Europe Refrigeration Oil Market Size study, by Type (Synthetic oil, Mineral oil) by Application (Refrigerators & Freezers, Air Conditioner, Automotive AC System, Aftermarket) and Country Forecasts 2022-2032
Europe Refrigeration Oil Market is valued at approximately at USD 242.0 million in 2023 and is anticipated to grow with a growth rate of more than 4.87% over the forecast period 2024-2032. refrigeration oil plays a crucial part in refrigeration systems by lubricating compressors that circulate refrigerant to absorb heat indoors and release it outside. It functions as a seal to stop refrigerant leaks, lowers friction, preventing heat and wear, and enhances heat transmission by clearing debris. These features increase compressor lifetime and efficiency, which makes refrigeration oil essential to preserving system performance. The rise in advancements in compressor technology is a key trend that is supporting the growth of the Europe Refrigeration Oil Market at a substantial rate. Advancements in compressor technology, such as variable speed compressors and oil-free compressors, are influencing the type and quality of refrigeration oils used. There is a growing demand for oils that enhance the efficiency of these advanced compressor systems.
The stipulating demand of the cold chain logistics is acting as a catalyzing factor for the growth of the Europe Refrigeration Oil Market. The growing requirement for temperature-sensitive product transportation has led to the rise of cold chain logistics in Europe, which in turn has increased the demand for reliable refrigeration systems and oils to preserve product quality and safety throughout storage and transit. Moreover, the region's stringent energy efficiency and environmental protection regulations have spurred demand for refrigeration oil. Implementing measures to promote energy-efficient cooling systems and eco-friendly refrigerants has heightened the need for compatible products, driving market demand in Europe. Furthermore, rise in integration of smart technologies and demand from the HVAC and automotive sectors also play significant roles. These factors collectively shape the market by emphasizing sustainability, technological innovation, and adherence to industry standards. However, the market expansion is anticipated to be restrained by strict laws limiting the usage of fluorocarbon refrigerants as well as the environmental effects connected with their use during the projected period of 2024–2032.
The key countries considered for the Europe Refrigeration Oil Market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the dominating region in terms of revenue. Germany boasts a robust food & beverage industry, with a significant demand for commercial refrigeration for food storage and processing. This reliance on refrigeration leads to a steady demand for refrigeration oil. Ain addition, stringent environmental regulations promoting eco-friendly refrigerants, a strong focus on energy efficiency and sustainability, technological advancements in compressor technology, and the growing demand for cold chain logistics and food safety are further attributing to the regional market expansion at a substantial rate. Whereas, the market in UK is expected to grow at the fastest rate over the forecast period.
Major market player included in this report are:
BASF SE
INEOS Group Limited
Shell plc
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10
The detailed segments and sub-segment of the market are explained below:
By Type
Synthetic oil
Mineral oil
By Application
Refrigerators & Freezers
Air Conditioner
Automotive AC System
Aftermarket
By Region:
Europe
UK
Germany
France
Spain
Italy
ROE
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
The stipulating demand of the cold chain logistics is acting as a catalyzing factor for the growth of the Europe Refrigeration Oil Market. The growing requirement for temperature-sensitive product transportation has led to the rise of cold chain logistics in Europe, which in turn has increased the demand for reliable refrigeration systems and oils to preserve product quality and safety throughout storage and transit. Moreover, the region's stringent energy efficiency and environmental protection regulations have spurred demand for refrigeration oil. Implementing measures to promote energy-efficient cooling systems and eco-friendly refrigerants has heightened the need for compatible products, driving market demand in Europe. Furthermore, rise in integration of smart technologies and demand from the HVAC and automotive sectors also play significant roles. These factors collectively shape the market by emphasizing sustainability, technological innovation, and adherence to industry standards. However, the market expansion is anticipated to be restrained by strict laws limiting the usage of fluorocarbon refrigerants as well as the environmental effects connected with their use during the projected period of 2024–2032.
The key countries considered for the Europe Refrigeration Oil Market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the dominating region in terms of revenue. Germany boasts a robust food & beverage industry, with a significant demand for commercial refrigeration for food storage and processing. This reliance on refrigeration leads to a steady demand for refrigeration oil. Ain addition, stringent environmental regulations promoting eco-friendly refrigerants, a strong focus on energy efficiency and sustainability, technological advancements in compressor technology, and the growing demand for cold chain logistics and food safety are further attributing to the regional market expansion at a substantial rate. Whereas, the market in UK is expected to grow at the fastest rate over the forecast period.
Major market player included in this report are:
BASF SE
INEOS Group Limited
Shell plc
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10
The detailed segments and sub-segment of the market are explained below:
By Type
Synthetic oil
Mineral oil
By Application
Refrigerators & Freezers
Air Conditioner
Automotive AC System
Aftermarket
By Region:
Europe
UK
Germany
France
Spain
Italy
ROE
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
CHAPTER 1. EUROPE REFRIGERATION OIL MARKET DEFINITION AND RESEARCH ASSUMPTIONS
1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
1.3.1. Inclusion & Exclusion
1.3.2. Limitations
1.3.3. Supply Side Analysis
1.3.3.1. Availability
1.3.3.2. Infrastructure
1.3.3.3. Regulatory Environment
1.3.3.4. Market Competition
1.3.3.5. Economic Viability (Consumer’s Perspective)
1.3.4. Demand Side Analysis
1.3.4.1. Regulatory frameworks
1.3.4.2. Technological Advancements
1.3.4.3. Environmental Considerations
1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Europe Refrigeration Oil Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
2.3.1. By Type
2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion
CHAPTER 3. EUROPE REFRIGERATION OIL MARKET DYNAMICS
3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities
CHAPTER 4. EUROPE REFRIGERATION OIL MARKET: INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 1. EUROPE REFRIGERATION OIL MARKET SIZE & FORECASTS BY TYPE 2022-2032
1.1. Synthetic oil
1.2. Mineral oil
CHAPTER 2. EUROPE REFRIGERATION OIL MARKET SIZE & FORECASTS BY APPLICATION 2022-2032
2.1. Refrigerators & Freezers
2.2. Air Conditioner
2.3. Automotive AC System
2.4. Aftermarket
CHAPTER 3. EUROPE REFRIGERATION OIL MARKET SIZE & FORECASTS BY COUNTRY 2022-2032
3.1. U.K. Refrigeration Oil Market
3.1.1. Type breakdown size & forecasts, 2022-2032
3.1.2. Application breakdown size & forecasts, 2022-2032
3.2. Germany Refrigeration Oil Market
3.3. France Refrigeration Oil Market
3.4. Spain Refrigeration Oil Market
3.5. Italy Refrigeration Oil Market
3.6. Rest of Europe Refrigeration Oil Market
CHAPTER 4. COMPETITIVE INTELLIGENCE
4.1. Key Company SWOT Analysis
4.1.1. Company
4.1.2. Company
4.1.3. Company
4.2. Top Market Strategies
4.3. Company Profiles
4.3.1. BASF SE
4.3.1.1. Key Information
4.3.1.2. Overview
4.3.1.3. Financial (Subject to Data Availability)
4.3.1.4. Product Summary
4.3.1.5. Market Strategies
4.3.2. INEOS Group Ltd.
4.3.3. Shell Plc
4.3.4. Company
4.3.5. Company
4.3.6. Company
4.3.7. Company
4.3.8. Company
4.3.9. Company
4.3.10. Company
CHAPTER 5. RESEARCH PROCESS
5.1. Research Process
5.1.1. Data Mining
5.1.2. Analysis
5.1.3. Market Estimation
5.1.4. Validation
5.1.5. Publishing
5.2. Research Attributes
1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
1.3.1. Inclusion & Exclusion
1.3.2. Limitations
1.3.3. Supply Side Analysis
1.3.3.1. Availability
1.3.3.2. Infrastructure
1.3.3.3. Regulatory Environment
1.3.3.4. Market Competition
1.3.3.5. Economic Viability (Consumer’s Perspective)
1.3.4. Demand Side Analysis
1.3.4.1. Regulatory frameworks
1.3.4.2. Technological Advancements
1.3.4.3. Environmental Considerations
1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Europe Refrigeration Oil Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
2.3.1. By Type
2.3.2. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion
CHAPTER 3. EUROPE REFRIGERATION OIL MARKET DYNAMICS
3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities
CHAPTER 4. EUROPE REFRIGERATION OIL MARKET: INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 1. EUROPE REFRIGERATION OIL MARKET SIZE & FORECASTS BY TYPE 2022-2032
1.1. Synthetic oil
1.2. Mineral oil
CHAPTER 2. EUROPE REFRIGERATION OIL MARKET SIZE & FORECASTS BY APPLICATION 2022-2032
2.1. Refrigerators & Freezers
2.2. Air Conditioner
2.3. Automotive AC System
2.4. Aftermarket
CHAPTER 3. EUROPE REFRIGERATION OIL MARKET SIZE & FORECASTS BY COUNTRY 2022-2032
3.1. U.K. Refrigeration Oil Market
3.1.1. Type breakdown size & forecasts, 2022-2032
3.1.2. Application breakdown size & forecasts, 2022-2032
3.2. Germany Refrigeration Oil Market
3.3. France Refrigeration Oil Market
3.4. Spain Refrigeration Oil Market
3.5. Italy Refrigeration Oil Market
3.6. Rest of Europe Refrigeration Oil Market
CHAPTER 4. COMPETITIVE INTELLIGENCE
4.1. Key Company SWOT Analysis
4.1.1. Company
4.1.2. Company
4.1.3. Company
4.2. Top Market Strategies
4.3. Company Profiles
4.3.1. BASF SE
4.3.1.1. Key Information
4.3.1.2. Overview
4.3.1.3. Financial (Subject to Data Availability)
4.3.1.4. Product Summary
4.3.1.5. Market Strategies
4.3.2. INEOS Group Ltd.
4.3.3. Shell Plc
4.3.4. Company
4.3.5. Company
4.3.6. Company
4.3.7. Company
4.3.8. Company
4.3.9. Company
4.3.10. Company
CHAPTER 5. RESEARCH PROCESS
5.1. Research Process
5.1.1. Data Mining
5.1.2. Analysis
5.1.3. Market Estimation
5.1.4. Validation
5.1.5. Publishing
5.2. Research Attributes
LIST OF TABLES
TABLE 1. Europe Refrigeration Oil Market, report scope
TABLE 2. Europe Refrigeration Oil Market estimates & forecasts by Country 2022-2032 (USD Million)
TABLE 3. Europe Refrigeration Oil Market estimates & forecasts by Type 2022-2032 (USD Million)
TABLE 4. Europe Refrigeration Oil Market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 5. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12. Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 13. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million) Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 14. UK Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. UK Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 16. UK Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 17. Germany Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 18. Germany Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 19. Germany Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 20. France Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 21. France Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 22. France Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 23. Italy Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 24. Italy Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 25. Italy Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 26. Spain Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 27. Spain Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 28. Spain Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 29. RoE Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 30. RoE Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 31. RoE Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 32. List of secondary sources, used in the study of Europe Refrigeration Oil Market.
TABLE 33. List of primary sources, used in the study of Europe Refrigeration Oil Market.
TABLE 34. Years considered for the study.
TABLE 35. Exchange rates considered
TABLE 1. Europe Refrigeration Oil Market, report scope
TABLE 2. Europe Refrigeration Oil Market estimates & forecasts by Country 2022-2032 (USD Million)
TABLE 3. Europe Refrigeration Oil Market estimates & forecasts by Type 2022-2032 (USD Million)
TABLE 4. Europe Refrigeration Oil Market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 5. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12. Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 13. Europe Refrigeration Oil Market by segment, estimates & forecasts, 2022-2032 (USD Million) Europe Refrigeration Oil Market by country, estimates & forecasts, 2022-2032 (USD Million)
TABLE 14. UK Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 15. UK Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 16. UK Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 17. Germany Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 18. Germany Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 19. Germany Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 20. France Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 21. France Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 22. France Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 23. Italy Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 24. Italy Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 25. Italy Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 26. Spain Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 27. Spain Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 28. Spain Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 29. RoE Refrigeration Oil Market estimates & forecasts, 2022-2032 (USD Million)
TABLE 30. RoE Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 31. RoE Refrigeration Oil Market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 32. List of secondary sources, used in the study of Europe Refrigeration Oil Market.
TABLE 33. List of primary sources, used in the study of Europe Refrigeration Oil Market.
TABLE 34. Years considered for the study.
TABLE 35. Exchange rates considered
LIST OF FIGURES
FIG 1. Europe Refrigeration Oil Market, research methodology
FIG 2. Europe Refrigeration Oil Market, market estimation techniques
FIG 3. Europe market size estimates & forecast methods.
FIG 4. Europe Refrigeration Oil Market, key trends 2023
FIG 5. Europe Refrigeration Oil Market, growth prospects 2022-2032
FIG 6. Europe Refrigeration Oil Market, porters 5 force model
FIG 7. Europe Refrigeration Oil Market, pestel analysis
FIG 8. Europe Refrigeration Oil Market, value chain analysis
FIG 9. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 10. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 11. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 12. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 13. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 14. Europe Refrigeration Oil Market, Country snapshot 2022 & 2032
FIG 15. Europe Refrigeration Oil Market 2022 & 2032 (USD Million)
FIG 16. Europe Refrigeration Oil Market, company market share analysis (2023)
FIG 1. Europe Refrigeration Oil Market, research methodology
FIG 2. Europe Refrigeration Oil Market, market estimation techniques
FIG 3. Europe market size estimates & forecast methods.
FIG 4. Europe Refrigeration Oil Market, key trends 2023
FIG 5. Europe Refrigeration Oil Market, growth prospects 2022-2032
FIG 6. Europe Refrigeration Oil Market, porters 5 force model
FIG 7. Europe Refrigeration Oil Market, pestel analysis
FIG 8. Europe Refrigeration Oil Market, value chain analysis
FIG 9. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 10. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 11. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 12. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 13. Europe Refrigeration Oil Market by segment, 2022 & 2032 (USD Million)
FIG 14. Europe Refrigeration Oil Market, Country snapshot 2022 & 2032
FIG 15. Europe Refrigeration Oil Market 2022 & 2032 (USD Million)
FIG 16. Europe Refrigeration Oil Market, company market share analysis (2023)
