Market Overview:
The global ammonia refrigerant market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ammonia refrigerants in various applications, such as industrial refrigeration, heavy commercial refrigeration, and transport refrigeration. In addition, stringent environmental regulations are also driving the demand for ammonia-based cooling systems over traditional HFC-based systems.
Product Definition:
An ammonia refrigerant is a type of cooling agent that uses ammonia as its main component. Ammonia refrigerants are used in a variety of applications, including commercial refrigeration, industrial processes, and home appliances.
PurityAbove 99%:
Purity Above 99% is a new term in the refrigerant industry. It means that the percentage of Ammonia in gaseous form does not exceed Y99.9%. The purity above 99% can also be referred to as PY99 or P+KAmmonia.
It has been observed that pure ammonia at normal room temperature has no smell.
PurityAbove 99.8%:
Purity Above 99.8% is also known as P99.8 or PA98%.
Application Insights:
The industrial application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. Ammonia refrigerants are used in a wide range of industries including food, chemical, paper and pulp, metalworking, petroleum refining among others. The growing use of ammonia refrigerants for air conditioning equipment in manufacturing facilities has resulted in increased product demand across various applications.
Ammonia is considered as an environmentally friendly chemical compound which does not cause damage to the ozone layer like other chemicals do. This makes it suitable for use throughout the world even though there are differences between different regions with respect to climatic conditions and government regulations pertaining to usage of such chemicals.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, coupled with rising commercial construction activities. In addition, rapid urbanization in emerging economies such as China and India has led to an increase in demand for air conditioning systems and refrigeration units for households and restaurants. This trend is projected to drive product demand across the region over the forecast period.
The European market held a significant share of global industry revenue owing to high R&D investments by major companies along with technological innovations pertaining ammonia refrigerants used across various industries including food & beverage, HVAC & refrigeration, pharmaceuticals among others.
Growth Factors:
- Increasing demand for ammonia refrigerant in food and beverage industry on account of its properties such as high efficiency, low environmental impact, and low noise levels.
- Growing demand for ammonia refrigerant in transportation sector owing to its ability to reduce fuel consumption and emissions.
- Rising popularity of ammonia-based systems over traditional HFCs-based systems due to their lower global warming potential (GWP).
- Stringent regulations by governments across the globe mandating the use of low GWP refrigerants in various applications is expected to boost the market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ammonia Refrigerant Market Research Report
By Type
PurityAbove 99%, PurityAbove 99.8%
By Application
Industrial Refrigeration, Heavy Commercial Refrigeration, Transport Refrigeration
By Companies
Danfoss Group, The Linde Group, Aditya Air Products, Dehon Group, National Refrigerants, Jai Maruti Gas Cylinders, Brooktherm Refrigeration, Sinochem Group, Engas Australasia, Harp International, Danfoss Group, A-Gas International, Hychill Australia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Ammonia Refrigerant Market Report Segments:
The global Ammonia Refrigerant market is segmented on the basis of:
Types
PurityAbove 99%, PurityAbove 99.8%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Refrigeration, Heavy Commercial Refrigeration, Transport Refrigeration
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Danfoss Group
- The Linde Group
- Aditya Air Products
- Dehon Group
- National Refrigerants
- Jai Maruti Gas Cylinders
- Brooktherm Refrigeration
- Sinochem Group
- Engas Australasia
- Harp International
- Danfoss Group
- A-Gas International
- Hychill Australia
Highlights of The Ammonia Refrigerant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PurityAbove 99%
- PurityAbove 99.8%
- By Application:
- Industrial Refrigeration
- Heavy Commercial Refrigeration
- Transport Refrigeration
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ammonia Refrigerant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ammonia refrigerant is a chemical compound that is used to cool and freeze objects. It is also used as a cleaning agent.
Some of the key players operating in the ammonia refrigerant market are Danfoss Group, The Linde Group, Aditya Air Products, Dehon Group, National Refrigerants, Jai Maruti Gas Cylinders, Brooktherm Refrigeration, Sinochem Group, Engas Australasia, Harp International, Danfoss Group, A-Gas International, Hychill Australia.
The ammonia refrigerant market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ammonia Refrigerant Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Ammonia Refrigerant Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ammonia Refrigerant Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Ammonia Refrigerant Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Ammonia Refrigerant Market Size & Forecast, 2020-2028 4.5.1 Ammonia Refrigerant Market Size and Y-o-Y Growth 4.5.2 Ammonia Refrigerant Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 PurityAbove 99%
5.2.2 PurityAbove 99.8%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Refrigeration
6.2.2 Heavy Commercial Refrigeration
6.2.3 Transport Refrigeration
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ammonia Refrigerant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ammonia Refrigerant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 PurityAbove 99%
9.6.2 PurityAbove 99.8%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Refrigeration
9.10.2 Heavy Commercial Refrigeration
9.10.3 Transport Refrigeration
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 PurityAbove 99%
10.6.2 PurityAbove 99.8%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Refrigeration
10.10.2 Heavy Commercial Refrigeration
10.10.3 Transport Refrigeration
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 PurityAbove 99%
11.6.2 PurityAbove 99.8%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Refrigeration
11.10.2 Heavy Commercial Refrigeration
11.10.3 Transport Refrigeration
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 PurityAbove 99%
12.6.2 PurityAbove 99.8%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Refrigeration
12.10.2 Heavy Commercial Refrigeration
12.10.3 Transport Refrigeration
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 PurityAbove 99%
13.6.2 PurityAbove 99.8%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Refrigeration
13.10.2 Heavy Commercial Refrigeration
13.10.3 Transport Refrigeration
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ammonia Refrigerant Market: Competitive Dashboard
14.2 Global Ammonia Refrigerant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danfoss Group
14.3.2 The Linde Group
14.3.3 Aditya Air Products
14.3.4 Dehon Group
14.3.5 National Refrigerants
14.3.6 Jai Maruti Gas Cylinders
14.3.7 Brooktherm Refrigeration
14.3.8 Sinochem Group
14.3.9 Engas Australasia
14.3.10 Harp International
14.3.11 Danfoss Group
14.3.12 A-Gas International
14.3.13 Hychill Australia