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Lubricant

PUBLISHER: Grand View Research | PRODUCT CODE: 1405919

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PUBLISHER: Grand View Research | PRODUCT CODE: 1405919

Refrigeration Oil Market Size, Share & Trends Analysis Report By Type (Mineral, Synthetic), By Application (Refrigerators, Air conditioner, Automotive), By Region, And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Refrigeration Oil Market Growth & Trends:

The global refrigeration oil market is expected to reach USD 1.96 billion by 2030, and it is projected to grow at a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Refrigeration oil is an essential component in the refrigerant industry, serving a variety of applications. One of its primary roles is to lubricate and cool the moving parts of compressors, which are responsible for compressing the refrigerant gas. By reducing friction and preventing wear and tear, it helps to maintain the optimal performance of compressors.

Moreover, it finds applications across various industries, including food processing, cold storage, pharmaceuticals, chemical manufacturing, and HVAC systems. Its presence is crucial for maintaining the performance and reliability of refrigerant equipment in these sectors. Manufacturers develop specific formulations of refrigeration oil to meet the diverse requirements of different systems, considering factors such as temperature range, refrigerant compatibility, and environmental considerations.

However, the shift towards alternative cooling technologies and refrigerants, such as natural refrigerants and electric cooling systems, can impact the demand for traditional refrigeration oil. The growing focus on energy efficiency and the adoption of greener alternatives may reduce the reliance on conventional systems that require refrigeration oil.

Refrigeration Oil Market Report Highlights:

  • The product market is anticipated to witness growth with a CAGR of 4.7% from 2024 to 2030. This is attributed to the increasing demand for deep freezers for the storage of drugs, vaccines, and frozen foods worldwide
  • Mineral type segment is anticipated to witness growth over the forecast period. This growth is attributed to its compatibility with a wide range of refrigerant oils. Mineral oil exhibits good solubility and miscibility with various refrigerants, making it suitable for use in different types of refrigeration systems.
  • Air conditioners in the application segment is anticipated to witness growth over the forecast period. The growth is attributed to the growing demand for air conditioners, particularly in emerging economies like India, China, and Indonesia, is contributing to the increased need for refrigeration oil. As global temperatures rise and heatwaves become more frequent, the demand for air conditioning is on the rise to provide cooling and comfort. This trend is further fueled by the increasing urbanization and improving living standards in these countries
  • North America region is anticipated to witness growth over the forecast period. This growth is attributed to the increasing demand for refrigeration and cooling systems in various industries, including food and beverage, pharmaceuticals, and logistics. The growth of these industries, coupled with the need for temperature-controlled storage and transportation, has led to a higher demand for the product in the region
  • According to the European Federation of Pharmaceutical Industries and Associations, the North American pharmaceutical market, including Canada and the U.S., remained the world's largest market with 49.1% of the global pharmaceutical share in 2021. Thus, the advancement of the pharmaceutical industry is anticipated to drive the product demand in the region.
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Product Code: GVR-4-68040-159-9

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation & Scope
  • 1.2 Market Definition
  • 1.3 Information Procurement
    • 1.3.1 Purchased Database
    • 1.3.2 GVR's Internal Database
  • 1.4 Information analysis
  • 1.5 Market formulation & data visualization
  • 1.6 Data validation & publishing
    • 1.6.1 Research scope and assumptions
    • 1.6.2 List to Data Sources

Chapter 2 Executive Summary

  • 2.1 Market Snapshot
  • 2.2 Segment Snapshot
  • 2.3 Competitive Landscape Snapshot

Chapter 3 Refrigeration Oil: Market Variables, Trends & Scope

  • 3.1 Market Lineage Outlook
    • 3.1.1 Parent Market Outlook
  • 3.2 Industry Value Chain Analysis
    • 3.2.1 Manufacturing/Technology Trends
    • 3.2.2 Sales Channel Analysis
  • 3.3 Price Trend Analysis
    • 3.3.1 Factors influencing prices
  • 3.4 Regulatory Framework (Standards and Compliances, Approvals, Policies)
  • 3.5 Market Dynamics
    • 3.5.1 Market Driver Analysis
    • 3.5.2 Market Restraint ANalysis
    • 3.5.3 Market Challenge Analysis
    • 3.5.4 Market Opportunities Analysis
  • 3.6 Industry Analysis Tools
    • 3.6.1 PORTERs Analysis
    • 3.6.2 Macroeconomic Analysis - PESTLE Analysis

Chapter 4 Refrigeration Oil Market: Type Estimates & Trend Analysis

  • 4.1 Type Movement Analysis & Market Share, 2022 & 2030
    • 4.1.1 Mineral
    • 4.1.2 Synthetic
    • 4.1.2 Semi-Synthetic

Chapter 5 Refrigeration Oil Market: Application Estimates & Trend Analysis

  • 5.1 Application Movement Analysis & Market Share, 2022 & 2030
    • 5.1.1 Air Conditioner
    • 5.1.2 Refrigerators
    • 5.1.3 Automotive
    • 5.1.4 Coolers & Conditioners
    • 5.1.5 Other Applications

Chapter 6 Refrigeration Oil Market: Regional Estimates & Trend Analysis

  • 6.1 Refrigeration Oil Market: Regional Outlook
  • 6.2 North America
    • 6.2.1 North America Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.2 U.S.
      • 6.2.2.1 Key country dynamics
      • 6.2.2.2 U.S. Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.3 Canada
      • 6.2.3.1 Key country dynamics
      • 6.2.3.2 Canada Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.4 Mexico
      • 6.2.4.1 Key country dynamics
      • 6.2.4.2 Mexico Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.3 Europe
    • 6.3.1 Europe Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.2 Germany
      • 6.3.2.1 Key country dynamics
      • 6.3.2.2 Germany Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.3 UK
      • 6.3.3.1 Key country dynamics
      • 6.3.3.2 UK Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.4 France
      • 6.3.4.1 Key country dynamics
      • 6.3.4.2 France Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.5 Italy
      • 6.3.5.1 Key country dynamics
      • 6.3.5.2 Italy Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.6 Spain
      • 6.3.6.1 Key country dynamics
      • 6.3.6.2 Spain Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.4 Asia Pacific
    • 6.4.1 Asia Pacific Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.2 China
      • 6.4.2.1 Key country dynamics
      • 6.4.2.2 China Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.3 India
      • 6.4.3.1 Key country dynamics
      • 6.4.3.2 India Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.4 Japan
      • 6.4.4.1 Key country dynamics
      • 6.4.4.2 Japan Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.5 South Korea
      • 6.4.5.1 Key country dynamics
      • 6.4.5.2 South Korea Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.5 Central & South America
    • 6.5.1 Central & South America Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.5.2 Brazil
      • 6.5.2.1 Key country dynamics
      • 6.5.2.2 Brazil Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.5.3 Argentina
      • 6.5.3.1 Key country dynamics
      • 6.5.3.2 Argentina Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.6 Middle East & Africa
    • 6.6.1 Middle East & Africa Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.6.2 Saudi Arabia
      • 6.6.2.1 Key country dynamics
      • 6.6.2.2 Saudi Arabia Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.6.3 South Africa
      • 6.6.3.1 Key country dynamics
      • 6.6.3.2 South Africa Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 7 Competitive Landscape

  • 7.1 Company Categorization
  • 7.2 Company Market Positioning
  • 7.3 Company Heat Map Analysis
  • 7.5 Strategy Mapping
  • 7.6 Company Listing (Company Overview, Product Benchmarking, Financial Performance)
    • 7.5.1 INEOS
    • 7.5.2 Idemitsu Kosan Co., Ltd.
    • 7.5.3 Exxon Mobil Corporation
    • 7.5.4 Shell Global
    • 7.5.5 TotalEnergies
    • 7.5.6 China Petroleum & Chemical Corporation
    • 7.5.7 FUCHS
    • 7.5.8 PETRONAS Lubricants International
    • 7.5.9 Jhonson Controls
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Product Code: GVR-4-68040-159-9

List of Tables

  • Table 1 U.S. macro-economic outlay
  • Table 2 Canada macro-economic outlay
  • Table 3 Mexico macro-economic outlay
  • Table 4 Germany macro-economic outlay
  • Table 5 UK macro-economic outlay
  • Table 6 France macro-economic outlay
  • Table 7 Italy macro-economic outlay
  • Table 8 Spain macro-economic outlay
  • Table 9 China macro-economic outlay
  • Table 10 India macro-economic outlay
  • Table 11 Japan macro-economic outlay
  • Table 12 South Korea macro-economic outlay
  • Table 13 Brazil macro-economic outlay
  • Table 14 Argentina macro-economic outlay
  • Table 15 South Africa macro-economic outlay
  • Table 16 Saudi Arabia-economic outlay
  • Table 17 Company Heat Map Analysis
  • Table 18 Financial Performance
  • Table 19 Product Benchmarking
  • Table 20 Key Companies Undergoing Strategies

List of Figures

  • Fig. 1 Refrigeration Oil Market Segmentation & Scope
  • Fig. 2 Information procurement
  • Fig. 3 Data analysis models
  • Fig. 4 Market formulation and validation
  • Fig. 5 Data validation & publishing
  • Fig. 6 Refrigeration Oil Market Snapshot
  • Fig. 7 Refrigeration Oil Market Segment Snapshot
  • Fig. 8 Refrigeration Oil Market Competitive Landscape Snapshot
  • Fig. 9 Global Refrigeration Oil Market Value, 2022 (USD Million)
  • Fig. 10 Refrigeration Oil Market: Industry Value Chain Analysis
  • Fig. 11 Refrigeration Oil Market: Price Trend Analysis, 2018 - 2030 (USD/Kg)
  • Fig. 12 Refrigeration Oil Market Dynamics
  • Fig. 13 Refrigeration Oil Market: PORTERs Analysis
  • Fig. 14 Refrigeration Oil Market: PESTLE Analysis
  • Fig. 15 Refrigeration Oil Market Estimates & Forecasts, by Type: Key Takeaways
  • Fig. 16 Refrigeration Oil Market Share, By Type, 2022 & 2030
  • Fig. 17 Mineral Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 18 Synthetic Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 19 Semi-Synthetic Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 20 Refrigeration Oil Market Estimates & Forecasts, by Application: Key Takeaways
  • Fig. 21 Refrigeration Oil Market Share, By Application, 2022 & 2030
  • Fig. 22 Refrigeration Oil Market Estimates & Forecasts, in Air Conditioner, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 23 Refrigeration Oil Market Estimates & Forecasts, in Refrigerators, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 24 Refrigeration Oil Market Estimates & Forecasts, in Automotive, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 25 Refrigeration Oil Market Estimates & Forecasts, in Coolers & Conditioners, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 26 Refrigeration Oil Market Estimates & Forecasts, in Other Applications, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 27 Refrigeration Oil Market Revenue, by Region, 2022 & 2030 (USD Billion)
  • Fig. 28 North America Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 29 U.S. Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 30 Canada Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 31 Mexico Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 32 Europe Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 33 Germany Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 34 UK Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 35 France Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 36 Italy Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 37 Spain Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 38 Asia Pacific Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 39 China Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 40 India Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 41 Japan Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 42 South Korea Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 43 Central & South America Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 44 Brazil Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 45 Argentina Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 46 Middle East & Africa Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 47 South Africa Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 48 Saudi Arabia Refrigeration Oil Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 49 Key Company Categorization
  • Fig. 50 Refrigeration Oil Market - Company Market Positioning Analysis - 2023
  • Fig. 51 Strategic Mapping
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