1. Market Research
  2. > Home and Office Goods
  3. > Home Goods
  4. > Major Appliance Market Trends

Natural Refrigerants Market by Type, by Application - Global Trends & Forecasts to 2020

  • September 2015
  • 169 pages
  • MarketsandMarkets
Report ID: 3284055

Summary

Table of Contents

Search Inside

Natural refrigerants are chemicals such as ammonia, carbon dioxide, and hydrocarbons that are called ’natural’, as their substances exist in nature’s bio-chemical processes. Natural refrigerants have negligible impact on global warming and do not deplete the ozone layer. Natural refrigerants provide higher energy efficiency, low leakage rate and have lower refrigerant cost than fluorocarbons.

The market for natural refrigerants is estimated to grow on account of the environmental regulations for regulating emissions and for improving energy efficiency in building and systems. High initial investments and lack of technical knowledge required for the handling of natural refrigerants are the restraints for the market.

Region-wise, Europe is leading the natural refrigerants market. Growth in Europe is attributed to the stringency in environmental legislations that have restricted the use of HFC and HCFC refrigerants and has increased the demand for natural refrigerants. Europe is also projected to be the fastest-growing region in the market due to the high rate of natural refrigerant adoption by the end users in the region. Asia-Pacific is the second-largest market for natural refrigerants. North America has been lagging behind in terms of natural refrigerants but recently proposed legislations and environmental concerns are expected to propel the growth of natural refrigerants in the region.

Ammonia refrigerants (R-717) dominated the market in 2015 and are estimated to experience a steady growth on account of its wide usage in industrial refrigeration and light-commercial refrigeration applications.

Carbon dioxide refrigerant (R-744) is projected to witness the highest growth in the natural refrigerants market till 2020 due to its growing adoption by superstore and food retail chains for refrigeration and air-conditioning applications. Hydrocarbon refrigerants (R-290, R-1270) are estimated to witness high growth on account of its rising application in domestic refrigeration and light-commercial refrigeration. Hydrocarbons have already captured a major share of the domestic refrigeration segment while they are gaining ground rapidly in the light-commercial refrigeration with major beverage players such as RedBull and Coca-Cola using hydrocarbons in their stand-alone refrigerators and cold cabinet displays.

The report includes analysis of the natural refrigerants market trends and forecasts till 2020. The market size has been provided in terms of market volume (ton) and value (USD million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered recent developments, and company strategy.

The natural refrigerants market is projected to register a CAGR of 11.5% between 2015 and 2020 to reach USD 1,419.19 million in 2020 from USD 821.74 million in 2015. Industrial refrigeration is the major application for the natural refrigerants market and has been estimated to witness a steady growth till 2020

The natural refrigerants industry is moving toward investments for expansion in terms of production capacity and distribution network. The companies in the natural refrigerants market are also focusing of the development of new products to increase their market share and promote the application of natural refrigerants.

Similar reports
Sr. No. Report Title Published Date
1 REFRIGERANT MARKET
by Type (Fluorocarbon, Inorganics, and Hydrocarbons), and by Application (Domestic, Commercial, Transportation, Industrial, Stationary Air Conditioning, Chillers, and Mobile Air Conditioning) - Global Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/refrigerant-market-1082.html
August 2015
2 COLD CHAIN MARKET
by Type (Refrigerated Storage, Refrigerated Transport), Product Type (Chilled, Frozen), Application (Fruits & Vegetables, Bakery & Confectionery, Dairy & Frozen Desserts, Meat, Fish & Seafood) & Region - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/cold-chains-frozen-food-market-811.html
November 2014

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Commercial Refrigeration Equipment Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Equipment Type, by Application, by End-User

  • $ 6000
  • Industry report
  • June 2017
  • by P&S Market Research

Market Overview Growing at a moderate rate, the global commercial refrigeration equipment market had a size of $39,157.0 million in 2016. The commercial refrigeration equipment market is expected to witness ...

Refrigerant Market by Type, Application, Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

Refrigerants market projected to reach USD 18.05 billion by 2022 The refrigerants market is projected to reach USD 18.05 billion by 2022, at a CAGR of 4.5% between 2017 and 2022. The drivers for this market ...

Magnetic Refrigeration Market by Product, Application, and Geography - Global Forecast to 2023

  • $ 5650
  • Industry report
  • July 2017
  • by MarketsandMarkets

“Magnetic refrigeration market expected to grow at a CAGR of 108.0% between 2018 and 2023” The magnetic refrigeration market is expected to be valued at USD 163.7 million by 2023, growing at a CAGR ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.