Refrigerant Oil Market Developments by 2031
Refrigerant oils are used to reduce friction between moving parts in the refrigerator. They are used to lubricate the components in refrigerator compressors, air conditioners, chillers, and coolers. Refrigerant oils significantly reduce the wear and tear of the compressor components and extend its durability. Synthetic and mineral oils that are compatible with the refrigerant are used as refrigerant oils. Besides reducing friction, refrigerant oils are also responsible for dissipating and carrying away the heat.
MARKET DYNAMICS
The ubiquitous applications of heating, ventilation, air conditioning, and refrigeration in various end-use industries has led to significant consumption of lubricants and refrigerant oils. The burgeoning applications of airconditioning in industries, manufacturing facilities, malls, hospitals, IT parks, and public buildings have created considerable demand for refrigerant oils. Oil changing and maintenance of old refrigeration systems are also anticipated to create significant demand for refrigerant oils in the forecast period. In recent years, refrigerant oil manufacturers are paying more focus on developing lubricant oils and additives to improve compressor and heat transfer efficiency. Several manufacturers around the world are incorporating nanoparticles in the refrigerant oils to improve heat transfer efficiency. The current trend of using refrigerant additives containing activated polar molecules that display a strong affinity towards metals. These additives ensure a thin lubricating layer on the surfaces of compressors subjected to friction. It has been known to improve the heat transfer efficiency in compressors. The innovation and research and development activites in the field of refrigerant oils are anticipated to lead to development of refrigerant oils with enhanced lubricating properties.
MARKET SCOPE
The "Global Refrigerant Oil Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the refrigerant oil market with detailed market segmentation by material, type, end-user industry, and geography. The global refrigerant oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading refrigerant oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global refrigerant oil market is segmented on the basis of type, refrigerant type, application, and end-use industry. On the basis of type, the refrigerant oil market is segmented into, polyolester oil (poe), polyalkylene glycol (pag), polyalphaolefin (pao), polyvinyl ether oil (pve), mineral oil, alkyl benzene oil, others. On the basis of refrigerant type, the market is bifurcated into, chlorofluorocarbon (CFC), hydro-chlorofluorocarbon (HCFC), hydrofluoro carbon (HFC), ammonia, HFO, butane and iso butane, propane, and others. Based on application, the global refrigerant oil market is segmented into, coolers, air conditioners, chillers, condensers, refrigerators, and others. On the basis of end-use industry, the market is bifurcated into commercial, household, automobile, and industrial.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global refrigerant oil market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The refrigerant oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the refrigerant oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the refrigerant oil market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global refrigerant oil market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The refrigerant oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the refrigerant oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the refrigerant oil market in these regions.
MARKET PLAYERS
The reports cover key developments in the refrigerant oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from refrigerant oil market are anticipated to lucrative growth opportunities in the future with the rising demand for refrigerant oil in the global market. Below mentioned is the list of few companies engaged in the refrigerant oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the refrigerant oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- BP Plc
- China Petrochemical Corporation
- Exxonmobil Corporation
- FUCHS PETROLUB SE
- Idemitsu Kosan Co., Ltd.
- Petroliam Nasional Berhad
- Royal Dutch Shell Plc
- The Lubrizol Corporation
- Total S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Refrigerant Oil Market - By Type
1.3.2 Refrigerant Oil Market - By Refrigerant Type
1.3.3 Refrigerant Oil Market - By Application
1.3.4 Refrigerant Oil Market - By End-Use Industry
1.3.5 Refrigerant Oil Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. REFRIGERANT OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. REFRIGERANT OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. REFRIGERANT OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. REFRIGERANT OIL - GLOBAL MARKET OVERVIEW
6.2. REFRIGERANT OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. REFRIGERANT OIL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYOLESTER OIL (POE)
7.3.1. Overview
7.3.2. Polyolester oil (POE) Market Forecast and Analysis
7.4. POLYALKYLENE GLYCOL (PAG)
7.4.1. Overview
7.4.2. Polyalkylene glycol (PAG) Market Forecast and Analysis
7.5. POLYALPHAOLEFIN (PAO)
7.5.1. Overview
7.5.2. Polyalphaolefin (PAO) Market Forecast and Analysis
7.6. POLYVINYL ETHER OIL (PVE)
7.6.1. Overview
7.6.2. Polyvinyl Ether Oil (PVE) Market Forecast and Analysis
7.7. MINERAL OIL
7.7.1. Overview
7.7.2. Mineral Oil Market Forecast and Analysis
7.8. ALKYL BENZENE OIL
7.8.1. Overview
7.8.2. Alkyl Benzene Oil Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. REFRIGERANT OIL MARKET - REVENUE AND FORECASTS TO 2028 - REFRIGERANT TYPE
8.1. OVERVIEW
8.2. REFRIGERANT TYPE MARKET FORECASTS AND ANALYSIS
8.3. CHLOROFLUOROCARBON (CFC)
8.3.1. Overview
8.3.2. Chlorofluorocarbon (CFC) Market Forecast and Analysis
8.4. HYDRO-CHLOROFLUOROCARBON (HCFC)
8.4.1. Overview
8.4.2. Hydro-chlorofluorocarbon (HCFC) Market Forecast and Analysis
8.5. HYDROFLUORO CARBON (HFC)
8.5.1. Overview
8.5.2. Hydrofluoro Carbon (HFC) Market Forecast and Analysis
8.6. AMMONIA
8.6.1. Overview
8.6.2. Ammonia Market Forecast and Analysis
8.7. HFO
8.7.1. Overview
8.7.2. HFO Market Forecast and Analysis
8.8. BUTANE AND ISO BUTANE
8.8.1. Overview
8.8.2. Butane and Iso Butane Market Forecast and Analysis
8.9. PROPANE
8.9.1. Overview
8.9.2. Propane Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. REFRIGERANT OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. COOLERS
9.3.1. Overview
9.3.2. Coolers Market Forecast and Analysis
9.4. AIR CONDITIONERS
9.4.1. Overview
9.4.2. Air conditioners Market Forecast and Analysis
9.5. CHILLERS
9.5.1. Overview
9.5.2. Chillers Market Forecast and Analysis
9.6. CONDENSERS
9.6.1. Overview
9.6.2. Condensers Market Forecast and Analysis
9.7. REFRIGERATORS
9.7.1. Overview
9.7.2. Refrigerators Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. REFRIGERANT OIL MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
10.1. OVERVIEW
10.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
10.3. COMMERCIAL
10.3.1. Overview
10.3.2. Commercial Market Forecast and Analysis
10.4. HOUSEHOLD
10.4.1. Overview
10.4.2. Household Market Forecast and Analysis
10.5. AUTOMOBILE
10.5.1. Overview
10.5.2. Automobile Market Forecast and Analysis
10.6. INDUSTRIAL
10.6.1. Overview
10.6.2. Industrial Market Forecast and Analysis
11. REFRIGERANT OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Refrigerant Oil Market Overview
11.1.2 North America Refrigerant Oil Market Forecasts and Analysis
11.1.3 North America Refrigerant Oil Market Forecasts and Analysis - By Type
11.1.4 North America Refrigerant Oil Market Forecasts and Analysis - By Refrigerant Type
11.1.5 North America Refrigerant Oil Market Forecasts and Analysis - By Application
11.1.6 North America Refrigerant Oil Market Forecasts and Analysis - By End-Use Industry
11.1.7 North America Refrigerant Oil Market Forecasts and Analysis - By Countries
11.1.7.1 United States Refrigerant Oil Market
11.1.7.1.1 United States Refrigerant Oil Market by Type
11.1.7.1.2 United States Refrigerant Oil Market by Refrigerant Type
11.1.7.1.3 United States Refrigerant Oil Market by Application
11.1.7.1.4 United States Refrigerant Oil Market by End-Use Industry
11.1.7.2 Canada Refrigerant Oil Market
11.1.7.2.1 Canada Refrigerant Oil Market by Type
11.1.7.2.2 Canada Refrigerant Oil Market by Refrigerant Type
11.1.7.2.3 Canada Refrigerant Oil Market by Application
11.1.7.2.4 Canada Refrigerant Oil Market by End-Use Industry
11.1.7.3 Mexico Refrigerant Oil Market
11.1.7.3.1 Mexico Refrigerant Oil Market by Type
11.1.7.3.2 Mexico Refrigerant Oil Market by Refrigerant Type
11.1.7.3.3 Mexico Refrigerant Oil Market by Application
11.1.7.3.4 Mexico Refrigerant Oil Market by End-Use Industry
11.2. EUROPE
11.2.1 Europe Refrigerant Oil Market Overview
11.2.2 Europe Refrigerant Oil Market Forecasts and Analysis
11.2.3 Europe Refrigerant Oil Market Forecasts and Analysis - By Type
11.2.4 Europe Refrigerant Oil Market Forecasts and Analysis - By Refrigerant Type
11.2.5 Europe Refrigerant Oil Market Forecasts and Analysis - By Application
11.2.6 Europe Refrigerant Oil Market Forecasts and Analysis - By End-Use Industry
11.2.7 Europe Refrigerant Oil Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Refrigerant Oil Market
11.2.7.1.1 Germany Refrigerant Oil Market by Type
11.2.7.1.2 Germany Refrigerant Oil Market by Refrigerant Type
11.2.7.1.3 Germany Refrigerant Oil Market by Application
11.2.7.1.4 Germany Refrigerant Oil Market by End-Use Industry
11.2.7.2 France Refrigerant Oil Market
11.2.7.2.1 France Refrigerant Oil Market by Type
11.2.7.2.2 France Refrigerant Oil Market by Refrigerant Type
11.2.7.2.3 France Refrigerant Oil Market by Application
11.2.7.2.4 France Refrigerant Oil Market by End-Use Industry
11.2.7.3 Italy Refrigerant Oil Market
11.2.7.3.1 Italy Refrigerant Oil Market by Type
11.2.7.3.2 Italy Refrigerant Oil Market by Refrigerant Type
11.2.7.3.3 Italy Refrigerant Oil Market by Application
11.2.7.3.4 Italy Refrigerant Oil Market by End-Use Industry
11.2.7.4 United Kingdom Refrigerant Oil Market
11.2.7.4.1 United Kingdom Refrigerant Oil Market by Type
11.2.7.4.2 United Kingdom Refrigerant Oil Market by Refrigerant Type
11.2.7.4.3 United Kingdom Refrigerant Oil Market by Application
11.2.7.4.4 United Kingdom Refrigerant Oil Market by End-Use Industry
11.2.7.5 Russia Refrigerant Oil Market
11.2.7.5.1 Russia Refrigerant Oil Market by Type
11.2.7.5.2 Russia Refrigerant Oil Market by Refrigerant Type
11.2.7.5.3 Russia Refrigerant Oil Market by Application
11.2.7.5.4 Russia Refrigerant Oil Market by End-Use Industry
11.2.7.6 Rest of Europe Refrigerant Oil Market
11.2.7.6.1 Rest of Europe Refrigerant Oil Market by Type
11.2.7.6.2 Rest of Europe Refrigerant Oil Market by Refrigerant Type
11.2.7.6.3 Rest of Europe Refrigerant Oil Market by Application
11.2.7.6.4 Rest of Europe Refrigerant Oil Market by End-Use Industry
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Refrigerant Oil Market Overview
11.3.2 Asia-Pacific Refrigerant Oil Market Forecasts and Analysis
11.3.3 Asia-Pacific Refrigerant Oil Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Refrigerant Oil Market Forecasts and Analysis - By Refrigerant Type
11.3.5 Asia-Pacific Refrigerant Oil Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Refrigerant Oil Market Forecasts and Analysis - By End-Use Industry
11.3.7 Asia-Pacific Refrigerant Oil Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Refrigerant Oil Market
11.3.7.1.1 Australia Refrigerant Oil Market by Type
11.3.7.1.2 Australia Refrigerant Oil Market by Refrigerant Type
11.3.7.1.3 Australia Refrigerant Oil Market by Application
11.3.7.1.4 Australia Refrigerant Oil Market by End-Use Industry
11.3.7.2 China Refrigerant Oil Market
11.3.7.2.1 China Refrigerant Oil Market by Type
11.3.7.2.2 China Refrigerant Oil Market by Refrigerant Type
11.3.7.2.3 China Refrigerant Oil Market by Application
11.3.7.2.4 China Refrigerant Oil Market by End-Use Industry
11.3.7.3 India Refrigerant Oil Market
11.3.7.3.1 India Refrigerant Oil Market by Type
11.3.7.3.2 India Refrigerant Oil Market by Refrigerant Type
11.3.7.3.3 India Refrigerant Oil Market by Application
11.3.7.3.4 India Refrigerant Oil Market by End-Use Industry
11.3.7.4 Japan Refrigerant Oil Market
11.3.7.4.1 Japan Refrigerant Oil Market by Type
11.3.7.4.2 Japan Refrigerant Oil Market by Refrigerant Type
11.3.7.4.3 Japan Refrigerant Oil Market by Application
11.3.7.4.4 Japan Refrigerant Oil Market by End-Use Industry
11.3.7.5 South Korea Refrigerant Oil Market
11.3.7.5.1 South Korea Refrigerant Oil Market by Type
11.3.7.5.2 South Korea Refrigerant Oil Market by Refrigerant Type
11.3.7.5.3 South Korea Refrigerant Oil Market by Application
11.3.7.5.4 South Korea Refrigerant Oil Market by End-Use Industry
11.3.7.6 Rest of Asia-Pacific Refrigerant Oil Market
11.3.7.6.1 Rest of Asia-Pacific Refrigerant Oil Market by Type
11.3.7.6.2 Rest of Asia-Pacific Refrigerant Oil Market by Refrigerant Type
11.3.7.6.3 Rest of Asia-Pacific Refrigerant Oil Market by Application
11.3.7.6.4 Rest of Asia-Pacific Refrigerant Oil Market by End-Use Industry
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Refrigerant Oil Market Overview
11.4.2 Middle East and Africa Refrigerant Oil Market Forecasts and Analysis
11.4.3 Middle East and Africa Refrigerant Oil Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Refrigerant Oil Market Forecasts and Analysis - By Refrigerant Type
11.4.5 Middle East and Africa Refrigerant Oil Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Refrigerant Oil Market Forecasts and Analysis - By End-Use Industry
11.4.7 Middle East and Africa Refrigerant Oil Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Refrigerant Oil Market
11.4.7.1.1 South Africa Refrigerant Oil Market by Type
11.4.7.1.2 South Africa Refrigerant Oil Market by Refrigerant Type
11.4.7.1.3 South Africa Refrigerant Oil Market by Application
11.4.7.1.4 South Africa Refrigerant Oil Market by End-Use Industry
11.4.7.2 Saudi Arabia Refrigerant Oil Market
11.4.7.2.1 Saudi Arabia Refrigerant Oil Market by Type
11.4.7.2.2 Saudi Arabia Refrigerant Oil Market by Refrigerant Type
11.4.7.2.3 Saudi Arabia Refrigerant Oil Market by Application
11.4.7.2.4 Saudi Arabia Refrigerant Oil Market by End-Use Industry
11.4.7.3 U.A.E Refrigerant Oil Market
11.4.7.3.1 U.A.E Refrigerant Oil Market by Type
11.4.7.3.2 U.A.E Refrigerant Oil Market by Refrigerant Type
11.4.7.3.3 U.A.E Refrigerant Oil Market by Application
11.4.7.3.4 U.A.E Refrigerant Oil Market by End-Use Industry
11.4.7.4 Rest of Middle East and Africa Refrigerant Oil Market
11.4.7.4.1 Rest of Middle East and Africa Refrigerant Oil Market by Type
11.4.7.4.2 Rest of Middle East and Africa Refrigerant Oil Market by Refrigerant Type
11.4.7.4.3 Rest of Middle East and Africa Refrigerant Oil Market by Application
11.4.7.4.4 Rest of Middle East and Africa Refrigerant Oil Market by End-Use Industry
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Refrigerant Oil Market Overview
11.5.2 South and Central America Refrigerant Oil Market Forecasts and Analysis
11.5.3 South and Central America Refrigerant Oil Market Forecasts and Analysis - By Type
11.5.4 South and Central America Refrigerant Oil Market Forecasts and Analysis - By Refrigerant Type
11.5.5 South and Central America Refrigerant Oil Market Forecasts and Analysis - By Application
11.5.6 South and Central America Refrigerant Oil Market Forecasts and Analysis - By End-Use Industry
11.5.7 South and Central America Refrigerant Oil Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Refrigerant Oil Market
11.5.7.1.1 Brazil Refrigerant Oil Market by Type
11.5.7.1.2 Brazil Refrigerant Oil Market by Refrigerant Type
11.5.7.1.3 Brazil Refrigerant Oil Market by Application
11.5.7.1.4 Brazil Refrigerant Oil Market by End-Use Industry
11.5.7.2 Argentina Refrigerant Oil Market
11.5.7.2.1 Argentina Refrigerant Oil Market by Type
11.5.7.2.2 Argentina Refrigerant Oil Market by Refrigerant Type
11.5.7.2.3 Argentina Refrigerant Oil Market by Application
11.5.7.2.4 Argentina Refrigerant Oil Market by End-Use Industry
11.5.7.3 Rest of South and Central America Refrigerant Oil Market
11.5.7.3.1 Rest of South and Central America Refrigerant Oil Market by Type
11.5.7.3.2 Rest of South and Central America Refrigerant Oil Market by Refrigerant Type
11.5.7.3.3 Rest of South and Central America Refrigerant Oil Market by Application
11.5.7.3.4 Rest of South and Central America Refrigerant Oil Market by End-Use Industry
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. REFRIGERANT OIL MARKET, KEY COMPANY PROFILES
13.1. BASF SE
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BP PLC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CHINA PETROCHEMICAL CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. EXXONMOBIL CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. FUCHS PETROLUB SE
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. IDEMITSU KOSAN CO., LTD.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. PETROLIAM NASIONAL BERHAD
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ROYAL DUTCH SHELL PLC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. THE LUBRIZOL CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TOTAL S.A.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. BASF SE
2. BP Plc
3. China Petrochemical Corporation
4. Exxonmobil Corporation
5. FUCHS PETROLUB SE
6. Idemitsu Kosan Co., Ltd.
7. Petroliam Nasional Berhad
8. Royal Dutch Shell Plc
9. The Lubrizol Corporation
10. Total S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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