Europe Hydrocarbon Refrigerants Market is estimated to reach $62.43 million by 2019


Posted September 16, 2014 by sanjays9407

The Hydrocarbon Refrigerant market report defines and segments the concerned market in Europe with analysis and forecast of revenue.

 
Europe’s hydrocarbon refrigerants market was valued at $46.03 million in 2013 and is estimated to reach $62.43 million by 2019, growing at a CAGR of 5.9% from 2014 to 2019. Hydrocarbon refrigerants are gaining popularity due to their low global warming potential. Thus, they will have great potential in the future.

Hydrocarbon (HC) refrigerant is an organic substance made from hydrocarbons that is used in the refrigerators and air conditioners. HC refrigerant also refers to a line of refrigerants made by new technologies that are non-ozone depleting. Hydrocarbon gases such as R170, 290, and 600A are being used successfully for cooling purpose in industrial, commercial, and domestic applications. Hydrocarbon (HC) refrigerants are flammable which makes it unsafe for use in certain applications. HC refrigerants are environment friendlier gases that can be used for refrigeration, air conditioning, solvents, and plastic molding.

Browse through the TOC of the Europe Hydrocarbon Refrigerant market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.

http://www.micromarketmonitor.com/market/europe-hydrocarbon-refrigerants-2051043601.html

The European region is one of the important markets for refrigerant. The countries in the region include Germany, France, U.K., Spain, and Italy. The European region comprises of Eastern and Western Europe. The adverse market forces such as high fluctuation in the prices of raw material, rising manufacturing costs, and tight competition from Asia-Pacific producers can affect the competitiveness of European producers. Alongside for manufacturers with international exposures, the currency fluctuations between the Euro and Dollar can lead to currency translation distortions in international turnover. The government is encouraging the manufacturers to produce products with upcoming technologies in the region for sustainable development. There is huge competition in the region with less number of manufacturers manufacturing wide range of products for different applications.

The report covers the European hydrocarbon refrigerants market which is segmented on basis of application and geography. In the European region, the hydrocarbon refrigerants are applied in chiller &hydraulic heat pumps, commercial refrigerant, domestic refrigerant, industrial refrigerant, mobile air conditioners, stationery air conditioners, transportation refrigeration.

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Last Updated September 16, 2014