FEATURED COMPANIES
- Basf Se
- Camco Lubricants
- Exxonmobil Corporation
- Isel Inc.
- Lukoil
- Royal Dutch Shell plc
The refrigeration oil market is estimated to grow from USD 1.1 billion in 2021 to USD 1.4 billion by 2026, at a CAGR of 4.1%. The refrigeration oil market is driven mainly by growing demand for frozen and chilled food and pharmaceuticals. However, strict government regulations is expected to restrain the market growth.
In the food industry, refrigeration systems are used to store and preserve food items. Increasing working population, changing lifestyle, increase in disposable income drive the growth of frozen and packaged food items. Moreover, the growth in the organized retail sector, shift toward horticultural crops, and growth in the processed food sector are also contributing to the high demand for refrigeration systems, thereby increasing the demand for refrigeration oil from the food industry.
Refrigerators & Freezers are expected to be the fastest-growing application of the refrigeration oil market, in terms of value, between 2021 and 2026
Refrigerators & freezers applications hold the highest share in the overall market in terms of volume and value for the forecast period. This is mainly due to Increasing urbanization, higher disposable income, changing the lifestyle of the people in developing and developed countries, and higher consumer awareness about the use of household appliances are driving the demand for various consumer appliances. Also the demand for new and advanced electronics with better or multiple features is driving the market in this application.
High economic growth in APAC to drive the demand for refrigeration oil in the region.
APAC is the largest market for refrigeration oil, and it is mainly attributed to the high economic growth rate, followed by heavy investment across industries such as oil & gas, automotive, infrastructure, chemical, and steel & military among others. With economic contraction and saturation in the European and North American markets, the demand is shifting to the APAC region.
Refrigeration oil manufacturers are targeting this region as it is the strongest regional market for various applications, such as electronics, food, pharmaceuticals and automotive among others. The advantage of shifting production to the Asian region is that the cost of production is low here. Also, it is easier to serve the local emerging market.
- By Company Type: Tier 1 - 46%, Tier 2 - 31%, and Tier 3 - 23%
- By Designation: C-Level - 46%, Director Level - 27%, and Others - 27%
- By Region: North America - 33%, Europe - 27%, APAC - 27%, South America - 7%, Middle East & Africa - 6%,
The key players profiled in the report include as Eneos Holdings Inc. (Japan), BASF SE (Germany), Idemitsu Kosan Co. Ltd (Japan), ExxonMobil Corporation (U.S.), Royal Dutch Shell Plc. (Netherlands), Total Energies SE(France), China Petrochemical Corporation (Sinopec Corp), Petroliam Nasional Berhad(Petronas), FUCHS Petrolub SE (Germany), Johnson Controls(Ireland) and others among others.
Research Coverage
This report segments the market for refrigeration oil based on application, type, and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, associated with the market for refrigeration oil.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the refrigeration oil market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on refrigeration oil offered by top players in the global market
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for refrigeration oil across regions
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global refrigeration oil market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the refrigeration market
FEATURED COMPANIES
- Basf Se
- Camco Lubricants
- Exxonmobil Corporation
- Isel Inc.
- Lukoil
- Royal Dutch Shell plc
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Refrigeration Oil Market: Inclusions and Exclusions
1.2.2 Refrigeration Oil: Market Definition and Inclusions, by Type
1.2.3 Refrigeration Oil: Market Definition and Inclusions, by Application
1.3 Market Definition
1.3.1 Refrigeration Oil Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Refrigeration Oil Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Primary Interviews - Demand and Supply-Side
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 2 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue of Products
Figure 3 Market Size Estimation Methodology: Approach 1 Bottom-Up (Supply-Side): Collective Revenue of All Products
Figure 4 Market Size Estimation Methodology: Approach 2 - Bottom-Up (Demand-Side): Products Sold and Their Average Selling Price
2.2.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Approach 3 - Top-Down
2.3 Data Triangulation
Figure 6 Refrigeration Oil Market: Data Triangulation
2.4 Growth Rate Assumptions/Growth Forecast
2.4.1 Supply-Side
Figure 7 Market CAGR Projections from Supply-Side
2.4.2 Demand-Side
Figure 8 Market Growth Projections from Demand Side Drivers and Opportunities
2.5 Factors Analysis
2.6 Assumptions
2.7 Limitations
2.8 Risk Assessment
Table 1 Refrigeration Oil Market: Risk Assessment
3 Executive Summary
Figure 9 Refrigerator & Freezer to be Largest Application of Refrigeration Oil Market in 2020
Figure 10 Synthetic Oil to Lead Overall Market Between 2021 and 2026
Figure 11 Poe to Lead Synthetic Oil Market Between 2021 and 2026
Figure 12 Refrigerator & Freezer to be Fastest-Growing Application of Refrigeration Oil
Figure 13 APAC Accounted for Largest Share of Refrigeration Oil Market in 2020
4 Premium Insights
4.1 Attractive Opportunities in Refrigeration Oil Market
Figure 14 Growing Refrigerator & Freezer Application to Drive Refrigeration Oil Market During the Forecast Period
4.2 Refrigeration Oil Market Size, by Region
Figure 15 APAC to be Largest Market for Refrigeration Oil During the Forecast Period
4.3 APAC: Refrigeration Oil Market, by Application and Country, 2020
Figure 16 China Accounted for the Largest Market Share
4.4 Refrigeration Oil Market Size, by Application
Figure 17 Refrigerator & Freezer to be Largest Application of Refrigeration Oil Market
4.5 Refrigeration Oil Market Size, by Application Vs Region
Figure 18 Refrigerator & Freezer to be Dominant Application of Refrigeration Oil Market Across Regions
4.6 Refrigeration Oil Market, by Key Countries
Figure 19 India to Register the Highest CAGR Between 2021 and 2026
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Refrigeration Oil Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Demand for Consumer Appliances
Table 2 Gross Adjusted Household Disposable Per Capita Income, 2019 (USD)
5.2.1.2 Growing Demand for Chilled & Frozen Food and Growth of Pharmaceutical Industry
Table 3 Size of Frozen Foods Market Worldwide from 2018 to 2026 (USD Billion)
5.2.1.3 Rising Demand for Low Gwp Refrigerants
5.2.2 Restraints
5.2.2.1 Stringent Regulations to Limit Use of Fluorocarbon Refrigerants
5.2.3 Opportunities
5.2.3.1 Development of Low Viscosity and High-Quality Refrigeration Oil
5.2.4 Challenges
5.2.4.1 Compatibility of Refrigeration Oil with Refrigerants
5.3 Porter's Five Forces Analysis
Figure 21 Porter's Five Forces Analysis of Refrigeration Oil Market
Table 4 Refrigeration Oil Market: Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Threat of New Entrants
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Technology Analysis
5.5 Macroeconomic Indicators
5.5.1 Gdp Trends and Forecast of Major Economies
Table 5 Trends and Forecast of Gdp, 2019-2026 (Growth Rate)
5.6 COVID-19 Impact
5.6.1 Introduction
5.6.2 COVID-19 Health Assessment
Figure 22 Country-Wise Spread of COVID-19
5.6.3 COVID-19 Economic Assessment
Figure 23 Revised Gdp Forecasts for Select G20 Countries in 2021
5.6.3.1 COVID-19 Impact on the Economy - Scenario Assessment
Figure 24 Factors Impacting the Global Economy
Figure 25 Scenarios of COVID-19 Impact
5.7 Impact of COVID-19: Customer Analysis
6 Industry Trends
6.1 Supply Chain Analysis
Figure 26 Refrigeration Oil Market: Supply Chain
Table 6 Refrigeration Oil Market: Supply Chain
6.1.1 Raw Material
6.1.2 Manufacturing of Refrigeration Oils
6.1.3 Distribution to End-users
6.2 Refrigeration Oil Market: Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenario
Figure 27 Market Size Under Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenario
Table 7 Refrigeration Oil Market: Market Forecast Scenario, 2019-2026 (USD Million)
6.2.1 Non-COVID-19 Scenario
6.2.2 Optimistic Scenario
6.2.3 Pessimistic Scenario
6.2.4 Realistic Scenario
6.3 Trends/Disruptions Impacting Customer's Business
6.3.1 Revenue Shifts & Revenue Pockets for Refrigeration Oils Market
Figure 28 Revenue Shift for Refrigeration Oils Market
6.4 Connected Markets: Ecosystem
Figure 29 Refrigeration Oils Market: Ecosystem
6.5 Case Study Analysis
6.5.1 a Case Study on Unilever-Hydrocarbon Ice Cream Freezers
6.5.2 a Case Study on Oil Return Characteristics in a Display Case Refrigeration System
6.6 Tariff and Regulatory Landscape
6.6.1 US
6.6.2 Japan
6.6.3 China
6.7 Trade Analysis
6.7.1 Import Scenario of Refrigeration Oil
Figure 30 Refrigeration Oil Imports, by Key Country, 2016-2020
Table 8 Imports of Refrigeration Oils, by Region, 2016-2020 (USD Billion)
6.7.2 Export Scenario of Refrigeration Oil
Figure 31 Refrigeration Oil Exports, by Key Country, 2016- 2020
Table 9 Exports of Refrigeration Oils, by Region, 2016-2020 (USD Billion)
6.8 Average Selling Price
Table 10 Average Selling Price of Refrigeration Oil, by Region (Usd/Kg)
6.9 Patent Analysis
6.9.1 Approach
6.9.2 Document Type
Table 11 Granted Patents Account for 21 % of the Total Count in the Last 11 Years.
Figure 32 Patents Registered for Refrigeration Oil, 2010-2020
Figure 33 Patents Publication Trends for Refrigeration Oil, 2010-2020
6.9.3 Jurisdiction Analysis
Figure 34 Maximum Patents Filed by Companies in China
6.9.4 Top Applicants
Figure 35 Lg Chemical Ltd. Technologies LLC Registered Maximum Number of Patents Between 2010 and 2020
Table 12 Top 10 Patent Owners in Us, 2010-2020
7 Refrigeration Oil Market, by Oil Type
7.1 Introduction
Figure 36 Synthetic Oil to Dominate Refrigeration Oil Market Between 2021 and 2026
Table 13 Refrigeration Oil Market Size, by Oil Type, 2016-2019 (Kiloton)
Table 14 Refrigeration Oil Market Size, by Oil Type, 2020-2026 (Kiloton)
Table 15 Refrigeration Oil Market Size, by Oil Type, 2016-2019 (USD Million)
Table 16 Refrigeration Oil Market Size, by Oil Type, 2020-2026 (USD Million)
7.2 Synthetic Oil
7.2.1 Increase in Demand due to Its High Performance in Extreme Conditions
Table 17 Synthetic Refrigeration Oil Market Size, by Type, 2016-2019 (Kiloton)
Table 18 Synthetic Refrigeration Oil Market Size, by Type, 2020-2026 (Kiloton)
Table 19 Synthetic Refrigeration Oil Market Size, by Type, 2016-2019 (USD Million)
Table 20 Synthetic Refrigeration Oil Market Size, by Type, 2020-2026 (USD Million)
7.2.2 Poe
7.2.2.1 High Thermal Stability and Excellent Wear Performance are Expected to Drive the Demand for Poe
7.2.3 Pag
7.2.3.1 Excellent Lubricity of Pag Synthetic Oil Driving Its Demand
7.2.4 Others
7.2.4.1 Pao
7.2.4.2 Pve
7.2.4.3 Ab
7.2.4.4 Blends
7.3 Mineral Oil
7.3.1 Excellent Fluidity is Expected to Drive the Demand for Mineral Refrigeration Oil
8 Refrigeration Oil Market, by Application
8.1 Introduction
Figure 37 Refrigerator & Freezer to be Leading Application Segment in Refrigeration Oil Market
Table 21 Refrigeration Oil Market Size, by Application, 2016-2019 (Kiloton)
Table 22 Refrigeration Oil Market Size, by Application, 2020-2026 (Kiloton)
Table 23 Refrigeration Oil Market Size, by Application, 2016-2019 (USD Million)
Table 24 Refrigeration Oil Market Size, by Application, 2020-2026 (USD Million)
8.2 Refrigerator & Freezer
8.2.1 Domestic Refrigerator & Freezer
8.2.1.1 Rise in Demand for Frozen Food Products to Drive the Segment
8.2.2 Commercial Refrigerator & Freezer
8.2.2.1 Increasing Use of Poe-Based Synthetic Oil to Drive the Market in the Segment
8.2.3 Industrial Refrigerator & Freezer
8.2.3.1 Rising Popularity of Co2 in Industrial Refrigerator & Freezer to Drive the Market
Table 25 Refrigeration Oil Market Size in Refrigerator & Freezer, by Region, 2016-2019 (Kiloton)
Table 26 Refrigeration Oil Market Size in Refrigerator & Freezer, by Region, 2020-2026 (Kiloton)
Table 27 Refrigeration Oil Market Size in Refrigerator & Freezer, by Region, 2016-2019 (USD Million)
Table 28 Refrigeration Oil Market Size in Refrigerator & Freezer, by Region, 2020-2026 (USD Million)
8.3 Air Conditioner
8.3.1 Domestic Air Conditioners
8.3.1.1 Increase in Disposable Income to Drive the Market in the Segment
8.3.2 Commercial Air Conditioners
8.3.2.1 Growth in Demand in Commercial Spaces Such as Office Buildings and Retail Stores to Increase Demand for Air Conditioners
Table 29 Refrigeration Oil Market Size in Air Conditioner, by Region, 2016-2019 (Kiloton)
Table 30 Refrigeration Oil Market Size in Air Conditioner, by Region, 2020-2026 (Kiloton)
Table 31 Refrigeration Oil Market Size in Air Conditioner, by Region, 2016-2019 (USD Million)
Table 32 Refrigeration Oil Market Size in Air Conditioner, by Region, 2020-2026 (USD Million)
8.4 Automotive Ac System
8.4.1 Rising Demand for Automobiles Driving the Market in the Segment
Table 33 Refrigeration Oil Market Size in Automotive Ac System, by Region, 2016-2019 (Kiloton)
Table 34 Refrigeration Oil Market Size in Automotive Ac System, by Region, 2020-2026 (Kiloton)
Table 35 Refrigeration Oil Market Size in Automotive Ac System, by Region, 2016-2019 (USD Million)
Table 36 Refrigeration Oil Market Size in Automotive Ac System, by Region, 2020-2026 (USD Million)
8.5 Aftermarket
8.5.1 Increasing Demand for Refrigerators, Freezer, Air Conditioner, and Automotive Ac System to Boost the Market
Table 37 Refrigeration Oil Market Size in Aftermarket, by Region, 2016-2019 (Kiloton)
Table 38 Refrigeration Oil Market Size in Aftermarket, by Region, 2020-2026 (Kiloton)
Table 39 Refrigeration Oil Market Size in Aftermarket, by Region, 2016-2019 (USD Million)
Table 40 Refrigeration Oil Market Size in Aftermarket, by Region, 2020-2026 (USD Million)
9 Refrigeration Oil Market, by Region
9.1 Introduction
Figure 38 APAC to Register Highest CAGR During the Forecast Period
Table 41 Refrigeration Oil Market Size, by Region, 2016-2019 (Kiloton)
Table 42 Refrigeration Oil Market Size, by Region, 2020-2026 (Kiloton)
Table 43 Refrigeration Oil Market Size, by Region, 2016-2019 (USD Million)
Table 44 Refrigeration Oil Market Size, by Region, 2020-2026 (USD Million)
9.2 APAC
Figure 39 APAC: Refrigeration Oil Market Snapshot
9.2.1 APAC Refrigeration Oil Market, by Application
Table 45 APAC: Refrigeration Oil Market Size, by Application, 2016-2019 (Kiloton)
Table 46 APAC: Refrigeration Oil Market Size, by Application, 2020-2026 (Kiloton)
Table 47 APAC: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Million)
Table 48 APAC: Refrigeration Oil Market Size, by Region, 2020-2026 (USD Million)
9.2.2 APAC Refrigeration Oil Market, by Country
Table 49 APAC: Refrigeration Oil Market Size, by Country, 2016-2019 (Kiloton)
Table 50 APAC: Refrigeration Oil Market Size, by Country, 2020-2026 (Kiloton)
Table 51 APAC: Refrigeration Oil Market Size, by Country, 2016-2019 (USD Million)
Table 52 APAC: Refrigeration Oil Market Size, by Country, 2020-2026 (USD Million)
9.2.2.1 China
9.2.2.1.1 Increasing Demand for Consumer Appliances Drives the Market
Table 53 China: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 54 China: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 55 China: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 56 China: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.2.2.2 Japan
9.2.2.2.1 Presence of Various Refrigerator & Freezer Manufacturers Likely to Drive the Market
Table 57 Japan: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 58 Japan: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 59 Japan: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 60 Japan: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.2.2.3 India
9.2.2.3.1 Rising Income Level of Middle-Class Population Propels Growth of the Market
Table 61 India: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 62 India: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 63 India: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 64 India: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.2.2.4 South Korea
9.2.2.4.1 Increasing Demand for Processed Food to Drive Demand for Refrigerator & Freezer
Table 65 South Korea: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 66 South Korea: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 67 South Korea: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 68 South Korea: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.2.2.5 Thailand
9.2.2.5.1 Rise in Demand from Refrigerator & Freezer Application Expected to Drive the Market
Table 69 Thailand: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 70 Thailand: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 71 Thailand: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 72 Thailand: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.2.2.6 Indonesia
9.2.2.6.1 Hot Climatic Conditions Drive the Demand for Air Conditioners in the Country
Table 73 Indonesia: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 74 Indonesia: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 75 Indonesia: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 76 Indonesia: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.2.2.7 Vietnam
9.2.2.7.1 Growth in Automotive Industry Expected to Drive the Market
Table 77 Vietnam: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 78 Vietnam: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 79 Vietnam: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 80 Vietnam: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.2.2.8 Taiwan
9.2.2.8.1 Increasing Production of Automobiles in the Country Driving the Market
Table 81 Taiwan: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 82 Taiwan: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 83 Taiwan: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 84 Taiwan: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.3 North America
Figure 40 North American: Refrigeration Oil Market Snapshot
9.3.1 North America: Refrigeration Oil Market Size, by Application
Table 85 North America: Refrigeration Oil Market Size, by Application, 2016-2019 (Kiloton)
Table 86 North America: Refrigeration Oil Market Size, by Application, 2020-2026 (Kiloton)
Table 87 North America: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Million)
Table 88 North America: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Million)
9.3.2 North America: Refrigeration Oil Market Size, by Country
Table 89 North America: Refrigeration Oil Market Size, by Country, 2016-2019 (Kiloton)
Table 90 North America: Refrigeration Oil Market Size, by Country, 2020-2026 (Kiloton)
Table 91 North America: Refrigeration Oil Market Size, by Country, 2016-2019 (USD Million)
Table 92 North America: Refrigeration Oil Market Size, by Country, 2020-2026 (USD Million)
9.3.2.1 US
9.3.2.1.1 Increase in Retail and Commercial Construction Driving the Market for Refrigeration Oil
Table 93 US: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 94 US: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 95 US: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 96 US: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.3.2.2 Mexico
9.3.2.2.1 Growing Residential and Non-Residential Construction Projects Estimated to Drive the Market
Table 97 Mexico: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 98 Mexico: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 99 Mexico: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 100 Mexico: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.3.2.3 Canada
9.3.2.3.1 Presence of Major Refrigeration Oil Manufacturers to Drive the Market
Table 101 Canada: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 102 Canada: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 103 Canada: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 104 Canada: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.4 Europe
9.4.1 Europe: Refrigeration Oil Market Size, by Application
Table 105 Europe: Refrigeration Oil Market Size, by Application, 2016-2019 (Kiloton)
Table 106 Europe: Refrigeration Oil Market Size, by Application, 2020-2026 (Kiloton)
Table 107 Europe: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Million)
Table 108 Europe: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Million)
9.4.2 Europe: Refrigeration Oil Market Size, by Country
Table 109 Europe: Refrigeration Oil Market Size, by Country, 2016-2019 (Kiloton)
Table 110 Europe: Refrigeration Oil Market Size, by Country, 2020-2026 (Kiloton)
Table 111 Europe: Refrigeration Oil Market Size, by Country, 2016-2019 (USD Million)
Table 112 Europe: Refrigeration Oil Market Size, by Country, 2020-2026 (USD Million)
9.4.2.1 Italy
9.4.2.1.1 Growing Demand for Refrigerators & Freezers Expected to Drive the Market
Table 113 Italy: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 114 Italy: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 115 Italy: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 116 Italy: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.4.2.2 Germany
9.4.2.2.1 Growth in Manufacturing of Automobiles Fueling the Demand for Refrigeration Oil
Table 117 Germany: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 118 Germany: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 119 Germany: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 120 Germany: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.4.2.3 Russia
9.4.2.3.1 Growing Production of Consumer Appliances for Domestic and Export to Drive the Market
Table 121 Russia: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 122 Russia: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 123 Russia: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 124 Russia: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.4.2.4 France
9.4.2.4.1 Increase in Spending Power of the Population Driving the Market
Table 125 France: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 126 France: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 127 France: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 128 France: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.4.2.5 UK
9.4.2.5.1 Growth in Production of Automobiles Fuels the Market for Refrigeration Oil
Table 129 UK: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 130 UK: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 131 UK: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 132 UK: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.5 Middle East & Africa
9.5.1 Middle East & Africa: Refrigeration Oil Market Size, by Application
Table 133 Middle East & Africa: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 134 Middle East & Africa: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 135 Middle East & Africa: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Million)
Table 136 Middle East & Africa: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.5.2 Middle East & Africa A: Refrigeration Oil Market Size, by Country
Table 137 Middle East & Africa: Refrigeration Oil Market Size, by Country, 2016-2019 (Kiloton)
Table 138 Middle East & Africa: Refrigeration Oil Market Size, by Country, 2020-2026 (Kiloton)
Table 139 Middle East & Africa: Refrigeration Oil Market Size, by Country, 2016-2019 (USD Thousand)
Table 140 Middle East & Africa: Refrigeration Oil Market Size, by Country, 2020-2026 (USD Thousand)
9.5.2.1 Turkey
9.5.2.1.1 Presence of Major Refrigerator & Freezer Manufacturers Increases Demand for Refrigeration Oil
Table 141 Turkey: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 142 Turkey: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 143 Turkey: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 144 Turkey: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.5.2.2 Iran
9.5.2.2.1 Increase in Residential Housing Constructions Expected to Fuel Growth of Consumer Appliances
Table 145 Iran: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 146 Iran: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 147 Iran: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 148 Iran: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.5.2.3 South Africa
9.5.2.3.1 Growing Demand for Energy-Efficient Refrigerators & Freezers to Drive the Market
Table 149 South Africa: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 150 South Africa: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 151 South Africa: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 152 South Africa: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.6 South America
9.6.1 South America: Refrigeration Oil Market Size, by Application
Table 153 South America: Refrigeration Oil Market Size, by Application, 2016-2019 (Kiloton)
Table 154 South America: Refrigeration Oil Market Size, by Application, 2020-2026 (Kiloton)
Table 155 South America: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Million)
Table 156 South Africa: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Million)
9.6.2 South America: Refrigeration Oil Market Size, by Country
Table 157 South America: Refrigeration Oil Market Size, by Country, 2016-2019 (Kiloton)
Table 158 South Africa: Refrigeration Oil Market Size, by Country, 2020-2026 (Kiloton)
Table 159 South America: Refrigeration Oil Market Size, by Country, 2016-2019 (USD Million)
Table 160 South America: Refrigeration Oil Market Size, by Country, 2020-2026 (USD Million)
9.6.2.1 Brazil
9.6.2.1.1 Rapid Urbanization Driving Demand for Consumer Appliances in the Country
Table 161 Brazil: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 162 Brazil: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 163 Brazil: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 164 Brazil: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
9.6.2.2 Argentina
9.6.2.2.1 Increasing Export and Domestic Sales of Consumer Appliances Driving the Market
Table 165 Argentina: Refrigeration Oil Market Size, by Application, 2016-2019 (Ton)
Table 166 Argentina: Refrigeration Oil Market Size, by Application, 2020-2026 (Ton)
Table 167 Argentina: Refrigeration Oil Market Size, by Application, 2016-2019 (USD Thousand)
Table 168 Argentina: Refrigeration Oil Market Size, by Application, 2020-2026 (USD Thousand)
10 Competitive Landscape
10.1 Introduction
10.2 Strategies Adopted by Key Players
10.2.1 Overview of Strategies Adopted by Key Refrigeration Oil Manufacturers
10.3 Market Share Analysis
10.3.1 Ranking of Key Market Players, 2020
Figure 41 Ranking of Top Five Players in the Refrigeration Oil Market, 2020
10.3.2 Market Share of Key Players
Table 169 Refrigeration Oil Market: Degree of Competition
Figure 42 Eneos Holdings Inc. is Leading Player in the Refrigeration Oil Market
10.3.2.1 Eneos Holdings Inc.
10.3.2.2 Exxonmobil Corporation
10.3.2.3 Royal Dutch Shell plc.
10.3.2.4 Basf Se
10.3.2.5 Idemitsu Kosan Co. Ltd.
10.3.3 Revenue Analysis of Top Five Players
Figure 43 Revenue Analysis of Key Companies in the Past 5 Years
10.4 Company Product Footprint Analysis
Figure 44 Refrigeration Oil Market: Company Footprint
Table 170 Refrigeration Oil Market: Oil Type Footprint
Table 171 Refrigeration Oil Market: Application Footprint
Table 172 Refrigeration Oil Market: Company Region Footprint
10.5 Company Evaluation Matrix (Tier 1)
10.5.1 Stars
10.5.2 Emerging Leaders
Figure 45 Company Evaluation Matrix for Refrigeration Oil Market (Tier 1)
10.6 Start-Up/Smes Evaluation Matrix
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Companies
10.6.4 Starting Blocks
Figure 46 Start-Up/Smes Evaluation Matrix for Refrigeration Oil Market
10.7 Competitive Situation and Trends
10.7.1 New Product Launches
Table 173 Refrigeration Oil Market: New Product Launches (2018-2021)
10.7.2 Deals
Table 174 Refrigeration Oil Market: Deals (2018-2021)
10.7.3 Other Developments
Table 175 Refrigeration Oil Market: Expansions, Investments, and Innovations (2016-2021)
11 Company Profiles
11.1 Major Players
(Business Overview, Products Offered, Analyst's View, Key Strengths/Right to Win, Strategic Choice Made, Weaknesses and Competitive Threats, Deals, Other Developments)*
11.1.1 Eneos Holdings Inc.
Figure 47 Eneos Holdings Inc.: Company Snapshot
Table 176 Eneos Holdings Inc.: Business Overview
11.1.2 Basf Se
Figure 48 Basf Se: Company Snapshot
Table 177 Basf Se: Business Overview
11.1.3 Idemitsu Kosan Co., Ltd.
Figure 49 Idemitsu Kosan Co. Ltd.: Company Snapshot
Table 178 Idemitsu Kosan Co., Ltd.: Business Overview
11.1.4 Exxonmobil Corporation
Figure 50 Exxonmobil Corporation: Company Snapshot
Table 179 Exxonmobil Corporation: Business Overview
11.1.5 Royal Dutch Shell plc
Figure 51 Royal Dutch Shell plc: Company Snapshot
Table 180 Royal Dutch Shell plc: Business Overview
11.1.6 Totalenergies Se
Figure 52 Totalenergies Se: Company Snapshot
Table 181 Totalenergies Se: Business Overview
11.1.7 China Petrochemical Corporation (Sinopec Corp.)
Figure 53 China Petrochemical Corporation: Company Snapshot
Table 182 China Petrochemical Corporation: Business Overview
11.1.8 Petroliam Nasional Berhad (Petronas)
Figure 54 Petroliam Nasional Berhad: Company Snapshot
Table 183 Petroliam Nasional Berhad: Business Overview
11.1.9 Fuchs Petrolub Se
Figure 55 Fuchs Petrolub Se: Company Snapshot
Table 184 Fuchs Petrolub Se: Business Overview
11.1.10 Johnson Controls
Figure 56 Johnson Controls: Company Snapshot
Table 185 Johnson Controls: Business Overview
11.1.11 The Lubrizol Corporation
Table 186 The Lubrizol Corporation: Business Overview
11.1.12 Bp plc
Figure 57 Bp plc: Company Snapshot
Table 187 Bp plc: Business Overview
11.1.13 Chevron Corporation
Figure 58 Chevron Corporation: Company Snapshot
Table 188 Chevron Corporation: Business Overview
11.2 Startup/Sme Players
11.2.1 Mahle Group
Table 189 Mahle Group: Company Overview
11.2.2 Bva, Inc.
Table 190 Bva, Inc.: Company Overview
11.2.3 Calumet Specialty Products Partners, L.P.
Table 191 Calumet Specialty Products Partners, L.P.: Company Overview
11.2.4 Camco Lubricants
Table 192 Camco Lubricants: Company Overview
11.2.5 Citgo Petroleum Corporation
Table 193 Citgo Petroleum Corporation: Company Overview
11.2.6 Cosmo Oil Lubricants Co., Ltd.
Table 194 Cosmo Oil Lubricants: Company Overview
11.2.7 Ente Nazionale Idrocarburi Eni
Table 195 Ente Nazionale Idrocarburi Eni: Company Overview
11.2.8 Indian Oil Corporation Ltd.
Table 196 Indian Oil Corporation Ltd.: Company Overview
11.2.9 Isel Inc.
Table 197 Isel Inc.: Company Overview
11.2.10 National Refrigerants, Inc.
Table 198 National Refrigerants, Inc.: Company Overview
11.2.11 Kluber Lubrication
Table 199 Kluber Lubrication: Company Overview
11.2.12 Lubriplate Lubricants Company
Table 200 Lubriplate Lubricants Company: Company Overview
11.2.13 Lukoil
Table 201 Lukoil: Company Overview
11.2.14 Petro-Canada Lubricants Inc.
Table 202 Petro-Canada Lubricants Inc.: Company Overview
11.2.15 Phillips 66 Lubricants
Table 203 Phillips 66 Lubricants: Company Overview
11.2.16 Sun Company, Inc.
Table 204 Sun Company, Inc.: Company Overview
*Details on Business Overview, Products Offered, Analyst's View, Key Strengths/Right to Win, Strategic Choice Made, Weaknesses and Competitive Threats, Deals, Other Developments Might Not be Captured in Case of Unlisted Companies.
12 Adjacent & Related Markets
12.1 Introduction
12.2 Limitation
12.3 Industrial Refrigeration System Market
12.3.1 Market Definition
12.3.2 Market Overview
12.4 Industrial Refrigeration System, by Region
Table 205 Industrial Refrigeration System Market, by Region, 2016-2025 (USD Billion)
12.4.1 North America
Table 206 Industrial Refrigeration System Market in North America, by Country, 2016-2025 (USD Million)
Table 207 Industrial Refrigeration System Market in North America, by Component, 2016-2025 (USD Million)
12.4.2 Europe
Table 208 Industrial Refrigeration System Market in Europe, by Country, 2016-2025 (USD Million)
Table 209 Industrial Refrigeration System Market in Europe, by Component, 2016-2025 (USD Million)
12.4.3 APAC
Table 210 Industrial Refrigeration System Market in Apac, by Country, 2016-2025 (USD Million)
Table 211 Industrial Refrigeration System Market in Apac, by Component, 2016-2025 (USD Million)
12.4.4 Rest of World
Table 212 Industrial Refrigeration System Market in Row, by Region, 2016-2025 (USD Million)
Table 213 Industrial Refrigeration System Market in Row, by Component, 2016-2025 (USD Million)
13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store
13.3 Available Customizations
- Basf Se
- Bp plc
- Bva, Inc.
- Calumet Specialty Products Partners, L.P.
- Camco Lubricants
- Chevron Corporation
- China Petrochemical Corporation (Sinopec Corp.)
- Citgo Petroleum Corporation
- Cosmo Oil Lubricants Co., Ltd.
- Eneos Holdings Inc.
- Ente Nazionale Idrocarburi Eni
- Exxonmobil Corporation
- Fuchs Petrolub Se
- Idemitsu Kosan Co., Ltd.
- Indian Oil Corporation Ltd.
- Isel Inc.
- Johnson Controls
- Kluber Lubrication
- Lubriplate Lubricants Company
- Lukoil
- Mahle Group
- National Refrigerants, Inc.
- Petro-Canada Lubricants Inc.
- Petroliam Nasional Berhad (Petronas)
- Phillips 66 Lubricants
- Royal Dutch Shell plc
- Startup/Sme Players
- Sun Company, Inc.
- The Lubrizol Corporation
- Totalenergies Se
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