Top Market Leader- Refrigeration Oil Market
The refrigeration oil market size is projected to reach USD 1.4 billion by 2026 from USD 1.1 billion in 2021, at a CAGR of 4.1%. Growing demand for frozen food and in the pharmaceutical industry is expected to support the growth of the refrigeration oil market. However, huge investment in R&D and strict rules to limit the use of fluorocarbon refrigerants is restraining the growth of the market....
Refrigeration Oil Market Competitive Analysis and Forecast 2024
The refrigeration oil market size is projected to reach USD 1.4 billion by 2024 from USD 1.1 billion in 2019, at a CAGR of 4.7% between 2019 and 2024. The increasing demand for refrigerators & freezers from the food and pharmaceutical industries to preserve packaged food items and drugs is one of the major factors to drive the demand for the refrigeration oil market. Stringent regulations...