European compressor oil market experiences major growth

Filters

A new industry report has forecast significant expansion for the EU compressor oil market.

Analysts project that the sector will grow from its recorded 2025 worth of $2 bn to $3.1 bn in the year 2035.

Market growth is being propelled by a range of factors including trends in sustainability and advances in industrial automation, according to the report. Greater demand for more eco-compliant lubricants and high-performance synthetic oils also appear to be amplifying the sector’s upward trajectory with cutting-edge products required for a wide range of industrial operations.

Today, air compressor oil and gas compressor oil both see continuous use in effectively maintaining open and closed systems that use compression as a critical process. Lubricant manufacturers like CPI Fluid Engineering provides specialist refrigeration compressor oil via multiple lines including Solest, Emkarate and Icematic that are specifically designed to be miscible with the eco-friendlier refrigerants now being utilised to meet modern legislation.

While CPI is a leading supplier of compressor oil, many other lubricant makers are producing state-of-the art synthetic oils to meet the growing demand in Europe.

The report listed several key players in the compressor oil market that included global petroleum giants and specialised lubricant formulators like Petro-Canada, Mobil, Fuchs, Castrol, Chevron, Total, Shell and Kluber. These market leaders are heavily investing in advanced synthetic base stock technology, energy efficient lubricant designs and original equipment manufacturer (OEM) approvals to answer rigid EU environmental laws. As a result, the EU market for compressor oil is characterised by considerable competition.

Leave a Reply

Your email address will not be published. Required fields are marked *


You may also interested in:

TotalEnergies releases latest energy outlook

Integrated energy giant TotalEnergies has published the eighth rendition of its annual energy outlook.

BP completes sale of Castrol stake

UK-based BP has completed the sale of a majority stake in the Castrol business to US-based investment firm Stonepeak.

Chevron details steps to increase diesel supply

US-based oil major Chevron has outlined its efforts to increase the amount of diesel it is putting on the markets.