Refrigerants are specialty chemicals used in cooling systems like
Air-Conditioners, Refrigerators etc. for cooling purpose. Ammonia is one of the important refrigerants used. Since, HFC
refrigerants damage the atmosphere, Ammonia
Refrigerant Market is on the verge of rising high.
According to IndustryARC Research, the GlobalAmmonia Refrigerant Market is set to grow at a CAGR of 5.2% over the next five years!
Due to the increasing awareness
among people about the importance of environmental protection, there is a high
demand for Ammonia Refrigerant in
the past few years. The coming next years is expected to have a wider usage of the same. In the global ammonia
production, less than 2% of ammonia is used as a refrigerant!
The market has great growth
potential. The refrigerant market is expected to grow at a compound annual
growth rate of 5.2%, over the next five years and reach 1.6 million metric tons
by 2018. Asia-Pacific, with its thriving economies and rapidly expanding
manufacturing bases, is expected to experience highest consumption during the
next five years.
An in-depth geographical analysis of the Ammonia
Refrigerant Market in America, Europe, APAC and ROW. The growing demand for
cooling equipment and high growth in Asia-Pacific region is expected to remain
the driving force for refrigerants demand in long run. However the frequent
change in Montreal Protocol with respect to choice in refrigerant is restraining
the market growth. The use of traditional refrigerant such as CFC and HFCF is
causing greenhouse effects, so its use is being restricted. Hence, the demand
for natural or green refrigerants is emerging in this market.
The market can be segmented based
on factors such as End user (Automobiles, Households, Commercial, Industrial
and others), End product (Air conditioners, refrigerators, chillers, district
cooling systems and others).
Carnot Refrigeration which offers
environmental friendly ammonia refrigerant systems is partnered with
Environmental Protection Agency’s (EPA’s) to as a part of environmental
protection act. Some important companies are:
- Dehon Group,
- National Refrigerants,
- Amixo AB,
- Intergrated Packaged Systems and
- Brooktherm.
Avail a Sample Market Brochure on “Ammonia Refrigerant Market”
CONTACT:
Sanjay Matthews
Sales Manager
#: +1-614-588-8538 (101)
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