phase of being an 'afterthought' and is being perceived as a profitable arm of the market, key players operating in the compressor oil market are focused on offering spare parts and enhancing their after-sales service offerings.
End user requirements for lubrication may considerably vary based on the type of compressor and gas, in addition to the environment in which it is used. Manufacturers are, accordingly, vying to showcase a vast portfolio, featuring compressor oils formulated for a range of compressor types, including reciprocating, rotary, dry screw, centrifugal, or sliding vane compressors.
The report opines that end users will continue to show high preference for synthetic compressor oil, followed by the mineral and semi-synthetic variants. Synthetic compressor oil offers unmatched compatibility in comparison to its counterparts and meets the demand for severe service conditions, which is a key reason for it being the top-selling category. Synthetic oil also provides higher storage stability, high efficiency, less wear, enhanced oxidation stability, better film strength, and lower volatility-features that match majority of the lubrication requirements put forth by various end-user applications.
Manufacturers Prioritizing Product Innovations and Strategic Collaborations
Manufacturers are focusing on aggressive and influential marketing tactics across the key countries of Latin America and MEA, wherein the emerging opportunities in these regions could be of greater significance for them. Uninterrupted and consistent supply of certified products continues to be a key cornerstone for manufacturers to retain their market standing. Compressor oil manufacturers are also counting on product innovations as a catalyst for sustained growth in the compressor oil industry, unveils the report. For instance, in June 2019, Total S.A declared the official launch of its newest addition i.e. Planetelf PAG K 40, a high performance lubricant meant for use in automotive air compressors.
Although strategic partnerships and collaborations have been the strategic priorities of compressor oil manufacturers, the combination of the two offers a dual benefit, including extension of the existing customer base and enhancement of geographical reach. For instance, in 2018, the Atlas Copco Group announced acquisition of Reno A/S, a Denmark-based air compressor manufacturer, to uphold its shares in the global compressor oil market. In 2018, Exxon Mobil Corporation made an official announcement of its collaboration with Burckhardt Compression, a leading Switzerland-based manufacturer of compressors. This collaboration was aimed at fine-tuning product development processes of both the companies and building-up strong portfolios of high-performance lubricants.
More Related Reports - 
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Contact UsMr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018
Valley Cottage, NY 10989
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44(0)20-7692-8790

Comments

Post a Comment

Popular posts from this blog

Global Dairy Machines Market research to Witness an Outstanding Growth During 2018 – 2028

VALLEY COTTAGE, N.Y. –  Dairy Machines Market: Definition and Introduction Dairy Machines encompass all machinery used in the extraction, processing, packaging, storage, preservation, transport and sale of dairy products. Dairy Machines are used across the dairy industry value chain, from production to retail. Dairy Machines are used in various different processes and are used to help improve the quality of dairy products as well as reduce the overall cost of operations. Dairy Machines used in the production and processing of milk and milk products include equipment, such as milking machines (milk extraction machines), separators, pasteurizers, dryers and evaporators, separators, filtration machines, homogenizers, etc. Dairy Machines used in the storage and transportation of dairy products include refrigeration machines, such as freezers, coolers, chillers, etc. These refrigeration Dairy Machines can be fixed or mobile or even truck mountable. Dairy Machines, such as automatic mild
Read more

Laboratory Filtration Equipment and Supplies Market to Approach US$ 2.1 Bn by 2019 - 2027

VALLEY COTTAGE -The ultrafiltration technique is becoming a preferred choice among end users in the laboratory filtration equipment and supplies market. Recent improvements in cartridge configurations and varied membrane types have enhanced the technical reliability for large volume applications such as industrial waste water treatment and surface water treatment. A new report by Future Market Insights (FMI) presents a comprehensive revenue assessment of the global laboratory filtration equipment and supplies market and throws light on the various factors influencing growth in sales of laboratory filtration equipment and supplies. The study further highlights various developments among the leading players operating in the laboratory filtration equipment and supplies market. Key Developments in the Laboratory Filtration Equipment and Supplies Market In 2018, Merck, a Germany-based manufacturer of laboratory filtration equipment and supplies, launched a user-friendly single-use flo
Read more

Research details developments in the Global Automotive Control Cable Market research future scenario by 2019-2029

A new market research study by Future Market Insights on the automotive control cable market contains global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the  automotive control cable market  and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the ~US$ 2.1 Bn market for automotive control cable will witness a moderate 4% annual rise in the revenues, by 2019 end. New vehicle model launches, and the spectacular rise in vehicle parc, have been the leading market growth influencers. While gains are majorly driven by the increasing demand for automotive vehicles, government mandates regarding anti-lock braking systems for passenger and commercial vehicles, are identified to remain the key growth determinants for market. This scenario will particularly prevail in developing countries, such as India, China, and Brazil, among others, according to FMI’s analysis. Download Sample Copy@  https:/
Read more