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Refrigerant Oil Market - Forecast (2020 - 2025)

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  • 102 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 3339402
The global refrigerant oil market generated a revenue of $10,113.31 million in 2017 and is expected to rise at a CAGR of 5.7% during 2018-2023. Among the various end users such as automobiles, industrial, commercial and household, automobiles sector generated a revenue of $2226.7 million and is expected to grow at a CAGR of 5.1%. The global refrigerant oil market is set to experience substantial growth due to the increased demand for refrigerant oils in air conditioners and refrigerators. APAC region dominates the refrigerant oil market due to the presence of numerous refrigerant oil providers as well as end users.

What is Refrigerant Oil?

Refrigerant oil is used to lubricate the compressor that produces cold air. The use of oil reduces friction on metal parts, reducing wear on the compressor and extends the life of the system. Refrigerant oil is specially designed for high-temperature to use in cooling systems, so it is important to use the recommended lubricant for the equipment. For the compressor to operate efficiently and to reduce the wear and tear on the components, cooling and lubrication of the hot metal is necessary. The lubricants used in refrigeration systems are either synthetic or mineral oil. The exact formulation of oil for a specific compressor depends on the size and power requirements of the compressor.

Refrigerant Oil Market

Market Research and Market Trends of Refrigerant Oil:

The use of environmentally-friendly refrigerant oil, such as highly-refined mineral oil, as an alternative to fossil-fuel oils is being extensively studied. The compressor manufacturers are focusing on deriving refined mineral oil at a lower production cost. The goal of these compressors is to protect the environment by reducing waste oil from heavy fossil fuels.

When a lubricant is added to a refrigerant, either an enhancement or degradation in heat transfer performance is achieved based on the lubricant’s viscosity, miscibility and concentration. In the recent years, more attention has been given to lubricant and additive chemistries that can enhance heat-transfer and compressor efficiency. Several companies around the world are incorporating different nanoparticles into the refrigerant oil to improve the heat transfer properties.

The current trend involves the use of refrigerant additives that contain an activated polar molecule that have a strong affinity for metal. Such additives will form a thin layer on the metal surfaces in the compressor. This layer will lubricate the moving parts in the compressor which in turn improves the heat transfer and increases the efficiency of the system.

Who are the Major Players in Refrigerant Oil Market?

The companies referred in the market research report are The Lubrizol Corporation, BASF SE, The Dow Chemical Co, Idemitsu Kosan Co Ltd and 10 other companies

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Table of Contents

1. Refrigerant Oil Market - Overview
1.1. Definitions and Scope
2. Refrigerant Oil Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Refrigerant Oil Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 8 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 8 companies
3.1.4. Patent Analysis - Top 8 companies
3.1.5. Pricing Analysis
4. Refrigerant Oil Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Refrigerant Oil Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Refrigerant Oil Market – By Type of Oils (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Polyolester oil (POE)
6.3.2. Polyalkylene glycol (PAG)
6.3.3. Polyalphaolefin (PAO)
6.3.4. Polyvinyl Ether Oil (PVE)
6.3.5. Mineral Oil
6.3.4. Alkyl Benzene Oil
6.3.5. Others
7. Refrigerant Oil Market – By Refrigerant Type (Market Size -$Million / $Billion)
7.1. Chlorofluorocarbon (CFC)
7.2. Hydro-chlorofluorocarbon (HCFC)
7.3. Hydrofluoro Carbon (HFC)
7.4. Ammonia
7.5. HFO
7.6. Butane and Iso Butane
7.7. Propane
7.8. Others
8. Refrigerant Oil Market – By Applications (Market Size -$Million / $Billion)
8.1. Coolers
8.2. Air conditioners
8.3. Chillers
8.4. Condensers
8.5. Refrigerators
8.4. Others
9. Refrigerant Oil – By End Use Industry(Market Size -$Million / $Billion)
9.1. Segment type Size and Market Share Analysis
9.2. Application Revenue and Trends by type of Application
9.3. Application Segment Analysis by Type
9.3.1. Automobiles
9.3.2. Households
9.3.3. Commercial
9.3.4. Industrial
10. Refrigerant Oil - By Geography (Market Size -$Million / $Billion)
10.1. Refrigerant Oil Market - North America Segment Research
10.2. North America Market Research (Million / $Billion)
10.2.1. Segment type Size and Market Size Analysis
10.2.2. Revenue and Trends
10.2.3. Application Revenue and Trends by type of Application
10.2.4. Company Revenue and Product Analysis
10.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
10.3. Refrigerant Oil - South America Segment Research
10.4. South America Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
10.5. Refrigerant Oil - Europe Segment Research
10.4. Europe Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
10.5. Refrigerant Oil – APAC Segment Research
10.6. APAC Market Research (Market Size -$Million / $Billion)
10.6.1. Segment type Size and Market Size Analysis
10.6.2. Revenue and Trends
10.6.3. Application Revenue and Trends by type of Application
10.6.4. Company Revenue and Product Analysis
10.6.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
11. Refrigerant Oil Market - Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships
12. Refrigerant Oil Market Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. The Lubrizol Corporation
12.3. BASF SE
12.4. The Dow Chemical Co
12.5. Idemitsu Kosan Co
13. Refrigerant Oil Market -Appendix
13.1. Abbreviations
13.2. Sources