Market Research Blog

 The automotive industry presents a promising opportunity for the refrigeration oil market as modern vehicles increasingly integrate advanced air conditioning and cooling systems. Rising global temperatures, urbanization, and consumer demand for comfort have made air conditioning a standard feature in most vehicles. Refrigeration oils are indispensable for ensuring the smooth operation of compressors in these systems, reducing friction, preventing wear, and enhancing cooling efficiency. With the introduction of eco-friendly refrigerants in the automotive sector, the need for specialized oils has increased. For example, R-1234yf, a low-GWP refrigerant, is replacing R-134a in many vehicles, requiring oils that are compatible with the new chemical properties. This transition is driving demand for synthetic oils like POE and PAG, which offer superior performance and environmental compliance. The growth of electric vehicles (EVs) adds another dimension to the market. EVs rely heavil...

 The global Refrigeration Oil Market is influenced by several drivers and challenges that shape its growth and trajectory. Understanding these factors is crucial for stakeholders in the industry. Here are the major drivers and challenges of the global Refrigeration Oil Market: Major Drivers: Increasing Demand for Refrigeration Systems: The growing demand for refrigeration systems across various industries, including HVAC, food and beverage, pharmaceuticals, and automotive, is a significant driver for the Refrigeration Oil Market. The expansion of cold chain logistics, rising consumption of frozen and chilled food products, and the need for temperature-controlled storage and transportation contribute to the increased demand for refrigeration systems and, consequently, refrigeration oil. Energy Efficiency and Environmental Regulations: Stricter energy efficiency regulations and environmental norms regarding greenhouse gas emissions have driven the demand for energy-efficient refrig...

 The global Refrigeration Oil Market is influenced by several drivers and challenges that shape its growth and trajectory. Understanding these factors is crucial for stakeholders in the industry. Here are the major drivers and challenges of the global Refrigeration Oil Market: Major Drivers: Increasing Demand for Refrigeration Systems: The growing demand for refrigeration systems across various industries, including HVAC, food and beverage, pharmaceuticals, and automotive, is a significant driver for the Refrigeration Oil Market. The expansion of cold chain logistics, rising consumption of frozen and chilled food products, and the need for temperature-controlled storage and transportation contribute to the increased demand for refrigeration systems and, consequently, refrigeration oil. Energy Efficiency and Environmental Regulations: Stricter energy efficiency regulations and environmental norms regarding greenhouse gas emissions have driven the demand for energy-efficient refrig...

 The global refrigeration oil market is expected to exhibit a steady 5.31% CAGR over the forecast period from 2023 to 2030, according to the latest research report from Market Research Future (MRFR). The global refrigeration oil market is profiled in detail in the report to draw conclusions about the market’s likely growth trajectory over the forecast period. The global refrigeration oil market is expected to grow to a valuation of USD 1731 million by 2030. The growing demand for refrigeration units in supermarkets and hypermarkets to store frozen food and beverage products is likely to be a major driver for the global Refrigeration Oil Market over the forecast period. Packaged food and beverages have become the new norm in the food and beverage industry, leading to a growing demand for effective refrigeration units to keep these products safe. Refrigeration prevents microbial growth in packaged food and beverages, keeping the products fresh for longer. This has driven the demand f...

  Growing Urbanization in Developing Economies to Drive Refrigeration Oil Market The global refrigeration oil market is expected to exhibit a steady 5.31% CAGR over the forecast period from 2021 to 2030, according to the latest research report from Market Research Future (MRFR). The global refrigeration oil market is profiled in detail in the report to draw conclusions about the market’s likely growth trajectory over the forecast period. The global refrigeration oil market is expected to grow to a valuation of USD 1731 million by 2030. The growing demand for refrigeration units in supermarkets and hypermarkets to store frozen food and beverage products is likely to be a major driver for the global refrigeration oil market over the forecast period. Packaged food and beverages have become the new norm in the food and beverage industry, leading to a growing demand for effective refrigeration units to keep these products safe. Refrigeration prevents microbial growth in packaged food an...

  Competitive Analysis: Leading players in the global refrigeration oil market include Cosmo Oil Lubricants Co., Indian Oil Corporation Ltd., Lubriplate Lubricants Company, PETRONAS Dagangan Berhad, Behr Hella Service GmbH, Calumet Specialty Products Partners LP, Total, Exxon Mobil Corporation, Royal Dutch Shell, China Petrochemical Corporation, Arkema, BASF SE, and JXTG Nippon Oil & Energy Corporation. Leading players are likely to focus on increasing the production capacity with regards to synthetic refrigeration oils in the coming years, as the demand for synthetic oils is likely to increase in the coming years. Segmentation: The global Refrigeration Oil Market is segmented on the basis of type, refrigerant type, application, and region. By type, the global refrigeration oil market is segmented into synthetic and mineral oils. The synthetic oil segment holds the largest share in the global refrigeration oil market and is likely to remain dominant over the coming years due ...

  Growing Urbanization in Developing Economies to Drive Refrigeration Oil Market The global refrigeration oil market is expected to exhibit a steady 5.31% CAGR over the forecast period from 2021 to 2030, according to the latest research report from Market Research Future (MRFR). The global refrigeration oil market is profiled in detail in the report to draw conclusions about the market’s likely growth trajectory over the forecast period. The global refrigeration oil market is expected to grow to a valuation of USD 1731 million by 2030. The growing demand for refrigeration units in supermarkets and hypermarkets to store frozen food and beverage products is likely to be a major driver for the global refrigeration oil market over the forecast period. Packaged food and beverages have become the new norm in the food and beverage industry, leading to a growing demand for effective refrigeration units to keep these products safe. Refrigeration prevents microbial growth in packaged food an...

  Growing Urbanization in Developing Economies to Drive Refrigeration Oil Market The global refrigeration oil market is expected to exhibit a steady 4.64% CAGR over the forecast period from 2020 to 2027, according to the latest research report from Market Research Future (MRFR). The global refrigeration oil market is profiled in detail in the report to draw conclusions about the market’s likely growth trajectory over the forecast period. The global refrigeration oil market is expected to grow to a valuation of USD 1,562.2 million by 2027. The growing demand for refrigeration units in supermarkets and hypermarkets to store frozen food and beverage products is likely to be a major driver for the global refrigeration oil market over the forecast period. Packaged food and beverages have become the new norm in the food and beverage industry, leading to a growing demand for effective refrigeration units to keep these products safe. Refrigeration prevents microbial growth in packaged food...