Refrigeration Oil

Refrigeration Oil

Global Refrigeration Oil Market to Reach $1.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Refrigeration Oil estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at aCAGR of 2.8% over the period 2020-2027. Mineral Oil, one of the segments analyzed in the report, is projected to record 2.8% CAGR and reach US$454.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic Oil segment is readjusted to a revised 2.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $285.1 Million, While China is Forecast to Grow at 5.3% CAGR

The Refrigeration Oil market in the U.S. is estimated at US$285.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$259.5 Million by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.

Select Competitors (Total 38 Featured) -

• BASF SE
• Behr Hella Service GmbH
• BP PLC
• Bva, Inc.
• Calumet Specialty Products Partners LP
• Camco Lubricants
• Chevron Corporation
• China Petrochemical Corporation (Sinopec Group)
• CITGO Petroleum Corporation
• Cosmo Oil Lubricants Co., Ltd.
• ExxonMobil Corporation
• Fuchs Petrolub SE
• Indian Oil Corporation Ltd.
• Isel Germany AG
• Lubriplate Lubricants Company
• LUKOIL Lubricants Company
• National Refrigerants, Inc.
• Petro-Canada Lubricants, Inc.
• Petroliam Nasional Berhad (PETRONAS)
• Phillips 66 Lubricants
• Royal Dutch Shell PLC
• Sun Company
• The Lubrizol Corporation
• Total SA

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