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市场调查报告书
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1379936

冷冻油市场 - 2018-2028 年全球产业规模、份额、趋势、机会与预测,按类型、按应用、地区和竞争细分

Refrigeration Oil Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type, By Application, By Region and Competition

出版日期: | 出版商: TechSci Research | 英文 185 Pages | 商品交期: 2-3个工作天内

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简介目录

2022 年全球冷冻油市场价值为 12.5 亿美元,预计到 2028 年预测期内将实现强劲增长,复合CAGR为 4.32%。製冷压缩机的润滑对于确保其最佳性能和效率至关重要。所使用的冷冻油类型对于确定压缩机的整体性能起着至关重要的作用。由于冷冻压缩机在不同的温度条件下运行,压缩机内部的温度往往会升高。因此,必须最大限度地减少和散发压缩机产生的热量。为了实现这一目标,冷冻油用于散发压缩机各个部件(例如压缩室和阀门)的热量,同时也有助于密封。对有效散发压缩机零件热量的冷冻油的需求一直在上升,从而推动了全球冷冻油市场的成长。

在冷冻和冷冻系统、空调和汽车空调系统中,压缩温度可达到高达 180°C 的峰值水平。冷冻油的热稳定性和化学稳定性对于降低压缩温度、确保空调的正常运作起着至关重要的作用。此外,严格的环境法规为氨和二氧化碳等天然冷冻油的发展创造了新的机会。预计这一因素将在预测期内进一步推动全球冷冻油市场的成长。

冷冻油变得越来越重要,并广泛用于工业热泵。与传统油相比,合成冷冻油具有卓越的效率,主要用于工业压缩机和热泵。此外,合成冷冻油与多种冷媒相容,包括二氧化碳和氨。工业製冷压缩机、热泵和低蒸发器需要使用能够有效减少热量产生、散发设备热量、提高润滑油寿命并最大限度地减少轴洩漏的油。这些因素极大地促进了冷冻油需求的成长,推动了全球市场的成长。

市场概况
预测期 2024-2028
2022 年市场规模 12.5亿美元
2028 年市场规模 16亿美元
2023-2028 年CAGR 4.32%
成长最快的细分市场 冷气机
最大的市场 亚太地区

但要注意的是,冷冻机油的氧化能力导致需要定期排水和换油,这会增加日常维护成本。另一方面,冷冻油的高黏度指数有助于最大限度地降低流体温度,从而减少压缩机和相关零件上蜡含量的沉积。这确保了设备及其部件的平稳运作。而且,冷冻油的低牵引係数对于提高系统效率、降低电耗至关重要。这些理想的特性使冷冻油广泛应用于压缩机,进一步推动全球市场的成长。值得一提的是,某些冷冻油可能会造成环境问题,需要定期排油和更换。

主要市场驱动因素

食品饮料业冷冻油需求不断成长

冷冻油在冷冻系统的功能中起着至关重要的作用。它透过提供必要的润滑来确保压缩机(冷冻机构的核心)平稳运作。这反过来又可以实现高效冷却,并最终更好地保存食品。

食品和饮料行业严重依赖製冷系统来维持产品品质并延长产品保质期。从储存原料到保存预製食品,冷藏是食品加工链每一步不可或缺的一部分。因此,冷冻油的需求与食品饮料产业的运作有着内在的关联。

全球食品和饮料行业在过去几年中取得了显着增长。人口成长、都市化和生活方式改变等因素导致对加工和包装食品的需求增加。这些因素,加上严格的食品安全法规,需要扩大冷藏设施和冷藏运输,导致对冷冻油的需求上升。

此外,外食的成长以及餐厅和快餐店数量的激增进一步刺激了对冷冻系统的需求,从而推动了冷冻油市场的发展。随着消费者越来越多地选择方便和即食食品,对高效製冷系统和可靠冷冻油的需求变得至关重要。

随着食品饮料行业的不断扩张,冷冻油的需求预计将稳定上升。技术的进步可能会导致更有效率、更环保的冷冻系统的发展,这将进一步推动冷冻油市场的发展。此外,该行业对永续发展和减少碳排放的关注将刺激对环保冷冻油替代品的需求。

总之,食品和饮料产业对冷冻油的需求不断增长是全球冷冻油市场的重要驱动力。随着产业的不断扩大和发展,冷冻油的作用将变得更加重要。随着技术的进步和对永续性的关注,冷冻油市场将在未来几年实现强劲成长。

医疗保健产业冷冻油需求不断增长

冷冻油对于冷冻系统的平稳运作起着至关重要的作用。它为製冷机构的核心压缩机提供必要的润滑,确保高效冷却。这在医疗保健行业尤其重要,因为疫苗、药物、血液样本和其他生物材料等关键物品的有效保存在很大程度上依赖冷藏。

医疗保健行业对製冷系统的依赖是深远的,并且涵盖广泛的应用。从储存对温度敏感的药物和疫苗到保存器官移植物,冷藏是许多医疗保健过程中不可或缺的一部分。因此,冷冻油的需求与医疗保健产业的功能有着本质上的关联。

在全球人口不断增加和各种疾病出现的推动下,医疗保健产业的成长非常显着。这种扩张导致医院、诊所和研究实验室数量的增加,所有这些都需要用于各种目的的冷冻系统。近年来,随着 COVID-19 大流行等健康危机凸显了维持疫苗储存和运输特定温度的重要性,对高效、可靠的冷冻解决方案的需求变得更加明显。

展望未来,医疗产业冷冻油需求预计将稳定上升。技术突破可能导致更有效率、更环保的冷冻系统的开发,从而进一步推动冷冻油市场的发展。随着医疗保健产业的不断进步和发展,冷冻油的角色将变得更加重要,这预示着未来市场的强劲成长和机会。

总之,医疗保健产业对冷冻油的需求不断增长是全球冷冻油市场的重要驱动力。随着医疗保健的进步和扩大,冷冻油的角色将继续不可或缺,确保冷冻系统平稳且有效率的运行,并为产业的整体成功做出贡献。

主要市场挑战

与石油处理和回收相关的问题

用过的冷冻油如果处理不当,可能会造成严重的环境后果。不当的处理和处置方法往往会导致土壤和水资源污染,对人类健康和生物多样性构成重大威胁。州和联邦层级对废润滑油处理的规定各不相同,凸显了适当管理对减轻环境影响的重要性。

此外,较旧的冰箱和冷冻库不仅含有用过的冷冻油,还含有消耗臭氧层的冷媒和/或发泡剂。这些物质为处置过程增加了另一层复杂性,需要专门处理。如果释放到大气中,这些消耗臭氧层物质会导致全球暖化和臭氧层消耗,加剧环境问题。

在循环经济的背景下,回收废冷冻油面临独特的挑战。虽然循环经济的目标是回收材料、减少浪费、促进循环利用,但冷冻油回收的实际过程是复杂的、资源密集的。它需要先进的技术和专门的设施来提取、纯化和重新精炼油以供再利用。此外,废油和石油生产的特点提出了需要解决的具体永续性问题。

为了满足对更高品质润滑油不断增长的需求,再精炼厂提高了废油再精炼能力。然而,他们面临着与石油成分、杂质以及再精炼过程的整体能源和资源需求相关的永续性挑战。这些考虑因素使得冷冻油的回收成为一个微妙且多方面的问题,需要认真关注以确保环境的可持续性。

主要市场趋势

过渡到低 GWP 冷媒

冷冻产业已逐渐从氢氯氟碳化合物(HCFC) 冷媒转向氢氟碳化合物(HFC) 冷媒,但现在它正在将重点转向低GWP 氢氟烯烃(HFO) 冷媒,作为更广泛推动永续发展和减少冷冻对环境影响的一部分系统。

低 GWP 冷媒,例如 CO2(或冷媒 R-744)、R-290(丙烷)等,作为更永续的替代品越来越受欢迎。与传统冷媒相比,这些冷媒导致全球暖化的可能性较低。

此外,全球不断变化的环境政策进一步鼓励向全球暖化潜力较低的冷媒过渡。因此,对低 GWP 冷媒的需求不断增加,进而推动了对相容润滑剂的需求。能够有效地与低 GWP 冷媒配合使用的润滑油对于确保冷气系统的高效运作至关重要。

专为低 GWP 冷媒设计的下一代冷气润滑油的开发工作已经在进行中。这些创新技术和产品正在塑造冷冻油市场的未来,使该产业能够适应持续的永续发展转变。

总之,向低 GWP 冷媒的过渡代表了全球冷冻油市场的重要趋势。随着这一趋势继续发展,在对更永续和更环保的解决方案的需求的推动下,市场预计将见证进一步的成长和创新。

细分市场洞察

类型洞察

从类型来看,2022年合成油领域将成为全球冷冻油市场的主导者。冷冻油的高稳定性和低挥发性已被证明是减少轻质馏分剥离发生的重要因素,从而推动了对合成冷冻油的需求。合成冷冻油不仅有助于在冷媒上形成厚厚的油膜,还能增强压缩机的保护,进而延长压缩机的保存期限。此外,厚油膜的形成可以实现更好的轴密封,减少轴承疲劳,并最大限度地降低压缩机零件的维护成本。由于这些优势,全球冷冻油市场对合成冷冻油的需求大幅成长。

应用洞察

预计冰箱和冰柜领域将在预测期内经历快速成长。增加对餐厅、咖啡馆、酒店和其他相关场所的投资是该领域成长的重要催化剂。例如,根据美国银行家协会(ABA)的预测,2020年冷冻食品、冰淇淋和烘焙产品的销售额预计将出现62.3%的惊人成长。此外,报告也强调,冷冻食品销售量激增44.3%,烘焙产品大幅成长48.9%。这些引人注目的数字表明全球市场对冷冻食品的需求不断增长,这反过来又有望推动全球冰箱和冰柜市场的成长。这一趋势反映了消费者偏好的不断变化以及方便食品在当今快节奏的生活方式中日益重要的意义。

区域洞察

2022年,亚太地区成为全球冷冻油市场的主导者,在价值和数量上都占据最大的市场份额。为该地区市场成长创造机会的重要因素是多方面的。首先,在特定温度下保存药物、药物和药用化学品的需求日益增长,因为这对于维持其有效性和确保患者安全至关重要。整个製药业对提供所需温度控制的冰箱的需求正在增加,从而促进了市场需求。

此外,汽车产业不断创新和发展也推动了市场扩张。随着汽车技术的进步,对车辆冷冻系统的需求不断增长,以安全运输食品和饮料等对温度敏感的货物。这为市场成长创造了有利的环境。

此外,工作人口的增加和食品工业的成长在推动市场扩张方面发挥着重要作用。随着劳动力数量的增加,对即食食品和方便食品的需求也随之增加,这需要适当的冷藏来储存和运输。这反过来又刺激了对冰箱的需求并促进了市场的成长。

最后,印度、中国和澳洲等新兴经济体的发展是市场成长的催化因素。这些国家正在经历快速的经济成长,导致可支配收入的增加和生活方式的改变。因此,对冷冻设备的需求更大,以支持不断扩大的食品和饮料行业以及不断增长的中产阶级人口。

总体而言,製药业对保温的需求不断增长、汽车行业对製冷的需求、食品行业的增长以及新兴经济体的发展共同推动了市场的上升轨迹。

目录

第 1 章:产品概述

  • 市场定义
  • 市场范围
    • 涵盖的市场
    • 考虑学习的年份
    • 主要市场区隔

第 2 章:研究方法

  • 研究目的
  • 基线方法
  • 主要产业伙伴
  • 主要协会和二手资料来源
  • 预测方法
  • 数据三角测量与验证
  • 假设和限制

第 3 章:执行摘要

  • 市场概况
  • 主要市场细分概述
  • 主要市场参与者概述
  • 重点地区/国家概况
  • 市场驱动因素、挑战、趋势概述

第四章:全球冷冻油市场展望

  • 市场规模及预测
    • 按价值和数量
  • 市占率及预测
    • 按类型(矿物油、合成油)
    • 按应用(空调、冰箱和冰柜、汽车空调系统、其他)
    • 按地区
    • 按公司划分 (2022)
  • 市场地图
    • 按类型
    • 按应用
    • 按地区

第五章:亚太地区冷冻油市场展望

  • 市场规模及预测
    • 按价值和数量
  • 市占率及预测
    • 按类型
    • 按应用
    • 按国家/地区
  • 亚太地区:国家分析
    • 中国冷冻油
    • 印度冷冻油
    • 澳洲冷冻油
    • 日本冷冻油
    • 韩国冷冻油

第 6 章:欧洲冷冻油市场展望

  • 市场规模及预测
    • 按价值和数量
  • 市占率及预测
    • 按类型
    • 按应用
    • 按国家/地区
  • 欧洲:国家分析
    • 法国
    • 德国
    • 西班牙
    • 义大利
    • 英国

第 7 章:北美冷冻油市场展望

  • 市场规模及预测
    • 按价值和数量
  • 市占率及预测
    • 按类型
    • 按应用
    • 按国家/地区
  • 北美:国家分析
    • 美国
    • 墨西哥
    • 加拿大

第 8 章:南美洲冷冻油市场展望

  • 市场规模及预测
    • 按价值和数量
  • 市占率及预测
    • 按类型
    • 按应用
    • 按国家/地区
  • 南美洲:国家分析
    • 巴西
    • 阿根廷
    • 哥伦比亚

第 9 章:中东和非洲冷冻油市场展望

  • 市场规模及预测
    • 按价值和数量
  • 市占率及预测
    • 按类型
    • 按应用
    • 按国家/地区
  • MEA:国家分析
    • 南非冷冻油
    • 沙乌地阿拉伯冷冻油
    • 阿联酋冷冻油
    • 埃及冷冻油

第 10 章:市场动态

  • 司机
  • 挑战

第 11 章:市场趋势与发展

  • 最近的发展
  • 产品发布
  • 併购

第 12 章:全球冷冻油市场:SWOT 分析

第 13 章:波特的五力分析

  • 产业竞争
  • 新进入者的潜力
  • 供应商的力量
  • 客户的力量
  • 替代产品的威胁

第14章:竞争格局

  • 埃尼奥斯控股公司
    • Business Overview
    • Company Snapshot
    • Products & Services
    • Current Capacity Analysis
    • Financials (In case of listed)
    • Recent Developments
    • SWOT Analysis
  • 出光兴产株式会社
  • 埃克森美孚公司
  • 荷兰皇家壳牌公司
  • 总能源SE
  • 雪佛龙公司
  • 江森自控国际股份有限公司
  • 科斯莫润滑油有限公司
  • 国家冷媒公司
  • 巴斯夫公司

第 15 章:策略建议

第 16 章:关于我们与免责声明

简介目录
Product Code: 2593

Global Refrigeration Oil Market has valued at USD1.25 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.32% through 2028. Lubrication of refrigeration compressors is of utmost importance for ensuring their optimal performance and efficiency. The type of refrigeration oil used plays a crucial role in determining the overall performance of the compressors. As refrigeration compressors operate under varying temperature conditions, the temperature inside the compressors tends to rise. Therefore, it becomes imperative to minimize and dissipate the heat generated by the compressors. To achieve this, refrigeration oils are used to disperse heat from various components of the compressor, such as compression chambers and valves, while also assisting in sealing. The demand for refrigeration oils that effectively dissipate heat from compressor components has been on the rise, thereby driving the growth of the global refrigeration oil market.

In refrigeration and freezer systems, air conditioners, and automotive air conditioning systems, the compression temperature can reach peak levels of up to 180ºC. The thermal and chemical stability of refrigeration oil plays a vital role in reducing the compression temperature, ensuring the proper functioning of air conditioners. Moreover, stringent environmental regulations have created new opportunities for the development of natural refrigeration oils, such as ammonia and carbon dioxide. This factor is expected to further fuel the growth of the global refrigeration oil market during the forecast period.

Refrigeration oils are gaining increasing importance and are being widely used in industrial heat pumps. Synthetic refrigeration oils are predominantly used in industrial compressors and heat pumps due to their superior efficiency compared to conventional oils. Furthermore, synthetic refrigeration oils are compatible with a wide range of refrigerants, including carbon dioxide and ammonia. Industrial refrigeration compressors, heat pumps, and low evaporators require the use of oils that effectively minimize heat generation, dissipate heat from the equipment, improve the lifespan of lubricant oils, and minimize shaft leakage. These factors have significantly contributed to the growing demand for refrigeration oil, driving the growth of the global market.

Market Overview
Forecast Period2024-2028
Market Size 2022USD 1.25 Billion
Market Size 2028USD 1.60 Billion
CAGR 2023-20284.32%
Fastest Growing SegmentAir Conditioner
Largest MarketAsia Pacific

However, it is important to note that the oxidation capability of refrigeration oils results in the need for periodic drain and oil replacement, which can increase routine maintenance costs. On the other hand, the high viscosity index of refrigeration oil helps in minimizing fluid temperature, thereby reducing the deposition of wax content on compressors and associated parts. This ensures the smooth operation of the equipment and its components. Moreover, the low traction coefficient of refrigeration oil is vital for improving system efficiency and reducing power consumption. These desirable properties make refrigeration oil widely used in compressors, further driving the growth of the global market. It is worth mentioning that certain refrigeration oils may pose environmental concerns, necessitating periodic oil drain and replacement.

In conclusion, the use of appropriate refrigeration oils is crucial for ensuring the efficient and reliable operation of refrigeration compressors and other related equipment. The global market for refrigeration oil is expected to witness significant growth due to the increasing demand for efficient heat dissipation, compatibility with diverse refrigerants, and the need for improved system efficiency in various industries.

Key Market Drivers

Growing Demand of Refrigeration Oil in Food & Beverage Industry

Refrigeration oil plays a pivotal role in the functionality of refrigeration systems. It ensures the smooth operation of compressors, which are the heart of refrigeration mechanisms, by providing necessary lubrication. This, in turn, leads to efficient cooling and ultimately, better preservation of food products.

The food and beverage industry heavily relies on refrigeration systems to preserve the quality and extend the shelf life of products. From storing raw materials to preserving prepared foods, refrigeration is integral at every step of the food processing chain. Consequently, the demand for refrigeration oil is intrinsically linked to the operation of the food and beverage industry.

The global food and beverage industry has been witnessing significant growth over the past few years. Factors such as rising population, urbanization, and changes in lifestyle have led to an increased demand for processed and packaged foods. These factors, coupled with stringent food safety regulations, have necessitated the expansion of cold storage facilities, and refrigerated transport, leading to an upswing in the demand for refrigeration oil.

Moreover, the growing trend of dining out and the surge in the number of restaurants and fast-food outlets have further fueled the demand for refrigeration systems, thereby propelling the refrigeration oil market. As consumers increasingly opt for convenience and ready-to-eat meals, the need for efficient refrigeration systems and reliable refrigeration oil becomes paramount.

With the continuous expansion of the food and beverage industry, the demand for refrigeration oil is expected to rise steadily. Advances in technology are likely to lead to the development of more efficient and environmentally friendly refrigeration systems, which will further drive the refrigeration oil market. Additionally, the industry's focus on sustainability and reducing carbon emissions will spur the demand for eco-friendly refrigeration oil alternatives.

In conclusion, the growing demand for refrigeration oil in the food and beverage industry is a significant driver of the global refrigeration oil market. As the industry continues to expand and evolve, the role of refrigeration oil is set to become even more crucial. With advancements in technology and a focus on sustainability, the market for refrigeration oil is poised for robust growth in the years to come.

Growing Demand of Refrigeration Oil in Healthcare Industry

Refrigeration oil plays a vital role in the smooth operation of refrigeration systems. It provides necessary lubrication for compressors, which are the heart of refrigeration mechanisms, ensuring efficient cooling. This is particularly important in the healthcare industry, where the effective preservation of critical items such as vaccines, medications, blood samples, and other biological materials heavily relies on refrigeration.

The healthcare industry's reliance on refrigeration systems is profound and encompasses a wide range of applications. From storing temperature-sensitive drugs and vaccines to preserving organ transplants, refrigeration is integral to numerous healthcare processes. As a result, the demand for refrigeration oil is intrinsically tied to the functionality of the healthcare industry.

The growth of the healthcare industry has been remarkable, driven by an escalating global population and the emergence of various diseases. This expansion has led to an increase in the number of hospitals, clinics, and research laboratories, all of which require refrigeration systems for various purposes. The need for efficient and reliable refrigeration solutions has become even more apparent in recent times, with health crises like the COVID-19 pandemic highlighting the importance of maintaining specific temperatures for the storage and transportation of vaccines.

Looking ahead, the demand for refrigeration oil in the healthcare industry is expected to rise steadily. Technological breakthroughs are likely to lead to the development of more efficient and environmentally friendly refrigeration systems, thereby further propelling the refrigeration oil market. As the healthcare sector continues to progress and evolve, the role of refrigeration oil is set to become even more critical, promising strong growth and opportunities for the market in the future.

In conclusion, the growing demand for refrigeration oil in the healthcare industry serves as a significant driver of the global refrigeration oil market. As healthcare advances and expands, the role of refrigeration oil will continue to be indispensable, ensuring the smooth and efficient operation of refrigeration systems and contributing to the overall success of the industry.

Key Market Challenges

Problems Associated with Oil Disposal and Recycling

Used refrigeration oil, if not disposed of properly, can have severe environmental consequences. Improper handling and disposal methods often result in contamination of soil and water resources, posing a significant threat to both human health and biodiversity. The regulation of used lubricating oil disposal varies at the state and federal level, highlighting the importance of proper management to mitigate environmental impacts.

Moreover, older refrigerators and freezers not only contain used refrigeration oil but also ozone-depleting refrigerants and/or foam blowing agents. These substances add another layer of complexity to the disposal process and require specialized handling. If released into the atmosphere, these ozone-depleting substances contribute to global warming and the depletion of the ozone layer, exacerbating environmental concerns.

In the context of the circular economy, recycling used refrigeration oil presents unique challenges. While the circular economy aims to recover materials, reduce waste, and promote recycling, the actual process of recycling refrigeration oil is complex and resource intensive. It requires advanced technologies and specialized facilities to extract, purify, and re-refine the oil for reuse. Furthermore, the characteristics of used oil and oil production pose specific sustainability issues that need to be addressed.

To meet the growing demand for higher-quality lubricants, re-refiners have increased their used oil re-refining capacity. However, they face sustainability challenges related to oil composition, impurities, and the overall energy and resource requirements of the re-refining process. These considerations make the recycling of refrigeration oil a nuanced and multifaceted issue that requires careful attention to ensure environmental sustainability.

Key Market Trends

Transition to Low-GWP Refrigerants

The refrigeration industry has been gradually transitioning from hydrochlorofluorocarbons (HCFCs) to hydrofluorocarbon (HFC) refrigerants, but now it is shifting its focus towards low-GWP hydrofluoroolefin (HFO) refrigerants as part of a broader push for sustainability and reducing the environmental impact of refrigeration systems.

Low-GWP refrigerants, such as CO2 (or refrigerant R-744), R-290 (propane), and others, are gaining popularity as more sustainable alternatives. These refrigerants have a lower potential for contributing to global warming compared to traditional refrigerants.

Moreover, the fluctuating environmental policies worldwide are further encouraging the transition to refrigerants with a lower global warming potential. Consequently, there is a rising demand for low-GWP refrigerants, which in turn drives the demand for compatible lubricants. Lubricants that can effectively work with low-GWP refrigerants are crucial to ensure the efficient operation of refrigeration systems.

The development of next-generation refrigeration lubricants specifically designed for low-GWP refrigerants is already underway. These innovative technologies and products are shaping the future of the refrigeration oil market, allowing the industry to adapt to the ongoing sustainability shift.

In conclusion, the transition to low-GWP refrigerants represents a significant trend in the global refrigeration oil market. As this trend continues to gain momentum, the market is expected to witness further growth and innovation, driven by the need for more sustainable and environmentally friendly solutions.

Segmental Insights

Type Insights

Based on the category of type, the synthetic oil segment emerged as the dominant player in the global market for Refrigeration Oil in 2022. The high stability and low volatility of refrigeration oil have proven to be significant factors in reducing the occurrence of light end stripping, thus driving the demand for synthetic refrigeration oil. Synthetic refrigeration oils not only contribute to the formation of a thick oil film on the refrigerant, but also enhance compressor protection, leading to an extended shelf life of the compressor. Moreover, the formation of a thick oil film enables better shaft sealing, reduces fatigue on bearings, and minimizes the maintenance cost of compressor parts. As a result of these advantages, the demand for synthetic refrigeration oils has witnessed a remarkable surge in the global refrigeration oil market.

Application Insights

The Refrigerator & Freezer segment is projected to experience rapid growth during the forecast period. Increasing investment in restaurants, cafes, hotels, and other related establishments is a significant catalyst for the growth of the segment. For example, according to the American Bankers Association (ABA), in 2020, the sales of frozen food, ice creams, and bakery products are projected to experience a staggering increase of 62.3%. Furthermore, the report highlights that frozen food sales have surged by 44.3%, while bakery products have witnessed a substantial growth of 48.9%. These remarkable figures indicate the rising demand for frozen food in the global market, which in turn is expected to fuel the growth of the refrigerator and freezers segment worldwide. This trend reflects the evolving consumer preferences and the increasing significance of convenience foods in today's fast-paced lifestyle.

Regional Insights

Asia Pacific emerged as the dominant player in the Global Refrigeration Oil Market in 2022, holding the largest market share in terms of both value and volume. The significant factors creating opportunities for market growth in the region are multi-faceted. Firstly, there is a growing need for preserving medications, drugs, and medicinal chemicals at specific temperatures, as this is crucial for maintaining their effectiveness and ensuring patient safety. The demand for refrigerators, which provide the required temperature control, is increasing across the pharmaceutical sector, thereby fostering the market demand.

Furthermore, the market expansion is also driven by rising innovation and development in the automotive industry. As automotive technologies advance, there is a growing demand for refrigeration systems in vehicles to safely transport temperature-sensitive goods, such as food and beverages. This creates a favorable environment for market growth.

Moreover, the increasing working population and the growth of the food industry play significant roles in driving market expansion. With a larger workforce, there is a higher demand for ready-to-eat meals and convenience foods, which require proper refrigeration for storage and transportation. This, in turn, fuels the demand for refrigerators and contributes to the market's growth.

Lastly, the development of emerging economies, such as India, China, and Australia, acts as catalyzing factors for market growth. These countries are experiencing rapid economic growth, leading to an increase in disposable income and changing lifestyles. As a result, there is a greater demand for refrigeration appliances to support the expanding food and beverage industry, as well as the rising middle-class population.

Overall, the combination of the growing need for temperature preservation in the pharmaceutical sector, the demand for refrigeration in the automotive industry, the growth of the food industry, and the development of emerging economies collectively contribute to the market's upward trajectory.

Key Market Players

  • Eneos Holdings Inc.
  • Idemitsu Kosan Co. Ltd
  • EXXONMOBIL CORPORATION
  • Royal Dutch Shell Plc
  • Total Energies SE
  • Chevron Corporation
  • Johnson Controls International plc
  • Cosmo Oil Lubricants Co., Ltd.
  • National Refrigerants, Inc.
  • BASF SE

Report Scope:

In this report, the Global Refrigeration Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Refrigeration Oil Market, By Type:

  • Mineral Oil
  • Synthetic Oil

Refrigeration Oil Market, By Application:

  • Air Conditioner
  • Refrigerator & Freezer
  • Automotive AC System
  • Others

Refrigeration Oil Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Turkey
  • Egypt

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Refrigeration Oil Market.

Available Customizations:

  • Global Refrigeration Oil Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
    • 1.2.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Overview of the Market
  • 3.2. Overview of Key Market Segmentations
  • 3.3. Overview of Key Market Players
  • 3.4. Overview of Key Regions/Countries
  • 3.5. Overview of Market Drivers, Challenges, Trends

4. Global Refrigeration Oil Market Outlook

  • 4.1. Market Size & Forecast
    • 4.1.1. By Value & Volume
  • 4.2. Market Share & Forecast
    • 4.2.1. By Type (Mineral Oil, Synthetic Oil)
    • 4.2.2. By Application (Air Conditioner, Refrigerator & Freezer, Automotive AC System, Others)
    • 4.2.3. By Region
    • 4.2.4. By Company (2022)
  • 4.3. Market Map
    • 4.3.1. By Type
    • 4.3.2. By Application
    • 4.3.3. By Region

5. Asia Pacific Refrigeration Oil Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value & Volume
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type
    • 5.2.2. By Application
    • 5.2.3. By Country
  • 5.3. Asia Pacific: Country Analysis
    • 5.3.1. China Refrigeration Oil Market Outlook
      • 5.3.1.1. Market Size & Forecast
        • 5.3.1.1.1. By Value & Volume
      • 5.3.1.2. Market Share & Forecast
        • 5.3.1.2.1. By Type
        • 5.3.1.2.2. By Application
    • 5.3.2. India Refrigeration Oil Market Outlook
      • 5.3.2.1. Market Size & Forecast
        • 5.3.2.1.1. By Value & Volume
      • 5.3.2.2. Market Share & Forecast
        • 5.3.2.2.1. By Type
        • 5.3.2.2.2. By Application
    • 5.3.3. Australia Refrigeration Oil Market Outlook
      • 5.3.3.1. Market Size & Forecast
        • 5.3.3.1.1. By Value & Volume
      • 5.3.3.2. Market Share & Forecast
        • 5.3.3.2.1. By Type
        • 5.3.3.2.2. By Application
    • 5.3.4. Japan Refrigeration Oil Market Outlook
      • 5.3.4.1. Market Size & Forecast
        • 5.3.4.1.1. By Value & Volume
      • 5.3.4.2. Market Share & Forecast
        • 5.3.4.2.1. By Type
        • 5.3.4.2.2. By Application
    • 5.3.5. South Korea Refrigeration Oil Market Outlook
      • 5.3.5.1. Market Size & Forecast
        • 5.3.5.1.1. By Value & Volume
      • 5.3.5.2. Market Share & Forecast
        • 5.3.5.2.1. By Type
        • 5.3.5.2.2. By Application

6. Europe Refrigeration Oil Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value & Volume
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type
    • 6.2.2. By Application
    • 6.2.3. By Country
  • 6.3. Europe: Country Analysis
    • 6.3.1. France Refrigeration Oil Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value & Volume
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Type
        • 6.3.1.2.2. By Application
    • 6.3.2. Germany Refrigeration Oil Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value & Volume
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Type
        • 6.3.2.2.2. By Application
    • 6.3.3. Spain Refrigeration Oil Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value & Volume
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Type
        • 6.3.3.2.2. By Application
    • 6.3.4. Italy Refrigeration Oil Market Outlook
      • 6.3.4.1. Market Size & Forecast
        • 6.3.4.1.1. By Value & Volume
      • 6.3.4.2. Market Share & Forecast
        • 6.3.4.2.1. By Type
        • 6.3.4.2.2. By Application
    • 6.3.5. United Kingdom Refrigeration Oil Market Outlook
      • 6.3.5.1. Market Size & Forecast
        • 6.3.5.1.1. By Value & Volume
      • 6.3.5.2. Market Share & Forecast
        • 6.3.5.2.1. By Type
        • 6.3.5.2.2. By Application

7. North America Refrigeration Oil Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value & Volume
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type
    • 7.2.2. By Application
    • 7.2.3. By Country
  • 7.3. North America: Country Analysis
    • 7.3.1. United States Refrigeration Oil Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value & Volume
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Type
        • 7.3.1.2.2. By Application
    • 7.3.2. Mexico Refrigeration Oil Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value & Volume
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Type
        • 7.3.2.2.2. By Application
    • 7.3.3. Canada Refrigeration Oil Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value & Volume
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Type
        • 7.3.3.2.2. By Application

8. South America Refrigeration Oil Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value & Volume
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Application
    • 8.2.3. By Country
  • 8.3. South America: Country Analysis
    • 8.3.1. Brazil Refrigeration Oil Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value & Volume
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Type
        • 8.3.1.2.2. By Application
    • 8.3.2. Argentina Refrigeration Oil Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value & Volume
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Type
        • 8.3.2.2.2. By Application
    • 8.3.3. Colombia Refrigeration Oil Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value & Volume
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Type
        • 8.3.3.2.2. By Application

9. Middle East and Africa Refrigeration Oil Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value & Volume
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Application
    • 9.2.3. By Country
  • 9.3. MEA: Country Analysis
    • 9.3.1. South Africa Refrigeration Oil Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value & Volume
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Type
        • 9.3.1.2.2. By Application
    • 9.3.2. Saudi Arabia Refrigeration Oil Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value & Volume
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Type
        • 9.3.2.2.2. By Application
    • 9.3.3. UAE Refrigeration Oil Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value & Volume
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Type
        • 9.3.3.2.2. By Application
    • 9.3.4. Egypt Refrigeration Oil Market Outlook
      • 9.3.4.1. Market Size & Forecast
        • 9.3.4.1.1. By Value & Volume
      • 9.3.4.2. Market Share & Forecast
        • 9.3.4.2.1. By Type
        • 9.3.4.2.2. By Application

10. Market Dynamics

  • 10.1. Drivers
  • 10.2. Challenges

11. Market Trends & Developments

  • 11.1. Recent Developments
  • 11.2. Product Launches
  • 11.3. Mergers & Acquisitions

12. Global Refrigeration Oil Market: SWOT Analysis

13. Porter's Five Forces Analysis

  • 13.1. Competition in the Industry
  • 13.2. Potential of New Entrants
  • 13.3. Power of Suppliers
  • 13.4. Power of Customers
  • 13.5. Threat of Substitute Product

14. Competitive Landscape

  • 14.1. Eneos Holdings Inc.
    • 14.1.1. Business Overview
    • 14.1.2. Company Snapshot
    • 14.1.3. Products & Services
    • 14.1.4. Current Capacity Analysis
    • 14.1.5. Financials (In case of listed)
    • 14.1.6. Recent Developments
    • 14.1.7. SWOT Analysis
  • 14.2. Idemitsu Kosan Co. Ltd
  • 14.3. EXXONMOBIL CORPORATION
  • 14.4. Royal Dutch Shell Plc
  • 14.5. Total Energies SE
  • 14.6. Chevron Corporation
  • 14.7. Johnson Controls International plc
  • 14.8. Cosmo Oil Lubricants Co., Ltd.
  • 14.9. National Refrigerants, Inc.
  • 14.10. BASF SE

15. Strategic Recommendations

16. About Us & Disclaimer