Global Refrigerant Market: Key Highlights
Global Refrigerant Market: Key Market Dynamics
Global Refrigerant Market: Regional Overview
In Asia Pacific, the refrigerant market is growing owing to ongoing industrialization in the region. In addition, higher inclination of the industrialist to invest in the efficient cooling and refrigeration system in the region is projected to further support the market growth. In addition to this, ongoing demand for the processed and frozen food products in the region coupled with expansion of the organized retail channel requiring higher count of deep freezers is anticipated to promote the market growth in Asia-Pacific.
Europe refrigerant market is expected to give rise to the growth of the environmental friendly refrigerant. The region takes prominent share in reducing the potential environment hazards caused due to the conventional high GWP refrigerant. The region continues to phase out the use of chemicals impacting the ozone layer, which in turn, boost the demand for alternative ecofriendly refrigerant.
Global Refrigerant Market: Key Players Overview
Danfoss is the Denmark based company that operates through manufacturing of the products such as compressor, condensing units, motors, pumps, sensors and transmitters, valves, heat exchangers and many more. The company provides refrigerants to meet the emerging regulations which are used in the industrial, commercial and domestic application.
With headquarters in the Unites States, Linde is the chemical company, formed by the merger of the German based Linde AG and US based Praxair. The company has its foothold in more than 100 countries by offering the products such as atmospheric gases, food grade gases, gas mixtures, refrigerants, pharmaceutical solutions, and shielding gas among others. The company generated annual sales of USD 28 billion in 2018.
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