New York, December 2021: Axiom Market Research & Consulting™ added a report on refrigerants market which includes study on type, application, and geography. Refrigerants market was projected to grow at a CAGR of 7.63 % for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the refrigerants market.

The factors such as increasing demand for the customer appliances like the motor vehicle air conditioners and the refrigerators, growing cold chain market significantly for the food industry, and also increasing demand for the natural refrigerants has been responsible for the growth of the refrigerants market during the forecast period. 

The report analyses the refrigerants market based on the type, application and geography. By type, the refrigerants market is segmented into HCFCs, HFCs, HFOs, Isobutane, Propane, Ammonia, and Carbon Dioxide. By Application, the refrigerants market is segmented into refrigeration, chillers, air-conditioning systems, and mac. Geographically, the refrigerants market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World. 

Ammonia type segment is estimated to witness fast growth in the refrigerants market

The factors such as increasing demand for ammonia because of the low cost of ammonia, along the required low operation costs, and also ammonia mainly acts as a safe type for the environment has been contributing to the growth of the segment in the market during the forecast period.

Refrigeration application segment is estimated to dominate the refrigerants market 

The factors like increasing consumers in the supermarket and hyper market, refrigeration plays an important role in the pharmaceutical industry, and additionally, the domestic market has also observed increasing demand for the refrigeration because of the growing disposable income along with the increasing concern for the wastage and quality preservation of the food have been contributing to the growth of segment in the market during the forecast period. 

Asia Pacific is estimated to gain high market share in the refrigerants market

The factors such as increasing population and fast urbanization, along with the application in the commercial, industrial and residential, increase in the disposable income has been contributing to the growth of the refrigerants market in the Asia Pacific region during the forecast period. 

Key Players

The key players in the refrigerants market are A-Gas, Arkema Group (Bostik SA), Daikin Industries Ltd, Dongyue Group Co. Ltd, Harp International Ltd, Honeywell International Inc., Hudson Technologies, LINDE Plc, Mexichem S.A.B. de CV, Navin Fluorine International Ltd, Sinochem Group, SRF Limited and The Chemours Company among others. 

Browse for More Details: https://www.axiommrc.com/product/10571-refrigerants-market-report 

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