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Refrigeration Oil - Global Market Trajectory & Analytics

  • ID: 4805383
  • Report
  • April 2021
  • Region: Global
  • 275 pages
  • Global Industry Analysts, Inc
Global Refrigeration Oil Market to Reach $1.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Refrigeration Oil estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027. Mineral Oil, one of the segments analyzed in the report, is projected to record 2.8% CAGR and reach US$454.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic Oil segment is readjusted to a revised 2.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $285.1 Million, While China is Forecast to Grow at 5.3% CAGR

The Refrigeration Oil market in the U.S. is estimated at US$285.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$259.5 Million by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.

Select Competitors (Total 38 Featured):
  • BASF SE
  • Behr Hella Service GmbH
  • BP PLC
  • Bva, Inc.
  • Calumet Specialty Products Partners LP
  • Camco Lubricants
  • Chevron Corporation
  • China Petrochemical Corporation (Sinopec Group)
  • CITGO Petroleum Corporation
  • Cosmo Oil Lubricants Co., Ltd.
  • ExxonMobil Corporation
  • Fuchs Petrolub SE
  • Indian Oil Corporation Ltd.
  • Isel Germany AG
  • Lubriplate Lubricants Company
  • LUKOIL Lubricants Company
  • National Refrigerants, Inc.
  • Petro-Canada Lubricants, Inc.
  • Petroliam Nasional Berhad (PETRONAS)
  • Phillips 66 Lubricants
  • Royal Dutch Shell PLC
  • Sun Company
  • The Lubrizol Corporation
  • Total SA
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I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude into Refrigeration Oil Market
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Leading Players in the Market
3. MARKET TRENDS & DRIVERS
  • Increasing Demand for Air Conditioners and Refrigerators to Bode Well for Refrigeration Oil Market
  • Exhibit 1: Refrigeration Oil Market: Percentage Breakdown of Market Share by Application Type (2018)
  • APAC Region Registered a Dominant Share in the Refrigerator Oil Market
  • Exhibit 2: Refrigeration Oil Market: Percentage Breakdown of Market Share by Region (2018)
  • Expanding Applications in Myriad End-Use Industries to Spur Growth
  • Increase in Demand for Low GWP Refrigerants to Drive Market Growth
  • Growing Demand from Food and Pharmaceutical Industries Bodes Well for Market Expansion
  • Launch of Natural Refrigerants for Application in Industrial Segment to Drive Refrigerant Oil Market Growth
  • Synthetic Oil Segment Type to Register Higher Market Share during the Analysis Period
  • Market Restraints
  • Stringent Regulation to Restrict Market Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 38
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