Refrigeration oil Market Forecast to 2027

Description

Refrigeration Oil Market Analysis

Refrigeration Oil Market Forecast to 2027

Market Overview

The compressors that play a role in producing cold air are typically lubricated with refrigeration oil. This oil helps reduce friction between metal parts, thereby reducing wear and tear on the compressor and extending its lifespan. Refrigeration oil is highly valued as a lubricant for the metal industry due to its ability to withstand high temperatures. The demand for consumer electronics, low GWP refrigerants, and food and pharmaceutical industries is expanding, which has resulted in an increase in demand for refrigeration oil. The market dynamics for the refrigeration oil sector have changed as a result of the rising demand for synthetic oil.
The refrigeration oil market report offers insightful information on trade laws, fresh new trends, value chain optimization, import-export analysis, and the effects of domestic and local market players, production analysis, opportunities, market share, market value, product launches, product approvals, technological advancements, and geographic expansions. The primary regions to produce refrigeration oils are Asia-Pacific, North America, and Europe. The refrigeration oil industry’s two largest industrial markets are China and India.

Segment Overview

The synthetic oil (polyalphaolefin, polyol ester, alkylbenzene, polyethylene glycol, and polyvinyl ether) and mineral oil segments of the refrigeration oil market are separated by type. According to the kind of refrigerant used, the refrigeration oil market is divided into ammonia, carbon dioxide, HCFCs (hydrochlorofluorocarbons), and HFCS segments. Refrigerators, freezers, aftermarket, automobile A.C. systems, air conditioners, chillers, and other applications make up the refrigeration oil market segments.

Regional Analysis

Europe, North America, Asia-Pacific, and other nations are the geographical segments of the refrigeration oil market. Leading refrigeration oil industries are in Asia-Pacific. The refrigeration oil industry’s two huge industrial markets are China and India. The need for low GWP refrigerants and consumer appliances, automotive production, food and pharmaceutical industries, and refrigeration oil has increased recently. The growth of the refrigeration oil market both internationally and in rural areas of individual countries has been predicted by factors such as production sites and volumes, consumption volumes, price trend analysis, import-export analysis, upstream and downstream value chain analysis, and cost of raw materials. In the trading, refinement, and production of refrigeration oil, numerous national and international brands are very important.

Major Player

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Royal Dutch Shell Plc, Petroleum Nasional Berhad (PETRONAS), Sun Company, Exxon Mobil Corporation, Jxtg Group, Behr Hella Service Gmbh, China Petrochemical Corporation (Sinopec Group), BASF SE, The Lubrizol Corporation, CAMCO Lubricants, Idemitsu Kosan Co. Ltd., Cosmo Oil Lubricants Co. Ltd., Lubriplate Lubricants Company, Phillips 66 Lubricants, Indian Oil Corporation Ltd are among the leading companies operating in the global Refrigeration oil market.

COVID 19 Impacts

The planet is reportedly in an emergency situation as of right now. The virus that started in a flea market in Wuhan, China, has had a negative economic, political, and social impact on the entire planet. People are now used to liking the fundamentals. Governments all throughout the world enacted lockdowns globally and at the state level to stop the virus’s spread because human life was in danger. Additionally, industries all around the world came to a halt. The refining and extraction of refrigeration oil required less workers as a result of the stagnating situation of the industry. In the following years, the industry is anticipated to overcome its current state of stagnation by becoming more productive.

TABLE OF CONTENT

1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 21
1.1.1 GLOBAL REFRIGERATION OIL MARKET, BY TYPE 21
1.1.2 GLOBAL REFRIGERATION OIL MARKET, BY REFRIGERANT TYPE 22
1.1.3 GLOBAL REFRIGERATION OIL MARKET, BY APPLICATION 23
2 MARKET INTRODUCTION
2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 25
3.2 PRIMARY RESEARCH 26
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 27
3.5 FORECAST MODEL 29
3.6 LIST OF ASSUMPTIONS 29
4 MARKET DYNAMICS
4.1 INTRODUCTION 30
4.2 DRIVERS 31
4.2.1 INCREASING USE OF REFRIGERATION SYSTEMS IN THE COMMERCIAL AND INDUSTRIAL SECTORS 31
4.2.2 GROWING DEMAND FOR CONSUMER ELECTRONICS 31
4.2.3 INCREASING DEMAND FOR HIGH PERFORMANCE REFRIGERANTS IN AUTOMOTIVE AC SYSTEMS 32
4.2.4 DRIVERS IMPACT ANALYSIS 33
4.3 RESTRAINT 33
4.3.1 PHASING OUT OF THE USE OF HFCS AND HCFCS 33
4.3.2 RESTRAINTS IMPACT ANALYSIS 34
4.4 OPPORTUNITY 34
4.4.1 INCREASING DEMAND FOR HIGH-QUALITY REFRIGERATION OIL 34
4.5 TREND 35
4.5.1 INCREASING USE OF NATURAL REFRIGERANTS 35
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS 36
5.1.1 RAW MATERIAL SUPPLIERS 36
5.1.2 REFRIGERATION OIL PRODUCERS 36
5.1.3 DISTRIBUTION CHANNEL 36
5.1.4 APPLICATION 37
5.2 PORTER’S FIVE FORCES MODEL 37
5.2.1 THREAT OF NEW ENTRANTS 38
5.2.2 INTENSITY OF COMPETITIVE RIVALRY 38
5.2.3 THREAT OF SUBSTITUTES 38
5.2.4 BARGAINING POWER OF SUPPLIERS 38
5.2.5 BARGAINING POWER OF BUYERS 38
5.3 GLOBAL REFRIGERATION OIL PRICING ANALYSIS 39
6 GLOBAL REFRIGERATION OIL MARKET, BY TYPE
6.1 INTRODUCTION 40
6.2 SYNTHETIC OIL 41
6.3 MINERAL OIL 43
7 GLOBAL REFRIGERATION OIL MARKET, BY APPLICATION
7.1 INTRODUCTION 44
7.2 REFRIGERATOR AND FREEZER 46
7.3 CHILLERS 47
7.4 AIR CONDITIONERS 48
7.5 AUTOMOTIVE AC SYSTEMS 49
7.6 AFTERMARKET 50
7.7 OTHERS 51
8 GLOBAL REFRIGERATION OIL MARKET, BY REFRIGERANT TYPE
8.1 INTRODUCTION 52
8.2 AMMONIA/CO2 53
8.3 HYDRO FLUOROCARBON (HFCS) 54
8.4 OTHERS 56
9 GLOBAL REFRIGERATION OIL MARKET, BY REGION
9.1 INTRODUCTION 57
9.2 NORTH AMERICA 63
9.2.1 US 67
9.2.2 CANADA 69
9.3 EUROPE 73
9.3.1 GERMANY 77
9.3.2 UK 80
9.3.3 RUSSIA 82
9.3.4 FRANCE 85
9.3.5 SPAIN 87
9.3.6 ITALY 90
9.3.7 POLAND 92
9.3.8 REST OF EUROPE 95
9.4 ASIA-PACIFIC 98
9.4.1 CHINA 102
9.4.2 JAPAN 105
9.4.3 INDIA 107
9.4.4 SOUTH KOREA 110
9.4.5 AUSTRALIA & NEW ZEALAND 112
9.4.6 INDONESIA 115
9.4.7 REST OF ASIA-PACIFIC 117
9.5 MIDDLE EAST & AFRICA 121
9.5.1 SAUDI ARABIA 126
9.5.2 UAE 128
9.5.3 TURKEY 131
9.5.4 QATAR 133
9.5.5 KUWAIT 136
9.5.6 BAHRAIN 138
9.5.7 OMAN 141
9.5.8 EGYPT 143
9.5.9 SOUTH AFRICA 146
9.5.10 REST OF THE MIDDLE EAST AND AFRICA 148
9.6 LATIN AMERICA 152
9.6.1 MEXICO 156
9.6.2 BRAZIL 158
9.6.3 ARGENTINA 161
9.6.4 REST OF LATIN AMERICA 163
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION 167
10.1.1 MARKET STRATEGY ANALYSIS 167
10.2 KEY DEVELOPMENTS & GROWTH STRATEGIES 169
11 COMPANY PROFILES
11.1 JXTG NIPPON OIL & ENERGY CORPORATION 170
11.1.1 COMPANY OVERVIEW 170
11.1.2 FINANCIAL OVERVIEW 171
11.1.3 PRODUCTS OFFERED 172
11.1.4 KEY DEVELOPMENTS 172
11.1.5 SWOT ANALYSIS 172
11.1.6 KEY STRATEGIES 173
11.2 BASF SE 174
11.2.1 COMPANY OVERVIEW 174
11.2.2 FINANCIAL OVERVIEW 175
11.2.3 PRODUCTS OFFERED 176
11.2.4 KEY DEVELOPMENTS 176
11.2.5 SWOT ANALYSIS 177
11.2.6 KEY STRATEGIES 177
11.3 CHINA PETROCHEMICAL CORPORATION 178
11.3.1 COMPANY OVERVIEW 178
11.3.2 FINANCIAL OVERVIEW 179
11.3.3 PRODUCTS OFFERED 179
11.3.4 KEY DEVELOPMENTS 179
11.3.5 SWOT ANALYSIS 180
11.3.6 KEY STRATEGIES 180
11.4 ROYAL DUTCH SHELL 181
11.4.1 COMPANY OVERVIEW 181
11.4.2 FINANCIAL OVERVIEW 182
11.4.3 PRODUCTS OFFERED 182
11.4.4 KEY DEVELOPMENTS 183
11.4.5 SWOT ANALYSIS 183
11.4.6 KEY STRATEGIES 183
11.5 EXXON MOBIL CORPORATION 184
11.5.1 COMPANY OVERVIEW 184
11.5.2 FINANCIAL OVERVIEW 185
11.5.3 PRODUCTS OFFERED 185
11.5.4 KEY DEVELOPMENTS 186
11.5.5 SWOT ANALYSIS 186
11.5.6 KEY STRATEGIES 187
11.6 TOTAL 188
11.6.1 COMPANY OVERVIEW 188
11.6.2 FINANCIAL OVERVIEW 188
11.6.3 PRODUCTS OFFERED 189
11.6.4 KEY DEVELOPMENTS 189
11.6.5 SWOT ANALYSIS 189
11.6.6 KEY STRATEGIES 190
11.7 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P. 191
11.7.1 COMPANY OVERVIEW 191
11.7.2 FINANCIAL OVERVIEW 191
11.7.3 PRODUCTS OFFERED 192
11.7.4 KEY DEVELOPMENTS 192
11.7.5 SWOT ANALYSIS 192
11.7.6 KEY STRATEGIES 192
11.8 BEHR HELLA SERVICE GMBH 193
11.8.1 COMPANY OVERVIEW 193
11.8.2 FINANCIAL OVERVIEW 193
11.8.3 PRODUCTS OFFERED 193
11.8.4 KEY DEVELOPMENTS 193
11.8.5 SWOT ANALYSIS 194
11.8.6 KEY STRATEGIES 194
11.9 PETRONAS DAGANGAN BERHAD 195
11.9.1 COMPANY OVERVIEW 195
11.9.2 FINANCIAL OVERVIEW 196
11.9.3 PRODUCT OFFERINGS 196
11.9.4 KEY DEVELOPMENTS 196
11.9.5 SWOT ANALYSIS 197
11.9.6 KEY STRATEGIES 197
11.10 LUBRIPLATE LUBRICANTS COMPANY 198
11.10.1 COMPANY OVERVIEW 198
11.10.2 FINANCIAL OVERVIEW 198
11.10.3 PRODUCT OFFERINGS 198
11.10.4 KEY DEVELOPMENTS 198
11.10.5 SWOT ANALYSIS 199
11.10.6 KEY STRATEGIES 199
11.11 INDIAN OIL CORPORATION LTD 200
11.11.1 COMPANY OVERVIEW 200
11.11.2 FINANCIAL OVERVIEW 201
11.11.3 PRODUCTS OFFERED 201
11.11.4 KEY DEVELOPMENTS 202
11.11.5 SWOT ANALYSIS 203
11.11.6 KEY STRATEGIES 203
11.12 COSMO OIL LUBRICANTS CO., LTD 204
11.12.1 COMPANY OVERVIEW 204
11.12.2 FINANCIAL OVERVIEW 205
11.12.3 PRODUCTS OFFERED 206
11.12.4 KEY DEVELOPMENTS 206
11.12.5 SWOT ANALYSIS 207
11.12.6 KEY STRATEGIES 207