Refrigeration Oils - Global Strategic Business Report 2025-2030 Covering Recent Global Tariff Developments And How They Impact The Refrigeration Oils Market

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, May 08, 2025 (GLOBE NEWSWIRE) -- The "Refrigeration Oils - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Refrigeration Oils was valued at US$1.3 Billion in 2024 and is projected to reach US$1.8 Billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Refrigeration Oils market.
The growth in the Refrigeration Oils market is driven by several factors. The increasing demand for cooling systems in residential, commercial, and industrial applications is a significant driver, as these systems require high-quality oils to operate efficiently and reliably. Technological advancements, such as the development of synthetic oils and advanced additives, are also propelling market growth by enhancing the performance and durability of refrigeration oils.

The growing focus on environmental sustainability is further boosting demand for environmentally friendly oils that are compatible with low-GWP refrigerants. Additionally, the expansion of industries such as food and beverage, pharmaceuticals, and cold chain logistics is contributing to market growth, as these sectors rely heavily on refrigeration systems to maintain product quality and safety. These factors, combined with the continuous innovation in oil formulation and technology, are driving the sustained growth of the Refrigeration Oils market.
Report Scope
The report analyzes the Refrigeration Oils market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.
Segments: Type (Synthetic Refrigeration Oils, Mineral Refrigeration Oils); Application (Refrigerators Application, Air Conditioners Application, Automotive Application, Other Applications).
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:

• Market Growth: Understand the significant growth trajectory of the Synthetic Refrigeration Oils segment, which is expected to reach US$1.2 Billion by 2030 with a CAGR of a 5.4%. The Mineral Refrigeration Oils segment is also set to grow at 3.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $292.5 Million in 2024, and China, forecasted to grow at an impressive 6.5% CAGR to reach $279.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Questions Answered:

• How is the Global Refrigeration Oils Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as BASF SE, Behr Hella Service GmbH, BP PLC, Bva, Inc., Calumet Specialty Products Partners LP and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 74 companies featured in this Refrigeration Oils market report include:

• BASF SE
• Behr Hella Service GmbH
• BP PLC
• Bva, Inc.
• Calumet Specialty Products Partners LP
• Camco Lubricants
• Chevron Corporation
• China Petrochemical Corporation (Sinopec Group)
• CITGO Petroleum Corporation
• Cosmo Oil Lubricants Co., Ltd.
• ExxonMobil Corporation
• Fuchs Petrolub SE
• Indian Oil Corporation Ltd.
• Isel Germany AG
• Lubriplate Lubricants Company
• LUKOIL Lubricants Company
• National Refrigerants, Inc.
• Petro-Canada Lubricants, Inc.
• Petroliam Nasional Berhad (PETRONAS)
• Phillips 66 Lubricants
• Royal Dutch Shell PLC
• Sun Company
• The Lubrizol Corporation
• Total SA

Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What's Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry

Key Attributes

Report Attribute	Details
No. of Pages	530
Forecast Period	2024-2030
Estimated Market Value (USD) in 2024	$1.3 Billion
Forecasted Market Value (USD) by 2030	$1.8 Billion
Compound Annual Growth Rate	4.7%
Regions Covered	Global

MARKET OVERVIEW

• Refrigeration Oils: Fueling the World's Cooling Needs
• An Introduction to Refrigeration Oils
• Key Properties of Refrigeration Oils
• Key Requirements of Refrigeration Oils
• Role of Refrigeration Oils
• Classification of Refrigeration Oils
• Applications of Refrigeration Oils
• Economic Frontiers: Trends, Trials & Transformations
• In a World Torn by Geopolitical Instability & War, Steadfastness of Global GDP Becomes Increasingly Unpredictable Given the Many Direct and Indirect Economic Repercussions: World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
• All Eyes on Global Inflation, the Main Risk Factor in Global Markets: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
• With Oil Prices Influencing the Rate of inflation, It Remains the Most Watched Commodity in Global Markets: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
• Global Market Outlook
• A Brief Overview of Growth Factors and Drivers Impacting Market Growth
• Synthetic Refrigeration Oils Emerge as the Leading Type
• Role of HFCs in the Refrigeration Oil Market
• Refrigerators: The Leading Application Segment
• Asia-Pacific Continues to Boost Growth
• Competition
• Refrigeration Oils - Global Key Competitors Percentage Market Share in 2025 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
• Recent Market Activity
• Influencer/Product/Technology Insights

MARKET TRENDS & DRIVERS

• Expanding Horizons: The Growing Role of Refrigeration Systems Fuels Market Growth
• Growing Awareness of the Benefits of Refrigeration Oils in Extending Equipment Lifespan Drives Market Adoption
• Rising Demand for Refrigerators: A Catalyst for Growth in the Refrigeration Oils Market
• Robust Rise in Demand for Refrigerators Spurs Growth Opportunities in Refrigeration Oils Market: Global Refrigerators Market Size in US$ Billion for the Years 2024, 2026, 2028 and 2030
• Increasing Demand for Air Conditioners Bode Well for Refrigeration Oil Market
• The Critical Role of Refrigeration Oils in Air Conditioners
• Global Air Conditioning Systems Market Breakdown by End-Use (in %) for the Year 2024E
• How Is the Transition Towards Low GWP Refrigerants Driving Opportunities for Refrigeration Oils Market?
• Global Warming Potential (GWP) & Ozone Depletion Potential (ODP) of Past & Present Refrigerant Technologies
• Select Examples of Banned Refrigerants with > 2500 GWP: 2020
• Select Examples of Banned Refrigerants with > 1500 GWP: 2022-2025
• Select Examples of Banned Refrigerants with > 150 GWP: 2030
• Cooling the Chain: How Refrigeration Oils Power the Food Industry's Future?
• Rising Consumption of Frozen Foods Fuels Demand for Efficient Refrigeration Equipment, Driving Demand for Refrigeration Oils
• Growing Demand for Frozen Foods and Subsequent Rise in Demand for Commercial Refrigeration Equipment Bodes Well for the Market: Global Opportunity for Frozen Foods by Type (In US$ Billion) for Years 2020, 2022, 2024 & 2026
• Rising Significance of Refrigeration Systems in Pharmaceutical Industry Bodes Well for Market Expansion
• Growing Investments in Biopharma Cold Chain Infrastructure Translates into Opportunities for Refrigeration Oils Market: Global Spending on Cold Chain Technologies in the Biopharmaceuticals Industry (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
• Rise in Availability of Temperature-Sensitive Drugs & Vaccines Fuels Market Growth
• Global Biopharmaceutical Sales (In US$ Billion) for Years 2023, 2025, 2027 and 2029
• The Crucial Role of Refrigeration Oils in Industrial Cooling Systems
• Redefining Possibilities: Trends & Innovations Shaping the Industrial Refrigeration Arena to Impact Market Demand
• Rise of Natural Refrigerants Boosts Demand for Refrigeration Oils in the Industrial Sector
• Integral Nature of AC Systems in Automotive Industry Propels Demand for Refrigeration Oils
• Encouraging Outlook for Automobile Production, Despite Disruptions, Bodes Well for Market Growth
• Global Light Vehicle Production (In Million Units) for Years 2019 through 2025
• Rising Demand for High-Performance Oils in Automotive Air Conditioning: A Boost for the Refrigeration Oils Market
• Development of Cold Chain Logistics: Cornerstone for Growth in the Refrigeration Oils Market
• Expanding Cold Chain Infrastructure Drives Demand for Refrigeration Oils: Global Cold Chain Market Size in US$ Billion for the Years 2024, 2026, 2028 and 2030
• Innovations in Synthetic and Mineral-Based Refrigeration Oils Strengthen Market Position
• Development of Eco-Friendly and Low-GWP Refrigeration Oils Sustains Market Growth
• Types of Low-GWP Refrigeration Oils: Features, Benefits, and Applications
• Innovations Greasing the Wheel of Refrigeration Oil Market for Friction-Free Journey
• Innovations in Oil Formulation and Additive Technologies Generate New Market Opportunities
• How Refrigeration Industry is Improving its Sustainability Credentials with Innovations?
• The Emergence of Sustainability as Hissing Hot Trend in Refrigeration Oil Industry
• Challenges Confronting the Refrigeration Oils Market
• Stringent Regulatory Landscape Impacts Market Growth

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