Refrigeration Oil Market, By Product Type (ineral Oil, Synthetic Oil (Polyol Ester, Poly Alpha Olefin, Alkyl Benzene, Polyalkylene Glycol, Polyvinyl Ether, and Others)), By Refrigerant Type ( Chlorofluorocarbon (CFC), Hydro-chlorofluorocarbon (HCFC), Hydro-fluorocarbon (HFC), Ammonia, and Others), By End User (Industrial, Commercial, and Residential), By Application (Air Conditioners, Coolers, Chillers, Refrigerators/Freezers, Condensers, and Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Refrigeration oil is derived from formulating a mixture of oil and additives at high-temperatures. It is used in cooling systems. Refrigeration oil is widely used for lubrication purposes in refrigeration compressors and other systems in order to reduce friction between metal parts and wear in the compressor. Mineral oil or synthetic oil are both used in the production of refrigeration oil, which is then mixed with additives. This oil is developed for use in cooling systems where it is used to lubricate the moving parts of the refrigeration system. Refrigeration oil possesses low pour point, has better chemical and thermal stability, high viscosity, and is completely contamination-free.
Market Dynamics
The rising demand for home appliances coupled with the shifting preferences for low Global Warming Potential (GWP) refrigerants due to growing concerns regarding global warming. This scenario is expected to provide lucrative growth opportunities for the global refrigeration oil market over the forecast period.
Major players operating in the global refrigeration oil market are increasing their investments on innovative product launches, research and development, and marketing and promotional activities to capitalize on emerging trends in various end-use industries, such as chemicals, manufacturing, and others. This scenario is expected to fuel the market growth during the forecast period.
The current market demand is concentrated on refrigeration oils that are cost-effective and meet the minimum standards or regulations mandated in the Asia &Pacific region. Customers are requesting more refrigeration functionalities beyond cooling due to the changing nature of applications.
Key features of the study:
This report provides an in-depth analysis of the global refrigeration oil market, and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global refrigeration oil market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
The key companies covered as a part of this study include ExxonMobil Corporation, Royal Dutch Shell Plc., Idemitsu Kosan Co., Ltd., Meiwa Corporation, CPI Fluid Engineering, FUCHS Lubricants, and Performance Chemicals
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgrade, market expansion, and marketing tactics
The global refrigeration oil market report caters to various stakeholders in this industry including investors, suppliers, refrigeration oil manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global refrigeration oil market
Detailed Segmentation:
Global Refrigeration Oil Market, By Product Type:
Mineral Oil
Synthetic Oil
Polyol Ester
Poly Alpha Olefin
Alkyl Benzene
Polyalkylene Glycol
Polyvinyl ether
Others
Global Refrigeration Oil Market, By Refrigerant Type:
Chlorofluorocarbon (CFC)
Hydro-chlorofluorocarbon (HCFC)
Hydro-fluorocarbon (HFC)
Ammonia
Others
Global Refrigeration Oil Market, By End-User:
Industrial
Commercial
Residential
Global Refrigeration Oil Market, By Application:
Air Conditioners
Coolers
Chillers
Refrigerators/Freezers
Condensers
Others
Global Refrigeration Oil Market, By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Company Profiles
ExxonMobil Corporation
Royal Dutch
Shell Plc.
Idemitsu Kosan Co., Ltd.
Meiwa Corporation
CPI Fluid Engineering
FUCHS Lubricants
Performance Chemicals
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Refrigerant Type
Market Snippet, By End-User
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
New Product Approvals/Launch
Promotion and Marketing Initiatives
Cost Tier Down Analysis
4. Global High Purity Quartz Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global High Purity Quartz Market, By Product Type, 2018-2030 (Billion)
Introduction
Market Share Analysis, 2023 and 2030
Y-o-Y Growth Analysis, 2018-2030 (%)
Segment Trends
Mineral Oil
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Synthetic Oil
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
6. Global High Purity Quartz Market, By Refrigerant Type, 2018-2030 (Billion)
Introduction
Market Share Analysis, 2023 and 2030
Y-o-Y Growth Analysis, 2018-2030 (%)
Segment Trends
Chloroflurocarbon (CFC)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Hydro-Chloroflurocarbon (HCFC)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Hydro-Flurocarbon (HFC)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Ammonia
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
7. Global High Purity Quartz Market, By End-Use, 2018-2030 (Billion)
Introduction
Market Share Analysis, 2023 and 2030
Y-o-Y Growth Analysis, 2018-2030 (%)
Segment Trends
Industrial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Commercial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Residential
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
8. Global High Purity Quartz Market, By Refrigerant Type, 2018-2030 (Billion)
Introduction
Market Share Analysis, 2023 and 2030
Y-o-Y Growth Analysis, 2018-2030 (%)
Segment Trends
Air Conditioners
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Coolers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Chillers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Refrigerators /Freezers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Condernsers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (Billion)
9. Global High Purity Quartz Market, By Region, 2018-2030 (Billion)
Introduction
Market Share Analysis, By Region, 2023 and 2030
Y-o-Y Growth Analysis, By Region, 2018-2030 (%)
North America
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2018-2030 (%)
U.S.
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Canada
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Europe
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2018-2030 (%)
U.K.
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Germany
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
France
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Italy
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Spain
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Russia
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Rest of Europe
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Asia Pacific
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2018-2030 (%)
China
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
India
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Japan
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
ASEAN
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Australia
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
South Korea
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Rest of Asia Pacific
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Latin America
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2018-2030 (%)
Brazil
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Mexico
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Argentina
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Rest of Latin America
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Middle East
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2018-2030 (%)
GCC
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Israel
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Rest of Middle East
Country Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Africa
Market Share Analysis, By Sub-region, 2023 and 2030
Y-o-Y Growth Analysis, By Sub-region, 2018-2030 (%)
North Africa
Sub-region Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
Central Africa
Sub-region Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)
South Africa
Sub-region Trends
Market Size and Forecast, By Product Type, 2018-2030 (Billion)
Market Size and Forecast, By Application, 2018-2030 (Billion)