Global Refrigeration Oil Market - Maharashtra - Pune ID1079549

Offering about 4 days ago - Bussiness Offer / Proposal - Pune

287,000

  • Global Refrigeration Oil Market - Maharashtra - Pune ID1079549
Details

Global Refrigeration Oil Market is expected to reach USD 1.36 Billion by 2024 from USD 1.02 Billion in 2016 at a CAGR of 4.2 %. Poultry and meat production continues to expand to meet the increasing worldwide demand, which in turn has increased the need for temperature control and industrial refrigeration. Dairy sector needs refrigeration in the manufacturing and storage of wide range of goods including butter, cheese, and milk. Immense requirement for the refrigeration in the food and beverages sector which, in turn, will augment the demand for the refrigeration oil market. Implementation of natural refrigerant improvement in energy effectiveness, increasing food processing sector in several developing countries, and rush in cold chain capability. These factor drives the refrigeration oil market. Synthetic oil segment accounted major share of market attributed to its better performance in extreme conditions, higher shear stability & viscosity index and improved chemical resistance in comparison to mineral oil. On the other hand, the mineral oil offers more benefits over the synthetic oil, which leads to its use as a thermal fluid in mechanical and industrial applications. Refrigerator & freezer application segment is about to gain growth due to increasing demand for packaged food products while, air conditioner leads the market.

https://www.maximizemarketresearch .com/market-report/global-refrigeration-oil-market /4509/

Geographically, the refrigeration oil market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia pacific dominates the market led by increasing demand of consumer appliances, such as refrigerators, freezers, and air conditioners and automobiles in the region. Scope of the Report:

Refrigeration Oil Market, by Oil Type:

• Mineral Oil • Synthetic Oil

Refrigeration Oil Market, by Application

• Refrigerator & Freezer • Automotive AC System • Air Conditioner • Aftermarket

Refrigeration Oil Market, by Geography:

• North America • Europe • Asia Pacific • Middle East & Africa • Latin America Key Players Profiled in the Report: • JXTG Group (Japan) • BASF (Germany) • Idemitsu Kosan Co. (Japan) • Royal Dutch Shell (Netherlands) • ExxonMobil (US) • BP (UK) • PETRONAS (Malaysia)


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