Global Natural Refrigerant Market Report By Product (Ammonia, Carbon Dioxide, Hydrocarbon And Others), By Application (Industrial, Commercial, Domestic, Stationary Air Conditioning And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025
ID:VMR11210251
December 2018
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The market is gaining immense growth on account of stringent regulation imposed by EPA and other regulatory authorities on carbon emission leading to ozone depletion. Natural refrigerant provides minimum leakage, high-energy efficiency at a cheaper cost is driving the market growth. Owing to eco-friendly substitute over environmentally hazardous refrigerants such as HCFC and HFC is further fueling the market growth. Also, the rise in disposable income, ongoing urbanization and soaring demand for HVAC and consumer electronics are some of the prominent factors contributing the market growth.

The latest report by Value Market Research expects the Global Natural Refrigerant Market to reach USD 2300 million by 2025. It was valued USD 1110.0 million in 2018. The report foresees an 11% CAGR from 2019 to 2025.
 
Ammonia led the product segment
In 2018, ammonia dominated the segment by accounting the major market share. Rising demand of ammonia owing to energy efficient, eco-friendly, cost-effective, refrigerant that offers better heat transfer is driving the segment growth. Apart from these, ammonia posse’s excellent thermodynamic properties and low global warming potential have again upsurge the segment demand.
                                       
Commercial sector dominated the application segment
By application, commercial sector emerged as the leading segment in 2018. Rising usage of the natural refrigerant at supermarkets, hypermarkets, and other retail stores are driving the market growth.
 
Europe dominated the regional market
On the basis of region, Europe has concurred major market share in 2018. New mandates imposed on EU government on the usage of natural refrigerant as a substitute for HCFC and HFC to reduce carbon footprints are fueling the regional market growth.
 
Major players of the market
A-Gas International, A.S. Trust and Holdings, Airgas Inc., Engas Australasia, GTS S.P.A, Harp International Ltd., Hychill Australia Pvt. Ltd., Puyang Zhongwei Fine Chemical Co. Ltd., Shandong Yueon Chemical Industry Ltd., Sinochem Group, Tazzetti S.P.A., and The Linde Group are the players ruling the natural refrigerant market.

As per this study the Global Natural Refrigerant Market was valued USD 1,110.0 MN (by revenue) in 2018 and is anticipated to reach USD 2,300 MN by 2025 with a CAGR of 11%.
 
Natural refrigerant refers to naturally occurring substance used as refrigerant in refrigerator and HVAC system. These refrigerants show much lower impact on ozone depletion and global warming. Natural refrigerants are eco-friendly alternatives to hazardous synthetic refrigerant such as hydrofluorocarbon (HFC), hydrochlorofluorocarbon (HCFC) and chloroflurocarbon (CFC).
 
Market Dynamics
 
Increased focus regarding harmful effect of refrigerants has driven the demand for natural refrigerants. Natural refrigerant offers low leakage rate, high-energy efficiency at relative low cost is boosting the market growth. Favorable initiatives taken by various governments for reducing ozone depletion is again fueling the natural refrigerant market growth. Also, growing demand for air conditioners, refrigerator and other HVAC system is again contributing the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of natural refrigerant.
 
Market Segmentation
 
The broad natural refrigerant market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product

  • Ammonia
  • Carbon Dioxide
  • Hydrocarbon
  • Others
 
By Application
  • Industrial
  • Commercial
  • Domestic
  • Stationary Air Conditioning 
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for natural refrigerant in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Natural Refrigerant Market By Revenue (USD MN)
 
Europe Natural Refrigerant Market By Revenue
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the natural refrigerant market include A-Gas International, A.S. Trust and Holdings, Airgas Inc., Engas Australasia, GTS S.P.A, Harp International Ltd., Hychill Australia Pvt. Ltd., Puyang Zhongwei Fine Chemical Co. Ltd., Shandong Yueon Chemical Industry Ltd., Sinochem Group, Tazzetti S.P.A. and The Linde Group. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

1. INTRODUCTION

  • Introduction To Natural Refrigerant
  • Report Description
    • Objectives Of The Study
    • Assumptions
  • Research Scope
  • Research Methodology
    • Data Source
 
2. EXECUTIVE SUMMARY
  • Market Highlight
  • Global Natural Refrigerant Market: Snapshot
 
3. MARKET ANALYSIS
  • Drivers
  • Restraints
  • Opportunities
  • Porter’s Five Forces Analysis
  • Value Chain Analysis
 
4. NATURAL REFRIGERANT MARKET ANALYSIS BY PRODUCT
  • Market In Ammonia
  • Market In Carbon Dioxide
  • Market In Hydrocarbon
  • Market In Others
 
5. NATURAL REFRIGERANT MARKET ANALYSIS BY APPLICATION
  • Market In Industrial
  • Market In Commercial
  • Market In Market In Domestic
  • Market In Stationary Air Conditioning 
  • Market In Others
 
6. NATURAL REFRIGERANT MARKET ANALYSIS BY GEOGRAPHY
  • North America (NA)
    • North America Market Estimates
    • North America Market Estimates By Country
    • United States (U.S.) Market Estimates By Segments
    • Rest Of North America Market Estimates By Segments
  • Europe (EU)
    • Europe Market Estimates
    • Europe Market Estimates By Country
    • United Kingdom (UK) Market Estimates By Segments
    • Germany Market Estimates By Segments
    • France Market Estimates By Segments
    • Rest Of Europe Market Estimates By Segments
  • Asia Pacific (APAC)
    • Asia Pacific Market Estimates
    • Asia Pacific Market Estimates By Country  
    • China Market Estimates By Segments
    • Japan Market Estimates By Segments
    • India Market Estimates By Segments
    • Rest Of Asia Pacific Market Estimates By Segments  
  • Latin America (LA)   
    • Latin America Market Estimates
    • Latin America Market Estimates By Country
    • Brazil Market Estimates By Segments
    • Rest Of Latin America Market Estimates By Segments
  • Middle East And Africa (MEA)   
    • Middle East And Africa Market Estimates
    • Middle East And Africa Market Estimates By Country
    • Middle East Market Estimates By Segments
    • Africa Market Estimates By Segments
 
7. COMPETITIVE LANDSCAPE OF THE NATURAL REFRIGERANT COMPANIES
  • Market Competition
  • Partnerships/Collaborations/Agreements
  • Mergers And Acquisitions
  • New Product Launches
  • Other Developments
 
8. COMPANY PROFILES OF THE NATURAL REFRIGERANT INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
  • A-Gas International 
  • A.S. Trust and Holdings 
  • Airgas Inc. 
  • Engas Australasia 
  • GTS S.P.A 
  • Harp International Ltd. 
  • Hychill Australia Pvt. Ltd. 
  • Puyang Zhongwei Fine Chemical Co. Ltd. 
  • Shandong Yueon Chemical Industry Ltd. 
  • Sinochem Group 
  • Tazzetti S.P.A. 
  • The Linde Group 
 
* Tentative TOC
 
LIST OF TABLES
 
Table 1.  Market Highlights Of Natural Refrigerant
Table 2.  Global Natural Refrigerant Market By Product
Table 3.  Global Natural Refrigerant Market By Application
Table 4.  Global Natural Refrigerant Market By Geography
Table 5.  North America Natural Refrigerant Market
Table 6.  Europe Natural Refrigerant Market
Table 7.  Asia Pacific Natural Refrigerant Market
Table 8.  Latin America Natural Refrigerant Market
Table 9.  Middle East And Africa Natural Refrigerant Market 
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
  
LIST OF FIGURES
 
Fig. 1.     Market Segmentation Of Natural Refrigerant Market 
Fig. 2.     Top-Down Approach   
Fig. 3.     Bottom-Up Approach   
Fig. 4.     Market Highlights Of Natural Refrigerant
Fig. 5.     Porter’s Five Forces Analysis
Fig. 6.     Value Chain Analysis
Fig. 7.     Global Natural Refrigerant Market By Product
Fig. 8.     Global Natural Refrigerant Market By Application
Fig. 9.     Global Natural Refrigerant Market By Geography
Fig. 10.   North America Natural Refrigerant Market
Fig. 11.   Europe Natural Refrigerant Market
Fig. 12.   Asia Pacific Natural Refrigerant Market
Fig. 13.   Latin America Natural Refrigerant Market
Fig. 14.   Middle East And Africa Natural Refrigerant Market
Fig. 15.   Market Share Of Natural Refrigerant Companies
Fig. 16.   Recent Developments In Natural Refrigerant Industry
 
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC. 

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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