Global Refrigeration Lubricants Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Base Oil;

Mineral Oil Lubricants(Paraffinic Oil, Naphthenic Oil, and Aromatic Oil, Synthetic Lubricants(Synthetic Hydrocarbon[Polyalphaolefin (PAO), Alkylated Aromatics, and Polybutene], - Ester[Diester, Polyol Ester, Phosphate Ester and Polymer Ester], - Polyalkylene Glycols (PAG), and Other Synthetic Lubricants, Others.

By Application;

Air Conditioning - Transportation[Automotive, and Others (Rail, Road, Airways and and Marine], - Others, Refrigeration (Household, Industrial, and Cryogenics).

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn563179904 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Refrigeration Lubricants Market (USD Million), 2021 - 2031

In the year 2024, the Global Refrigeration Lubricants Market was valued at USD 1585.32 million. The size of this market is expected to increase to USD 2086.18 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

Refrigeration lubricants, which include mineral oils, synthetic oils, and blends, are essential for lubricating the moving parts of compressors and preventing wear and tear. These lubricants also help in sealing and reducing friction, which enhances the overall efficiency of refrigeration systems. With advancements in technology and increasing awareness about energy efficiency, the demand for high-performance lubricants has risen, leading to innovation and growth in the market. The market is driven by factors such as the rising demand for refrigeration in various industries, including food and beverages, pharmaceuticals, and industrial applications.

The growing emphasis on energy-efficient and environmentally friendly solutions has led to the development of advanced refrigerants and lubricants that comply with stringent regulations. As countries continue to focus on reducing carbon footprints and improving energy efficiency, the refrigeration lubricants market is expected to expand, with a shift towards synthetic and eco-friendly options. This growth is supported by continuous research and development efforts aimed at enhancing the performance and sustainability of refrigeration lubricants.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Base Oil
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Refrigeration Lubricants Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for refrigeration systems
        2. Growth in the food and beverage industry
        3. Increasing urbanization
        4. Expanding pharmaceutical industry
      2. Restraints
        1. Complex manufacturing processes
        2. Dependency on the performance of refrigeration systems
        3. Trade restrictions and tariffs
      3. Opportunities
        1. Partnerships with HVAC manufacturers
        2. Growth in renewable energy sector
        3. Adoption of green building standards
        4. Innovations in lubricant formulations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Refrigeration Lubricants Market, By Base Oil, 2021 - 2031 (USD Million)
      1. Mineral Oil Lubricants
        1. Aromatic Oil
        2. Naphthenic Oil
        3. Paraffinic Oil
      2. Synthetic Lubricants
        1. Synthetic Hydrocarbon
          1. Polyalphaolefin (PAO)
          2. Alkylated Aromatics
          3. Polybutene
        2. Ester
          1. Diester
          2. Polyol Ester
          3. Phosphate Ester
          4. Polymer Ester
        3. Polyalkylene Glycols (PAG)
        4. Other Synthetic Lubricants
      3. Others
    2. Global Refrigeration Lubricants Market, By Base Oil, 2021 - 2031 (USD Million)
      1. Air Conditioning
        1. Transportation
          1. Automotive
          2. Others
            1. Rail
            2. Road
            3. Airways
            4. Marine
        2. Others
      2. Refrigeration
        1. Household
        2. Industrial
        3. Cryogenics
    3. Global Refrigeration Lubricants Market, By Base Oil, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. BASF SE
      2. FUCHS Lubricants
      3. Chevron Phillips Chemical Company
      4. ExxonMobil Corporation
      5. Royal Dutch Shell PLC
  7. Analyst Views
  8. Future Outlook of the Market