Asia- Pacific Refrigerant Market to Expand at a CAGR of 6.2% in the Forecast Period 2018 to 2025

Asia-Pacific Refrigerant Market is expected to reach 880.63 thousand metric tons by 2025 from 548.70 thousand metric tons  in 2017, at a CAGR of 6.2% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The major factors driving the growth of this market are China focusing on natural refrigerants as advised by MEP/FECO China, technological changes such as low GWP refrigerants, rise in the cold chain market and increase in the disposable income leading to rise in purchasing power of consumer appliances. On the other hand, government regulation on cutting down HFC emission, banned gases owing to regulation such as SNAP and increasing threats of ozone depletion and global warming may hinder the growth of the market.

Key Drivers: Asia-Pacific Refrigerant Market

Some of the major factors driving the market for Asia-Pacific refrigerant market are China focusing on natural refrigerants as advised by MEP/FECO China, technological changes such as low GWP refrigerants rise in the cold chain market and increase in the disposable income leading to rise in purchasing power of consumer appliances. These factors increase the demand for Asia-Pacific refrigerant market.
  • Government regulation on cutting down HFC emission, banned gases owing to regulation such as SNAP and increasing threats of ozone depletion and global warming are the factors which may hinder the growth of this market.
  • Many companies are increasingly focusing on changes in regulation such as the Montreal protocol and increase in complexity owing to old refrigerants phasing out in order to strengthen their product portfolios in the non-destructive testing equipment market.
  • Changes in the market owing to protocols such as EU-F-gas and Montreal protocol, phasing out of HFC & HCFC paving way for new technologies will drive the market in future.

Market Segmentation: Asia-Pacific Refrigerant Market

  • The Asia-Pacific refrigerant market is segmented on the basis of basis of industry, application and geography. The Asia-Pacific refrigerant market is segmented into 4 types- domestic household refrigeration, industrial refrigeration, commercial racks & condensing units and light commercial. In 2018, the domestic household refrigeration segment is expected to dominate the market with a share of 40.9% and is expected to continue this trend till 2025.
  • On the basis of industry, the Asia-Pacific refrigerant market is segmented into domestic household refrigeration, light commercial refrigeration, commercial racks and condensing units and industrial refrigeration. Domestic household refrigeration is further segmented into two types which include hydrocarbons and fluorocarbons. The hydrocarbons are further sub segmented into propane, isobutene and others. The fluorocarbons are further sub segmented into HCFC’s, HFC’s and hydrofluro olefins. Light commercial refrigeration is further segmented into four types which include carbon dioxide, hydrocarbons, fluorocarbons and low GWP alternatives. The hydrocarbons are further sub segmented into propane, isobutene and others. The fluorocarbons are further sub segmented into HCFC’s, HFC’s and hydrofluro olefins. Commercial racks and condensing units is further segmented into five types which include carbon dioxide, hydrocarbons, fluorocarbons, low GWP alternatives and ammonia. The hydrocarbons are further sub segmented into propane, isobutene and others. The fluorocarbons are further sub segmented into HCFC’s, HFC’s and hydrofluro olefins. Industrial refrigeration is further segmented into five types which include carbon dioxide, hydrocarbons, fluorocarbons, low GWP alternatives and ammonia. The hydrocarbons are further sub segmented into propane, isobutene and others. The fluorocarbons are further sub segmented into HCFC’s, HFC’s and hydrofluro olefins.
  • On the basis of application, the Asia-Pacific refrigerant market is segmented refrigerators, large-scale refrigerators, chillers, air conditioners, heat pumps and others. Refrigerators are further segmented into three types which include domestic, commercial and transport. Large-scale refrigerators are further segmented into two types which supermarkets and industrial. Chillers are further segmented into two types which displacement and centrifugal.

Key Points: Asia-Pacific Refrigerant Market

Asahi Glass Co., Ltd is going to dominate the refrigerant market following with Daikin industries limited and The Chemours Company along with others such as Arkema SA, Dongyue Group Ltd, Honeywell International Inc., The Linde Group, Mexichem S.A.B. de C.V., Sinochem Group, Air Liquide, A-Gas, Shandong Yue'an Chemical Co., Ltd, Gas Servei, Zhejiang Fotech International Co. Ltd., Srf Limited, Quimobasicos SA de CV, Changshu 3F Fluorochemical Industry Co., Ltd., OZ-Chill Refrigerants, Tazzetti S.P.A., among others.
  • Hydrocarbon in light commercial market is growing with the highest CAGR 7.9%
  • FC in Commercial Racks & Condensing Units market is driving the market with highest market share 70.8%
  • Domestic household refrigerant is dominating the refrigerant market with 40.9%.
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
corporatesales@databridgemarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Global Aseptic Packaging Market To Witness Steady Growth During The Forecast Period 2018-2025

Market Analysis: Global Aseptic packaging Market The Global Aseptic Packaging Market accounted to USD 31.6 billion in 2017 growing at a CAGR of 9.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Market Definition: Global Aseptic packaging Market Aseptic packaging is the method of filling a commercially sterile product in an aseptic container under sterile conditions and the packaging is sealed so that reinfection is prevented. Major Market Drivers and Restraints: Rise in Urban Population Increase of the Dairy Beverage Market Higher Investment of Initial Capital Expansion of New Products Electronic Logistics Processing High Research & Development Investment Download  PDF Sample Copy of Report @  https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-aseptic-packaging-market   Marke...
Read more

Global Public Transport Market Size, Share, Trend & Growth Forecast 2027

  With a capable and wide-ranging market research study, Public Transport Market report provides the facts associated with any subject in the field of marketing. This report unearths the common market conditions, trends, preferences, key players, opportunities, geographical analysis and many other parameters that support to drive the business into right direction. With the precise and high-tech information given in the Public Transport report, businesses can know about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already active in the market. Public Transport market research report consists of fundamental, secondary and advanced information allied to the global status and trend, market size, sales volume, market share, growth, future trends analysis, segment and forecast. This report conducts study of market drivers...
Read more

Global Food Grade Lubricants Market Is Likely To Register Double Digit Cagr During 2020 To 2027

Market Analysis and Insights: Global Food Grade Lubricants Market Food grade lubricants are  industrial lubricants  which are mainly used so they can maintain the food processing machinery. They are widely used in applications such as food, pharmaceutical & cosmetics, beverages, and others. There is growth in the processed food market worldwide which is expected to drive the market growth. Some of the other factors such as strict food safety norms & regulations, increasing awareness about the advantages of food grade lubricants , availability of raw material at low cost and changing consumer preference towards healthy diet will further enhance the food grade lubricants market in the forecast period of 2020 to 2027. Dearth of awareness about food grade lubricants in rural areas, and lack of proper training is expected to hamper the market growth in the mentioned forecast period. Download  PDF Sample Copy of Report @  https://www.databridgemarketresea...
Read more