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Compressor Oil Market Value to Reach US$ 11,001.4 Million by 2034: Amid Robust Industrial Growth Globally | Future Market Insights, Inc. [Yahoo! Finance]

Quaker Houghton (KWR) 
Last quaker houghton earnings: 3/2 04:39 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Global demand for petroleum-derived products is escalating and the production capacity is also gradually increasing. Chemical & Petrochemicals sector is one of the largest consuming industries where compressor oils find their extensive usage. NEWARK, Del, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Global sales of compressor oils are estimated to total US$ 6,513.7 million in 2024. The market is poised to expand at a 5.4% CAGR during the forecast period, reaching a valuation of US$ 11,001.4 million by 2034. Synthetic oils remain a widely consumed oil type in the market. This is due to their excellent heat and wear resistance. The target segment is poised to expand at a CAGR of during the assessment period. East Asia is expected to dominate the global compressor oil market during the forecast period. It will likely hold of the global market share in 2034. This is due to rapid industrial growth in countries like Japan, South Korea, and China. The compressor oil industry is poised to exhibi Show less Read more
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