#Air Compressor Market Share

[researchrealmblog]

Types and Applications of Air Compressors

An air compressor transforms power also known as pneumatic device (from diesel engine, electric motor, another engine, etc.) into potential energy stored in pressured air. By 2030, it is predicted that the air compressor industry would be worth $45,888.0 million.

The increased need for environmentally friendly air compressors throughout the world, the availability of cutting-edge manufacturing facilities, growing industrialization, and technical breakthroughs will all play a significant role in this.

Rotary Screw Compressors

Rotary screw air compressors are frequently big, industrial-sized devices that may either run on oil or without oil for lubrication.

Moreover, two internal, counter-rotating rotors in rotary screw air compressors provide energy. A pressure buildup occurs inside the housing as a result of the air becoming trapped among the two opposing rotors. These air compressors, which have a power range of 5 to 350 horsepower, are made for continuous usage thanks to their inbuilt cooling system.

Reciprocating Compressor

The reciprocating compressor is another popular type of displacement compressors. These are often seen at smaller building sites, including garages and residential homes. Such compressors are not intended for continuous usage, in contrast to the rotary screw compressor.

Further, the moving components of a reciprocating air compressor are more numerous than those in a rotary screw compressor, and they are maintained with oil to ensure smoother operation.

These air compressors function by compressing and displacing the air inside a cylinder to increase pressure. The pressure ranges that reciprocating compressors may reach might be single- or multi-stage variations.

Centrifugal Compressors

To create potential energy, centrifugal air compressors delay and cool the incoming air as it passes through a diffuser. Centrifugal compressors can generate a large quantity of energy in a comparatively compact machine because of the multi-phase compression process.

They need less care than reciprocating or rotary screw compressors, and certain varieties may create air without oil. Since they have a maximum horsepower of 1,000, they are often employed for more difficult building sites like chemical factories or steel manufacturing facilities.

What Are The Applications of Air Compressor?

Air compressors can be used for a variety of tasks, such as providing high-pressure, clean air to fill gas cylinders, clean air to a submerged surface supplied diver, moderate-pressure, and moderate-pressure, clean air to drive some pneumatic HVAC control system valves in office and educational buildings.

It is providing a significant quantity of moderately pressured air to fuel pneumatic equipment like jackhammers, fill HPA tanks, fill tires, and generate significant amounts of moderately pressured air for significant amounts of industrial operations.

In addition, air compressors are frequently used in drilling, mining, and the oil

and gas industries to aerate drilling fluids, flush out pipelines, and flush out flushing medium.

Most air compressors are either rotary vane, rotary screw, or reciprocating piston types. While reciprocating, rotary screws and scroll air compressors are preferred for small and medium-sized applications, centrifugal compressors are frequently used in very large applications.

Source: P&S Intelligence

[marketsreport]

The global air compressor market size reached US$ 18.5 billion in 2023. Looking ahead, IMARC Group anticipates the market to grow to US$ 25.0 billion by 2032, with a compound annual growth rate (CAGR) of 3.3% from 2024 to 2032. Key factors driving market growth include increasing industrial applications, a focus on energy efficiency, the rising adoption of automation and pneumatic systems, and significant advancements in IoT and smart technologies.

[abhigmi]

Air Compressor Market to Observe Rugged Expansion at a Top CAGR by 2027

Air compressor market size is forecast to exceed USD 86.41 billion by 2027; according to a new research report by GMI Inc. Increasing production of home appliances and automobiles in Asia Pacific is likely to fuel the air compressor industry demand. The industry development will also be augmented by expansion in the oil & gas sector in the U.S. Additionally, Swift industrial developments in evolving nations of Latin America and Asia Pacific will bolster market demand. Mounting infrastructure and construction advancement activities in India, Brazil, China, and few other developing nations is influencing the market expansion.

The compressor market is expected to witness a steady growth in demand owing to its varied area of applications. The increasing demand for home appliances such as air conditioners and refrigerators with advancing living standards of the people coupled with the hot climate of the Asian, South American, the Middle East & African countries will significantly enhance the demand for air compressors. Moreover, the increasing demand for oil exploration & mining activities and developments in the power & energy generation sector will certainly drive the air compressor market. Budding energy and healthcare industries in African nations will further boost the product consumption.

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However, noise pollution is one of the leading problems faced by people across the world. Unwanted noise from these air compressors can cause hypertension, psychological health, sleep disturbances, high stress levels, hearing loss, tinnitus, and other harmful ailments. This can be a limiting factor in the air compressor industry as regulatory bodies of various nations have formulated guidelines regarding the noise levels released from air compressors.

Portable compressors to be the swiftest growing product by 2027

Portable air compressor market is projected to grow with the maximum CAGR of around 8% through 2027. Increasing oil & gas exploration & mining activities, rising number of offshore oil rigs, and increasing construction activities in developing countries will drive the segment demand.

Reciprocating technology is anticipated to gain the maximum volume share

Reciprocating technology is poised to gain the largest volume share of more than 40% in 2020. Single stage reciprocating compressors are used in small businesses and households, whereas, the double stage types are used in industrial applications as they provide more power. These compressors are commonly used in industrial applications to power pneumatic tools and equipment, where the power required is less than 30 HP.

Oil free compressors are likely to garner a considerable market share

The oil free air compressors market is predicted to hold over 35% share by 2027. Wide acceptance of oil-free air compressors in several end-use industries, where oil contamination may be disastrous such as healthcare and electronics is driving the segment expansion. Lightweight and continuous supply of uncontaminated compressed air will create potential opportunities for these products.

Food & beverage is forecast to become the swiftest mounting industry

Food & beverage application is projected to rise with a CAGR of around 5.5% through 2027. Compressors used in the food & beverage industry are medium in size. Due to the risks of contamination of food products, air compressors are used in food & beverage manufacturing needs to supply very clean, dry, and contaminant-free air. A robust growth in the Asia Pacific food & beverage industry will drive the global market development.

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Asia Pacific to demonstrate strong development

The APAC air compressor market size valued at about USD 14 billion in 2020. Asia Pacific, predominantly strengthened by the Chinese industry. Rising usage and manufacturing of household appliances in the region will augment industry demand. Air compressors are widely used in air conditioners, refrigerators, freezers, inflatable household items or to inflate tires. The small in size and capacity air compressors find extensive usage in household appliances.

The major manufacturers present in the air compressor market are Ingersoll-Rand, Atlas Copco, Sullair, Kaeser Kompressoren, Bauer Compressors, Bitzer, Daikin, Emerson Tecumseh, Doosan Portable Power, GMCC, and Embraco.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Market definition

1.2    Base estimates & working

1.2.1    North America

1.2.2    Europe

1.2.3    APAC

1.2.4    LATAM

1.2.5    MEA

1.3    Forecast parameters

1.4    COVID-19 impact calculations on industry forecast

1.5    Data sources

1.5.1    Primary

1.5.2    Secondary

1.5.2.1    Paid resources

1.5.2.2    Public resources

Chapter 2   Executive Summary

2.1    Air compressor market 360° synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Technology trends

2.1.4    Lubrication trends

2.1.5    Application trends

2.1.6    Regional Trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/air-compressor-market

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[amr-jayprakash]

Air compressor is a device with the capability to pressurize and compress air to convert the power into kinetic energy. This device builds-up pressure by increasing the force applied on air into a storage tank. Using the kinetic energy possessed by the compressed air, the air compressor provides the required energy to various tools, equipment, and machineries across multiple industry verticals. The air compressor has large scope of applications in different end-users for vacuum packaging, dehydration, air blowing, tool powering, spray painting, cleaning, and medical equipment.

[marketsndata]

[market-insider]

Air Compressor Market Growth Attributed To Increased Proliferation In Manufacturing Sector

The global air compressor market size is anticipated to reach USD 40.98 billion by 2028, registering a CAGR of 3.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. Air compressors are used in various industries, such as food and beverages, home appliances, oil and gas, semiconductors and electronics, healthcare, manufacturing, and energy. The rising need for the reduction of CO2 emissions and stringent regulations pertaining to environmental conservation is anticipated to boost market growth. Moreover, eco-friendly, reliable features, ease of handling, and low maintenance costs offered by the product are propelling its demand.

The onset of the COVID-19 pandemic resulted in lockdowns and declining investments across industries and verticals, which hampered the growth of the market. However, after a short slowdown, the market is expected to rebound and witness a healthy growth rate in the post-pandemic era. The growing consumer awareness regarding product quality, the need for improved air quality, and supportive government policies on energy conservation are anticipated to boost the market growth. At workplaces, air compressors are required to comply with the Occupational Health & Safety (OHS) regulations, which would positively impact the market over the forecast period.

Gain deeper insights on the market and receive your free copy with TOC now @: Air Compressor Market Report

Oil-free air compressors are expected to emerge as the fastest-growing lubrication segment. The growth is attributed to the increased proliferation in the manufacturing sector. Moreover, oil-free compressors reduce the operating costs by evading compressor oil separator elements and down-streaming filter replacement costs.

[takeoffphilippines]

Beko Marks 3rd Anniversary In The Philippines With Trade Launch, Lays Out Business Development Plans

Beko Philippines is entering a new phase of business in their journey to bring the European brand to a sustainable lifestyle for Filipino customers. In celebration of its third year of operations, Beko announces its goal of being the number one European brand in the Philippine market in the next 5 years.

“We are very happy to be holding this trade launch for our dealers and stakeholders as we share that Beko will be a bigger and better brand in the Philippines in 2023 and beyond,” said Gürhan Günal, Beko’s country director in the Philippines, who also presented the company’s business development plans of EXPAND, GROW, LEAD, CONNECTIVITY and SUSTAINABILITY for the Philippines along with the brand’s hero technologies at the anniversary trade launch at the Grand Ballroom of Marriott Hotel Manila.

This is the heart and reason why this year, Beko will be made available soon in other appliance stores nationwide as it continues to “expand” its distribution to other retail channels.

To further “grow” brand awareness and visibility they also announced the renewal of their brand ambassadorship with Judy Ann Santos-Agoncillo alongside with digital and traditional media investments.

As one of the “leading” manufacturers of home appliances, Beko promotes the Live Like a Pro lifestyle and inspires Filipinos to experience a more convenient way of living through European style product lines. They stated that Beko Pilipinas Corporation is the exclusive distributor of Hitachi Major Domestic Appliances as part of their brand portfolio.

Beko appliances are made smart, relevant and designed to easily support Filipino families. With the HomeWhiz function you can easily “connect” to your Beko appliances with the use of your smartphones.

As part of Beko’s global sustainability effort, Beko Philippines announces its partnership with Plastic Credit Exchange, which serves a global ecosystem of carefully vetted partners that recover, process, and recycle plastic waste with programs that improve livelihood, scale up social impact, and reduce the flow of plastic pollution into nature. The partnership is in line with Extended Producer Responsibility Law, which holds companies responsible for the plastic packaging they use throughout the lifecycle of their products.

Trade launch showcasing hero technologies

As Beko marked its third year in the Philippines, the appliance brand held a grand trade launch for its dealers at the Marriott Hotel Grand Ballroom with the theme “Empowered to Live Like A Pro.”

During the whole-day event, guests, including media and dealers, got to experience Beko’s range of appliances. They also got tips from a chef and an interior designer on how to manage their homes like a pro.

Beko Philippines showcased its hero technologies, such as HarvestFresh, ProSmart Inverter Technology, Steam Cure, Hygiene+,  AeroPerfect TM and many others. These technologies help you live like a pro. Among the products displayed that day were cookers. The HII64205F2MT  is a 60x50cm built-in induction hob with four Cooking Zones and two 2 Flexizone, nine cooking levels and a glass burner plate. Meanwhile, the BBIS14300XCSE 60x60cm. multifunction built-in oven with six cooking functions,  including Steam Aid feature for moist and even cooking.

There were also refrigerators, one of the appliances which Beko is famous for. The GNO480E40HFGBPH is a 16.6cf inverter multi-door refrigerator with Neofrost Triple Cooling Technology, HarvestFresh, Prosmart Inverter Compressor, in sleek black glass door finish.  Also featured is the Hitachi Refrigerator R-WB640VG0-1 GBK with Vacuum Technology with Platinum Catalyst, Inverter X Dual-fan Cooling with Eco-thermo sensor.

Other appliances include the CEG7302B, a bean-to-cup espresso machine and the BSEOG180/181 2Hp air-conditioner with Go Clean Technology, MicroClean TM Filter, Gold Guard, ZoneFollow, 4D Auto Swing and HomeWhiz.

Beko appliances are available at 1st Megasaver, Abenson, All Home, Anson’s, Appliance Centrum, Asian Home Appliance, Automatic Centre, BHF, Echo Electrical, Fair N Square, Gloria Bazaar, Great World, Hat, J Marketing, Lazada, Magic Appliance, Manhattan Appliance, Mike’s Department Store, NB Marketing, Pricewise, RS David, Our Builders, Robinsons Appliance, Savers, Shopee, SM Appliance, Solidmark, SVC & Plusign, United Motoliance, and Western Appliance.

For more information about Beko in the Philippines, go to http://beko.ph or visit their Facebook page at https://www.facebook.com/bekoph and their Instagram page at https://www.instagram.com/bekoph/.

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[aircompressor88]

Team of Gajjar Compressor

In the competitive and ever-evolving world of engineering and manufacturing, a company’s success is built on the foundation of teamwork, dedication, and a shared vision. At Gajjar Compressor, we believe in the power of our people. Every member of our team brings unmatched expertise, commitment, and innovation to the table. Together, we have made Gajjar Compressor a trusted name in the air compressor industry.

Here, we share a heartfelt message from our team to you, our valued customers, partners, and stakeholders.

Commitment to Excellence

At Gajjar Compressor, excellence isn’t just a goal—it’s a promise. Every member of our team strives to deliver superior products that exceed expectations. From our engineers who design innovative air compressors to our quality assurance experts who meticulously check every component, we are dedicated to ensuring that every product that leaves our facility reflects our high standards.

Our team’s commitment to excellence also extends to customer service. Whether you need guidance in selecting the right compressor or technical support for maintenance, our customer service team is always ready to assist you with professionalism and care.

A Culture of Collaboration

Our success is rooted in teamwork. At Gajjar Compressor, collaboration is not just encouraged—it is celebrated. Each department works in harmony to achieve our shared goals.

Engineers and Designers: Innovating and improving our air compressor designs to meet modern demands.

Manufacturing Experts: Crafting each compressor with precision and skill, ensuring durability and efficiency.

Sales and Support Teams: Building strong relationships with clients and addressing their unique needs.

Leadership: Guiding the company with a clear vision and fostering a culture of innovation.

This collaborative spirit not only benefits our company but also ensures that our customers receive the best products and services possible.

Innovation Drives Us

The engineering world is rapidly evolving, and staying ahead requires innovation. At Gajjar Compressor, we take pride in our ability to adapt and innovate.

Our R&D team is constantly exploring new technologies to enhance the performance and efficiency of our air compressors. Whether it’s developing energy-efficient models or integrating advanced automation, we strive to remain at the forefront of industry trends.

Innovation isn’t limited to our products; it extends to our processes. By embracing modern manufacturing techniques and digital tools, we ensure that our production lines are efficient, sustainable, and of the highest quality.

Sustainability at Heart

As a responsible manufacturer, Gajjar Compressor recognizes the importance of sustainability. Our team is committed to minimizing our environmental footprint.

From designing energy-efficient air compressors that consume less power to adopting eco-friendly practices in our manufacturing facilities, sustainability is a key focus. Our goal is to help industries worldwide reduce energy consumption and promote greener practices through our products.

Customer-Centric Approach

Our customers are at the core of everything we do. Each member of the Gajjar Compressor team works with a customer-first mindset. We understand that every client has unique requirements, and we are committed to providing tailored solutions.

Our customer-centric approach includes:

Personalized Consultations: Helping you choose the right compressor for your specific needs.

After-Sales Support: Ensuring that you receive ongoing maintenance and assistance long after your purchase.

Feedback-Driven Improvements: Listening to our customers and continuously improving our products and services.

We value the trust you place in us and strive to exceed your expectations at every turn.

A Global Vision

Gajjar Compressor started as a small company with big dreams. Today, we are proud to be a global player in the air compressor market. Our products are used in industries across the world, and our team takes immense pride in representing Indian engineering excellence on the global stage.

Our vision is to continue expanding our reach while maintaining the same quality and customer focus that has earned us international acclaim.

Our Team Speaks: Messages from Key Members

Engineering Team

“Our goal is to design air compressors that set benchmarks for performance and reliability. We are constantly learning, innovating, and improving to meet the needs of our clients.”

Quality Assurance Team

“Every compressor that leaves our facility goes through rigorous testing. We ensure that our products are durable, efficient, and ready to deliver optimal performance in real-world applications.”

Customer Support Team

“Our mission is to build lasting relationships with our customers. We are here to listen, assist, and ensure your complete satisfaction with our products.”

Leadership Team

“Gajjar Compressor is more than a company; it’s a family. We are proud of our team and the work we do. Our commitment is to continue delivering value to our customers and making a positive impact in the industry.”

Celebrating Our Journey

From humble beginnings to becoming a leading air compressor manufacturer and exporter, the journey of Gajjar Compressor has been remarkable. This success wouldn’t have been possible without the hard work and dedication of our team.

We celebrate every milestone as a team and use our achievements as motivation to aim even higher.

Looking to the Future

The future holds exciting opportunities for Gajjar Compressor. As we continue to grow and innovate, we remain focused on our core values: quality, integrity, and customer satisfaction.

Our team is exploring new markets, developing next-generation air compressors, and embracing digital transformation to stay ahead in the industry.

A Thank You to Our Stakeholders

To our customers, partners, and employees: Thank you for being an integral part of Gajjar Compressor’s success. Your trust, support, and contributions inspire us to work harder and achieve more.

We are proud to serve you and look forward to continuing this journey together.

Conclusion

At Gajjar Compressor, our team is our greatest strength. Together, we are committed to delivering excellence, embracing innovation, and building lasting relationships with our customers.

This message from the team is a reflection of our passion, dedication, and gratitude. We invite you to join us on our journey as we continue to set new benchmarks in the air compressor industry.

Thank you for choosing Gajjar Compressor. Let’s build a brighter, more efficient future together. 

[abhigmi]

Stationary Air Compressor Market Trends, Segmentation and Registering a Strong Growth by 2032

Stationary Air Compressor Market is expected to grow exponentially through 2032, propelled by their use in areas where the demand for stay-at-location compressors is rising. Besides, stationary air compressors are ideal for auto repair shops, industrial plants, and manufacturing locations, which are further slated to enhance market expansion over the coming years. In addition, the rising technological innovations in the space are further estimated to expand the industry outlook in the future.

The key players operating in the stationary air compressor industry are constantly investing in R&D, new product launches, and engaging in mergers, acquisitions, and partnerships to reinforce their presence in the market. For instance, in December 2021, Sullair, an industry leader in innovative compressed air solutions, acquired it's Salt Lake City, UT-based distributor, CPS (Compressor-Pump & Service). The move would enable Sullair provide CPS customers with uninterrupted and unwavering support.

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Overall, the stationary air compressor market is segmented in terms of technology, lubrication, application, and region.

Considering the technology, the reciprocating segment is expected to depict a CAGR of over 3% by 2032. The growth can be attributed to factors such as lower cost, ease of maintenance compared to scroll compressors, and a lesser heating tendency.

Based on lubrication, the oil-free compressor segment is expected to gain momentum over the forecast period owing to the growing product demand across various industries. The rising adoption can be backed by their lightweight and ability to deliver uncontaminated compressed air in application areas where oil-contaminated air may impose serious consequences on sectors such as food & beverages, healthcare, electronics, etc.

On the basis of application, the home appliances application segment is expected to be valued at over USD 25.5 billion by 2032 end. Factors such as strong economic growth, urbanization, and increasing consumer spending in developing economies will propel the home appliances market expansion, thereby escalating the product consumption.

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In terms of applications, the oil & gas application sector is expected to register considerable gains over 2023-2032, owing to the increasing oil & gas production and consumption worldwide. In addition, factors such as increasing population, government investments, rising demand from developing nations, and industrialization will further drive the segmental growth in the ensuing years.

Regionally, the Asia Pacific stationary air compressor market is anticipated to exhibit over 3.5% CAGR through 2032. The regional growth can be attributed to the rising production of automobiles and the considerable growth in manufacturing operations across various APAC countries. Besides, the advancing home appliances sector is expected to foster regional market progression during the estimated timeframe.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Scope & Market definitions

1.2    Methodology & forecast parameters

1.3    COVID-19 impact calculations on the industry forecast

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    Middle East & Africa

1.4    Regional trends

1.5    Data sources

1.5.1    Primary

1.5.2    Secondary

Chapter 2    Executive Summary

2.1    Stationary air compressor market 360º synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Technology trends

2.1.3    Lubrication trends

2.1.4    Application trends

2.1.5    Regional trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/stationary-air-compressor-market

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[marketingreportz]

Compressor Oil Market - Forecast(2024 - 2030)

Overview

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With rising concerns about energy consumption and environmental impact, there is a heightened focus on developing compressor oils that contribute to energy efficiency and environmental sustainability. Manufacturers are innovating with low-viscosity oils and formulations with reduced frictional losses to optimize compressor performance and minimize energy consumption. Additionally, there is a shift towards eco-friendly compressor oil formulations that comply with environmental regulations and promote sustainable practices in industrial operations.

By Base Oil Type: Synthetic Oils (Polyalkylene Glycols (PAGs), Polyalphaolefins (PAOs), Diester and Polyolesters, Phosphate Esters, Silicone Based), Mineral Oil, and Others

By Compressor Type: Positive Displacement Compressor (Rotary Compressor and Reciprocating), Dynamic Compressor (Centrifugal Compressor and Axial Compressor).

By End-Use Industry: Chemical & Petrochemical, Transportation, Food & Beverages, Oil & Gas, Marine, Pharmaceutical, Metal Fabrication, Mining, Energy, and Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, ANZ, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

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Key Takeaways

Asia-Pacific region dominated the compressor oil market, due to the high consumption of compressor oil in emerging and developing Asian countries such as India, China, Japan, Malaysia, South Korea, and others.

Growing demand for compressor oil as they help to reduce production cost in various end-use industries such as chemical & petrochemical, oil & gas, and others. According to the American Chemistry Council (ACC), in the United States, chemical exports are expected to grow by US$ 134.5 billion in 2021.

Increasing demand for synthetic lubricants as they have various properties such as anti-oxidation, excellent thermal stability, excellent viscosity index, and others is estimated to growing the compressor oil market size.

Compressor Oil Market Segment Analysis — by Type

The synthetic oil segment is projected to witness the highest share of 55% in the compressor oil market in 2023 as it comes with excellent properties such as anti-oxidation and thermal stability. Polyalphaolefins synthetic oil can contribute to an extended service life of machine parts at a low cost. Synthetic oil provides outstanding viscosity index, high flash point, low pour point, and excellent hydrolytic stability, thus it is widely required in air compressors especially vane and screw compressors. Furthermore, synthetic lubricant improves the fuel efficiency of machine parts and reduced operating costs. Hence, the consumption of synthetic base oil is estimated to influence the market for compressor oil

Compressor Oil Market Segment Analysis — By Compressor Type

Positive displacement compressor type segment held the largest share of 56% in the compressor oil market in 2023 as they have excellent operational efficiency. Positive displacement compressors capture the volume of air in a chamber. They help to reduce the volume of the chamber to compress the air. This type of compressor uses vanes instead of helical blades on a rotor to compress air that enters the cavity. Positive displacement compressor uses a piston for air compression that moves backward and forward. A rotary compressor is a very required positive displacement air compressor type. It sucks air into the cylinder, then closes the valve, and compresses the air with two rotors. These rotors rotate regularly and run through the chamber. Compressor oils lower the temperature of the operation during the mixture of air and oil. The maximum output of a rotary compressor is mostly 600 horsepower and 1000 horsepower of the reciprocating compressor. Hence, the growing demand for positive displacement compressors is estimated to grow the consumption of compressor oil.

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Compressor Oil Market Segment Analysis — By End-Use Industry

Chemical & petrochemical sector held the largest share in the compressor oil market in 2023 and is growing at a CAGR of 4.6% during this forecast period of 2024–2030, as compressor oil increases the service of machine, reduces operational cost & power consumption during operation. Thus, the increasing chemical & petrochemical industry is estimated to grow the consumption of compressor oil. Apart from this, according to the U.S. Energy Information Administration, the total natural gas production is projected to contribute 30% and more than 75% in Canada & Mexico, respectively by 2040. Hence, all factors are estimated to grow the consumption of compressor oil. The use of compressor oils in the chemical and petrochemicals industry is to guarantee the untroubled functioning of the machine parts and also help in minimizing the expenses and increasing the lifetime of the machine.

By Geography — Segment Analysis

Asia Pacific dominated the compressor oil market in 2023 with a share of more than 45%. China and India are expected to witness high demand for compressor oil during the forecast period, with the growing need from the oil & gas industry, automotive industry, chemical & petrochemical industry, and others. Compressor oils provide different advantages such as reduces energy consumption, reduces operational cost, longer life, corrosion resistance, synthetic solvency, and others. Thus, these lubricants are widely consumed by end-use sectors. According to the U.S. Energy Information Administration, the total natural gas production is projected to contribute more than 40% in China by 2040. As compressor oils are used in power transmission to machines and engines, so the increasing automotive industry is also estimated to grow the consumption of compressor oil. Additionally, according to the Association of Automobile Manufacturers, China has become a world leader in the electric bus segment which grows in production of electric buses at 34% by 2025. Hence, such factors are estimated to grow the demand for compressor oil in the region.

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Drivers — The Compressor Oil Market

Increasing Consumption of Compressor Oil from Automotive Industry

Compressor oil lubricants are used for inflating vehicles, cars, and motorcycle tires. These air compressor oil used to transfer power to the machine and engines. Compressor oil is used in the production cycle of the automotive industry due to its ease of maintenance and reduction in operative costs. Thus, increasing automotive production is estimated to grow the consumption of compressor oil. In 2023, the Australian car market experienced growth despite widely publicized supply issues. A total of 1,081,429 new cars, SUVs, and commercial vehicles were delivered, marking the best result since 2018 when 1,153,111 vehicles were sold. Toyota secured the top spot in annual sales, achieving its best result in 14 years. Mazda followed in second place, while Kia achieved its best-ever result for a third-place finish. Notably, battery electric vehicles accounted for 3.1% of sales, and this trend is expected to continue in 2023 with more affordable models from China entering the market1.

Fast forward to 2023, and the Australian new vehicle market has rebounded significantly in the first half of the year, showing 8.2% growth compared to the same period in 2023. Some interesting developments include, Hence, such factors are expected to grow the compressor oil market size

Growing Demand for Positive Displacement Air Compressor

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Positive air compressors such as rotary compressors and reciprocating compressors are widely used as they require a low cost of production. The positive air compressor has a high-pressure ratio, thus it is widely used in refrigerators, chemical plants, automotive cylinders, and hydraulic cylinders. Reciprocating positive displacement air compressors are designed for the double or single chamber, as they use the piston for the constant movement of air in the chamber. Apart from this, rotary compressor such as screw compressor has safety devices that are fully packaged and pre-installed. Hence, as it reduce the production cost, the demand for positive displacement air compressor is estimated to boost from the chemical industry which, in turn, is expected to grow the compressor oil market size.

Challenges — Compressor Oil Market

Volatility in Raw Material Prices

Synthetic oils are typically created from chemically modified materials such as petroleum components but the base material is always distilled crude oil. Although polyalphaolefin is produced through a synthetic chemical process that originated from ethylene. Ethylene is produced by cracking crude oil. Hence, fluctuation in crude oil prices may hamper market growth. The U.S. Energy Information Administration (EIA) projected that Brent crude oil prices would average $83 per barrel in 2023, down from $101/b in 2022. This decline was mainly due to expectations of global oil production outpacing consumption. Another forecast indicated that the Brent price would stay relatively flat through the second quarter of 2023, averaging $85/b, and then decline through the end of the year.

Compressor Oil Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Compressor Oil Market. Major players in the Compressor Oil Market are Chevron U.S.A. Inc, Croda International Plc, Eurol, Exxon Mobil Corporation, FUCHS, HP Lubricants, LUKOIL Marine Lubricants DMCC, OMSC, Royal Dutch Shell plc, Sasol and among others.

Developments:

In February 2023, Chevron Shipping Company LLC, a subsidiary of Chevron Corporation, announced an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd. to install new technologies to support the energy transition goals and lower carbon footprint of Chevron vessels

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Composites Market Dynamics: Opportunities, Challenges, and Growth Forecast

The global composites market was valued at USD 93.69 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. This growth is primarily driven by the increasing demand for lightweight components, particularly in the automotive and transportation sectors. Additionally, the growing adoption of advanced lightweight components across various manufacturing industries is expected to further boost market growth during the forecast period.

Composites are widely used in the aerospace and defense sectors due to their ability to significantly reduce the weight of military aircraft and helicopters. The reduction in weight is critical for enhancing fuel efficiency and improving overall performance, making it a key driver of growth in these industries.

Regional Insights

Asia Pacific:

The Asia Pacific region dominated the global composites market, accounting for 45.4% of the global demand in 2022. The region is expected to continue its strong growth trajectory during the forecast period, largely driven by the presence of key manufacturers in major economies such as China, India, and Japan. These countries serve as key hubs for industries like automotive, construction, aerospace, and electronics, which are major consumers of composite materials.

US:

In the United States, the demand for composites is primarily fueled by the growing need for lightweight materials in the automotive industry. The increasing capacity of the electrical and electronics sectors, along with steady growth in the automotive and aerospace industries, are expected to contribute significantly to the market expansion in the U.S. over the forecast period.

Europe:

In Europe, the demand for composites is predominantly driven by Western European countries, where large-scale manufacturing industries are well-established. The automotive, aerospace and defense, construction, and electrical and electronics sectors play a key role in driving the demand for composites. The emergence of new aircraft manufacturers, such as Commercial Aircraft Corporation of China, Ltd., is expected to further boost aircraft production and intensify competition among manufacturers, stimulating growth in the composite materials market.

Central & South America:

The composites market in Central and South America is showing solid growth, particularly in Brazil, where the construction sector has seen robust expansion in recent years. This growth, along with the increasing demand for composites in other end-use industries, makes the region an attractive market for both regional and local players, further strengthening the demand for composite materials.

Browse through Grand View Research's Category Advanced Interior Materials Industry Research Reports.

The New England air compressor market size was estimated at USD 225.0 million in 2024 and is projected to grow at a CAGR of 3.5% from 2025 to 2030.

The Central and South America geosynthetics market size was estimated at USD 1.16 billion in 2024 and is projected to grow at a CAGR of 6.4% from 2025 to 2030. 

Key Composites Companies

The competitive rivalry among manufacturers in the composites market is intense, driven by the presence of both global and regional players competing for market share. As the demand for composite materials increases across various industries, such as automotive, aerospace, construction, and electronics, manufacturers are vying to offer innovative and cost-effective solutions.

Some prominent players in the composites market include:

Teijin Ltd.

Toray Industries, Inc.

Owens Corning

PPG Industries, Inc.

Huntsman Corporation LLC

SGL Group

Hexcel Corporation

DuPont

Compagnie de Saint-Gobain S.A.

Weyerhaeuser Company

Momentive Performance Materials, Inc.

Cytec Industries (Solvay, S.A.)

China Jushi Co., Ltd.

Kineco Limited

Veplas Group

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