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市場調查報告書
商品編碼
1379936

冷凍油市場 - 2018-2028 年全球產業規模、佔有率、趨勢、機會與預測，按類型、按應用、地區和競爭細分

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個工作天內

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簡介目錄

2022 年全球冷凍油市場價值為 12.5 億美元，預計到 2028 年預測期內將實現強勁成長，複合CAGR為 4.32%。製冷壓縮機的潤滑對於確保其最佳性能和效率至關重要。所使用的冷凍油類型對於確定壓縮機的整體性能起著至關重要的作用。由於冷凍壓縮機在不同的溫度條件下運行，壓縮機內部的溫度往往會升高。因此，必須最大限度地減少和散發壓縮機產生的熱量。為了實現這一目標，冷凍油用於散發壓縮機各個部件（例如壓縮室和閥門）的熱量，同時也有助於密封。對有效散發壓縮機零件熱量的冷凍油的需求一直在上升，從而推動了全球冷凍油市場的成長。

在冷凍和冷凍系統、空調和汽車空調系統中，壓縮溫度可達到高達 180°C 的峰值水平。冷凍油的熱穩定性和化學穩定性對於降低壓縮溫度、確保空調的正常運作起著至關重要的作用。此外，嚴格的環境法規為氨和二氧化碳等天然冷凍油的發展創造了新的機會。預計這一因素將在預測期內進一步推動全球冷凍油市場的成長。

冷凍油變得越來越重要，並廣泛用於工業熱泵。與傳統油相比，合成冷凍油具有卓越的效率，主要用於工業壓縮機和熱泵。此外，合成冷凍油與多種冷媒相容，包括二氧化碳和氨。工業製冷壓縮機、熱泵和低蒸發器需要使用能夠有效減少熱量產生、散發設備熱量、提高潤滑油壽命並最大限度地減少軸洩漏的油。這些因素極大地促進了冷凍油需求的成長，推動了全球市場的成長。

市場概況
預測期 2024-2028
2022 年市場規模 12.5億美元
2028 年市場規模 16億美元
2023-2028 年CAGR 4.32%
成長最快的細分市場 冷氣機
最大的市場 亞太地區

但要注意的是，冷凍機油的氧化能力導致需要定期排水和換油，這會增加日常維護成本。另一方面，冷凍油的高黏度指數有助於最大限度地降低流體溫度，從而減少壓縮機和相關零件上蠟含量的沉積。這確保了設備及其部件的平穩運作。而且，冷凍油的低牽引係數對於提高系統效率、降低電耗至關重要。這些理想的特性使冷凍油廣泛應用於壓縮機，進一步推動全球市場的成長。值得一提的是，某些冷凍油可能會造成環境問題，需要定期排油和更換。

主要市場促進因素

食品飲料業冷凍油需求不斷成長

冷凍油在冷凍系統的功能中起著至關重要的作用。它透過提供必要的潤滑來確保壓縮機（冷凍機構的核心）平穩運作。這反過來又可以實現高效冷卻，並最終更好地保存食品。

食品和飲料行業嚴重依賴製冷系統來維持產品品質並延長產品保存期限。從儲存原料到保存預製食品，冷藏是食品加工鏈每一步不可或缺的一部分。因此，冷凍油的需求與食品飲料產業的運作有著內在的關聯。

全球食品和飲料行業在過去幾年中取得了顯著成長。人口成長、都市化和生活方式改變等因素導致對加工和包裝食品的需求增加。這些因素，加上嚴格的食品安全法規，需要擴大冷藏設施和冷藏運輸，導致對冷凍油的需求上升。

此外，外食的成長以及餐廳和快餐店數量的激增進一步刺激了對冷凍系統的需求，從而推動了冷凍油市場的發展。隨著消費者擴大選擇方便和即食食品，對高效製冷系統和可靠冷凍油的需求變得至關重要。

隨著食品飲料行業的不斷擴張，冷凍油的需求預計將穩定上升。技術的進步可能會導致更有效率、更環保的冷凍系統的發展，這將進一步推動冷凍油市場的發展。此外，該行業對永續發展和減少碳排放的關注將刺激對環保冷凍油替代品的需求。

總之，食品和飲料產業對冷凍油的需求不斷成長是全球冷凍油市場的重要驅動力。隨著產業的不斷擴大和發展，冷凍油的作用將變得更加重要。隨著技術的進步和對永續性的關注，冷凍油市場將在未來幾年實現強勁成長。

醫療保健產業冷凍油需求不斷成長

冷凍油對於冷凍系統的平穩運作起著至關重要的作用。它為製冷機構的核心壓縮機提供必要的潤滑，確保高效冷卻。這在醫療保健行業尤其重要，因為疫苗、藥物、血液樣本和其他生物材料等關鍵物品的有效保存在很大程度上依賴冷藏。

醫療保健行業對製冷系統的依賴是深遠的，並且涵蓋廣泛的應用。從儲存對溫度敏感的藥物和疫苗到保存器官移植物，冷藏是許多醫療保健過程中不可或缺的一部分。因此，冷凍油的需求與醫療保健產業的功能有著本質上的關聯。

在全球人口不斷增加和各種疾病出現的推動下，醫療保健產業的成長非常顯著。這種擴張導致醫院、診所和研究實驗室數量的增加，所有這些都需要用於各種目的的冷凍系統。近年來，隨著 COVID-19 大流行等健康危機凸顯了維持疫苗儲存和運輸特定溫度的重要性，對高效、可靠的冷凍解決方案的需求變得更加明顯。

展望未來，醫療產業冷凍油需求預計將穩定上升。技術突破可能導致更有效率、更環保的冷凍系統的開發，從而進一步推動冷凍油市場的發展。隨著醫療保健產業的不斷進步和發展，冷凍油的角色將變得更加重要，這預示著未來市場的強勁成長和機會。

總之，醫療保健產業對冷凍油的需求不斷成長是全球冷凍油市場的重要驅動力。隨著醫療保健的進步和擴大，冷凍油的角色將繼續不可或缺，確保冷凍系統平穩且有效率的運行，並為產業的整體成功做出貢獻。

主要市場挑戰

與石油處理和回收相關的問題

用過的冷凍油如果處理不當，可能會造成嚴重的環境後果。不當的處理和處置方法往往會導致土壤和水資源污染，對人類健康和生物多樣性構成重大威脅。州和聯邦層級對廢潤滑油處理的規定各不相同，凸顯了適當管理對減輕環境影響的重要性。

此外，較舊的冰箱和冷凍庫不僅含有用過的冷凍油，還含有消耗臭氧層的冷媒和/或發泡劑。這些物質為處置過程增加了另一層複雜性，需要專門處理。如果釋放到大氣中，這些消耗臭氧層物質會導致全球暖化和臭氧層消耗，加劇環境問題。

在循環經濟的背景下，回收廢冷凍油面臨獨特的挑戰。雖然循環經濟的目標是回收材料、減少浪費、促進循環利用，但冷凍油回收的實際過程是複雜的、資源密集的。它需要先進的技術和專門的設施來提取、純化和重新精煉油以供再利用。此外，廢油和石油生產的特點提出了需要解決的具體永續性問題。

為了滿足對更高品質潤滑油不斷成長的需求，再精煉廠提高了廢油再精煉能力。然而，他們面臨著與石油成分、雜質以及再精煉過程的整體能源和資源需求相關的永續性挑戰。這些考慮因素使得冷凍油的回收成為一個微妙且多方面的問題，需要認真關注以確保環境的永續性。

主要市場趨勢

過渡到低 GWP 冷媒

冷凍產業已逐漸從氫氯氟碳化合物(HCFC) 冷媒轉向氫氟碳化合物(HFC) 冷媒，但現在它正在將重點轉向低GWP 氫氟烯烴(HFO) 冷媒，作為更廣泛推動永續發展和減少冷凍對環境影響的一部分系統。

低 GWP 冷媒，例如 CO2（或冷媒 R-744）、R-290（丙烷）等，作為更永續的替代品越來越受歡迎。與傳統冷媒相比，這些冷媒導致全球暖化的可能性較低。

此外，全球不斷變化的環境政策進一步鼓勵向全球暖化潛力較低的冷媒過渡。因此，對低 GWP 冷媒的需求不斷增加，進而推動了對相容潤滑劑的需求。能夠有效地與低 GWP 冷媒配合使用的潤滑油對於確保冷氣系統的高效運作至關重要。

專為低 GWP 冷媒設計的下一代冷氣潤滑油的開發工作已經在進行中。這些創新技術和產品正在塑造冷凍油市場的未來，使該產業能夠適應持續的永續發展轉變。

總之，向低 GWP 冷媒的過渡代表了全球冷凍油市場的重要趨勢。隨著這一趨勢繼續發展，在對更永續和更環保的解決方案的需求的推動下，市場預計將見證進一步的成長和創新。

細分市場洞察

類型洞察

從類型來看，2022年合成油領域將成為全球冷凍油市場的主導者。冷凍油的高穩定性和低揮發性已被證明是減少輕質餾分剝離發生的重要因素，從而推動了對合成冷凍油的需求。合成冷凍油不僅有助於在冷媒上形成厚厚的油膜，還能增強壓縮機的保護，進而延長壓縮機的保存期限。此外，厚油膜的形成可以實現更好的軸密封，減少軸承疲勞，並最大限度地降低壓縮機零件的維護成本。由於這些優勢，全球冷凍油市場對合成冷凍油的需求大幅成長。

應用洞察

預計冰箱和冰櫃領域將在預測期內經歷快速成長。增加對餐廳、咖啡館、酒店和其他相關場所的投資是該領域成長的重要催化劑。例如，根據美國銀行家協會（ABA）的預測，2020年冷凍食品、冰淇淋和烘焙產品的銷售額預計將出現62.3%的驚人成長。此外，報告也強調，冷凍食品銷售量激增44.3%，烘焙產品大幅成長48.9%。這些引人注目的數字表明全球市場對冷凍食品的需求不斷成長，這反過來又有望推動全球冰箱和冰櫃市場的成長。這一趨勢反映了消費者偏好的不斷變化以及簡便食品在當今快節奏的生活方式中日益重要的意義。

區域洞察

2022年，亞太地區成為全球冷凍油市場的主導者，在價值和數量上都佔據最大的市場佔有率。為該地區市場成長創造機會的重要因素是多方面的。首先，在特定溫度下保存藥物、藥物和藥用化學品的需求日益成長，因為這對於維持其有效性和確保患者安全至關重要。整個製藥業對提供所需溫度控制的冰箱的需求正在增加，從而促進了市場需求。

此外，汽車產業不斷創新和發展也推動了市場擴張。隨著汽車技術的進步，對車輛冷凍系統的需求不斷成長，以安全運輸食品和飲料等對溫度敏感的貨物。這為市場成長創造了有利的環境。

此外，工作人口的增加和食品工業的成長在推動市場擴張方面發揮著重要作用。隨著勞動力數量的增加，對即食食品和簡便食品的需求也隨之增加，這需要適當的冷藏來儲存和運輸。這反過來又刺激了對冰箱的需求並促進了市場的成長。

最後，印度、中國和澳洲等新興經濟體的發展是市場成長的催化因素。這些國家正在經歷快速的經濟成長，導致可支配收入的增加和生活方式的改變。因此，對冷凍設備的需求更大，以支持不斷擴大的食品和飲料行業以及不斷成長的中產階級人口。

總體而言，製藥業對保溫的需求不斷成長、汽車行業對製冷的需求、食品行業的成長以及新興經濟體的發展共同推動了市場的上升軌跡。

目錄

第 1 章：產品概述

  • 市場定義
  • 市場範圍
    • 涵蓋的市場
    • 研究年份
    • 主要市場區隔

第 2 章：研究方法

  • 研究目的
  • 基線方法
  • 主要產業夥伴
  • 主要協會和二手資料來源
  • 預測方法
  • 數據三角測量與驗證
  • 假設和限制

第 3 章：執行摘要

  • 市場概況
  • 主要市場細分概述
  • 主要市場參與者概述
  • 重點地區/國家概況
  • 市場促進因素、挑戰、趨勢概述

第四章：全球冷凍油市場展望

  • 市場規模及預測
    • 按價值和數量
  • 市佔率及預測
    • 按類型（礦物油、合成油）
    • 按應用（空調、冰箱和冰櫃、汽車空調系統、其他）
    • 按地區
    • 按公司分類 (2022)
  • 市場地圖
    • 按類型
    • 按應用
    • 按地區

第五章：亞太地區冷凍油市場展望

  • 市場規模及預測
    • 按價值和數量
  • 市佔率及預測
    • 按類型
    • 按應用
    • 按國家/地區
  • 亞太地區：國家分析
    • 中國冷凍油
    • 印度冷凍油
    • 澳洲冷凍油
    • 日本冷凍油
    • 韓國冷凍油

第 6 章：歐洲冷凍油市場展望

  • 市場規模及預測
    • 按價值和數量
  • 市佔率及預測
    • 按類型
    • 按應用
    • 按國家/地區
  • 歐洲：國家分析
    • 法國
    • 德國
    • 西班牙
    • 義大利
    • 英國

第 7 章：北美冷凍油市場展望

  • 市場規模及預測
    • 按價值和數量
  • 市佔率及預測
    • 按類型
    • 按應用
    • 按國家/地區
  • 北美：國家分析
    • 美國
    • 墨西哥
    • 加拿大

第 8 章：南美洲冷凍油市場展望

  • 市場規模及預測
    • 按價值和數量
  • 市佔率及預測
    • 按類型
    • 按應用
    • 按國家/地區
  • 南美洲：國家分析
    • 巴西
    • 阿根廷
    • 哥倫比亞

第 9 章：中東和非洲冷凍油市場展望

  • 市場規模及預測
    • 按價值和數量
  • 市佔率及預測
    • 按類型
    • 按應用
    • 按國家/地區
  • MEA：國家分析
    • 南非冷凍油
    • 沙烏地阿拉伯冷凍油
    • 阿拉伯聯合大公國冷凍油
    • 埃及冷凍油

第 10 章：市場動態

  • 促進要素
  • 挑戰

第 11 章：市場趨勢與發展

  • 最近的發展
  • 產品發布
  • 併購

第 12 章：全球冷凍油市場：SWOT 分析

第 13 章：波特的五力分析

  • 產業競爭
  • 新進入者的潛力
  • 供應商的力量
  • 客戶的力量
  • 替代產品的威脅

第14章：競爭格局

  • 埃尼奧斯控股公司
    • Business Overview
    • Company Snapshot
    • Products & Services
    • Current Capacity Analysis
    • Financials (In case of listed)
    • Recent Developments
    • SWOT Analysis
  • 出光興產株式會社
  • 埃克森美孚公司
  • 荷蘭皇家殼牌公司
  • 總能源SE
  • 雪佛龍公司
  • 江森自控國際股份有限公司
  • 科斯莫潤滑油有限公司
  • 國家冷媒公司
  • 巴斯夫公司

第 15 章：策略建議

第 16 章：關於我們與免責聲明

簡介目錄
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