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PAG Compressor Oil Market Trends

Report ID: GMI5405
Published Date: Nov 2022
Report Format: PDF

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PAG Compressor Oil Market Trends

Air compressors emit loud noises and significantly increase pollution. Several countries have formulated stringent policies pertaining to regulating sound and pollution levels, fostering the demand to incorporate soundproofing materials in these systems. This will result in an increased manufacturing cost and may hamper the PAG compressor oil sales. Moreover, the fluctuating prices of raw materials such as base oils, crude oil, and additives make it difficult for manufacturers to maintain affordability in production cycles and garner decent profit margins, which will further impact the market dynamics.

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global market for PAG compressor oil was valued at over USD 1.3 billion in 2022 and is poised to exhibit more than 8.5% CAGR from 2023 to 2032 owing to the booming industrial sector and subsequent rise in demand for air compressors.

Rotary segment is anticipated to amass over USD 1.8 billion by 2032 owing to the increasing lubrication requirements in the rotary compression process due to consistent movement and heat generation.

General manufacturing segment is expected to witness more than 8% growth rate between 2023 and 2032 driven by the ability of PAG compressor oil to cool down compressor elements and minimize the prospects of costly repairs and downtime.

Players in the PAG compressor oil market include Idemitsu Lubricants America (ILA), BOSS Lubricants, Castrol, Philip 66 Lubricants, Total Lubricants USA, Inc., Sudheimer Car Technik Vertriebs (SCT) (MANNOL), AMSOIL Inc., and Exxon Mobil Corporation.