Dublin, April 13, 2023 (GLOBE NEWSWIRE) -- The "Refrigeration Oils: Global Strategic Business Report" report has been added to ResearchAndMarkets.com'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) -
- 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
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 Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $1.4 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- 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
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/g4nsne
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
