Title: Secondary Refrigerants Market Size, Trends & Analysis – Forecasts To 2025
1GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Secondary
Refrigerants Market. Market Insights The
secondary refrigerants market is estimated to
grow at a CAGR of approximately 7 between 2018
and 2025. The market is expected to be driven by
the low environmental impact of secondary
refrigerants, decreasing the popularity of HCFCs,
CFCs, and HFCs refrigerants, and the rising
demand for reduction in the primary
refrigerant. The use of secondary refrigerants in
indirect refrigeration systems is relatively
expensive as compared to direct refrigeration
systems. High investment costs can potentially
have a negative impact on the market. Secondary
Refrigerants Market Type Insights On the basis
of type, the secondary refrigerants market has
been segmented as glycols, salt brines, carbon
dioxide, and others. The glycols segment is
estimated to dominate the secondary refrigerants
market in terms of value. This is due to the
ability of glycols to provide freeze protection
for closed loop refrigeration systems,
water-based heating, ventilation, and air
conditioning (HVAC), and cooling systems. They
facilitate lowering the freezing point of water.
2GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Secondary Refrigerants Market
Application Insights The secondary refrigerants
market on the basis of the application has been
segmented into commercial refrigeration,
industrial refrigeration, heat pumps, air
conditioning, and others. The industrial
refrigeration segment is estimated to dominate
the secondary refrigerants market. Adoption of
more environment-friendly refrigerants and the
need for reducing carbon emissions in developed
and developing regions are the factors driving
growth in this segment. Secondary Refrigerants
Market Regional Insights In terms of both, value
and volume, Europe is estimated to be the largest
secondary refrigerants market and is expected to
record the highest growth The secondary
refrigerant market in Europe is likely to grow
owing to environmental legislation and government
support initiatives. The market in Europe is
driven by rising demand for secondary
refrigerants from food processing, chemical, and
pharmaceutical, dairy and ice-cream processing
industries, among others. Europe is estimated to
be followed by North America as, with the second
largest market in terms of value and volume.
Secondary Refrigerants Market End-Use
Landscape The end-use landscape entails a list
of current and prospective consumers prevailing
across the regions. This section provides
company addresses, contact details, products, and
regional presence of companies who are
purchasing or are likely to purchase Secondary
Refrigerants over the coming years. Some leading
consumers of this market are Nestle, Walmart, and
Coca-cola among others.
3- GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
- Secondary Refrigerants Market Vendor Landscape
- The report contains a chapter dedicated to
vendors operating in the market, covering raw
material manufactures, equipment developers,
manufacturers, and distributors. The report
provides these insights on a regional level.
This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of companies. - Secondary Refrigerants Market Share Competitor
Analysis - Major players in the secondary refrigerants
market include The Linde Group, A-Gas
International, TAZZETTI S.P.A , The Dow Chemical
Company, Eastman Chemical Company, Clariant AG,
Arteco Coolants , Temper Technology AB , SRS
Frigadon , Hydratech , Dynalene, Environmental
Process Systems, and Gas Servei SA. - Companies are using agreements, new product
launches and expansions as strategies to boost
their market share. - The report segments the Secondary Refrigerants
Market on the basis of - By Type
- Glycols
- Salt Brines
- Carbon Dioxide
4GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
- By Region
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa
- This article contains text from the Secondary
Refrigerants Market Size, Trends Analysis
Forecasts To 2025 report prepared by Global
Market Estimates. For more information or to buy
the report, please visit https//www.globalmarke
testimates.com/secondary-refrigerants-market/ - Check our annual research partnership service
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