Refrigerants Market Worth $21 Billion by 2020

CHICAGO, August 18, 2015 /PRNewswire/ --

The report "Refrigerants Market by Type (Fluorocarbon, Inorganics, and Hydrocarbons), and by Application (Domestic, Commercial, Transportation, Industrial, Stationary Air Conditioning, Chillers, and Mobile Air Conditioning) - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The Refrigerants Market is projected to reach $21 Billion by 2020 at a CAGR of 6.0% from 2015 to 2020.

Browse 85 Tables and 79 Figures spread through 163 Pages and in-depth TOC on "Refrigerants Market".

http://www.marketsandmarkets.com/Market-Reports/refrigerant-market-1082.html
Early buyers will receive 10% customization on this report.

The market report defines and segments the Refrigerants Market with an analysis and forecast for types, and applications by value

Download Free Sample Pages: http://www.marketsandmarkets.com/pdfdownload.asp?id=1082

"Stationary AC to be the largest application for the refrigerants market" 

Refrigerants have various applications such as domestic refrigeration, commercial refrigeration, transportation refrigeration, industrial refrigeration, stationary AC, chillers; mobile AC. Stationary AC application dominated the refrigerants market, accounting for maximum share in terms of volume in 2014. Growing demand in end-user industries such as construction, food, and pharmaceutical is driving the refrigerants market in stationary AC application.

"Domestic refrigeration to have the highest growth" 

The demand for refrigerants in domestic refrigeration application is expected to witness the highest CAGR of 7.1% from 2015 to 2020, in terms of volume. Increasing annual income and rising standard of living are the major factors contributing towards the growth of refrigerants in domestic refrigeration.

 "Fluorocarbon captures the largest share of refrigerants, but inorganics are expected to witness a huge growth" 

Fluorocarbons are the major type of refrigerants. They capture a major market share of the total refrigerants market in 2014. But due to various regulations related to F-gas such as Montreal protocol, Kyoto protocol, countries have started to phase out HCFCs, and HFCs. The major manufacturers have now started the production of low GWP and ODP refrigerants such as inorganic and hydrocarbons. Inorganic refrigerants are expected to witness a significant growth, by growing with a CAGR of 10.0% from 2015 to 2020. Manufacturers are focusing on the development of natural refrigerants which are based on hydrocarbons (propane, isobutane), CO2, ammonia, water, and air. Natural refrigerants such as ammonia, CO2, hydrocarbons, water and air have very low GWP and zero ODP.

Browse Related Reports: 

Fluoroelastomer Market by Type (Fluorocarbon Elastomers, Fluorosilicone Elastomers, and Perfluoroelastomers), by Application (O-Rings, Seals & Hoses, Gaskets and Compound Moulding Parts), and by End-User Industries (Automotive, Aerospace, Energy and Power, Chemicals Etc.) - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/fluoroelastomer-market-77176667.html

Fluoropolymer Market by Types (PTFE, PVDF, FEP, and Fluoroelastomers), by Applications (Automotive & Transportation, Electrical & Electronics, Chemical Processing, and Industrial Equipment) - Global Trends and Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/fluor-polymer-market-497.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
1 South Dearborn Street,
21st Floor , Chicago,
Illinois, 60603, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets