Compressor oil is made up of paraffinic base oil and additives to provide high performance lubrication in compressors. It provides long-term benefit in the majority of compressors by providing corrosive protection, thermal stability, and oxidation resistance. The product is made from various base oils, including synthetic oil, semi-synthetic oil, mineral oil, and bio-based oil. To gain significant market shares, the key players in the Global Compressor Oil Market are employing various strategies such as product launches, expansions, mergers and acquisitions, joint ventures, investments, agreements, and R&D. Burckhardt Compression and ExxonMobil signed a lubricant agreement in August 2018. This agreement aided customers in providing high-performance lubrication products and services that were technologically advanced.
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