Global Refrigeration Oil Market 2018-2022 by Oil Type (Mineral Oil, Synthetic Oil) and Application (Refrigerator & Freezer, Air Conditioner, Automotive AC System, and Aftermarket) – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "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" report has been added to ResearchAndMarkets.com's
offering.

The refrigeration oil market is estimated to be USD 1,005.2 Million in
2017 and is projected reach USD 1,243.6 Million by 2022, at a CAGR of
4.3% between 2017 and 2022. The growth of the market is driven by the
increasing demand for consumer appliances, growing demand from the food
and pharmaceutical industries, and rising demand for low GWP
refrigerants.

On the basis of oil type, the market has been segmented into mineral oil
and synthetic oil. The synthetic oil segment is further subsegmented
into polyolester (POE), polyalkylene glycol (PAG), and others
(polyalphaolefin (PAO), alkyl benzene (AB), polyvinylether (PVE), and
blends). The synthetic oil segment is estimated to dominate the
refrigeration oil market in 2017 in terms of value and volume. This
dominance can be attributed to its high performance in extreme
conditions, better viscosity index, higher shear stability, and improved
chemical resistance in comparison to mineral oil. In addition, synthetic
oil lasts longer and is compatible with low GWP and modern refrigerants
such as NH3, HFO, and CO2.

On the basis of application, the refrigeration oil market has been
segmented into refrigerators & freezers, air conditioners, automotive AC
systems, and the aftermarket. The refrigerator & freezer application
segment is estimated to dominate the refrigeration oil market in 2017
and is projected to register the highest CAGR in terms of both, value
and volume during the forecast period. This growth can be attributed to
the growing demand for packaged food products and growth in the trade of
food products.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Refrigeration Oil Market, by Oil Type

7 Refrigeration Oil Market, by Application

8 Refrigeration Oil Market, by Region

9 Competitive Landscape

10 Company Profiles

• BASF SE
• BP P.L.C.
• BVA, Inc.
• Behr Hella Service Gmbh
• CAMCO Lubricants
• CITGO Petroleum Corporation
• Calumet Specialty Products Partners, L.P.
• Chevron Corporation
• China Petrochemical Corporation (Sinopec Group)
• Cosmo Oil Lubricants Co., Ltd.
• Ente Nazionale Idrocarburi (ENI)
• Exxonmobil Corporation
• FUCHS Petrolub Se
• Idemitsu Kosan Co., Ltd.
• Indian Oil Corporation Ltd.
• Isel
• Johnson Controls
• Jxtg Group
• Lubriplate Lubricants Company
• Lukoil
• National Refrigerants, Inc.
• Petro-Canada Lubricants Inc.
• Petroliam Nasional Berhad (PETRONAS)
• Phillips 66 Lubricants
• Royal Dutch Shell Plc
• Summit Oil Company, Inc. (Klber Lubrication Na Lp)
• Sun Company, Inc.
• The Lubrizol Corporation
• Total S.A.

For more information about this report visit https://www.researchandmarkets.com/research/57mwcm/global?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Oil