Refrigeration Oils Market Trends and Industry Outlook 2025-2030: Technological Advancements are Shaping the Future of Refrigeration Oils
View original at globenewswire.comRefrigeration Oils Market Trends and Industry Outlook 2025-2030: Technological Advancements are Shaping the Future of Refrigeration Oils Dublin, Dec…
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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
80% confidenceThe Synthetic Refrigeration Oils segment is expected to reach US$1.2 Billion by 2030 with a CAGR of 5.4%
80% confidenceThe Mineral Refrigeration Oils segment is set to grow at 3.1% CAGR over the analysis period
80% confidenceThe expansion of industries such as food and beverage, pharmaceuticals, and cold chain logistics is contributing to market growth
80% confidenceTechnological advancements, such as the development of synthetic oils and advanced additives, are propelling market growth by enhancing the performance and durability of refrigeration oils
80% confidenceChina is forecasted to grow at an impressive 6.5% CAGR to reach $279.5 Million by 2030
80% confidenceAsia-Pacific continues to boost growth in the refrigeration oils market
80% confidence2025 is a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs
80% confidenceThe growing focus on environmental sustainability is boosting demand for environmentally friendly oils that are compatible with low-GWP refrigerants
80% confidenceThe increasing demand for cooling systems in residential, commercial, and industrial applications is a significant driver for refrigeration oils market growth
80% confidence
