Asia Pacific compressor oil market is unlocking fresh opportunities for expansion, thanks to the rising demand for residential and commercial buildings across the region. Upcoming infrastructure development projects in China, Japan, India, Southeast Asia, and Australia are likely to drive manufacturers to multiply outputs to meet the rising industry demands. In the future years, industrialization, positive economic trends, and supporting government policies will boost the rate of industrial production output. Significant expansion in the chemical and food and beverage sectors will almost certainly increase the consumption of compressor oils.
Given these projections, compressor oil market in Asia Pacific size is expected to be valued at $ 3.5 billion by 2027. Some major compressor oil manufacturers in Asia Pacific are BASF SE, Chevron Corporation, British Petroleum, Total S.A., Exxon Mobil Corporation, Royal Dutch Shell PLC, Hindustan Petroleum Corporation Limited, Eni S.p.A, Lukoil, Indian Oil Corporation Limited, and Sinopec Group.
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The pharmaceutical industry requires clean, oil-free compressed air for medication production and packaging. They cannot afford the risk of contamination, and thus, the production circumstances for medicaments must adhere to the utmost sanitary requirements. This applies to the compressed air requirement as well. Manufacturers prefer to use an oil-free compressor for such tasks. Owing to these requirements, APAC compressor oil industry share from the general manufacturing segment accounted for more than 30% of the total market in 2020 and is predicted to rise steadily between 2021 and 2027.
Mineral oil gas has grown in popularity in recent years because of its lower cost when compared to synthetic oil. It has a significantly higher additive solubility than other oils. Because it is also compatible with a wide range of different lubricants, it is simple to combine with other products, fueling its deployment across a wide expanse of industries across the region. Asia Pacific compressor oil market share from mineral oil accounted for $500 million in revenue in 2020.
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Unlike in other industries, there are no rules or legislation defining an acceptable minimum purity level for compressed air used in food manufacturing. As a result, all food and beverage businesses want to take the necessary efforts to ensure that their products satisfy the highest quality requirements. All steps in the supply chain must be continuously monitored, from manufacturing and processing to packing, delivering, and storing, and ensuring compressed air purity requirements are never compromised should be a key concern for decision makers.
Due to a wide range of compressor applications in food packaging and food filling & cleaning equipment, the food & beverage segment in the Asia Pacific compressor oil market will increase with a 3% CAGR over the projected period. Rising population, changing lifestyles, and the growing popularity of packaged goods will all help the food and beverage business flourish.
Table of Contents (ToC) of the report:
Chapter 4. Asia Pacific Compressor Oil Market, By Base Oil
4.1. Asia Pacific compressor oil market, by base oil, 2020 & 2027
4.2.1. Market size, 2017 – 2027
4.2.2. Market size, by compressor type, 2017 – 2027
4.2.3. Market size, by country, 2017 – 2027
4.3.1. Market size, 2017 – 2027
4.3.2. Market size, by compressor type, 2017 – 2027
4.3.3. Market size, by country, 2017 – 2027
4.4.1. Market size, 2017 – 2027
4.4.2. Market size, by compressor type, 2017 – 2027
4.4.3. Market size, by country, 2017 – 2027
Chapter 5. Asia Pacific Compressor Oil Market, By Compressor Type
5.1. Asia Pacific compressor oil industry, by compressor type, 2020 & 2027
5.2.1. Market size, 2017 – 2027
5.2.2. Market size, by country, 2017 – 2027
5.3. Rotary screw
5.3.1. Market size, 2017 – 2027
5.3.2. Market size, by country, 2017 – 2027
5.4.1. Market size, 2017 – 2027
5.4.2. Market size, by country, 2017 – 2027
5.5.1. Market size, 2017 – 2027
5.5.2. Market size, by country, 2017 – 2027
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