Refrigeration lubricants are used in refrigeration system to lubricate the compressor. Refrigeration lubricants are essential for the smooth running of refrigeration unit. Functions such as hydraulic control, functional fluid and lubricating oil are being performed by the refrigeration lubricants in refrigeration system's compressor under the influence of the refrigerant. Refrigeration lubricants lubricate pistons or rotors, of the compressor. Two different types of lubricants i.e. mineral oil lubricants and synthetic lubricants, are applied as per requirement. These refrigeration lubricants are applied in refrigerator & freezer, automotive ac systems and others.
MARKET DYNAMICS
The growing demand for refrigeration system in food and pharmaceutical industry will drive the demand for refrigeration lubricants market. Furthermore, increasing demand for air-conditioning in automobiles, residential and commercial houses will further imply in the demand growth for the refrigeration lubricants market. Predominantly, stringent regulation over the usage of fluorocarbon refrigerant may hamper the demand growth for refrigeration lubricants market. However, growing demand for low viscosity and high quality refrigeration lubricants will create opportunity for the refrigeration lubricants market.
MARKET SCOPE
The "Refrigeration Lubricants 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 refrigeration lubricants market with detailed market segmentation by base oil, application and region. The refrigeration lubricants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading refrigeration lubricants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The refrigeration lubricants market is segmented on the basis of product base oil, application. On the basis of base oil, the refrigeration lubricants market is segmented into, mineral oil lubricants, synthetic lubricants. On the basis of application, the refrigeration lubricants market is segmented into, air conditioning, refrigeration.
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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 refrigeration lubricants 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 Refrigeration lubricants 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 refrigeration lubricants 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 refrigeration lubricants 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 refrigeration lubricants 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 Refrigeration lubricants 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 refrigeration lubricants 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 refrigeration lubricants market in these regions.
MARKET PLAYERS
The reports cover key developments in the refrigeration lubricants 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 refrigeration lubricants market are anticipated to lucrative growth opportunities in the future with the rising demand for refrigeration lubricants in the global market. Below mentioned is the list of few companies engaged in the refrigeration lubricants market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the refrigeration lubricants 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.
- BP
- BVA Oil
- Chemtura Corporation
- Chevron USA Inc.
- ExxonMobil Corporation
- FUCHS Lubricants
- Idemitsu Kosan Co. Ltd
- Isel
- JX Nippon Oil & Energy Corporation
- Royal Dutch Shell PLC
- 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
1.3.1Refrigeration Lubricants Market - By Base oil
1.3.2Refrigeration Lubricants Market - By Application
1.3.3Refrigeration Lubricants Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.REFRIGERATION LUBRICANTS MARKET L and SCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.REFRIGERATION LUBRICANTS 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 and RESTRAINTS
6.REFRIGERATION LUBRICANTS MARKET - GLOBAL MARKET ANALYSIS
6.1.REFRIGERATION LUBRICANTS - GLOBAL MARKET OVERVIEW
6.2.REFRIGERATION LUBRICANTS - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.REFRIGERATION LUBRICANTS MARKET - REVENUE and FORECASTS TO 2028 - BASE OIL
7.1.OVERVIEW
7.2.BASE OIL MARKET FORECASTS and ANALYSIS
7.3.MINERAL OIL LUBRICANTS
7.3.1.Overview
7.3.2.Mineral Oil Lubricants Market Forecast and Analysis
7.4.SYNTHETIC LUBRICANTS
7.4.1.Overview
7.4.2.Synthetic Lubricants Market Forecast and Analysis
8.REFRIGERATION LUBRICANTS MARKET - REVENUE and FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS and ANALYSIS
8.3.AIR CONDITIONING
8.3.1.Overview
8.3.2.Air Conditioning Market Forecast and Analysis
8.4.REFRIGERATION
8.4.1.Overview
8.4.2.Refrigeration Market Forecast and Analysis
9.REFRIGERATION LUBRICANTS MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Refrigeration Lubricants Market Overview
9.1.2North America Refrigeration Lubricants Market Forecasts and Analysis
9.1.3North America Refrigeration Lubricants Market Forecasts and Analysis - By Base oil
9.1.4North America Refrigeration Lubricants Market Forecasts and Analysis - By Application
9.1.5North America Refrigeration Lubricants Market Forecasts and Analysis - By Countries
9.1.5.1Canada Refrigeration Lubricants Market
9.1.5.1.1Canada Refrigeration Lubricants Market by Base oil
9.1.5.1.2Canada Refrigeration Lubricants Market by Application
9.1.5.2Mexico Refrigeration Lubricants Market
9.1.5.2.1Mexico Refrigeration Lubricants Market by Base oil
9.1.5.2.2Mexico Refrigeration Lubricants Market by Application
9.1.5.3US Refrigeration Lubricants Market
9.1.5.3.1US Refrigeration Lubricants Market by Base oil
9.1.5.3.2US Refrigeration Lubricants Market by Application
9.2.EUROPE
9.2.1Europe Refrigeration Lubricants Market Overview
9.2.2Europe Refrigeration Lubricants Market Forecasts and Analysis
9.2.3Europe Refrigeration Lubricants Market Forecasts and Analysis - By Base oil
9.2.4Europe Refrigeration Lubricants Market Forecasts and Analysis - By Application
9.2.5Europe Refrigeration Lubricants Market Forecasts and Analysis - By Countries
9.2.5.1Germany Refrigeration Lubricants Market
9.2.5.1.1Germany Refrigeration Lubricants Market by Base oil
9.2.5.1.2Germany Refrigeration Lubricants Market by Application
9.2.5.2France Refrigeration Lubricants Market
9.2.5.2.1France Refrigeration Lubricants Market by Base oil
9.2.5.2.2France Refrigeration Lubricants Market by Application
9.2.5.3Italy Refrigeration Lubricants Market
9.2.5.3.1Italy Refrigeration Lubricants Market by Base oil
9.2.5.3.2Italy Refrigeration Lubricants Market by Application
9.2.5.4United Kingdom Refrigeration Lubricants Market
9.2.5.4.1United Kingdom Refrigeration Lubricants Market by Base oil
9.2.5.4.2United Kingdom Refrigeration Lubricants Market by Application
9.2.5.5Russia Refrigeration Lubricants Market
9.2.5.5.1Russia Refrigeration Lubricants Market by Base oil
9.2.5.5.2Russia Refrigeration Lubricants Market by Application
9.2.5.6Rest of Europe Refrigeration Lubricants Market
9.2.5.6.1Rest of Europe Refrigeration Lubricants Market by Base oil
9.2.5.6.2Rest of Europe Refrigeration Lubricants Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Refrigeration Lubricants Market Overview
9.3.2Asia-Pacific Refrigeration Lubricants Market Forecasts and Analysis
9.3.3Asia-Pacific Refrigeration Lubricants Market Forecasts and Analysis - By Base oil
9.3.4Asia-Pacific Refrigeration Lubricants Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Refrigeration Lubricants Market Forecasts and Analysis - By Countries
9.3.5.1Australia Refrigeration Lubricants Market
9.3.5.1.1Australia Refrigeration Lubricants Market by Base oil
9.3.5.1.2Australia Refrigeration Lubricants Market by Application
9.3.5.2China Refrigeration Lubricants Market
9.3.5.2.1China Refrigeration Lubricants Market by Base oil
9.3.5.2.2China Refrigeration Lubricants Market by Application
9.3.5.3India Refrigeration Lubricants Market
9.3.5.3.1India Refrigeration Lubricants Market by Base oil
9.3.5.3.2India Refrigeration Lubricants Market by Application
9.3.5.4Japan Refrigeration Lubricants Market
9.3.5.4.1Japan Refrigeration Lubricants Market by Base oil
9.3.5.4.2Japan Refrigeration Lubricants Market by Application
9.3.5.5South Korea Refrigeration Lubricants Market
9.3.5.5.1South Korea Refrigeration Lubricants Market by Base oil
9.3.5.5.2South Korea Refrigeration Lubricants Market by Application
9.3.5.6Rest of Asia-Pacific Refrigeration Lubricants Market
9.3.5.6.1Rest of Asia-Pacific Refrigeration Lubricants Market by Base oil
9.3.5.6.2Rest of Asia-Pacific Refrigeration Lubricants Market by Application
9.4.MIDDLE EAST and AFRICA
9.4.1Middle East and Africa Refrigeration Lubricants Market Overview
9.4.2Middle East and Africa Refrigeration Lubricants Market Forecasts and Analysis
9.4.3Middle East and Africa Refrigeration Lubricants Market Forecasts and Analysis - By Base oil
9.4.4Middle East and Africa Refrigeration Lubricants Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Refrigeration Lubricants Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Refrigeration Lubricants Market
9.4.5.1.1South Africa Refrigeration Lubricants Market by Base oil
9.4.5.1.2South Africa Refrigeration Lubricants Market by Application
9.4.5.2Saudi Arabia Refrigeration Lubricants Market
9.4.5.2.1Saudi Arabia Refrigeration Lubricants Market by Base oil
9.4.5.2.2Saudi Arabia Refrigeration Lubricants Market by Application
9.4.5.3U.A.E Refrigeration Lubricants Market
9.4.5.3.1U.A.E Refrigeration Lubricants Market by Base oil
9.4.5.3.2U.A.E Refrigeration Lubricants Market by Application
9.4.5.4Rest of Middle East and Africa Refrigeration Lubricants Market
9.4.5.4.1Rest of Middle East and Africa Refrigeration Lubricants Market by Base oil
9.4.5.4.2Rest of Middle East and Africa Refrigeration Lubricants Market by Application
9.5.SOUTH and CENTRAL AMERICA
9.5.1South and Central America Refrigeration Lubricants Market Overview
9.5.2South and Central America Refrigeration Lubricants Market Forecasts and Analysis
9.5.3South and Central America Refrigeration Lubricants Market Forecasts and Analysis - By Base oil
9.5.4South and Central America Refrigeration Lubricants Market Forecasts and Analysis - By Application
9.5.5South and Central America Refrigeration Lubricants Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Refrigeration Lubricants Market
9.5.5.1.1Brazil Refrigeration Lubricants Market by Base oil
9.5.5.1.2Brazil Refrigeration Lubricants Market by Application
9.5.5.2Argentina Refrigeration Lubricants Market
9.5.5.2.1Argentina Refrigeration Lubricants Market by Base oil
9.5.5.2.2Argentina Refrigeration Lubricants Market by Application
9.5.5.3Rest of South and Central America Refrigeration Lubricants Market
9.5.5.3.1Rest of South and Central America Refrigeration Lubricants Market by Base oil
9.5.5.3.2Rest of South and Central America Refrigeration Lubricants Market by Application
10.INDUSTRY L and SCAPE
10.1.MERGERS and ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS and JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS and OTHER STRATEGIC DEVELOPMENTS
11.REFRIGERATION LUBRICANTS MARKET, KEY COMPANY PROFILES
11.1.BP
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.BVA OIL
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CHEMTURA CORPORATION
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.CHEVRON USA INC.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.EXXONMOBIL CORPORATION
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.FUCHS LUBRICANTS
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.IDEMITSU KOSAN CO. LTD
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.ISEL
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.JX NIPPON OIL and ENERGY CORPORATION
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.ROYAL DUTCH SHELL PLC
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. BP2. BVA Oil3. Chemtura Corporation4. Chevron USA Inc. 5. ExxonMobil Corporation6. FUCHS Lubricants7. Idemitsu Kosan Co. Ltd8. Isel9. JX Nippon Oil and Energy Corporation10. Royal Dutch Shell PLC
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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