Global Refrigeration Oil Market Growth 2025-2031
Description
The global Refrigeration Oil market size is predicted to grow from US$ 1203 million in 2025 to US$ 1584 million in 2031; it is expected to grow at a CAGR of 4.7% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Refrigeration oil is a specialized lubricant designed to circulate with the refrigerant in vapor‑compression systems, where it lubricates moving parts, provides wear protection, seals internal clearances, and carries away heat from the compressor. It can be based on mineral oils or synthetic esters such as polyolesters (POE), which offer excellent miscibility with modern refrigerants (e.g., R‑134a, R‑410A) and ensure reliable oil return throughout the system. By forming a stable lubricating film on bearings, pistons, and valves, refrigeration oil extends compressor life, prevents refrigerant leakage, and maintains energy‑efficient operation across varying temperature and load conditions.
APAC is estimated to be the largest refrigeration oil market in 2025 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.
LP Information, Inc. (LPI) ' newest research report, the “Refrigeration Oil Industry Forecast” looks at past sales and reviews total world Refrigeration Oil sales in 2024, providing a comprehensive analysis by region and market sector of projected Refrigeration Oil sales for 2025 through 2031. With Refrigeration Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Refrigeration Oil industry.
This Insight Report provides a comprehensive analysis of the global Refrigeration Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Refrigeration Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Refrigeration Oil market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Refrigeration Oil and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Refrigeration Oil.
This report presents a comprehensive overview, market shares, and growth opportunities of Refrigeration Oil market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Mineral Oil
Synthetic Oil
Segmentation by Application:
Refrigerator & Freezer
Air Conditioner
Automotive AC System
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ENEOS
Idemitsu Kosan
ExxonMobil
Shell
TotalEnergies
Sinopec
Petronas
Fuchs Group
Lubrizol
BP
Chevron
Phillips 66
Petro-Canada Lubricants
Indian Oil
Eni
Cosmo Oil
BVA Oils
CAMCO Lubricants
Klüber Lubrication
Lukoil
Key Questions Addressed in this Report
What is the 10-year outlook for the global Refrigeration Oil market?
What factors are driving Refrigeration Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Refrigeration Oil market opportunities vary by end market size?
How does Refrigeration Oil break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Refrigeration oil is a specialized lubricant designed to circulate with the refrigerant in vapor‑compression systems, where it lubricates moving parts, provides wear protection, seals internal clearances, and carries away heat from the compressor. It can be based on mineral oils or synthetic esters such as polyolesters (POE), which offer excellent miscibility with modern refrigerants (e.g., R‑134a, R‑410A) and ensure reliable oil return throughout the system. By forming a stable lubricating film on bearings, pistons, and valves, refrigeration oil extends compressor life, prevents refrigerant leakage, and maintains energy‑efficient operation across varying temperature and load conditions.
APAC is estimated to be the largest refrigeration oil market in 2025 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.
LP Information, Inc. (LPI) ' newest research report, the “Refrigeration Oil Industry Forecast” looks at past sales and reviews total world Refrigeration Oil sales in 2024, providing a comprehensive analysis by region and market sector of projected Refrigeration Oil sales for 2025 through 2031. With Refrigeration Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Refrigeration Oil industry.
This Insight Report provides a comprehensive analysis of the global Refrigeration Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Refrigeration Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Refrigeration Oil market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Refrigeration Oil and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Refrigeration Oil.
This report presents a comprehensive overview, market shares, and growth opportunities of Refrigeration Oil market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Mineral Oil
Synthetic Oil
Segmentation by Application:
Refrigerator & Freezer
Air Conditioner
Automotive AC System
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ENEOS
Idemitsu Kosan
ExxonMobil
Shell
TotalEnergies
Sinopec
Petronas
Fuchs Group
Lubrizol
BP
Chevron
Phillips 66
Petro-Canada Lubricants
Indian Oil
Eni
Cosmo Oil
BVA Oils
CAMCO Lubricants
Klüber Lubrication
Lukoil
Key Questions Addressed in this Report
What is the 10-year outlook for the global Refrigeration Oil market?
What factors are driving Refrigeration Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Refrigeration Oil market opportunities vary by end market size?
How does Refrigeration Oil break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
135 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Refrigeration Oil by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Refrigeration Oil by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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