Los Angeles, CA -- (SBWIRE) -- 06/25/2019 -- A refrigerant is a substance or mixture, usually a fluid, used in a heat pump and refrigeration cycle. In most cycles it undergoes phase transitions from a liquid to a gas and back again. Many working fluids have been used for such purposes. Fluorocarbons, especially chlorofluorocarbons, became commonplace in the 20th century, but they are being phased out because of their ozone depletion effects. Other common refrigerants used in various applications are ammonia, sulfur dioxide, and non-halogenated hydrocarbons such as propane.
The growing emphasis on global warming and climate change has resulted in the implementation of stringent regulations for cleaner, safer, and more energy-efficient households and workplaces worldwide. This has propelled building owners to renovate old buildings, including replacing or retrofitting existing HVAC equipment for making them more energy-efficient. These efforts to phase out the currently used refrigerants will lead to an increased demand for replacement of refrigerants, thereby aiding the growth in the HVAC refrigerant market.
APAC dominated the HVAC Refrigerant market and occupied most of the overall market share. Much of this region's growth can be attributed to the surge in constructional activities in several APAC nations, especially India and China. Factors such as growing demand from the industrial sectors such as construction and automotive from the developing countries will boost the market's growth in this region over the next four years.
The global HVAC Refrigerant market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
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This report studies the HVAC Refrigerant market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of HVAC Refrigerant in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Airgas Refrigerants
Arkema
Chemours
Dongyue
Honeywell
Linde
By the product type, the market is primarily split into
Fluorocarbons
Hydrocarbons
Inorganic
By the end users/application, this report covers the following segments
Food Service
Food Processing
Supermarket
Cold Storage
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