Dublin, Oct. 02, 2025 (GLOBE NEWSWIRE) -- The "Refrigeration Oil Market Size, Share & Trends Analysis Report By Product Type (Mineral, Synthetic, Semi Synthetic), By Application (Refrigerators, Air Conditioners, Automotive, Coolers & Conditioners), By Region, And Segment Forecasts, 2025 - 2033" report has been added to ResearchAndMarkets.com's offering.
The global refrigeration oil market size was estimated at USD 1.07 billion in 2024 and is projected to reach USD 1.95 billion by 2033, growing at a CAGR of 7.0% from 2025 to 2033. This growth is attributed to the rising demand for new and innovative electronics, such as refrigerators, air conditioners, and automotive AC systems.
This growth in the electronics industry leads to technological advancements and product innovation, which in turn increases the demand for refrigeration oil. Moreover, the rising demand for frozen food, especially in countries like China and the U.S., is driving the need for efficient refrigeration systems and refrigeration oils. This presents an opportunity for manufacturers and suppliers in the product market.
The global lubricants market acts as the overarching parent segment for refrigeration oils, comprising a broad range of products engineered to minimize friction, manage heat, and improve the performance and durability of mechanical systems. It is divided into key categories such as automotive, industrial, marine, and specialty lubricants, each developed to meet distinct application needs and technical specifications.
The synthetic segment dominated the market. This growth is driven by rising air conditioner and refrigerator production, increased adoption of electric vehicles, and demand for energy-efficient cooling systems. Regulatory shifts toward low-GWP refrigerants are also accelerating the use of compatible synthetic oils, especially in automotive and commercial HVAC applications.
Moreover, the growing demand for frozen food, both domestically and for export, has contributed to the rise in product demand. The U.S. is a major player in the frozen food industry. With the increasing consumption of frozen food products, the requirement for reliable and efficient refrigeration systems has surged, subsequently boosting the demand for refrigeration oil.
Global Refrigeration Oil Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, the analyst has segmented the global refrigeration oil market report based on product type, application, and region.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $1.07 Billion |
| Forecasted Market Value (USD) by 2033 | $1.95 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Refrigeration Oil Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Price Trend Analysis, 2021-2033
3.4. Market Dynamics
3.5. Industry Analysis Tools
Chapter 4. Refrigeration Oil Market: Product Type Estimates & Trend Analysis
4.1. Product Type Movement Analysis & Market Share, 2023 & 2033
4.2. Mineral
4.3. Synthetic
4.4. Semi-Synthetic
Chapter 5. Refrigeration Oil Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2023 & 2033
5.2. Air Conditioner
5.3. Refrigerators
5.4. Automotive
5.5. Food Paper & Pulp
5.6. Other Applications
Chapter 6. Refrigeration Oil Market: Regional Estimates & Trend Analysis
Chapter 7. Refrigeration Oil Market - Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Company Market Share/Position Analysis, 2023
7.4. Company Heat Map Analysis
7.5. Regional Market Analysis
7.6. Strategy Mapping
7.7. Company Profiles
- INEOS
- Idemitsu Kosan Co., Ltd.
- Exxon Mobil Corporation
- Shell Global
- TotalEnergies
- China Petroleum & Chemical Corporation
- FUCHS
- PETRONAS Lubricants International
- Johnson Controls
For more information about this report visit https://www.researchandmarkets.com/r/cse99l
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