Market Overview: The refrigeration oil market is expected to witness a steady growth rate of 4.2% in terms of value, progressing from USD 1,147.6 Million in 2020 to reach USD 1,618.1 Million by 2028. Refrigeration oil plays a vital role in lubricating compressor systems within refrigeration units, enabling the generation of cold air. By reducing friction between metal parts, the oil minimizes...