Compressor oil is widely used in many industries, including construction, mining, power generation, chemical, etc., where it helps to dissipate heat and control the compressor's temperature. This is what is mainly driving the worldwide compressor oil market.
The manufacturing sector is anticipated to continue being the primary end-user of compressor oil. Pharmaceuticals, food and beverage production, metal and mining, air gas separation, and other industries are included in the manufacturing sector.
On the global market for compressor oil, synthetic oil is expected to continue to dominate sales.
The global compressor oil market is estimated to exhibit a CAGR of 3.2% from 2023 to 2032.
The compressor oil market size was estimated to be US$ 5.75 billion in 2021.
United state is expected to account for the largest share of the compressor oil market.
Copyright © 2023 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved