New Materials research report from Markets and Markets is now available from Fast Market Research

Boston, MA -- (SBWire) -- 07/11/2013 --The growth in consumer durable and automobile industry is driving the demand in refrigerant industry. Additionally, the major suppliers are responding towards the phase out of HCFCs by providing a wide range of alternative refrigerants and maintaining their supply globally. The primary application of refrigerants is in the manufacturing of refrigeration and air conditioning equipments. Some of its others, but significant, uses are in solvents, foam blowing agents, pharmaceuticals, food stuff, plastics, electronics etc.

The refrigerant market has great growth potential. The market is expected to grow at a compound annual growth rate of 5.2%, over the next five years and reach 1.6 million metric tons by 2018. Asia-Pacific, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest consumption during the next five years.

View Full Report Details and Table of Contents

The growing demand for cooling equipment and high growth in Asia-Pacific region is expected to remain the driving force for refrigerants demand in long run. However the frequent change in Montreal Protocol with respect to choice in refrigerant is restraining the market growth. The use of traditional refrigerant such as CFC and HFCF is causing greenhouse effects, so its use is being restricted. Hence, the demand for natural or green refrigerants is emerging in the refrigerant market.

This report studies and forecasts the refrigerant market till 2018. The market is further segmented and forecasted for major geographic regions such as: Americas, Europe, Asia-Pacific, and Rest of the World that include key growth regions like China, and India. Major countries with the volumes and revenues are covered for each of the region. Market estimations have been provided in terms of consumption volume (metric ton) and market revenue (USD). The global as well as regional markets have been segmented by applications such as refrigeration (domestic, commercial, transportation, and industrial), and AC (stationary or air to air AC, chillers & hydronic heat humps and Mobile AC).

Market has also been segmented on the basis of product types where major product types such as fluorocarbons (HCFC and HFC), inorganic refrigerants (ammonia, carbon dioxide), hydrocarbon (propane and iso-butane), and other refrigerants have been discussed in detail and a comprehensive view and forecast is provided for each category with the market volumes and revenues.

We have also profiled leading players of this industry with their recent developments and other strategic industry activities. Key participants in the global refrigerant market include France based Arkema SA, Japan based Daikin Industries Ltd., E.I. du Pont de Nemours & Co (U.S.), Honeywell International (U.S.), Mexico based Mexichem Fluor S.A. de C.V., and Belgium based Solvay SA. China based Dongyue Group., India based Navin Fluorine International Ltd, Gujarat Fluorochemicals Ltd and SRF Ltd.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Materials research reports at Fast Market Research

You may also be interested in these related reports:

- Ammonia Industry Outlook in France to 2016 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants
- Advanced Phase Change Material (PCM) Market By Type (Inorganic, Organic & Bio-Based) & Application (Building & Construction, Cold Storage, HVAC, Textile, Thermal Energy Storage, Electronics) - Global Trends & Forecast To 2018
- Seed Treatment Market - Global Trends, Forecasts & Technical Insights up to 2018
- Water & Wastewater Treatment Equipment Market by Types (Disinfection: Chlorine, UV, Ozone; Filtration: Granular, Adsorption, RO, MF, UF; Desalination, Testing), By Applications (Municipal, Industrial), & By Geography - Global Trends & Forecasts To 2018
- Europe Ammonia Industry Outlook to 2016 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants
- Asia Pacific Ammonia Industry Outlook to 2016 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants
- North America Ammonia Industry Outlook to 2016 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants
- Ammonia Industry Outlook in the US to 2016 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants
- Ammonia Industry Outlook in Japan to 2016 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants
- Ammonia Industry Outlook in Germany to 2016 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants