Refrigerants Market to reach USD 40,757 Million - Risk-adjusted numbers with COVID-19 analysis change scenario
In a refrigeration system, refrigerants are operating fluids that absorbed and distribute heat. The ability of refrigerants to absorb heat at low temperatures and pressures while releasing energy at higher temperatures and pressures makes them a good cooling substance for various HVAC systems. The flourishing refrigerated supply chain with the rising desires for consumer household appliances as the world economy and discretionary income improve are the major factors propelling the growth of the refrigerants market size over the projecting period. Furthermore, the thriving automobile and food beverages sectors are expected to boost the worldwide refrigerants market growth.
A refrigerant is a chemical that can exist in either a fluid or gaseous state. When paired with other elements such as refrigeration systems and compressors, it helps absorb heat energy from the air and creates a cooling system or refrigeration. A refrigerant is a chemical used for a combustion stroke to move energy from one place to another. At ambient temperature, it is usually a gaseous state. Most prevalent refrigerants are employed in refrigerators, air conditioning units, home appliances, and automobile air conditioning systems. They are discovered in almost everything that helps to cool, and occasionally in items that heat.
Request For Free Sample Report @
Global Refrigerants Market Dynamics
In the recent decade, air conditioning and refrigeration systems have evolved tremendously. In the current worldwide business scenario, the most recent tendency is for industry players to migrate more and more toward organically produced coolants whenever technically practicable. Refrigerants are cooling agents that are used in a variety of HVAC systems. At low pressure and temperature, they build pressure and heat while expelling heat at high pressure and temperature. The increasing adoption of refrigerants in various applications such as commercial, industrial, and residential refrigerators is propelling the market forward. The global expansion of the cold storage sector is also driving refrigerant future growth. The increasing use of natural eco-friendly refrigerants such as HCs, ammonia, and carbon dioxide further contributes to refrigerant growth. The deployment of innovative cooling system technologies is driving market expansion.
Refrigerants Market Regional Outlook
The refrigerants market is categorized into five regions: Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. Asia-Pacific has a solid influence on the refrigerant industry than other regions and is predicted to grow to become the leading region in the following decade. The emerging trend toward consumer households in stable and prosperous nations is pushing regional market expansion. Rapid urbanization and urbanization, as well as the expansion of the manufacturing industry in the region, including food and drinks, automotive, pharmaceutical, and chemical, is fueling the market growth. Moreover, increasing construction activity in emerging markets, as well as a regional preference for sustainable products, drive market expansion.
Check the detailed table of contents of the report @
Widespread Adoption of Refrigeration Systems in a Variety of Industries Supports Market Expansion
To maintain ambient temperature, refrigeration systems have been widely used in industrial and commercial refrigeration. Refrigeration systems have been utilized in the food and beverage sector to keep foodstuff fresh in supermarkets, houses, and other food-storage facilities. It is also used for chemical handling in the chemical process industries. The rising demand for refrigerants is being driven by the rising need for domestic and industrial refrigeration systems.
The global refrigerants market is divided into type and application, according to Acumen Research and Consulting. Based on the type, the market has been classified into fluorocarbons (chlorofluorocarbons, hydro fluorocarbons, hydro chlorofluorocarbons), in organics (carbon dioxide, ammonia, other in organics), hydrocarbons (propane, isobutane, other hydrocarbons), and others. Based on the application, the market is categorized into refrigeration (industrial, commercial, domestic, transportation), air-conditioning (stationary, mobile, chiller), and others.
Buy this premium research report -
Refrigerants Market Players
Some of the prominent refrigerants market companies are Honeywell International Inc., Air Liquide, Arkema Group, Sinochem Group, Mexichem SAB de CV, The Chemours Company, Linde Group, Dongyue Group, SRF Limited, Daikin Industries Ltd., and Gujarat Fluor chemicals Limited.
201, Vaidehi-Saaket, Baner - Pashan Link Rd, Pashan, Pune, Maharashtra 411021
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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 reach USD 40,757 Million - Risk-adjusted numbers with COVID-19 analysis change scenario here
News-ID: 2828999 • Views: 489
More Releases from Acumen Research and Consulting
Application Development Software Market Size, Share and Analysis Report, Forecas …
Application Development Software Market Size in 2021 was USD 187 Billion, Market Value set to reach USD 1,628 Billion at 27.4% CAGR by 2030 Application development Software Market Overview The application development software market refers to the collection of software tools, frameworks, and platforms that are used by software engineers and developers to create, design, test, and maintain software applications. These tools can be classified into different categories, such as integrated development
Anti-Plagiarism Software Market Trends, Market Demands, Industry Growth Analysis …
Anti-Plagiarism Software Market Size in 2021 was USD 737 Million, Market Value set to reach USD 4,806 Million at 23.3% CAGR by 2030 Anti-Plagiarism Software Market Overview Anti-plagiarism software, also known as plagiarism detection software, utilizes advanced algorithms and natural language processing techniques to analyze and compare text documents in order to identify instances of plagiarism. These algorithms typically employ techniques such as string matching, semantic analysis, and machine learning to detect
Poly Aluminum Chloride Market Size is Estimated to Growth USD 5,002 Million by 2 …
Poly Aluminum Chloride Market Size in 2021 was USD 3,581 Million, Market Value set to reach USD 5,002 Million at 3.9% CAGR by 2030 Poly Aluminum Chloride Market Overview Poly Aluminum Chloride (PAC) is a versatile and cost-effective chemical compound widely used in a variety of applications such as water treatment, paper production, and oil drilling. PAC is produced by the reaction of aluminum hydroxide and hydrochloric acid, resulting in a coagulant
Miniature Ball Bearing Market Growth, Size, Market Research Report
Miniature ball bearing Market Size in 2021 was USD 1,735 Million, Market Value set to reach USD 3,643 Million at 8.9% CAGR by 2030 Miniature ball bearing Market Overview Miniature ball bearings are a type of rolling element bearing that utilizes small balls as the rolling elements. These bearings are designed to support radial and axial loads, and are commonly used in applications where space constraints and high precision are required including
More Releases for Refrigerants
Refrigerants Market Size, Share, Industry Trends, Forecast 2022 - 2030
Acumen Research and Consulting has announced the addition of the "Refrigerants Market" report to their offering. The Refrigerants Market Report 2030 is an in depth study analyzing the current state of the Refrigerants Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Refrigerants Market provides analysis of China market covering the industry trends, recent developments in the market
Global Refrigerant Recovery Service Market Future Prospects 2030 | Hudson Techno …
The current competent intelligence study, titled "Global Refrigerant Recovery Service Market 2022," presents a sorted reputation of the business through analysis of research and information gathered from many sources, with the capacity to assist global market decision-makers in making a substantial impact on the global economy. The Refrigerant Recovery Service market report gives and illustrates a global perspective on the competitive landscape. Request Sample Copy of Refrigerant Recovery Service Market Report
Green Refrigerants Market Projected to Reach USD 30.00 Billion by 2027 | AGC Inc …
Green refrigerants are those that have a lower potential for global warming and ozone depletion than synthetic refrigerants, which pose a significant threat to the ozone layer. Green Refrigerants Market is now part of Coherent Market Insights' entire collection of global market research reports. To effectively analyse the data, the report looks at both primary and secondary research. The market research also highlights important industry factors like global clients, potential
Refrigerants Market worth USD 34.3 billion by 2027
The Market Statsville Group (MSG) publishes the new report on the "Refrigerants Market 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 – Global Share and Forecast to 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
Hydrocarbons Refrigerants Market global outlook and forecast 2021 -2027
The Global Hydrocarbons Refrigerants Market research report is a careful examination of the worldwide industry which has been a region of enthusiasm for a Hydrocarbons Refrigerants makers, organizations, authorities, chiefs, and likely speculators, and analysts. The report profoundly lights up noteworthy features in the business, including a contention situation, condition, portions, showcase size, share, gainfulness, development potential, and advancements. The report likewise spins around
Green Refrigerants Market | AGC Inc., Arkema SA, ASPEN Refrigerants Inc., Daikin …
Green refrigerants are the refrigerants which have lower global warming potential and ozone depleting properties as compared to the synthetic refrigerants, which possess a major threat to the ozone layer. The collaborative efforts by countries worldwide is contributing in the process of suppressing the consumption of the widely used group of synthetic refrigerants such as Chlorofluorocarbons (CFCs) and Hydrochlorofluorocarbons (HCFCs), which resulted in depletion of the ozone layer and brought