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    US Refrigeration Oil Market

    ID: MRFR/CnM/18584-HCR
    111 Pages
    Chitranshi Jaiswal
    October 2025

    US Refrigeration Oil Market Research Report: By Type (Mineral Oil, Synthetic Oil, Refrigerant) and By Application (Refrigerator and Freezer, Aftermarket, Automotive AC Systems, Air Conditioners, Chillers, Others) - Forecast to 2035

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    US Refrigeration Oil Market Infographic
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    US Refrigeration Oil Market Summary

    The US Refrigeration Oil market is projected to grow from 279.3 million USD in 2024 to 459.8 million USD by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    US Refrigeration Oil Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 4.64% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 459.8 million USD, indicating a substantial increase from the base year.
    • In 2024, the market is valued at 279.3 million USD, highlighting its current economic significance.
    • Growing adoption of eco-friendly refrigerants due to environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 279.3 (USD Million)
    2035 Market Size 459.8 (USD Million)
    CAGR (2025-2035) 4.64%

    Major Players

    TotalEnergies, Mobil, Dow Chemical, ExxonMobil, Castrol, Royal Dutch Shell, Afton Chemical, PetroCanada, BPFuchs Petrolub, Havoline, Kendall, Phillips 66, Chevron, Repsol

    US Refrigeration Oil Market Trends

    The US Refrigeration Oil Market is witnessing trends that are shaping its direction and growth. A significant driver in this market is the increasing stringent regulations surrounding refrigerant emissions. The Environmental Protection Agency (EPA) has implemented mandates aimed at reducing hydrofluorocarbons (HFCs) which helps spur the demand for environmentally friendly refrigeration oils.

    In response, many manufacturers are innovating by creating synthetic and bio-based oils that align with these regulations and support sustainable practices in refrigeration. Moreover, the demand for energy-efficient refrigeration systems is on the rise, driven by industries such as food and beverage, pharmaceuticals, and HVAC applications.

    Businesses are increasingly looking for oils that improve the efficiency and longevity of their refrigeration equipment, which presents opportunities for suppliers who can offer advanced lubrication solutions. The growing trend towards industrial automation further drives the need for reliable refrigeration oils to ensure optimal performance of refrigerated systems.

    Recent trends also indicate a shift towards pre-mixed oils and ease of use formulations. This trend simplifies the maintenance process for end-users and supports the ongoing development of integrated refrigeration solutions. Another noteworthy trend is the influence of the food safety movement, which emphasizes the importance of temperature control in the cold supply chain, necessitating high-performance refrigeration oils.

    In summary, the US Refrigeration Oil Market is shaped by regulatory pressures, energy efficiency demands, the rise of automation, and the focus on food safety, providing several opportunities for manufacturers and suppliers to innovate and adapt to changing market conditions.

    Market Segment Insights

    Refrigeration Oil Market Type Insights

    The US Refrigeration Oil Market showcases a diversified landscape characterized by its Type segmentation, which includes Mineral Oil, Synthetic Oil, and Refrigerant. The overarching market reflects a growing trend, with extensive applications in both commercial and industrial refrigeration systems, which underscores the vital role these oils play in enhancing the efficiency and longevity of refrigeration units.

    Mineral Oil, a traditional choice, remains widely used due to its cost-effectiveness and availability. It is primarily derived from petroleum and has established itself as a reliable option for various cooling systems. On the other hand, Synthetic Oil has gained traction for its enhanced performance characteristics, particularly in high-temperature environments and where energy efficiency is a priority.

    Its superior thermal stability and lower volatility have led to an increased preference among manufacturers looking for long-term reliability and performance benefits in their refrigeration systems. Refrigerants, while primarily associated with the cooling process, play a critical role in conjunction with refrigeration oils, as they work synergistically to improve the overall efficiency of cooling systems.

    This segment has experienced innovations aimed at reducing environmental impact, driven by regulatory pressures and a growing awareness of sustainability. Each Type presents unique advantages and challenges, guiding consumer choices based on specific application needs.

    The overall dynamics of the US Refrigeration Oil Market reflect an increasing need for enhanced performance and sustainability, with technological advancements and evolving regulations paving the way for growth opportunities and shifting market landscapes in favor of more advanced and eco-friendly solutions. This segmentation illustrates a broader trend focused on efficiency, sustainability, and compliance in the refrigeration industry.

    Refrigeration Oil Market Application Insights

    The Application segment of the US Refrigeration Oil Market plays a crucial role in diverse industry needs, reflecting the evolving landscape of refrigeration and cooling solutions. This segment encompasses various essential applications including Refrigerator and Freezer units which are fundamental to food preservation, thereby directly impacting consumer habits and food safety.

    The Aftermarket segment is equally vital, ensuring ongoing maintenance and efficiency of existing refrigeration systems. Automotive AC Systems have gained prominence due to rising demand for effective air conditioning in vehicles, enhancing comfort during travel, specifically in hot climates prevalent in certain US regions.

    Further contributing to market dynamics, Air Conditioners are an integral part of residential and commercial spaces, driven by both comfort and energy efficiency goals as consumers seek sustainable solutions. Chillers cater to industrial applications, offering robust cooling solutions for sectors such as manufacturing and healthcare.

    Collectively, these applications not only underscore the importance of refrigeration oils in maintaining operational efficiency but also highlight growth opportunities driven by technological advancements and increasing awareness toward energy-efficient systems in the US.

    Get more detailed insights about US Refrigeration Oil Market Research Report - Forecast till 2035

    Key Players and Competitive Insights

    The US Refrigeration Oil Market is characterized by a dynamic landscape where various key players compete to establish their dominance. The market encompasses a wide range of products essential for the efficient functioning of refrigeration systems across several sectors, including commercial refrigeration, industrial cooling, and HVAC systems.

    The competitive insights reveal an intricate network of companies that focus on innovation, product quality, and customer service to cater to the specific needs of their clientele. With an increasing emphasis on energy efficiency and sustainability, companies within this market are also leveraging advancements in technology to develop oils that enhance the performance of refrigeration systems while minimizing environmental impact.

    As the industry continues to evolve with regulations and changing consumer preferences, the competitive environment remains robust and diverse. TotalEnergies has solidified its position in the US Refrigeration Oil Market through a combination of strategic initiatives and high-quality products.

    The company is known for its robust product portfolio, which includes a range of synthetic and mineral oils specifically designed for refrigeration applications. These products not only meet stringent industry standards but also contribute to enhanced energy efficiency and operational reliability.

    TotalEnergies is recognized for its commitment to sustainability, making significant strides in developing environmentally friendly oil solutions. The company's strong brand reputation, extensive distribution network, and customer-centric approach provide it with a competitive edge, allowing it to forge long-lasting partnerships while continually expanding its market presence in the United States.

    By focusing on research and development, TotalEnergies remains at the forefront of innovation, adapting to the evolving needs of the refrigeration industry. Mobil is a powerful player in the US Refrigeration Oil Market, offering a comprehensive range of specialized refrigeration oils that cater to both commercial and industrial needs.

    Known for its high-quality synthetic lubricants, Mobil’s products are specifically engineered to maximize system efficiency and longevity. The company's strong presence in the US market is backed by a reputation for reliability and performance. Mobil places a significant emphasis on innovation, investing in research and development to create cutting-edge products that meet evolving regulatory standards and customer demands.

    Additionally, Mobil engages in strategic mergers and acquisitions, strengthening its market position and expanding its portfolio. With a well-established distribution network and strong customer relationships, Mobil's commitment to quality and service enhances its competitive stance within the US Refrigeration Oil Market, enabling it to respond adeptly to market dynamics and customer needs.

    Key Companies in the US Refrigeration Oil Market market include

    Industry Developments

    The US Refrigeration Oil Market has recently witnessed several significant developments. TotalEnergies and ExxonMobil are expanding their product lines to meet the rising demand for environmentally-friendly refrigerants. Notably, in May 2023, Dow Chemical announced the launch of a new synthetic refrigeration oil designed for use with low Global Warming Potential refrigerants, pushing the boundaries of sustainability in the sector.

    The market value for companies like Shell and Mobil is on an upward trajectory due to increased investments in Research and Development for innovative oil formulations that enhance energy efficiency. Over the last couple of years, Phillips 66 made strategic moves to expand its distribution channels after the acquisition of a smaller competitor in February 2022, which was aimed at enhancing market penetration.

    Moreover, government initiatives focusing on the reduction of greenhouse gas emissions are driving companies like Afton Chemical and PetroCanada to innovate and modify their existing product portfolios. As of October 2023, ongoing trends indicate a shift towards synthetic and bio-based refrigerants, particularly in light of regulatory changes emphasizing eco-friendly solutions within the refrigeration industry.

    Market Segmentation

    Refrigeration Oil Market Type Outlook

    • Mineral Oil
    • Synthetic Oil
    • Refrigerant

    Refrigeration Oil Market Application Outlook

    • Refrigerator and Freezer
    • Aftermarket
    • Automotive AC Systems
    • Air Conditioners
    • Chillers
    • Others

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 264.6(USD Million)
    MARKET SIZE 2024 279.3(USD Million)
    MARKET SIZE 2035 459.83(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 4.637% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED TotalEnergies, Mobil, Dow Chemical, ExxonMobil, Castrol, Royal Dutch Shell, Afton Chemical, PetroCanada, BP, Fuchs Petrolub, Havoline, Kendall, Phillips 66, Chevron, Repsol
    SEGMENTS COVERED Type, Application
    KEY MARKET OPPORTUNITIES Rising demand for energy-efficient systems, Growth in food and beverage sectors, Increasing environmental regulations favoring eco-friendly oils, Expansion of cold chain logistics, Rising adoption of renewable refrigerants
    KEY MARKET DYNAMICS growing demand for energy efficiency, increasing use of eco-friendly refrigerants, stringent environmental regulations, advancements in refrigeration technology, rising end-user industries
    COUNTRIES COVERED US

    FAQs

    What is the expected market size of the US Refrigeration Oil Market in 2024?

    The US Refrigeration Oil Market is expected to be valued at 279.3 million USD in 2024.

    What is the projected market size of the US Refrigeration Oil Market by 2035?

    By 2035, the US Refrigeration Oil Market is projected to reach a value of 459.83 million USD.

    What is the expected CAGR for the US Refrigeration Oil Market from 2025 to 2035?

    The expected CAGR for the US Refrigeration Oil Market from 2025 to 2035 is 4.637%.

    Which sector holds the largest share in the US Refrigeration Oil Market?

    As of 2024, Synthetic Oil is expected to hold a significant share, valued at 130.0 million USD.

    What is the market value for Mineral Oil in the US Refrigeration Oil Market by 2035?

    The market value for Mineral Oil in the US Refrigeration Oil Market is projected to be 160.0 million USD by 2035.

    Who are the key players in the US Refrigeration Oil Market?

    Major players in the market include TotalEnergies, ExxonMobil, and Royal Dutch Shell.

    What is the expected market size for Refrigerants in the US Refrigeration Oil Market in 2024?

    The market size for Refrigerants in the US Refrigeration Oil Market is expected to be 49.3 million USD in 2024.

    What are the opportunities driving growth in the US Refrigeration Oil Market?

    The market is driven by increasing demand for energy-efficient refrigeration systems and advancements in oil formulations.

    What applications are leading the demand in the US Refrigeration Oil Market?

    Applications in HVAC systems and commercial refrigeration are the primary drivers of demand in the market.

    What is the projected growth rate for Synthetic Oil in the US Refrigeration Oil Market from 2025 to 2035?

    The growth rate for Synthetic Oil in the US Refrigeration Oil Market is expected to be substantial, with a projected market size of 215.0 million USD by 2035.

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