Global Secondary Refrigerants Market is Expected to Grow at USD 798.16 Million by 2025

Secondary Refrigerants Market is growing at a CAGR of 7.1% during the forecast period of 2020-2027. The growth in the air conditioning industry and oil and gas industry is leading, in turn, the demand for secondary refrigerants. The healthcare and pharmaceutical plants used these coolants to maintain the temperature of their furnace and equipment process and hence driving the market. A secondary refrigerant market is restrained due to the investment cost is high and use of secondary refrigerants in an indirect refrigeration system is expensive.   

Secondary refrigerants market has shown an exceptional penetration in the developed economies. Europe is dominating the market due to well-developed industrialization and developed solar plants which attribute to energy requirements.

Secondary Refrigerants Market Scenario

Secondary refrigerants are in fluid form and are used to transfer heat from a substances being cooled to heat exchanger, where the heat is absorbed by a primary refrigerant. Low impact on the environment is a major driver for the market and increase in demand for reduction in primary refrigerants charge also helps to boost the secondary refrigerants market.  

Now the question is which are the other regions that secondary refrigerants market is targeting? Data Bridge Market Research has estimated a large growth in the Asia-Pacific.

For more analysis on the secondary refrigerants market request for a briefing with our analysts

Scope of the Secondary Refrigerants Market

Global secondary refrigerants market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027  

  • All country based analysis of the secondary refrigerants market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the secondary refrigerants market is segmented into salt brines, glycols, carbon dioxide and others. Salt brines are further segmented into calcium chloride, potassium formate, and potassium acetate. Glycols are further segmented into propylene glycol and ethylene glycol. On the basis of application, the secondary refrigerants market is segmented into industrial refrigeration, heat pumps, commercial refrigeration and air conditioning.  

To know more about the study

Key Pointers Covered in the Secondary Refrigerants Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications Secondary Refrigerants Nano clays Market Innovators Study

Key Market Competitors Covered in the Report

  • Temper Technology AB
  • SRS Frigadon
  • hydratech-industries
  • Environmental Process Systems Inc.
  • Hydratech
  • B.A.F
  • Gas Servei
  • Hillphoenix
  • Climalife Groupe Dehon
  • Trane
  • Nisso Shoji Co. Ltd.
  • A-Gas
  • Tazzetti S.p.A
  • National Refrigerants Ltd. 
  • Clariant
  • Mitsubishi Chemical Holdings corporation
  • Hitachi Chemical Co.
  • NEI Corporation
  • Nichia Corporation
  • Srs Frigadon

Above are the key players covered in the report, to know about more and exhaustive list of secondary refrigerants market companies contact us

Research Methodology: Secondary Refrigerants Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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