Refrigerant Market worth $15.7 Billion By 2018
DALLAS, May 16, 2013 /PRNewswire/ --
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.
- 111 Market Data Tables
- 16 Figures
- 220 Pages and an in-depth Table of Content on "Refrigerant Market".
Early buyers will receive 10% customization on this report.
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 HFC;s 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.
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.
Buy a copy of this Report @http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1082
Browse related reports to ChemicalsMarket @http://www.marketsandmarkets.com/chemicals-market-research-10.html
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
More by this SourceView all news by MarketsandMarkets
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.