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Rising demand from air conditioners and refrigerators, increasing demand from Asia-Pacific region due to rise in consumption of frozen foods and consumer electronics, rise in refrigeration systems for pharmaceuticals to increase shelf life are key factors contributing to high CAGR of global refrigeration oil market during the forecast period.
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Market Summary Market Size – USD 10.28 Billion in 2018, Market Growth - CAGR of 4.5%, Market Trends – Product launches and research for advanced Refrigeration oil Market According to the current analysis of Reports and Data, the global Refrigeration Oil Market was valued at USD 10.28 Billion in 2018 and is expected to reach USD 14.63 Billion by year 2026, at a CAGR of 4.5%. The global refrigeration oil market is majorly driven by the growing demand for consumer appliances such refrigerators and air conditioners. • Further key findings from the report suggest • The refrigeration oil market is growing at a CAGR of 2 %in Asia Pacific followed by North America and Europe, with 4.3 % and 3.9% CAGR, respectively. The high refrigeration oil market across the globe is the key factor in accelerating market growth during the forecast period across all regions. • Hydro chlorofluorocarbon has the highest market share of 35% in the global market. • Hydro fluorocarbon is expected to be the fastest-growing market segment during forecast period 2019-2026 with a CAGR of 5.4%. www.reportsanddata.com
Market Summary Key Players: JXTG Holdings Inc., BASF SE, China Petrochemical Corporation, Shell Global, Exxon Mobil Corporation, Total, Meiwa Corporation, Indian Oil Corporation Ltd , Behr Hella Service Gmbh, Cosmo Oil Lubricants Co. Ltd., Calumet Specialty Products Partners, L.P., Lubriplate Lubricants Company, Petronas, Petro-Canada Lubricants Inc., and Idemitsu Kosan Co. Segmentation: • Segmentation by Types: • Hydro Chlorofluorocarbon • Chlorofluorocarbon • Hydro Fluorocarbon • Ammonia Get Access to Report Sample by clicking here: https://www.reportsanddata.com/sample-enquiry-form/1915 www.reportsanddata.com
Market Summary • Segmentation by Application: • Air Conditioners • Coolers • Chillers • Refrigerators • Condensers • Regional Outlook for Refrigeration Oil Market analyses the following geographies: • North America (United States, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Colombia, etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Grab this report at an amazing discount here @ https://www.reportsanddata.com/discount-enquiry-form/1463 www.reportsanddata.com
The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
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