Refrigerant is a fluidic constituent used in various refrigeration systems
Refrigerant is used for cooling purpose in industries like food and beverages, pharmaceuticals, automotives and other end users. Chlorofluorocarbons and Hydrochlorofluorocarbons have become extinct due to ozone depletion and environmental concerns. In order to overcome this, natural and alternate refrigerants are used on a large scale. Alternative but effective refrigerants like CO2 R-744, R-404A, R-407C and R-410A are used as modern refrigeration techniques. These techniques are adopted to minimize environmental issues largely.
Global refrigerants market is segmented by types as fluorocarbon, chlorofluorocarbons (CFC), hydrochlorofluorocarbons (HCFC), hydrofluorocarbons (HFC), inorganics, hydrocarbons and others. Applications segment the global refrigerants market in two major types as refrigeration and air conditioning. Refrigeration includes sub-segments as domestic refrigeration, commercial refrigeration, transportation refrigeration and industrial refrigeration; and air conditioning (AC) including stationary air conditioning, chillers and mobile air conditioning.
Growth of food, beverages and automotive industry are the major driving factors of the global refrigerant market. In addition, increasing demand for refrigerants by transportation and other end user industries is rapidly driving global refrigerant market. Global warming and changing climatic patterns have led to increased use of commercial and residential air conditioners (ACs). This is another essential factor driving the global refrigerants market. Moreover, use of advanced technology in refrigeration is anticipated to drive refrigerant market for the forecast period. Stringent regulations and environmental concerns are the major factors restraining the global refrigerants market.
Global refrigerants market is segmented by geography as Europe, North America, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific is the leading geography in the global refrigerants market in terms of demand. Key participants in global refrigerants market include Daikin Industries Ltd., SRF Ltd., Honeywell International, Arkema SA, Mexichem Fluor S.A. de C.V., Solvay SA., Dongyue Group, E.I. du Pont de Nemours & Co., Gujarat Fluorochemicals Limited and Navin Fluorine International Ltd.
The report is involved in providing research reports and company profiles in the global refrigerant market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The refrigerant market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our refrigerant profiles.
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