REFRIGERATION OIL MARKET ANALYSIS

Refrigeration Oil Market, By Product Type (ineral Oil, Synthetic Oil (Polyol Ester, Poly Alpha Olefin, Alkyl Benzene, Polyalkylene Glycol, Polyvinyl Ether, and Others)), By Refrigerant Type ( Chlorofluorocarbon (CFC), Hydro-chlorofluorocarbon (HCFC), Hydro-fluorocarbon (HFC), Ammonia, and Others), By End User (Industrial, Commercial, and Residential), By Application (Air Conditioners, Coolers, Chillers, Refrigerators/Freezers, Condensers, and Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jul 2023
Code : CMI3918
Pages :120
Formats :
Excel and PDF
Industry : Specialty and Fine Chemicals

Market Challenges And Opportunities

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.