Global Refrigeration Oil Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Refrigeration oil is the one that easily mixes with refrigerant and flows throughout the system while the refrigeration cycle is on. It doesnﾒt freeze at lowest operating temperatures maintained in the specific system. Itﾒs freezing temperature is always 5 times lower than that of the system temperature at which itﾒs operating. Itﾒs compatible with refrigerant properties. Itﾒs flash point should be high. itﾒs non flammable and its viscosity should be in such a way that it enables in lubrication of all the mechanical components within the compressor.
According to our (Global Info Research) latest study, the global Refrigeration Oil market size was valued at USD 945.6 million in 2022 and is forecast to a readjusted size of USD 1130.5 million by 2029 with a CAGR of 2.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
APAC is estimated to be the largest refrigeration oil market in 2018 in terms of both, value and volume. It is also estimated to witness the highest growth during the forecast period. This growth can be attributed to the rise in the manufacturing of consumer appliances and automobiles in the region. Furthermore, the changing lifestyle of consumers and their rising income levels have led to a higher demand for refrigerators, freezers, and air conditioners, which, in turn, drives the refrigeration oil market. The growing demand for perishable food products along with growth in the pharmaceutical industry also drives the demand for refrigerators and freezers, further fueling the growth of the refrigeration oil market in the region.
This report is a detailed and comprehensive analysis for global Refrigeration Oil market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Refrigeration Oil market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Refrigeration Oil market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Refrigeration Oil market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Refrigeration Oil market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Refrigeration Oil
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Refrigeration Oil market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Jxtg Group, BASF, Idemitsu Kosan, Exxonmobil and Royal Dutch Shell, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Refrigeration Oil market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Mineral Oil
    Synthetic Oil
Market segment by Application
    Refrigerator & Freezer
    Air Conditioner
    Automotive AC System
    Others
Major players covered
    Jxtg Group
    BASF
    Idemitsu Kosan
    Exxonmobil
    Royal Dutch Shell
    Total
    Sinopec
    Petroliam Nasional Berhad
    FUCHS Petrolub
    Phillips 66
    Lubrizol
    BP
    Chevron
Market segment by region, regional analysis covers
    North America (United States, Canada and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Refrigeration Oil product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Refrigeration Oil, with price, sales, revenue and global market share of Refrigeration Oil from 2018 to 2023.
Chapter 3, the Refrigeration Oil competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Refrigeration Oil breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Refrigeration Oil market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Refrigeration Oil.
Chapter 14 and 15, to describe Refrigeration Oil sales channel, distributors, customers, research findings and conclusion.