{"id":95207,"date":"2025-06-14T14:05:07","date_gmt":"2025-06-14T14:05:07","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/refrigeration-oil-market-to-reach-usd-2-01-billion-by-2032-sns-insider\/"},"modified":"2025-06-14T14:05:07","modified_gmt":"2025-06-14T14:05:07","slug":"refrigeration-oil-market-to-reach-usd-2-01-billion-by-2032-sns-insider","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/refrigeration-oil-market-to-reach-usd-2-01-billion-by-2032-sns-insider\/","title":{"rendered":"Refrigeration Oil Market to Reach USD 2.01 billion by 2032 | SNS Insider"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"left\">Austin, June  14, 2025  (GLOBE NEWSWIRE) &#8212; The <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8W0Pm1ey6EEdvF3nyBFQmYehqa74YzKUz_24c4wG6B8x8LZ9aya3GneKfC2GuSU8109ufv6DMLypxjpqj5SyNqHb1PEWjCfRPj6XAoO8gB5jbwO8tXMPmA3UoQM3IiK-PF-IoSS2GurLcTc2RerVJ7P08hs1_aB-p7tfHp2kLgQ=\" rel=\"nofollow\" target=\"_blank\" title=\"\"><b><u><b><u>Refrigeration Oil Market<\/u><\/b><\/u><\/b><\/a>\u00a0Size was valued at USD 1.38 billion in 2024 and is expected to reach USD 2.01 billion by 2032, growing at a CAGR of 4.86% over the forecast period of 2025-2032. \u00a0<\/p>\n<p align=\"left\"><b><b>Global Shift Toward Eco-Friendly Cooling Fuels Refrigeration Oil Demand Across Residential, Commercial, and Industrial Applications<\/b><\/b><\/p>\n<p align=\"left\">Increasing use of sophisticated cooling systems and rising environmental regulations are the factors\u2002driving the Refrigeration Oil Market. Demand for high-efficiency synthetic options is being driven by the U.S. EPA 2023\u2002requirement to phase down high-GWP oils. A growing industrial sector in Asia Pacific and a 15% increase in synthetic oil production in China in 2023\u2002are driving growth. Yet domestic consumption in the U.S. DOE report\u2002showed a 12% overall increase in oil used for HVAC, and Carrier\u2019s 2024 forecast projects increased shipments of biodegradable oil.<\/p>\n<p align=\"center\"><b><b><br \/><\/b><\/b><\/p>\n<p align=\"center\"><b><b>Download PDF Sample of<\/b><\/b><b><b>\u00a0Refrigeration Oil Market @ <\/b><\/b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5tdKGMaQoAF5SlOhdzO-9TPjU-YLldnZzp2NXc07QAODPE1DwKnwJfd_QPri69pEJjOJB_w4Am7lhzaeOdihT4s27Fffli6LESV9C-omIaK5JJEYz_Rhk1b3_eLX1sEezAs1IT4jGTKN7b-OFQksWowCeD_F2B2OEFooXxqbP3g=\" rel=\"nofollow\" target=\"_blank\" title=\"\"><b><u><b><u>https:\/\/www.snsinsider.com\/sample-request\/7072<\/u><\/b><\/u><\/b><\/a><b><b>\u00a0<\/b><\/b><\/p>\n<p align=\"left\"><b><b>The U.S. Refrigeration Oil Market had the highest CAGR of 6.25% in the forecast period of 2025-2032, with a market size of USD 244 million.<\/b><\/b><\/p>\n<p align=\"left\">In\u2002the U.S., rising energy-efficient HVAC retrofits supported by the Department of Energy\u2019s (DoE) 2023 Green Building Initiative is driving the use of Refrigeration Oil. In late\u20022023, major carriers such as Honeywell and Emerson introduced low-GWP synthetic oils to meet the increasingly stringent EPA regulations and growing healthcare sector refrigeration demand.<\/p>\n<p align=\"left\"><b>Key Players:<\/b><\/p>\n<ul>\n<li style=\"text-align:left;\">Shell plc<\/li>\n<li style=\"text-align:left;\">ExxonMobil Corporation<\/li>\n<li style=\"text-align:left;\">Phillips 66 Company<\/li>\n<li style=\"text-align:left;\">Chevron Phillips Chemical Company LLC<\/li>\n<li style=\"text-align:left;\">Rompetrol Rafinare S.A.<\/li>\n<li style=\"text-align:left;\">Sumitomo Chemical Co., Ltd.<\/li>\n<li style=\"text-align:left;\">Honeywell International Inc.<\/li>\n<li style=\"text-align:left;\">Junyuan Petroleum Group<\/li>\n<li style=\"text-align:left;\">Merck KGaA<\/li>\n<li style=\"text-align:left;\">Indian Oil Corporation Limited.<\/li>\n<\/ul>\n<p align=\"center\"><b>Refrigeration Oil Market Report Scope:<\/b><\/p>\n<table style=\"border-collapse: collapse; margin-left:auto; margin-right:auto; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:308.07px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; \"><b><b>Report Attributes<\/b><\/b><\/td>\n<td style=\"width:308.07px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; \"><b><b>Details<\/b><\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>Market Size in 202<\/b><\/b><b><b>4<\/b><\/b><\/td>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">USD\u00a01.38 Billion<\/td>\n<\/tr>\n<tr>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>Market Size by 2032<\/b><\/b><\/td>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">USD 2.01 Billion<\/td>\n<\/tr>\n<tr>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>CAGR<\/b><\/b><\/td>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">CAGR of\u00a04.86% From 2025\u00a0to 2032<\/td>\n<\/tr>\n<tr>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>Base Year<\/b><\/b><\/td>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">2024<\/td>\n<\/tr>\n<tr>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>Forecast Period<\/b><\/b><\/td>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">2025-2032<\/td>\n<\/tr>\n<tr>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>Historical Data<\/b><\/b><\/td>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">2021-2023<\/td>\n<\/tr>\n<tr>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>Report Scope &amp; Coverage<\/b><\/b><\/td>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">Market Size, Segments Analysis, Competitive \u00a0Landscape, Regional Analysis, DROC &amp; SWOT Analysis, Forecast Outlook<\/td>\n<\/tr>\n<tr>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>Key Drivers<\/b><\/b><\/td>\n<td style=\"width:308.07px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">\u2022 Growth In Cold Chain Logistics and Food Storage Drives the Market Growth.<\/td>\n<\/tr>\n<\/table>\n<p align=\"left\"><b><b>If You Need Any Customization on<\/b><\/b><b><b>\u00a0Refrigeration Oil Market<\/b><\/b><b>\u00a0<\/b><b><b>Report, <\/b><\/b><b><b>I<\/b><\/b><b><b>nquire Now<\/b><\/b><b><b>\u00a0@ <\/b><\/b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5tdKGMaQoAF5SlOhdzO-9TPjU-YLldnZzp2NXc07QAOcWPfUtuHr7te5k_BmNibQYkoYionPBigb69SjyiLul3cCTsn95LOgs_a3Pl_zBEe0-zkKnvJ9wcK9G3J6-1VmbdCeDNVn0Q2VsjJ0tUYjfA==\" rel=\"nofollow\" target=\"_blank\" title=\"\"><b><u><b><u>https:\/\/www.snsinsider.com\/enquiry\/7072<\/u><\/b><\/u><\/b><\/a><b><b>\u00a0<\/b><\/b><\/p>\n<p align=\"left\"><b><b>By Type, Synthetic Type Refrigeration Oil Dominated the Refrigeration Oil Market in 2024 with a 48% Market Share.<\/b><\/b><\/p>\n<p align=\"left\">The dominance is owing to their thermal stability, environmental compatibility\u2002and EPA conformability. Chevron\u2002Phillips Chemical developed enhanced PAO blends that increased compressor efficiency and decreased loss. The U.S. Energy Information Administration found a 22% increase in the use of synthetic oil in hospitals and data centers, pointing\u2002to increasing demand for precise cooling. Mineral oils are being gradually replaced by biodegradable synthetic oils, due\u2002to the R&amp;D dedicated to low-GWP refrigerant compatibility and long-term performance.<\/p>\n<p align=\"left\"><b><b>By <\/b><\/b><b><b>Application<\/b><\/b><b><b>, the Refrigerators dominated the Refrigeration Oil Market in 2024 with a 32% Market Share.<\/b><\/b><\/p>\n<p align=\"left\">The dominance is attributed to the market is determined by the adoption of energy efficient models in\u2002North America and Asia Pacific. U.S. sales of refrigerators increased by\u20028%, and makers of brands like Whirlpool and LG began to install inverter compressors, which need high-performance lubricants. With consumers looking to conserve energy, reduce cost, and extend the life of their appliances,\u2002there is a heightened demand for specifically formulated refrigeration oils that combat wear and sludge throughout the category.<\/p>\n<p align=\"left\"><b><b>Asia Pacific dominated the Refrigeration Oil Market in 2024, Holding <\/b><\/b><b><b>a<\/b><\/b><b><b>\u00a039% Market Share. <\/b><\/b><\/p>\n<p align=\"left\">The dominance of the\u2002region is on account of fast industrialization and growing cold-chain industry in China and India. China turned out 18 percent\u2002more synthetic oil and India exported 12% more to Southeast Asia. Government incentives also contributed, including tax breaks in Thailand for energy-efficient storage that helped generate\u2002investments in chillers. Regional OEM activity also increased with Daikin opening the first dedicated\u2002synthetic oil plant in Malaysia in 2024, continuing the dominance of the region in refrigeration oil demand and production.<\/p>\n<p align=\"left\"><b><b>North America is the fastest-growing region in the Refrigeration Oil Market in 2024, holding the Highest CAGR.<\/b><\/b><\/p>\n<p align=\"left\">Growth is the result of\u2002EPA regulations requiring the reduced use of high-GWP oils and a retro fit wave in commercial refrigeration. Emerson\u2002introduced chlorine-free PAOs in response, as U.S. commercial HVAC oil use rose 18% compared to last year. Consumption of synthetic oil in the data center market in Canada\u2002also increased by 10%, indicating a broader regional trend towards more sustainable, higher performing refrigeration oil solutions across critical infrastructure sectors.<\/p>\n<p align=\"center\"><b><b><img fetchpriority=\"high\" decoding=\"async\" data-mce-src=\"https:\/\/www.globenewswire.com\/api\/ImageRender\/DownloadFile?resourceId=e924e4a1-801d-4a62-af69-3e4562da5064&amp;size=0\" data-state=\"draft\" height=\"400\" name=\"GNW_RichHtml_IMG\" src=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/e924e4a1-801d-4a62-af69-3e4562da5064\/image-gnw.jpg\" title=\"Image-GNW.jpg\" width=\"600\"\/><br \/><\/b><\/b><\/p>\n<p align=\"center\"><b><b>Buy Full Research Report<\/b><\/b><b><b>\u00a0@ <\/b><\/b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5tdKGMaQoAF5SlOhdzO-9TPjU-YLldnZzp2NXc07QAMS5tqIURgXj0yPuYX-r4b0s_LcWR0ctdCt3RnQtJ-Ym6Gb530soOk60EJ6F-kE_pJAD70CiLbrafbwCurhh-dXK11BA4sgbdXgALrkLhttPQ==\" rel=\"nofollow\" target=\"_blank\" title=\"\"><b><u><b><u>https:\/\/www.snsinsider.com\/checkout\/7072<\/u><\/b><\/u><\/b><\/a><b><b>\u00a0<\/b><\/b><\/p>\n<p align=\"left\"><b><b>About Us:<\/b><\/b><\/p>\n<p align=\"left\">SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company&#8217;s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.<\/p>\n<pre\/><img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NmFmNzcxNjItN2M0Zi00MTJiLTk4ZTgtNDBiNWI2OWU1OWM1LTEyNjg4MTktMjAyNS0wNi0xNC1lbg==\/tiny\/SNS-Insider-pvt-ltd.png\" referrerpolicy=\"no-referrer-when-downgrade\"\/>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Austin, June 14, 2025 (GLOBE NEWSWIRE) &#8212; The Refrigeration Oil Market\u00a0Size was valued at USD 1.38 billion in 2024 and is expected to reach USD 2.01 billion by 2032, growing at a CAGR of 4.86% over the forecast period of 2025-2032. \u00a0 Global Shift Toward Eco-Friendly Cooling Fuels Refrigeration Oil Demand Across Residential, Commercial, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":95208,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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