Compressor Oil Market Expected To Fuel Industry Growth With $5.59 Billion By 2025: Grand View Research Inc.
According to a report published by Grand View Research, the demand for the compressor oil market has witnessed an upsurge in the recent past owing to the usage of the product in end-use industries such as manufacturing, food processing, chemical, automotive, construction, and aerospace. According to a report, “ Compressor Oil Market Size, Share & Trends Analysis Report By Base Oil (Synthetic, Mineral, Bio-Based), By Compressor Type (Positive Displacement, Dynamic), By End Use, And Segment Forecasts, 2018 - 2025 ” published by Grand View Research, Inc., the global compressor oil market size is estimated to reach USD 5.59 billion by 2025, progressing at a CAGR of 5.1% during the forecast period. The growing industrial sector in the Middle East and the Asia Pacific is anticipated to drive the demand for compressor oils over the forecast period. Manufacturers have to comply with regulations and guidelines regarding the disposal of industrial compressor oils. Surging demand for bi