Refrigerant Market Demand, Share, Global Trend, Industry News, Forecast till 2023
The refrigerant is a heat carrier, which changes phase from gas to liquid and then back to gas in the refrigeration cycle. In other words, the refrigerant is the medium of heat transfer, which picks up the heat by evaporating at a low temperature and pressure and gives up the heat on condensing at a higher temperature & pressure.
Global Key Players and Competition Analysis
Some of the prominent players operating in the global refrigerant market are DAIKIN INDUSTRIES, Ltd.(Japan), The Chemours Company. (U.S.), Honeywell International Inc. (U.S.), Arkema S.A. (France), Dongyue Group Co. Ltd (China), Asahi Glass Co., Ltd. (Japan), Sinochem Group (China), Mexichem S.A.B. de C.V. (Mexico), The Linde Group (Germany), SRF Limited (India), and DowDuPont Inc. (U.S.).
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Segmentation Analysis
The global refrigerant market is segmented based on type, application, and region. Based on the type, the global refrigerant market is segmented into natural refrigerants and synthetic refrigerants. Based on the application, the global refrigerant is segmented into refrigerators, air conditioners, chillers/heat pump, and others. Based on the region, the global refrigerant is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Regional Analysis
The Global Refrigerant Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is the major region in the global market. The Middle East & Africa is expected to show rising demand over the forecast period. North America and Europe is expected to show steady demand, which is further trailed by Latin America.
Market Scope
Refrigerant is a substance used as a medium of heat transfer, which picks up the heat by evaporating at a low temperature and pressure. It gives up the heat on condensing at a higher temperature & pressure, and coverts back to the gas phase in the refrigeration cycle. Refrigerants are designated by R followed by a unique number.
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Industry News
HFC, HFO, HFC/HFO blends and natural refrigerants are expected to witness high growth during the forecast period, 2017-2023
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