Refrigeration Oil Market Size, Share, Opportunities, And Trends By Type (Mineral Oil, Synthetic Oil, PAG, POE, Others), By Application (Air Conditioner, Refrigerator and Freezer, Automotive AC system), And By Geography - Forecasts From 2025 To 2030

Refrigeration Oil Market Size:

The Refrigeration Oil Market is expected to increase from USD 1.735 billion in 2025 to USD 2.178 billion in 2030, at a CAGR of 4.65%.

Refrigeration Oil Market Trends:

Rising demand for consumer appliances such as air conditioners and refrigerators due to increasing purchasing power and urbanization is one of the major drivers of the refrigeration oil market. Increasing global cold supply chain demand on account of growing global food and beverage and pharmaceutical industries is also positively impacting the growth of the refrigeration oil market. Rising demand for high-quality and low-viscosity refrigeration oil will further continue to propel the growth of the refrigeration oil market. However, stringent regulations regarding the limited use of fluorocarbon refrigerants are hindering the growth of the refrigeration oil market. Geographically, the refrigeration oil market is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

The Asia Pacific region is expected to witness the fastest regional refrigeration oil market growth during the projected period owing to increasing demand for processed food and beverage items in countries like China, India, and Australia. Moreover, the rising geriatric population in this region is also spurring the growth of the pharmaceuticals industry which, in turn, will augment the demand for refrigeration oils during the forecast period.

Refrigeration Oil Market Drivers:

• Increasing global cold supply chain demand
• Rising demand for high-quality refrigeration oil

Refrigeration Oil Market Restraint:

• Stringent regulations

The major players profiled in the Refrigeration Oil market include BASF SE, Shell Global, Total Lubmarine, Chevron, FUCHS, Sinopec Group, Exxon Mobil Corporation, Idemitsu Kosan Co., Ltd, The Lubrizol Corporation, and CAMCO Lubricants among others.

Segmentation

• By Type

  • Mineral Oil

  • Synthetic Oil

    • Polyalkylene Glycol (PAG)

    • Polyol Ester (POE)

    • Others

• By Application

  • Air Conditioners

  • Refrigerators & Freezers

  • Automotive AC Systems

  • Chillers & Heat Pumps

• By Geography

  • North America

    • USA

    • Canada

    • Mexico

  • South America

    • Brazil

    • Argentina

    • Others

  • Europe

    • United Kingdom

    • Germany

    • France

    • Spain

    • Others

  • Middle East and Africa

    • Saudi Arabia

    • UAE

    • Others

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Taiwan

    • Others

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