Need to improve energy efficiency of refrigeration systems is driving Natural Refrigerants Market

The report, "Natural Refrigerants Market by Type (Ammonia, Carbon dioxide, Hydrocarbons and Others), by Application (Refrigeration: Industrial, Commercial, and Domestic, Air Conditioning: Stationary and Mobile, and Others) - Global Trends & Forecasts to 2020" defines and segments the natural refrigerants market with an analysis and forecast for types, and applications by volume as well as value.

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The natural refrigerants market size is projected to be USD 1,419.19 Million by 2020 from USD 821.74 Million in 2015, at a CAGR of 11.5%. The market is projected to grow on account of the enforcement of stringent environmental regulations and due to the need to improve the energy efficiency of refrigeration systems.

Scope of the Report

This research report categorizes the global natural refrigerants market on the basis of type, application and region in terms of market size and analyzing trends in each of the sub markets.

On the basis of type: The market is segmented by type of natural refrigerants – Ammonia (R-717), hydrocarbons (R-290, R-1270, R-600a), and carbon dioxide (CO2) (R-744). Each of these types has been further described in detail in the report with market size forecasts as well.

On the basis of application: The market is segmented by the applications of natural refrigerants – Industrial refrigeration, commercial refrigeration, domestic refrigeration, stationary air-conditioning and mobile air-conditioning among others. All of the applications have been further described in detail in the report with market size forecasts.

On the basis of region: Europe, North America, Asia-Pacific, South America, and the Middle East & Africa; for key countries within these regions.

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Europe is the largest market majorly driven due to environmental concerns and emission regulations. Asia-Pacific ranks second in terms of market size which is followed by North America.

The manufacturers in the natural refrigerants market are looking to expand their distribution network to take advantage of the enforcement of regulations that have been estimated to increase the demand for natural refrigerants. Companies have used merger & acquisition strategy to expand their presence as well as to increase their production.

The intial high cost of natural refrigerant based system, lack of technical knowledge for handling of natural refrigerants, and the related flammability and toxicity issues of the refrigerants are the major restraints for the market that have to be dealt with.

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Competitive scenarios of the top players in the market have been discussed in detail. The leading players of this industry with their recent developments and other strategic industry activities are profiled. These top companies The Linde Group (Germany), Airgas Inc. (U.S.), A-Gas international (U.K.), Puyang Zhongwei Fine Chemical Co. Ltd. (China), Sinochem (China), Engas Australasia (Australia), Tazzetti S.p.A (Italy), and Shangdong Yueon Chemical Co. Ltd. (China), among others.

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