Global Refrigeration Oil Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application

Refrigeration oil is the one that easily mixes with refrigerant and flows throughout the system while the refrigeration cycle is on. It doesn’t freeze at lowest operating temperatures maintained in the specific system. It’s freezing temperature is always 5 times lower than that of the system temperature at which it’s operating. It’s compatible with refrigerant properties. It’s flash point should be high. it’s non flammable and its viscosity should be in such a way that it enables in lubrication of all the mechanical components within the compressor.
APAC is estimated to be the largest refrigeration oil market in 2018 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.

Market Analysis and Insights: Global Refrigeration Oil Market
The global Refrigeration Oil market size is projected to reach US$ 1109.3 million by 2026, from US$ 947.4 million in 2020, at a CAGR of 2.7% during 2021-2026.
Global Refrigeration Oil Scope and Segment
The global Refrigeration Oil market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Refrigeration Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.

Segment by Type, the Refrigeration Oil market is segmented into
Mineral Oil
Synthetic Oil

Segment by Application, the Refrigeration Oil market is segmented into
Refrigerator & Freezer
Air Conditioner
Automotive AC System
Others

Refrigeration Oil market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Refrigeration Oil business, the date to enter into the Refrigeration Oil market, Refrigeration Oil product introduction, recent developments, etc.
The major vendors covered:
Jxtg Group
BASF
Idemitsu Kosan
Exxonmobil
Royal Dutch Shell
Total
Sinopec
Petroliam Nasional Berhad
FUCHS Petrolub
Phillips 66
Lubrizol
BP
Chevron

Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Refrigeration Oil markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Refrigeration Oil market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.