Global and United States Refrigeration Oil Market Insights, Forecast to 2027

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.

Market Analysis and Insights: Global and United States Refrigeration Oil Market
This report focuses on global and United States Refrigeration Oil market.
In 2020, the global Refrigeration Oil market size was US$ 919 million and it is expected to reach US$ 1139.3 million by the end of 2027, with a CAGR of 2.7% during 2021-2027. In United States the Refrigeration Oil market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Refrigeration Oil Scope and Market Size
Refrigeration Oil market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Refrigeration Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the Refrigeration Oil market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in United States.

Segment by Type
Mineral Oil
Synthetic Oil

Segment by Application
Refrigerator & Freezer
Air Conditioner
Automotive AC System
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Jxtg Group
BASF
Idemitsu Kosan
Exxonmobil
Royal Dutch Shell
Total
Sinopec
Petroliam Nasional Berhad
FUCHS Petrolub
Phillips 66
Lubrizol
BP
Chevron