Refrigeration
is the process of cooling a substance or an area below the temperature of the
surroundings. The refrigerants follow a cycle which includes
vapour-compression, absorption, steam ejection and air. Along with
refrigerants, ascends the need for refrigerant oils. Oil is added in the
refrigeration system to lubricate compressor bearings and other moving parts.
Global refrigeration oil market is segmented based on different criteria such
as base oil type, refrigerant type, end user and by geography. Different types
of base oil include mineral oil, alkyl benzene oil (AB), poly alpha olefins
(PAO), poly alkylene glycols (PAG) and polyol ester oil (POE).
Chloroflurocarbon (CFC), hydrochloroflurocarbon (HCFC), hydroflurocarbon (HFC)
and other refrigerants are taken into consideration while segmenting the market
by refrigerant types. Various end users of refrigeration oil include
automobiles, household, commercial and industrial.
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Oil Market”, Download Sample Brochure of the Premium Report:
Global
refrigerant oil market is estimated to grow at a considerable CAGR of 4.4% from
2015 to 2020. In 2014, Asia-Pacific (APAC) region occupied 38.2% share in the
global refrigerant oil market, owing to the presence of numerous refrigerant
oil providers and end user industries. For the period of 2015 to 2020, it is
estimated that the APAC market will grow at a high CAGR of 5.7%. America held
the second major share followed by Europe and rest of the world (RoW).
Strong demand for HFC in
consumer durables and the automotive industry is one of the major drivers for
refrigeration oil market.
Growing
urbanization makes it inevitable for the OEMs to increase production of air
conditioners and refrigerators in people rich countries. Because of the fast
pace in growth of consumer electronics market, there is an upsurge in the
demand for refrigerant oils especially in the developing countries.
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Oil”, Follow the Below Link:
The
selection of refrigerants which are compatible with environment and do not emit
greenhouse gasses (GHG) is a daunting task. An ideal refrigerant should be
compatible with the environmental policies, should be non-toxic and
non-flammable and should also be commercially available. On the contrary,
recent amendments through Montreal protocol and regulations have affected the
choice of refrigerants in end products. However, the natural refrigerants which
are in usage as alternative to phase-out refrigerants are estimated to rule the
future market.
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Details Contact:
Sanjay Matthews
Business Development Manager
Email: sales@industryarc.com
Phone: 1- 614-588-8538 (Ext-101)
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