The global demand for Inorganic Refrigerant Market is presumed to reach the market size of nearly USD 2.67 MN by 2028 from USD 1.49 MN in 2021 with a CAGR of 8.7% under the study period 2022 - 2028. Regarding volume, the market was calculated XX K MT in 2021 and forecast to touch XX K MT by 2028 with a CAGR of XX% during 2022-2028.
Inorganic refrigerants are clean inorganic compounds (which do not contain carbon-hydrogen bonds) used primarily as refrigerants such as R718, 717(ammonia), and 744(carbon dioxide). These substances are not hazardous to the ozone layer & global warming potential. These refrigerants are non-toxic and environmentally friendly, inexpensive & non-flammable. Inorganic refrigerants are used due to their inherent physical & thermodynamic properties. Ammonia R717 and Carbon dioxide R744 are employed in commercial reciprocating compression systems and industrial applications.
Market Dynamics
The global inorganic refrigerant market is experiencing robust growth because of the growing demand for cooling products mainly refrigerators and air conditioners. R717(Ammonia) has been contributing a significant share towards the inorganic refrigerants market because of its increasing demand for major applications such as chillers & hydronic heat pumps, industrial refrigerants, commercial & transportation refrigerants, and others. R744 (Carbon dioxide) is also extensively used as an inorganic refrigerant. It is designated as an A1 refrigerant and is less toxic to the environment. Because of its widespread use in many applications such as air conditioning systems, home, commercial & food refrigeration, etc. Carbon dioxide will augment a sizable part of the refrigerants market. Increasing government concern about the environment and global warming issues are the major factors driving the growth of the inorganic refrigerant market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of inorganic refrigerant. The growth and trends of inorganic refrigerant industry provide a holistic approach to this study.
Market Segmentation
This section of the inorganic refrigerant market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By TypeBy ApplicationRegional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Inorganic Refrigerant market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Inorganic Refrigerant Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the inorganic refrigerant market include Air Liquide (Airgas Refrigerants Inc.), Linde Group, Dongyue Group, Chemours Company, Sinochem Corporation, Harp International, Gas Servei S.A, Refrigerant Solutions, Mexichem S.A.B. De C.V, Asahi Glass. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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