Natural Refrigerants Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Natural Refrigerants Market: By Type (Ammonia, Carbon Dioxide, Hydrocarbon, Others), Application (Industrial, Commercial, Domestic, Stationary & Mobile, Others), and Geography

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Report

Description

Natural Refrigerants Market size is valued at USD 1,563.2 million in 2021 and is expected to reach a value of USD 3,412.8 million by 2028, growing at a CAGR of 11.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the market and that can be segmented by type and application. By type, the natural refrigerants market has been segmented into ammonia, carbon dioxide, hydrocarbon and others. The carbon dioxide segment is likely to be the largest and fastest-growing segment in terms of type. Based on application, the market is segmented into industrial, commercial, domestic, stationary & mobile, and others. Among these, the industrial segment is expected to have the fastest-growing market during the forecast period 2022-2028.

 

Key Developments:

In April 2021, TEGA GmbH acquired the Austrian refrigerants section of Linde. With this transaction, TEGA wants to forge closer ties with Austria’s natural refrigerant users.

Natural Refrigerants Market

MARKET SUMMARY
-
11.8%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 11.8%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Natural Refrigerants Market

  • The report on global natural refrigerants market gives historical, current, and future market sizes (US$ Bn) on the basis of by type, application and geography.
  • The global natural refrigerants market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • The Linde Group
  • A-Gas International
  • Hess Corporation
  • Shecco
  • Sinochem
Natural Refrigerants Market Drivers

The market is positively impacted by various factors including the rise in consumer appliance sales around the world, the need for better maintenance of industrial equipment that needs a cold environment. Also, the expansion of different end-use industries, rapid urbanization, changes in lifestyle, high disposable income, and the existence of various compliances are other factors responsible for the market growth.


Asia-Pacific Got Significant Share

Natural Refrigerants Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period due to the substantial increase in the use of natural refrigerants in many end-use verticals. Europe is the region that produces the most in this market. Regional growth is aided by the development of the business sector and thriving automobile industry. Local companies have increased their production of natural refrigerants in response to the rising demand for air conditioners and refrigeration systems.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The natural refrigerants market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The natural refrigerants market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The natural refrigerants market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The natural refrigerants market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The natural refrigerants market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Natural Refrigerants Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The natural refrigerants market is projected to expand at a CAGR of 11.8% during the forecast period.

The major players in the global natural refrigerants market are The Linde Group, A-Gas, ternational, Hess Corporation, Shecco, Sinochem, Puyang Zhongwei Fine Chemical Co. Ltd., HyChill, Engas Australasia, Tazzetti SpA, Deepfreeze Refrigerants Inc., Shandong Yuan and Chemical Co. Ltd.

Asia Pacific is the fastest-growing region for natural refrigerants market


Report

Table Of Content

1. Executive Summary
2. Global Natural Refrigerants Market Introduction
2.1. Global Natural Refrigerants Market – Taxonomy
2.2. Global Natural Refrigerants Market –Definitions
2.2.1. By Type
2.2.2. By Application
2.2.3. By Region
3. Global Natural Refrigerants Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Natural Refrigerants Market Dynamic Factors – Impact Analysis
3.6. Global Natural Refrigerants Market – Competition Landscape
4. Global Natural Refrigerants Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Natural Refrigerants Market, By Type , 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
5.1. Ammonia
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Carbon Dioxide
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Hydrocarbon
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Others
5.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Natural Refrigerants Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
6.1. Industrial
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Commercial
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Domestic
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Stationary & Mobile
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Natural Refrigerants Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
7.1. North America
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Natural Refrigerants Market – Opportunity Analysis Index, By Type, Application, and Region, 2022-2028
8. North America Natural Refrigerants Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
8.1. By Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Ammonia
8.1.2. Carbon Dioxide
8.1.3. Hydrocarbon
8.1.4. others
8.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Industrial
8.2.2. Commercial
8.2.3. Domestic
8.2.4. Stationary & Mobile
8.2.5. Others
8.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Natural Refrigerants Market – Opportunity Analysis Index, By Type, Application, and Country, 2022-2028
8.5. North America Natural Refrigerants Market Dynamics – Trends
9. Europe Natural Refrigerants Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
9.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Ammonia
9.1.2. Carbon Dioxide
9.1.3. Hydrocarbon
9.1.4. others
9.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Industrial
9.2.2. Commercial
9.2.3. Domestic
9.2.4. Stationary & Mobile
9.2.5. Others
9.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Europe Natural Refrigerants Market – Opportunity Analysis Index, By Type, Application, and Country, 2022-2028
9.5. Europe Natural Refrigerants Market Dynamics – Trends
10. Asia-Pacific Natural Refrigerants Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
10.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Ammonia
10.1.2. Carbon Dioxide
10.1.3. Hydrocarbon
10.1.4. others
10.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Industrial
10.2.2. Commercial
10.2.3. Domestic
10.2.4. Stationary & Mobile
10.2.5. Others
10.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Natural Refrigerants Market – Opportunity Analysis Index, By Type,  Application, and Country, 2022-2028
10.5. Asia-Pacific Natural Refrigerants Market Dynamics – Trends
11. Latin America Natural Refrigerants Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
11.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Ammonia
11.1.2. Carbon Dioxide
11.1.3. Hydrocarbon
11.1.4. others
11.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Industrial
11.2.2. Commercial
11.2.3. Domestic
11.2.4. Stationary & Mobile
11.2.5. Others
11.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Natural Refrigerants Market – Opportunity Analysis Index, By Type , Application, and Country, 2022-2028
11.5. Latin America Natural Refrigerants Market Dynamics – Trends
12. Middle East and Africa Natural Refrigerants Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn) 
12.1. Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Ammonia
12.1.2. Carbon Dioxide
12.1.3. Hydrocarbon
12.1.4. others
12.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Industrial
12.2.2. Commercial
12.2.3. Domestic
12.2.4. Stationary & Mobile
12.2.5. Others
12.3. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Natural Refrigerants Market – Opportunity Analysis Index, By Type, Application, and Country, 2022-2028
12.5. MEA Natural Refrigerants Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Storage  Type  Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. The Linde Group
13.2.2. A-Gas International
13.2.3. Hess Corporation
13.2.4. Shecco
13.2.5. Sinochem
13.2.6. Puyang Zhongwei Fine Chemical Co. Ltd.
13.2.7.  HyChill, Engas Australasia
13.2.8. Tazzetti SpA
13.2.9. Deepfreeze Refrigerants Inc.
13.2.10. Shandong Yuan Chemical Co. Ltd.
14. Research Methodology
15. Key Assumptions and Acronyms

Report

Company Profile

  • The Linde Group
  • A-Gas International
  • Hess Corporation
  • Shecco
  • Sinochem
  • Puyang Zhongwei Fine Chemical Co. Ltd.
  • HyChill, Engas Australasia
  • Tazzetti SpA
  • Deepfreeze Refrigerants Inc.
  • Shandong Yuan Chemical Co. Ltd.

Description

Natural Refrigerants Market size is valued at USD 1,563.2 million in 2021 and is expected to reach a value of USD 3,412.8 million by 2028, growing at a CAGR of 11.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the market and that can be segmented by type and application. By type, the natural refrigerants market has been segmented into ammonia, carbon dioxide, hydrocarbon and others. The carbon dioxide segment is likely to be the largest and fastest-growing segment in terms of type. Based on application, the market is segmented into industrial, commercial, domestic, stationary & mobile, and others. Among these, the industrial segment is expected to have the fastest-growing market during the forecast period 2022-2028.

 

Key Developments:

In April 2021, TEGA GmbH acquired the Austrian refrigerants section of Linde. With this transaction, TEGA wants to forge closer ties with Austria’s natural refrigerant users.

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