Natural refrigerants are naturally occurring and non-synthetic substances that can be used as cooling agents in both air-conditioners and refrigerators. These substances include hydrocarbons such as butane, propane and cyclopentane, ammonia, CO2, water, and air. These natural refrigerants have negligible or zero ozone depletion potential (ODP) thereby, lowering the impact on global warming. A few natural refrigerants include carbon dioxide (R-744), ammonia (R-717), and hydrocarbon refrigerants such as propane (R-290), isobutane (R-600a), and others.
Regionally, the Global Next Generation Refrigerants Market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among regions, Europe dominated the Global Next Generation Refrigerants Market in 2018 with 36.8% share on account of increasing government initiatives which include F-Gas regulation against HCFCs and HFCs, which resulted in rise in the demand for natural refrigerants and HFO in the region. Furthermore, commercial supermarkets have largely taken over the usage of carbon dioxide as a refrigerant in refrigeration and air conditioning systems, which is further anticipated to increase the demand for natural refrigerants in the region.
Some of the key players operating in the Global Next Generation Refrigerants Market include, AGC Inc., Arkema SA, ASPEN Refrigerants, Inc., Daikin Industries, Ltd., Harp International Ltd., Honeywell International Inc., SRF Limited, Tazzetti S.p.A, The Chemours Company, The Linde Group, among others.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of leading manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the manufacturers which could not be identified due to the limitations of secondary research. They analyzed the product offerings, distribution channels and presence of all major players operating in the Global Next Generation Refrigerants Market.
The author calculated the Global Next Generation Refrigerants Market size by using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. they sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Next generation refrigerants manufacturers and suppliers
- Government and other regulatory bodies
- Organizations, forums and alliances related to next generation refrigerants
- Market research and consulting firms
Report Scope:
In this report, global next generation refrigerants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Type:
- Natural Refrigerants (CO2(R-744), NH3 (R-717)
- Hydrofluoroolefins (HFOs)
- Others
- Refrigeration
- Air Conditioning
- Heat Pump
- Others
- Residential
- Commercial
- Industrial
- Transportation
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- Russia
- United Kingdom
- France
- Italy
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Qatar