Global Compressor Oil Market Growth, Size Estimated to increase by 20 Compressor Oil Market1 | Page 3

Compressor Oil Market
gas, and others help escalate the growth of compressor oil market. The rising liberalization
of the foreign trades, higher investments, change in the industrial policies, and the rising
demand for automobiles in the various regions is expected to trigger the compressor oil
market growth.
Global Compressor Oil Market: Segmentation
The compressor oil market is bifurcated on the basis of end-use industries, compressor
type, base oil type, and region. The end-use industries segment is further categorized into
metal production, chemical and petrochemical, automotive, manufacturing, food and
beverages, construction and mining equipment, oil and gas, and power industries. The
compressor type segment is divided into rotary screw compressor, axial compressor,
centrifugal compressor, reciprocating compressor, dynamic and positive displacement
compressor. The base oil type segment is categorized into bio-based, synthetic, PAG, PAO,
mineral, ester, and semi-synthetic base oil type. The regional segmentation includes
Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific.
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Global Compressor Oil Market: Regional Analysis
The high growth in the end-use industries in the Asia-pacific region is the major reason for
the region to dominate the global compressor oil market. The growing population along with
the demand for automobiles is fueling the global market growth in regions such as India,
China, and Japan. The massive industrial development in the Middle East and African
region drives the market growth in those regions. North America is also expected to be the
second region with highest compressor oil market growth.