North America Refrigeration Oil Market Size & Outlook
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North America refrigeration oil market highlights
- The North America refrigeration oil market generated a revenue of USD 247.8 million in 2025.
- The market is expected to grow at a CAGR of 6.2% from 2026 to 2033.
- In terms of segment, synthetic was the largest revenue generating type in 2025.
- Mineral is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2026 to 2033.
North America data book summary
| Market revenue in 2025 | USD 247.8 million |
| Market revenue in 2033 | USD 398.5 million |
| Growth rate | 6.2% (CAGR from 2026 to 2033) |
| Largest segment | Synthetic |
| Fastest growing segment | Mineral |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral, Synthetic, Semi-synthetic |
| Key market players worldwide | INEOS, Idemitsu Kosan Co Ltd, Exxon Mobil Corp, Shell PLC, TotalEnergies SE, China Petroleum & Chemical Corp Class H, Fuchs SE Registered Shares, PETRONAS Lubricants International, Johnson Controls International PLC |
Other key industry trends
- In terms of revenue, North America region accounted for 21.7% of the global refrigeration oil market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Europe is the fastest growing regional market and is projected to reach USD 660.7 million by 2033.
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Refrigeration Oil Market Scope
Refrigeration Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| PETRONAS Lubricants International | View profile | 1001-5000 | Kuala Lumpur, Kuala Lumpur, Malaysia, Asia | https://global.pli-petronas.com/ |
| Fuchs SE Registered Shares | View profile | 6338 | Einsteinstraße 11, Mannheim, Germany, 68169 | https://www.fuchs.com |
| Idemitsu Kosan Co Ltd | View profile | 19227 | 1-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8321 | http://www.idemitsu.co.jp |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
North America refrigeration oil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to refrigeration oil market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 65.09% in 2025. Horizon Databook has segmented the North America refrigeration oil market based on mineral, synthetic, semi-synthetic covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of North America refrigeration oil market databook
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Our clientele includes a mix of refrigeration oil market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America refrigeration oil market , including forecasts for subscribers. This continent databook contains high-level insights into North America refrigeration oil market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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North America refrigeration oil market size, by country, 2021-2033 (US$M)
North America Refrigeration Oil Market Outlook Share, 2025 & 2033 (US$M)
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