Global Refrigeration Lubricant Market - Size, Outlook, Trends, and Forecasts (2018

Global Refrigeration Lubricant Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2024

Forecast Data Period

2025-2030

Historical Data Period

2018-2023

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Refrigeration Oils are polyolesters and are synthetic oils. Experts highly recommend using these polyolesters instead of the HFC’s (Hydrofluorocarbons). polyolestesrs are excellent solvents and dissolve many of the minerals from the oils being replaced. It is used as the additive to the engine oil for the automotive as its viscosity decreases with the temperature.

Global Refrigeration Lubricant market share:

The Global Refrigeration Lubricants Market is estimated to have USD 3230.87 million in 2018. It is likely to reach USD 3,895.57 million by 2024, at an estimated CAGR of 3.10%, over the forecast period of 2018 – 2024.
The automotive industry is the critical driver for this market across the world. Frozen food product demand has grown over time. Montreal protocol, commencement of new European F-Gases regulation will hinder the growth of this market.

Global Refrigeration Lubricant market size:

The process of lubrication plays a crucial role in refrigeration; it has to be maintained in a hermetic environment. The growth of automobile sector has impacted the growth of this industry; the

Global Refrigeration Lubricant Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Asia Pacific dominates this market, having the highest increase during the forecast period.

Global Refrigeration Lubricant market growth:

The global refrigerant market is becoming increasingly competitive, there are many market participants, and some of these are market leaders. There are many established companies in the refrigerants market such as Honeywell International Inc. (U.S.), Daikin Industries Ltd. (Japan), SRF Ltd. (India), and Arkema S.A. (France).

Global RefrigerationLubricant market industry analysis:

Base oil and its application divide this market. Mineral oil lubricants accounted for the highest share with 56% in 2017. The synthetic lubricant is said to be the fastest growing base oil type during the forecast period. Application basis air conditioning dominates the market with 76% of market share.

Global Refrigeration Lubricant market outlook:

Asia Pacific, North America, Europe, South America and Middle East & Africa is having the market. The Asia Pacific rules the regional market in 2017 with 38%, and it is likely to continue its dominance over the forecast period.

Global Refrigeration Lubricant market trends:

Feb 2017 – Parker Hannifin Corporation acquires ClarcorInc, a principal manufacturer of filtration products.

Global Refrigeration Lubricant market research report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Finding DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to find the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by the analyst to the individual and organisation to have a better foothold in the market.
IoT advancements have bought some reforms the in the manufacturing sector. Find the latest developments, market shares and strategies that are employed by the major market players, such as

Fuchs
Chevron Phillips Chemical Co. LLC
Royal Dutch Shell
Idemitsu Kosan
Parker Hannifin Corporation

the forecast period. Global

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Global Refrigeration Lubricant Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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