openPR Logo
Press release

Refrigeration Oil Market Forecast by Key Players: Royal Dutch Shell, ExxonMobil, PETRONAS, Chevron, Sinopec Group, FUCHS, Behr Hella Service GmbH, CAMCO Lubricants, Cosmo Oil Lubricants Co., Ltd

Refrigeration Oil Market Forecast by Key Players: Royal Dutch

Market Overview:
The refrigeration oil market has been segmented by product type into synthetic and mineral oil. The synthetic oil segment is further sub-segmented into polyolester, polyalkylene glycol, polyalphaolefin, alkyl benzene, polyvinylether, etc. The synthetic oil segment is expected to have a larger share attributable to compatibility of synthetic oils with refrigerant, high thermal stability, and enhanced chemical resistance in comparison to mineral oil.

Based on end user industries, global refrigeration oil market can be segmented into industrial, commercial and residential and others such as automobile, etc. Use of refrigerators freezers, chillers, and air conditioners in pharma research labs, R&D department of food & beverage, fine chemical industries are likely to witness a significant growth of industrial segment over the forecast period.

Request for an in-depth table of contents for this report @
https://www.gminsights.com/request-toc/upcoming/2788

Refrigeration Oil Market size is set to grow at a healthy CAGR from 2018 to 2025. Refrigeration oil is a high-temperature formulation of a mixture of oil and additives devised for usage in cooling systems. It acts as a lubricant in refrigeration compressors, derived from both mineral and synthetic oil in order to lubricate or reduce friction of metal parts and wear on the compressor. The product flows under high pressure to turn from liquid to vapor state to generate a cooling effect due to its special characteristics such as better chemical and thermal stability, low contamination, low pour point, high dielectric strength and viscosity.

The application areas of the product include refrigerators & freezers, air conditioners, coolers, chillers, condensers and others such as automotive AC systems, etc. The refrigerator & freezer segment will dominate the refrigeration oil market attributable to the growing demand for perishable food products due to the changing lifestyle of people in developed and developing regions. and growth in the trade of food products.

Request for customization of this report @
https://www.gminsights.com/roc/2788

Top key players:
The refrigeration oil market competitive landscape includes key players such as BASF SE, Royal Dutch Shell, ExxonMobil, PETRONAS, Chevron, Sinopec Group, FUCHS, Behr Hella Service GmbH, CAMCO Lubricants, Cosmo Oil Lubricants Co., Ltd., Indian Oil Corporation Ltd., Johnson Controls, National Refrigerants, Inc., Total S.A., Petro-Canada Lubricants Inc to name a few. Last year ExxonMobil Corporation has expanded new synthetic and grease production facility in Singapore to strengthen company’s flagship in lubricants segment. Singapore is being recognized as emerging market for lubricants.
Market share calculation in this report is not done based on companies covered in it. The calculation of refrigeration oil market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations:
The Asia-Pacific refrigeration oil market will witness high growth during the forecast period owing to the escalating demand for air conditioner, refrigerator, consumer appliances and automobiles in the markets of APAC, such as India and China. Furthermore, development of supermarkets, shopping complexes pharmaceutical industries coupled with growth in the cold storage, and frozen food sectors are some of the factors that make APAC an appealing market for refrigeration oil producers. Refrigeration oil market demand has been restricted in Europe due to stringent governmental regulations related to environmental concerns.

Based on refrigerant type, the global refrigeration oil market has been segmented into hydrocholoroflurocarbon (HCFCs), chlorofluorocarbon (CFCs), hydro fluorocarbon (HFCs), ammonia and others such as butane & Iso-butane, propane, etc. HFC, and ammonia is expected to grow at a faster pace as compared to others due to no greenhouse potential.

Browse Full Report @ https://www.gminsights.com/industry-analysis/refrigeration-oil-market

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/news

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Refrigeration Oil Market Forecast by Key Players: Royal Dutch Shell, ExxonMobil, PETRONAS, Chevron, Sinopec Group, FUCHS, Behr Hella Service GmbH, CAMCO Lubricants, Cosmo Oil Lubricants Co., Ltd here

News-ID: 1180511 • Views: 488

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Refrigeration

Finland Refrigeration Equipment Market Insights & Evaluation
The refrigeration equipment market in Finland has been analyzed and studied for a smart research report titled “Refrigeration Equipment (FINLAND)-Industry Report”, added to the broad database of Market Research Hub (MRH). This research study focuses on offering a wealth of information highlighting the financial trends over the past four years. Furthermore, the report is an intelligent source which delivers a comprehensive individual analysis covering the top 50 companies, such as
Global Commercial Refrigeration Market, 2025
IndexBox has just published a new report "World: Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Report. Analysis and Forecast to 2025" ( http://www.indexbox.co.uk/store/world-refrigerating-and-freezing-equipment-and-heat-pumps-except-household-type-equipment-market-report-analysis-and-forecast-to-2020/?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a
Commercial Refrigeration Equipment Market : Demand for Commercial Refrigeration …
Commercial refrigeration equipment are refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with a wide range of temperature control (typically from -18°C to +10°C). Commercial refrigerators are largely used for food and beverage storage and merchandising purposes. Commercial refrigeration equipment is expected to witness strong demand globally, especially due to growing frozen and processed food consumption. Commercial refrigeration equipment is commonly used at
Global Industrial Refrigeration Systems Market
Industrial Refrigeration Systems Market: Drivers and Restraints The wide applications of industrial refrigeration systems such as food processing, beverage production, chemical production etc. is the major driver for the growth of global industrial refrigeration systems market. The industrial refrigeration systems has a major role in maintaining the quality of the end product. The growing packed food industry in emerging clusters such as developing countries in APAC and Latin America is expected
Industrial Refrigeration Equipment Market-Witnessing Tremendous Growth
Latin America industrial refrigeration equipment market was valued at USD 431.8 million in 2012 and is expected to see growth at 6.5% CAGR from 2013 to 2019. Industrial refrigeration systems play crucial role in the business operations of companies across industries, such as food and beverage processing, cold storage warehousing, and chemical processing, among others, which require temperature controlled handling of raw materials, in-process materials, and finished goods. Maintaining temperature at
Refrigeration: Upright and True.
The new range of upright cabinets from True Refrigeration combines lower energy consumption, competitive pricing and the option of hydrocarbon refrigerant. The range also features a ground-breaking warranty that not only covers the whole cabinet for three years but also gives five years on the compressor. “Despite the increasing use of undercounters, uprights are still the UK’s most popular commercial cabinets in the quality refrigeration sector,” says