Compressor [Lubricant] Oil; Drives Contributes to Cost and Energy Savings

According to Research and Markets analysis, the overall “compressor [lubricant] oil market reached a value of US$ 5.8 Billion in 2020, (Wood, 2021). Romar Oil Company has an expansive list of products, and lubricant oil is amongst them. Such lubricants can be used, for example, for minimizing the compressors used for certain air conditioning and refrigeration systems.

The cooling lubricant allows for the metal parts of the widely used household appliances to function properly despite the tendency of metals to corrode under extreme weather conditions and moisture. The lubricant acts as a barrier against rust while also providing a more stable environment for the machinery which, in turn, creates lower emission costs for the consumer.

Depending upon the type of base oil used (synthetic, mineral, semi-synthetic and bio-based, etc), there can be a wide range of cost and energy saving utilization which is essential to sundry industries: construction, general manufacturing, mining, power generation, chemical and petrochemical, etc (R&M, Wood, 2021).

Aforesaid analysis has found that such cost-effective strategy is essential to the drivers enhancing current market growth. Less energy (in this instance, heat dissipation) leads to decreased temperature of compressors and thereby reduced deterioration and manufacturing repair costs among other factors.

Romar Oil Company is committed to environment-friendly improvements which are causing “significant growth in the heating, ventilation, and air conditioning (HVAC) industry along with the establishment of cold chain facilities, particularly in the developing regions [which] is also augmenting the demand for compressor oil…Other factors such as increasing investments in research and development…activities to develop improved product variants, such as environment-friendly compressor oil, are also favoring the growth of the market. Looking forward, the …global compressor oil market [is expected] to exhibit moderate growth during the next five years,” (R&M, Wood, 2021).

* The report has also analyzed the competitive landscape of the market with some of the key players being Royal Dutch Shell PLC, ExxonMobil Corporation, BP International Limited, Chevron Corporation, Total S.A., Sinopec Group, The PJSC Lukoil Oil Company, Indian Oil Corporation Ltd., The Fuchs Group, Idemitsu Kosan Co. Ltd., Petroliam Nasional Berhad (Petronas), DuPont de Nemours, Inc. (DuPont), Croda International PLC., Sasol Limited, The Phillips 66 Company, Bel-Ray Company LLC., Morris Lubricants Limited and Penrite Oil Company, etc.

— ROC Web News