Stratview Research has published a new research report on ‘Refrigeration Oil Market’. This report covers the top regions countries of the world and shows a region-wise development status, including market size, shares, revenue, opportunities, and strategies to enhance growth across the globe. This report provides a 5-year pre-historic and future forecast for the segment and a comprehensive overview of the global market size.
Refrigeration Oil Market: Report Highlights
The refrigeration oil market size was valued at USD 1.14 billion in 2021 and is likely to grow at a healthy CAGR of 4.16% during the forecast period of 2022-2028 to reach USD 1.52 billion in 2028.
Impact of COVID-19 on Refrigeration Oil Market
Covid-19 has affected almost all the markets including Refrigeration Oil Market. It has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may return to an uptrend gradually from the approaching future. Companies enhancing their operation and policies will survive and break the competition.
Key Players
The supply chain of this market comprises raw material manufacturers, distributors, and users. Some of the key players in the Refrigeration Oil Market are-
- JXTG Group
- BASF SE
- Idemitsu Kosan Co., Ltd.
- Royal Dutch Shell plc
- Exxon Mobil Corporation
- BP p.l.c.
- Petroliam Nasional Berhad (PETRONAS)
- Chevron Corporation
- Total S.A.
- China Petrochemical Corporation (Sinopec Group)
- Fuchs Petrolub SE
- Johnson Controls International plc, and
- The Lubrizol Corporation (CPI Fluid Engineering Services).
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