Refrigerants Market by Type, Application, Region – 2023

1. Refrigerants Market worth $31.0 billion by 2023 Browse 137 market data Tables 36 Figures 149 Pages and in-depth TOC on " Refrigerant Market "

2. The Refrigerants marketis mainly driven by the rising demand for refrigerants from the applications domestic, commercial, and industrial refrigeration; chillers; window, split, VRF, and other air-conditioning systems; and MAC. Growing demand for refrigerants in upcoming applications has created various opportunities for its manufacturers. APAC is the key market for refrigerants, globally, followed by North America and Europe, in terms of volume. One of the primary drivers of the market is the increasing demand for consumer appliances in these regions. Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1082 The refrigerants market size is estimated to be USD 22.9 billion in 2018 and is projected reach USD 31.0 billion by 2023, at a CAGR of 6.2% between 2018 and 2023.

3. Split ACs application is expected to be the largest application during the forecast period On the basis of application, the refrigerants market has been segmented into domestic, commercial, industrial refrigeration; chillers; window, split, VRF, and other air-conditioning systems; and MAC. The increased consumption of refrigerants in split ACs is attributed to the growing construction industry in APAC. The construction output of the APAC countries is increasing gradually due to the growing population and the increased number of nuclear families. In addition, the increasing purchasing power of the middle-class population and rising standards of living are driving the industry.  These factors are expected to fuel the refrigerants market between 2018 and 2023. Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1082

4. The ammonia segment accounts for the largest share of the overall market. On the basis of type, the refrigerants market has been segmented into HCFCs, HFCs, HFOs, isobutane, propane, ammonia, carbon dioxide, and others. Ammonia refrigerants are gaining popularity in APAC mainly due to lower carbon dioxide emissions. Factors such as the emergence of China as the global leader in the grocery market and the emergence of India and Indonesia as the fastest-growing grocery markets are increasing the demand for ammonia refrigerants in the region.   Speak To Our Experts

5. The major players in the Refrigerant Market are, • Arkema S.A. (France) • Dongyue Group Co. Ltd. (China) • Honeywell International Inc. (US) • The Chemours Company (US) • The Linde Group (Ireland) • Air Liquide (France) (US) • SinochemLantian Co. Ltd. (China) • Daikin Industries (Japan) • Mexichem (Mexico) • Asahi Glass Corporation (Japan) Enquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1082

6. Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com