The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The compressor oil market has experienced robust growth, increasing from $9.04 billion in 2023 to $9.68 billion in 2024, with a compound annual growth rate (CAGR) of 7.1%. This growth is attributed to factors such as industrialization, rise in energy demand, and stringent environmental regulations. Looking ahead, the market is expected to continue its strong growth, reaching $12.59 billion by 2028, with a CAGR of 6.8%.

Key Drivers: Automotive Boom

The expanding automotive industry is expected to drive the growth of the compressor oil market. Compressor oil plays a crucial role in lubricating and cooling air compressors within vehicles, ensuring the efficient operation of critical components such as air conditioning compressors and pneumatic systems. With total vehicle production in the United States increasing, the demand for compressor oil is expected to rise significantly.

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Technological Advancements

Technological advancements in lubrication technology are a key trend in the compressor oil market, with companies introducing innovative products to improve efficiency. For example, Anderol B.V. introduced a hazard-free compressor oil, Anderol Syncomp DE HSL 100, which has great thermal oxidation stability, resulting in extended oil life and excellent control over deposit formation.

Recent Acquisition Driving Growth

In May 2023, AMSOIL Inc. acquired Benz Oil, a company specializing in industrial and metalworking fluids. This acquisition expands AMSOIL’s industrial business unit, boosting its capabilities and expertise in the compressor oil market.

Market Segmentation and Regional Insights

The compressor oil market is segmented by base oil, compressor type, and end-use industry. Asia-Pacific was the largest region in the compressor oil market in 2023 and is expected to be the fastest-growing region in the forecast period.

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The Compressor Oil Global Market Report 2024  provides an overview of the compressor oil market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The compressor oil market forecast analyzes compressor oil market size, compressor oil market share, leading competitor and their market positions.

The Table Of Content For The Compressor Oil Market Include:

1. Compressor Oil Market Executive Summary
2. Compressor Oil Market Segments
3. Compressor Oil Market Size And Compressor Oil Market Growth Rate
4. Key Compressor Oil Market Trends
5. Major Compressor Oil Market Drivers
……
25. Key Mergers And Acquisitions In The Compressor Oil Market
26. Top Compressor Oil Companies
27. Compressor Oil Market Opportunities And Strategies
28. Compressor Oil Market, Conclusions And Recommendations
29. Appendix

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