Refrigerator & freezer segment estimated to be fastest-growing application segment between 2017 and 2022, in terms of both, value and volume. Growth of segment can be attributed to increasing demand & manufacture of refrigerators and freezers in APAC.
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Download Brochure of Refrigeration Oil Market spread across 131 Pages, Profiling 16 Companies and Supported with 94 Tables and 39 Figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1446240 .
Refrigeration oil market is estimated to be USD 1,005.2 million in 2017 and is projected to reach USD 1,243.6 million by 2022, at a CAGR of 4.3% between 2017 and 2022. Refrigeration oil market largely driven by rising demand for consumer appliances and automobiles.
Refrigeration oil is used for lubrication in compressors & reduces friction of metal parts thereby reducing wear & tear of compressors in consumer appliances & automotive AC systems.
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Key Target Audience
- Refrigeration oil manufacturers, dealers, and suppliers
- Government bodies
- Raw material suppliers
- Industry associations
- Consulting companies/consultants in the chemical and material sectors
Growing demand for refrigeration oil from the food and pharmaceutical industries along with the rising demand for low GWP refrigerants are other factors expected to drive the refrigeration oil market. However, the stringent regulations to limit the use of fluorocarbon refrigerants is one of the major restraints for the growth of the market.
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The refrigeration oil market has been segmented into refrigerators & freezers, air conditioners, automotive AC systems, & aftermarket. Refrigerator & freezer application segment estimated to dominate refrigeration oil market in 2017 & is projected to register highest CAGR in terms of both, value and volume during forecast period.
This growth can be attributed to growing demand for packaged food products & growth in trade of food products.
1 Significant Opportunities in the Refrigeration Oil Market
2 Refrigeration Oil Market, By Region
3 APAC Refrigeration Oil Market, By Application and Country
4 Refrigeration Oil Market Attractiveness
2 Market Ranking of Key Players
3 Competitive Scenario
4 New Product Launch
Major companies operating in the refrigeration oil market include JXTG Group (Japan), BASF (Germany), Idemitsu Kosan Co. (Japan), Royal Dutch Shell (Netherlands), ExxonMobil (US), BP (UK), PETRONAS (Malaysia), Chevron (US), Total (France), Sinopec Group (China), FUCHS (Germany), Johnson Controls (Ireland), Lubrizol (CPI Fluid Engineering Services) (US), Behr Hella Service GmbH (Germany), BVA, Inc.
(US), Calumet Specialty Products Partners, L.P. (US), CAMCO Lubricants (US), CITGO Petroleum Corporation (US), Cosmo Oil Lubricants Co., Ltd.
(Japan), Eni (Italy), Indian Oil Corporation (India), Isel (US), National Refrigerants, Inc. (US), Summit Oil Company (US), Lubriplate Lubricants Company (US), Lukoil (Russia), Petro-Canada Lubricants Inc.
(Canada), Phillips 66 Lubricants (US), and Sun Company, Inc. (US).
Connect for More Details for More Information “Refrigeration Oil Market by Oil Type (Mineral Oil, Synthetic Oil (Polyolester, Polyalkylene Glycol)), Application (Refrigerator & Freezer, Air Conditioner, Automotive AC System, and Aftermarket), and Region - Global Forecast to 2022” report @ www.rnrmarketresearch.com/contacts…unt?rname=1446240 .
This research report is focused on various levels of analyses—industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the overall view on the competitive landscape; emerging and high-growth segments of the refrigeration oil market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, primary interviews were conducted as follows:
- By Company Type: Tier 1 (75%), Tier 2 (20%), and Tier 3 (5%)
- By Designation: C-Level (28%), Director Level (52%), and Others (20%)
- By Region: Europe (50%), APAC (25%),Middle East & Africa (12%) North America (7%), and South America (6%).
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