Secondary Refrigerants Market Size, Share, Growth Report 2030

Secondary Refrigerants Market

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

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

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).

Global Secondary Refrigerants Market SizeRequest Free Sample

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

Methodology

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.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed