PAG Compressor Oil Market Analysis

PAG Compressor Oil Market Analysis

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Based on type, the PAG compressor oil market segregates into rotary, reciprocating, centrifugal, and others. The rotary segment is expected to be worth over USD 1.8 billion by 2032, witnessing more than 8.5% CAGR through the projection period. The rotary compression process involves constant movement and generates a significant amount of heat, which makes lubrication of utmost importance, thus driving the demand for PAG lubricants. Besides, PAG oil helps avoid potential leakage in the compression chamber and lubricates rotors and other moving parts, increasing the segment share.
 

With respect to the end-user, the general manufacturing segment is projected to showcase more than 8% CAGR over 2023-2032. Across the manufacturing sector, proper lubrication of equipment is critical to ensure continuous operation and prevent costly repairs and downtime. PAG lubricants help the compressor element to cool down while enabling the system to consume less energy. These attributes have encouraged an increasing number of manufacturing firms to make use of compressed air in their equipment, production, and factory processes, which will boost segment expansion.
 

Asia Pacific PAG compressor oil market is set to exhibit over 8.5% CAGR and exceed a valuation of USD 1.6 billion by 2032. The Asia Pacific is recognized for its massive population base and the skyrocketing demand for consumer-based products, offering an anticipated boost to industrial production in the region. Besides, the growing prominence of major manufacturing firms and the positive outlook of the general manufacturing sector in the region will propel the demand for PAG compressor oil in the approaching years.