Market Overview:
The global lubricant oils used in air compressors market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for compressed air in various industries such as chemical, oil and gas, textile and others. In addition, water soluble lubricants are gaining popularity over water insoluble lubricants owing to their environmental friendly nature. However, volatility in prices of raw materials may restrain the market growth during the forecast period. On the basis of type, water soluble lubricants are expected to account for a larger share of the global lubricant oils used in air compressors market during 2018-2030. This can be attributed to their environment-friendly nature and ability to reduce wear & tear on equipment components.
Product Definition:
Lubricant oils used in air compressors are typically mineral based and have a viscosity that is low enough to flow easily at compressor operating temperatures, but high enough to provide adequate lubrication. Their primary purpose is to reduce friction between the compressor's moving parts. Lubricant oils also help protect the compressor from wear and corrosion.
Water Soluble (WS):
Water soluble (W) is a colloidal solution of organic compounds in water. It can be distinguished from oil-soluble components by the fact that it dissolves completely in water and produces a neutral taste when consumed in sufficient quantity. WS is used as an additive to lubricant soils for air compressors, primarily because it helps to reduce dust formation and increases stability during operations at high temperatures.
Water Insoluble (WI):
Water insoluble (WI) is a colloidal suspension of solid particles in water. It has a wide range of applications including air compressor lubricants, detergents, and pharmaceuticals. The high viscosity index characteristic for this product group provides an advantage over conventional mineral oils as it reduces the volatility associated with them which makes them suitable to be used in compressors that are subject to frequent changing.
Application Insights:
The oil and gas industry accounted for the largest volume share in 2017. The segment is also expected to register the fastest growth over the forecast period owing to rising demand for air compressors from various industries, including chemical, power generation and food processing. In addition, increasing exploration activities coupled with new discoveries of hydrocarbon reserves are anticipated to drive product demand in this application segment over the coming years.
In terms of revenue as well as volume%, textile industry held a significant share in 2017 due to high product penetration rate required for manufacturing different types of textile machinery such as carding machines and spinning mules among others which require high-quality lubricants at low prices.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as chemical, oil and gas, textile industry, etc. China is one of the largest economies in this region that has a strong industrial base for manufacturing various products using lubricants as raw materials.
The demand for compressors used in industrial applications such as metalworking, drilling machinery operations are also on a rise due to which Asia Pacific regional market is projected to grow at a lucrative rate during the forecast period. Europe accounted for more than 20% share of global revenue in 2017 owing to high usage rates of compressors across numerous applications including food processing plants, beverage production facilities (breweries), sugar refineries among others are anticipated drive product adoption across this region over the next eight years.
North America was valued at USD X billionin 2017 owing with growing usage rates from end-user industries particularly oil.
Growth Factors:
- Increasing demand for compressed air in various industries
- Rising awareness about the benefits of using lubricant oils in air compressors
- Technological advancements in the field of lubricant oils and air compressors
- Growing demand for energy-efficient and environment-friendly products
- Rising disposable income of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Lubricantsoils used in Air Compressors Market Research Report
By Type
Water Soluble (WS), Water Insoluble (WI)
By Application
Chemical Industry, Oil and Gas, Textile Industry, Others
By Companies
Phillips, Shell, Lukoil, Chevron Lubricants (US), KLONDIKE, ExxonMobil, BP, TOTAL, FUCHS, Isel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Lubricantsoils used in Air Compressors Market Report Segments:
The global Lubricantsoils used in Air Compressors market is segmented on the basis of:
Types
Water Soluble (WS), Water Insoluble (WI)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Oil and Gas, Textile Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Phillips
- Shell
- Lukoil
- Chevron Lubricants (US)
- KLONDIKE
- ExxonMobil
- BP
- TOTAL
- FUCHS
- Isel
Highlights of The Lubricantsoils used in Air Compressors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water Soluble (WS)
- Water Insoluble (WI)
- By Application:
- Chemical Industry
- Oil and Gas
- Textile Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lubricantsoils used in Air Compressors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lubricantsoils are used in air compressors to reduce friction and wear.
Some of the key players operating in the lubricantsoils used in air compressors market are Phillips, Shell, Lukoil, Chevron Lubricants (US), KLONDIKE, ExxonMobil, BP, TOTAL, FUCHS, Isel.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lubricantsoils used in Air Compressors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Lubricantsoils used in Air Compressors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Lubricantsoils used in Air Compressors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Lubricantsoils used in Air Compressors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Lubricantsoils used in Air Compressors Market Size & Forecast, 2020-2028 4.5.1 Lubricantsoils used in Air Compressors Market Size and Y-o-Y Growth 4.5.2 Lubricantsoils used in Air Compressors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Water Soluble (WS)
5.2.2 Water Insoluble (WI)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Oil and Gas
6.2.3 Textile Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lubricantsoils used in Air Compressors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lubricantsoils used in Air Compressors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Water Soluble (WS)
9.6.2 Water Insoluble (WI)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Oil and Gas
9.10.3 Textile Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Water Soluble (WS)
10.6.2 Water Insoluble (WI)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Oil and Gas
10.10.3 Textile Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Water Soluble (WS)
11.6.2 Water Insoluble (WI)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Oil and Gas
11.10.3 Textile Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Water Soluble (WS)
12.6.2 Water Insoluble (WI)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Oil and Gas
12.10.3 Textile Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Water Soluble (WS)
13.6.2 Water Insoluble (WI)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Oil and Gas
13.10.3 Textile Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lubricantsoils used in Air Compressors Market: Competitive Dashboard
14.2 Global Lubricantsoils used in Air Compressors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Phillips
14.3.2 Shell
14.3.3 Lukoil
14.3.4 Chevron Lubricants (US)
14.3.5 KLONDIKE
14.3.6 ExxonMobil
14.3.7 BP
14.3.8 TOTAL
14.3.9 FUCHS
14.3.10 Isel