A Refrigerant is a substance or mixture, usually a fluid,
used in heat pump and refrigeration cycle. In most cycles, it undergoes phase
transitions from liquid to gas and then back again. Many working fluids have
been used for such purposes. Fluorocarbons, especially chlorofluorocarbons,
became commonplace in the 20th century, but they are being phased out because
of their ozone depletion effects. Other common refrigerants used in
various applications are ammonia, sulphur dioxide and non-halogenated hydrocarbons
such as propane.
More Info on HFC
Refrigerants Market:
Refrigerants are generally in fluid form and are used in a
heat pump or refrigeration process. They primarily are of three types:
Chlorofluorocarbons (CFC), Hydro-chloro-fluorocarbons (HCFC), and
Hydro-fluorocarbons (HFC). All these types are believed to be detrimental to
environment. HFCs are third generation of CFCs which do not deplete ozone
layer, but are potentially greenhouse gases and are largely used in commercial
refrigeration applications.
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Report on HFC Refrigerants Market:
Increasing demand for cooling products in emerging economies
is a key driver for market growth. The growing adoption of HFCs in this region
will also drive the innovations in the industry. However, rising environmental
concerns, and increasing price of raw materials is expected to restrain growth
in both developed and developing economies.
Market Growth:
Commercial sector accounts for major share in the market in
2014 due to the extensive use of refrigeration in vending machines,
supermarkets, and similar others. The Mobile AC application also witnessed high
demand and accounted for 30% in the market for 2014. However, in future, the
natural refrigerants would likely replace the HFCs in both these applications
owing to the escalating demand for eco-friendly products. The Domestic
application share is projected to increase in emerging economies as the demand
for cooling products and spending power of the inhabitants grow.
Report Offerings:
We have used various secondary sources such as Companys
Annual Reports, Organisational Websites and Databases to identify and collect
information useful for this extensive commercial study of refrigerants. The
primary sources - selected experts from related industries and selected
suppliers have been interviewed to obtain and verify critical information as well
as to assess the future prospects of refrigerants.
To talk of segmentations, there is a compact classification
in the HFC Refrigerant Market based on:
- Sector: Domestic, Commercial, Transport and Others.
- Geography: North America, APAC, Europe and RoW.
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Prominent Key Players:
We have also profiled leading players of this industry with
their recent developments and other strategic industry activities. To
mention a few included in the report:
- Mexichem S.A.B DE C.V.
- Puyang Zhongwei Fine Chemical Co. Ltd
- Quimobasicos S.A DE C.V
- Shandong Yuean Chemical Industry Co.
- Sinochem Group
- Solvay S.A.
- SRF Ltd
- Zhejiang Juhua Co. Ltd
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