Phasing Out of Cfc, HCFC, and HFC Refrigerants is boosting 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.

Browse 108 tables and 77 figures spread through 186 Pages and in-depth TOC on "Natural Refrigerants Market”.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165104142

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.

• Europe projected to witness the highest growth in the natural refrigerants market”

Europe is the largest market for natural refrigerants followed by Asia-Pacific. Europe has also been estimated to account for the highest growth between 2015 and 2020. The growth is on account of the enforcement of stringent environmental legislations that call upon a ban on environmentally harmful HCFC and HFC refrigerants and promote the application of natural refrigerants as alternatives.

• Ammonia to continue being the most widely used natural refrigerant”

Ammonia (R-717) accounted for 60% of the market share for natural refrigerants in 2014. The refrigerant is extensively used for industrial refrigeration operations due to its high co-efficient of performance (COP), comparatively lower leakage rate, low-cost, zero ozone depletion potential (ODP), and global warming potential (GWP). Ammonia is toxic at high concentrations which restricts its application in smaller refrigeration systems. The industry has come up with cascade systems where ammonia is used with carbon dioxide (CO2) as the secondary refrigerant to overcome the restraint and increase energy efficiency of the overall system.

• Commercial refrigeration to be the fastest-growing application in the natural refrigerants market”

Natural refrigerants, mainly carbon dioxide (CO2) (R-744) and hydrocarbons (R-290, R-1270, and R-600a) are witnessing a high rate of adoption by major superstore and food retail chains in the European and North American regions. Natural refrigerants are used in cold display cabinets, stand-alone refrigerators, and for refrigeration during transportation.

Speak to our Analyst @ https://tinyurl.com/yd8tbexm

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.

About Us-

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.MarketsandMarkets's™ flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact Us-

Mr. Shelly SinghMarketsandMarkets™ INC.

630 Dundee Road

Suite 430Northbrook, IL 60062USA: 1-888-600-6441sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.