Global Refrigeration Lubricants Market

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Global Refrigeration Lubricants Market

Global Refrigeration Lubricants Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 6.5% through 2020 to 2027, reaching US$ XX Bn. The report has covered region-wise market trends with a competitive landscape. The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

 

Global Refrigeration Lubricants Market

 

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Global Refrigeration Lubricants Market Dynamics:

The global refrigeration lubricant market is driven by the growth in the healthcare industry along with increased investment for the development of novel drugs and the rising demand for frozen and packaged food products. The increasing adoption of air conditioning systems and refrigerators, especially in emerging economies owing to growing population and urbanization are likely to impel the market growth over the upcoming period.

However, stringent regulations to limit the use of fluorocarbon refrigerants may hamper the market growth at a global level. Increased development of low viscosity and high-quality refrigeration lubricants are likely to create lucrative opportunities for market growth. Volatility in the refrigeration lubricants price due to shipping disputes and supply uncertainties is the major challenge in the market growth in the near future.
The synthetic lubricant is expected to grow at a CAGR of 6.8% during the forecast period.

The MMR report covers the detailed analysis of the global refrigeration lubricant market by base oil, application, and end user.

Based on base oil, the synthetic lubricant segment has led the global refrigeration lubricant market in 2019 and is expected to grow at a CAGR of 6.8% during the forecast period. This is attributed to its high performance in extreme conditions, superior viscosity index, high shear stability, and enhanced chemical resistance. It is widely utilized in automobile air conditioning systems to reduce environmental emissions because its compatibility with low GWP and ODP are propelling the segment growth in the market.
Asia Pacific held the dominant market share of 39.9% in 2019

Geographically, Asia Pacific held the dominant market share of 39.9% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of 6.8%. This is attributed to the presence of several refrigeration lubricants players such as Sinopec Group, JXTG Group (Japan), Idemitsu Kosan Co., Ltd., and Indian Oil Corporation Ltd. The growing demand for air-conditioners in the commercial and residential sectors and expanding chemical, medical, oil & gas, and food & beverage industries are fuelling the market growth in the region.

North America held the second-largest market share of 4.7% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. This is attributed to the rising demand for natural refrigerants due to increasing F-gas regulations and the growing demand from industrial and automotive scoter.

Latin America and the Middle East & Africa is expected to grow at a CAGR of XX% and XX% during the forecast period thanks to the rising demand for air-conditioners in the residential sector and rapid industrialization.

The objective of the report is to present a comprehensive analysis of the Global Refrigeration Lubricants Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Refrigeration Lubricants Market dynamics, structure by analyzing the market segments and project the GlobalRefrigeration Lubricants Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Refrigeration Lubricants Market make the report investor’s guide.
Scope of the Global Refrigeration Lubricants Market: Inquire before buying

Global Refrigeration Lubricants Market, by Base Oil:

• Mineral Oil Lubricant
• Synthetic Lubricant
• Other
Global Refrigeration Lubricants Market, by Application:

• Refrigeration Compressors
• Production of Soft Drinks
• Air Conditionings
• Transportation
• Automotive
• Other
Global Refrigeration Lubricants Market, by End User:

• Residential
• Commercial
• Industrial
• Transportation
Global Refrigeration Lubricants Market, by Region:

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Refrigeration Lubricants Market, Major Players:

• Matrix Specialty Lubricants B.V.
• Kluber Lubrication
• Calumet Specialty Products Partners
• FUCHS Lubricants
• PMC Biogenix Inc
• Idemitsu Kosan Co., Ltd.
• National Refrigerants, Inc.
• JX Nippon Oil and Energy
• Total Specialties USA, Inc
• Exxon Mobil Corporatio
• Sinopec Group
• IKV Tribology
• Castrol
• BVA Oil
• Nyco SA
• BASF SE
• Royal Dutch Shell plc
• Chevron Corporation
• BP Lubricants Pvt. Ltd.

 

For More Information Visit @:  https://www.maximizemarketresearch.com/market-report/global-refrigeration-lubricants-market/72914/

 

This Report Is Submitted By: Maximize Market Research Company

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About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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