Global Refrigeration Oils Strategic Business Report 2023: Increasing Demand for Air Conditioners and Refrigerators to Bode Well for the Market

Dublin, April 13, 2023 (GLOBE NEWSWIRE) -- The "Refrigeration Oils: Global Strategic Business Report" report has been added to's offering.

The global market for Refrigeration Oils estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$1.4 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2022-2030.

Synthetic, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$944.2 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Mineral segment is readjusted to a revised 3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $290.8 Million, While China is Forecast to Grow at 6.3% CAGR

The Refrigeration Oils market in the U.S. is estimated at US$290.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$292.4 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Select Competitors (Total 38 Featured) -

  • 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

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages192
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.1 Billion
Forecasted Market Value (USD) by 2030$1.4 Billion
Compound Annual Growth Rate3.1%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude into Refrigeration Oil Market
  • Refrigeration Oil - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession



  • Increasing Demand for Air Conditioners and Refrigerators to Bode Well for Refrigeration Oil Market
  • Refrigeration Oil Market: Percentage Breakdown of Market Share by Application Type (2018)
  • APAC Region Registered a Dominant Share in the Refrigerator Oil Market
  • 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




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Global Market for Refrigeration Oils

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