The China Refrigeration Lubricants Market size is estimated at USD 699.23 million in 2024, and is expected to reach USD 862.65 million by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
Due to COVID-19 and nationwide lockdowns, there was disruption in manufacturing processes and supply chains, and production halts were observed, which negatively impacted the refrigeration lubricants market. However, as the conditions start to recover in 2021, the growth of the market studied is expected to be restored in the upcoming phase.
The Chinese refrigeration lubricants market is consolidated, where the top players capture most of the market demand. The major players (not in any particular order) include Idemitsu Kosan Co. Ltd, PETRONAS Lubricants International, ENEOS Corporation, CNPC, and China Petroleum & Chemical Corporation (SINOPEC GROUP).
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