![[Market Report] Global Market for Refrigeration Oils](https://image.mono.ipros.com/public/product/image/ec6/2001008311/IPROS18632554859140552207.jpeg?w=280&h=280)
[Market Report] Global Market for Refrigeration Oils
The global market for refrigerant oil is expected to achieve exceptional growth, reaching 2.21 billion USD by 2031.
The global market for refrigerant oils, a crucial component of the refrigeration industry, is expected to experience significant expansion in the coming years. The market size in 2022 was $1.46 billion, demonstrating a solid presence. According to forecasts, the market is projected to achieve substantial growth, reaching $2.21 billion in revenue by 2031. This expansion is supported by a robust compound annual growth rate (CAGR) of 4.7% during the forecast period from 2023 to 2031. Refrigerant oils play an extremely important role in the efficiency and lifespan of refrigeration systems across various industries, including food and beverage, pharmaceuticals, chemicals, and HVAC. The global refrigerant oil market consists of various types of oils tailored to specific applications and refrigerants, including mineral oils, synthetic oils, and polyol ester oils. For application methods, please check the [PDF download] button or apply directly through the related links.
- Company：Panorama Data Insights Ltd.
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