Refrigeration Oil Market Global Forecast to 2022

The refrigeration oil market was valued at 959.6 USD Million in 2016 and is projected to reach USD 1,243.6 Million by 2022, at a CAGR of 4.3% between 2017 and 2022. The base year considered for this study is 2016 while the forecast period considered is 2017-2022. The objectives of the study include:

• To analyze and forecast the size of the refrigeration oil market in terms value and volume
• To define, describe, and segment the refrigeration oil market on the basis of oil type and application type
• To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa
• To provide detailed information regarding the key factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the market
• To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
• To identify and analyze opportunities for stakeholders in the market
• To analyze competitive developments, such as expansions, partnerships, agreements, joint ventures, and new product developments in the refrigeration oil market
• To strategically profile key players and comprehensively analyze their core competencies

Research Methodology

In this report, market sizes have been derived using both, the bottom-up and top-down approaches. First, the market size for oil types (synthetic oil and mineral oil), applications (refrigerator & freezer, air conditioner, automotive AC system), and regions (APAC, North America, South America, Europe, and the Middle East & Africa) were identified through secondary and primary research. The overall refrigeration oil market size for various regions and countries was then calculated by adding these individual market sizes.

Secondary sources used in this study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and so on. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Major companies operating in the refrigeration oil market 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).

Target Audience

• Refrigeration oil manufacturers, dealers, and suppliers
• Government bodies
• Raw material suppliers
• Industry associations
• Consulting companies/consultants in the chemical and material sectors
• Distributors

This study answers several questions for stakeholders, primarily which market segments they need to focus on during the next two to five years to prioritize their efforts and investments.

Scope of the Report This report categorizes the global refrigeration oil market based on oil type, application, and region. Refrigeration Oil Market, By Oil Type:

• Mineral Oil
• Synthetic Oil
  • POE
  • PAG
  • Others
  • PVE
  • PAO
  • Blends

Refrigeration Oil Market, By Application

• Refrigerator & Freezer
• Air Conditioner
• Automotive AC System
• Aftermarket

Refrigeration Oil Market, By Region:

• APAC
• North America
• Europe
• Middle East & Arica
• South Africa

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

• Further breakdown of a region with respect to a particular country or additional application

Company Information

• Detailed analysis and profiles of additional market players (up to five)

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