The global refrigeration oil market, valued at USD 1.18 billion in 2024, is on a steady upward trajectory, projected to expand at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2034. This growth reflects the increasing reliance on refrigeration systems across residential, commercial, and industrial settings, driven by the rapid pace of urbanization, expansion of the food cold chain,...
The global refrigeration oil market, valued at USD 1.18 billion in 2024, is projected to expand at a compound annual growth rate of 7.2% from 2025 to 2034, driven by escalating demand for efficient thermal management systems across industrial, commercial, and residential sectors. This growth trajectory is not uniform, however, as regional disparities in regulatory frameworks, energy policies,...
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