- Refrigerant is a chemical combination of fluids which operates in heat pumps and refrigeration cycling as cooling agents.
- They are extensively used in several applications such as residential, industrial, and commercial sectors and are also used in automotive industry.
- Major factors that are expected to boost the growth of the refrigerant market in the forecast period are the rise in the cold chain.
- Furthermore, the growing disposable income of the people is further anticipated to propel the growth of the refrigerant market.
- Moreover, the increase in the knowledge related to global warming and ozone depletion is further estimated to cushion the growth of the refrigerant market.
