Turbine Drip Oil Market Size & Share, by Grade (Traditional, Premium); Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil); End-User (Oil & Gas, Power, Water Utility, Agriculture, Automotive) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5364
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Companies Dominating the Turbine Drip Oil Landscape

    • Laredo Oil Inc
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • NYCO Group
    • Cortec Corporation
    • Chevron Corporation
    • Valvoline Inc
    • Cosmo Energy Holdings Co., Ltd.

Browse Key Market Insights with Data Illustration:


In The News

  • June 2023 - NYCO announced that Turbonycoil® 600, a synthetic standard turbine oil, has been chosen by PLAY, a new Icelandic low-cost carrier operating flights between North America and Europe, to lubricate the engines of its whole fleet of LEAP-1A-powered A320neo and A321neo aircraft.
  • January 2022 - The most recent lubricant additive from Cortec delivers superior corrosion defense and is compatible with ashless oil systems. This is very helpful for gearboxes, turbines, and other lubrication systems that could corrode due to moisture condensation or trapped water.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 5364
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing use of bio-based lubricants, increasing energy consumption globally, and rising initiatives towards renewable energy are some of the factors driving the market growth.

The market size of turbine drip oil is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market are NYCO Group, Cortec Corporation, Chevron Corporation, Valvoline Inc., Cosmo Energy Holdings Co., Ltd., IHI Corporation, Mitsubishi Heavy Industries Ltd, CHUGOKU KOGYO CO., LTD., Inpex Corporation, Laredo Oil Inc and others.

The premium segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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