China Refrigeration Lubricants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The refrigeration lubricants market in China is expected to register at a CAGR of 3% during the forecast period.
Due to the COVID-19 outbreak, nationwide lockdowns, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market studied. However, the conditions started recovering in 2021, which is expected to restore the market's growth trajectory during the forecast period.
Key HighlightsThe China refrigeration lubricants market is consolidated, where the top players capture most of the market demand. A few companies include Idemitsu Kosan Co. Ltd, Petronas Lubricants Belgium NV, JXTG Nippon Oil & Energy Corporation, China National Petroleum Corporation, and China Petroleum & Chemical Corporation (not in any particular order).
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook