The Europe Inorganic Refrigerants Market report defines and segments the inorganic refrigerants market in Europe with analysis and forecast of revenue.
Browse through the TOC of the Europe Inorganic Refrigerants Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the European inorganic refrigerants market, and is supported by various tables and figures.
Inorganic refrigerants consist of inorganic compounds which do not contain a carbon-hydrogen bond, and are used primarily as refrigerants, such as R718, R717, and R744. Majority of these refrigerants are non-toxic, environment friendly, inexpensive & non-flammable. R717 is preferred for the food industry. The use of refrigerants such as ammonia is phasing out as it results into harmful and undesirable effects, causing ozone depletion and climate change. Besides, inorganic refrigerants are mainly used as a cooling medium in the air-conditioning and refrigeration industry.
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The key countries of the European inorganic refrigerants market include Germany, France, U.K., Spain, and Italy. Adverse market forces such as high fluctuation in raw material prices, rising manufacturing costs, and tight competition from Asia-Pacific producers affect the competitiveness among European producers, while the currency fluctuations between the Euro and Dollar can lead to currency translation distortions with regard to international sales turnover for the European manufacturers.
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The report covers the Europe inorganic refrigerants market which is segmented on the basis of application and geography. In the European region, the inorganic refrigerants are applied in chiller and hydronic heat pumps, commercial refrigeration, domestic refrigeration, industrial refrigeration, mobile air conditioners, stationary air conditioners, and transportation refrigeration.
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Americas Inorganic Refrigerants Market
The refrigerants market is experiencing high growth due to increased demand for cooling products such as refrigerators and air conditioners. Inorganic refrigerants consist of inorganic compounds (which do not contain a carbon-hydrogen bond) used primarily as refrigerants, such as R718, R717, and R744. Majority of these refrigerants are non-toxic and environment friendly, inexpensive, and non-flammable. They are mainly used in industrial applications.
The inorganic refrigerants market in the Americas was valued at $52.76 million in 2013 and is estimated to reach $72.99 million by 2019, growing at a CAGR of 6.3% from 2014 to 2019.
The report, ‘Americas Inorganic Refrigerants Market’, analyzes the inorganic refrigerants market by type with respect to three major types: ammonia, carbon dioxide, and water. All these types of refrigerants have experienced growth in the market until 2013, and this trend is expected to continue in the coming years. With a market value of $40.9 million, ammonia has been contributing the maximum share to the inorganic refrigerants industry in this region. The market for water is expected to witness high growth in the region and will grow at a projected CAGR of 15.1% between 2014 and 2019.