Global Natural Refrigerants Market Research Report 2021
Natural refrigerants are natural substances that serve as refrigerants in refrigeration systems (including refrigerators, HVAC, and air conditioning). They are alternatives to hydrofluorocarbon (HFC), hydro chlorofluorocarbon (HCFC) and chlorofluorocarbon (CFC) based refrigerants. Unlike other refrigerants, they are not synthetic chemicals and can sometimes be found in nature. Natural refrigerants are chemicals which occur in nature's bio-chemical processes. They do not deplete the ozone layer and make a negligible - or zero in the case of R717 (ammonia) - contribution to global warming. The high efficiency of natural refrigerants also means that they make a lower indirect contribution to global warming. They are not only used due to environmental sustainability as some applications are better suited to a particular natural refrigerant.
This report studies the global Natural Refrigerants market.
Europe and North America have a larger revenue market share in 2018 which together account for 67.29%, and will witness a stable growth in following years. Japan hold a market share of 11.94% will still play an important role which cannot be ignored. Any changes from Japan might affect the development trend of Natural Refrigerants. Southeast Asia and India also play important roles in global market, which hold relatively low share, but they will witness the comparatively high growth rate within selected regions in the future.
Market Analysis and Insights: Global Natural Refrigerants Market
The global Natural Refrigerants market was valued at US$ 1519 million in 2019 and it is expected to reach US$ 3473.4 million by the end of 2026, growing at a CAGR of 12.4% during 2021-2026.
Global Natural Refrigerants Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Natural Refrigerants Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Ammonia (R-717)
Hydrocarbons (R-290, R-1270, R-600a, etc.)
Carbon Dioxide (CO2) (R-744)
Segment by Application
Refrigeration
Air Conditioning
Others
By Company
Linde Group
Puyang Zhongwei
Airgas
Sinochem
Shandong Yuean
Aeropres
A-Gas international
Tazzetti
Engas Australasia
Harp International
Hychill
GTS
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
This report studies the global Natural Refrigerants market.
Europe and North America have a larger revenue market share in 2018 which together account for 67.29%, and will witness a stable growth in following years. Japan hold a market share of 11.94% will still play an important role which cannot be ignored. Any changes from Japan might affect the development trend of Natural Refrigerants. Southeast Asia and India also play important roles in global market, which hold relatively low share, but they will witness the comparatively high growth rate within selected regions in the future.
Market Analysis and Insights: Global Natural Refrigerants Market
The global Natural Refrigerants market was valued at US$ 1519 million in 2019 and it is expected to reach US$ 3473.4 million by the end of 2026, growing at a CAGR of 12.4% during 2021-2026.
Global Natural Refrigerants Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Natural Refrigerants Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Ammonia (R-717)
Hydrocarbons (R-290, R-1270, R-600a, etc.)
Carbon Dioxide (CO2) (R-744)
Segment by Application
Refrigeration
Air Conditioning
Others
By Company
Linde Group
Puyang Zhongwei
Airgas
Sinochem
Shandong Yuean
Aeropres
A-Gas international
Tazzetti
Engas Australasia
Harp International
Hychill
GTS
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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