Global Secondary Refrigerants Market is Set for a Positive Growth Forecast at CAGR of 7.3% till 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Global Secondary Refrigerants Market, Forecast to 2022” under Chemical & Materials category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Rising demand for reduction in primary refrigerant charge is expected to drive the secondary refrigerants market
The secondary refrigerants market is estimated to be USD 499.7 million in 2017 and is projected to reach USD 710.7 million by 2022, at a CAGR of 7.3% between 2017 and 2022. The secondary refrigerants market is largely driven by the rising demand for reduction in primary refrigerant charge. The use of secondary refrigerants helps to reduce the quantities of primary refrigerants in the primary refrigerant loop system. A charge reduction between 5% and 15% as compared to the direct refrigeration system can be achieved. Low environmental impact of secondary refrigerants and phasing out of HCFCs, CFCs, and HFCs refrigerants are other factors that are expected to drive the secondary refrigerants market. However, the use of secondary refrigerants in an indirect refrigeration system is relatively expensive as compared to that of the direct refrigeration system, which is a major restraint for the growth of the market.
Request a free sample copy of Secondary Refrigerants Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/1053360
The carbon dioxide segment is expected to be the fastest-growing type segment of the secondary refrigerants market, in terms of value, from 2017 to 2022
The carbon dioxide type segment is expected to witness the highest growth, in terms of value, from 2017 to 2022. Carbon dioxide refrigerants are the environment-friendly type of refrigerants having zero ODP and minimal GWP. Carbon dioxide refrigerants have excellent thermodynamic properties, high-energy efficiency, and are non-toxic and non-flammable. These properties make them suitable for use in a wide range of applications and are one of the key factors that is expected to drive the growth of the carbon dioxide type segment in the coming years.
The commercial refrigeration segment is expected to be the fastest-growing application segment of the secondary refrigerants market, in terms of value, from 2017 and 2022
The commercial refrigeration segment is estimated to be the fastest-growing application segment between 2017 and 2022, in terms of both, value and volume. The growth of this segment can be attributed to the rising demand for reduction in primary refrigerant charge and leakage. Government regulations promoting the use of low GWP and ODP refrigerants are expected to support the secondary refrigerants market in commercial refrigeration.
APAC is expected to be the fastest-growing secondary refrigerants market during the forecast period, in terms of value and volume
The growing demand for low GWP and ODP refrigerants as a result of government initiatives is expected to fuel the growth of the secondary refrigerants market in the Asia Pacific region. In addition, the strong focus on strengthening cold-chain infrastructure from emerging economies such as China and India is further driving the APAC secondary refrigerants market.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, primary interviews were conducted as follows:
- By Company Type: Tier 1 (46%), Tier 2 (31%), and Tier 3 (23%)
- By Designation: C-Level (46%), Director Level (27%), and Others (27%)
- By Region: North America (33%), Europe (27%), APAC (27%), Middle East & Africa (6%), and South America (7%)
Key players profiled in the report include The Linde Group (Germany), A-Gas International (UK), TAZZETTI S.P.A (Italy), The Dow Chemical Company (US), Eastman Chemical Company (US), Clariant AG (Switzerland), Arteco Coolants (Belgium), Temper Technology AB (Sweden), SRS Frigadon (UK), Hydratech (UK), Dynalene (US), Environmental Process Systems (UK), Gas Servei SA (Spain), Climalife Groupe Dehon (France), and Nisso Shoji Co. Ltd. (Japan).
Click the link below to read the Full report :
https://www.bharatbook.com/MarketReports/Secondary-Refrigerants-Market-by-Type-Glycols-Salt-Brines-Carbon-Dioxide-Application-Commercial-Refrigeration-Industrial/1053360
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
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Rising demand for reduction in primary refrigerant charge is expected to drive the secondary refrigerants market
The secondary refrigerants market is estimated to be USD 499.7 million in 2017 and is projected to reach USD 710.7 million by 2022, at a CAGR of 7.3% between 2017 and 2022. The secondary refrigerants market is largely driven by the rising demand for reduction in primary refrigerant charge. The use of secondary refrigerants helps to reduce the quantities of primary refrigerants in the primary refrigerant loop system. A charge reduction between 5% and 15% as compared to the direct refrigeration system can be achieved. Low environmental impact of secondary refrigerants and phasing out of HCFCs, CFCs, and HFCs refrigerants are other factors that are expected to drive the secondary refrigerants market. However, the use of secondary refrigerants in an indirect refrigeration system is relatively expensive as compared to that of the direct refrigeration system, which is a major restraint for the growth of the market.
Request a free sample copy of Secondary Refrigerants Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/1053360
The carbon dioxide segment is expected to be the fastest-growing type segment of the secondary refrigerants market, in terms of value, from 2017 to 2022
The carbon dioxide type segment is expected to witness the highest growth, in terms of value, from 2017 to 2022. Carbon dioxide refrigerants are the environment-friendly type of refrigerants having zero ODP and minimal GWP. Carbon dioxide refrigerants have excellent thermodynamic properties, high-energy efficiency, and are non-toxic and non-flammable. These properties make them suitable for use in a wide range of applications and are one of the key factors that is expected to drive the growth of the carbon dioxide type segment in the coming years.
The commercial refrigeration segment is expected to be the fastest-growing application segment of the secondary refrigerants market, in terms of value, from 2017 and 2022
The commercial refrigeration segment is estimated to be the fastest-growing application segment between 2017 and 2022, in terms of both, value and volume. The growth of this segment can be attributed to the rising demand for reduction in primary refrigerant charge and leakage. Government regulations promoting the use of low GWP and ODP refrigerants are expected to support the secondary refrigerants market in commercial refrigeration.
APAC is expected to be the fastest-growing secondary refrigerants market during the forecast period, in terms of value and volume
The growing demand for low GWP and ODP refrigerants as a result of government initiatives is expected to fuel the growth of the secondary refrigerants market in the Asia Pacific region. In addition, the strong focus on strengthening cold-chain infrastructure from emerging economies such as China and India is further driving the APAC secondary refrigerants market.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, primary interviews were conducted as follows:
- By Company Type: Tier 1 (46%), Tier 2 (31%), and Tier 3 (23%)
- By Designation: C-Level (46%), Director Level (27%), and Others (27%)
- By Region: North America (33%), Europe (27%), APAC (27%), Middle East & Africa (6%), and South America (7%)
Key players profiled in the report include The Linde Group (Germany), A-Gas International (UK), TAZZETTI S.P.A (Italy), The Dow Chemical Company (US), Eastman Chemical Company (US), Clariant AG (Switzerland), Arteco Coolants (Belgium), Temper Technology AB (Sweden), SRS Frigadon (UK), Hydratech (UK), Dynalene (US), Environmental Process Systems (UK), Gas Servei SA (Spain), Climalife Groupe Dehon (France), and Nisso Shoji Co. Ltd. (Japan).
Click the link below to read the Full report :
https://www.bharatbook.com/MarketReports/Secondary-Refrigerants-Market-by-Type-Glycols-Salt-Brines-Carbon-Dioxide-Application-Commercial-Refrigeration-Industrial/1053360
About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com
Follow us on : Twitter, Facebook, LinkedIn, Google Plus
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