The refrigerants market size is anticipated to reach USD 22.16 billion by 2026 growing at a CAGR of 4.4% from 2019 to 2026 according to a new report published by Polaris Market Research. The report ‘Refrigerant Market Share, Size, Trends, & Industry Analysis Report, [By Product (Inorganics, Fluorocarbons, Hydrocarbons), By Application (Domestic, Light Commercial, Commercial, Industrial, Air Conditioning, Heat Pumps) By Regions]: Segment Forecast, 2018 – 2026’ provides insights on the current market scenario and the future prospects.
Refrigerants can be defined as the heat transfer medium that absorb heat at low temperature and pressure, by means of evaporation and give up heat by means of condensation at high temperature and pressure. Suitable and good refrigerants can be defined as those having properties such as good stability, non-toxicity, non-flammability, and having atmospheric boiling point in between the range of – 40 degree Celsius to 0 degree Celsius.
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The main applications of refrigerants include chillers, air conditioners, heat pumps, refrigerators both large scale and domestic. Improvement in economic conditions across the globe has contributed to a rise in disposable income, increase in standard of living and has spurred a rise in urbanization thus contributing to a rise in sale of domestic appliances such as refrigerators. This trend is expected to benefit the refrigerants market growth over the forecast period.
Refrigerators are used widely in the medical sector. They are used in laboratories, pharmacies, for uses such as storage of medicine, and other equipments. The medical sector has experienced a rapid growth particularly in areas such as Asia Pacific. Thus, the growth of the medical sector is expected to in turn compliment the growth of the refrigerants market over the forecast period.
There is a major role played by refrigerators in the overall food value chain. The temperature control of perishable food items at all steps of value chain is critical, and refrigerators play an important role in doing so. It is essential for preserving the flavor, vitamin content, texture as well as the color of the food item. Growing population, scarce resources and demand for packaged food has contributed to a growth in the food & beverage industry, and this trend is expected to continue over the forecast period, thus complementing refrigerant market growth.
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Refrigerants Product Outlook (Revenue, USD Million, 2015 – 2026)
- Air Conditioners
- Single Split
- Multi Split
- Portable
- Mobile Air Conditioners
- Heat Pumps
- Chillers
- Centrifugal Chillers
- Displacement Chillers
- Refrigerators
- Heat Pumps
Refrigerants Application Outlook (Revenue, USD Million, 2015 – 2026)
- EOR Operations
- Industrial
- Agriculture
- Others
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The global refrigerants market size is anticipated to reach USD 22.16 billion by 2026 growing at a CAGR of 4.4% from 2019 to 2026 according to a new report published by Polaris Market Research.
Request for sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/refrigerant-market/request-for-sample Zeotrope and azeotrope are the two major and basic classifications of refrigerant chemistry.
Two or more refrigerants can be blended to achieve properties suitable for customer requirements.
Major customers in this market demand refrigerants which are ozone saving, have wide applicability, is less costly and is suitable for the compressor type.
According to the Montreal Protocol, the Ozone Depletion Potential (ODP) of a refrigerant has to be zero.
Improvement in economic conditions across the globe has contributed to a rise in disposable income, increase in standard of living and has spurred a rise in urbanization thus contributing to a rise in sale of domestic appliances such as refrigerators.
The global refrigerants market size is anticipated to reach USD 22.16 billion by 2026 growing at a CAGR of 4.4% from 2019 to 2026 according to a new report published by Polaris Market Research.
Request for sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/refrigerant-market/request-for-sample Zeotrope and azeotrope are the two major and basic classifications of refrigerant chemistry.
Two or more refrigerants can be blended to achieve properties suitable for customer requirements.
Major customers in this market demand refrigerants which are ozone saving, have wide applicability, is less costly and is suitable for the compressor type.
According to the Montreal Protocol, the Ozone Depletion Potential (ODP) of a refrigerant has to be zero.
Improvement in economic conditions across the globe has contributed to a rise in disposable income, increase in standard of living and has spurred a rise in urbanization thus contributing to a rise in sale of domestic appliances such as refrigerators.
The refrigerants market size is anticipated to reach USD 22.16 billion by 2026 growing at a CAGR of 4.4% from 2019 to 2026 according to a new report published by Polaris Market Research.
The report ‘Refrigerant Market Share, Size, Trends, & Industry Analysis Report, [By Product (Inorganics, Fluorocarbons, Hydrocarbons), By Application (Domestic, Light Commercial, Commercial, Industrial, Air Conditioning, Heat Pumps) By Regions]: Segment Forecast, 2018 – 2026’ provides insights on the current market scenario and the future prospects.Refrigerants can be defined as the heat transfer medium that absorb heat at low temperature and pressure, by means of evaporation and give up heat by means of condensation at high temperature and pressure.
Suitable and good refrigerants can be defined as those having properties such as good stability, non-toxicity, non-flammability, and having atmospheric boiling point in between the range of – 40 degree Celsius to 0 degree Celsius.Zeotrope and azeotrope are the two major and basic classifications of refrigerant chemistry.
Two or more refrigerants can be blended to achieve properties suitable for customer requirements.
Agencies such as the American Society of Heating, Refrigerating, and Air-Conditioning Engineers, Inc. (ASHRAE) have defined the nomenclature as well as standards to be used for refrigerants.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/refrigerant-market/request-for-sampleRefrigerators are used widely in the medical sector.
The medical sector has experienced a rapid growth particularly in areas such as Asia Pacific.
