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.
Nature of the market:
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.
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Drive causes of the
market:
- · Regulations on chlorine and fluorine based refrigerants usage is the major driving force
- · Increase in usage of low temperature equipment like air conditioners, refrigerators, freezers etc.
- · They are produced at a high rate because of the zero ODP and zero GWP properties.
- · F-gas regulations suggest the use of natural refrigerants like ammonia, carbon dioxide, etc. for environment protection
For More Knowledge on
Ammonia Refrigerants, Follow the Below Link:
The report contains:
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).
Notable companies of
this market:
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.
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