#HFC Refrigerant Market Industry Report

[battleangel]

💉💊🗑️Addicted To Trash🗑️💊💉

Food scraps take up the most landfill space in the US. Think about that for a moment & process it. As much food insecurity as there is in the US. As many people that die from poverty & from hunger.

The millions of children that face an empty refrigerator & empty pantry every day after school. That don't have money for lunch and don't have access to a free lunch or lunch voucher program.

The parents that skip meals multiple days in a row so that their children can eat.

The sugar sandwiches, cereal with water, knocking on neighbors doors begging for food.

All so Americans that have more than they'll ever need can throw out more than they can ever eat while millions are food insecure and starve within the same country.

Buy loose fruits & vegetables at a local food market, buy food with minimal packaging, only purchase groceries & food items that you actually need & will use & avoid delivery, take out, fast food, fast casual, eating at a sit down restaurant, coffee & donut shops.

Per Google: Food waste accounts for 6% of global greenhouse gas emissions.

According to the Environmental Protection Agency, food scraps are the number one item sent to landfills in the United States.

Food waste accounts for 22% of municipal waste in the U.S.

We discard more food than any other country, even as the number of people experiencing food insecurity grows.

Food waste, which includes everything from meat and fish to fruit and vegetables, can take anywhere between one month and a year to decompose.

However, food decomposition can take longer in a landfill while releasing greenhouse gases into the atmosphere.

Americans are addicted & brainwashed. You can literally go days and even weeks as an American during hotter months without encountering air that hasnt been artificially cooled. Brainwashed!  Im 42 and my grandparents in rural Georgia that I visited and stayed with for a month every year as a kid didnt have air conditioning. Yet todays modern American life claims it isnt possible yet I did it for a month every year in my youth.

Per Google: Air conditioning, heating & refrigerators are the biggest wasters of energy in American households. The cooling industry is important, but it is also incredibly polluting – accounting for around 10% of global CO2 emissions. That is three times the amount produced by aviation and shipping combined. And as temperatures around the world continue to rise due to climate change, the demand for cooling will increase too.

The average American sets their AC to 68 to 72 degrees which is fucking absurd and ridiculous.

Set air conditioning to 78 to 80 when you are home and 80 when you are asleep and not home. 

I set my AC over the summer even during the current heat wave to 80 — I dont have central air in my 1 bedroom apartment, I have wall units in my living room & bedroom.

Use fans, wear light/minimal clothing or go naked inside your home (Ive done this) and drink 64+ ounces of water a day.

The average American keeps thermostat during winter at 72 to 80 degrees which is fucking absurd.

Per Google: Heat and air contributing to nearly half of a home’s energy usage. Today, 90% of American households have air-conditioning. America is addicted to home heating and cooling, consuming more energy for air-conditioning than the rest of the world combined.

Keep thermostat during cold months at 68 degrees. Layer clothing and wear blankets inside. 

Per Google: In the same report, the I.E.A. predicted that worldwide energy use by air-conditioners would triple by 2050, “requiring new electricity capacity the equivalent to the combined electricity capacity of the United States, the E.U. and Japan today.” 

The number of global cooling devices is estimated to increase from 3.6 billion to 9.5 billion by 2050, according to a report by the United Nations Environment Programme (UNEP) and the IEA.

Without radical changes to the cooling industry, HFC emissions are projected to contribute warming equivalent to 20% of CO2 output in 2050, the UNEP report warns.

However, some say that refrigeration could be the number one way to reduce carbon emissions. 

Per Google: Much of the world’s recent growth in cooling capability has been an adaptive response to global warming. The problem is self-perpetuating, because the electricity that refrigerators and air-conditioners run on is mostly generated by burning fossil fuels. 

Part of the problem with refrigerants, however, is that much of the harm they cause is after we as consumers have finished using them. It occurs out of sight, and so largely out of mind.

Roughly 90% of refrigerant emissions occur at equipment’s end of life, according to Project Drawdown, a nonprofit that analyses climate solutions.

The most common HFC found in domestic fridges is HFC-134a, which has a global warming potential 3,400 times that of carbon dioxide. A typical fridge can contain between 0.05kg and 0.25kg of refrigerant, which if it leaks into the environment, the resulting emissions would be equivalent to driving 675km-3,427km (420-2,130 miles) in an average family-sized car.

Refrigerators are responsible for about 4% of a home's emissions, or 89 kg of CO2 per year.

The correlation between growth in efficiency and growth in consumption is not accidental.

Similarly to air conditioning & heating, if you've noticed a trend, just setting the temperature a few degrees higher/lower can make an extremely significant difference in terms of energy consumption, greenhouse gas emissions & your contributions to climate change.

Do people care enough to change their respective thermostats just a few degrees?

Set your refrigerator to between 35 and 38°F, and your freezer to between 0 and 5°F.

A refrigerator that's 10°F colder can use up to 25% more energy.

Ironically, as climate change progresses further, our home heating and cooling needs will continue to increase in order to insulate us from extreme weather.

"Ironically" or by design?

Home heating is the single largest source of power consumption in the home, and air-conditioning is the third.

Further, air conditioning in the U.S. accounts for 5% of total energy consumption annually, and releases approximately 100 million tons of carbon dioxide into the air.

When we asked Americans whether they program or adjust their home thermostats before they leave the house, an overwhelming majority (73%) said they do not.

The solution to so much environmental damage caused by Americans ridiculously blasting their central AC & heat is right in front of their faces and is blindingly obvious yet the mindless ecocide continues.

Why? Because you don't want to be slightly unfuckingcomfortable?

Layered clothing + blankets & lower setting central heat = Winter

Lighter minimal clothing + fans + higher setting central air = Summer

It IS that easy.

I do it every summer & winter in my 1 bedroom apartment.

Why don't 73% of Americans?

Because they don't fucking feel like it, that's why.

Avoid disposable products & avoid single use products.

Avoid ordering delivery & takeout & avoid buying food & drinks at restaurants, fast casual, fast food as it produces single use containers, cups, straws, utensils, napkins.

Avoid food packaging.

If you buy prepackaged snacks, consider making them yourselves — homemade granola bars, pop tarts, trail mix recipes, etc. can easily be found on Pinterest.

•Replace plastic water bottles with water filter + stainless steel thermos bottle. •Buy items with less packaging. •Purchase reusable containers. •Minimalism — buy needs only, not wants. •Repair instead of replace items. •Buy refurbished tech & electronic devices. •Go paperless - paper accounts for 40% of landfills in the US - 40 fucking percent!

Makeup wipes take 100 years to decompose.

Stop using make up wipes & use water, soap & a face towel instead.

Clothes can take up to 40 years to decompose!

Stop buying new clothes.

Buy used clothes only when needed from thrift shops, consignment shops, Goodwill, online thrift shops, Depop, Mercari, Poshmark.

The micro mininskirt I am wearing now is from Wet Seal and I got it when I was 17 over 25 years ago.

Outside of a missing button, it is good as new and I wear it all the time.

Stop with fast fashion.

Stop buying Shein, Fashion Nova, Romwe, Zaful. Stop going to the mall. Stop buying Forever 21 and H&M. Stop going to department stores. Stop buying Macys. Stop shopping at outlets. Stop buying from Nordstrom Rack. Stop buying clothes on Wish & Amazon.

Use and reuse the clothes you already have.

When they are no longer wearable, buy used clothes only — never new — from a thrift shop, consigment store, Goodwill or Depop, Poshmark or Mercari.

Stop buying new clothes!

Batteries can contaminate soil indefinitely -- use rechargeable batteries.

Sanitary pads are made of plastic & can take up to 800 years to decompose. 800 years!

Replace sanitary pads with period underwear (I use Proof) with ob tampons without applicators (what I do) or period cups with a stem to remove & insert (boil & sterilize after each cycle) or menstrual discs.

Pads & plastic tampon applicators have toxins, chemicals & pesticides that have been proven to cause excessive menstrual bleeding (heavy periods since 11 stopped when I switched from Always pads & Tampax tampons with plastic applicators to Proof Period Underwear & ob tampons without applicators), uterine cancer, fibroids, tumors & other reproductive issues.

Washer machines are also a problem.

Dryer sheets arent biodegradable — stop using them.

Doing laundry in a washer machine releases microplastics into the environment which ends up endangering, harming & killing oceanic creatures and polluting the ocean.

Handwash clothes when you can.

Do not own a washer and dryer as you will be encouraged to wash laundry more due to it conveniently being located inside your home.

Instead, opt for a living space without a washer and dryer (like my 1 bedroom apartment that Ive lived in for 10 years).

Limit trips to the laundromat to once a month or once every other month. Rewear clothing.

You dont have to “throw away clothes as dirty” after one use.

If it isnt stained or smelling, rewear it repeatedly.

Only go to the laundromat when you are out of clean clothes to wear.

I go about once a month to every two months.

If you already have a washer and dryer in your home, limit your use of them as much as possible.

Disposable diapers take 500 years to decompose.

500 fucking years.

Use cloth diapers.

Per Google: Yard waste is one of the top ten waste items in US landfills.

Per Google:

By weight, grass is the biggest component of yard waste, averaging half of all yard waste.

Leaves and brush each provide one quarter.

Either dont have a yard & dont live in a house as living in a house is itself wasteful, a climate change driver & overconsuming energy to simply even heat & cool such a large space.

Or if for some bizarre reason you feel you "need" a house or if you already own a house with a yard, do the following per junkloggers.com: When you mow, “grasscycle” by leaving grass clippings on your lawn instead of bagging then. The clippings will return nutrients to the soil instead of taking up space in landfills. Donate healthy plants that you want to replace to community gardens, parks and schools. Using recycled materials such as compost and recycled hardwood mulch help remove yard waste from landfills and reduces the “footprint” of your own landscape.

Follow the 5 Rs: •Refuse: Maximalism, consumerism, materialism & overconsumption, FOMO, sales & clearances, shiny new toy syndrome, shopping to impress others, trends, advertising that has intentional hypnotic messaging, includes brainwashing tactics, seductive messaging, endless repetition, psyops elements, psychological warfare to buy what they are advertising & selling. •Reuse: What you already have. •Reduce: What you buy & use therefore you will have less to throw away and recycle. •Repurpose: Fix broken glasses like I did, dont buy a new pair. I just bought a glasses repair kit for a few dollars versus wasting money on a new frame, new lenses & the fuel that would have been wasted to deliver the new pair of glasses to me. Repurpose gift bags & use reusable grocery bags as totes. Reuse junk mail and newspaper as gift wrap. •Recycle: Aluminum is indefinitely repurposable but takes 800 years to biodegrade. Wash out containers, check recycling numbers, separate items.  Recycling uses oil!

Keep in mind that Exxon and the oil industry relentlessly promoted recycling before it became ubiquitious because oil is needed to recyle.

Recycling uses a huge amount of energy and is itself a contributor to climate change.

Its important to do all five Rs.

Dont just mindlessly buy use throw away recycle like big oil and capitalism endlessly brainwash you to do. All those times that you threw trash away as a kid in school, did you ever think where it was going? All those times your dad took the trash out and left it by the curb when you were young, did you ever think about where that trash was going? Did you ever think about landfills? Oceanic pollution & waste? Air pollution & air quality? Non biodegradable waste? Greenhouse gas emissions? Methane gas emissions? Landfills burning? Mountains of trash? Ofcourse not. If youre American, it was, out of sight out of mind. Im 42. When I was in school playing sports, it was throw out the empty plastic Gatorade bottle and back to softball practice. Back to track practice. Throw away trash, return lunch tray, on to my next class. Mindless. Brainwashed. Addicted to trash. Air quality near landfills is also poor and can be hazardous to humans and wildlife. The unwelcome sights, sounds, and smells of landfills make life unpleasant for nearby residents and reduce the land’s purpose. Overfull landfills may require clearing arable land and forests to create more room. Mindless. Brainwashed. Addicted to trash.

A plastic straw takes 400 years to decompose.

Did you ever think about that on your birthday at the McDonalds playground as a child as you sipped on your Hi-C Orange from your plastic straw?

Programmed.

Plastic wrap takes 1000 years to decompose.

Do you think about the amount of plastic used to wrap bottled water, packaged items, consumer goods? Or do you buy, consume, use, throw away?

Mind controlled.

Ziploc bags take 1000 years to decompose. Did you think about that as a kid in the cafeteria when you removed the PB&J sandwich that your mother made for you every day?

Brainwashed.

Stop vacationing - airplanes, cruises & automobiles are enormous drivers of climate change. Stay local - go to a library, state fair, amusement park, carnival, museum, science center, have a staycation - movie marathon at home etc, take a local class - dancing, pottery, painting, etc., visit local farms & parks.

Deprogram yourself from the belief that you need to take annual vacations, summer trips, tropical vacations, exotic vacations or that you “need to get away” —

Get away from what? 

Zombified.

Avoid driving as much as you can. Automobiles and the fossil fuels to drive them are a huge contributor to climate change. Wherever possible, do not drive and use as minimal gas as you can. Walk, ride your bike or a scooter, skateboard, roller skate or rollerblade or take public transportation where available if you have to use a car try to carpool or rideshare. Question if you really have to go wherever youre driving and is it worth the additional contributions youre making to climate change. 

Can you recreate wherever youre going at home? Can you watch the sporting event on TV, stream the concert, watch the movie when it releases to VOD? Do you need to meet up in person or can you do a video call on Twitch or Whatsapp if they are not a walkable distance from you? Can you cook instead of eating out? Can you take an online class vs driving to the class? Can you walk to a local food market vs driving to a grocery chain or big box retail store?

If you dont need to drive where youre going, dont drive.

There are millions of cars on the roads in America every day contributing endlessly to climate change so if you dont have to contribute dont and minimize your contributions as much as possible. If you can sell or donate your car then do so. If you live in an area with minimal public transportation, then drive it as little as possible. 

Stop going out to just go out or socialize or be seen as its pointless & unnecessary. 

Do your hair yourself and/or cut your hair off (I shave my head bald every 3 to 6 months) & stop driving to the hair salon.

Shave your eyebrows (what I do) and stop driving to the nail salon to get eyebrows waxed or threaded or stop shaping your eyebrows.

Stop painting your nails (what I do) or paint them yourself and stop driving to the nail salon.

Stop buying new stuff and stop driving to the mall.

Stop eating out and stop driving to restaurants.

Stop getting massages and stop going to massage parlors.

Go paperless wherever you can and stop going to the post office.

Stop going to bars and nightclubs, its pointless & a waste of time.

Eliminate bars, nightclubs, shopping malls, restaurants, movie theaters, hair salons, nail salons, massage parlors, post office, grocery stores, big box retail from your life and that should minimize the driving you do.

Dont have children.

By far, human beings are the biggest contributors to climate change so why would you ever willingly produce one (or more than one) given the amount of ecological destruction & climate change humans have already caused?

If everyone avoided having children, we could voluntarily make ourselves go extinct and save planet earth vs the current trajectory of the earth being inhabitable within 100 years and then humanity colonizing Mars and then other planets then destroying those planets in a few thousand years then moving on to the next.

Wash rinse repeat. Stop the cycle.

People are financially rewarded for ecocidal practices so this wont stop so we need to voluntarily stop ourselves and stop reproducing and stop endlessly propagating our species — human — that has been responsible for over 75k animal species going extinct, the destruction of the ozone layer, climate change, greenhouse gas emissions, endless landfills, deforestation, oceanic & air pollution, etc. 

Leather shoes & rubber leather soles take 50 to 80 years to decompose.

Buy flats and wear them until they are unusable. Once that occurs, buy new flats.

You should only be doing this once every few years like I am.

If you stand at work, buy high quality sneakers and only replace when they are breaking down.

I havent bought shoes in over five years & sneakers in over ten years.

Cut hair off like I do and stop using any hair products.

I shave my head bald every 3 months and do not do any hair maintenance. I dont use shampoo, conditioner, grease, oil, moisturizer, hair wraps, brushes, etc and as you can see my hair is perfectly fine.

Buy refurbished tech & electronic devices.

Dont ever buy new.

Look up cobalt mines in Congo and how the materials to make batteries for cell phones, EVs, TVs etc (cobalt) is causing a genocide in Congo as it is the only country that has this mineral so Apple, Samsung, Tesla etc desperately need it for their devices.

Look up the warlords fighting over these mines and the civilians being murdered as a result.

Look up the conditions of the cobalt mines — they employ women and children, no protective gear is issued despite them working in underground mines, no labor laws so they are working 12 to 16 plus hour shifts up to seven days a week exposed to dangerous conditions, toxins, chemicals with no protective gear, clothing or eyewear, they are worked like absolute slaves and are dying in these mines.

They are literally dying for your pink iPhone.

Fuck IKEA. Stop buying furniture to impress people who don't give a fuck if you live or die much less what your fucking furniture looks like.

Per Google: Most furniture is made of non biodegradable & non recyclable materials like treated wood that can't be recycled.

It takes treated wood years to decompose, and any synthetic fabrics from covers or cushions also take a long time to break down.

A polyurethane seat cushion will take up to 1,000 years to decompose.

Only replace furniture if it is broken beyond the point of repair.

In ten years of living in my 1 bedroom apartment, I have only purchased furniture once.

Dont purchase furniture to impress people, for entertaining purposes, to keep up with your social circle, to flex.

Brainwashed. Mindless. Addicted to trash. Consumerist.

Overconsumption. Materialistic. Out of sight, out of mind.

Who cares if we destroy earth, we're colonizing Mars.

An 80 year human life is worth more than 75k extinct animal species and is worth thousands of tons of plastic that will take hundreds of years to break down in landfills and 6 football fields worth of forests being destroyed via deforestation.

Speciesism is cool as long as its humans being valued among all other species on the planet and even the planet itself.

Ecocide is cool. Environmental damage is whatever.

The destruction of the environment is just part of my brat girl summer.

Has anyone seen MaXXXine?

Who are the greys, Reptilians, minders & keepers?

[market-insider]

An In-Depth Analysis of the Marine Lubricants Industry : Lubricating the Future of Shipping

The global marine lubricants market size is expected to reach USD 10.27 billion by 2030, registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. Growing concerns regarding oceanic pollution caused by improper engine function and subsequent demand for fuel-efficient engines are estimated to trigger the growth of the market.

Growth in international trade, removal of trade barriers being the principal reason, is encouraging developing countries to concentrate more on the improvement of their infrastructure, such as roads, airports, and seaports, which play a vital role in the development of the economy. Product storage, along with the capacity to move large shipments, has placed the shipping industry in a very advantageous position.

Gain deeper insights on the market and receive your free copy with TOC now @: Marine Lubricants Market Report

Global shipping majors, just like other segments of the conventional transport industry, are increasingly getting integrated with emerging global logistics and supply chain activities, owing to both external and internal dynamics. These factors have aided industry participants in substantially consolidating their market position and supplementing their ocean freight income, subsequently stoking the demand for marine lubricants.

Engine oils dominated the market over 46.0% volume share in 2022. These products are widely used in high, medium, and slow speed marine engines to extend service life and protect interior components from high temperatures & pressure. Some lubricants even offer additive protection against crankcases, camshaft areas, under-crowns, and ring belts.

Other products such as refrigeration compressor oils are specifically formulated to perform in extreme temperature environments and consist of HFC, CFC, and ozone-friendly refrigerants. These lubricants significantly prevent congealing on valves.

[surbhijamdade]

Refrigerants Market Industry Outlook: Forecasting Market Trends and Growth for the Coming Years

Refrigerants Market Strategies: Taking Advantage of Trends to Drive Growth in 2032

The Refrigerants Market Report provides essential insights for business strategists, offering a comprehensive overview of industry trends and growth projections. It includes detailed historical and future data on costs, revenues, supply, and demand, where applicable. The report features an in-depth analysis of the value chain and distributor networks.

Employing various analytical techniques such as SWOT analysis, Porter’s Five Forces analysis, and feasibility studies, the report offers a thorough understanding of competitive dynamics, the risk of substitutes and new entrants, and identifies strengths, challenges, and business opportunities. This detailed assessment covers current patterns, driving factors, limitations, emerging developments, and high-growth areas, aiding stakeholders in making informed strategic decisions based on both current and future market trends. Additionally, the report includes an examination of the Automatic Rising Arm Barriers sector and its key opportunities.

According to Straits Research, the global Refrigerants Market market size was valued at USD 24.20 billion in 2023. It is projected to reach from USD 26.11 billion in 2024 to USD 47.98 billion by 2032, growing at a CAGR of 7.9% during the forecast period (2024–2032).

Get Free Request Sample Report @ https://straitsresearch.com/report/refrigerants-market/request-sample

TOP Key Industry Players of the Refrigerants Market

Honeywell International Inc 

DAIKIN INDUSTRIES, Ltd. 

Dongyue Group 

Arkema S.A. 

Linde Group 

SINOCHEM GROUP CO., LTD. 

Engas Australasia 

Hess Corporation 

Deepfreeze Refrigerants Inc. 

Tazzetti S.p.A 

Airgas, Inc. 

HyChill Australia 

Orbia Advance Corporation S.A.B. de CV 

The Chemours Company 

Air Liquide 

Puyang Zhongwei Fine Chemical Co.,Ltd. 

Shandong Yuanlian Chemical Co.,Ltd. 

Gas International Limited

Global Refrigerants Market: Segmentation

As a result of the Refrigerants market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts. 

By Product Type

Chlorofluorocarbons (CFCs)

Hydrofluorocarbons (HFCs)

Hydrochlorofluorocarbons (HCFCs)

HydroFluoroOlefin (HFOs)

Carbon Dioxide

Ammonia

Propane

By Application

Air Conditioners

Refrigerators

Chillers and Heat Pumps

Others

By End-User

Residential

Commercial

Automotive

Industrial

Marine

Browse Full Report and TOC @ https://straitsresearch.com/report/refrigerants-market/request-sample

Reasons for Buying This Report:

Provides an analysis of the evolving competitive landscape of the Automatic Rising Arm Barriers market.

Offers analytical insights and strategic planning guidance to support informed business decisions.

Highlights key market dynamics, including drivers, restraints, emerging trends, developments, and opportunities.

Includes market estimates by region and profiles of various industry stakeholders.

Aids in understanding critical market segments.

Delivers extensive data on trends that could impact market growth.

Research Methodology:

Utilizes a robust methodology involving data triangulation with top-down and bottom-up approaches.

Validates market estimates through primary research with key stakeholders.

Estimates market size and forecasts for different segments at global, regional, and country levels using reliable published sources and stakeholder interviews.

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

Contact Us

Email: sales@straitsresearch.com

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[trendingreportz]

Refrigerant Oil Market - Forecast(2024 - 2030)

Overview

The Refrigerant Oil Market size is forecast to reach USD $1.6 billion by 2030, after growing at a CAGR of 4.3% during the forecast period 2024-2030.  Refrigerant Oil is a high-temperature formulation of a mixture of oil and additives devised for usage in cooling systems. It acts as a lubricant in refrigeration compressors, derived from both mineral and synthetic oil in order to lubricate or reduce friction of metal parts and wear on the compressor. The product flows under high pressure to turn from liquid to vapor state to generate a cooling effect due to its special characteristics such as better chemical and thermal stability, low contamination, low pour point, high dielectric strength and viscosity. Global environmental regulations, such as the Montreal Protocol and subsequent amendments like the Kigali Amendment, are driving the phase-out of high-GWP refrigerants like hydrofluorocarbons (HFCs). This shift is propelled by the need to curb greenhouse gas emissions and combat climate change. Low-GWP refrigerants, including hydrocarbons, natural refrigerants (like ammonia and CO2), and hydrofluoroolefins (HFOs), are gaining prominence due to their significantly reduced impact on global warming compared to their predecessors. The HVACR (Heating, Ventilation, Air Conditioning, and Refrigeration) sector is witnessing consistent growth globally, driven by urbanization, industrialization, and an increasing focus on indoor comfort and air quality. HVACR systems, including air conditioning units, heat pumps, and refrigeration equipment, rely on Refrigerant Oils for effective operation and lubrication of components like compressors, motors, and heat exchangers. Commercial buildings, industries, hospitals, and data centers require sophisticated HVACR systems for temperature control, preservation of goods, and maintaining optimal working environments.

Report Coverage

The report “Refrigerant Oil Market– Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Refrigerant Oil Market. By Type of Oil: Mineral Oil, Synthetic Oil and Others. By Refrigerant Type: Chlorofluorocarbon (CFC), Hydro-chlorofluorocarbon (HCFC), Hydrofluorocarbon (HFC), Ammonia, HFO, Butane and Iso Butane, Propane and Others By Application: Refrigerator & Freezer, Air conditioners, Automotive AC System, Aftermarket and Others  By Geography:  North America, South America, Europe, APAC, and RoW.

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Key Takeaways

Asia Pacific region is expected to maintain its dominance during the forecast period.

The key factor driving the growth of the global Refrigerant Oil market is the increasing consumption of frozen and packaged food products.

Refrigerant Oil exhibits high viscosity, low pour point, and is contamination-free due to which the market is expected to grow during the forecast period.

By Type of Oil - Segment Analysis

Synthetic Oil segment held a significant share in Refrigerant Oil market in 2023. This dominance is attributed to its high performance in extreme conditions, superior viscosity index, high shear stability, and enhanced chemical resistance in comparison to mineral oil. Additionally, synthetic oil lasts longer and is compatible with low GWP and modern refrigerants such as NH3, HFO, and CO2. The growth is attributed to the increasing demand for POE and PGA in ammonia and CO2 refrigeration systems. On the other hand, the mineral oil offers more benefits over the synthetic oil, which leads to its use as a thermal fluid in mechanical and industrial applications.

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By Application - Segment Analysis

Building Refrigerator & Freezer segment held a significant share in Refrigerant Oil market in 2023 growing at a CAGR of 4.5% during the forecast period. This growth is attributed to the growing demand for perishable food products due to the changing lifestyle of people in developed and developing regions and growth in trade of food products. The rising sales of refrigerators & freezers are anticipated to drive the growth of the market over the forecast period. Compressor Oil is designed to provide long service life in most compressor applications. Moreover, air conditioners segment is expected to have a significant growth during the forecast period due to installation of air conditioners in vehicles, residences, centralized systems in offices and in industries. However, consumer electronics companies plan to increase prices of refrigerators, air-conditioners, microwave ovens and washing machines due to higher component prices amid short supplies from coronavirus-hit China.

By Geography - Segment Analysis

Asia Pacific dominated the Refrigerant Oil market with a share of more than 32%, followed by North America and Europe. The increasing population in the region and the rising demand for refrigerators, freezers, air conditioners, and automobiles in the emerging markets of APAC, such as China and India, are some of the major factors projected to drive the demand for Refrigerant Oil in the region. Furthermore, the improving lifestyle, increasing employment rate, rising disposable income of the people, and mounting foreign investments in various sectors of the economy are some of the other factors that make APAC an attractive market for Refrigerant Oil manufacturers. 

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Drivers – Refrigerant Oil Market

Growing Demand for Environmentally Friendly Oils

Stringent EU Consumer and industry preferences are increasingly inclined towards sustainable and eco-friendly products. This extends to refrigeration systems where there's a growing preference for oils derived from renewable sources or with minimal environmental impact. Manufacturers are responding to this demand by developing Refrigerant Oils derived from bio-based or synthetic sources that offer lower GWP, reduced toxicity, and improved biodegradability. Many industries are incorporating sustainability into their operational strategies. This includes using Refrigerant Oils that align with their sustainability commitments and promote environmentally responsible practices.

Cold chain logistics have sparked an interest in refrigeration equipment and in turn Refrigerant Oil 

Changing food habits coupled with spending capacity have resulted in a number of licensed and franchised stores of limited services restaurants such as McDonald’s and Subway, KFC and local services and is driving demand for frozen and chilled food products. Moreover, storage of medical products (such as vaccines, other medical products, etc.) is expected to increase demand for refrigeration systems. Hence, it is expected to increase installation of refrigeration equipment in warehouses as well as in vehicles for distribution. 

Challenges – Refrigerant Oil Market 

Inadequate Source: Expert Insights & IndustryARC Analysis

Stringent regulations Various government organizations are trying to enforce amendments over the industries to reduce the use of HCFCs and CFCs in refrigeration system until 2030 by A5 countries in order to identify such refrigerants as obsolete. Thus, stringent government regulations are expected to hinder the Refrigerant Oil market. Moreover, ammonia is not compatible with copper, so it cannot be used in any system with copper pipes. Release of ammonia due to excess water within the system freezing, causes broken pipes and equipment.

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Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Refrigerant Oil market. in 2023, The major players in the Refrigerant Oil market are Exxon Mobil Corporation, Shell PLC, FUCHS, Idemitsu Kosan Co. Ltd, Petronas International Limited, BP p.l.c., Sinopec Group, Johnson Controls, Japan Sun Oil Company, Ltd., Isel Inc. and Others.

Developments:

In August 2023, The Japanese lubricating oil manufacturer Sun Oil Co. launched a mineral Refrigerant Oil that works with most refrigerants. 

In September 2022, Tata Motors announced the launch of the 5W30 synthetic engine oil, which is specifically intended to enhance the performance of the BS6 diesel engines.

[industryinsightsandanalysis]

Cyclopentane Market Size, Share, Trends & Forecast

According to a new report by Univdatos Market Insights, the Global Cyclopentane Market is expected to reach USD 695.35 million in 2032, growing at a CAGR of 6.91%. The market is experiencing significant growth driven by increasing insulation, refrigeration, and electrical demand, coupled with stringent environmental regulations promoting eco-friendly blowing agents.

Market Dynamics

The cyclopentane market continues to grow due to several factors. Firstly, the global push for energy efficiency, particularly in household appliances, has led to increased demand for cyclopentane as a blowing agent in polyurethane foam insulation. For instance, in May 2024, Whirlpool Corporation reported a 12% increase in sales of its energy-efficient refrigerator line using cyclopentane-based insulation.

Moreover, the phase-out of hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) under the Montreal Protocol and subsequent amendments has accelerated the adoption of cyclopentane as an environmentally friendly alternative. In February 2024, the European Union implemented stricter regulations on fluorinated greenhouse gases, further boosting cyclopentane demand in the region.

The construction industry's recovery post-COVID-19 pandemic has also contributed to increased cyclopentane usage in insulation materials. For instance, in 2024, according to the report published by the United States Census Bureau, the construction spending during May 2024 was estimated at a seasonally adjusted annual rate of USD 2,139.8 billion, 0.1 percent (±1.0 percent) below the revised April estimate of USD 2,142.1 billion. The May figure is 6.4 percent (±1.6 percent) above the May 2023 estimate of USD 2,011.8 billion. During the first five months of this year, construction spending amounted to USD 836.3 billion, 8.8 percent (±1.2 percent) above the USD 768.6 billion for the same period in 2023.

Additionally, technological advancements in cyclopentane production have improved efficiency and reduced costs. In August 2023, BASF SE announced a new catalytic process for cyclopentane production, which reduced energy consumption by 30% and decreased carbon emissions by 25% compared to conventional methods.

Sector Specific Growth  

Refrigeration and Air Conditioning: The refrigeration and air conditioning sector remains the largest consumer of cyclopentane, driven by stringent energy efficiency standards and the shift towards eco-friendly refrigerants. For instance, in June 2024, according to Daikin, the company is focused on increasing its localization level, leveraging the PLI scheme for the air conditioning sector. The company plans to enhance local manufacturing of PCB circuits to achieve this goal. The company expects to manufacture 2 million units in India this fiscal year and has plans to scout for more export opportunities by making India a manufacturing hub. The company has sold seven lakh residential air conditioners (RAC) units in the first three months of the year, helped by a blistering summer this season, and expects over 50 percent growth. Therefore, this will increase the demand for cyclopentane-based insulation materials in the coming years.

Construction and Insulation: The construction and insulation segment has been a significant driver of cyclopentane demand, particularly in developing economies. The growing emphasis on green building practices has further boosted cyclopentane adoption. In January 2024, the Indian Green Building Council reported a 20% increase in green building certifications, with many projects utilizing cyclopentane-based insulation materials.

Electrical and Electronics: The electrical and electronics industry is emerging as a promising growth area for cyclopentane, particularly in producing circuit breakers and switchgear. In February 2024, Huntsman Building Solutions (HBS), the global leader in high-performance, energy-efficient, and resilient building envelope solutions, announced the launch of its all-new Icynene Series spray polyurethane foam insulation product line. The collection of spray foam systems offers the highest performance available in the industry today and includes key product certifications.

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Sustainability Drives Innovation in Cyclopentane Production and Application

The market is witnessing rapid technological developments and significant efforts from industry leaders in researching sustainable production methods. In October 2023, a consortium of European chemical companies unveiled a breakthrough in bio-based cyclopentane production, utilizing renewable feedstocks derived from agricultural waste. This innovation is expected to reduce the carbon footprint of cyclopentane production by up to 70% compared to conventional methods. The trend towards circular economic practices is also influencing the cyclopentane market. In September 2023, a major European appliance manufacturer launched a pilot program for recovering and purifying cyclopentane from end-of-life refrigerators, aiming to reduce virgin material consumption and minimize waste.

Conclusion:

With increasing environmental concerns, stringent regulations, and the growing demand for energy-efficient products, the cyclopentane market is poised for substantial growth in the coming years. The industry's focus on sustainable production methods, innovative applications, and circular economy practices is expected to drive further expansion and geographic diversification of the market.

As the global economy continues to prioritize sustainability and energy efficiency, cyclopentane is likely to remain a critical component in various industries, particularly in insulation, refrigeration, and electrical applications. The future of the industry will largely depend on its ability to adapt to evolving regulatory landscapes, consumer preferences, and technological advancements in green chemistry and manufacturing processes.

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[tamanna31]

Refrigerant Market Size, Share, Growth, Analysis Forecast to 2030

Refrigerant Industry Overview

The global refrigerant market size was estimated at USD 14.26 billion in 2023 and is projected to grow at a CAGR of 4.7% from 2024 to 2030.

The industry is experiencing growth due to increased demand from various end-use sectors, particularly the commercial & industrial refrigeration industry. Rapid urbanization in emerging economies, the expansion of cold storage facilities, and the rising preference for environmentally friendly refrigerants are all expected to fuel global market growth in the coming years.

Gather more insights about the market drivers, restrains and growth of the Refrigerant Market

Refrigerants such as hydrofluorocarbons (HFCs), 1,1,1,2-Tetrafluoroethane, and Ammonia are widely utilized in the beverage and food processing industry due to their minimal contribution to global warming, thus reducing their impact on the ozone layer. These refrigerants are commonly used for storing, producing, and transporting food and beverages.

Food, perishable goods, and medicines can be refrigerated throughout their life. Refrigerated containers, trucks, and trailers systems keep these supplies fresh during transportation and preserve the goods from production to delivery. The growing demand for medicines, frozen foods, and new treatments requiring cold chains has increased the need for reliable refrigerated transport.

Browse through Grand View Research's Power Generation & Storage Industry Research Reports.

• The global battery market size was estimated at USD 118.20 billion in 2023 and is projected to grow at a CAGR of 16.1% from 2024 to 2030.

• The global portable power station market size was estimated at USD 0.61 billion in 2023 and is estimated to grow at a CAGR of 16.7% from 2024 to 2030.

Key Refrigerant Company Insights

Some of the key players operating in the market include Honeywell International Inc., Daikin Industries Ltd., and Arkema S A, among others

Honeywell International Inc. manufactures and supplies aerospace product & services, turbochargers, energy efficient solutions and products for homes, businesses & transport, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals and security technologies for home, industries and buildings. The company has its business operating via four segments, aerospace, home and building technologies, performance materials and technologies and safety & productivity solutions. The company has a global presence.

Daikin Industries Ltd is a manufacturer and supplier of cooling equipment and chemicals. It operates via three segments, Air Conditioning and Refrigeration Business, Chemicals and others. The Air Conditioning and Refrigeration Business segment is responsible for providing residential and commercial air conditioners, residential and commercial air purifiers, large sized chillers, marine vessel air conditioners and marine refrigeration units. The Chemicals segment manufactures and supplies fluoropolymers, fluorocarbons, fine chemical products and chemical engineering machinery. The company has a global presence.

Mexichem SAB de CV, Linde Group, Air Liquide, and Dongyue Group, among others, are some of the emerging participants in the refrigerants market.

Air Liquide manufactures and supplies gases, technologies, and services for healthcare and various industries. It operates through three segments: Gas & Services, which includes refrigerants; Engineering & Construction; and Global Markets & Technologies. The Gases & Services segment comprises four business lines: large industries, Industrial merchants, Healthcare, and Electronics. The company also manufactures and designs plants in the renewable, alternative, and traditional energy sectors and has a presence in 72 countries.

Linde Group is a gas and engineering company that operates via three segments Gases, Engineering and Other. The Gases segment provides a wide range of liquified and compressed gases, as well as chemicals to several industries including energy, steel production, chemical processing, environmental protection, welding, food processing, electronics and glass production. The Engineering division assists in planning, development and construction of turnkey industrial plants such as chemical plants, refineries, petrochemical plants, fertilizer plants, and olefin, air separation, hydrogen, natural gas and synthesis gas plants. The other segment consists of logistics services offered by the company’s subsidiary Gist, which provides expert solutions in the distribution of chilled beverages and food.

Key Refrigerant Companies:

The following are the leading companies in the refrigerants market. These companies collectively hold the largest market share and dictate industry trends

Honeywell Industries Inc.

Daikin Industries Inc.

Arkema S A

Dongyue Group

The Chemours Company

Mexichem SAB de CV

Sinochem Group

Linde Group

Air Liquide

SRF Limited

Gujarat Fluorochemicals Limited

Asahi Glass Co, Ltd (AGC)

Recent Developments

In June 2024, Hudson Technologies announced the acquisition of USA Refrigerants for USD 27 million. This acquisition helps Hudson Technologies enter the North America and U.S. markets.

In November 2022, Danfoss announced the acquisition of BOCK GmbH, a German compressor manufacturer. This move aligns with Danfoss's goal to expand its range of clean, sustainable technologies and accelerate the green transition in commercial refrigeration systems

Order a free sample PDF of the Refrigerant Market Intelligence Study, published by Grand View Research.

[businessindustry]

Water-Cooled Chillers Market Research, Analysis by Trends 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Water-Cooled Chillers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Water-Cooled Chillers Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Water-Cooled Chillers?

The global water-cooled chillers market size reached US$ 4.8 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 5.6 billion in 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.

What are Water-Cooled Chillers Market?

Water-cooled chillers are refrigeration systems utilized to extract heat from liquids by employing water as the cooling agent. These chillers find extensive applications in air conditioning, industrial processes, and large-scale facilities where effective cooling is crucial. The process involves circulating water through a condenser to absorb heat from a refrigerant gas. This gas is subsequently compressed and cooled, generating chilled water for various cooling needs. Known for their efficiency and ability to handle substantial cooling demands, water-cooled chillers are ideal for environments requiring precise temperature regulation and energy conservation.

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What are the growth prospects and trends in the Water-Cooled Chillers Market industry?

The water-cooled chillers market growth is driven by various factors and trends The water-cooled chillers market includes systems that effectively remove heat from liquids using water as a cooling agent. These chillers are vital for applications in air conditioning, industrial processes, and large-scale facilities where efficient cooling is paramount. Growth in the market is fueled by rising demand for energy-efficient cooling solutions, stringent environmental regulations favoring sustainable technologies, and expanding construction and industrial activities. Manufacturers are prioritizing improvements in chiller efficiency, reliability, and environmental sustainability to meet varied customer demands and global regulatory standards. Hence, all these factors contribute to water-cooled chillers market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Centrifugal Chillers

Screw Chillers

Absorption Chillers

Reciprocating Chillers

Scroll Chillers

Capacity

Small Capacity Chillers

Medium Capacity Chillers

Large Capacity Chillers

End-Use Industry

Manufacturing

Commercial Buildings

Data Centers

Healthcare

Hospitality

Others

Application

Air Conditioning

Process Cooling

Compressor Type

Scroll Compressors

Screw Compressors

Centrifugal Compressors

Reciprocating Compressors

Refrigerant Type

Hydrochlorofluorocarbon (HCFC)

Hydrofluorocarbon (HFC)

Ammonia

Others

Power Source

Electric Chillers

Absorption Chillers

Engine-Driven Chillers

Component

Compressors

Condensers

Evaporators

Control Systems

Others

Sales Channel

Direct Sales

Distributor/Wholesaler

Service Type

Installation and Commissioning

Maintenance and Repair

Consulting and Training

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

India

Japan

South Korea

Australia

New Zealand

ASEAN

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA.

Who are the key players operating in the industry?

The report covers the major market players including:

Daikin Industries Ltd.

Johnson Controls International plc

Trane Technologies plc

Carrier Global Corporation

Mitsubishi Electric Corporation

York (Johnson Controls)

LG Electronics Inc.

Schneider Electric SE

Climaveneta (Mitsubishi Electric)

Smardt Chiller Group Inc.

McQuay International (Daikin)

Thermax Limited

Multistack International Limited

Frigel Firenze S.p.A.

Broad Air Conditioning Co. Ltd.

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Industrial Refrigeration Market Forecast & Business Opportunities by 2032

Market Scope & Overview

The Industrial Refrigeration market research is a thorough, expert examination of the industry, with an emphasis on worldwide market trends. In addition to major industry improvements in the coming years, the report investigates market demand and supply side aspects. To offer market participants with a comprehensive picture of the market, the research study includes an analysis of Porter's Five Forces for the industry as well as a competitive landscape.

The research report includes a market attractiveness analysis that takes into account market size, growth rate, and general market dynamics. This Industrial Refrigeration Market report's goal is to provide readers with an in-depth study of market segmentation by end-user industry and geography, as well as a comprehensive market overview. According to the anticipated period, the global market would increase greatly.

Russia-Ukraine Conflict Impact Analysis

The research report examines whether the present war between Russia and Ukraine has had any obvious impact on the global Industrial Refrigeration market, as well as the details of the influence made in various regional marketplaces throughout the world.

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Competitive Analysis

Partnerships, acquisitions, and joint ventures were among the market's inorganic growth strategies. The research also includes financial data, current changes for key industry participants, corporate biographies, components and services offered, and other information. The report includes key advances in the Industrial Refrigeration area, as well as organic and inorganic growth strategies. Several companies prioritize new product releases, product approvals, and other organic growth methods such as patents and events.

Key market players are:

Daikin Industries

Emerson Electric

GEA Group

Ingersoll Rand

Carrier

Danfoss

Evapco

Johnson Controls

LU-VE Group and Mayekawa

Market Segmentation Analysis

The segmentation of the Industrial Refrigeration market by application, end-user, and geography in this analysis provides a comprehensive view of the industry. Each market segment has been thoroughly studied in light of existing and anticipated industry developments. To provide a comprehensive perspective of the market, the research report employs both qualitative and quantitative data. It analyses and forecasts the worldwide market across a number of key areas.

BY TYPE

Transport Refrigeration

Stationary Refrigeration

BY COMPONENT

Evaporator

Compressor

Control

Condenser

Other

BY REFRIGERANT TYPE

Hydroflurocarbon (HFC)

Ammonia

Carbon Dioxide

Other

BY CAPACITY

<100 kW

100-500 kW

500kW-1,000kW

1,000kW-5,000kW

>5,000 kW

BY APPLICATION

Fruit And Vegetable

Dairy And Ice Cream

Meat, Poultry, and Fish Processing  

Beverage

Petrochemical

Chemical

Pharmaceutical

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Regional Outlook

The regional analysis section of the report enables market participants to find the most profitable regional markets in order to consider growing their enterprises there. After examining political, economic, social, and technological variables affecting the Industrial Refrigeration market in all regions, the research presents a comprehensive PEST analysis for all regions, including North America, Europe, APAC, Latin America, and the Middle East and Africa.

Key Reasons to Purchase Industrial Refrigeration Market Report

The research examines the possibilities for investment in a variety of market sectors as well as the overall extent of the global market.

The report's authentic facts and effective techniques have assisted market participants in growing their businesses and customers.

Conclusion

The market research report for industry participants contains critical market information, as well as major market trends and opportunities.

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SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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[marketsndata]

Blowing Agents Market Size, Share and Industry Analysis 2031

Global blowing agents market size was valued at USD 2.05 billion in 2023, which is expected to grow to USD 3.29 billion in 2031 with a CAGR of 6.1% during the forecast period between 2024 and 2031. The building and construction industry is the highest revenue-generating segment for the global blowing agents market. According to the Construction Industry Forecasts, 2022-2024 report published by the Construction Products Association, a global building and construction industry association, the global construction industry will register a year-on-year growth rate of 2.2% in 2023 as opposed to the year 2022.

The increasing adoption of blowing agents in the manufacturing of foams is driving the growth of the market at the global level. For instance, Arkema is developing next-generation foam-blowing agent solutions with low GWP. Their Forane FBA 1233zd is a high-performance, low GWP liquid blowing agent that is SNAP-approved for most polyurethane applications, including residential appliances, commercial refrigeration, construction panels, and doors. The product is also suitable for spray foam, appliance insulation, and various other applications.

The prime elements fuelling the growth of the building and construction activities include growing emphasis on replacing aging infrastructure, increasing development of high-rise buildings, rising investments in commercial construction projects, and rapid technological innovations. Henceforth, the bolstering building and construction activities are fueling the utilization of blowing agents, including hydrochlorofluorocarbons (HCFCs), hydrofluorocarbons (HFCs), and hydrocarbons (HCs) to ensure superior building, thereby accelerating the market growth. Likewise, the robust demand for electric vehicles and the recent investment in the automotive manufacturing zones are driving the production activities related to automotive vehicles. Therefore, the rise in automotive vehicle production is boosting the adoption of automotive parts and panels, which, in turn, is driving the blowing agents market growth.

The shifting consumer preference for environmentally sustainable blowing agents will create a lucrative opportunity for market growth during the projected forecast period. For instance, in April 2021, Kumyang launched Cellcom KY-ECO, the world's first eco-friendly blowing agent that is free from hazardous gases such as HCFCs. This blowing agent is designed to improve the finished good's flexibility, and thermal and acoustic insulation. Nonetheless, the strict regulatory framework associated with the manufacturing of the blowing agents is posing a major bottleneck for the growth of the market.

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The Booming Building and Construction Activities is Accelerating the Market

Blowing agents, such as HFCs and HCs, are used in the building and construction industry to generate a cellular structure from liquid plastic resin. The blowing agent functions as an insulating component of the foam in the context of foam used for building insulation. Thus, the blowing agents are ideal for various applications in the building and construction industry, including residential and commercial construction projects. The rapid pace of industrial development in the Asia-Pacific region, increasing public-private partnerships in infrastructure development projects, and recent technology innovations are some of the prominent aspects resulting in the surge in building and construction activities at the global level.

For instance, according to the recent data published by Statistics Canada, a government of Canada office, in July 2023, the Canadian residential construction industry was valued at USD 11.7 billion, and in August 2023, it was USD 11.9 billion, registering a monthly growth rate of 1.6%. In addition, as of December 2023, a wide range of commercial constructions covering shopping malls, mixed-use buildings, and airports are under development at the global level, including Saya Status Shopping Mall in India (project completion year 2026), Markisches Zentrum Redevelopment in Germany (project completion year 2024), and the new terminal at Montreal Saint-Hubert Airport in Canada (project completion year 2025). Hence, booming building and construction activities are boosting the demand for blowing agents to reduce waste, energy consumption, and environmental impact, ultimately resulting in major long-term savings, further proliferating the growth of the market.

Recent Product Innovations Related to Blowing Agents is Amplifying the Market Growth

The increasing demand for environmentally sustainable products that address regulations and reduce emissions is accelerating the development of a new range of blowing agents. The development of blowing agents with lower global warming potential (GWP) and ozone depletion potential (ODP), aligning with global efforts to mitigate climate change is driving the growth of the market.

Furthermore, blowing agents designed to enhance the insulation properties of foam products, contributing to increased energy efficiency in buildings and appliances, are acting as a growth-inducing factor. In line with this, the introduction of blowing agents made of novel compounds and formulations that provide superior thermal insulation, while addressing concerns related to health, safety, and environmental impact, is propelling the market growth. Thus, the recent product innovations associated with the development of a new range of blowing agents are boosting the supply of product, which, in turn, is accelerating the market growth.

Tailoring blowing agent formulations for specific applications, ensuring optimal performance in diverse industries like construction, automotive, and appliances, is further accelerating the market growth. The next generation blowing agents, such as those being developed by Arkema, have low GWP and offer a balance of performance benefits and reduced environmental impact. In addition, innovations in blowing agents can improve the energy efficiency of products, such as appliances, by providing better insulation properties. For example, the Opteon 1100 blowing agent has very low GWP and delivers enhanced thermal performance, helping appliance manufacturers meet industry energy efficiency standards. Likewise, the development of new blowing agents, such as HFO products, highlights the ongoing advancements in technology, thereby supplementing the global blowing agents market growth.

For instance, in May 2023, Kumyang, a South Korea-based manufacturer of blowing agents introduced KY-ECO, a type of blowing agent that is safe for health. Therefore, the increasing focus on environmental sustainability, energy efficiency, and innovation in blowing agents is driving the development of next-generation products that offer improved performance and reduced environmental impact, thereby propelling the growth of the market.

Asia-Pacific Dominates the Blowing Agent Market

The growth of the blowing agents market in the Asia-Pacific region is driven by several factors, including the growing construction, automotive, and electronics industries. The increasing demand for lightweight materials, higher insulation, and higher elasticity in industries, such as automotive, construction, and aerospace, is also driving the growth of the blowing agents market in the region. The increasing disposable income of people, surging demand for larger living and commercial spaces, and the increasing production of aircraft across countries, such as India, China, and South Korea, are several crucial aspects augmenting the growth of the blowing agents market across the region.

For instance, in the year 2023, various building and construction projects commenced in the Asia-Pacific region, including Penang Chip Packaging Facility in Malaysia (project completion year 2024), Chashma Power Plant Unit V 1200 MW in Pakistan (project completion year 2030), Qinzhou Petrochemical refining and chemical integration upgrade project in China (project completion year 2025), and Dushanzi Petrochemical Complex in China (project completion year 2026). In addition, according to the recent statistics published by the Asia Automotive Analysis (AAA), in the first half of 2023, the production of automotive in Asia (South Asia, ASEAN, and East Asia) was 7,486,897 units, a year-on-year growth rate of 13.1% as opposed to 6,609,402 units in June 2022. Henceforth, the growth of the end-use industries, such as building and construction and automotive, in the Asia-Pacific are spurring the growth of the blowing agents market in the region.

Future Market Scenario (2024 – 2031F)

Investments in mining and construction sectors will further increase use cases of blowing agents, thereby creating a lucrative opportunity for market growth.

Innovation and R&D in automotive manufacturing will influence the demand growth of blowing agents. Thus, fostering the growth of the blowing agents market in the upcoming years.

Government-linked incentive schemes will help the market grow, especially applicable for appliances.

Report Scope

“Blowing Agents Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global blowing agents market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, opportunities and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

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[businessresearchreportss]

Climate Control Revolution: Trends Shaping the Automotive HVAC Market

The automotive HVAC (Heating, Ventilation, and Air Conditioning) market is undergoing significant transformations driven by technological advancements, regulatory requirements, environmental concerns, and shifting consumer preferences.

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Here are some key trends shaping the automotive HVAC market:

Electrification and Energy Efficiency: With the rise of electric vehicles (EVs) and hybrid vehicles, there's a growing emphasis on energy-efficient HVAC systems to maximize driving range and battery life. Manufacturers are developing electric compressors, heat pumps, and thermal management systems to optimize heating and cooling while minimizing energy consumption.

Smart and Connected HVAC Systems: Integration of smart and connected technologies enables advanced HVAC functionalities, such as remote operation, personalized climate control settings, and predictive maintenance. Connected HVAC systems leverage vehicle data, GPS, and cloud-based services to enhance user comfort, convenience, and energy efficiency.

Zonal Climate Control: Zonal climate control systems allow passengers to adjust temperature settings independently in different areas of the vehicle cabin. This trend enhances comfort and customization options, especially in larger vehicles or those with multiple seating rows.

Air Quality and Cabin Filtration: Growing awareness of indoor air quality and health concerns is driving demand for HVAC systems with advanced filtration technologies. HEPA filters, activated carbon filters, and air ionizers are increasingly incorporated into automotive HVAC systems to remove pollutants, allergens, and odors from the cabin air.

Integration of Thermal Management with Battery Cooling: In electric vehicles, thermal management systems play a crucial role in maintaining optimal operating temperatures for both the vehicle's occupants and the battery pack. Integrated HVAC and battery cooling systems ensure efficient operation and prolong battery life by managing heat dissipation during charging and driving cycles.

Adoption of Refrigerant Alternatives: Regulatory requirements, such as the phasedown of hydrofluorocarbon (HFC) refrigerants due to their high global warming potential (GWP), are driving the adoption of alternative refrigerants with lower environmental impact. Automakers are transitioning to refrigerants like R-1234yf, which have lower GWPs and comply with regulatory standards.

HVAC System Integration with Vehicle Diagnostics: Integration of HVAC systems with onboard diagnostic systems enables proactive monitoring of system performance and early detection of faults or malfunctions. Real-time diagnostics and predictive analytics help prevent HVAC system failures and reduce maintenance costs while ensuring optimal performance.

Thermal Comfort Solutions: Automotive manufacturers are investing in advanced thermal comfort solutions, such as heated and ventilated seats, heated steering wheels, and infrared cabin heating. These features enhance passenger comfort and satisfaction, particularly in extreme climates or during long-distance travel.

Sustainability and Eco-Friendly Technologies: The automotive industry is increasingly focusing on sustainability and eco-friendly practices in HVAC system design and manufacturing. This includes the use of recyclable materials, energy-efficient components, and eco-conscious production processes to minimize environmental impact throughout the product lifecycle.

By addressing these trends and incorporating innovative technologies into their HVAC systems, automotive manufacturers can meet the evolving needs of consumers while complying with regulatory requirements and advancing environmental sustainability goals in the automotive industry.

[digitrenndsamr]

Cooling Solutions for Business: Commercial Air Conditioning System Trends 2022-2031

A commercial air conditioning system is a group of devices and parts used in commercial and industrial buildings like offices, retail stores, hospitals, factories, and data centers to circulate and dry the air. Typically, commercial air conditioning systems have one or more sizable units mounted on the building's roof or in the building's exterior. The cooling air from the units is sent throughout the building via ducts that are attached to the units. The system might also come with a control mechanism that enables building occupants to set the temperature and other settings to the ideal level. The commercial air conditioning system market size was valued at $38.3 billion in 2021 and is estimated to reach $57.9 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

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The market for commercial air conditioning systems is significantly impacted by the expansion of the construction sector, especially in developing countries. The need for effective and dependable HVAC systems to maintain a suitable indoor temperature is increasing as more buildings are built. Commercial air conditioning system adoption is influenced by rising demand for energy-efficient systems as well as rules and criteria set by the government to reduce carbon emissions. Variable refrigerant flow (VRF) systems, which conserve energy and lower running costs, are now a common feature of many commercial air conditioning systems. The demand for smart buildings and building automation systems is also boosting the commercial air conditioning system market growth. These systems can offer real-time HVAC system monitoring and management, which can maximize energy efficiency, save maintenance costs, and improve occupant comfort.

However, some of the disadvantages of commercial air conditioning systems include its environmental concerns. Environmental concerns arise from the usage of refrigerants in commercial air conditioning systems. Many of the refrigerants used in industrial air conditioning systems contain substances that might be harmful to the environment. These substances have the potential to exacerbate climate change, global warming, and ozone depletion. Due to their detrimental effects on the ozone layer, refrigerants like chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) have been prohibited or phased out. However, a lot of alternative refrigerants, such as hydrofluorocarbons (HFCs), have a significant potential to warm the planet and cause climate change.

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Consumers are increasingly asking for air conditioning systems that offer better comfort, energy economy, and customization as a result of the development of smart technologies. Through a smartphone app or other device, owners of smart air conditioning systems may remotely adjust the temperature and settings of their air conditioning units. Additionally, they include features like automated temperature management, scheduling, and energy monitoring that may help consumers lower their carbon footprint and save money on their electricity bills. The market for these products is anticipated to increase as more people come to understand the advantages of smart air conditioning systems. This offers a chance for businesses that specialize in creating and producing these systems to tap into this growing market and gain a competitive advantage. These factors are anticipated to boost commercial air conditioning system market opportunities in the upcoming years.

The global commercial air conditioning system market share is segmented based on type, installation type, end-user, and region. By type, it is classified into VRF, ducted split/packaged unit, split units, room ACs, and others. By installation type, it is classified into new installation and retrofit. By end-user, it is classified into office and buildings, hospitality, supermarkets/hypermarkets, transportation, government, healthcare, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the commercial air conditioning system market analysis report include Carrier.; DAIKIN INDUSTRIES, Ltd; FUJITSU GENERAL; Haier Inc; Hitachi, Ltd.; LG Electronics.; Mitsubishi Electric Corporation; Panasonic Corporation; SAMSUNG; and AIREDALE INTERNATIONAL AIR CONDITIONING LTD.

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Impact of COVID-19 on the Global Commercial Air Conditioning System Industry

- The global market for commercial air conditioning systems has been significantly impacted by the COVID-19 outbreak. The market has been impacted by changes in demand and preferences among building owners and operators as well as the economic slump brought on by the pandemic. However, various sectors such as construction and automotive were negatively impacted by the COVID-19 pandemic which also affected the production and demand for commercial air conditioning systems due to a disrupted supply chain. - COVID-19 impacted almost all industries, and commercial air conditioning system-producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, and shortage of labor; the fear of contracting the novel coronavirus led to sluggish demand in the market. - Social distancing norms, closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global commercial air conditioning system market.

Key Findings of the Study

- Based on type, the VRF sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest-growing sub-segment during the forecast period. - Based on installation type, the retrofit sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the coming years. - Based on end users, the office and buildings sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the upcoming years. - Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the commercial air conditioning system market forecast period.

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Though the refrigeration coolers market growth was disrupted to a certain extent by COVID-19 in the last couple of years, the manufacturing sector is expected to pick up the pace gradually in the coming months. The refrigeration coolers market is predicted to move forward at a moderate pace with a CAGR of 5.6% from 2023 to 2033, following the refrigeration coolers market analysis by Future Market Insights (FMI). The refrigeration coolers market is anticipated to garner a revenue of about US$ 5 Billion by 2027, with the abovementioned factors holding sway over the market. Customized walk-in refrigerator installation has grown in popularity in recent years, emphasizing the importance of efficient refrigeration in commercial applications. The use of safety equipment is required when working with ammonia-based refrigeration systems. Gain expert insights and supercharge your growth strategies. Request our market overview sample now: https://www.futuremarketinsights.com/reports/sample/rep-gb-14275 Ammonia, when combined with certain hydrocarbons, is a flammable and corrosive refrigerant that has been shown to be lethal when inhaled. As a result, the demand for refrigeration coolers is reduced. In the wake of the COVID-19 pandemic, increased demand for online grocery shopping and frozen food has prompted e-commerce companies to invest in refrigerated warehouses and cold storage, thereby facilitating the adoption of refrigeration coolers. Key Takeaways From the Market Study: Based on product type, medical refrigeration is likely to gain traction, thereby influencing the emerging trends in the refrigeration coolers market trends, given the rising graph of commercial refrigerators for salein hospitals and other medical facilities, particularly in emerging economies. By application, the refrigeration coolers market is projected to be dominated by commercial applications owing to its wide array of applications. These coolers are helpful concerning commercial fridges, such as beverage fridges By refrigerant type, ammonia is expected to lead the industrial refrigeration marketas it is a common refrigerant in industrial refrigeration systems worldwide and meets the low-GWP standard. As per the refrigeration coolers market outlook, the supermarket segment is estimated to account for the largest share of the global refrigeration marketby end-use. The refrigerator coolers market is forecasted to reach US$ 3.6 Billion by mid-2022. “The refrigerated cooler market in Asia-Pacific is expected to grow at the fastest rate where A.P.A.C. includes countries like China, India, and Japan, which are global leaders in terms of refrigerated warehouse capacity, and global market players are seeing strong demand from countries like China, India, Japan, and South Korea, where a high demand for food primarily drives population growth, and in turn broadening the refrigeration coolers market opportunities.” says an F.M.I. researcher. Key Segments By Application:   Commercial Industrial By Component Type: Evaporators Air Coolers Condensers By Refrigerant Type: HFC/HFO NH3 CO2 Glycol Others By Region: North America Europe Latin America Asia Pacific Middle East and Africa  

[chemicalsources]

Blowing Agents Market Odyssey Charting a Course Towards Green Growth

Hydrocarbon blowing agents are gases or liquids that produce a foaming effect when mixed with polymers and help in improving the insulative properties of polymers. They are used in the manufacture of various insulation materials such as polyurethane foams used in construction, packaging, furniture, bedding, and automobile industries. These blowing agents help decrease the conductivity of heat through solid materials, thereby enhancing their insulative properties. Some key uses of hydrocarbon blowing agents include usage in spray foams for sealing buildings, insulation for pipes and ducts, insulation for walls, insulation for refrigerators and freezers, cushioning in furniture and packaging fill.

The global Hydrocarbon Blowing Agents Market is estimated to be valued at US$ 4.90 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics Their wide usage in insulation materials and growth of end use industries: Hydrocarbon blowing agents find extensive applications in the manufacture of insulation materials used across various end use industries such as construction, packaging, furniture, and automotive. The robust growth of these industries especially in emerging economies of Asia Pacific and Central and South America is expected to propel the demand for hydrocarbon blowing agents during the forecast period. According to statistics, the global construction industry is expected to witness a 3.5% growth during 2023-2027. Similarly, furniture industry is projected to grow at a CAGR of 4-5% during 2023-2028. This widespread usage of hydrocarbon blowing agents in insulation materials coupled with sturdy growth of end user industries will augment the market growth over the forecast period. SWOT Analysis Strength: Blowing Agents are used across various industries like construction, packaging, automotive which creates consistent demand. They provide low-density and high-performance insulation properties to foams. Their ability to replace HCFCs and CFCs has reduced environmental impact. Weakness: Stringent regulations around the use of certain blowing agents like HFCs limit their application. Volatility in raw material prices affects the cost of blowing agents. Dependence on base polymer prices exposes the market to supply chain disruptions. Opportunity: Rising construction activities in developing nations boost the consumption of polyurethane and polystyrene foams. Growing demand for energy-efficient buildings and appliances expands the blowing agents market. Developing bio-based and low GWP blowing agents present opportunities. Threats: Shift towards green building standards and sustainable materials impact the market. Substitute blowing agents like carbon dioxide and water pose competition. Economic downturns affect the construction, packaging, and automotive industries.

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Cooling the Future: Emerging Green Technologies in Cooling

Green cooling technologies market refer to eco-friendly freezing, which cause minimum negative impacts on environment. The main components that specify the meaning of green cooling technologies are — energy efficient and friendly refrigeration. These organic refrigerants do not produce persistent residues in the atmosphere, leading to zero pollution. The emission of harmful greenhouse gases such as chlorofluorocarbons, hydro fluorocarbons, and halogens are accelerating acceptance of green cooling technologies. Expanding populace depend on a worldwide scale, combined with quick urbanization is offering rise to an expanding demand for HVACs (heating, ventilation, and cooling). Air conditioning systems cause emission of ozone harming substances, which negatively affects the earth. So as to decrease greenhouse emission, green cooling advances are being coordinated with HVACs nowadays. Harmful effects of climate change, which is a direct result of greenhouse gas emission have elevated concerns among various non-profitable organization working for the improvement of the environment. Increasing initiatives and support from such organization is also expected to increase the demand for green cooling technologies in upcoming years.

Covid-19 scenario analysis:

The global market for green cooling technologies is severely impacted by the outbreak of the COVID-19 pandemic.

The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.

Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.

Thus, insufficiency in raw material supply is expected to hamper the production rate of green cooling technologies, which negatively impact the market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The green cooling technologies market is anticipated to observe a remarkable development because of rise in emission of greenhouse gases for example CFCs and HFCs. The prime emission of outflow of these gases is refrigerators and cooling gear. Different government arrangements and guidelines with respect to the selection of economical and innovative cooling technologies that use natural refrigeration in nations and worldwide are assessed to support the development of the market during the forecast time period. Such improved advancements are foreseen to decrease GHGs discharges and upgrade the energy efficiency.

One of the major limiting factors concerning the growth of green cooling technologies is the high production cost related with the establishment of these equipments. Moreover, the technology is quite new and requires specific hardware alongside knowledge about the equipment. Along these lines, because of due to lack of presence of trained personnel and spare parts required for installation of this equipment the growth of the market is expected to decline during the forecast period.

New product launches to flourish the market

Cooltech Applications, a main magnetic refrigeration organization, has reported the accessibility of the primary business attractive cooling framework for its attractive refrigeration framework (MRS) product offering. The magnetic cooling framework uses a water coolant rather than a refrigerant gas — a significant supporter of environmental change — bringing about an eco-friendly solution that consume minimum energy. The magnetic unit functions at low pressure with low rotational speed almost eliminating vibrations, cutting noise to less than 35 decibels and reducing the maintenance costs.

Surge in use in mobile air conditioning applications

As the automotive industry is increasing with respect to the customers segment, it is augmenting the demand for mobile air conditioner. MAC can be used in all transport models like cars, buses, trains and trucks. Due to its portable feature its demand is increasing. Automotive industry is getting a high boost with MAC. With more advancement and innovation in green cooling technologies, more demand will increase of its in different sectors.

Key benefits of the report:

This study presents the analytical depiction of the global Green Cooling Technologies market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Green Cooling Technologies market.

The current market is quantitatively analysed to highlight the global Green Cooling Technologies market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed global green cooling technologies market analysis based on competitive intensity and how the competition will take shape in coming years.

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Surging Demand for Consumer Appliances to proliferate the Refrigerant Market!

A comprehensive overview of the refrigerant market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the refrigerant market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The Refrigerant Market is likely to showcase a growth of around 8% during the forecast period (2022-2028).

Market Overview

A refrigerant is a mixture of fluid substances that are utilized in the refrigeration or heat pump cycle. It changes from liquid to gas during the refrigeration cycle. Refrigerants are employed because of their non-corrosive characteristics, high heat of vaporization, moderate liquid density, and high gaseous density. Furthermore, there is a variety of compounds with refrigerant qualities, such as HCFC, HFC, HFO, and others. Air conditioning systems for the construction, chemical, pharmaceutical, and food industries are the most common uses of refrigerants.

The growth of the market is influenced by the factors such as the growing demand for refrigerants in commercial & industrial refrigeration, air conditioning system, and others. Moreover, urbanization and improvement in the standard of living led to high demand for air conditioners helping in the growth of the refrigerant market.

COVID-19 Impact

The Refrigerant market has been negatively impacted by the COVID-19 pandemic. This is due to interruptions in value chains induced by the closure of national and international borders in 2020, numerous sectors had to slow down their operations, resulting in decreased demand for refrigerants. The COVID-19 epidemic produced price fluctuations in raw materials used to make refrigerants. As a result, in 2020, the refrigerant market is predicted to increase at a negative rate. However, from 2021 onwards, demand is predicted to pick up and persist throughout the forecast period.

Refrigerant market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily bifurcated into:

Fluorocarbons

Hydrocarbons

Inorganic refrigerant

Others

Based on type, the market is segmented into fluorocarbons, hydrocarbons, inorganic refrigerants, and others.   The inorganic refrigerant segment is expected to witness the highest CAGR during the forthcoming years. Inorganic refrigerants consist of inorganic compounds (which do not contain carbon-hydrogen bond) used primarily as refrigerants such as R718, 717, and 744. The benefits of these refrigerants such as non-toxic, environment friendly, inexpensive & non-flammable are contributing to the market growth.

 By Application, the market is primarily bifurcated into:

Residential

Commercial

Industrial

Based on the application, the market is categorized into residential, commercial, and industrial. Amongst them, the commercial segment is expected to witness the highest CAGR during the forecast period. This is due to an increase in demand for infrastructural development in inter-country and the growing demand for air conditioners in commercial sectors. A rise in the number of hypermarkets/ supermarkets, malls, hospitals, and healthcare facilities is contributing to the growth of the market.

 Refrigerant Market Geographical Segmentation Includes:

North America

United States

Canada

Rest of north America

Europe

Germany

France

United Kingdom

Spain

Italy

Rest of Europe

Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific

Rest of World

For a better understanding of the market adoption of the Refrigerant market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. The Asia Pacific is projected to hold the largest share of the Refrigerant market by 2028 because of the increase in infrastructure development in emerging economies. actors such as a huge industrial base, increasing disposable income, increasing urbanization, and changing lifestyles are expected to drive the market for refrigerants in different application segments.

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The major players targeting the market includes:

Arkema S.A.

Dongyue Group Co. Ltd.

Honeywell International Inc.

The Chemours Company

The Linde Group

Air Liquide

Sinochem Lantian Co. Ltd.

Daikin Industries

Mexichem

Asahi Glass Corporation.

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Refrigerant market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

What are the latest trends, new patterns, and technological advancements in the Refrigerant market?

Which factors are influencing the Refrigerant market over the forecast period?

What are the global challenges, threats, and risks in the Refrigerant market?

Which factors are propelling and restraining the Refrigerant market?

What are the demanding global regions of the Refrigerant market?

What will be the market size in the upcoming years?

What are the crucial market acquisition strategies and policies applied by the companies?

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UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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Low GWP Refrigerants Market Size 2023-2035

Research Nester published a report titled “Low GWP Refrigerants”: Global Demand Analysis & Opportunity Outlook 2035” which delivers a detailed overview of the global low GWP refrigerants market in terms of market segmentation by type, application, by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The” global low GWP refrigerants market” is projected to grow at a CAGR of ~12% during the forecast period, i.e., 2023 – 2035. Factors such as, increasing demand for air conditioners, rising global warming, and phasing out of other refrigerants such as HCFC, HFC, and others are anticipated to propel the growth of the market during the forecast period. As of 2020, the global shipment of air conditioners was estimated to be around 6 million units. Additionally, a constantly developing cold chain logistics system is further estimated to push the market growth over the forecast period. As of 2020, the cold chain logistics industry was valued at about USD 250 billion. Additionally, by type, the global low GWP refrigerants market is segmented into fluorocarbons, hydrocarbons, and others. Out of these sub-segments, the hydrocarbons segment is estimated to obtain a notable share in the market during the forecast period. The growth of the segment can be accounted to its rising utilization as renewable hydrocarbon biofuel in the place of gas and petroleum. Based on the data released by Energy Information Administration (EIA), it was stated that in 2019, 293.83 thousand barrels of biodiesel were produced.

Furthermore, the global low GWP refrigerants market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the Europe region is estimated to grow at a noteworthy pace over the forecast period on the back of rising awareness of phasing out the utilization of HFC refrigerants. According to the European Economic Area, in 2017, more than 90% of Co2 was noticed to be emitted on account of HFCs. Moreover, the Asia Pacific region is projected to acquire the second-largest share in the market on the back of rising awareness of global warming.

The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

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Increasing Demand for Air Conditioners to Foster the Growth of the Market

As of 2018, the global demand for air conditioners was observed to be approximately 100 million units.

Multiple types of refrigerants are utilized in the home air conditioners for more efficient operation. The most common type of refrigerant utilized in air conditioners is R-454B. Refrigerants are capable of releasing and observing more heat and decreasing the risk of burnout in the compressor owing to overheating.  Therefore, such factors are anticipated to propel the growth of the market.

However, the availability of alternative refrigerants in the market is expected to operate as a key restraint to the growth of the global low GWP refrigerants market over the forecast period.

This report also provides the existing competitive scenario of some of the key players in the global low GWP refrigerants market which includes company profiling of Linde plc, Airgas, Inc., Sinochem Holdings Corporation Ltd., Tazzetti S.p.A., Puyang Zhongwei Fine Chemical Co., Ltd., Harp Internation Ltd., Shandong Yuean Chemical Industry Co., Ltd., A‑Gas International Limited, The Chemours Company, Arkema S.A. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global low GWP refrigerants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.