Refrigeration oil is the one that easily mixes with refrigerant and flows throughout the system while the refrigeration cycle is on. It doesn’t freeze at lowest operating temperatures maintained in the specific system. It’s freezing temperature is always 5 times lower than that of the system temperature at which it’s operating. It’s compatible with refrigerant properties. It’s flash point should be high. it’s non flammable and its viscosity should be in such a way that it enables in lubrication of all the mechanical components within the compressor.
APAC is estimated to be the largest refrigeration oil market in 2018 in terms of both, value and volume. It is also estimated to witness the highest growth during the forecast period. This growth can be attributed to the rise in the manufacturing of consumer appliances and automobiles in the region. Furthermore, the changing lifestyle of consumers and their rising income levels have led to a higher demand for refrigerators, freezers, and air conditioners, which, in turn, drives the refrigeration oil market. The growing demand for perishable food products along with growth in the pharmaceutical industry also drives the demand for refrigerators and freezers, further fueling the growth of the refrigeration oil market in the region.
In 2019, the market size of Refrigeration Oil is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Refrigeration Oil.
This report studies the global market size of Refrigeration Oil, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Refrigeration Oil production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Jxtg Group
BASF
Idemitsu Kosan
Exxonmobil
Royal Dutch Shell
Total
Sinopec
Petroliam Nasional Berhad
FUCHS Petrolub
Phillips 66
Lubrizol
BP
Chevron
Market Segment by Product Type
Mineral Oil
Synthetic Oil
Market Segment by Application
Refrigerator & Freezer
Air Conditioner
Automotive AC System
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Refrigeration Oil status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Refrigeration Oil manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Refrigeration Oil are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Refrigeration Oil. Industry analysis & Market Report on Refrigeration Oil is a syndicated market report, published as Global (United States, European Union and China) Refrigeration Oil Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Refrigeration Oil market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.