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Refrigeration Oil Market by Oil Type (Mineral Oil, Synthetic Oil (Polyolester, Polyalkylene Glycol)), Application (Refrigerator & Freezer, Air Conditioner, Automotive AC System, and Aftermarket), and Region - Global Forecast to 2022

Refrigeration Oil Market by Oil Type (Mineral Oil, Synthetic Oil (Polyolester, Polyalkylene Glycol)), Application (Refrigerator & Freezer, Air Conditioner, Automotive AC System, and Aftermarket), and Region - Global Forecast to 2022

“Increasing demand for freezers and refrigerators expected to drive the refrigeration oil market.”
The refrigeration oil market is estimated to be USD 1,005.2 million in 2017 and is projected to reach USD 1,243.6 million by 2022, at a CAGR of 4.3% between 2017 and 2022. The refrigeration oil market is largely driven by the rising demand for consumer appliances and automobiles. Refrigeration oil is used for lubrication in compressors and reduces friction of metal parts thereby reducing the wear and tear of compressors in consumer appliances and automotive AC systems. The growing demand for refrigeration oil from the food and pharmaceutical industries along with the rising demand for low GWP refrigerants are other factors expected to drive the refrigeration oil market. However, the stringent regulations to limit the use of fluorocarbon refrigerants is one of the major restraints for the growth of the market.

“The POE oil type segment is expected to be the fastest-growing segment of the refrigeration oil market, in terms of value, from 2017 to 2022.”
The POE oil type segment is expected to witness the highest growth, in terms of value, from 2017 to 2022. POE oil has high thermal stability and excellent wear performance; its usage in all applications is one of the key factors expected to drive the growth of this oil type in the coming years.

“The refrigerator & freezer application segment is expected to be the fastest-growing segment of the refrigeration oil market, in terms of value, from 2017 and 2022.”
The refrigerator & freezer segment is estimated to be the fastest-growing application segment between 2017 and 2022, in terms of both, value and volume. The growth of the segment can be attributed to the increasing demand and manufacture of refrigerators and freezers in APAC. The region accounts for more than two-thirds of the global demand for refrigerators and freezers. This is majorly due to the increasing urbanization and rapid industrialization in the region.

“APAC is expected to be the fastest-growing market during the forecast period, in terms of value and volume.”
The growing demand for consumer appliances and automobiles is expected to fuel the growth of the refrigeration oil market in the Asia Pacific region. In addition, the rising population and increasing disposable income in countries such as China and India are further fueling the growth of the consumer appliances and automotive industries in APAC, thereby driving the refrigeration oil market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, primary interviews were conducted as follows:
• By Company Type: Tier 1 (75%), Tier 2 (20%), and Tier 3 (5%)
• By Designation: C-Level (28%), Director Level (52%), and Others (20%)
• By Region: Europe (50%), APAC (25%), Middle East & Africa (12%) North America (7%), and South America (6%).

Key players profiled in the report include JXTG Group (Japan), BASF (Germany), Idemitsu Kosan Co. (Japan), Royal Dutch Shell (Netherlands), ExxonMobil (US), BP (UK), PETRONAS (Malaysia), Chevron (US), Total (France), Sinopec Group (China), FUCHS (Germany), Johnson Controls (Ireland), Lubrizol (CPI Fluid Engineering Services) (US), Behr Hella Service GmbH (Germany), BVA, Inc. (US), Calumet Specialty Products Partners, L.P. (US), CAMCO Lubricants (US), CITGO Petroleum Corporation (US), Cosmo Oil Lubricants Co., Ltd. (Japan), Eni (Italy), Indian Oil Corporation (India), Isel (US), National Refrigerants, Inc. (US), Summit Oil Company (US), Lubriplate Lubricants Company (US), Lukoil (Russia), Petro-Canada Lubricants, Inc. (Canada), Phillips 66 Lubricants (US), and Sun Company, Inc. (US).

Research Coverage
This report segments the market for refrigeration oil on the basis of oil type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, agreements, partnerships, and recent developments associated with the market for refrigeration oil.

Reasons to Buy This Report
This research report is focused on various levels of analyses—industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the overall view on the competitive landscape; emerging and high-growth segments of the refrigeration oil market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on refrigeration oil offered by top players in the global refrigeration oil market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the refrigeration oil market.

• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for refrigeration oil across regions.

• Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the global refrigeration oil market.

• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the refrigeration oil market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • SIGNIFICANT OPPORTUNITIES IN THE REFRIGERATION OIL MARKET
    • REFRIGERATION OIL MARKET, BY REGION
    • APAC REFRIGERATION OIL MARKET, BY APPLICATION AND COUNTRY
    • REFRIGERATION OIL MARKET ATTRACTIVENESS
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
        • Table MOST COMMON REFRIGERANTS AND THEIR COMPATIBILITY
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • MACROECONOMIC INDICATORS
      • GDP OF MAJOR COUNTRIES
        • Table GDP OF MAJOR COUNTRIES, 2011-2016 (USD BILLION)
      • AUTOMOTIVE INDUSTRY ANALYSIS
        • Table VEHICLE PRODUCTION IN NUMBER OF UNITS, BY REGION, 2016
  • REFRIGERATION OIL MARKET, BY OIL TYPE
    • INTRODUCTION
      • Table REFRIGERATION OIL MARKET SIZE, BY OIL TYPE, 2015-2022 (KILOTON)
      • Table REFRIGERATION OIL MARKET SIZE, BY OIL TYPE, 2015-2022 (USD MILLION)
    • SYNTHETIC OIL
      • Table SYNTHETIC OIL MARKET SIZE, BY TYPE, 2015-2022 (KILOTON)
      • Table SYNTHETIC OIL MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • POE
      • PAG
      • OTHERS
    • MINERAL OIL
  • REFRIGERATION OIL MARKET, BY APPLICATION
    • INTRODUCTION
      • Table REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • REFRIGERATOR & FREEZER
      • Table REFRIGERATION OIL MARKET SIZE IN REFRIGERATOR & FREEZER, BY REGION, 2015-2022 (KILOTON)
      • Table REFRIGERATION OIL MARKET SIZE IN REFRIGERATOR & FREEZER, BY REGION, 2015-2022 (USD MILLION)
    • AIR CONDITIONER
      • Table REFRIGERATION OIL MARKET SIZE IN AIR CONDITIONER, BY REGION, 2015-2022 (KILOTON)
      • Table REFRIGERATION OIL MARKET SIZE IN AIR CONDITIONER, BY REGION, 2015-2022 (USD MILLION)
    • AUTOMOTIVE AC SYSTEM
      • Table REFRIGERATION OIL MARKET SIZE IN AUTOMOTIVE AC SYSTEM, BY REGION, 2015-2022 (KILOTON)
      • Table REFRIGERATION OIL MARKET SIZE IN AUTOMOTIVE AC SYSTEM, BY REGION, 2015-2022 (USD MILLION)
    • AFTERMARKET
      • Table REFRIGERATION OIL MARKET SIZE IN AFTERMARKET, BY REGION, 2015-2022 (KILOTON)
      • Table REFRIGERATION OIL MARKET SIZE IN AFTERMARKET, BY REGION, 2015-2022 (USD MILLION)
  • REFRIGERATION OIL MARKET, BY REGION
    • INTRODUCTION
      • Table REFRIGERATION OIL MARKET SIZE, BY REGION, 2015-2022 (KILOTON)
      • Table REFRIGERATION OIL MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • APAC
      • Table APAC: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table APAC: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table APAC: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table APAC: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • CHINA
        • Table CHINA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table CHINA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • JAPAN
        • Table JAPAN: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table JAPAN: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • INDIA
        • Table INDIA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table INDIA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table SOUTH KOREA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • THAILAND
        • Table THAILAND: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table THAILAND: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • INDONESIA
        • Table INDONESIA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table INDONESIA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • VIETNAM
        • Table VIETNAM: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table VIETNAM: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • TAIWAN
        • Table TAIWAN: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table TAIWAN: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF APAC
        • Table REST OF APAC: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table REST OF APAC: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table NORTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table NORTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • US
        • Table US: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table US: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • MEXICO
        • Table MEXICO: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table MEXICO: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • CANADA
        • Table CANADA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table CANADA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table EUROPE: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table EUROPE: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table EUROPE: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • ITALY
        • Table ITALY: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table ITALY: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • GERMANY
        • Table GERMANY: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table GERMANY: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table RUSSIA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • FRANCE
        • Table FRANCE: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table FRANCE: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • UK
        • Table UK: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table UK: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table REST OF EUROPE: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table MIDDLE EAST & AFRICA: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table MIDDLE EAST & AFRICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • TURKEY
        • Table TURKEY: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table TURKEY: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • IRAN
        • Table IRAN: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table IRAN: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table SOUTH AFRICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF THE MIDDLE EAST & AFRICA
        • Table REST OF THE MIDDLE EAST & AFRICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table REST OF THE MIDDLE EAST & AFRICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table SOUTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table SOUTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table SOUTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table BRAZIL: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table ARGENTINA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table REST OF SOUTH AMERICA: REFRIGERATION OIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING OF KEY PLAYERS
    • COMPETITIVE SCENARIO
      • EXPANSION
        • Table EXPANSION, 2013-2017
      • AGREEMENT
        • Table AGREEMENT, 2013-2017
      • JOINT VENTURE
        • Table JOINT VENTURE, 2013-2017
      • NEW PRODUCT LAUNCH
        • Table NEW PRODUCT LAUNCH, 2013-2017
      • PARTNERSHIP
        • Table PARTNERSHIP, 2013-2017
  • COMPANY PROFILES
    • JXTG GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BASF SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • IDEMITSU KOSAN CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • EXXONMOBIL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ROYAL DUTCH SHELL PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TOTAL S.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • CHINA PETROCHEMICAL CORPORATION (SINOPEC GROUP)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • PETROLIAM NASIONAL BERHAD (PETRONAS)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • FUCHS PETROLUB SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • JOHNSON CONTROLS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • THE LUBRIZOL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • BP P.L.C.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • CHEVRON CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • OTHER KEY MARKET PLAYERS
      • BEHR HELLA SERVICE GMBH
      • BVA, INC.
      • CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
      • CAMCO LUBRICANTS
      • CITGO PETROLEUM CORPORATION
      • COSMO OIL LUBRICANTS CO., LTD.
      • ENTE NAZIONALE IDROCARBURI (ENI)
      • INDIAN OIL CORPORATION LTD.
      • ISEL
      • NATIONAL REFRIGERANTS, INC.
      • SUMMIT OIL COMPANY, INC. (KLÜBER LUBRICATION NA LP)
      • LUBRIPLATE LUBRICANTS COMPANY
      • LUKOIL
      • PETRO-CANADA LUBRICANTS INC.
      • PHILLIPS 66 LUBRICANTS
      • SUN COMPANY, INC.
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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