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Refrigeration Oil Market by Oil Type (Mineral Oil and Synthetic Oil), By Refrigerant Type (Chlorofluorocarbon (CFC), Hydrochlorofluorocarbon (HCFC), Ammonia, Hydrofluorocarbon (HFC)), and by Application (Refrigerator & Freezer, Air Conditioner, Automotive AC System, Chillers, and Condensers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Published Date: 22-Oct-2018 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-2737 Status : Published

Global refrigeration oil market expected to generate around USD 1340 million in revenue by the end of 2024, growing at a CAGR of around 4.2% between 2018 and 2024. Refrigeration oil has several benefits, such as low pour point, low contamination, excellent thermal and chemical stability, high dielectric strength, and low viscosity.

Description

The report covers forecast and analysis for the refrigeration oil market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes the drivers and restraints for the refrigeration oil market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the refrigeration oil market on a global level.

In order to give the users of this report a comprehensive view of the refrigeration oil market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein oil type, refrigerant type, and application segments are benchmarked based on their market size, growth rate, and general attractiveness.

Refrigeration-Oil-Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new refrigerant type launch, agreements, partnerships, collaborations & joint ventures, research & development, refrigerant type, and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis and the oil type portfolio of various companies according to regions.

The study provides a decisive view on the refrigeration oil market by segmenting the market based on oil type, refrigerant type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. This segmentation includes the demand for refrigeration oil market based on all segments in all the regions and countries.

Major players operating in the refrigeration oil market are Fuchs Lubricants, BASF SE, Idemitsu Kosan Co. Ltd., Meiwa Corporation, ExxonMobil Corporation, Chevron Royal Dutch Shell Plc, Phillips Chemical Company, The Lubrizol Corporation, China Petrochemical Corporation, Indian Oil Corporation Ltd, JXTG Holdings Inc., Behr Hella Service GmbH, Lubriplate Lubricants Company, and Calumet Specialty Products Partners, L.P., among others.    

This report segments the global refrigeration oil market as follows:

Global Refrigeration Oil Market: Oil Type Segment Analysis

  • Mineral Oil
  • Synthetic Oil

Global Refrigeration Oil Market: Refrigerant Type Segment Analysis

  • Chlorofluorocarbon (CFC)
  • Hydrochlorofluorocarbon (HCFC)
  • Ammonia
  • Hydrofluorocarbon (HFC)

Global Refrigeration Oil Market: Application Segment Analysis

  • Microbial Contamination
  • Refrigerator & Freezer
  • Air Conditioner
  • Automotive AC System
  • Chillers
  • Condensers

Global Refrigeration Oil Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global refrigeration oil market, 2015 - 2024 (USD Million)
    • 2.2. Global refrigeration oil market: snapshot
  •  
  • Chapter 3. Refrigeration Oil Market - Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global refrigeration oil market drivers: impact analysis
      • 3.2.2. Increasing demand for consumer appliances
      • 3.2.3. Growing demand from food and pharmaceutical industries
    • 3.3. Market Restraints
      • 3.3.1. Global refrigeration oil market restraints: impact analysis
      • 3.3.2. Stringent Regulations to Limit the Use of Fluorocarbon Refrigerants
    • 3.4. Opportunities
      • 3.4.1. Growing demand for low viscosity and high-quality refrigeration oil
    • 3.5. Porter's Five Forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by oil type segment
      • 3.6.2. Market attractiveness analysis, by refrigerant type segment
      • 3.6.3. Market attractiveness analysis, by application segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Refrigeration Oil Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global refrigeration oil market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Refrigeration Oil Market - Oil Type Segment Analysis
    • 5.1. Global refrigeration oil market: oil type overview
      • 5.1.1. Global refrigeration oil market revenue share, by oil type, 2017 and 2024
    • 5.2. Mineral Oil
      • 5.2.1. Global refrigeration oil market for mineral oil market, 2015 - 2024 (USD Million)
    • 5.3. Synthetic Oil
      • 5.3.1. Global refrigeration oil market for synthetic oil market, 2015 - 2024 (USD Million)
  •  
  • Chapter 6. Global Refrigeration Oil Market - Refrigerant Type Segment Analysis
    • 6.1. Global refrigeration oil market: refrigerant type overview
      • 6.1.1. Global refrigeration oil market revenue share, by refrigerant type, 2017 and 2024
    • 6.2. Chlorofluorocarbon (CFC)
      • 6.2.1. Global refrigeration oil market for chlorofluorocarbon (CFC) market, 2015 - 2024 (USD Million)
    • 6.3. Hydrochlorofluorocarbon (HCFC)
      • 6.3.1. Global refrigeration oil market for hydrochlorofluorocarbon (HCFC) market, 2015 - 2024 (USD Million)
    • 6.4. Ammonia
      • 6.4.1. Global refrigeration oil market for ammonia market, 2015 - 2024 (USD Million)
    • 6.5. Hydrofluorocarbon (HFC)
      • 6.5.1. Global refrigeration oil market for hydrofluorocarbon (HFC) market, 2015 - 2024 (USD Million)
  •  
  • Chapter 7. Global Refrigeration Oil Market- Application Segment Analysis
    • 7.1. Global refrigeration oil market: application overview
      • 7.1.1. Global refrigeration oil market revenue share, by application, 2017 and 2024
    • 7.2. Refrigerator & Freezer
      • 7.2.1. Global refrigeration oil market for refrigerator & freezer, 2015 - 2024 (USD Million)
    • 7.3. Automotive AC System
      • 7.3.1. Global refrigeration oil market for automotive AC system, 2015 - 2024 (USD Million)
    • 7.4. Chillers
      • 7.4.1. Global refrigeration oil market for chillers, 2015 - 2024 (USD Million)
    • 7.5. Condensers
      • 7.5.1. Global refrigeration oil market for condensers, 2015 - 2024 (USD Million)
  •  
  • Chapter 8. Global Refrigeration Oil Market - Regional Segment Analysis
    • 8.1. Global refrigeration oil market: regional overview
      • 8.1.1. Global refrigeration oil market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
      • 8.2.2. North America refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
      • 8.2.3. North America refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.2.4.2. U.S. refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.2.4.3. U.S. refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.2.5. Canada
        • 8.2.5.1. Canada refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.2.5.2. Canada refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.2.5.3. Canada refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.2.6. Mexico
        • 8.2.6.1. Mexico refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.2.6.2. Mexico refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.2.6.3. Mexico refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
      • 8.3.2. Europe refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
      • 8.3.3. Europe refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.4. UK
        • 8.3.4.1. UK refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.3.4.2. UK refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.3.4.3. UK refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.5. Germany
        • 8.3.5.1. Germany refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.3.5.2. Germany refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.3.5.3. Germany refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.3.6.2. France refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.3.6.3. France refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.7. Spain
        • 8.3.7.1. Spain refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.3.7.2. Spain refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.3.7.3. Spain refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.8. Italy
        • 8.3.8.1. Italy refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.3.8.2. Italy refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.3.8.3. Italy refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.3.9. Rest of Europe
        • 8.3.9.1. Rest of Europe refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.3.9.2. Rest of Europe refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.3.9.3. Rest of Europe refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
      • 8.4.2. Asia Pacific refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
      • 8.4.3. Asia Pacific refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.4.4.2. China refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.4.4.3. China refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.4.5.2. Japan refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.4.5.3. Japan refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.4.6.2. India refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.4.6.3. India refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.4.7.2. Southeast Asia refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.4.7.3. Southeast Asia refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.8. Australia
        • 8.4.8.1. Australia refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.4.8.2. Australia refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.4.8.3. Australia refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.4.9.2. South Korea refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.4.9.3. South Korea refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.4.10. Rest of Asia Pacific
        • 8.4.10.1. Rest of Asia Pacific refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.4.10.2. Rest of Asia Pacific refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.4.10.3. Rest of Asia Pacific refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
      • 8.5.2. Latin America refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
      • 8.5.3. Latin America refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.5.4.2. Brazil refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.5.4.3. Brazil refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.5.5. Argentina
        • 8.5.5.1. Argentina refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.5.5.2. Argentina refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.5.5.3. Argentina refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.5.6. Rest of Latin America
        • 8.5.6.1. Rest of Latin America refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.5.6.2. Rest of Latin America refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.5.6.3. Rest of Latin America refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
      • 8.6.2. Middle East and Africa refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
      • 8.6.3. Middle East and Africa refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.6.4.2. GCC Countries refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.6.4.3. GCC Countries refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.6.5. South Africa
        • 8.6.5.1. South Africa refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.6.5.2. South Africa refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.6.5.3. South Africa refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
      • 8.6.6. Rest of Middle East & Africa
        • 8.6.6.1. Rest of Middle East & Africa refrigeration oil market revenue, by oil type, 2015 - 2024 (USD Million)
        • 8.6.6.2. Rest of Middle East & Africa refrigeration oil market revenue, by refrigerant type, 2015 - 2024 (USD Million)
        • 8.6.6.3. Rest of Middle East & Africa refrigeration oil market revenue, by application, 2015 - 2024 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Fuchs Lubricants
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. BASF SE
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Meiwa Corporation
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Idemitsu Kosan Co. Ltd.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. ExxonMobil Corporation
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Chevron Royal Dutch Shell Plc
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Phillips Chemical Company
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. The Lubrizol Corporation
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. China Petrochemical Corporation
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Indian Oil Corporation Ltd
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Methodology

Free Analysis

Refrigeration oil is a mixture of oil and additives, which is used as a lubricant in the refrigeration system. It is used to lubricate the compressor to keep the system running smoothly. The oil used in the refrigeration systems ensures evacuation of heat caused by friction of various mobile parts. Refrigeration oil is derived from mineral and synthetic oils. In a traditional refrigeration system, by default, mineral oil is used. However, these oils are no longer suitable for the latest refrigeration systems, due to their inadequate lubricity and miscibility. Refrigeration oil has several benefits, which include low pour point, low contamination, excellent thermal and chemical stability, high dielectric strength, and low viscosity. It provides lubrication to all the moving parts, including gears, bearing, and mechanical seals, among other loaded contacts to the compressor. The global usage of refrigeration oil was accounted for approximately 300,420.6 metric tons in 2016. Moreover, the revenue of the refrigeration oil market is projected to increase at a CAGR of 4.2% during the forecast period.

The rising demand for consumer appliances, such as refrigerators and air conditioners among others, will primarily drive the expansion of the refrigeration oil market during the forecast period. Moreover, technological advancements and the changing lifestyles of people globally are considerable factors positively influencing the growth of refrigeration oil market. In addition, rising demand for refrigerators from the pharmaceutical and food industries in order to increase the shelf life of products is anticipated to positively influence this market’s growth in the upcoming years. The refrigerant oil has its application in various industries, such as chemicals, oil and gas processing, gas compression, pharmaceuticals, test chambers, and power generation, among others. However, strict regulations regarding the limitation on the use of fluorocarbon refrigerants due to the consequent depletion of the ozone layer are hampering the growth of this market during the forecast period

Refrigeration-Oil-Market.png

On the basis of oil type, refrigeration oil market is bifurcated into mineral oil and synthetic oil. Based on refrigeration type, this market is categorized into chlorofluorocarbon (CFC), hydrochlorofluorocarbon (HCFC), ammonia, and hydrofluorocarbon (HFC). On the basis of application, this market is segmented into the air conditioner, refrigerator and freezer, automotive AC system, chillers, and condensers.

On the basis of geography, Asia Pacific is anticipated to be the dominant region during the forecast period. This growth can be attributed to the rising population, which, in turn, leads to the increase in demand for freezers, refrigerators, air conditioners, and automobiles in the developing markets, such as India and China. Furthermore, increasing employment rate, improving lifestyle, and rise in disposable income of people are some other factors that make this region a lucrative market for refrigeration oil manufacturers.

Major players of the refrigeration oil market include Fuchs Lubricants, BASF SE, Idemitsu Kosan Co. Ltd., Meiwa Corporation, ExxonMobil Corporation, Chevron Royal Dutch Shell Plc, Phillips Chemical Company, The Lubrizol Corporation, China Petrochemical Corporation, Indian Oil Corporation Ltd., JXTG Holdings Inc., Behr Hella Service GmbH, Lubriplate Lubricants Company, and Calumet Specialty Products Partners, L.P., among others.

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