DUBLIN--(BUSINESS WIRE)--The "Secondary Refrigerants Market by Type (Glycols, Salt Brines, Carbon Dioxide), Application (Commercial Refrigeration, Industrial Refrigeration, Heat Pumps, Air Conditioning), and Region (North America, Europe, APAC, MEA) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
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. The use of secondary refrigerants helps to reduce the quantities of primary refrigerants in the primary refrigerant loop system. A charge reduction between 5% and 15% as compared to the direct refrigeration system can be achieved. 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.
The carbon dioxide type segment is expected to witness the highest growth, in terms of value, from 2017 to 2022. Carbon dioxide refrigerants are the environment-friendly type of refrigerants having zero ODP and minimal GWP. Carbon dioxide refrigerants have excellent thermodynamic properties, high-energy efficiency, and are non-toxic and non-flammable. These properties make them suitable for use in a wide range of applications and are one of the key factors that is expected to drive the growth of the carbon dioxide type segment in the coming years.
The commercial refrigeration segment is estimated to be the fastest-growing application segment between 2017 and 2022, in terms of both, value and volume. The growth of this segment can be attributed to the rising demand for reduction in primary refrigerant charge and leakage. Government regulations promoting the use of low GWP and ODP refrigerants are expected to support the secondary refrigerants market in commercial refrigeration.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Secondary Refrigerants Market, By Type
7 Secondary Refrigerants Market, By Application
8 Secondary Refrigerants Market, By Region
9 Competitive Landscape
10 Company Profiles
- A-Gas International
- Arteco Coolants
- Clariant AG
- Climalife Groupe Dehon
- Dynalene Inc.
- Eastman Chemical Company
- Environmental Process Systems Limited
- Gas Servei SA
- Nisso Shoji Co. Ltd.
- SRS Frigadon
- Tazzetti S.P.A
- Temper Technology AB
- The DOW Chemical Company
- The Linde Group
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