Secondary Refrigerants Market - Global Industry Analysis

Secondary Refrigerants Market - By Application (Industrial Refrigeration, Commercial Refrigeration, Air Conditioning, And Heat Pumps), By Type (Salt Brines, Glycols, And Carbon Dioxide), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 24-Sep-2020 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-2918 Status : Published

Global Secondary Refrigerants market, which was estimated at 520.78 (USD Million) in 2019 and is predicted to accrue earnings worth 853.27 (USD Million) by 2026, is set to record a CAGR of nearly 6.5% over 2020-2026.

Description

The global Secondary Refrigerants market, which was estimated at 520.78 (USD Million) in 2019 and is predicted to accrue earnings worth 853.27 (USD Million) by 2026, is set to record a CAGR of nearly 6.5% over 2020-2026. The report offers valuation and analysis of Secondary Refrigerants market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Introduction

Secondary refrigerants are liquids that utilized for transferring heat from substance that is being cooled to the exchanger of heat where heat is absorbed by a primary refrigerant. Citing an instance, in an air conditioner air acts as secondary refrigerant. Moreover, the materials are utilized as transport medium of cooling capacity in huge air refrigeration units. Additionally, secondary refrigerants possess key characteristics like outstanding heat transfer, low viscosity, non-corrosiveness, cost-efficiency, high specific heat, and chemical stability. Apparently, chilled water is utilized as secondary refrigerant in high-temperature applications, while calcium chloride brines and propylene glycols find applications as secondary refrigerants in heat pumps, industrial refrigeration, and commercial refrigeration.

Market Growth Dynamics

The popularity of secondary refrigerants can be attributed to its non-toxic nature, safe usage, and incombustibility. Massive industrialization across the globe is anticipated to boost the growth of secondary refrigerants market over the estimated timespan.  Humungous usage of secondary refrigerants for regulating the intermittent increase of heat loads will boost the market trends. Furthermore, primary refrigerants undergo change in the phase but it is not so with secondary refrigerants, and this feature of the compound is anticipated to create lucrative growth avenues for the secondary refrigerants market over the forthcoming years. Additionally, refrigeration units utilizing secondary refrigerants require less monitoring at the time of operating of the system and this will create lucrative demand for the product over the next couple of years.

Furthermore, rise in the use of secondary refrigerants in oil & gas, pharmaceuticals, and chemical & petrochemical industry as coolants & heat recovering fluids will enlarge the scope of the industry in the near future.

Asia Pacific Market To Experience Massive Growth By 2026

The growth of the secondary refrigerants market in Asia Pacific zone over 2020-2026 is attributed to ongoing sustainable energy projects in the countries like China and Japan that will result in humungous demand for secondary refrigerants in these countries. In addition to this, swift industrialization in the sub-continent is predicted to create new growth avenues for the business in the region over the estimated timespan and increase the market penetration.  

Key players profiled in the report include The Linde Group, Eastman Chemical Company, Tazzetti S.P.A., The DOW Chemical Company, Climalife Groupe Dehon, A-Gas International, Arteco Coolants, Clariant AG, and Temper Technology Ab.

The global secondary refrigerants market is segmented as follows:

By Type

  • Glycols
  • Salt Brines
  • Carbon Dioxide
  • Heat Pumps

By Application

  • Commercial Refrigeration
  • Industrial Refrigeration
  • Heat Pumps
  • Air Conditioning

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Secondary Refrigerants Market , 2016–2026 (USD Million)
    • 2.2. Secondary Refrigerants Market : Snapshot
  • Chapter 3. Global Secondary Refrigerants Market – Industry Analysis
    • 3.1. Secondary Refrigerants Market : Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Refrigeration units utilizing secondary refrigerants require less monitoring at the time of operating of the system and this will create lucrative demand for the product over the next couple of years.
      • 3.2.2. Massive industrialization across the globe is anticipated to boost the growth of secondary refrigerants market over the estimated timespan.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Type
  • Chapter 4. Global Secondary Refrigerants Market – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Secondary Refrigerants Market : company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Secondary Refrigerants Market – Application Analysis
    • 5.1. Global Secondary Refrigerants Market overview: By Application
      • 5.1.1. Global Secondary Refrigerants Market share, By Application , 2019 and 2026
    • 5.2. Industrial Refrigeration
      • 5.2.1. Global Secondary Refrigerants Market By Industrial Refrigeration, 2016–2026 (USD Million)
    • 5.3. Commercial Refrigeration
      • 5.3.1. Global Secondary Refrigerants Market By Commercial Refrigeration, 2016–2026 (USD Million)
    • 5.4. Air Conditioning
      • 5.4.1. Global Secondary Refrigerants Market By Air Conditioning, 2016–2026 (USD Million)
    • 5.5. Heat Pumps
      • 5.5.1. Global Secondary Refrigerants Market By Heat Pumps, 2016–2026 (USD Million)
  • Chapter 6. Global Secondary Refrigerants Market – Type Analysis
    • 6.1. Global Secondary Refrigerants Market overview: By Type
      • 6.1.1. Global Secondary Refrigerants Market share, By Type , 2019 and 2026
    • 6.2. Salt Brines
      • 6.2.1. Global Secondary Refrigerants Market By Salt Brines, 2016–2026 (USD Million)
    • 6.3. Glyculs
      • 6.3.1. Global Secondary Refrigerants Market By Glyculs, 2016–2026 (USD Million)
    • 6.4. Carbon Dioxide
      • 6.4.1. Global Secondary Refrigerants Market By Carbon Dioxide, 2016–2026 (USD Million)
  • Chapter 7. Company Profiles
    • 7.1. Eastman Chemical Company
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. The DOW Chemical Company
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. A-Gas International
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Arteco Coulants
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Clariant AG
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. The Linde Group
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Climalife Groupe Dehon
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Tazzetti S.P.A.
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Temper Technology Ab
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global Secondary Refrigerants Market , 2016–2026 (USD Million)
4. Porter’s Five Forces Analysis
5. Global Secondary Refrigerants Market attractiveness, By Application 
6. Global Secondary Refrigerants Market attractiveness, By Type 
7. Global Secondary Refrigerants Market Share by Application ,2019 and 2026 (USD Million)
8. Global Secondary Refrigerants Market by Industrial Refrigeration,2016–2026 (USD Million)
9. Global Secondary Refrigerants Market by Commercial Refrigeration ,2016–2026 (USD Million)
10. Global Secondary Refrigerants Market by Air Conditioning ,2016–2026 (USD Million)
11. Global Secondary Refrigerants Market by Heat Pumps,2016–2026 (USD Million)
12. Global Secondary Refrigerants Market Share By Type ,2019 and 2026 (USD Million)
13. Global Secondary Refrigerants Market by Salt Brines,2016–2026 (USD Million)
14. Global Secondary Refrigerants Market , By Glycols, 2016–2026 (USD Million)
15. Global Secondary Refrigerants Market , By Carbon Dioxide, 2016–2026 (USD Million)
16. Global Secondary Refrigerants Market share, by Region, 2019 and 2026
17. North America Secondary Refrigerants Market , 2016–2026 (USD Million)
18. Europe Secondary Refrigerants Market , 2016–2026 (USD Million)
19. Asia Pacific Secondary Refrigerants Market , 2016–2026 (USD Million)
20. Latin America Secondary Refrigerants Market , 2016–2026 (USD Million)
21. The Middle East and Africa Secondary Refrigerants Market , 2016–2026 (USD Million)


Table Of Tables

List of Tables

1. Global Secondary Refrigerants Market : snapshot
2. Drivers of the Secondary Refrigerants Market : impact analysis
3. North America Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
4. North America Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
5. The U.S. Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
6. The U.S. Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
7. Rest of North America Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
8. Rest of North America Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
9. Europe Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
10. Europe Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
11. UK Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
12. UK Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
13. France Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
14. France Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
15. Germany Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
16. Germany Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
17. Rest of Europe Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
18. Rest of Europe Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
19. Asia Pacific Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
20. Asia Pacific Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
21. China Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
22. China Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
23. Japan Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
24. Japan Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
25. India Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
26. India Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
27. Rest of Asia Pacific Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
28. Rest of Asia Pacific Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
29. Latin America Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
30. Latin America Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
31. Brazil Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
32. Brazil Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
33. Rest of Latin America Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
34. Rest of Latin America Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
35. The Middle East and Africa Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
36. The Middle East and Africa Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
37. Saudi Arabia Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
38. Saudi Arabia Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
39. South Africa Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
40. South Africa Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)
41. Rest of the Middle East & Africa Secondary Refrigerants Market revenue, By Application , 2016–2026 (USD Million)
42. Rest of the Middle East & Africa Secondary Refrigerants Market revenue, By Type , 2016–2026 (USD Million)

 
 

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FrequentlyAsked Questions

The popularity of secondary refrigerants can be attributed to its non-toxic nature, safe usage, and incombustibility. Massive industrialization across the globe is anticipated to boost the growth of secondary refrigerants market over the estimated timespan.  Humungous usage of secondary refrigerants for regulating the intermittent increase of heat loads will boost the market trends. Additionally, refrigeration units utilizing secondary refrigerants require less monitoring at the time of operating of the system and this will create lucrative demand for the product over the next couple of years.

According to Zion Market Research report, The global Secondary Refrigerants market, which was estimated at 520.78 (USD Million) in 2019 and is predicted to accrue earnings worth 853.27 (USD Million) by 2026, is set to record a CAGR of nearly 6.5% over 2020-2026.

Asia Pacific is likely to make noteworthy contributions towards overall Secondary Refrigerants Market revenue. The growth of the market in the region can be ascribed to ongoing sustainable energy projects in the countries like China and Japan that will result in humungous demand for secondary refrigerants in these countries. In addition to this, swift industrialization in the sub-continent is predicted to create new growth avenues for the business in the region over the estimated timespan.

The key players profiled in the report include The Linde Group, Eastman Chemical Company, Tazzetti S.P.A., The DOW Chemical Company, Climalife Groupe Dehon, A-Gas International, Arteco Coolants, Clariant AG, and Temper Technology Ab. Industry players are trying to add new features to the product and thereby raise their product sales.

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