Secondary Refrigerants Market likely to reach beyond 710.7 Million USD by 2022 at a CAGR of 7.3%
[112 Pages Report] Secondary Refrigerants Market was valued at USD 470.9 Million in 2016 and is projected to reach USD 710.7 Million by 2022, at a CAGR of 7.3% between 2017 and 2022. The base year considered for this study is 2016 while the forecast period considered is 2017-2022.
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The glycols segment is estimated to account for the largest share of the Secondary Refrigerants Market in 2017, in terms of value. Glycol fluids can provide freeze protection for closed loop refrigeration systems, water-based heating, ventilation, and air conditioning (HVAC), and cooling systems. They help in lowering the freezing point of water.
The industrial refrigeration segment is estimated to be the largest application segment of the Secondary Refrigerants Market, in terms of both, value and volume, in 2017. The growth of this segment can be attributed to the adoption of environment-friendly refrigerants, and the need for reducing carbon emissions in developed and developing regions.
Key market players profiled in the report include The Linde Group (Germany), A-Gas International (UK), TAZZETTI S.P.A (Italy), The Dow Chemical Company (US), Eastman Chemical Company (US), Clariant AG (Switzerland), Arteco Coolants (Belgium), Temper Technology AB (Sweden), SRS Frigadon (UK), Hydratech (UK), Dynalene (US), Environmental Process Systems (UK), Gas Servei SA (Spain), Climalife Groupe Dehon (France), and Nisso Shoji Co. Ltd. (Japan).
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