Low GWP Refrigerants Market 2016 to Observe Strong Development by 2028

A recent report published by QMI on low GWP refrigerants market is a detailed assessment of the most important market dynamics. After carrying out a thorough research on the market of low GWP refrigerants historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for low GWP refrigerants during the forecast period. It can enable manufacturers of low GWP refrigerants to change their production and marketing strategies in order to envisage maximum growth.

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Increasing demand for cooling and air conditioning is expected to drive the growth of the low GWP refrigerants market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

The low potential for global warming (GWP) coolants has zero depletion of ozone and has important potential to decrease global warming. Coolant is an important fluid that absorbs heat at low temperature and low pressure subsequently transfers heat at greater temperature and greater fluid pressure. They are mostly available in hydrocarbons, fluorocarbons, and inorganics.

Understanding the chemistry and uses of low GWP refrigerants
Refrigerants are used in a wide variety of applications such as ventilation, heating, air conditioning. But most of the refrigerants used, such as hydrofluorocarbons (HFCs), chlorofluorocarbons (CFCs), and coolants, have significant global warming (GWP) potential. The growing emphasis on mitigating global warming and the need for sustainable development prompted the introduction and adoption of low GWP refrigerants.

In addition, the phase-down of HFCs by the European Union, the United States, and Canada has boosted the worldwide adoption of low GWP refrigerants. Carbon dioxide, ammonia, hydrofluoro olefins, and hydrocarbons are some of the most prevalent low GWP refrigerants. Hydrocarbons are anticipated to see robust development among these low GWP refrigerants due to their outstanding thermodynamic properties, greater effectiveness and low noise compared to the respective HFC designs due to reduced cooling system stress. Growing concerns about the adverse effects of refrigerants and increasing global warming have caused the implementation of low GWP refrigerants. It was also noted that low GWP refrigerants also helped to achieve elevated concentrations of energy efficiency for refrigeration machinery.

Important Factors Impacting Market Growth:
o Low impact on the environment of low GWP coolants
o Increasing demand for cooling and air conditioning
o Refrigerants from CFC, CFC and HFC

Insights about the regional distribution of market:
Based on region, the low GWP refrigerants market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of the major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries.

The Asia Pacific and the Middle East are expected to register substantial growth in the low GWP refrigerant market during the forecast period. This demand is with regards to the growth of major applications such as industrial refrigeration, commercial refrigeration, domestic refrigeration, mobile air-conditioning. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on.

Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for low GWP refrigerants market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for low GWP refrigerants market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Linde Group
2. Honeywell
3. Sinochem Group
4. Airgas Inc.
5. Engas Australasia
6. A-Gas
7. Puyang Zhongwei Fine Chemical
8. Harp International
9. Tazzetti
10. Shandong Yueon Chemical Industry
11. HyChill Australia
12. GTS
13. Chemours
14. Mexichem
15. Daikin
16. and Arkema

Market Segmentation:
By Type:
o Inorganics
o Hydrocarbons
o Fluorocarbons
By Applications:
o Industrial Refrigeration
o Commercial Refrigeration
o Domestic Refrigeration
o Mobile Air-Conditioning
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Type
o By Applications
o Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Type
o By Applications
o Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Applications
o Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Type
o By Applications
o Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Type
o By Applications
o Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By Type
o By Applications

Reasons To Buy This Report:
o Market size estimation of the low GWP refrigerants market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the market.

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.