Global Secondary Refrigerants Market: Estimates and Forecasts by 2026
Maintaining the desired liquid levels in a refrigeration plant is a very essential part of scrutiny and maintenance of the system. Proper liquid levels help to maintain optimum performance and reduce the energy consumption. Secondary refrigerant is a fluid that is used to transfer heat from the substance that is being cooled by heat exchanger. After being cooled, this liquid is transferred from a series of pipes to the cooling load location and is then returned to repeat the entire process. This process includes pump, condenser, compressor and chiller (heat exchanger). Secondary refrigerants are also known as heat transfer fluids. The major factors that needs to be given special attention while selecting the secondary refrigerant for the particular application are toxicity, flammability, corrosion and cost. The secondary refrigerants must be environmental friendly and should not cause any problem to the material. Air conditioning and other high temperature applications use chilled water while low temperature applications use glycols, brines and oils as secondary refrigerants. Other applications of secondary refrigerants include concentrated solar power and heating, ventilating & air-conditioning (HVAC) systems. Revenue generated from sales of secondary refrigerants is expected to increase at a moderate CAGR over the forecast period.
Secondary Refrigerants Market Dynamics
The growing industrialization across the globe is expected to drive the demand for secondary refrigerants over the forecast period. The increasing manufacturing sector is expected to increase the demand for secondary refrigerants, which in turn is expected to drive the global secondary refrigerants market over the forecast period. The oil & gas industry is expected to witness substantial growth in the near future, will be another driving factor for secondary refrigerant market. The chemical and pharmaceutical plants use these fluids to maintain the temperature of furnace and equipment in the process. These are also used as heat recovery fluids and coolant in these industries. The growth in these industries is expected to drive the market for secondary refrigerant. Development of water-based and bio-based heat transfer fluids is also anticipated to positively affect the growth of secondary refrigerant market.
Secondary Refrigerants Market Segmentation
Secondary refrigerants market can be segmented on the basis of types as aqueous solutions and non-aqueous solutions. Secondary refrigerant market can be segmented on the basis of product such as mineral oils, silicone and aromatics, glycol-based fluids and others. On the basis of end-use industry it can segmented as oil & gas, food and beverages, pharmaceuticals, chemical, plastics and others. The global secondary refrigerants market can also be segmented on the basis of regions as North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, and Middle East and Africa.
Secondary Refrigerants Market: Regional Outlook
Globally, Europe is expected to dominate the secondary refrigerant market due to the development in solar plants which is mainly attributed to increasing energy requirements. This energy is further consumed in major industries which is expected to drive the industry penetration in Europe. However, Europe is expected to lose some share due to the high growth of Asia-Pacific over the forecast period. Developments in renewable energy sector is also expected to drive the demand for secondary refrigerants in Japan and China. North America is anticipated to witness stable growth due to sluggish growth in end-use industries. Revenue generated from sales of secondary refrigerants in Middle East and Africa is also projected to increase at a high CAGR over the forecast period.
Request for Sample Report and Table of content @: http://www.persistencemarketresearch.com/toc/11698
Secondary Refrigerants Market: Major Players
Some of the key players identified in the global secondary refrigerants market are The Dow Chemical Company, Exxon Mobil Corporation, Royal Dutch Shell PLC, Eastman Chemical Company, BP PLC, BASF SE, Chevron Corporation and Huntsman Corporation.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
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 Global Secondary Refrigerants Market: Estimates and Forecasts by 2026 here
News-ID: 393198 • Views: 467
More Releases from Persistence Market Research Pvt. Ltd
Global HPMC Capsules Market is expected to reach a Valuation of US$ 554.5 Mn Ove …
HPMC capsules are strictly non-toxic and qualify to be Kosher and Halal-certified, which is why their popularity has grown in several parts of the world. Moreover, these capsules can significantly boost the body metabolism by improving absorption and digestion of protein, fat and carbohydrates. HPMC capsules find their application in the preparation of non-animal based medicines and cosmetics & nutraceuticals products. Persistence Market Research (PMR) recently conducted a study
Vacuum Tissue Processor Technology Most Favored in the Global Tissue Processing …
Persistence Market Research has come up with a fact based analytical research study describing various aspects of the tissue processing systems market across the globe. The analysis on tissue processing systems has been systematically drafted in a new research publication titled “Tissue Processing Systems Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. This comprehensive research report focuses on various developments, trends, restraints, opportunities, drivers and challenges impacting revenue growth of
Endodontics Market Is Projected To Grow At A Moderate CAGR During The Period Of …
Endodontics is associated with the dentistry segment. It involves several therapies to protect the human teeth from infections and injuries caused to the dental pulp. Generally, it is concerned with morphology, pathology as well as physiology of dental pulp and the periradicular tissues. Endodontics is important during carrying out root canal procedure in order to reduce the inflammation and to end infection. Modernization has touched the field of endodontics as
Global Home Infusion Therapy Devices Market Driven by Growing Incidence of Pain, …
According to the latest market report published by Persistence Market Research titled ‘Home Infusion Therapy Devices Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025),’ the global Home Infusion Therapy Devices market is expected to expand at a CAGR of 6.8% during the forecast period 2017–2025. Persistence Market Research delivers key insights and presents a revised forecast of the global Home Infusion Therapy Devices market for an eight year period from
More Releases for Secondary
Secondary Hyperparathyroidism Treatment Market 2019 | Research Consists with Pri …
The Secondary Hyperparathyroidism Treatment Market research report is a comprehensive study of a mixture of primary as well as secondary research data for gathering quantitative and qualitative information on global as well as regional fronts. This report studies the global Secondary Hyperparathyroidism Treatment market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Secondary Hyperparathyroidism Treatment market by companies, region, type, and end-use industry. Ask
Secondary Alkane Sulfonate Market : Industry to Boost Growth 2017 - 2025
Secondary alkane sulfonate is an anionic surfactant, which is manufactured by sulfoxidation of n-paraffins. It provides good water solubility, excellent grease and soil dispersing properties, high wetting properties, and distinct foaming power. Therefore, secondary alkane sulfonate is an important surfactant ingredient in detergents, especially dishwashing detergents. Secondary alkane sulfonate can be manufactured either through sulfochlorination or sulfoxidation process. Under the sulfochlorination process, n-paraffins are converted into alkylsulfochlorides with sulfur dioxide and
Secondary Refrigerants Market Progresses for Huge Profits During 2016 - 2026
Maintaining the desired liquid levels in a refrigeration plant is a very essential part of scrutiny and maintenance of the system. Proper liquid levels help to maintain optimum performance and reduce the energy consumption. Secondary refrigerant is a fluid that is used to transfer heat from the substance that is being cooled by heat exchanger. After being cooled, this liquid is transferred from a series of pipes to the cooling
United States Secondary Aluminum Market Analysis And Forecast 2017-2025
IndexBox has just published a new report "U.S. Secondary Aluminum Market. Analysis And Forecast to 2025" ( http://www.indexbox.co.uk/store/us-secondary-aluminum-market-analysis-and-forecast-to-2020?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering • Already work in a
Automotive Secondary Wiring Harness Market Report 2017
Automotive Secondary Wiring Harness Automotive Secondary Wiring Harness market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. View Entire Report @ https://www.reportsandmarkets.com/reports/asia-pacific-automotive-secondary-wiring-harness-market-report-2017-1684315 Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Automotive Secondary Wiring Harness for
Global Secondary Zinc Oxide Market – Industry Analy
Gen’s report, ‘Global Secondary Zinc Oxide Market – Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2021’ provides detailed market and segment level data on the Global and Chinese consumption of Secondary Zinc Oxide. The report provides historic, forecast and growth patterns by company, country and type/application from 2016 to 2021. This report delivers an extensive overview of Global Secondary Zinc Oxide industry with a focus on China. It also acts