REFRIGERATION OIL MARKET ANALYSIS
Global Refrigeration Oil Market: Drivers
Growth in the food and beverage industry across the globe
Growth in the food & beverage industry is a prime factor fuelling the market growth of Global refrigeration oil Market. The rising demand for perishable food products coupled with the increasing trade of food worldwide is boosting the market growth. Increasing consumption of frozen and packaged food products is also driving the global refrigeration oil market growth.
Global Refrigeration Oil Market: Restraints
Strict rules and regulations on the use of fluorocarbon refrigerant systems
Strict rules and regulations on the use of fluorocarbon refrigerant systems are expected to hamper the market growth over the forecast period. Various environmental factors (such as depletion of ozone layer) associated with the use of a refrigeration systems are expected to be a major challenge for the market growth of Global Refrigeration oil Market.
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