Natural Refrigerants Market Trends and Forecast 2015 - 2023

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REPORT DESCRIPTION
Natural refrigerants are synthesized through a biochemical processusing natural resources. Growing
concern regarding global warming and other environmental issueshas increased the need for natural
refrigerants. Natural refrigerants such as ammonia, carbon dioxide, and hydrocarbons are processed from
natural resources and are more eco-friendly as compared to conventional refrigerants.On the basis of
application, the natural refrigerants market can be segmented into industrial refrigeration, commercial
refrigeration, domestic refrigeration, stationary air conditioning refrigerants, and mobile air conditioning
refrigerants.The global natural refrigerants market can be bifurcated on the basis of type of product such
as ammonia, carbon dioxide, and hydrocarbons.
In-depth research report on Natural Refrigerants Market with Full TOC at :
http://www.transparencymarketresearch.com/natural-refrigerants-market.html
On a global scale, natural refrigerants are largely consumed for refrigeration and airconditioning
purpose.Currently, natural refrigerants available in the market include ammonia, carbon dioxide, and
hydrocarbons. Among hydrocarbons, the commonly used refrigerants include iso-butane, propane, and
propylene. Natural refrigerants are chieflyemployed in industrial, commercial, and domestic refrigeration
systems. Apart from these, natural refrigerants are consumed in mobile air conditioning and stationary air
conditioning. In industrial applications, ammonia holds major share among other natural refrigerants due
to its higher coefficient of performance (CoP), zero ozone depletion potential (ODP), lower cost,and leakage
rate. Major factor restricting growth of the natural refrigerants market is the initial high cost of installation
of refrigeration systems.Other challenges faced by HVAC contractors are toxicity and flammability limits
that occurdue to use of highly concentrated ammonia in smaller refrigeration systems.
Carbon dioxide is expected to hold the largest share of the global natural refrigerants market in
commercial applications due to ease of handling. Recently, companies have started using ammonia along
with carbon dioxide as a refrigerant in industrial applications due to its high performance. Natural
refrigerants have low operating cost and are more effective than conventional refrigerants. HVAC
manufacturers can focus more on employing these natural refrigerants for improving output performance
of the system.
Natural refrigerants are widely used in industrial refrigeration systems for condensing, cooling, and storage
of reactive chemicals. In commercial application, natural refrigerants are used insupermarkets and highend retail outlets for refrigeration of food and beverages, household refrigerators, and other portable cold
storage systems. Furthermore, natural refrigerants are employed in domestic split air conditioners and air
conditioners in vehicles.
Growth in the commercial sector and flourishing automotive industry is driving growth of the natural
refrigerants market in Europe and North America. Improved standards of living and high disposable income
in Asia Pacific are primarily fueling growth of the natural refrigerants market. The hospitality industry is
flourishing in the Middle East. This, in turn, is anticipated to boost demand for air conditioners and
refrigerating systems.
Some of the Key players in the global natural refrigerants market includeAirgas, Inc.,The Linde Group, AGas International, Hess Corporation, Sinochem, General Utilities, Puyang Zhongwei Fine Chemical Co.Ltd.,
HyChill, Engas Australasia, TazzettiS.p.A., Deepfreeze Refrigerants Inc., and ShangdongYueon Chemical
Co., Ltd. Global companies are investing more in R&D activities to develop new substitutes for
conventional refrigerants.
This research report analyzes this market on the basis of its market segments, major
geographies, and current market trends. Geographies analyzed under this research report
include
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North America
•
Asia Pacific
•
Europe
•
Middle East and Africa
Latin America
•
This report provides comprehensive analysis of
•
Market growth drivers
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Factors limiting market growth
•
Current market trends
•
Market structure
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Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
•
It provides a forward looking perspective on different factors driving or restraining market growth
•
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
•
It helps in understanding the key product segments and their future
•
It provides pin point analysis of changing competition dynamics and keeps you ahead of
competitors
•
It helps in making informed business decisions by having complete insights of market and by
making in-depth analysis of market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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Natural refrigerants are synthesized through a biochemical processusing natural resources. Growing concern regarding global warming and other environmental issueshas increased the need for natural refrigerants. Natural refrigerants such as ammonia, carbon dioxide, and hydrocarbons are processed from natural resources and are more eco-friendly as compared to conventional refrigerants.On the basis of application, the natural refrigerants market can be segmented into industrial refrigeration, commercial refrigeration, domestic refrigeration, stationary air conditioning refrigerants, and mobile air conditioning refrigerants.The global natural refrigerants market can be bifurcated on the basis of type of product such as ammonia, carbon dioxide, and hydrocarbons. In-depth research report on Natural Refrigerants Market with Full TOC at : http://www.transparencymarketresearch.com/natural-refrigerants-market.html