global refrigeration oil market

8/9/2019 Global Refrigeration Oil Market

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IndustryARC

Global Refrigeration Oil Market Analysis

(2014 – 2020)

By Oil Type (Mineral Oil, AB, PAO, PAG and POE), By Refrigerant Type (CFC,

HCFC, HFC and Others), By End Product (Air Conditioner, Chiller, Cooler,

Refrigerator, etc.) and By Geography

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TABLE OF CONTENTS

1. Global Refrigeration Oil – Market Overview

2.

Executive Summary

3. Global Refrigeration Oil – Market Landscape

3.1. Market Share Analysis

3.2. Comparative Analysis

3.2.1. Product Benchmarking

3.2.2.

End user profiling

3.2.3. Top 5 Financials Analysis

4. Global Refrigeration Oil – Market Forces

4.1. Market Drivers

4.2. Market Constraints

4.3. Market Challenges

4.4. Attractiveness of the Refrigeration Oil Industry

4.4.1. Power of Suppliers

4.4.2. Power of Customers

4.4.3. Threat of New entrants

4.4.4. Threat of Substitution

4.4.5.

Degree of Competition

5. Global Refrigeration Oil Market – Strategic Analysis

5.1. Value Chain Analysis

5.2. Pricing Analysis

5.3. Opportunities Analysis

5.4. Product/Market Life Cycle Analysis

5.5. Suppliers and Distributors



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6. Global Refrigeration Oil Market – By Oil Type

6.1. Mineral Oils

6.2. Synthetic Oils

6.2.1. Alkyl Benzene Oils (AB)

6.2.2. Poly Alpha Olefins (PAO)

6.2.3. Poly Alkylene Glycols (PAG)

6.2.4. Polyol Ester Oils (POE)

7. Global Refrigeration Oil Market – By Refrigerant Type

7.1.

Chlorofluorocarbon (CFC )

7.2. Hydro-chlorofluorocarbon (HCFC)

7.3. Hydro-fluorocarbon (HFC)

7.4. Others

8. Global Refrigeration Oil Market – By End Product

8.1. Air Conditioner

8.2. Chillers

8.3. Coolers

8.4. Ice machines

8.5. Condensing units

8.6. Refrigerators/Freezers

8.7.

Others

9. Global Refrigeration Oil Market- by End User

9.1. Automobiles

9.2. Households

9.3. Commercial

9.4.

Industrial



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10. Global Refrigeration Oil Market-Geographic Analysis

10.1. Introduction

10.2. Americas

10.2.1. North America

10.2.2. Brazil

10.2.3. Argentina

10.2.4. Mexico

10.3. Europe

10.3.1.

UK

10.3.2. France

10.3.3. Germany

10.4. APAC

10.4.1. China

10.4.2. South Korea

10.4.3. Japan

10.4.4. Australia

10.5. ROW

11. Market Entropy

11.1. New Product Launches

11.2.

M&As, Collaborations, JVs and Partnerships

12. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)

12.1. Shell Global Solutions International B.V.

12.2. I.S.E.L., Inc.

12.3. Dehon Group

12.4.

Idemitsu Kosan Co Ltd



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12.5. Du Pont (E.I.) De Nemours

12.6. Summit Industrial Products, Inc.

12.7. Supercool (Australia) Pty Ltd

12.8. Sonneborn Refined Products B.V.

12.9. Dashing Hang Co., Ltd

12.10. Exxon Mobil Corporation

12.11. FUCHS Lubricants Co.

12.12. Danfoss Group Global

12.13.

Chevron Corporation

12.14. Japan Sun Oil Company, Ltd.

12.15. BASF SE

12.16. Behr Hella Service GmbH

12.17. Klueber Lubrication Australia Pty. Ltd.

12.18. CITGO Petroleum Corporation

12.19. Chemtura Corporation

12.20. Camco Clean Energy plc

13. Appendix

13.1. Abbreviations

13.2. Sources

13.3.

Research Methodology

13.4. Bibliography

13.5. Compilation of Expert Insights

13.6. Disclaimer



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1. GLOBAL REFRIEGRATION OIL– MARKET OVERVIEW

1.1. SCOPE AND DESCRIPTION

With the increase of the tech savvy customers globally, there is a prerequisite condition for

manufacturers to produce products that are environmental friendly, efficient enough, have

longer life with less maintenance. Refrigerant oils are the oils which are used in Refrigerant

systems for obtaining longer life and high performance from these systems. Refrigerants oils act

as lubricants that make a refrigerant system more efficient.

Global Refrigerant Oil market has been segmented into different segments such as by oil type,

by refrigerant type, by end product type and by geography. The market is segmented by oil type

into mineral and synthetic oils. And depending on the refrigerant types, these are classified into

CFC, HCFC, HFC and Others. Each of these segments is analyzed in depth to provide acomprehensive analysis on the global refrigerant oil market.

The refrigerant oil which is used depends on the end product. The report provides detailed

breakdown of various types of end products and the oil used. The overall market is also

presented from the perspective of different geographic regions and the key countries in each

region. Competitive landscape for industry and market players are profiled with attributes of

company overview, financial overview, business strategies, product portfolio and recent

developments. Market shares of the key players for 2014 are provided. Few of the companies

that are profiled in this report include CITGO Petroleum Corporation, BASF, Chevron, Shell

and Sonneborn and others.

1.2. STAKEHOLDERS

The following are the key stakeholders in the Global Refrigeration Oil Market.

Refrigerant Oil Manufacturers

Service providers

Distributors

Refrigerant Systems Manufacturers

Food Storage Equipment Manufacturers

Government Regulation boards

Refrigerants and Air Conditioning Manufacturers



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2. EXECUTIVE SUMMARY

Refrigerant oil market is an important growing market with the advancement in technology and

change in lifestyles. . With the increase in the usage of air conditioners and refrigerators, there

will be a continuous growth in the refrigerant oil market for the high performance and longer life

of these systems as these oils add long life to the refrigerant systems. The particular refrigerant

oil that is used for a specific refrigerant system depends on the refrigerant type used in the

system and the most common refrigerants used are CFC and HCFC.

Refrigerant systems are lubricated by mineral and synthetic oils like PAG, PAO, and others.

Global Synthetic oil market is around 85% and rest of the market is shared by the mineral oil,

thus many refrigerant oil manufacturing companies are producing more synthetic oil basedproducts than mineral oil products. The refrigerant systems market is estimated to grow at a

CAGR of 5.2% with an estimated market reach of 1.6 million metric tons by 2018 globally and

likewise the refrigerant oil market is estimated to grow simultaneously.

Refrigerant oil companies has products for OEM and end consumers for usage in refrigerant

systems like residential and commercial Air Conditioners, residential and commercial

refrigerators, medical freezers, etc. Some of the companies in this market are Dupont, Summit

Industrial products, Shell Global, etc.

SAMPLE FIGURE: GLOBAL REFRIGERANT OIL MARKET SHARE, BY END

PRODUCT, 2014 (%)

Source: IndustryARC Analysis, Expert Insights



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The above figure illustrates the current market share by End Product for the Global Refrigerant

Oil Market. Air conditioners have major market share when compared with all the end products

in this market, followed by refrigerators and condensing units. Ice machines, Coolers and Others

fall into smaller market share.

SAMPLE TABLE: GLOBAL REFRIGERANT OIL MARKET REVENUE, BY

GEOGRAPHY, 2014 – 2020 ($BN)

By Geography 2014 2015 2016 2017 2018 2019 2020 CAGR

%

(2015-

2020)

Americas xx xx xx xx xx xx xx xx

Europe xx xx xx xx xx xx xx xx

APACxx

xx

xx

xx

xx

xx

xx

xx

RoW xx xx xx xx xx xx xx xx

Total xx xx xx xx xx xx xx xx


Competitive landscape for each of the product types is highlighted and market players are

profiled with attributes of company overview, financial overview, business strategies, product

portfolio and recent developments. Market shares of the key players for 2014 are provided.



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4. GLOBAL REFRIGERANT OIL– MARKET FORCES

4.1. MARKET DRIVERS

4.1.1. Increased em and for Food Storage Equ ipme nt

Food storage has importance from the time of human evolution. Even in ancient times when

there is no technology available for food storage, people used to store food by using ice blocks

and with the advancement in technology, tons of food are stored in millions of food storage

units. There are many food storage products like freezers, refrigerators, etc.

SAMPLE FIGURE: U.S. REFRIGERATOR AND FREEZER SHIPMENTS, BY

QUARTER, 2012 – 2014 (000’ UNITS)


As the above graph showcases, the freezer and refrigerator shipments of U.S. in 2012 and 2013

are fluctuating in all the quarters and has a steady growth in the first two quarters of 2014.



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KEY MARKET INSIGHTS

Polyolester (POE) oils are being largely utilized for their advanced benefits of its

hygroscopic nature when used with (HFC) refrigerants

BASF has announced to expand its business by constructing a new plant for polyalkylene

glycol (PAG) based lubricants in Germany

Dow chemical is working with Innocentive for introducing applications for PAG

The Dow Chemical Co. product polyalkylene glycol (PAG)-based synthetic turbine fluid

can meet the requirement of latest revision for GE's gas turbine lubricant

Americas and Europe has the major market for Refrigerant oil



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RESEARCH METHODOLOGY

The quantitative and qualitative data collected for the global refrigerant oil market is from a

combination of secondary and primary sources. Research interviews were conducted with senior

executives and/or managers of leading refrigerant oil manufacturers, distributors & servicecompanies along with R & D and regulatory institutions. These Key Opinion Leaders (KOLs)

were then provided a questionnaire to gather quantitative and qualitative inputs on their

operations, performance, strategies and views on the overall market, including key developments

and technology trends.

Data from interviews is consolidated, checked for consistency and accuracy, and the final market

numbers are again validated by experts. The global market was split by oil type, refrigerant type,

end product type and geography based on critical inputs from primary and secondary sources,

understanding of the number of companies operating in each segment and also KOL insights.

We have used various secondary sources such as directories, articles, white papers, newsletters,

annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and

collect information for extensive technical and commercial study of the Refrigerant Oil Market.

The key players in the market and its value chain were identified through secondary research and

their market opinions were also gathered in a similar way through telephonic interviews and

questionnaires. Collating all these data points and using ARC analytical model market numbers

were derived.



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THE ARC ADVANTAGE

An analytical model lies at the core of our process, ensuring logical consistencythroughout our research. We complement the model with secondary data andinterviews with industry experts to reflect the latest trends. With our final expert

validation, we provide you with only the most accurate and actionable intelligence.

THE ARC PROCESS

ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL

AnalyticalMethod

Base Method ConsolidationMethod

Delphi Verification

1. Granularbreakdown ofdrivers intofactors

2. Validate allfactors in termsof their presentimpact on themarket

3. Assign weightsto these factors interms of theirrelevance andimpact on themarket

4. Build the Analytical Model

1. Get a top-down estimate ofthe market

2. Follow it up with a bottom-upestimate of themarket

3. Checkforconsistencyand new growthfactors that arerelevant over thenext 10 Years

4. Build the Basemodel

1. Granularbreakdown ofdrivers intofactors

2. Validate allfactors in termsof their presentimpact on themarket.

3. Assign weightsto these factors interms of theirrelevance andimpact on themarket.

4. Build theConsolidatedModel

1. Verify thefindings of themodel withexperts fromacross the valuechain

2. Verify thefindings withplayers acrosssmall and largeenterprises

3. Tweak themodel and addnew factors

4. Finalize the ARC Model



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global refrigeration oil market

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