Global Market Size of Refrigeration Oil Market – 10 Year Market Forecast

Chemicals

Refrigeration Oil Market Size Forecast 2022-2029

The market size for the global refrigeration oil market is expected to reach a value of USD 1.07 billion in 2022 and USD 1.85 billion by 2029, at a CAGR of 8%. The cumulative market size is estimated at USD 13 billion over the forecast period of 2022 to 2029. Asia-Pacific is the biggest consumer market of refrigeration oil and is expected to generate the maximum market revenues. By type, synthetic oil is estimated to lead the market shares. Refrigeration oil is extensively used in refrigerator and freezer applications and also in automotive AC systems.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• ?Global market database is a market research and intelligence tool that provides secondary market information across various business units including refrigeration oil.
• What are the major drivers for the refrigeration oil market?

• Increase usage in refrigerator and freezer applications is one of the major drivers of the refrigeration oil market.
• What was the impact of COVID-19 on the refrigeration oil market?

• The refrigeration oil market was negatively impacted by the COVID-19 pandemic since it disrupted the supply and demand chain due to lockdown being imposed in several. countries
• Who are the key players in the refrigeration oil market?

• The key players in the refrigeration oil market are Eneos Holdings Inc, Idemitsu Kosan Co. Ltd, BASF SE, ExxonMobil Corporation etc.
• Which is the leading market segment of the refrigeration oil market?

• The APAC is the leading market segment of the refrigeration oils market.

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