Global Secondary Refrigerants Market – Analysis and Forecast To 2024 | Eastman Chemical Company, Hydratech.

Posted April 11, 2020 by Goal_T

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Secondary refrigerants are the fluids that are used to transfer heat from a substance which is being cooled by heat exchanger. After being cooled, the liquid is transferred through a series of pipes to the cooling load location, which is then returned to repeat the whole process. The secondary coolant circulates through a cooling system and cooled in a heat exchanger. They are generally non-toxic in nature in small amounts; however large amounts should be disposed in a proper manner.

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High investment at the initial stages is identified as the major challenge in the secondary refrigerants market. For example, supermarkets are using carbon dioxide as a refrigerant due to their high energetic efficiency. However, the installation cost may become higher due to high pressure of carbon dioxide.

The secondary refrigerants market is highly fragmented, where major players are using various strategies such as merger, expansion, new launches, partnerships, and others to expand their footprints in the market.

Europe is the largest consumer of these refrigerants and expected to witness the considerable growth in the secondary refrigerants market in the coming years. This is attributed to the recent plans in Europe to phase out F-gases, which is expected to reduce the use of HFC gases at a significant rate. The authorities are pushing the users to switch from primary refrigerants to protect the environment, resulting in increasing demand of these refrigerants in the region.

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Honeywell International Inc., Arkema Group, Daikin Industries Ltd., Hudson Technologies, The Linde Group, Eastman Chemical Company, Hydratech, Environmental Process Systems Limited, A-Gas International, Tazzetti S.P.A, and Temper Technology Ab are some of the key players operating in secondary refrigerants market.

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Last Updated April 11, 2020