Global Refrigeration Oil Market

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IndustryARC

Global Refrigeration Oil Market Analysis (2014 – 2020)

By Oil Type (Mineral Oil, AB, PAO, PAG and POE), By Refrigerant Type (CFC, HCFC, HFC and Others), By End Product (Air Conditioner, Chiller, Cooler, Refrigerator, etc.) and By Geography


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TABLE OF CONTENTS 1. Global Refrigeration Oil – Market Overview 2. Executive Summary 3. Global Refrigeration Oil – Market Landscape 3.1. Market Share Analysis 3.2. Comparative Analysis 3.2.1.

Product Benchmarking

3.2.2.

End user profiling

3.2.3.

Top 5 Financials Analysis

4. Global Refrigeration Oil – Market Forces 4.1. Market Drivers 4.2. Market Constraints 4.3. Market Challenges 4.4. Attractiveness of the Refrigeration Oil Industry 4.4.1.

Power of Suppliers

4.4.2.

Power of Customers

4.4.3.

Threat of New entrants

4.4.4.

Threat of Substitution

4.4.5.

Degree of Competition

5. Global Refrigeration Oil Market – Strategic Analysis 5.1. Value Chain Analysis 5.2. Pricing Analysis 5.3. Opportunities Analysis 5.4. Product/Market Life Cycle Analysis 5.5. Suppliers and Distributors


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6. Global Refrigeration Oil Market – By Oil Type 6.1. Mineral Oils 6.2. Synthetic Oils 6.2.1.Alkyl Benzene Oils (AB) 6.2.2.Poly Alpha Olefins (PAO) 6.2.3.Poly Alkylene Glycols (PAG) 6.2.4.Polyol Ester Oils (POE) 7. Global Refrigeration Oil Market – By Refrigerant Type 7.1. Chlorofluorocarbon (CFC ) 7.2. Hydro-chlorofluorocarbon (HCFC) 7.3. Hydro-fluorocarbon (HFC) 7.4. Others 8. Global Refrigeration Oil Market – By End Product 8.1. Air Conditioner 8.2. Chillers 8.3. Coolers 8.4. Ice machines 8.5. Condensing units 8.6. Refrigerators/Freezers 8.7. Others 9. Global Refrigeration Oil Market- by End User 9.1. Automobiles 9.2. Households 9.3. Commercial 9.4. Industrial


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10. Global Refrigeration Oil Market-Geographic Analysis 10.1.

Introduction

10.2.

Americas 10.2.1. North America 10.2.2. Brazil 10.2.3. Argentina 10.2.4. Mexico

10.3.

Europe 10.3.1. UK 10.3.2. France 10.3.3. Germany

10.4.

APAC 10.4.1. China 10.4.2. South Korea 10.4.3. Japan 10.4.4. Australia

10.5.

ROW

11. Market Entropy 11.1.

New Product Launches

11.2.

M&As, Collaborations, JVs and Partnerships

12. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio) 12.1.

Shell Global Solutions International B.V.

12.2.

I.S.E.L., Inc.

12.3.

Dehon Group

12.4.

Idemitsu Kosan Co Ltd


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12.5.

Du Pont (E.I.) De Nemours

12.6.

Summit Industrial Products, Inc.

12.7.

Supercool (Australia) Pty Ltd

12.8.

Sonneborn Refined Products B.V.

12.9.

Dashing Hang Co., Ltd

12.10.

Exxon Mobil Corporation

12.11.

FUCHS Lubricants Co.

12.12.

Danfoss Group Global

12.13.

Chevron Corporation

12.14.

Japan Sun Oil Company, Ltd.

12.15.

BASF SE

12.16.

Behr Hella Service GmbH

12.17.

Klueber Lubrication Australia Pty. Ltd.

12.18.

CITGO Petroleum Corporation

12.19.

Chemtura Corporation

12.20.

Camco Clean Energy plc

13. Appendix 13.1.

Abbreviations

13.2.

Sources

13.3.

Research Methodology

13.4.

Bibliography

13.5.

Compilation of Expert Insights

13.6.

Disclaimer


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1. GLOBAL REFRIEGRATION OIL– MARKET OVERVIEW 1.1. SCOPE AND DESCRIPTION With the increase of the tech savvy customers globally, there is a prerequisite condition for manufacturers to produce products that are environmental friendly, efficient enough, have longer life with less maintenance. Refrigerant oils are the oils which are used in Refrigerant systems for obtaining longer life and high performance from these systems. Refrigerants oils act as lubricants that make a refrigerant system more efficient. Global Refrigerant Oil market has been segmented into different segments such as by oil type, by refrigerant type, by end product type and by geography. The market is segmented by oil type into mineral and synthetic oils. And depending on the refrigerant types, these are classified into CFC, HCFC, HFC and Others. Each of these segments is analyzed in depth to provide a comprehensive analysis on the global refrigerant oil market. The refrigerant oil which is used depends on the end product. The report provides detailed breakdown of various types of end products and the oil used. The overall market is also presented from the perspective of different geographic regions and the key countries in each region. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided. Few of the companies that are profiled in this report include CITGO Petroleum Corporation, BASF, Chevron, Shell and Sonneborn and others. 1.2. STAKEHOLDERS The following are the key stakeholders in the Global Refrigeration Oil Market.  Refrigerant Oil Manufacturers  Service providers  Distributors  Refrigerant Systems Manufacturers  Food Storage Equipment Manufacturers  Government Regulation boards  Refrigerants and Air Conditioning Manufacturers


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2. EXECUTIVE SUMMARY Refrigerant oil market is an important growing market with the advancement in technology and change in lifestyles. . With the increase in the usage of air conditioners and refrigerators, there will be a continuous growth in the refrigerant oil market for the high performance and longer life of these systems as these oils add long life to the refrigerant systems. The particular refrigerant oil that is used for a specific refrigerant system depends on the refrigerant type used in the system and the most common refrigerants used are CFC and HCFC. Refrigerant systems are lubricated by mineral and synthetic oils like PAG, PAO, and others. Global Synthetic oil market is around 85% and rest of the market is shared by the mineral oil, thus many refrigerant oil manufacturing companies are producing more synthetic oil based products than mineral oil products. The refrigerant systems market is estimated to grow at a CAGR of 5.2% with an estimated market reach of 1.6 million metric tons by 2018 globally and likewise the refrigerant oil market is estimated to grow simultaneously. Refrigerant oil companies has products for OEM and end consumers for usage in refrigerant systems like residential and commercial Air Conditioners, residential and commercial refrigerators, medical freezers, etc. Some of the companies in this market are Dupont, Summit Industrial products, Shell Global, etc.

SAMPLE FIGURE: GLOBAL REFRIGERANT OIL MARKET SHARE, BY END PRODUCT, 2014 (%)

Source: IndustryARC Analysis, Expert Insights


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The above figure illustrates the current market share by End Product for the Global Refrigerant Oil Market. Air conditioners have major market share when compared with all the end products in this market, followed by refrigerators and condensing units. Ice machines, Coolers and Others fall into smaller market share.

SAMPLE TABLE: GLOBAL REFRIGERANT OIL MARKET REVENUE, BY GEOGRAPHY, 2014 – 2020 ($BN) By Geography

2014

2015

2016

2017

2018

2019

2020

Americas Europe APAC RoW Total

xx xx xx xx xx

xx xx xx xx xx

xx xx xx xx xx

xx xx xx xx xx

xx xx xx xx xx

xx xx xx xx xx

xx xx xx xx xx

CAGR % (20152020) xx xx xx xx xx

Source: IndustryARC Analysis, Expert Insights

Competitive landscape for each of the product types is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided.


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4. GLOBAL REFRIGERANT OIL– MARKET FORCES 4.1. MARKET DRIVERS 4.1.1. Increased Demand for Food Storage Equipment Food storage has importance from the time of human evolution. Even in ancient times when there is no technology available for food storage, people used to store food by using ice blocks and with the advancement in technology, tons of food are stored in millions of food storage units. There are many food storage products like freezers, refrigerators, etc.

SAMPLE FIGURE: U.S. REFRIGERATOR AND FREEZER SHIPMENTS, BY QUARTER, 2012 – 2014 (000’ UNITS)

Source: IndustryARC Analysis, Expert Insights

As the above graph showcases, the freezer and refrigerator shipments of U.S. in 2012 and 2013 are fluctuating in all the quarters and has a steady growth in the first two quarters of 2014.


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KEY MARKET INSIGHTS  Polyolester (POE) oils are being largely utilized for their advanced benefits of its hygroscopic nature when used with (HFC) refrigerants  BASF has announced to expand its business by constructing a new plant for polyalkylene glycol (PAG) based lubricants in Germany  Dow chemical is working with Innocentive for introducing applications for PAG  The Dow Chemical Co. product polyalkylene glycol (PAG)-based synthetic turbine fluid can meet the requirement of latest revision for GE's gas turbine lubricant  Americas and Europe has the major market for Refrigerant oil


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RESEARCH METHODOLOGY The quantitative and qualitative data collected for the global refrigerant oil market is from a combination of secondary and primary sources. Research interviews were conducted with senior executives and/or managers of leading refrigerant oil manufacturers, distributors & service companies along with R & D and regulatory institutions. These Key Opinion Leaders (KOLs) were then provided a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies and views on the overall market, including key developments and technology trends. Data from interviews is consolidated, checked for consistency and accuracy, and the final market numbers are again validated by experts. The global market was split by oil type, refrigerant type, end product type and geography based on critical inputs from primary and secondary sources, understanding of the number of companies operating in each segment and also KOL insights. We have used various secondary sources such as directories, articles, white papers, newsletters, annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and collect information for extensive technical and commercial study of the Refrigerant Oil Market. The key players in the market and its value chain were identified through secondary research and their market opinions were also gathered in a similar way through telephonic interviews and questionnaires. Collating all these data points and using ARC analytical model market numbers were derived.


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THE ARC ADVANTAGE An analytical model lies at the core of our process, ensuring logical consistency throughout our research. We complement the model with secondary data and interviews with industry experts to reflect the latest trends. With our final expert validation, we provide you with only the most accurate and actionable intelligence.

THE ARC PROCESS Analytical Method 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market 3. Assign weights to these factors in terms of their relevance and impact on the market 4. Build the Analytical Model ANALYTICAL MODEL

Base Method

1. Get a topdown estimate of the market 2. Follow it up with a bottom-up estimate of the market 3. Check forconsistency and new growth factors that are relevant over the next 10 Years

4. Build the Base model BASE MODEL

Consolidation Method 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market. 3. Assign weights to these factors in terms of their relevance and impact on the market. 4. Build the Consolidated Model

Delphi Verification 1. Verify the findings of the model with experts from across the value chain 2. Verify the findings with players across small and large enterprises 3. Tweak the model and add new factors 4. Finalize the ARC Model

CONSOLIDATED MODEL

ARC MODEL


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