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Global Refrigerant Oils Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Sep 25, 2025
Length 149 Pages
SKU # BOSS20443253

Description

Report Overview

Refrigerant oils are specialized lubricants designed to work in conjunction with refrigerants in cooling systems, ensuring smooth operation of compressors and other mechanical components while maintaining thermal stability and chemical compatibility. These oils play a crucial role in reducing friction, preventing wear, and enhancing the efficiency of refrigeration and air conditioning systems. They are categorized based on their base composition, including mineral oils, synthetic alkylbenzenes (AB), polyolester (POE), and polyvinyl ether (PVE), each tailored for specific refrigerant types such as CFCs, HCFCs, HFCs, and newer environmentally friendly alternatives like HFOs. The performance of refrigerant oils is influenced by factors such as viscosity, miscibility with refrigerants, thermal stability, and moisture resistance, making them a critical component in both residential and commercial HVAC-R applications. The global refrigerant oil market is driven by increasing demand for refrigeration and air conditioning systems across residential, commercial, and industrial sectors, particularly in emerging economies with rising urbanization and disposable incomes. Strict environmental regulations, such as the phasedown of high-GWP refrigerants under the Kigali Amendment, are pushing manufacturers toward eco-friendly solutions, boosting demand for synthetic oils compatible with low-GWP refrigerants like R-32 and R-1234yf. The market faces challenges from fluctuating raw material prices and the need for continuous innovation to meet evolving refrigerant standards. Key players are focusing on R&D to develop advanced formulations that enhance energy efficiency and system longevity. Geographically, Asia-Pacific dominates the market due to rapid industrialization and climate-driven demand, while North America and Europe emphasize sustainable alternatives in line with regulatory compliance. The competitive landscape includes major lubricant manufacturers and chemical companies investing in strategic partnerships and product differentiation to capture market share.

The global Refrigerant Oils market size was estimated at USD 1581.99 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.50% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global Refrigerant Oils market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global Refrigerant Oils market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Refrigerant Oils market.

Global Refrigerant Oils Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

The Lubrizol Corporation

The Dow Chemical

BASF SE

Royal Dutch Shell Plc

Fuchs Lubricants

Chevron Corporation

Idemitsu Kosan

Summit Industrial Products

Lanxess

Exxon Mobil Corporation

CITGO Petroleum Corporation

SonnebornLLC

BVAInc

JX Holdings

Market Segmentation (by Type)

Mineral Oils

Synthetic Oils

Market Segmentation (by Application)

Automotive

Machinery & Equipment

Other

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Refrigerant Oils Market

Overview of the regional outlook of the Refrigerant Oils Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Refrigerant Oils Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Refrigerant Oils, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

149 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Refrigerant Oils
1.2 Key Market Segments
1.2.1 Refrigerant Oils Segment by Type
1.2.2 Refrigerant Oils Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Refrigerant Oils Market Overview
2.1 Global Market Overview
2.1.1 Global Refrigerant Oils Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global Refrigerant Oils Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Refrigerant Oils Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Refrigerant Oils Product Life Cycle
3.3 Global Refrigerant Oils Sales by Manufacturers (2020-2025)
3.4 Global Refrigerant Oils Revenue Market Share by Manufacturers (2020-2025)
3.5 Refrigerant Oils Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global Refrigerant Oils Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 Refrigerant Oils Market Competitive Situation and Trends
3.8.1 Refrigerant Oils Market Concentration Rate
3.8.2 Global 5 and 10 Largest Refrigerant Oils Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Refrigerant Oils Industry Chain Analysis
4.1 Refrigerant Oils Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Refrigerant Oils Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Refrigerant Oils Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to Refrigerant Oils Market
5.7 ESG Ratings of Leading Companies
6 Refrigerant Oils Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Refrigerant Oils Sales Market Share by Type (2020-2025)
6.3 Global Refrigerant Oils Market Size Market Share by Type (2020-2025)
6.4 Global Refrigerant Oils Price by Type (2020-2025)
7 Refrigerant Oils Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Refrigerant Oils Market Sales by Application (2020-2025)
7.3 Global Refrigerant Oils Market Size (M USD) by Application (2020-2025)
7.4 Global Refrigerant Oils Sales Growth Rate by Application (2020-2025)
8 Refrigerant Oils Market Sales by Region
8.1 Global Refrigerant Oils Sales by Region
8.1.1 Global Refrigerant Oils Sales by Region
8.1.2 Global Refrigerant Oils Sales Market Share by Region
8.2 Global Refrigerant Oils Market Size by Region
8.2.1 Global Refrigerant Oils Market Size by Region
8.2.2 Global Refrigerant Oils Market Size Market Share by Region
8.3 North America
8.3.1 North America Refrigerant Oils Sales by Country
8.3.2 North America Refrigerant Oils Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Refrigerant Oils Sales by Country
8.4.2 Europe Refrigerant Oils Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Refrigerant Oils Sales by Region
8.5.2 Asia Pacific Refrigerant Oils Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Refrigerant Oils Sales by Country
8.6.2 South America Refrigerant Oils Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa Refrigerant Oils Sales by Region
8.7.2 Middle East and Africa Refrigerant Oils Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Refrigerant Oils Market Production by Region
9.1 Global Production of Refrigerant Oils by Region(2020-2025)
9.2 Global Refrigerant Oils Revenue Market Share by Region (2020-2025)
9.3 Global Refrigerant Oils Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America Refrigerant Oils Production
9.4.1 North America Refrigerant Oils Production Growth Rate (2020-2025)
9.4.2 North America Refrigerant Oils Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe Refrigerant Oils Production
9.5.1 Europe Refrigerant Oils Production Growth Rate (2020-2025)
9.5.2 Europe Refrigerant Oils Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan Refrigerant Oils Production (2020-2025)
9.6.1 Japan Refrigerant Oils Production Growth Rate (2020-2025)
9.6.2 Japan Refrigerant Oils Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China Refrigerant Oils Production (2020-2025)
9.7.1 China Refrigerant Oils Production Growth Rate (2020-2025)
9.7.2 China Refrigerant Oils Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 The Lubrizol Corporation
10.1.1 The Lubrizol Corporation Basic Information
10.1.2 The Lubrizol Corporation Refrigerant Oils Product Overview
10.1.3 The Lubrizol Corporation Refrigerant Oils Product Market Performance
10.1.4 The Lubrizol Corporation Business Overview
10.1.5 The Lubrizol Corporation SWOT Analysis
10.1.6 The Lubrizol Corporation Recent Developments
10.2 The Dow Chemical
10.2.1 The Dow Chemical Basic Information
10.2.2 The Dow Chemical Refrigerant Oils Product Overview
10.2.3 The Dow Chemical Refrigerant Oils Product Market Performance
10.2.4 The Dow Chemical Business Overview
10.2.5 The Dow Chemical SWOT Analysis
10.2.6 The Dow Chemical Recent Developments
10.3 BASF SE
10.3.1 BASF SE Basic Information
10.3.2 BASF SE Refrigerant Oils Product Overview
10.3.3 BASF SE Refrigerant Oils Product Market Performance
10.3.4 BASF SE Business Overview
10.3.5 BASF SE SWOT Analysis
10.3.6 BASF SE Recent Developments
10.4 Royal Dutch Shell Plc
10.4.1 Royal Dutch Shell Plc Basic Information
10.4.2 Royal Dutch Shell Plc Refrigerant Oils Product Overview
10.4.3 Royal Dutch Shell Plc Refrigerant Oils Product Market Performance
10.4.4 Royal Dutch Shell Plc Business Overview
10.4.5 Royal Dutch Shell Plc Recent Developments
10.5 Fuchs Lubricants
10.5.1 Fuchs Lubricants Basic Information
10.5.2 Fuchs Lubricants Refrigerant Oils Product Overview
10.5.3 Fuchs Lubricants Refrigerant Oils Product Market Performance
10.5.4 Fuchs Lubricants Business Overview
10.5.5 Fuchs Lubricants Recent Developments
10.6 Chevron Corporation
10.6.1 Chevron Corporation Basic Information
10.6.2 Chevron Corporation Refrigerant Oils Product Overview
10.6.3 Chevron Corporation Refrigerant Oils Product Market Performance
10.6.4 Chevron Corporation Business Overview
10.6.5 Chevron Corporation Recent Developments
10.7 Idemitsu Kosan
10.7.1 Idemitsu Kosan Basic Information
10.7.2 Idemitsu Kosan Refrigerant Oils Product Overview
10.7.3 Idemitsu Kosan Refrigerant Oils Product Market Performance
10.7.4 Idemitsu Kosan Business Overview
10.7.5 Idemitsu Kosan Recent Developments
10.8 Summit Industrial Products
10.8.1 Summit Industrial Products Basic Information
10.8.2 Summit Industrial Products Refrigerant Oils Product Overview
10.8.3 Summit Industrial Products Refrigerant Oils Product Market Performance
10.8.4 Summit Industrial Products Business Overview
10.8.5 Summit Industrial Products Recent Developments
10.9 Lanxess
10.9.1 Lanxess Basic Information
10.9.2 Lanxess Refrigerant Oils Product Overview
10.9.3 Lanxess Refrigerant Oils Product Market Performance
10.9.4 Lanxess Business Overview
10.9.5 Lanxess Recent Developments
10.10 Exxon Mobil Corporation
10.10.1 Exxon Mobil Corporation Basic Information
10.10.2 Exxon Mobil Corporation Refrigerant Oils Product Overview
10.10.3 Exxon Mobil Corporation Refrigerant Oils Product Market Performance
10.10.4 Exxon Mobil Corporation Business Overview
10.10.5 Exxon Mobil Corporation Recent Developments
10.11 CITGO Petroleum Corporation
10.11.1 CITGO Petroleum Corporation Basic Information
10.11.2 CITGO Petroleum Corporation Refrigerant Oils Product Overview
10.11.3 CITGO Petroleum Corporation Refrigerant Oils Product Market Performance
10.11.4 CITGO Petroleum Corporation Business Overview
10.11.5 CITGO Petroleum Corporation Recent Developments
10.12 SonnebornLLC
10.12.1 SonnebornLLC Basic Information
10.12.2 SonnebornLLC Refrigerant Oils Product Overview
10.12.3 SonnebornLLC Refrigerant Oils Product Market Performance
10.12.4 SonnebornLLC Business Overview
10.12.5 SonnebornLLC Recent Developments
10.13 BVAInc
10.13.1 BVAInc Basic Information
10.13.2 BVAInc Refrigerant Oils Product Overview
10.13.3 BVAInc Refrigerant Oils Product Market Performance
10.13.4 BVAInc Business Overview
10.13.5 BVAInc Recent Developments
10.14 JX Holdings
10.14.1 JX Holdings Basic Information
10.14.2 JX Holdings Refrigerant Oils Product Overview
10.14.3 JX Holdings Refrigerant Oils Product Market Performance
10.14.4 JX Holdings Business Overview
10.14.5 JX Holdings Recent Developments
11 Refrigerant Oils Market Forecast by Region
11.1 Global Refrigerant Oils Market Size Forecast
11.2 Global Refrigerant Oils Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Refrigerant Oils Market Size Forecast by Country
11.2.3 Asia Pacific Refrigerant Oils Market Size Forecast by Region
11.2.4 South America Refrigerant Oils Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Refrigerant Oils by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global Refrigerant Oils Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of Refrigerant Oils by Type (2026-2033)
12.1.2 Global Refrigerant Oils Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of Refrigerant Oils by Type (2026-2033)
12.2 Global Refrigerant Oils Market Forecast by Application (2026-2033)
12.2.1 Global Refrigerant Oils Sales (K MT) Forecast by Application
12.2.2 Global Refrigerant Oils Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings
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