Global Refrigerants Market Size By Type, By Application, By Geographic Scope And Forecast

Report Highlights

Refrigerants Market Size And Forecast

Refrigerants Market was valued at USD 16.34 Billion in 2019 and is projected to reach USD 22.50 Billion by 2027, growing at a CAGR of 4.40% from 2020 to 2027.

The Refrigerants Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Refrigerants Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Refrigerants Market Overview

The demand for cooling equipment is high in developing countries, owing to rapid industrialization and the rise in the inclination of industrialists towards efficient cooling systems. Moreover, an increase in per capita disposable incomes in developing countries, such as China, India, and Indonesia has led to an upsurge in the use of air conditioning systems; thereby, leading to an unprecedented increase in energy demand across the globe. Furthermore, a surge in the demand for better maintenance of industrial equipment that requires cold surroundings across various manufacturing units coupled with a rise in the demand for absorption chillers in oil & gas refineries are some key aspects augmenting the growth of the global refrigerants market.

This report provides an all-inclusive environment of the analysis for the Refrigerants Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Refrigerants Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Refrigerants Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Refrigerants Market.