Refrigeration Oil Market - Rising Demand For Compressors From F&B Industry Drives the Market By 2025
Refrigeration oil is a special high-temperature formulation composed of additives and oil which provides lubrication to compressors. This oil is basically derived from either synthetic or mineral oil. Mineral oils were the prime oils used in refrigeration systems; however, they are no longer suitable for the new refrigerants, mainly due to their insufficient lubricity and miscibility. On the other hand, synthetic oils such as polyolester and alkylbenzene are suited to meet the various requirements of refrigerants. Consequently, the rising demand for compressors from the food & beverages industry is likely to drive the refrigeration oil market. The shift toward frozen and chilled food products is predicted to boost the demand for compressors. For instance, the varying food habits of consumers resulted in the opening of numerous franchisees of stores such as Subway, McDonald’s, KFC, as well as local services, thereby fuelling the demand for chilled and frozen food products and ...