Press release
Refrigerants Market worth USD 34.3 billion by 2027
The global refrigerants market size is expected to grow from USD 23.0 billion in 2020 to USD 34.3 billion by 2027, at a CAGR of 6.9% during the forecast period. The global cold chain industry is growing considerably. The growth can be attributed to the rise in international trade of fresh food products, increased demand for fresh foods from the customers, technological leaps in refrigerated storage & transport, government support for infrastructure pertaining to the cold chain industry. These are key factors that augment the growth of the refrigerant market. The rise in food trade produces substantial demand for frozen foods, processed food, and chilling of seafood across the regions; this will bolster the volume growth in the food & beverage distribution segment and the cold chain market. Changing pattern in consumer spending, globalization in food trade encouraged by improvement in logistics service providers is poised to boost the penetration of refrigerated vehicles.
Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Refrigerants Market Research Report 2021-2027."
Get Free Sample Report: https://www.marketstatsville.com/request-sample/refrigerants-market
Global Refrigerants Market Segmentation
The overall refrigerants market has been segmented into product, application, and region.
• By Product (Fluorocarbon, Hydrocarbon, and Inorganic)
• By Application (Industrial, Domestic, Transport & Commercial Refrigeration, Stationary Air Conditioning, Chillers & Heat Pumps, and Mobile Air Conditioning)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Buy Now at 25% discount: https://www.marketstatsville.com/buy-now/refrigerants-market
Stationary air conditioning, heat pumps, & chillers, by application, is estimated to hold the largest market share during the forecast period
Based on application, the global refrigerants market is segregated into industrial, domestic, transport & commercial refrigeration, stationary air conditioning, chillers & heat pumps, and mobile air conditioning. The stationary air conditioning, heat pumps, & chillers segment generated the highest revenue of 64.2% of the total global refrigerants market in 2020. It is expected to register a significant CAGR from 2021 to 2027. Stationary Air conditioners, chillers, and heat pumps are used for heating and cooling solutions in residential, institutional, and commercial buildings. They occupy the largest share in the refrigerant market due to the sheer volume of units used globally. The demand for stationary air conditioners, chillers, and heat pumps is driven by rapid urbanization, decreasing air conditioning equipment costs due to advancements in technology and deteriorating weather conditions.
The Asia Pacific is predicted to be the largest market for the segment over the forecast period. The demand in the Asia Pacific is significant due to the rapid urbanization, positive change in spending patterns of the middle class on modern appliances, and deteriorating weather conditions. The growth in developed economies is fueled by stringent regulations demanding energy-efficient and environment-friendly air conditioners, chillers, and heat pumps. These factors are anticipated to boost the demand for the segment over the forecast period.
Don't miss out on business opportunities in Refrigerants Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.
The Asia Pacific accounts for the largest market share in refrigerants market 2020
Based on the regions, the global refrigerants market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia-Pacific region accounted for the largest market share of the refrigerant market globally and accounted for 33.4%of the overall volume in 2020. The region is expected to witness a growth rate of 5.8% from 2021-2027. Growing demand for refrigeration and cooling equipment coupled with rapid industrialization and urbanization is expected to drive market growth over the forecast period. This scenario is expected to be reflected in key countries such as China, India, Japan, and Australia.
The hydrocarbon refrigerant segment is anticipated to rise at a substantial growth rate during the forecast period. They are seen as the ideal replacements for the fluorocarbon-based refrigerants that are being phased out. Increasing construction and industrialization activities and advancement in the cold chain industry have resulted in the region's commercial refrigeration, industrial refrigeration, and air conditioning segment being dominant applications. The growing impetus on food security and wastage concerns in the region has led to an emphasis on food processing and cold storage, which has benefitted the growth of refrigerants in the region over the forecast period.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the refrigerants market. It also consists of the profiles of leading companies such as Dongyue Group Co. Ltd., Honeywell International Inc., Arkema S.A., The Chemours Company, Sinochem Lantian Co. Ltd., Daikin Industries, Mexichem, The Linde Group, Air Liquide, and Asahi Glass Corporation.
Browse complete report: https://www.marketstatsville.com/refrigerants-market
Contact Us:
Market Statsville Group
416, East Standsberry Street, Perkins, Oklahoma 74059, USA
USA: +1-580-205-2707 | +91 702 496 8807
Email: sales@marketstatsville.com
Web: www.marketstatsville.com
Content Source: https://www.marketstatsville.com/press-release/refrigerants-market
About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.
This release was published on openPR.
Permanent link to this press release:
Copy
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 worth USD 34.3 billion by 2027 here
News-ID: 2475826 • Views: …
More Releases from Market Statsville Group
Future Of the Dynamic Scheduling Software Market is estimated to grow at a CAGR …
According to the Market Statsville Group (MSG), the global dynamic scheduling software market is estimated to grow at a CAGR of 17.2% from 2022 to 2030.
A newly published report by Market Statsville Group (MSG), titled Global Dynamic Scheduling Software Market provides an exhaustive analysis of significant industry insights and historical and projected global market figures. MSG expects the global Dynamic Scheduling Software market will showcase an impressive CAGR from 2024…
Autonomous Driving Software Market size is expected to grow at a CAGR of 29.5% f …
A new study titled "Autonomous Driving Software Market Size 2022", published by Market Statsville Group (MSG), provides information on regional and global markets. MSG expects the global Autonomous Driving Software market will showcase an impressive CAGR from 2022 to 2030. The comprehensive research report on the Autonomous Driving Software market offers valuable insights, shedding light on the market dynamics, value chain analysis, regulatory framework, emerging investment hotspots, competitive landscape, regional…
Remote Sensing Technology Market Size, Share, Growth, Up-To-Date Key Outlook, an …
A new study titled "Remote Sensing Technology Market Size 2022", published by Market Statsville Group (MSG), provides information on regional and global markets. MSG expects the global Remote Sensing Technology market will showcase an impressive CAGR from 2022 to 2030. The comprehensive research report on the Remote Sensing Technology market offers valuable insights, shedding light on the market dynamics, value chain analysis, regulatory framework, emerging investment hotspots, competitive landscape, regional…
Influencer Marketing Platform Market Worth US$ 251157.78 million by 2033
According to the Market Statsville Group (MSG), the global influencer marketing platform market size is expected to grow from USD 13548.56 million in 2022 to USD 251157.78 million by 2033, at a CAGR of 30.4% from 2023 to 2033. The study report covers crucial data on growth strategy, innovations, market dynamics, company profiles, and market competitiveness for 2022. The Influencer Marketing Platform market report guides new entrants or key existing…
More Releases for MSG
How to Move MSG Files into PDF Adobe
How to convert Outlook .msg files as PDF? If you want to solve the query then this platform is exact choice that can help you to move MSG Files into PDF with Outlook & without Outlook (https://www.pcvare.com/msg-converter/). So read it till the end and get complete information regarding how to do MSG files into PDF conversion.
Outlook is well-known mail client and also used by thousands of users but the PDF…
Monosodium Glutamate (MSG) Market Prevalent Opportunities upto 2027
Glutamate is a natural amino acid found in the human body and in foods which contain protein, such as fish, mushrooms, tomatoes, meats, nuts, seaweeds and most dairy products. Glutamate is manufactured by the fragmentation of corn or sugarcane, as well as by bacterial fragmentation. The product obtained is a white crystal, to which sodium is added to form monosodium glutamate, also known as MSG. The fermentation process is used…
Monosodium Glutamate (MSG) Market Size, Share, Development by 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Monosodium Glutamate (MSG) market.
Monosodium Glutamate (MSG), is sodium salt of the common amino acid glutamic acid. MSG is found in tomatoes, Parmesan cheese, potatoes, mushrooms, and other vegetables and fruits, which is produced in laboratory by the fermentation of some carbohydrate based products like molasses.
Click to view the…
MSG Monohydrate Market Segment, Demand, Growth and Analysis 2024
Monosodium glutamate (MSG), also known as sodium glutamate, is a non-essential amino acid that is widely used as a food additive. The compound is usually available as monohydrate in a white, crystalline powder form. MSG is readily soluble in water, but does not absorb moisture. It is not soluble in most organic solvents. MSG is not broken down during cooking and is stable during normal food processing conditions. It occurs…
MSG Monohydrate Market Estimated to Flourish by 2024
Monosodium glutamate (MSG), also known as sodium glutamate, is a non-essential amino acid that is widely used as a food additive. The compound is usually available as monohydrate in a white, crystalline powder form. MSG is readily soluble in water, but does not absorb moisture. It is not soluble in most organic solvents. MSG is not broken down during cooking and is stable during normal food processing conditions. It occurs…
MSG Monohydrate Market - Global Industry Analysis 2024
Monosodium glutamate (MSG), also known as sodium glutamate, is a non-essential amino acid that is widely used as a food additive. The compound is usually available as monohydrate in a white, crystalline powder form. MSG is readily soluble in water, but does not absorb moisture. It is not soluble in most organic solvents. MSG is not broken down during cooking and is stable during normal food processing conditions. It occurs…
