In accordance with this study, the Global Low GWP Refrigerants Market value registered in 2019 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2026 with a CAGR of XX% during the period of 2020-2026.
Refrigerants are fluids responsible for cooling mechanism in refrigeration system that are used across appliances like refrigerators and air conditioners. HFCs and other fluorocarbon gases are being used as refrigerants. Low GWP refrigerants such as hydrofluorocarbons (HFCs) are organic compounds that has very less impact on environment and are used to replace older CFCs which depletes the ozone layer. Such refrigerants are widely used in a variety of applications such as air-conditioning and fire-extinguishing systems.
The rising use of low GWP refrigerants in various appliances, as it has very less impact on the environment, is stimulating the market demand. Also, increasing demand for refrigerators and air-conditioners, is boosting the market growth of low GWP refrigerants. However, the high initial capital cost required for producing low GWP refrigerant may hinder market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of low GWP refrigerants.
The study offers a decisive view of the global low GWP refrigerants market by segmenting it in terms of type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Carbon Di-Oxide
- Commercial Refrigeration
- Industrial Refrigeration
- Domestic Refrigeration
- Stationary Air-Conditioning
- Mobile Air-Conditioning
This section covers low GWP refrigerants market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global low GWP refrigerants market along with the individual application segment across all the prominent region.
Global Low GWP Refrigerants Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global low GWP refrigerants market are A.S. Trust & Holdings, A-Gas, Airgas Inc., Arkema, Brothers Gas, Chemours, Daikin, Deepfreeze Refrigerants, Ecofreeze International, Engas Australasia, and others. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.