Gradual increase in the global industrial output and growing infrastructure development and commercial construction to fuel the demand for compressor oil, says this report.

North America compressor oil market will account significant share in the forecast period owing to the presence of mature manufacturing industry and increasing oil & gas exploration activities in the region.

Portable Air Compressor Market demand from food and beverage application segment is forecast to hit USD 250 million in 2024, driven by rising usage in food and beverages packaging, cleaning and processing activities.

Synthetic Oil Manufacturer Expands Product Offerings Through Strategic Acquisition