Global Refrigeration Oil Market Size, Share, Trends, Industry Growth by Type (Synthetic, Mineral), by Refrigerant Type (CFC, HCFC, HFC, Ammonia, Others), by Application, by End-User, by Region, and Forecast to 2028

Price: 3600/- USD | Published Date: May 31, 2022 |

The global refrigeration oil market size is anticipated to register a significant CAGR of around 5% during the forecast period from 2022 to 2028. The increasing application of refrigeration in various end-use industries is a primary factor to drive the market growth. Furthermore, the growing demand for refrigeration systems in the pharmaceutical industry to store drugs and vaccines is further expected to boost the market over the forecast period. Moreover, the growth in the food and beverage industry coupled with the growing demand for ready-to-eat food and frozen food products are projected to propel the market growth in upcoming years.

Market Insights:

The global refrigeration oil market is bifurcated into type, refrigerant type, application, end-user, and geography. On the basis of type, the market is further segmented into synthetic oil and mineral oil. The synthetic oil segment dominated the global market in 2021 and is estimated to grow at the same trend over the forecast period. The properties associated with the synthetic oil such as higher performance, higher shear stability, superior viscosity, and chemical resistance are estimated to drive the segment growth. Furthermore, the growing demand for PGA and POE in ammonia and CO2 refrigeration systems is further expected to drive the segment growth over the forecast period.

On the basis of application, the market is bifurcated into refrigerator & freezer, air conditioners, automotive AC systems, and others. The refrigerator & freezer segment dominated the global refrigeration oil market in 2021 and is expected to maintain its dominance over the forecast period. The growing food & beverage industry and the increasing investment in restaurants, hotels, and cafes are some major factors driving the segment growth. Furthermore, the growing sale of frozen food, ice creams, and other bakery products around the globe is further anticipated to fuel the segment growth over the forecast period.

Refrigeration Oil Market Forecast

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The refrigeration oil comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinions obtained from interviews with industry executives and experts from prominent companies.

The refrigeration oil market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global Refrigeration Oil Market Segmentation:

Refrigeration Oil Market Segmentation by Type:

  • Synthetic Oil
  • Mineral Oil

Refrigeration Oil Market Segmentation by Refrigerant Type:

  • Chlorofluorocarbon (CFC)
  • Hydro-chlorofluorocarbon (HCFC)
  • Hydro-fluorocarbon (HFC)
  • Ammonia
  • Others

Refrigeration Oil Market Segmentation by Application:

  • Refrigerator & Freezer
  • Air Conditioners
  • Automotive AC System
  • Aftermarket
  • Others

Refrigeration Oil Market Segmentation by End-User:

  • Industrial
  • Commercial
  • Residential

Refrigeration Oil Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Refrigeration Oil Market: Geographic Coverage

Geographically, the Asia Pacific dominated the global refrigeration oil market in 2021 and is estimated to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The region is also expected to register the fastest growth rate over the forecast period. The increasing demand for refrigerators, freezers, and air conditioners, and the growing population are some major factors driving the market growth in the region. Furthermore, the changing lifestyle, increasing disposable income, and the growing employment rate are further anticipated to propel the market growth in the Asia Pacific.

Refrigeration Oil Market: Competitive Assessment

Some of the major market players operating in the global refrigeration oil market are Eneos Holdings Inc., BASF SE, Idemitsu Kosan Co. Ltd., ExxonMobil Corporation, and Royal Dutch Shell Plc. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Eneos Holdings Inc.
  • BASF SE
  • Idemitsu Kosan Co. Ltd.
  • ExxonMobil Corporation
  • Royal Dutch Shell Plc.
  • Total Energies SE
  • China Petrochemical Corporation
  • Petroliam Nasional Berhad
  • FUCHS Petrolub SE
  • Johnson Controls

Key Questions Answered by Refrigeration Oil Market Report

  • Global refrigeration oil market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Refrigeration oil submarket forecasts from 2022-2028 covering the market by type, by refrigerant type, by application, by end-user, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level refrigeration oil markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Refrigeration Oil Market Portraiture
2.2. Global Refrigeration Oil Market, by Type, 2021 (USD Mn)
2.3. Global Refrigeration Oil Market, by Refrigerant Type, 2021 (USD Mn)
2.4. Global Refrigeration Oil Market, by Application, 2021 (USD Mn)
2.5. Global Refrigeration Oil Market, by End-User, 2021 (USD Mn)
2.6. Global Refrigeration Oil Market, by Geography, 2021 (USD Mn)

 

3. Global Refrigeration Oil Market Analysis


3.1. Refrigeration Oil Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Refrigeration Oil Market By Type, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Synthetic Oil
4.3. Mineral Oil

 

5. Global Refrigeration Oil Market By Refrigerant Type, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Chlorofluorocarbon (CFC)
5.3. Hydro-chlorofluorocarbon (HCFC)
5.4. Hydro-fluorocarbon (HFC)
5.5. Ammonia
5.6. Others

 

6. Global Refrigeration Oil Market By Application, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. Refrigerator & Freezer
6.3. Air Conditioners
6.4. Automotive AC System
6.5. Aftermarket
6.6. Others

 

7. Global Refrigeration Oil Market By End-User, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. Industrial
7.3. Commercial
7.4. Residential

 

8. North America Refrigeration Oil Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. North America Refrigeration Oil Market by Type, (2019-2028 USD Mn)
8.3. North America Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
8.4. North America Refrigeration Oil Market by Application, (2019-2028 USD Mn)
8.5. North America Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
8.6. North America Refrigeration Oil Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Refrigeration Oil Market by Type, (2019-2028 USD Mn)
8.6.1.2. U.S. Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
8.6.1.3. U.S. Refrigeration Oil Market by Application, (2019-2028 USD Mn)
8.6.1.4. U.S. Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Refrigeration Oil Market by Type, (2019-2028 USD Mn)
8.6.2.2. Canada Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
8.6.2.3. Canada Refrigeration Oil Market by Application, (2019-2028 USD Mn)
8.6.2.4. Canada Refrigeration Oil Market by End-User, (2019-2028 USD Mn)

 

9. Europe Refrigeration Oil Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Europe Refrigeration Oil Market by Type, (2019-2028 USD Mn)
9.3. Europe Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
9.4. Europe Refrigeration Oil Market by Application, (2019-2028 USD Mn)
9.5. Europe Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
9.6. Europe Refrigeration Oil Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Refrigeration Oil Market by Type, (2019-2028 USD Mn)
9.6.1.2. Germany Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
9.6.1.3. Germany Refrigeration Oil Market by Application, (2019-2028 USD Mn)
9.6.1.4. Germany Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Refrigeration Oil Market by Type, (2019-2028 USD Mn)
9.6.2.2. U.K. Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
9.6.2.3. U.K. Refrigeration Oil Market by Application, (2019-2028 USD Mn)
9.6.2.4. U.K. Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Refrigeration Oil Market by Type, (2019-2028 USD Mn)
9.6.3.2. France Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
9.6.3.3. France Refrigeration Oil Market by Application, (2019-2028 USD Mn)
9.6.3.4. France Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
9.6.4. Italy
9.6.4.1. Italy Refrigeration Oil Market by Type, (2019-2028 USD Mn)
9.6.4.2. Italy Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
9.6.4.3. Italy Refrigeration Oil Market by Application, (2019-2028 USD Mn)
9.6.4.4. Italy Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
9.6.5. Rest of Europe
9.6.5.1. Rest of Europe Refrigeration Oil Market by Type, (2019-2028 USD Mn)
9.6.5.2. Rest of Europe Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
9.6.5.3. Rest of Europe Refrigeration Oil Market by Application, (2019-2028 USD Mn)
9.6.5.4. Rest of Europe Refrigeration Oil Market by End-User, (2019-2028 USD Mn)

 

10. Asia Pacific Refrigeration Oil Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. Asia Pacific Refrigeration Oil Market by Type, (2019-2028 USD Mn)
10.3. Asia Pacific Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
10.4. Asia Pacific Refrigeration Oil Market by Application, (2019-2028 USD Mn)
10.5. Asia Pacific Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
10.6. Asia Pacific Refrigeration Oil Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Refrigeration Oil Market by Type, (2019-2028 USD Mn)
10.6.1.2. China Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
10.6.1.3. China Refrigeration Oil Market by Application, (2019-2028 USD Mn)
10.6.1.4. China Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Refrigeration Oil Market by Type, (2019-2028 USD Mn)
10.6.2.2. Japan Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
10.6.2.3. Japan Refrigeration Oil Market by Application, (2019-2028 USD Mn)
10.6.2.4. Japan Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Refrigeration Oil Market by Type, (2019-2028 USD Mn)
10.6.3.2. India Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
10.6.3.3. India Refrigeration Oil Market by Application, (2019-2028 USD Mn)
10.6.3.4. India Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Refrigeration Oil Market by Type, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Refrigeration Oil Market by Application, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Refrigeration Oil Market by End-User, (2019-2028 USD Mn)

 

11. Latin America (LATAM) Refrigeration Oil Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1. Overview
11.2. Latin America Refrigeration Oil Market by Type, (2019-2028 USD Mn)
11.3. Latin America Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
11.4. Latin America Refrigeration Oil Market by Application, (2019-2028 USD Mn)
11.5. Latin America Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
11.6. Latin America Refrigeration Oil Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Refrigeration Oil Market by Type, (2019-2028 USD Mn)
11.6.1.2. Brazil Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
11.6.1.3. Brazil Refrigeration Oil Market by Application, (2019-2028 USD Mn)
11.6.1.4. Brazil Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Refrigeration Oil Market by Type, (2019-2028 USD Mn)
11.6.2.2. Mexico Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
11.6.2.3. Mexico Refrigeration Oil Market by Application, (2019-2028 USD Mn)
11.6.2.4. Mexico Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Refrigeration Oil Market by Type, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Refrigeration Oil Market by Application, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Refrigeration Oil Market by End-User, (2019-2028 USD Mn)

 

12. Middle East and Africa Refrigeration Oil Market Analysis and Forecast, 2019 – 2028 (USD Mn)


12.1. Overview
12.2. MEA Refrigeration Oil Market by Type, (2019-2028 USD Mn)
12.3. MEA Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
12.4. MEA Refrigeration Oil Market by Application, (2019-2028 USD Mn)
12.5. MEA Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
12.6. Middle East and Africa Refrigeration Oil Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Refrigeration Oil Market by Type, (2019-2028 USD Mn)
12.6.1.2. GCC Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
12.6.1.3. GCC Refrigeration Oil Market by Application, (2019-2028 USD Mn)
12.6.1.4. GCC Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Refrigeration Oil Market by Type, (2019-2028 USD Mn)
12.6.2.2. South Africa Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
12.6.2.3. South Africa Refrigeration Oil Market by Application, (2019-2028 USD Mn)
12.6.2.4. South Africa Refrigeration Oil Market by End-User, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Refrigeration Oil Market by Type, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Refrigeration Oil Market by Refrigerant Type, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Refrigeration Oil Market by Application, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Refrigeration Oil Market by End-User, (2019-2028 USD Mn)

 

13. Company Profiles


13.1. Eneos Holdings Inc.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. BASF SE
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Idemitsu Kosan Co. Ltd.
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. ExxonMobil Corporation
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Royal Dutch Shell Plc.
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Total Energies SE
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. China Petrochemical Corporation
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Petroliam Nasional Berhad
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. FUCHS Petrolub SE
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Johnson Controls
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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