Press Release

COVID-19 Impact Affects Refrigerant Market Globally in 2020

The Global Refrigerant Market is projected to gain impetus from rapid urbanization and improving lifestyle. These are likely to increase the demand for air-conditioning in commercial and residential infrastructures. Fortune Business Insights™ published this information in an upcoming report, titled, “Refrigerant Market Size, Share & Industry Analysis, By Type (Fluorocarbons, Hydrocarbons, Inorganic refrigerants, Others), By Application (Domestic, Industrial, Commercial, Air conditioning, Chillers, Variable refrigerant flow, Mobile air conditioning, Others) and Regional Forecast, 2019-2026.”

Fortune Business Insights™ lists out few of the renowned companies operating in the refrigerant market. They are as follows:

  • Honeywell International Inc.
  • Arkema S.A.
  • Mexichem SASRF Ltd.
  • The Chemours Company
  • Asahi Glass Corporation
  • Air Liquide
  • Dongyue Group Co. Ltd
  • du Pont Nemours & Co
  • Daikin Industries
  • The Linde Group
  • Sinochem Lantian Co. Ltd
  • Other key market players

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The report further states that refrigerants are mainly used in air-conditioning systems in food, pharmaceuticals, chemical, and building industries. It would positively affect the refrigerant market growth in the near future.

What Does the Report Contain?

  • An elaborate analysis of the refrigerant market trends, growth drivers, obstacles, opportunities, and other challenges.
  • Comprehensive details of the competitive developments, such as acquisitions, latest product launches, agreements, and expansions.
  • In-depth information about the key market potential, risks, and benefits.

Asia Pacific to Dominate: Rapid Industrialization Will Favor Growth

The market is geographically segregated into the Middle East and Africa, North America, Europe, Asia Pacific, and Latin America. Amongst them, Asia Pacific is considered to be the largest market owing to the ever-increasing industrialization and population. Also, the rising disposable income of people is aiding in the growing usage of air-conditioning in industrial as well as domestic sectors. It is set to augment the refrigerant market size in this region. Apart from that, high demand from the transportation and automotive sectors would also boost growth.

Europe and North America, on the other hand, are anticipated to showcase rising demand for ammonia, an inorganic refrigerant on account of its rapid usage in the food industry as well as the ongoing technological advancements. In the Middle East and Africa, increasing urbanization and industrialization are responsible for growth of the refrigerant market revenue. Apart from that, in South America, the growing population and enhancing lifestyle are set to give rise to more demand for domestic refrigeration.

This Research Report Provides Features Like;

  • Discover regional market opportunities and trends
  • Identify emerging market demand & dynamics
  • Market intelligence with quality and accuracy
  • Deliverable formats like PDF, PPT, cloud, etc
  • Benchmark against competitors & global industry
  • Explore competitive strategy & market share

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Key Players Involve in Mergers & Acquisitions to Strengthen Position in Market

The market consists of numerous big, small, and medium enterprises. They are focusing on product launches and mergers and acquisitions to gain a competitive edge and achieve maximum refrigerant market share during the forecast period. Below are some of the latest significant industry developments:

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Arthur Siegrist

By Arthur Siegrist

Arthur has nearly a decade of media experience. Before joining FBI Market News, he ran content operations of several local news journals. He also vast experience stock market, corporate communications, public relations, and digital marketing. Arthur holds a commerce degree from the University of Oakland and a post-graduate degree in English from NYU.