Compressor Oil Market Size To Reach $6.79 Billion By 2030

Compressor Oil Market Growth & Trends

The global compressor oil market size is anticipated to reach USD 6.79 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.2% from 2025 to 2030. Growing industrial sector in the Middle East and Asia Pacific is anticipated to drive the demand for compressor oils over the forecast period.

Manufacturers have to comply with regulations and guidelines regarding disposal of industrial compressor oils. Surging demand for bio-based products owing to rising environmental concerns are projected to play a vital role in market expansion. However, high costs associated with production of bio-based product type are poised to remain a key challenge for market participants.

Bio-based compressor oils have significantly shown an increase in terms of market share. Croda International Plc aims at competing with major synthetic lubricant manufacturers by introducing bio-based lubricants. In 2014, the U.S Department of Agriculture approved four Bio-based lubricants of Croda. The bio content in each of the products varies from 70.0% to 90.0%.

Compressor oils are largely used for industrial applications and companies follow the franchise model for establishing good distribution and sales network. These manufacturing companies are realizing the need to concentrate on core competencies by either outsourcing their retail distribution or establishing a subsidiary company.

Compressor oils are capable of performing several functions owing to their anti-wear performance, copper corrosion resistance, foam resistance, rust protection, hydrolytic stability, and oxidation stability properties. In order to achieve a particular performance parameter, compressor oil manufacturers have to invest heavily for experimentation and testing of performance of a particular chemical composition and thus, need to invest heavily in R&D activities.

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Compressor Oil Market Report Highlights

• The dynamic compressor segment in the compressor oil market is expected to grow significantly at a CAGR of 4.9% over the forecast period.

• The bio-based oil segment in the compressor oil market is estimated to grow at the fastest CAGR of 5.4% over the forecast period.

• The manufacturing industry dominated the compressor oil market, with a revenue share of 66.8% in 2024. The sector's growth can be attributed to rising maintenance activities and lubrication applications.

• The Asia Pacific compressor oil market dominated the global market and accounted for the largest revenue share of 41.6% in 2024, owing to the high growth rate of major end use industries such as metalworking, food processing, chemicals, and textiles, coupled with rapid urbanization and industrialization.

Compressor Oil Market Segmentation

Grand View Research has segmented the global compressor oil market report based on compressor, base oil, end-use, and region:

Compressor Oil Compressor Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Positive Displacement Compressor

• Dynamic Compressor

Compressor Oil Base Oil Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Synthetic

• Semi-Synthetic

• Mineral

• Bio-Based

Compressor Oil End-use Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Manufacturing

• Oil & Gas

• Power

• Automotive

• Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Spain

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

  • Venezuela

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • Kuwait

  • Iraq

List Of Key Players in the Compressor Oil Market

• Shell plc

• Chevron Corporation

• Exxon Mobil Corporation

• Repsol

• FUCHS

• Atlas Copco Group

• Hitachi, Ltd.

• Siemens AG

• KAESER KOMPRESSOREN

• MITSUBISHI HEAVY INDUSTRIES, LTD.