The secondary refrigerants market is estimated to be USD 499.7 million in 2017 and is projected to reach USD 710.7 million by 2022, at a CAGR of 7.3% between 2017 and 2022. The secondary refrigerants market is largely driven by the rising demand for reduction in primary refrigerant charge.
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The use of secondary refrigerants helps to reduce the quantities of primary refrigerants in the primary refrigerant loop system.
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Key Target Audience
- Secondary Refrigerants Manufacturers, Dealers, and Suppliers
- Government Bodies
- Raw Material Suppliers
- Industry Associations
- Consulting Companies/Consultants in Chemical and Material Sectors
Low environmental impact of secondary refrigerants and phasing out of HCFCs, CFCs, and HFCs refrigerants are other factors that are expected to drive the secondary refrigerants market. However, the use of secondary refrigerants in an indirect refrigeration system is relatively expensive as compared to that of the direct refrigeration system, which is a major restraint for the growth of the market.
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In secondary refrigerants market report sizes were derived using both, bottom-up and top-down approaches. First, market size for types (glycols, salt brines, carbon dioxide), applications (commercial refrigeration, industrial refrigeration, heat pumps, air conditioning, and others), and regions (APAC, North America, South America, Europe, & Middle East & Africa) were identified through secondary and primary research.
Overall secondary refrigerants market size for various regions & countries was then calculated by adding these individual market sizes.
The break-up of the profiles of primary participants for the report has been given below.
- By Company Type: Tier 1 (46%), Tier 2 (31%), and Tier 3 (23%)
- By Designation: C-Level(46%), Director Level (27%), and Others (27%)
- By Region: North America (33%), Europe (27%),APAC (27%),Middle East & Africa (6%),and South America (7%)
Key players profiled in Secondary Refrigerants Market report include The Linde Group (Germany), A-Gas International (UK), TAZZETTI S.P.A (Italy), The Dow Chemical Company (US), Eastman Chemical Company (US), Clariant AG (Switzerland), Arteco Coolants (Belgium), Temper Technology AB (Sweden), SRS Frigadon (UK), Hydratech (UK), Dynalene (US), Environmental Process Systems (UK), Gas Servei SA (Spain), Climalife Groupe Dehon (France), and Nisso Shoji Co. Ltd. (Japan).
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Secondary refrigerants on the basis of type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, agreements, partnerships, and recent developments associated with the market for secondary refrigerants.
2 Major Market Players
4 Competitive Scenario
6 New Product Launch
8 Partnership & Agreement
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