Refrigerant Market Projected to Reach $15.7 Billion By 2018


Posted April 30, 2015 by samuel871

Refrigerant Market report categorizes the Global Market by Application, Product Type [Inorganic (Ammonia, Carbon dioxide), Hydrocarbon (HC), Hydro Chlorofluorocarbon (HCFC), Hydrofluorocarbon (HFC)] & by Geography.

 
The report Refrigerant Market defines and segments the global refrigerant market with analysis and forecasting of the global volume and revenue. Refrigerant consumption will grow from an estimated $10.5 billion (equivalent to 1,207 thousand MT) in 2012 to $15.7 billion by 2018, with a CAGR of 6.9% from 2013 to 2018.

Browse 111 market data tables with 16 figures spread through 220 pages and in-depth TOC on Refrigerant Market

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The rapid economic growth in most of the emerging countries (China and India) in the recent years resulted in rampant growth of commercial, industrial and automotive sector, which in turn created significant demand for refrigerants.
Among all the geographies, Asia-Pacific accounted for largest portion of refrigerant demand in 2012, totalling just around half of the world market. The increase in regions demand is mainly due to rising demand for cooling products primarily driven by increasing middle class population in developing countries such as China and India.

Table of Contents
1 Introduction
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Refrigerant Market, By Types
6 Refrigeration Market, By Applications
7 Refrigerant Market, By Geography
8 Competitive Landscape
9 Company Profiles

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The demand for HCFC was high during 2003 to 2009 but the Montreal Protocol which demands phase out HCFC has significantly reduced its growth prospects. This in turn, is driving the HFC market as a substitute to HCFC. However use of HFC; s is beginning to come under strict regulations, especially in Western Europe. So now there is shift of consumer preferences towards natural refrigerants. The most commonly used natural refrigerants are ammonia, carbon dioxide, propane and iso-butane. Since fluorocarbons have high GWP, the demand for natural is increasing tremendously.
The report forecasts volume and revenue of the global refrigerant market and its various sub-markets with respect to main regions such as Americas, Europe, Asia-Pacific, and Rest of the World. Major countries such as U.S., China, India, Japan, Germany, and UK etc. were analysed.
The report segments the global refrigerant market by type, application, and geography. It also focuses on market share analysis, and market metrics such as drivers, restraints, opportunities, burning issues and winning imperatives. Top players in the global refrigerant market have been identified and profiled.

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Categories Business
Tags cfc refrigerant , hcfc market , hfc refrigerant , hydro chlorofluorocarbons market , hydro fluorocarbon market , hydrocarbon market , inorganic market , refrigerant market
Last Updated April 30, 2015