Refrigerant Market Forecasts to 2018

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MarketsandMarkets Presents
Refrigerant Market worth 15.7 Billion By 2018

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frigerant-market-1082.html
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The report " Refrigerant Market Hydro
Chlorofluorocarbons (HCFC), Hydro fluorocarbon
(HFC), Hydrocarbon (HC), Inorganic (Ammonia,
Carbon dioxide) - Trends Forecasts to 2018 ",
defines and segments the global refrigerant
market with analysis and forecasting of the
global volume and revenue. Refrigerant
consumption will grow from an estimated 10.5
billion (equivalent to 1,207 thousand MT) in 2012
to 15.7 billion by 2018, with a CAGR of 6.9
from 2013 to 2018. Browse gtgt
111 market data tables 16
figures 220 pages and
in-depth TOC on Refrigerant Market
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The rapid economic growth in most of the emerging
countries (China and India) in the recent years
resulted in rampant growth of commercial,
industrial and automotive sector, which in turn
created significant demand for refrigerants.
Among all the geographies, Asia-Pacific
accounted for largest portion of refrigerant
demand in 2012, totaling just around half of the
world market. The increase in regions demand is
mainly due to rising demand for cooling products
primarily driven by increasing middle class
population in developing countries such as China
and India. The demand for HCFC was high during
2003 to 2009 but the Montreal Protocol which
demands phase out HCFC has significantly reduced
its growth prospects. This in turn, is driving
the HFC market as a substitute to HCFC. However
use of HFCs is beginning to come under strict
regulations, especially in Western Europe. So now
there is shift of consumer preferences towards
natural refrigerants. The most commonly used
natural refrigerants are ammonia, carbon dioxide,
propane and iso-butane. Since fluorocarbons have
high GWP, the demand for natural is increasing
tremendously.
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frigerant-market-1082.html
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The report forecasts volume and revenue of the
global refrigerant market and its various
sub-markets with respect to main regions such as
Americas, Europe, Asia-Pacific, and Rest of the
World. Major countries such as U.S., China,
India, Japan, Germany, and UK etc. were
analyzed. The report segments the global
refrigerant market by type, application, and
geography. It also focuses on market share
analysis, and market metrics such as drivers,
restraints, opportunities, burning issues and
winning imperatives. Top players in the global
refrigerant market have been identified and
profiled.
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