Refrigerant Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2026

New York, NY 22 July 2019: 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.  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.

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. 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.

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. In addition, it has to possess low Global Warming Potential (GWP).

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.

Browse summary of this report with TOC @ https://www.polarismarketresearch.com/industry-analysis/refrigerant-market

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. 

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

Refrigerants Regional Outlook (Revenue, USD Million, 2015 – 2026)

  • North America
    • S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Netherlands
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE

Get Exclusive Discount on This Report @ https://www.polarismarketresearch.com/industry-analysis/refrigerant-market/request-for-discount-pricing

About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact Us:
Mr. Likhil
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

Elina Park

Elina Is Business Journalist Carrying Experience For More than 5 Years, She is an active contributor to various business blogs

Leave a Reply

Your email address will not be published. Required fields are marked *

3 × 4 =