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PAG Compressor Oil Market Size

Report ID: GMI5405
Published Date: Nov 2024
Report Format: PDF

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PAG Compressor Oil Market Size

The global PAG compressor oil market was valued at USD 1.4 billion in 2024 and is estimated to grow at a CAGR of over 7% from 2025 to 2034.

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The increasing demand for air compressors across the industrial sector will propel the demand for PAG compressor oil. Industrial production has witnessed a massive boom over recent years owing to the supportive policy framework, technological breakthroughs, and improving economic landscape across both developed and developing nations such as China, Japan, India, Germany, and the US. For instance, according to the Indian Ministry of Finance, the Index of Industrial Production (IIP) reached an average of 137.9 in Quarter 2 from 122.8 in Quarter 1 during FY 2022-23.

PAG Compressor Oil Market Report Attributes
Report Attribute	Details
Base Year:	2024
PAG Compressor Oil Market Size in 2024:	USD 1.4 Billion
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	7%
2034 Value Projection:	USD 2.8 Billion
Historical Data for:	2021 - 2024
No. of Pages:	220
Tables, Charts & Figures:	400
Segments covered:	By Type, End Use
Growth Drivers:	Rising demand for air compressors in the industrial sector Mature manufacturing sector in North America and Europe High growth in the Asia Pacific construction and infrastructure industry Growth in passenger vehicle sales
Pitfalls & Challenges:	Stringent government regulations and norms Volatility in raw material prices

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for PAG compressor oil was valued at USD 1.4 billion in 2024 and is expected to reach USD 2.8 billion by 2034, driven by a CAGR of over 7% from 2025 to 2034.

The rotary type accounted for USD 930.6 million in revenue in 2024 and is projected to reach USD 1.8 billion by 2034, driven by the need for effective lubrication in rotary compression processes.

The U.S. market was valued at USD 191.6 million in 2024, driven by advanced industrial infrastructure and strong demand for efficient lubricants in sectors like automotive, HVAC, and manufacturing.

Major players in the industry include AMSOIL, BOSS Lubricants, Castrol, Exxon Mobil Corporation, Idemitsu Lubricants, Philip 66 Lubricants, Sudheimer Car Technik Vertriebs, and Total Lubricants.