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Rising Demand for Energy-efficient Cooling Solutions to Drive the Global Refrigerant Market
Rising Demand for Energy-efficient Cooling Solutions to Drive the Global Refrigerant Market
REFRIGERANT MARKET – GLOBAL INDUSTRY DYNAMICS 2018-19, TRENDS AND FORECAST, 2020–2027

IndustryProbe has titled an upcoming report as “RefrigerantMarket – Global Industry Dynamics 2018-19, Trends and Forecast,2020–2028” to its ever growing database of reports. The report explicates themarket for refrigerant via asequence of channels that incorporate data ranging from fundamental informationto an unquestionable projection. It further includes all the primary factors thatare expected to undergo definite transformation within the market. The dataaccessible in the report therefore can be used to augment a standing of thecompany operating in the global refrigerantmarket.            

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Thereport from Industry Probe anticipates that the rising demand for energy-efficientcooling solutions coupled with increasing awareness regarding ozone depletionand global warming is predicted to fuel the market growth over the forecastperiod. Furthermore, growing industrialization in emerging countries such asIndia, China, and Japan has led to the establishment of a large number of datacenters, consecutively boosting the demand for refrigerants. Rising demand forair conditioning in automobiles to enhance comfort is also expected to drivethe market growth. The report has segmented the global refrigerant market interms of refrigerant type, product, application, and region. The refrigerantmarket is categorized based on refrigerant type into two categories: naturalrefrigerant and synthetic refrigerant.

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Based onproduct, the refrigerant market is split into hydrochlorofluorocarbons (HCFC),HFO, Hydrofluorocarbons (HFC), propane, carbon dioxide, isobutene, ammonia, andothers. The application segment is categorized into refrigeration systems, airconditioning systems, chillers, and mobile air conditioning (MAC) systems. Asper the report, various factors such as low cost, energy-efficient, andeco-friendly nature of hydrocarbons are some of the key features driving thegrowth of refrigerants. These are also increasingly preferred as the bestsubstitute for fluorocarbon-based cooling process and equipment due to its easyavailability and cheap price. Furthermore, based on the application, therefrigerant market can be classified into commercial refrigeration, domesticrefrigeration, and industrial refrigeration.

Some ofthe key players operating in the global refrigerant market are featured in thisreport to give a better competitive analysis of the market and these includeDaikin Industries Limited, Navin Fluorine International Ltd., HoneywellInternational, SRF Ltd., Dongyue Group, Arkema S.A., Linde Group, Sinochem Group,Air Liquide, Mexichem SAB de C.V., and The Chemours Company. Other playersoperating in the market include Shandong Yuan Chemical Company Limited, AirgasInc., Tazzetti SPA, A-Gas International, Sinochem Group, Hess Corporation,Engas Australasia, General Utilities, HyChill, Deepfreeze Refrigerants Inc.,and Puyang Zongwei Fine Chemical Co. Ltd.

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