Refrigeration oil Market Forecast to 2027

The compressors that play a role in producing cold air are typically lubricated with refrigeration oil. This oil helps reduce friction between metal parts, thereby reducing wear and tear on the compressor and extending its lifespan. Refrigeration oil is highly valued as a lubricant for the metal industry due to its ability to withstand high temperatures. The demand for consumer electronics, low GWP refrigerants, and food and pharmaceutical industries is expanding, which has resulted in an increase in demand for refrigeration oil. The market dynamics for the refrigeration oil sector have changed as a result of the rising demand for synthetic oil.

The refrigeration oil market report offers insightful information on trade laws, fresh new trends, value chain optimization, import-export analysis, and the effects of domestic and local market players, production analysis, opportunities, market share, market value, product launches, product approvals, technological advancements, and geographic expansions. The primary regions to produce refrigeration oils are Asia-Pacific, North America, and Europe. The refrigeration oil industry's two largest industrial markets are China and India.

Segment Overview

The synthetic oil (polyalphaolefin, polyol ester, alkylbenzene, polyethylene glycol, and polyvinyl ether) and mineral oil segments of the refrigeration oil market are separated by type. According to the kind of refrigerant used, the refrigeration oil market is divided into ammonia, carbon dioxide, HCFCs (hydrochlorofluorocarbons), and HFCS segments. Refrigerators, freezers, aftermarket, automobile A.C. systems, air conditioners, chillers, and other applications make up the refrigeration oil market segments.

Regional Analysis

Europe, North America, Asia-Pacific, and other nations are the geographical segments of the refrigeration oil market. Leading refrigeration oil industries are in Asia-Pacific. The refrigeration oil industry's two huge industrial markets are China and India. The need for low GWP refrigerants and consumer appliances, automotive production, food and pharmaceutical industries, and refrigeration oil has increased recently. The growth of the refrigeration oil market both internationally and in rural areas of individual countries has been predicted by factors such as production sites and volumes, consumption volumes, price trend analysis, import-export analysis, upstream and downstream value chain analysis, and cost of raw materials. In the trading, refinement, and production of refrigeration oil, numerous national and international brands are very important.

Major Players

Royal Dutch Shell Plc, Petroleum Nasional Berhad (PETRONAS), Sun Company, Exxon Mobil Corporation, Jxtg Group, Behr Hella Service Gmbh, China Petrochemical Corporation (Sinopec Group), BASF SE, The Lubrizol Corporation, CAMCO Lubricants, Idemitsu Kosan Co. Ltd., Cosmo Oil Lubricants Co. Ltd., Lubriplate Lubricants Company, Phillips 66 Lubricants, Indian Oil Corporation Ltd are among the leading companies operating in the global Refrigeration oil market.

COVID 19 Impacts

The planet is reportedly in an emergency situation as of right now. The virus that started in a flea market in Wuhan, China, has had a negative economic, political, and social impact on the entire planet. People are now used to liking the fundamentals. Governments all throughout the world enacted lockdowns globally and at the state level to stop the virus's spread because human life was in danger. Additionally, industries all around the world came to a halt. The refining and extraction of refrigeration oil required less workers as a result of the stagnating situation of the industry. In the following years, the industry is anticipated to overcome its current state of stagnation by becoming more productive.

Product Code: MRFR/CnM/4339-CR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 21
- 1.1.1 GLOBAL REFRIGERATION OIL MARKET, BY TYPE 21
- 1.1.2 GLOBAL REFRIGERATION OIL MARKET, BY REFRIGERANT TYPE 22
- 1.1.3 GLOBAL REFRIGERATION OIL MARKET, BY APPLICATION 23

2 MARKET INTRODUCTION

2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 MARKET STRUCTURE 24

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 25
3.2 PRIMARY RESEARCH 26
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 27
3.5 FORECAST MODEL 29
3.6 LIST OF ASSUMPTIONS 29

4 MARKET DYNAMICS

4.1 INTRODUCTION 30
4.2 DRIVERS 31
- 4.2.1 INCREASING USE OF REFRIGERATION SYSTEMS IN THE COMMERCIAL AND INDUSTRIAL SECTORS 31
- 4.2.2 GROWING DEMAND FOR CONSUMER ELECTRONICS 31
- 4.2.3 INCREASING DEMAND FOR HIGH PERFORMANCE REFRIGERANTS IN AUTOMOTIVE AC SYSTEMS 32
- 4.2.4 DRIVERS IMPACT ANALYSIS 33
4.3 RESTRAINT 33
- 4.3.1 PHASING OUT OF THE USE OF HFCS AND HCFCS 33
- 4.3.2 RESTRAINTS IMPACT ANALYSIS 34
4.4 OPPORTUNITY 34
- 4.4.1 INCREASING DEMAND FOR HIGH-QUALITY REFRIGERATION OIL 34
4.5 TREND 35
- 4.5.1 INCREASING USE OF NATURAL REFRIGERANTS 35

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS 36
- 5.1.1 RAW MATERIAL SUPPLIERS 36
- 5.1.2 REFRIGERATION OIL PRODUCERS 36
- 5.1.3 DISTRIBUTION CHANNEL 36
- 5.1.4 APPLICATION 37
5.2 PORTER'S FIVE FORCES MODEL 37
- 5.2.1 THREAT OF NEW ENTRANTS 38
- 5.2.2 INTENSITY OF COMPETITIVE RIVALRY 38
- 5.2.3 THREAT OF SUBSTITUTES 38
- 5.2.4 BARGAINING POWER OF SUPPLIERS 38
- 5.2.5 BARGAINING POWER OF BUYERS 38
5.3 GLOBAL REFRIGERATION OIL PRICING ANALYSIS 39

6 GLOBAL REFRIGERATION OIL MARKET, BY TYPE

6.1 INTRODUCTION 40
6.2 SYNTHETIC OIL 41
6.3 MINERAL OIL 43

7 GLOBAL REFRIGERATION OIL MARKET, BY APPLICATION

7.1 INTRODUCTION 44
7.2 REFRIGERATOR AND FREEZER 46
7.3 CHILLERS 47
7.4 AIR CONDITIONERS 48
7.5 AUTOMOTIVE AC SYSTEMS 49
7.6 AFTERMARKET 50
7.7 OTHERS 51

8 GLOBAL REFRIGERATION OIL MARKET, BY REFRIGERANT TYPE

8.1 INTRODUCTION 52
8.2 AMMONIA/CO2 53
8.3 HYDRO FLUOROCARBON (HFCS) 54
8.4 OTHERS 56

9 GLOBAL REFRIGERATION OIL MARKET, BY REGION

9.1 INTRODUCTION 57
9.2 NORTH AMERICA 63
- 9.2.1 US 67
- 9.2.2 CANADA 69
9.3 EUROPE 73
- 9.3.1 GERMANY 77
- 9.3.2 UK 80
- 9.3.3 RUSSIA 82
- 9.3.4 FRANCE 85
- 9.3.5 SPAIN 87
- 9.3.6 ITALY 90
- 9.3.7 POLAND 92
- 9.3.8 REST OF EUROPE 95
9.4 ASIA-PACIFIC 98
- 9.4.1 CHINA 102
- 9.4.2 JAPAN 105
- 9.4.3 INDIA 107
- 9.4.4 SOUTH KOREA 110
- 9.4.5 AUSTRALIA & NEW ZEALAND 112
- 9.4.6 INDONESIA 115
- 9.4.7 REST OF ASIA-PACIFIC 117
9.5 MIDDLE EAST & AFRICA 121
- 9.5.1 SAUDI ARABIA 126
- 9.5.2 UAE 128
- 9.5.3 TURKEY 131
- 9.5.4 QATAR 133
- 9.5.5 KUWAIT 136
- 9.5.6 BAHRAIN 138
- 9.5.7 OMAN 141
- 9.5.8 EGYPT 143
- 9.5.9 SOUTH AFRICA 146
- 9.5.10 REST OF THE MIDDLE EAST AND AFRICA 148
9.6 LATIN AMERICA 152
- 9.6.1 MEXICO 156
- 9.6.2 BRAZIL 158
- 9.6.3 ARGENTINA 161
- 9.6.4 REST OF LATIN AMERICA 163

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION 167
- 10.1.1 MARKET STRATEGY ANALYSIS 167
10.2 KEY DEVELOPMENTS & GROWTH STRATEGIES 169

11 COMPANY PROFILES

11.1 JXTG NIPPON OIL & ENERGY CORPORATION 170
- 11.1.1 COMPANY OVERVIEW 170
- 11.1.2 FINANCIAL OVERVIEW 171
- 11.1.3 PRODUCTS OFFERED 172
- 11.1.4 KEY DEVELOPMENTS 172
- 11.1.5 SWOT ANALYSIS 172
- 11.1.6 KEY STRATEGIES 173
11.2 BASF SE 174
- 11.2.1 COMPANY OVERVIEW 174
- 11.2.2 FINANCIAL OVERVIEW 175
- 11.2.3 PRODUCTS OFFERED 176
- 11.2.4 KEY DEVELOPMENTS 176
- 11.2.5 SWOT ANALYSIS 177
- 11.2.6 KEY STRATEGIES 177
11.3 CHINA PETROCHEMICAL CORPORATION 178
- 11.3.1 COMPANY OVERVIEW 178
- 11.3.2 FINANCIAL OVERVIEW 179
- 11.3.3 PRODUCTS OFFERED 179
- 11.3.4 KEY DEVELOPMENTS 179
- 11.3.5 SWOT ANALYSIS 180
- 11.3.6 KEY STRATEGIES 180
11.4 ROYAL DUTCH SHELL 181
- 11.4.1 COMPANY OVERVIEW 181
- 11.4.2 FINANCIAL OVERVIEW 182
- 11.4.3 PRODUCTS OFFERED 182
- 11.4.4 KEY DEVELOPMENTS 183
- 11.4.5 SWOT ANALYSIS 183
- 11.4.6 KEY STRATEGIES 183
11.5 EXXON MOBIL CORPORATION 184
- 11.5.1 COMPANY OVERVIEW 184
- 11.5.2 FINANCIAL OVERVIEW 185
- 11.5.3 PRODUCTS OFFERED 185
- 11.5.4 KEY DEVELOPMENTS 186
- 11.5.5 SWOT ANALYSIS 186
- 11.5.6 KEY STRATEGIES 187
11.6 TOTAL 188
- 11.6.1 COMPANY OVERVIEW 188
- 11.6.2 FINANCIAL OVERVIEW 188
- 11.6.3 PRODUCTS OFFERED 189
- 11.6.4 KEY DEVELOPMENTS 189
- 11.6.5 SWOT ANALYSIS 189
- 11.6.6 KEY STRATEGIES 190
11.7 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. 191
- 11.7.1 COMPANY OVERVIEW 191
- 11.7.2 FINANCIAL OVERVIEW 191
- 11.7.3 PRODUCTS OFFERED 192
- 11.7.4 KEY DEVELOPMENTS 192
- 11.7.5 SWOT ANALYSIS 192
- 11.7.6 KEY STRATEGIES 192
11.8 BEHR HELLA SERVICE GMBH 193
- 11.8.1 COMPANY OVERVIEW 193
- 11.8.2 FINANCIAL OVERVIEW 193
- 11.8.3 PRODUCTS OFFERED 193
- 11.8.4 KEY DEVELOPMENTS 193
- 11.8.5 SWOT ANALYSIS 194
- 11.8.6 KEY STRATEGIES 194
11.9 PETRONAS DAGANGAN BERHAD 195
- 11.9.1 COMPANY OVERVIEW 195
- 11.9.2 FINANCIAL OVERVIEW 196
- 11.9.3 PRODUCT OFFERINGS 196
- 11.9.4 KEY DEVELOPMENTS 196
- 11.9.5 SWOT ANALYSIS 197
- 11.9.6 KEY STRATEGIES 197
11.10 LUBRIPLATE LUBRICANTS COMPANY 198
- 11.10.1 COMPANY OVERVIEW 198
- 11.10.2 FINANCIAL OVERVIEW 198
- 11.10.3 PRODUCT OFFERINGS 198
- 11.10.4 KEY DEVELOPMENTS 198
- 11.10.5 SWOT ANALYSIS 199
- 11.10.6 KEY STRATEGIES 199
11.11 INDIAN OIL CORPORATION LTD 200
- 11.11.1 COMPANY OVERVIEW 200
- 11.11.2 FINANCIAL OVERVIEW 201
- 11.11.3 PRODUCTS OFFERED 201
- 11.11.4 KEY DEVELOPMENTS 202
- 11.11.5 SWOT ANALYSIS 203
- 11.11.6 KEY STRATEGIES 203
11.12 COSMO OIL LUBRICANTS CO., LTD 204
- 11.12.1 COMPANY OVERVIEW 204
- 11.12.2 FINANCIAL OVERVIEW 205
- 11.12.3 PRODUCTS OFFERED 206
- 11.12.4 KEY DEVELOPMENTS 206
- 11.12.5 SWOT ANALYSIS 207
- 11.12.6 KEY STRATEGIES 207