Refrigerants Market to Experience Higher Growth by 2022 | AMR
Refrigerants Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $18,509 million by 2022, registering a CAGR of 9.9% from 2016 to 2022.The inorganic refrigerants segment dominated the global market in 2015, with more than one-third share.
Access Full Summary at : https://www.alliedmarketresearch.com/refrigerants-market
The refrigerants market has witnessed rapid growth, owing to their increasing scope of applications in mobile ACs and transportation, especially in the developing economies. Moreover, the market is expected to grow during the forecast period, owing to the rise in demand for refrigerants in industries, commercial, transportation, and domestic sectors and increase in disposable income. In addition, upsurge in use of refrigerants, especially in the transportation, packaging, and stationary ACs sectors and improvement in standards of living in the emerging economies have fueled the market growth. However, undesirable effects of halocarbons on the ozone layer and frequent amendments in environmental norms & regulations are some of the factors hampering the market growth.
Request sample copy of this report at: https://www.alliedmarketresearch.com/request-sample/1848
In 2015, the refrigeration segment occupied more than half of the overall refrigerants market share. It is expected to maintain its lead throughout the forecast period, because of the soaring inflow of investments in domestic and commercial air conditioning sectors by market players across the globe.
Key findings of the study:
1. The hydrocarbons segment is anticipated to grow at the fastest CAGR of 11.5%, in terms of revenue, during the forecast period.
2. The Asia-Pacific region is estimated to dominate the global market, in terms of volume, by 2022, registering a CAGR of 5.1% during the forecast period.
3. In 2015, China accounted for more than one-third share of the Asia-Pacific refrigerants market.
4. India is estimated to grow at the highest CAGR of 11.1%, in terms of revenue, by 2022.
5. U.S. accounted for around two-thirds of the North America refrigerants market in 2015, and is estimated to continue its dominance.
6. Refrigerants demand in AC application segment is expected to grow at a high CAGR of 5.0%, in terms of volume, during the forecast period.
The Asia-Pacific and LAMEA regions jointly accounted for more than half of the global market in 2014, and are expected to maintain this trend throughout the forecast period. This is attributed to the spiraling development in the commercial and domestic sectors in these regions, increase in per capita disposable income, and upsurge in consumer spending in the developing economies of these regions.
The key players in the global market have focused on acquiring local players to strengthen their market outreach and expand their customer base. The prominent companies profiled in the report include Arkema SA, Daikin Industries Ltd, E.I. du Pont Nemours & Co., Honeywell International, Mexichem SA, Dongyue Group, Navin Fluorine International Ltd., and SRF Ltd.
Check offers and discount on this report at:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Refrigerants Market to Experience Higher Growth by 2022 | AMR here
News-ID: 1162147 • Views: 667
More Releases from Allied Market Research
Vehicle Electrification Market key Drivers, Business Insights, Trends and Applic …
Vehicle electrification is the process of powering the automobiles and transportation industry by electricity and the use of such power by switching over from an earlier power sourceoil and gas to electricity. It can also be used to substitute hydraulic or mechanical systems with electric systems. It reduces carbon emission, increases vehicle efficiency, and reduces dependency over oil. The vehicle electrification market has seen a major growth rate owing to the
Cold Chain Tracking and Monitoring Market Technological Innovation, Trends & Top …
The global cold chain tracking and monitoring market was valued at $149 billion in 2015 and is estimated to reach $426 billion by 2022, growing at a CAGR of 16.0% from 2016 to 2022. The Food & beverage segment held the highest share of the total market in 2015. Cold chain tracking and monitoring market is expected foster high growth owing to its investment in ideal storage and transportation for sensitive
Cash Logistics Market Business Strategies, Technological Innovation, Trends & To …
The report offers a broad analysis of the classification of the global cash logistics market. It segments the market into service, end user, and geography. Based on service, the market is classified into cash management, cash-in-transit, and ATM services. The cash-in-transit segment captured 44.72% of the market share and is expected to dominate the market through 2025. The end user segment is divided into financial institutions, retailers, government agencies, and
Surgical Sutures Market Expected to Reach $6.11 Billion by 2027
The growth of the global surgical sutures market is majorly driven by presence of large pool of geriatric population, alarming rise in prevalence of chronic diseases, and significant surge in demand for in number of surgical procedures across the globe. According to a new report published by Allied Market Research, titled, “Surgical Sutures Market by Type, Material, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,"the global surgical sutures market was valued
More Releases for Refrigerants
Low GWP Refrigerants Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Low GWP Refrigerants Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-low-gwp-refrigerants-market_p130023.html Scope of the Report: The worldwide market for
Refrigerants Market Expected to Show $18,509 Mn by 2022
Refrigerants Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $18,509 million by 2022, registering a CAGR of 9.9% from 2016 to 2022.The inorganic refrigerants segment dominated the global market in 2015, with more than one-third share. The refrigerants market has witnessed rapid growth, owing to their increasing scope of applications in mobile ACs and transportation, especially in the developing economies. Moreover, the market
Natural Refrigerants Market Report By Type, Application & Regions 2017-2024
The report gives the clear picture of current Natural Refrigerants Market scenario and the predicted future of the industry. The report focuses on the basis of market drivers, restraints, growth, trends and forecast for the period of 2017-2024. In addition, the report also maps the market performance by value chain analysis which will help in better product differentiation along with the analysis of each segment in terms of opportunity, market
Secondary Refrigerants Market Projected to Witness Vigorous Expansion by 2026
Introduction Maintaining the desired liquid levels in a refrigeration plant is a very essential part of scrutiny and maintenance of the system. Proper liquid levels help to maintain optimum performance and reduce the energy consumption. Secondary refrigerant is a fluid that is used to transfer heat from the substance that is being cooled by heat exchanger. After being cooled, this liquid is transferred from a series of pipes to the cooling
Global Artificial Refrigerants Market Research Report Forecast 2017-2021
The report, titled Global Artificial Refrigerants Market 2017 is a methodical research study based on the Artificial Refrigerants market, analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Artificial Refrigerants market. The report estimates the market size in terms of volume (kilo tons) and revenue (US$) produced, whereas, the
Where Refrigerants Market is Headed in the Next Five Years
The refrigerants market has witnessed rapid growth, owing to their increasing scope of applications in mobile ACs and transportation, especially in the developing economies. Moreover, the market is expected to grow during the forecast period, owing to the rise in demand for refrigerants in industries, commercial, transportation, and domestic sectors and increase in disposable income. In addition, upsurge in use of refrigerants, especially in the transportation, packaging, and stationary ACs