Refrigeration Oil Market Analysis with Impact of COVID-19 on Growth Opportunity by 2027

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Refrigeration Oil Market To Reach USD 14.63
Billion By 2026
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Market Summary
Rising demand from air conditioners and
refrigerators, increasing demand from
Asia-Pacific region due to rise in consumption of
frozen foods and consumer electronics, rise in
refrigeration systems for pharmaceuticals to
increase shelf life are key factors contributing
to high CAGR of global refrigeration oil market
during the forecast period. Market Size USD
10.28 Billion in 2018, Market Growth - CAGR of
4.5, Market Trends Product launches and
research for advanced Refrigeration oil Market
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Our Approach
Market Summary

• According to the current analysis of Reports and
  Data, the global Refrigeration Oil Market was
  valued at USD 10.28 Billion in 2018 and is
  expected to reach USD 14.63 Billion by year 2026,
  at a CAGR of 4.5. The global refrigeration oil
  market is majorly driven by the growing demand
  for consumer appliances such refrigerators and
  air conditioners. The technological advancements
  and changing lifestyles across the globe is an
  important factor positively influencing the
  refrigeration oil market growth. The other major
  drivers of the global refrigeration oil market
  include the high demand for refrigeration systems
  from food and pharmaceutical industries to
  increase the shelf life of the products. However,
  the limitation on the use of fluorocarbons due to
  the ozone depletion caused by them is a challenge
  to market growth. Nevertheless, the research and
  developments prevailing in the market are likely
  to drive the market growth refrigeration oil
  market. For instance, the U.S. Department of
  Energys (DOE) Building Technology Office (BTO),
  a part of the Office of Energy Efficiency and
  Renewable Energy, developed research and
  development (RD) opportunities for
  next-generation low global warming potential
  (GWP) refrigerants. In 2014, the North American
  countries of United States, Canada, and Mexico
  proposed a revision to the Montreal Protocol to
  reduce production and consumption of
  hydrofluorocarbon by 85 during the period of
  2016-2035 for Non-A5 (developed) countries.
  Furthermore, It is stated in the proposal of the
  A5 (developing) countries would reduce the
  production and consumption of HFC by 85 during
  the later years of 2025-2045. Moreover, in 2013,
  the European F-gas legislation was issued, which
  may help to reduce hydrofluorocarbon (HFC)
  consumption by 79 over the period 20162030.
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Our Approach
Market Summary

• Key participants include JXTG Holdings Inc., BASF
  SE, China Petrochemical Corporation, Shell
  Global, Exxon Mobil Corporation, Total, Meiwa
  Corporation, Indian Oil Corporation Ltd , Behr
  Hella Service Gmbh, Cosmo Oil Lubricants Co.
  Ltd., Calumet Specialty Products Partners, L.P.,
  Lubriplate Lubricants Company, Petronas,
  Petro-Canada Lubricants Inc., and Idemitsu Kosan
  Co.
• Segments covered in the report
• Product (Revenue in USD Million Volume in Tons,
  20162026)
• Mineral Oil
• Synthetic Oil
• Refrigerant Type (Revenue in USD Million Volume
  in Tons, 20162026)
• Hydro Chlorofluorocarbon
• Chlorofluorocarbon
• Hydro Fluorocarbon
• Ammonia
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  Report, Click _at_ https//www.reportsanddata.com/dis
  count-enquiry-form/1915

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Our Approach
Market Summary

• Application (Revenue in USD Million Volume in
  Tons, 20162026)
• Air Conditioners
• Coolers
• Chillers
• Refrigerators
• Condensers
• End-Use (Revenue in USD Million Volume in Tons,
  20162026)
• Residential,
• Commercial
• Industrial
• Major Geographies Covered in the Refrigeration
  Oil Market Report
• North America (U.S., Canada)
• Latin America (Chile, Brazil, Argentina, Rest of
  Latin America)
• Europe (U.K., Italy, Germany, France, Rest of
  EU)
• Asia Pacific (India, Japan, China, South Korea,
  Australia, Rest of APAC)
• Middle East Africa (Saudi Arabia, U.A.E.,
  South Africa, Rest of MEA)

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Our Approach
Market Summary

• Further key findings from the report suggest
• The refrigeration oil market is growing at a CAGR
  of 2 in Asia Pacific followed by North America
  and Europe, with 4.3 and 3.9 CAGR,
  respectively. The high refrigeration oil market
  across the globe is the key factor in
  accelerating market growth during the forecast
  period across all regions.
• Hydro chlorofluorocarbon has the highest market
  share of 35 in the global market.
• Hydro fluorocarbon is expected to be the
  fastest-growing market segment during forecast
  period 2019-2026 with a CAGR of 5.4.
• A refrigerator has the highest market share in
  refrigeration oil market of 41 and was valued at
  USD 4.21 billion and is expected to reach USD
  5.96 billion by 2026.
• Air conditioners have the highest market CAGR of
  5.7 in the global forecast period for
  refrigeration oil market.
• The Asia Pacific is expected to account for 30
  of the global refrigeration oil market.
  Developing nations including China and India are
  likely to witness high growth in the
  refrigeration oil market.
• Increasing high demand for refrigeration oil in
  the automotive sector for automotive air
  conditioning systems and consumer goods such as
  freezer, air conditioner, etc.
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  detail/refrigeration-oil-market

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Our Approach
About Us

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