The global Refrigeration Oil Market was valued at USD 10.28 Billion in 2018 and is expected to reach USD 14.63 Billion by year 2027, at a CAGR of 4.5%. The global refrigeration oil market is majorly driven by the growing demand for consumer appliances such refrigerators and air conditioners. The technological advancements and changing lifestyles across the globe is an important factor positively influencing the refrigeration oil market growth. The other major drivers of the global refrigeration oil market include the high demand for refrigeration systems from food and pharmaceutical industries to increase the shelf life of the products. However, the limitation on the use of fluorocarbons due to the ozone depletion caused by them is a challenge to market growth. Nevertheless, the research and developments prevailing in the market are likely to drive the market growth refrigeration oil market. For instance, the U.S. Department of Energy’s (DOE) Building Technology Office (BTO), a part of the Office of Energy Efficiency and Renewable Energy, developed research and development (R&D) opportunities for next-generation low global warming potential (GWP) refrigerants.
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The report includes insights into the key players of the market along with their company profiles, market position, financial standing, product portfolio, and strategic business expansion. The report offers a clear understanding of the competitive scenario with a detailed study about the latest mergers & acquisitions, partnerships, collaborations, R&D activities, joint ventures, licensing agreements, along with brand promotions and product launches.The report also covers SWOT analysis and Porter’s Five Forces analysis to offer crucial insights about each market player.
The key companies operating in the industry include
JXTG Holdings Inc., BASF SE, China Petrochemical Corporation, Shell Global, Exxon Mobil Corporation, Total, Meiwa Corporation, Indian Oil Corporation Ltd , Behr Hella Service Gmbh, Cosmo Oil Lubricants Co. Ltd., Calumet Specialty Products Partners, L.P., Lubriplate Lubricants Company, Petronas, Petro-Canada Lubricants Inc., and Idemitsu Kosan Co.
The report further segments the market into product types and key applications along with a thorough regional analysis to impart a better understanding of the market spread, production and consumption patterns, key trends, manufacturing facilities, profit margins, and others in each region. The report also assesses the presence of prominent players in each key geographical region.
Product (Revenue in USD Million; Volume in Tons, 2016–2027)
- Mineral Oil
- Synthetic Oil
Refrigerant Type (Revenue in USD Million; Volume in Tons, 2016–2027)
- Hydro Chlorofluorocarbon
- Hydro Fluorocarbon
Application (Revenue in USD Million; Volume in Tons, 2016–2027)
- Air Conditioners
End-Use (Revenue in USD Million; Volume in Tons, 2016–2027)
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The report on the global Refrigeration Oil market provides a comprehensive analysis of the market opportunities, market share, market size, global landscape, market dynamics, industrial chain analysis, market growth, revenue growth, and current and emerging market trends. It also covers a comprehensive analysis of the market drivers and restraining factors, opportunities, growth prospects, and technological advancements in the market.
The regional analysis offers a better understanding of the market’s scope in key geographical regions of the world. It presents valuable and actionable insights about the production and consumption pattern, supply and demand ratio, sales, market share and size, and the presence of the key players in each region. The report covers key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It also sheds light on the regions expected to show lucrative growth in the projected timeframe.
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018– 2027
Chapter 3. Indicative Metrics
3.1. Global Refrigeration Oil market drivers: impact analysis
3.2. Growing demand for low viscosity and high-quality Refrigeration Oil
Chapter 4. Refrigeration Oil Segmentation & Impact Analysis
4.1. Refrigeration Oil Segmentation Analysis
4.2. Refrigeration Oil Market Value Chain Analysis, 2016-2027
4.3. Regulatory framework
4.4. Refrigeration Oil Market Impact Analysis
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The Refrigeration Oil market report is an investigative study that provides insights into opportunities, limitations, and barriers faced by the companies that influence or hinder the growth of the industry. It also offers critical insights to the novice players and established companies to overcome the barriers and hurdles of the market. Overall the report provides valuable information and an overview of the market scenario to gain a better understanding of the market.
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