Refrigeration Lubricants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Base Oil (Mineral Oil Lubricants and Synthetic Lubricants), Application (Air Conditioning and Refrigeration), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

Bio-based Adhesives Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %

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Market Overview

The refrigeration lubricants market is expected to register a CAGR of around 3% during the forecast period. The expansion of the emergence of new generation refrigeration lubricants optimized for the energy efficiency market is expected to drive the demand for the market, during the forecast period.

  • Phasing out of existing refrigerants due to constant regulations amendments is likely to hinder the market growth.
  • Increase in the exploration of natural gas is projected to act as an opportunity for the market, in the future.

Scope of the Report

The refrigeration lubricants market report includes:

Base Oil
Mineral Oil Lubricants
Paraffinic Oil
Naphthenic Oil
Aromatic Oil
Synthetic Lubricants
Synthetic Hydrocarbon
Polyalphaolefin (PAO)
Alkylated Aromatics
Polyol Ester
Phosphate Ester
Polymer Ester
Polyalkylene Glycols (PAG)
Other Synthetic Lubricants
Air Conditioning
Others (Rail, Road, Airways, and Marine)
Others (Stationary Applications)
Refrigeration (Household, Industrial, and Cryogenics)
Asia Pacific
South Korea
ASEAN Countries
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
South Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Air Conditioning – The Largest Application

  • Air conditioning lubricants have multiple purposes, such as removing heat, lubricating moving parts, acting as a sealant, and cooling the key parts of compressors.
  • Compressors are the central components of many air conditioning appliances implemented for residential and commercial houses, automobiles, and other industrial equipment.
  • Some major features of refrigeration lubricants include high resistance to oxidation, resistance to thermal degradation, non-foaming, water separation, anti-wear properties, and corrosion resistance.
  • Petroleum refineries are one of the major consumers of refrigeration lubricants, as some of the major processes are subjected to refrigeration. Globally, the increasing consumption of air conditioners for commercial and residential purposes is estimated to boost the refrigeration lubricants market.
Bio-based Adhesives Market Revenue Share

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Asia-Pacific to Dominate the Market

  • The Asia-Pacific region was the largest market for refrigeration lubricants.
  • The rising demand for refrigeration lubricants can be attributed to the increasing usage of air conditioning systems for domestic and industrial applications.
  • China dominated the market, due to the growing population in urban areas, and increasing use of lubricant refrigerants replacing gaseous lubricants, due to emission problems associated them. The growing Chinese cold chain logistics industry, which constitutes refrigeration trucks and cold storages, is one of the major drivers of the market.
  • In India, owing to the increasing per capita income, and the rising living standards and high-end luxuries, like cars, air conditioners are on the verge of becoming a necessity, which is driving the demand for refereration lubricants in the Indian market.
  • With rising demand from end-user industries, the consumption of refrigeration lubricants is projected to increase during the forecast period.
Bio-based Adhesives Market Regional Trends

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Competitive Landscape

The global refrigeration lubricants market has higher degree of fragmentation, owing to multiple emission regulations in various countries. Key players in the market include BASF SE, FUCHS Lubricants, Chevron Phillips Chemical Company, ExxonMobil Corporation, and Royal Dutch Shell PLC, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Emergence of New Generation Refrigeration Lubricants Optimized for Energy Efficiency

      2. 4.1.2 Increasing Momentum in the Global HVACR Industry

      3. 4.1.3 Increasing Demand from the Automotive Industry

    2. 4.2 Restraints

      1. 4.2.1 Phasing Out of Existing Refrigerants Due to Constant Regulations Amendments

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 Base Oil

      1. 5.1.1 Mineral Oil Lubricants

        1. Paraffinic Oil

        2. Naphthenic Oil

        3. Aromatic Oil

      2. 5.1.2 Synthetic Lubricants

        1. Synthetic Hydrocarbon

          1. Polyalphaolefin (PAO)

          2. Alkylated Aromatics

          3. Polybutene

        2. Ester

          1. Diester

          2. Polyol Ester

          3. Phosphate Ester

          4. Polymer Ester

        3. Polyalkylene Glycols (PAG)

        4. Other Synthetic Lubricants

      3. 5.1.3 Others

    2. 5.2 Application

      1. 5.2.1 Air Conditioning

        1. Transportation

          1. Automotive

          2. Others (Rail, Road, Airways, and Marine)

        2. Others (Stationary Applications)

      2. 5.2.2 Refrigeration (Household, Industrial, and Cryogenics)

    3. 5.3 Geography

      1. 5.3.1 Asia Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. ASEAN Countries

        6. Australia & New Zealand

        7. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Mexico

        3. Canada

        4. Rest of North America

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. South Africa

        2. Qatar

        3. United Arab Emirates

        4. Saudi Arabia

        5. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 BP PLC

      3. 6.4.3 BVA Oil

      4. 6.4.4 Chemtura Corporation

      5. 6.4.5 Chevron Corporation

      6. 6.4.6 Citgo Petroleum Corporation

      7. 6.4.7 Exxon Mobil Corporation

      8. 6.4.8 Fuchs

      9. 6.4.9 Idemitsu Kosan Co. Ltd

      10. 6.4.10 Isel

      11. 6.4.11 JXTG Nippon Oil & Energy Corporation

      12. 6.4.12 Kluber Lubrication

      13. 6.4.13 Matrix Specialty Lubricants B

      14. 6.4.14 National Refrigerants Inc.

      15. 6.4.15 Parker Hannifin Corp.

      16. 6.4.16 Petronas Lubricants International

      17. 6.4.17 Royal Dutch Shell

      18. 6.4.18 Sonneborn LLC

      19. 6.4.19 TOTAL (Total Specialties USA Inc.)

      20. 6.4.20 Xaerus Lubricants Fluids International

      21. 6.4.21 Tazzetti SpA

    5. *List Not Exhaustive

    1. 7.1 Augmenting Prominence for Nano Lubricant Technology

    2. 7.2 Gain in Demand from Cryogenic Applications

**Subject to Availability

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Frequently Asked Questions

The Refrigeration Lubricants Market market is studied from 2016 - 2026.

The Refrigeration Lubricants Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BASF SE, FUCHS Lubricants, Chevron Phillips Chemical Company, ExxonMobil Corporation, Royal Dutch Shell PLC are the major companies operating in Refrigeration Lubricants Market.

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