The "Global Refrigerants Market Size By Type, By Application, By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Refrigerants Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Oct. 11, 2023 /PRNewswire/ -- The Global Refrigerants Market is projected to grow at a CAGR of 4.40% from 2020 to 2027, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 16.34 Billion in 2019 and is expected to reach USD 22.50 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=22339
Browse in-depth TOC on "Refrigerants Market"
202 - Pages
126 – Tables
37 – Figures
Global Refrigerants Market: A Revolution in Cooling Technology
In a groundbreaking evolution that traces its roots back to 1856, the refrigerants industry has undergone transformative advancements, positioning itself as a cornerstone of modern cooling technology. These intricate chemical compounds, functioning as cooling agents in heat pumps and refrigeration cycles, have embraced the principle of phase transition, seamlessly transitioning between liquid and gas states at variable temperatures. Their applications are diverse, serving as primary working fluids in absorption refrigeration systems and secondary fluids for thermal energy transport.
Rising Demand for Refrigerants Market in Industrial and Commercial Sectors:
The demand for refrigerants has witnessed an unprecedented surge, primarily propelled by the burgeoning industrial and commercial sectors. Nations such as China, India, and Indonesia are experiencing a remarkable escalation in cooling equipment demand due to rapid industrialization and increased disposable incomes. This surge is particularly evident in the widespread adoption of air conditioning systems, leading to a global upswing in energy consumption. Industries requiring cold environments, especially in oil & gas refineries, are fostering the adoption of absorption chillers. Moreover, the rise in per capita incomes, particularly in developing economies, is driving domestic air conditioning system demand, amplifying the global refrigerants market.
Lucrative Opportunities Amid Environmental Challenges:
The global refrigerant industry offers abundant opportunities, bolstered by robust global economic growth and rising disposable incomes. Their applications in automobiles, food products, and enhanced living standards contribute significantly to Refrigerants Market expansion.
The commercial refrigeration sector is witnessing a surge in the adoption of mobile air conditioners and chillers. However, environmental concerns, particularly global warming and ozone layer depletion, have led to stringent regulations governing the use of toxic refrigerants, notably CFCs and HCFCs.
Asia-Pacific: A Dominant Refrigerants Market Force:
Asia-Pacific (APAC) emerges as the leading market, propelled by its growing economy and population. The region's industrialization and increased employment opportunities have contributed to rising disposable incomes, reinforcing its dominance in the global refrigerants market. Improved lifestyles across all financial strata further bolster the demand for refrigerants in the APAC region, making it a pivotal market amid evolving economic landscapes.
Key Players In Refrigerants Market
The "Global Refrigerants Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as Arkema SA, Daikin Industries Ltd., E.I. du Pont Nemours & Co., Honeywell International, Mexichem SA, Dongyue Group, Navin Fluorine International Ltd., The Chemours Company, The Linde Group, and SRF Ltd.
The global refrigerants market is amidst a significant growth phase, driven by industrialization, increased incomes, and the rising demand for advanced cooling systems. As opportunities abound, businesses are navigating stringent environmental regulations to sustain this growth. APAC stands as a beacon of potential, reflecting the industry's resilience and adaptability in the face of evolving challenges.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Refrigerants Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Refrigerants Market into Type, Application, And Geography.
- Refrigerants Market, by Type
- HFC
- CFC
- Azeotropic
- Others
- Refrigerants Market, by Application
- AC
- Refrigeration
- Others
- Refrigerants Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Low GWP Refrigerants Market By Type (Hydrocarbons, Fluorocarbons, Inorganics), By Application (Industrial Refrigeration, Mobile Air-Conditioning), By Geography, And Forecast
Secondary Refrigerants Market By Type (Glycols, Salt Brines), By Application (Commercial Refrigeration, Industrial Refrigeration), By End-User (Oil and Gas, Pharmaceuticals), By Geography, And Forecast
Refrigeration Oil Market By Product Type (Mineral Oil, Synthetic Oil), By Applications (Air Conditioner, Refrigerator and Freezer), By Geography, And Forecast
Aerosol Refrigerants Market By Product (Aluminum Aerosol Refrigerants, Steel Aerosol Refrigerants), By Application (Household, Industrial), By Geography, And Forecast
Top 5 Industrial Refrigeration Manufacturers meeting mass refrigeration needs
Visualize Refrigerants Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/refrigerants-market-size-worth-usd-22-50-billion-globally-by-2027-at-4-40-cagr-verified-market-research-301953586.html
Voltar noticias em Inglês