Refrigeration Oil Market
April 11, 2023 ⚊ 1 Min read ⚊ Views 50 ⚊ BUSINESS
Due to its superior performance in harsh environments, higher shear stability and viscosity index, and increased chemical resistance when compared to mineral oil, the synthetic oil category accounted for a significant portion of the market. On the other hand, mineral oil is used as a thermal fluid in mechanical and industrial applications since it has greater advantages over synthetic oil.
Due to the rising demand for packaged food goods, the refrigerator and freezer application category is about to expand, while air conditioners continue to dominate the market.
Latin America, North America, Europe, Asia Pacific, the Middle East & Africa, and the refrigeration oil market have all been divided geographically. Asia Pacific now has the majority of market share due to rising demand for consumer goods like refrigerators, freezers, air conditioners, and cars in the region.
