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Global Natural Refrigerants Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Linde Group,Puyang Zhongwei,Airgas,Inc.
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Natural refrigerants are natural substances that serve as refrigerants in refrigeration systems (including refrigerators, HVAC, and air conditioning). They are alternatives to hydrofluorocarbon (HFC), hydro chlorofluorocarbon (HCFC) and chlorofluorocarbon (CFC) based refrigerants. Unlike other refrigerants, they are not synthetic chemicals and can sometimes be found in nature. Natural refrigerants are chemicals which occur in nature's bio-chemical processes. They do not deplete the ozone layer and make a negligible - or zero in the case of R717 (ammonia) - contribution to global warming. The high efficiency of natural refrigerants also means that they make a lower indirect contribution to global warming. They are not only used due to environmental sustainability as some applications are better suited to a particular natural refrigerant.
Europe and North America have a larger revenue market share in 2018 which together account for 67.29%, and will witness a stable growth in following years. Japan hold a market share of 11.94% will still play an important role which cannot be ignored. Any changes from Japan might affect the development trend of Natural Refrigerants. Southeast Asia and India also play important roles in global market, which hold relatively low share, but they will witness the comparatively high growth rate within selected regions in the future.
According to this study, over the next five years the Natural Refrigerants market will register a 13.5% CAGR in terms of revenue, the global market size will reach US$ 2240 million by 2024, from US$ 1190 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Natural Refrigerants business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Linde Group
Puyang Zhongwei
Airgas
Sinochem
Shandong Yuean
Aeropres
A-Gas international
Tazzetti
Engas Australasia
Harp International
Hychill
GTS
Market Segment by Type, covers
Ammonia (R-717)
Hydrocarbons (R-290, R-1270, R-600a, etc.)
Carbon Dioxide (CO2) (R-744)
Market Segment by Applications, can be divided into
Refrigeration
Air Conditioning
Others
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Related Information:
North America Natural Refrigerants Market Growth 2019-2024
United States Natural Refrigerants Market Growth 2019-2024
Asia-Pacific Natural Refrigerants Market Growth 2019-2024
Europe Natural Refrigerants Market Growth 2019-2024
EMEA Natural Refrigerants Market Growth 2019-2024
Global Natural Refrigerants Market Growth 2019-2024
China Natural Refrigerants Market Growth 2019-2024
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