Asia Pacific Refrigeration Oil Market Size study, by Type (Synthetic oil, Mineral oil) by Application (Refrigerators & Freezers, Air Conditioner, Automotive AC System, Aftermarket) and Country Forecasts 2022-2032

Description

List of Tables

Asia Pacific Refrigeration Oil Market is valued approximately at USD 363 million in 2023 and is anticipated to grow with a growth rate of more than 6.67% over the forecast period 2024-2032. Refrigeration oil is a specialized lubricant essential for compressors in refrigeration systems. These compressors circulate refrigerant to absorb heat from a space and release it outside. Refrigeration oil reduces friction between moving parts, preventing heat generation and component wear. It also acts as a seal, preventing refrigerant leakage between high and low-pressure zones, and improves heat transfer by carrying away wear debris, thereby enhancing the compressor's efficiency and lifespan. The rising focus on food safety and cold chain logistics is a key trend that is supporting the growth of the Asia Pacific Refrigeration Oil Market at a substantial rate. The need to preserve food safety and quality along the cold chain has grown as the demand for perishable food products rises. As a result, refrigeration oils that adhere to food-grade guidelines and guarantee the integrity of food products in storage have been adopted.

The Asia Pacific Refrigeration Oil Market is projected to experience the most rapid development due to the swift expansion of the automotive industry in this region. Also, the growing emphasis on comfort and convenience has significantly boosted the product demand. As living standards and disposable incomes grow, consumers in this region place a higher priority on improved daily comfort. Consequently, air conditioning systems have become standard in vehicles, necessitating the use of high-quality refrigeration oil for optimal efficiency. According to the International Organization of Motor Vehicle Manufacturers (OICA), India's automotive production surged by 24% in 2022, reaching 5,458,857 vehicles, an increase from 4,399,112 vehicles in 2021. However, strict laws limiting the use of fluorocarbon refrigerants along with the environmental effects of using a refrigeration system are likely to impede the market growth during the projected period of 2024-2032.

The key countries considered for the Asia Pacific Refrigeration Oil Market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market in terms of revenue. China's Heating, Ventilation, Air Conditioning, and Refrigeration (HVACR) industry is experiencing rapid growth. This is resulting to a surge in demand for refrigeration oil used in air conditioners, refrigerators, and freezers. Also, Chinese manufacturers are actively developing and adopting new types of refrigeration lubricants. These lubricants are designed to be more energy-efficient and environmentally friendly, aligning with stricter regulations. Moreover, the automotive industry in China is witnessing dominating the market, leading to an increased installation of air conditioning systems in vehicles. This driving factor directly impacts the demand for refrigeration oils used in automotive air conditioning systems. Whereas, the market in India is expected to grow at the fastest rate over the forecast period.

Major market player included in this report are:

Eneos Holdings Inc.
Idemitsu Kosan Co. Ltd
China Petrochemical Corporation
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Type

Synthetic oil
Mineral oil

By Application

Refrigerators & Freezers
Air Conditioner
Automotive AC System
Aftermarket

By Region:

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Asia Pacific Refrigeration Oil Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Asia Pacific Refrigeration Oil Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Type
- 2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Asia Pacific Refrigeration Oil Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Asia Pacific Refrigeration Oil Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 1. Asia Pacific Refrigeration Oil Market Size & Forecasts by Type 2022-2032

1.1. Synthetic oil
1.2. Mineral oil

Chapter 2. Asia Pacific Refrigeration Oil Market Size & Forecasts by Application 2022-2032

2.1. Refrigerators & Freezers
2.2. Air Conditioner
2.3. Automotive AC System
2.4. Aftermarket

Chapter 3. Asia Pacific Refrigeration Oil Market Size & Forecasts by Country 2022-2032

3.1. China Refrigeration Oil Market
- 3.1.1. Type breakdown size & forecasts, 2022-2032
- 3.1.2. Application breakdown size & forecasts, 2022-2032
3.2. India Refrigeration Oil Market
3.3. Japan Refrigeration Oil Market
3.4. Australia Refrigeration Oil Market
3.5. South Korea Refrigeration Oil Market
3.6. Rest of Asia Pacific Refrigeration Oil Market

Chapter 4. Competitive Intelligence

4.1. Key Company SWOT Analysis
4.2. Top Market Strategies
4.3. Company Profiles
- 4.3.1. Eneos Holdings Inc.
  - 4.3.1.1. Key Information
  - 4.3.1.2. Overview
  - 4.3.1.3. Financial (Subject to Data Availability)
  - 4.3.1.4. Product Summary
  - 4.3.1.5. Market Strategies
- 4.3.2. Idemitsu Kosan Co. Ltd.
- 4.3.3. China Petrochemical Corporation

Chapter 5. Research Process

5.1. Research Process
- 5.1.1. Data Mining
- 5.1.2. Analysis
- 5.1.3. Market Estimation
- 5.1.4. Validation
- 5.1.5. Publishing
5.2. Research Attributes

LIST OF TABLES

TABLE 1. Asia Pacific Refrigeration Oil Market, report scope
TABLE 2. Asia Pacific Refrigeration Oil Market estimates & forecasts by Country 2022-2032 (USD Million)
TABLE 3. Asia Pacific Refrigeration Oil Market estimates & forecasts by Type 2022-2032 (USD Million)
TABLE 4. Asia Pacific Refrigeration Oil Market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 5. Asia Pacific Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. Asia Pacific Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. Asia Pacific Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. Asia Pacific Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. Asia Pacific Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. Asia Pacific Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. Asia Pacific Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12. Asia Pacific Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 13. Asia Pacific Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 14. Asia Pacific Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. China Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 16. China Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 17. China Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 18. India Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 19. India Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 20. India Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 21. Japan Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 22. Japan Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 23. Japan Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 24. Australia Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 25. Australia Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 26. Australia Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 27. South Korea Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 28. South Korea Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 29. South Korea Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 30.
TABLE 31. RoAPAC Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 32. RoAPAC Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 33. RoAPAC Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 34. List of secondary sources, used in the study of Asia Pacific Refrigeration Oil Market.
TABLE 35. List of primary sources, used in the study of Asia Pacific Refrigeration Oil Market.
TABLE 36. Years considered for the study.
TABLE 37. Exchange rates considered

LIST OF FIGURES

FIG 1. Asia Pacific Refrigeration Oil Market, research methodology
FIG 2. Asia Pacific Refrigeration Oil Market, market estimation techniques
FIG 3. Asia Pacific market size estimates & forecast methods.
FIG 4. Asia Pacific Refrigeration Oil Market, key trends 2023
FIG 5. Asia Pacific Refrigeration Oil Market, growth prospects 2022-2032
FIG 6. Asia Pacific Refrigeration Oil Market, porters 5 force model
FIG 7. Asia Pacific Refrigeration Oil Market, pestel analysis
FIG 8. Asia Pacific Refrigeration Oil Market, value chain analysis
FIG 9. Asia Pacific Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 10. Asia Pacific Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 11. Asia Pacific Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 12. Asia Pacific Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 13. Asia Pacific Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 14. Asia Pacific Refrigeration Oil Market, Country snapshot 2022 & 2032
FIG 15. Asia pacific Refrigeration Oil Market 2022 & 2032 (USD Million)
FIG 16. Asia Pacific Refrigeration Oil Market, company market share analysis (2023)