Refrigeration Oil Market Analysis, Evolving Opportunities Studied For The Period

SDKI Inc. published a new report on the frozen oil market. This study includes the statistical and analytical approaches needed to grow the frozen oil market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-109583

The refrigerated oil market is estimated to grow from a market value of US $ 1,243.6 million in 2022 to US $ 1,669.8 million by 2030, with a CAGR of 4.3% during the forecast period.

The growth of the freezing oil market is driven primarily by the high demand for home appliances and automobiles. Refrigerating machine oil is used to lubricate compressors and reduce friction on metal parts, reducing compressor wear on home appliances and automotive AC systems. Increased demand for frozen oils from the food and pharmaceutical industry, as well as increased demand for low GWP refrigerants, are other factors that are expected to drive the growth of the frozen oil market. In addition, the growing demand for low-viscosity, high-quality frozen oils may provide growth opportunities for the frozen oil market during the forecast period. However, strict regulations that limit the use of fluorocarbon refrigerants can curb market growth.

Market segment

The frozen oil market is divided by oil type (mineral oil, synthetic oil (polyolester (POE), polyalkylene glycol)), application (refrigerator / freezer, air conditioner, automobile AC system, aftermarket), and region. Will be done. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

The polyol ester (POE) subsegment is expected to be the fastest growing subsegment in the freezing oil market in terms of value.

Based on the type, synthetic oil segments are classified into polyol esters (POE) and polyalkylene glycols. The POE oil type subsegment is expected to achieve the highest growth in value during the forecast period. POE oil has high thermal stability and excellent wear performance. Its use in all of these applications is one of the key factors expected to drive the growth of this subsegment over the next few years.

Based on usage, the refrigerator / freezer segment is expected to become the fastest growing segment of the frozen oil market in terms of value during the forecast period.

The refrigerator / freezer segment is estimated to be the fastest growing application segment in terms of both value and quantity. Growth in this segment could be due to increased demand and manufacturing of refrigerators and freezers in the Asia Pacific region. The region accounts for more than two-thirds of the world's demand for refrigerators and freezers. This is mainly due to the urbanization and rapid industrialization of the region.

Regional Overview

The Asia Pacific region is expected to be the fastest growing region during the forecast period in terms of value and quantity. Increasing demand for home appliances and automobiles is expected to boost the growth of the freezing oil market in the region. In addition, population growth and rising disposable income in countries such as China and India are further accelerating the growth of the consumer electronics and automotive industries in the Asia-Pacific region. This is expected to drive the growth of the frozen oil market. In addition, growth in refrigerators and freezers, air conditioners, automotive AC systems, and aftermarket sales in the region is driving demand for frozen oils.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific); Latin America (Brazil, Mexico, Argentina, and other Latin). USA); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy, Spain) , Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Key Players in the Market

The key players in the frozen oil market are JXTG Group (Japan), BASF (Germany), Idemitsu Kosan Co. (Japan), Royal Dutch Shell (Netherlands), ExxonMobil (US), BP ( UK), PETRONAS (Malaysia), Chevron (US), Total (France), Sinopec Group (China), FUCHS (Germany), Johnson Controls (Ireland), Lubrizol (CPI Fluid Engineering Services) (US), Behr Hella Service GmbH (Germany), BVA, Inc. (USA), Calumet Specialty Products Partners, LP (USA), CAMCO Lubricants (USA), CITGO Petroleum Corporation (USA) and more. The study includes a detailed competitive analysis of these major companies in the freezing oil market, corporate profiles, recent developments, and key market strategies.

Detailed contents of the survey report
https://www.sdki.jp/reports/refrigeration-oil-market/109583

Contact Us

Hina Miyazu
15/F Cerulean Tower, 26-1 Sakuragaoka-cho
Tokyo, Shibuya-ku, Japan
+ 81345720790
sales@sdki.jp

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.