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. The zeotrope can be separated by distillation by carrying out the fractionalization process. Two or more refrigerants can be blended to achieve properties suitable for customer requirements. The properties that can be modified include volumetric capacity, flammability, and discharge among others. 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.
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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.
Companies have to abide by strict rules and regulations as prescribed by the regulatory agencies. Some of the major industry participants include Arkema SA, Dongyue Group Co. Ltd., Honeywell International Inc., The Chemours Company, The Linde Group, Daikin Industries Limited, Mexichem, Sinochem Group, SRF Limited, Air Liquide (Airgas Refrigerants Inc.), Gujarat Fluorochemicals Ltd., Puyang Zhongwei Fine Chemical, Harp International among others.
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Polaris Market Research has segmented the refrigerants market on the basis of product, application and region:
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.
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.
The medical sector has experienced a rapid growth particularly in areas such as Asia Pacific.
The Aerosol Propellants Market was estimated at USD 7.26 Billion in the year 2015.
The market is likely to increase during the forecast period, owing to the development and utilization of superior propellant formulations that offer improved product dispensing capabilities.
DuPont de Nemours and Company, BOC Industrial Gases, Harp International, Grillo-Werke GmbH, ExxonMobil, Unigas Europe, Aerosol Gas Ltd., and Covestro AG are a couple of the prominent players operating in the global market.
The industry is likely to see substantial growth over the years ahead, as a result of increased penetration of aerosol cans in various application sectors including medical, automotive, food processing and paints.
Owing to the heavy demand of aerosol cans in health and hygiene associated products like insect repellants and air fresheners, this in turn is likely to increase the demand for propellants over the years ahead.
Additionally, rapid urbanization along with infrastructural developments in countries like the UAE, India and China is expected to boost the consumption of cans and thus propel the product demand.
