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.
According to this study, over the next five years the Natural Refrigerants market will register a 13.5% CAGR in terms of revenue, the global market size will reach US$ 2240 million by 2024, from US$ 1190 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Natural Refrigerants business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Natural Refrigerants market by product type, application, key manufacturers and key regions and countries.
This study considers the Natural Refrigerants value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Ammonia (R-717)
Hydrocarbons (R-290, R-1270, R-600a, etc.)
Carbon Dioxide (CO2) (R-744)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Refrigeration
Air Conditioning
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Linde Group
Puyang Zhongwei
Airgas
Sinochem
Shandong Yuean
Aeropres
A-Gas international
Tazzetti
Engas Australasia
Harp International
Hychill
GTS
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Natural Refrigerants consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Natural Refrigerants market by identifying its various subsegments.
Focuses on the key global Natural Refrigerants manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Natural Refrigerants with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Natural Refrigerants submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Natural Refrigerants. Industry analysis & Market Report on Natural Refrigerants is a syndicated market report, published as Global Natural Refrigerants Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Natural Refrigerants market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.