Market Overview:
The global inorganic refrigerant market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling systems across the globe. Inorganic refrigerants are non-flammable and have low global warming potential (GWP), which makes them an ideal choice for various applications, such as chillers, heat pumps, and others. The ammonia segment is expected to lead the global inorganic refrigerant market during the forecast period owing to its high efficiency and low GWP. The CO2 segment is projected to grow at a higher CAGR than other segments during the forecast period due to its growing popularity as a natural refrigerant across various end-use industries.
Product Definition:
Inorganic refrigerants are the chemicals used in refrigeration and air conditioning systems which do not contain carbon. They include ammonia, sulfur dioxide, and methyl chloride. These refrigerants are important because they are non-toxic, non-flammable, and have a low global warming potential.
Ammonia:
Ammonia is a colorless and highly toxic gas with a suffocating odor. It is the most basic compound of all inorganic compounds. Ammonia can be produced by several methods, but the most common one used these days is by using natural gas that has been extracted from coal or fossil fuels.
CO2:
CO2 is a colorless and non-flammable gas, which is widely used as an insulator in commercial refrigeration equipment. It has the ability to absorb heat from the surroundings and thus acts as a cooling agent. CO2 can be produced by several methods including thermal cracking of carbon monoxide (CO) or by electrolysis of water. The major applications include food processing, beverage processing, dairy products processing and meat & seafood processing industries.
Application Insights:
The chillers segment held the largest market share of over 40% in 2017. The growing food and beverage industry across the globe is expected to drive demand for refrigerants, thereby propelling growth. In addition, increasing use of chillers in commercial and industrial applications is anticipated to fuel demand over the forecast period.
Heat pumps are projected to witness significant growth owing to their ability to utilize waste heat generated by refrigeration equipment along with air conditioning systems. Growing awareness regarding energy conservation among consumers coupled with government initiatives promoting adoption of environment-friendly products is expected drive product demand for heat pump application globally over the forecast period.
Regional Analysis:
Asia Pacific dominated the global inorganic refrigerant market and accounted for over 45% of the total revenue share in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from residential, commercial and industrial applications. Increasing disposable income levels coupled with rapid urbanization across emerging economies such as India and China are projected to be key factors driving regional product demand.
The presence of a large number of manufacturers coupled with rising capacity expansions is also anticipated to drive industry growth over the coming years. In addition, growing environmental concerns have resulted in stringent government regulations regarding refrigerants usage which is further expected to augment industry size by 2030.
Growth Factors:
- Increasing demand for energy-efficient appliances
- Stringent environmental regulations worldwide
- Rising disposable income of consumers in developing countries
- Technological advancements in refrigerant manufacturing process
- Growing popularity of low global warming potential (GWP) refrigerants
Scope Of The Report
Report Attributes
Report Details
Report Title
Inorganic Refrigerant Market Research Report
By Type
Ammonia, CO2, Others
By Application
Chillers, Heat Pumps, Others
By Companies
Air Liquide (Airgas Refrigerants Inc.), Linde Group, Dongyue Group, Chemours Company, Sinochem Corporation, Harp International, Gas Servei S.A, Refrigerant Solutions, Mexichem S.A.B. De C.V, Asahi Glass
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Inorganic Refrigerant Market Report Segments:
The global Inorganic Refrigerant market is segmented on the basis of:
Types
Ammonia, CO2, 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
Chillers, Heat Pumps, Others
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:
- Air Liquide (Airgas Refrigerants Inc.)
- Linde Group
- Dongyue Group
- Chemours Company
- Sinochem Corporation
- Harp International
- Gas Servei S.A
- Refrigerant Solutions
- Mexichem S.A.B. De C.V
- Asahi Glass
Highlights of The Inorganic 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:
- Ammonia
- CO2
- Others
- By Application:
- Chillers
- Heat Pumps
- Others
- 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 Inorganic 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer 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?
An inorganic refrigerant is a chemical that is used to cool objects or spaces. These chemicals are not made from elements found on Earth, and they do not release heat when they evaporate.
Some of the major companies in the inorganic refrigerant market are Air Liquide (Airgas Refrigerants Inc.), Linde Group, Dongyue Group, Chemours Company, Sinochem Corporation, Harp International, Gas Servei S.A, Refrigerant Solutions, Mexichem S.A.B. De C.V, Asahi Glass.
The inorganic refrigerant market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Inorganic Refrigerant Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Inorganic Refrigerant Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Inorganic Refrigerant Market - Supply Chain
4.5. Global Inorganic Refrigerant Market Forecast
4.5.1. Inorganic Refrigerant Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Inorganic Refrigerant Market Size (000 Units) and Y-o-Y Growth
4.5.3. Inorganic Refrigerant Market Absolute $ Opportunity
5. Global Inorganic Refrigerant Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Inorganic Refrigerant Market Size and Volume Forecast by Type
5.3.1. Ammonia
5.3.2. CO2
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Inorganic Refrigerant Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Inorganic Refrigerant Market Size and Volume Forecast by Application
6.3.1. Chillers
6.3.2. Heat Pumps
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Inorganic Refrigerant Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Inorganic Refrigerant Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Inorganic Refrigerant Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Inorganic Refrigerant Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Inorganic Refrigerant Demand Share Forecast, 2019-2026
9. North America Inorganic Refrigerant Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Inorganic Refrigerant Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Inorganic Refrigerant Market Size and Volume Forecast by Application
9.4.1. Chillers
9.4.2. Heat Pumps
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Inorganic Refrigerant Market Size and Volume Forecast by Type
9.7.1. Ammonia
9.7.2. CO2
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Inorganic Refrigerant Demand Share Forecast, 2019-2026
10. Latin America Inorganic Refrigerant Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Inorganic Refrigerant Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Inorganic Refrigerant Market Size and Volume Forecast by Application
10.4.1. Chillers
10.4.2. Heat Pumps
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Inorganic Refrigerant Market Size and Volume Forecast by Type
10.7.1. Ammonia
10.7.2. CO2
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Inorganic Refrigerant Demand Share Forecast, 2019-2026
11. Europe Inorganic Refrigerant Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Inorganic Refrigerant Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Inorganic Refrigerant Market Size and Volume Forecast by Application
11.4.1. Chillers
11.4.2. Heat Pumps
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Inorganic Refrigerant Market Size and Volume Forecast by Type
11.7.1. Ammonia
11.7.2. CO2
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Inorganic Refrigerant Demand Share, 2019-2026
12. Asia Pacific Inorganic Refrigerant Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Inorganic Refrigerant Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Inorganic Refrigerant Market Size and Volume Forecast by Application
12.4.1. Chillers
12.4.2. Heat Pumps
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Inorganic Refrigerant Market Size and Volume Forecast by Type
12.7.1. Ammonia
12.7.2. CO2
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Inorganic Refrigerant Demand Share, 2019-2026
13. Middle East & Africa Inorganic Refrigerant Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Inorganic Refrigerant Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Inorganic Refrigerant Market Size and Volume Forecast by Application
13.4.1. Chillers
13.4.2. Heat Pumps
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Inorganic Refrigerant Market Size and Volume Forecast by Type
13.7.1. Ammonia
13.7.2. CO2
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Inorganic Refrigerant Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Inorganic Refrigerant Market: Market Share Analysis
14.2. Inorganic Refrigerant Distributors and Customers
14.3. Inorganic Refrigerant Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Air Liquide (Airgas Refrigerants Inc.)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Linde Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dongyue Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chemours Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sinochem Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Harp International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Gas Servei S.A
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Refrigerant Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mexichem S.A.B. De C.V
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Asahi Glass
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
