Global Secondary Refrigerants Market By Type (Salt Brines, Glycols, Carbon Dioxide, Others), Application (Industrial Refrigeration, Heat Pumps, Commercial Refrigeration, Air Conditioning), End-User (Oil & Gas, Food and Beverages, Pharmaceuticals, Chemical, Plastics, Others), Country (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
Market Analysis and Insights : Global Secondary Refrigerants Market
Secondary refrigerants market will reach an estimated valuation of USD 868.69 million by 2027, while registering this growth at a rate of 6.34% for the forecast period of 2020 to 2027. Data Bridge Market Research report on secondary refrigerants market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The growing demand for reduction in primary refrigerants charge will help impact the secondary refrigerants market growth in the forecast period of 2020 to 2027. The low environmental impact, rapid industrialization and phasing out OF CFCS, HCFCS, and HFCS refrigerants are also expected to accelerate the market growth. On the other hand, rising demand for natural refrigerants and effects of global warming will further boost ample opportunities that will lead to the growth of the market in the above mentioned forecast period.
High investment cost and safety issues will act as the major restraints to the growth of the secondary refrigerants market in the above mentioned forecast period.
This secondary refrigerants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on secondary refrigerants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Secondary Refrigerants Market Scope and Market Size
Secondary refrigerants market is segmented on the basis of type, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the secondary refrigerants market is segmented into salt brines, glycols, carbon dioxide and others.
- The application segment for secondary refrigerants market includes industrial refrigeration, heat pumps, commercial refrigeration and air conditioning.
- Based on end-user, the secondary refrigerants market is segmented into oil & gas, food and beverages, pharmaceuticals, chemical, plastics and others.
Secondary Refrigerants Market Country Level Analysis
Secondary refrigerants market is analyzed and market size, volume information is provided by country type, application and end-user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the secondary refrigerants market due to the strong industrialization and developed solar plants which feature to energy requirements in the region. Asia-Pacific region is expected to hold the largest growth rate in the forecast period of 2020 to 2027 owing to the growth of renewable energy sector and rising demand for low GWP and ODP refrigerants due to government initiatives in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Secondary Refrigerants Market Share Analysis
Secondary refrigerants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to secondary refrigerants market.
The major players covered in the secondary refrigerants market report are SRS Frigadon, Hydratech Industries India Pvt Ltd., DOW, Tazzetti S.p.A, National Refrigerants Ltd., Clariant, Environmental Process Systems Inc., Arteco, Linde plc., B.A.F, Eastman Chemical Company, Temper Technology AB, CAC Holdings corporation, Hitachi Chemical Co., Gas Servei, Hillphoenix, A Dover Company, Climalife Groupe Dehon, Trane, Nisso Shoji Co. Ltd., A-Gas, Mitsubishi Chemical Holdings corporation, Dynalene Inc., NEI Corporation, NICHIA CORPORATION and CHEMTEX SPECIALITY LTD, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.