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The “Refrigeration Lubricants Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” report has been added to ResearchAndMarkets.com’s offering.
The Global Refrigeration Lubricants Market is estimated to be valued at USD 3,285.76 million in 2021. It is expected to reach USD 3,935.51 million by 2027, registering a CAGR of 3.67% from 2022 to 2027.
Refrigeration lubricants have seen a surge in demand in the year 2021 with the increase in demand for automotive vehicles and other refrigeration applications across the globe.
Key Highlights
The emergence of new generation refrigeration lubricants optimized for energy efficiency, increasing momentum in the global HVACR industry, and recovering automotive industry are likely to drive the growth of the refrigeration lubricants market.
On the flipside, phasing out of existing refrigerants due to constant regulations amendments is expected to hinder the growth of the market.
Augmenting prominence for nano lubricant technology and gain in demand for cryogenic applications are expected to unveil new opportunities for the market studied.
Key Market Trends
Increasing Momentum in the Global HVACR Industry
HVACR (heating, ventilation, air conditioning, and refrigeration) is an important part of residential and commercial …
Full story available on Benzinga.com
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