A 2022 Guide for Updated Refrigerant - New Technologies (PDF)

The refrigerant is a compound or mixture in liquid state which is used in the machine for moving heat from one location which has a low temperature to another location with higher temperature. It has many unique physical properties such as low freezing point, low condensing pressure, high evaporator pressure, high critical pressure, etc. Moreover, it has few differentiated chemical properties as well, such as toxicity, oil solubility, low water solubility, reactivity, etc. Some of the examples of refrigeration substance are r-410a, r-404a, r-407c, etc. The refrigerant substances which are used subsequently in the applications are ammonia, sulfur dioxide, propane.

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Updated refrigerants improves expansion power and energy efficiency of vapor compression refrigeration systems. Trans-critical CO2 has reported COP of 30% whereas non - CO2 systems have registered their COP as 10%.The maximum expander efficiency was 83% obtained by the use of scroll expander in the CO2 refrigeration cycle. Further it is understood that recuperation of the energy of the expanders is an encouraging practice of refrigeration systems. Research on the topics such as irreversibility, heat transfer, expansion process, internal leakage etc. is still open.

Refrigerants are largely used in refrigeration systems in both commercial and residential sectors. The increasing application of refrigerants in refrigeration systems, chillers, air conditioning, MACs, and others is boosting the refrigerant market growth. The demand for refrigeration system can be attributed to the growing demand for cold chain. The cold chain is a supply chain for storage and distribution activities that majorly relies on HFC, HFO, and HCFCs refrigerants for distribution by maintaining the required temperature range. Pharmaceutical and food & beverages industries are major users of the cold chain. The food & beverages industry uses the cold chain to preserve the harvested quality of fresh produce. The refrigerants are highly employed in industrial refrigeration and air conditioning for large-scale cooling systems. The domestic uses of refrigeration systems are also increasing with rise in population and urbanization across the globe. The rising use of refrigerants for various applications in developing regions, such as Asia Pacific, the Middle East & Africa, and South & Central America, created a huge impact on the market, with Asia Pacific contributing to the largest share in the refrigerant market.

Impact of COVID-19 Pandemic on Refrigerant Market:

Many industries, including the chemicals & materials industry, faced unprecedented challenges due to disruptions in the global supply chain caused by the COVID-19 pandemic that adversely affected the manufacturing, delivery schedules, and sales of various goods. The market size for refrigerants decreased due to a decline in the growth of several industrial sectors. Many production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the prices of refrigerants. However, as the economies revived their operations, the demand for refrigerants also began to rise globally.

Top Manufacturers:

The Chemours Company
Arkema
Honeywell International Inc.
Linde plc
Air Liquide
Dongyue Group
SINOCHEM GROUP CO., LTD.
DAIKIN INDUSTRIES, Ltd.
AGC Inc.
Airgas, Inc.

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This release was published on openPR.