Refrigerant is a substance used as a medium of heat transfer, which picks up the heat by evaporating at a low temperature and pressure. It gives up the heat on condensing at a higher temperature & pressure, and coverts back to the gas phase in the refrigeration cycle. Refrigerants are designated by R followed by a unique number.

Global Key Players and Competition Analysis
Some of the prominent players operating in the global refrigerant market are DAIKIN INDUSTRIES, Ltd.(Japan), The Chemours Company. (U.S.), Honeywell International Inc. (U.S.), Arkema S.A. (France), Dongyue Group Co. Ltd (China), Asahi Glass Co., Ltd. (Japan), Sinochem Group (China), Mexichem S.A.B. de C.V. (Mexico), The Linde Group (Germany), SRF Limited (India), and DowDuPont Inc. (U.S.).

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Segmentation Analysis
The global refrigerant market is segmented by type, application, and region. Based on the type, the global refrigerant market is segmented into natural refrigerants and synthetic refrigerants. Based on the application, the global refrigerant is segmented into refrigerators, air conditioners, chillers/heat pump, and others. Air conditioners are projected to be the largest market for refrigerants in the forecast period due to the rising disposable incomes; rising standard of living, rapid technological advancements, and upcoming infrastructure projects on transport networks, and commercial & residential projects in the emerging economies.

Regional Analysis
The Global Refrigerant Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is the major region in the global market. The Middle East & Africa is expected to show rising demand over the forecast period. North America and Europe is expected to show steady demand, which is further trailed by Latin America.

Market Scope
The refrigerant is a heat carrier, which changes phase from gas to liquid and then back to gas in the refrigeration cycle. In other words, the refrigerant is the medium of heat transfer, which picks up the heat by evaporating at a low temperature and pressure and gives up the heat on condensing at a higher temperature & pressure. It is used as a cooling mechanism in refrigerators, and air conditioners. The good refrigerant should have high stability, low toxicity, and an atmospheric boiling point between -400C to 00C, inexpensive.

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Industry News:
April 2018 Market Research Future Published a Half-Cooked Research Report on Global Refrigerant Research Report.

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