Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Compressor Oil Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Compressor Oil Industry in 2024 and 2025?
The Compressor Oil market has experienced significant growth in recent years. The market size, which was $9.62 billion in 2024, is projected to increase to $10.13 billion in 2025. This represents a compound annual growth rate (CAGR) of 5.3%.
What Is the Projected Market Size of the Compressor Oil Market in 2029?
The Compressor Oil market is projected to reach a market size of $13.25 billion in 2029, with a compound annual growth rate (CAGR) of 6.9%.
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What Are the Key Drivers of Compressor Oil Market Growth?
The key Drivers in the compressor oil market are:
• Growing demand from the petroleum and natural gas industry.
• Use of compressor oil to prevent premature wear and tear in air compressors.
• Necessity of air compressors to increase gas pressure during transportation.
• Increment in liquefied natural gas exports due to new export capacity.
What Are the Primary Segmentation Categories in the Compressor Oil Market?
The compressor oilmarket covered in this report is segmented –
1) By Base Oil: Mineral, Synthetic, Semi-Synthetic
2) By Compressor Type: Positive Displacement, Reciprocating, Rotary Screw, Other Compressors, Dynamic, Radial Flow, Axial Flow
3) By End-Use Industry: Manufacturing, Oil And Gas, Power Generation, Automotive, Other End-Use Industries
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What Are the Major Trends Shaping the Compressor Oil Market in 2025 and Beyond?
The key trends in the compressor oil market are:
• A key trend is product innovation within the compressor oil market.
• Major companies are focusing on creating innovative products to maintain and strengthen their market presence.
• The development of high-performance lubricants for industrial uses is a growing trend, driven by increased regulatory standards.
• The rise in sustainable solutions and products that meet environmental regulations is a significant trend.
Who Are the Emerging Players in the Compressor Oil Market?
The key players in the compressor oil market are:
• Shell plc
• Chevron Corporation
• Exxon Mobil Corporation
• Fuchs Group
• TotalEnergies SE
• British Petroleum Public Limited Company
• ENEOS Corporation
• BASF SE
• Croda International
• Valvoline Cummins Inc.
• CASTROL Limited
• Sasol Limited
• HP Lubricants
• Morris Lubricants
• Idemitsu Kosan Co. Ltd.
• Repsol S.A.
• Lubrizol Corporation
• Lukoil
• ConocoPhillips
• Quaker Houghton
• Petro-Canada
• Lubricants Inc.
• Gulf Oil Corporation Limited
• Kluber Lubrication
• Indian Oil Corporation Limited
• Sinopec Group
• Cosmo Oil Marketing Co. Ltd.
• National Petroleum Limited- Petronas
Which Regions Are Leading the Growth in the Global Compressor Oil Market?
Asia-Pacific was the largest region in the compressor oil market in 2024 and is expected to be the fastest-growing region in the forecast period
