Market Overview:
The global secondary refrigerants market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for secondary refrigerants in commercial and industrial refrigeration applications, and heat pumps. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market. Based on type, glycols are expected to lead the global secondary refrigerants market during the forecast period. This can be attributed to their high thermal stability and low toxicity levels as compared with other types of secondary refrigerants such as salt brines and carbon dioxide.
Product Definition:
A secondary refrigerant is a type of refrigerant that is used in addition to the primary refrigerant. It helps to improve the performance and efficiency of the system. Secondary refrigerants are important because they help to improve the overall performance of the system, and they can also help to reduce energy consumption.
Glycols:
Glycols are chemicals that are used as coolants or heat transfer fluids in refrigeration systems. They have a boiling point of 100 degrees Celsius and a freezing point of -40 degrees Celsius. The most common form of glycol is propylene glycol, which is used in air conditioners and freezers to prevent the formation of ice crystals and to maintain the temperature difference between the inside unit and outside environment.
Salt Brines:
A brine is a solution of salt and water. It is used as a source of sodium chloride (NaCl), the common mineral element, which has many applications in food processing, chemical processing, animal feed production and wastewater treatment industries.
The global secondary refrigerants market size was valued at USD 2.5 billion in 2016 and it is expected to grow at an estimated CAGR of XX% from 2017 to 2024.
Application Insights:
The industrial refrigeration segment led the global secondary refrigerants market in 2017 and is projected to witness significant growth over the forecast period. The industrial applications of S-grade SOR include food processing, dairy products, canning, meat & seafood processing and pharmaceuticals among others.
The commercial sector includes hotels and restaurants as well as retail stores that use cold storage facilities for maintaining product quality. These facilities are essential in providing frozen foods and beverages across various markets including Europe, North America and Asia Pacific regions. Air conditioning systems used in cars are considered to be one of the most effective cooling technologies owing to their ability to control temperature precisely within desired limits without affecting the performance of other systems such as engine or vehicle electronics.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization, coupled with increasing disposable income levels in emerging economies such as China and India. Furthermore, government initiatives encouraging domestic manufacturing are likely to boost industry growth over the forecast period.
Europe was estimated at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to stringent regulations regarding refrigerant usage that have been introduced by various regulatory bodies such as REACH legislation by EU Parliament and EPA by European Commission. These regulatory initiatives are projecteded driving demand for environmentally friendly products across Europe region which will further drive industry expansion over next eight years time frame.
Growth Factors:
- Increasing demand for secondary refrigerants in food and beverage industry
- Rising awareness about the benefits of using secondary refrigerants over traditional refrigerants
- Growing popularity of eco-friendly and energy-efficient cooling technologies
- Proliferation of small and medium-sized businesses that require cost-effective cooling solutions
- Technological advancements that improve the performance and efficiency of secondary refrigerants
Scope Of The Report
Report Attributes
Report Details
Report Title
Secondary Refrigerants Market Research Report
By Type
Glycols, Salt Brines, Carbon Dioxide, Others
By Application
Commercial Refrigeration, Industrial Refrigeration, Heat Pumps, Air Conditioning
By Companies
Linde Group, A-Gas International, Dow Chemical, Eastman, Clariant, Tazzetti, Arteco Coolants, Temper Technology, Srs Frigadon, Hydratech, Linde Group, Environmental Process Systems, Gas Servei, Climalife Groupe Dehon, Nisso Shoji
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Secondary Refrigerants Market Report Segments:
The global Secondary Refrigerants market is segmented on the basis of:
Types
Glycols, Salt Brines, Carbon Dioxide, Others
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
Commercial Refrigeration, Industrial Refrigeration, Heat Pumps, Air Conditioning
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:
- Linde Group
- A-Gas International
- Dow Chemical
- Eastman
- Clariant
- Tazzetti
- Arteco Coolants
- Temper Technology
- Srs Frigadon
- Hydratech
- Linde Group
- Environmental Process Systems
- Gas Servei
- Climalife Groupe Dehon
- Nisso Shoji
Highlights of The Secondary Refrigerants 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:
- Glycols
- Salt Brines
- Carbon Dioxide
- Others
- By Application:
- Commercial Refrigeration
- Industrial Refrigeration
- Heat Pumps
- Air Conditioning
- 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 Secondary Refrigerants 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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- Identifying Appropriate Advertising Appeals
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?
Secondary refrigerants are a class of chemicals used to cool and preserve air, food, and other objects. They are often more environmentally friendly than traditional refrigerants such as Freon, but they can also be less effective at cooling or preserving objects.
Some of the major companies in the secondary refrigerants market are Linde Group, A-Gas International, Dow Chemical, Eastman, Clariant, Tazzetti, Arteco Coolants, Temper Technology, Srs Frigadon, Hydratech, Linde Group, Environmental Process Systems, Gas Servei, Climalife Groupe Dehon, Nisso Shoji.
The secondary refrigerants market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Secondary Refrigerants 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 Secondary Refrigerants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Secondary Refrigerants 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 Secondary Refrigerants 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 Secondary Refrigerants Market Size & Forecast, 2018-2028
4.5.1 Secondary Refrigerants Market Size and Y-o-Y Growth
4.5.2 Secondary Refrigerants Market Absolute $ Opportunity
Chapter 5 Global Secondary Refrigerants 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 Secondary Refrigerants Market Size Forecast by Type
5.2.1 Glycols
5.2.2 Salt Brines
5.2.3 Carbon Dioxide
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Secondary Refrigerants 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 Secondary Refrigerants Market Size Forecast by Applications
6.2.1 Commercial Refrigeration
6.2.2 Industrial Refrigeration
6.2.3 Heat Pumps
6.2.4 Air Conditioning
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Secondary Refrigerants 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 Secondary Refrigerants 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 Secondary Refrigerants Analysis and Forecast
9.1 Introduction
9.2 North America Secondary Refrigerants 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 Secondary Refrigerants Market Size Forecast by Type
9.6.1 Glycols
9.6.2 Salt Brines
9.6.3 Carbon Dioxide
9.6.4 Others
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 Secondary Refrigerants Market Size Forecast by Applications
9.10.1 Commercial Refrigeration
9.10.2 Industrial Refrigeration
9.10.3 Heat Pumps
9.10.4 Air Conditioning
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 Secondary Refrigerants Analysis and Forecast
10.1 Introduction
10.2 Europe Secondary Refrigerants 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 Secondary Refrigerants Market Size Forecast by Type
10.6.1 Glycols
10.6.2 Salt Brines
10.6.3 Carbon Dioxide
10.6.4 Others
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 Secondary Refrigerants Market Size Forecast by Applications
10.10.1 Commercial Refrigeration
10.10.2 Industrial Refrigeration
10.10.3 Heat Pumps
10.10.4 Air Conditioning
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 Secondary Refrigerants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Secondary Refrigerants 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 Secondary Refrigerants Market Size Forecast by Type
11.6.1 Glycols
11.6.2 Salt Brines
11.6.3 Carbon Dioxide
11.6.4 Others
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 Secondary Refrigerants Market Size Forecast by Applications
11.10.1 Commercial Refrigeration
11.10.2 Industrial Refrigeration
11.10.3 Heat Pumps
11.10.4 Air Conditioning
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 Secondary Refrigerants Analysis and Forecast
12.1 Introduction
12.2 Latin America Secondary Refrigerants 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 Secondary Refrigerants Market Size Forecast by Type
12.6.1 Glycols
12.6.2 Salt Brines
12.6.3 Carbon Dioxide
12.6.4 Others
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 Secondary Refrigerants Market Size Forecast by Applications
12.10.1 Commercial Refrigeration
12.10.2 Industrial Refrigeration
12.10.3 Heat Pumps
12.10.4 Air Conditioning
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) Secondary Refrigerants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Secondary Refrigerants 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) Secondary Refrigerants Market Size Forecast by Type
13.6.1 Glycols
13.6.2 Salt Brines
13.6.3 Carbon Dioxide
13.6.4 Others
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) Secondary Refrigerants Market Size Forecast by Applications
13.10.1 Commercial Refrigeration
13.10.2 Industrial Refrigeration
13.10.3 Heat Pumps
13.10.4 Air Conditioning
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 Secondary Refrigerants Market: Competitive Dashboard
14.2 Global Secondary Refrigerants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Linde Group
14.3.2 A-Gas International
14.3.3 Dow Chemical
14.3.4 Eastman
14.3.5 Clariant
14.3.6 Tazzetti
14.3.7 Arteco Coolants
14.3.8 Temper Technology
14.3.9 Srs Frigadon
14.3.10 Hydratech
14.3.11 Linde Group
14.3.12 Environmental Process Systems
14.3.13 Gas Servei
14.3.14 Climalife Groupe Dehon
14.3.15 Nisso Shoji
