Hydrocarbon Refrigerants Market Size, Share, Demand, Future Growth, Challenges and Competitive Analysis in Aerospace Insulation Market Size, Share, Key Drivers, Growth and Opportunity Analysis
- March 16, 2023, 2:48 p.m.
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Data Bridge Market Research analyses that the hydrocarbon refrigerants market will witness a CAGR of 8.25% for the forecast period of 2021-2028. Increase in the demand for hydrocarbon refrigerants for a wide range of applications such as refrigerators, chillers, air conditioners, heat pumps and others, growth and expansion of consumer appliances industry especially in the developing economies such as India and China and surge in industrialization in the developing countries are the major factors attributable to the growth of the hydrocarbon refrigerants market.
The hydrocarbon refrigerants chemicals are non-toxic refrigerants and have a low impact on the environment in terms of ozone layer depletion and global warming. The hydrocarbon refrigerants chemicals are used for a wide range of residential and commercial purposes.
Stringent regulations imposed by the government of the application of fluorinated gases coupled with increased initiatives to spread awareness among population is the root cause fuelling up the hydrocarbon refrigerants market growth rate. Rising application of hydrocarbon refrigerants by the various end user verticals is another factor responsible for propelling growth in the hydrocarbon refrigerants market value. The changing lifestyles, food habits and increasing demand of time and energy saving appliances will further create lucrative growth opportunities for the hydrocarbon refrigerants market.
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The major players covered in the hydrocarbon refrigerants market report are Linde, A-Gas, SRS Frigadon., NIDEC CORPORATION, Beijer Ref AB, eurammon e.V., True Manufacturing Co., Inc., Air Liquide, Sinochem, Harp International Ltd.., Tazzetti S.p.A., Oz-Chill Refrigerants, Zhejiang Fotech International Co.,Ltd., HyChill Australia, GTS SPA, engas Australasia, Airgas, Inc., Arkema, Honeywell International Inc. and AGC Inc. 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.
Scope of the Hydrocarbon Refrigerants Market Report:
The hydrocarbon refrigerants market is segmented on the basis of type and application. 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 market.
On the basis of type, the hydrocarbon refrigerants market is segmented into propane, isobutene, propylene and others.
On the basis of application, the hydrocarbon refrigerants market is segmented into refrigerators, chillers, air conditioners, heat pumps and others. Refrigerators segment is sub-segmented into domestic, commercial and industrial. Air conditioners segment is sub-segmented into window, split ACs, VRF, MAC and others. Others segment is further bifurcated into packaged terminal and packaged rooftop.
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Hydrocarbon Refrigerants Market Regional Analysis/Insights
The Hydrocarbon Refrigerants market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Hydrocarbon Refrigerants 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.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Hydrocarbon Refrigerants within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Hydrocarbon Refrigerants market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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