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Global Refrigerants Market is estimated to reach $18,509 million by 2022 registering a CAGR of 9.9% during the forecast period 2014 - 2022.
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Refrigerants Market worth $18,509 Million by 2022 Global Opportunity Analysisand IndustryForecast, 2018-2025
The global refrigerants industry offers vivid opportunities to market players, owing to rapid growth in the global economy and disposable incomes. Introduction • Increase in the use of refrigerants in automobiles & food products and improved living standards are key factors accelerating the growth of the global refrigerants market. • The environmental issues associated with the use of toxic refrigerants, such as global warming and ozone layer depletion, have resulted in the formulation of stringent norms, regulations, and protocols especially on the use of CFCs and HCFCs in new refrigeration & air conditioning appliances. • Mobile ACs and chillers are expected to witness rapid adoption in commercial refrigeration. • The demand for cooling equipment is high in developing countries, owing to rapid industrialization and rise in inclination of industrialists towards efficient cooling systems.
The hydrocarbons segment is anticipated to grow at the fastest CAGR of 11.5%, in terms of revenue, during the forecast period. • The Asia-Pacific region is estimated to dominate the global market, in terms of volume, by 2022, registering a CAGR of 5.1% during the forecast period. • In 2015, China accounted for more than one-third share of the Asia-Pacific refrigerants market. • India is estimated to grow at the highest CAGR of 11.1%, in terms of revenue, by 2022. • U.S. accounted for around two-thirds of the North America refrigerants market in 2015, and is estimated to continue its dominance • Refrigerants demand in AC application segment is expected to grow at a high CAGR of 5.0%, in terms of volume, during the forecast period Key Findings of theMarket
The report provides an extensive analysis of the current trends and future projections of the global refrigerants market. • The refrigerant market research provides comprehensive analyses of key regions North America, Europe, Asia-Pacific, and LAMEA to understand the regional trends. • The report includes the qualitative and quantitative analysis of the current market for the period of 2014‐2022 to determine the prevailing opportunities. • Comprehensive analysis of factors that drive and restrict the growth of the global refrigerants market is provided in the report. • Extensive refrigerants market analysis is conducted by following key product positioning, and by monitoring the top competitors within the market framework. Advanced Glass Market Key Benefits Get Access to TOC / Sample Report @ https://www.alliedmarketresearch.com/request-sample/1848
By Type • Halocarbons (HCFCs, CFCs, and HFCs) • Azeotropic • Zeotropic • Inorganic Refrigerants (Ammonia, Air, and Carbon Dioxide) • Hydrocarbons • By Application • AC (Mobile AC, Heat Pumps, Chillers, and Stationary) • Refrigeration (Industrial, Transportation, and Domestic) MarketSegmentation
Key Players of theMarket • The Chemours Company, • The Linde Group, • SinochemGroup, • Airgas Inc., • TazzettiSPA, • Deepfreeze Refrigerants Inc. For purchase enquiry, visit @https://www.alliedmarketresearch.com/purchase-enquiry/1848
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