Refrigeration Oil Market 2018: Size, Competitors Strategy, Regional Analysis and Growth by Forecast to 2023

14/mag/2018 10:48:11 Market Research Future Contatta l'autore

Market Overview

Refrigeration is used as a lubricant in the compressor. Refrigerant Oil is a high-temperature formulation with a high-temperature, low pour point, high dielectric strength, low contamination, and viscosity.

The Global Refrigerant Oil Market is segmented on the basis of the oil as synthetic and mineral oils. High viscosity index, high shear stability, improved chemical resistance, and other. The synthetic oil is compatible with low global warming potential refrigerants, which are likely to be marketable during the review period. Polyalkylene glycol (PAG), polyalphaolefin (PAO), polyvinyl ether (PVE), and others, synthetic oil segment is further segmented into polyolester (POE). The limitations on the use of fluorocarbon refrigerants are likely to challenge the market growth during the assessment period.

Competitive Analysis

JXTG Holdings Inc. (Japan), BASF SE (Germany), China Petrochemical Corporation (China), Shell Global (Netherlands), Exxon Mobil Corporation (US), Total (France) , MEIWA CORPORATION (Japan), Indian Oil Corporation Ltd (India), Behr Hella Service GmbH (Germany), COSMO OIL LUBRICANTS Co., Ltd. (Japan), Calumet Specialty Products Partners, LP (US), Lubriplate Lubricants Company (US), PETRONAS (Malaysia), Petro-Canada Lubricants Inc. (Canada), and Idemitsu Kosan Co. Ltd (Japan).

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Market Segmentation

The Global Refrigeration Oil Market is segmented on the basis of the Oil Type, Application and Region.

On the Basis of the Oil Type , the Global Refrigeration Oil Market is segmented into the synthetic and mineral oils.

The Global Refrigeration Oil Market is segmented by its application as refrigerator, freezer, chillers, air conditioner, automotive AC system, and others.

Regional Analysis

The Global Refrigeration Oil Market is segmented into five regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia-Pacific is the fastest growing region in the region due to the growing demand for consumer appliances such as refrigerators, heaters, and others.

The rebound in automotive sales in North America and the United States is the major driving factor for refrigeration.

Significant growth in HVAC system in infrastructure in the countries such as Saudi Arabia, the UAE, and Qatar owing to the burgeoning infrastructural developments is driving the market in the Middle East region.

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