Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Refrigeration oil can be derived from either synthetic or mineral oil. It has excellent thermal and chemical stability and is completely contamination-free. It is used in the refrigeration system to lubricate the moving parts and reduce the friction of the metal components. It flows under high pressure to get convert into the liquid to vapor state in order to generate a cooling effect. Moreover, it has excellent viscosity index and high shear stability.

The global refrigeration oil market is projected to surpass US$ 1800 million by the end of 2027, in terms of revenue, growing at CAGR of 5.3% during the forecast period (2020 to 2027).

Drivers

The booming healthcare industry, advancement in the treatment, and increasing prevalence of chronic disease are projected to fuel the demand for refrigeration systems this is, in turn, propelling the market growth. Increasing use of refrigeration systems due to growing need for storing drugs and vaccines along with the growing development of novel drugs is further anticipated to accelerate the market growth of the refrigeration oil.

Growth in the food &beverage industry is a prime factor fueling the market growth of the refrigeration oil. Rising demand for perishable food products coupled with the increasing trade of food around the globe is also contributing to the market growth of the refrigeration oil. Moreover, increasing the consumption of frozen and packaged food products is another major factor expected to augment the market growth of the refrigeration oil.

Regionally, Asia-pacific dominated the global refrigeration oil market in 2019, reporting 35% market share in terms of revenue, followed by Europe and North America, respectively.

Figure 1. Global Refrigeration Oil Market, Revenue Share (%), By Region, 2019

Refrigeration Oil  | Coherent Market Insights

Market Restraints

Strict rules and regulations on the use of fluorocarbon refrigerants system are expected to hamper the market growth over the forecast period.

Various environmental factors associated with the use of a refrigeration system is expected to be a major challenge for the market growth of the refrigeration oil.

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Refrigeration Oil Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 1200 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.3% 2027 Value Projection: US$ 1800 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By Product type: Mineral Oil and Synthetic Oil
  • By Refrigerant Type: Air Conditioners, Coolers, Chillers, Condensers, Refrigerators/Freezers and Others
  • By End User: Industrial, Commercial, and Residential
  • By Application: Air Conditioners, Coolers, Chillers, Refrigerators/ Freezers, Condensers, and Others
Companies covered:

ExxonMobil Corporation, Royal Dutch Shell Plc, Idemitsu Kosan Co., Ltd., Meiwa Corporation, CPI Fluid Engineering, FUCHS Lubricants, and Performance Chemicals

Growth Drivers:
  • Booming healthcare industry, advancement in the treatment, and increasing prevalence of chronic disease
  • Growth in the food & beverage industry across the globe
  • Rising demand for HVAC & R systems across both residential as well as commercial sectors
Restraints & Challenges:
  • Strict rules and regulations on the use of fluorocarbon refrigerants system
  • Environmental factors associated with the use of a refrigeration system

Market Opportunities

The growing use of the refrigeration system in transportation application such as the cold chain is expected to provide numerous growth opportunities. According to the UN’s Food and Agriculture Organisation (FAO), 40% of food produced in the developing countries undergoes wasted before reaching a market. In addition to this, 25% of vaccines go waste in India before reaching to doctors or to patients. Thus, emerging cold chain sector is projected to foster the market growth of refrigeration oil.

Growth in the chemical industry for storing sensitive chemicals that require a proper storage system is expected to augment the demand for refrigeration system which in turn is fueling the market growth. Also, growing demand for low global warming potential (GWP) and ozone depletion potential (ODP) conditioning systems for reducing environmental impact is expected to accelerate the market growth of the refrigeration oil over the forecast period.

Figure 2. Global Refrigeration Oil Market – Opportunity Analysis

Refrigeration Oil  | Coherent Market Insights

Market Trends

Increasing adoption of polyvinyl ether (PVE) as a refrigerant oil a miscible and compatible oil to all types of HFC refrigeration systems is expected to be a major trend in the market. Moreover, PVE oil offers better compatibility with R-410A as compared to poly olester (POE) oils. Thus rising adoption of polyvinyl ether (PVE) as a refrigeration oil is expected to foster the market growth of over the forecast period.

The growing production of alkyl benzene by the manufacturer in order to meet the rising demand for high-performance lubricants is expected to augment the market growth. For instance, in April 2017, Cepsa expands production of linear alkylbenzene in Brazil. The revamping process allows it to increase the plant’s production capacity up to 260,000 metric tons per year (m.t./yr). Thus, the rising production of alkyl benzene will favor market growth over the forecast period.

Figure 3. Global Refrigeration Oil Market, Revenue Share (%), By Application, in 2019

Refrigeration Oil  | Coherent Market Insights

On the basis of application, air conditioners dominated the global refrigeration oil market in 2019 with around 27% of market share in terms of revenue, followed by chillers and refrigerators/freezers, respectively.

Global Refrigeration Oil Market - Impact of Coronavirus (Covid-19) Pandemic

Refrigeration oils market has witnesses a decline in demand from majority of its end use industries for such as power generation, machinery, chemicals, metal manufacturing, and others amidst of government implementation of lockdown in various countries. The global refrigeration oil market is expected to grow at very low cagr till the early quarter of 2021.

Competitive Section

Key players are operating in the global refrigeration oil market are ExxonMobil Corporation, Royal Dutch Shell Plc, Idemitsu Kosan Co., Ltd., Meiwa Corporation, CPI Fluid Engineering, FUCHS Lubricants, and Performance Chemicals

Refrigeration oil is derived from formulating a mixture of oil and additives at high-temperature devised for usage in cooling systems. Refrigeration oil is widely used for lubrication purpose in refrigeration compressors and other systems in order to reduce friction between metal parts and wear in the compressor.

Market Dynamics

The global refrigeration oil market has witnessed significant growth in recent past years, owing to the rising demand for home appliances coupled with shifting preferences for low GWP refrigerants due to growing concerns regarding global warming. This scenario is expected to provide lucrative growth to the global Refrigeration oil market over the forecast period.

Major players in the global Refrigeration oil market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use industries energy, chemicals, manufacturing, and others. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global refrigeration oil market size (US$ Billion and Thousand Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global refrigeration oil market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes ExxonMobil Corporation, Royal Dutch Shell Plc, Idemitsu Kosan Co., Ltd., Meiwa Corporation, CPI Fluid Engineering, FUCHS Lubricants, and Performance Chemicals
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Refrigeration oil up-gradation, market expansion, and marketing tactics
  • The global Refrigeration oil market report caters to various stakeholders in this industry including investors, suppliers, global refrigeration oil manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global Refrigeration oil market

Detailed Segmentation:

  • Global Refrigeration Oil Market, By Product Type:
    • Mineral Oil
    • Synthetic Oil
      • Polyol Ester
      • Poly Alpha Olefin
      • Alkyl Benzene
      • Polyalkylene Glycol
      • Polyvinyl ether
      • Others
  • Global Refrigeration Oil Market, By Refrigerant Type:
    • Chlorofluorocarbon (CFC)
    • Hydro-chlorofluorocarbon (HCFC)
    • Hydro-fluorocarbon (HFC)
    • Ammonia
    • Others
  • Global Refrigeration Oil Market, By End User:
    • Industrial
    • Commercial
    • Residential
  • Global Refrigeration Oil Market, By Application:
    • Air Conditioners
    • Coolers
    • Chillers
    • Refrigerators/Freezers
    • Condensers
    • Others
  • Global Refrigeration Oil Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • Canada
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
    • Latin America
      • Brazil
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • Mexico
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      •  Rest of Latin America
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
    • Europe
      • France
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • Germany
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • U.K.
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • Russia
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • Rest of Europe
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
    • Asia Pacific
      • China
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • Japan
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • Australia
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • India
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • Rest of the Asia-pacific
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
    • Middle East & Africa
      • GCC
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • South Africa
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
      • Rest of Middle East & Africa
        • By Product Type
          • Mineral Oil
          • Synthetic Oil
            • Polyol Ester
            • Poly Alpha Olefin
            • Alkyl Benzene
            • Polyalkylene Glycol
            • Polyvinyl ether
            • Others
        • By Refrigerant Type
          • Chlorofluorocarbon (CFC)
          • Hydro-chlorofluorocarbon (HCFC)
          • Hydro-fluorocarbon (HFC)
          • Ammonia
          • Others
        • By End User
          • Industrial
          • Commercial
          • Residential
        • By Application
          • Air Conditioners
          • Coolers
          • Chillers
          • Refrigerators/Freezers
          • Condensers
          • Others
  • Company Profiles
    • ExxonMobil Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Royal Dutch Shell Plc
    • Idemitsu Kosan Co., Ltd.
    • Meiwa Corporation
    • CPI Fluid Engineering
    • FUCHS Lubricants
    • Performance Chemicals

“*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Refrigerant Type
      • Market Snippet, By End User
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Refrigeration Oil Market - Impact of Coronavirus (Covid-19) Pandemic
    • Paradigm Shift in the Technology, by End User
      • Industrial
      • Commercial
      • Residential
  5. Global Refrigeration Oil Market, By Product Type, 2017 - 2027 (US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Mineral Oil
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Synthetic Oil
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
        • Polyol Ester
        • Poly Alpha Olefin
        • Alkyl Benzene
        • Polyalkylene Glycol
        • Polyvinyl ether
        • Others
  6. Global Refrigeration Oil Market, By Refrigerant Type, 2017 - 2027 (US$ Million and Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Chlorofluorocarbon (CFC)
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Hydro-chlorofluorocarbon (HCFC)
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Hydro-fluorocarbon (HFC)
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Ammonia
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Refrigeration Oil Market, By Region, 2017- 2027 (US$ Million and Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Refrigerant Type, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By End User, 2017- 2027 (US$ Million and Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Tons)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • ExxonMobil Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Royal Dutch Shell Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Idemitsu Kosan Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Meiwa Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • CPI Fluid Engineering
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • FUCHS Lubricants
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Performance Chemicals
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
        •  
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Refrigeration Oil Market” – global forecast to 2027

Frequently Asked Questions

The market for global Refrigeration oil is forecast to surpass US$ 72.0 billion by 2027 witnessing a CAGR of 5.3% between 2020 and 2027.
Booming healthcare industry, advancement in the treatment, and increasing prevalence of chronic disease and growth in the food & beverage industry across the globe is fuelling the growth of the global Refrigeration oil market in the region.
Rising demand for Refrigeration oil from the textile industry where it is used to manufacture various appeals is expected to favor market growth over the forecast period.
Strict rules and regulations on the use of fluorocarbon refrigerants system and environmental factors associated with the use of a refrigeration system is expected to hamper the growth the market during the forecast period.
Major players operating in the global refrigeration oil market include ExxonMobil Corporation, Royal Dutch Shell Plc, Idemitsu Kosan Co., Ltd., Meiwa Corporation, CPI Fluid Engineering, FUCHS Lubricants, and Performance Chemicals.
The global Refrigeration oil market was estimated to be valued around US$ 50.0 billion in terms of revenue in 2019.
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