Next Generation Refrigerants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Natural Refrigerants, Hydrofluoro Olefins & Others), By Application (Air Conditioning, Refrigeration, Heat Pump & Others), By End-Use (Residential, Industrial, Commercial & Transportation), By Region and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNext Generation Refrigerants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Natural Refrigerants, Hydrofluoro Olefins & Others), By Application (Air Conditioning, Refrigeration, Heat Pump & Others), By End-Use (Residential, Industrial, Commercial & Transportation), By Region and Competition
In 2020, the earth's surface temperature was around 0.98 Celsius degrees warmer than the 20th-century average.
Hydrofluorocarbons only account for 1% of total greenhouse gases
Next-generation refrigerants with little to no global warming potential (GWP) and ozone depletion potential include ammonia and tetrafluoro propene. Due to the growing demand for environmentally friendly production processes, the need for next-generation refrigerants is growing rapidly. The two next-generation refrigerants with zero ozone depletion potential (ODP) and global warming potential are natural refrigerants and hydrofluoroolefins and Others. These factors are expected to boost market expansion.
Growing Uses of Next Generation Refrigerants in a Variety of End-Use Industries
The use of Next Generation Refrigerants in a wide range of end-user industries, for instance, food & beverage, pharmaceuticals, personal care, and industrial, is expected to increase the growth of the overall market at a substantial rate. Moreover, HFCs are frequently used as refrigerants because they are more effective at cooling and heating than other refrigerants. HFCs don't include chlorine; hence, they impact the ozone layer less. In addition, HFCs produce polymer foams as blowing agents, fire retardants, solvents in cleaning products, and plasma etching to manufacture semiconductors. All these factors are propelling the growth rate of the market.
Mergers & Acquisitions
Recent Developments
A new technology called life-cycle climate performance (LCCP), developed by the University of Maryland College Park (UMCP) in collaboration with the Air Conditioning, Heating, and Refrigeration Technology Institute (AHRTI) can estimate the effectiveness and performance of a typical commercial refrigeration system with alternative refrigerants and minor system modifications to provide lower-GWP refrigerant solutions with improved LCCP in comparison to baseline systems.
New Product Launches
Daikin launched the first R-32 refrigerant-powered residential air conditioner. R-32 transfers heat at a much higher rate and can reduce energy consumption by up to 10% compared to R-22 and R-410A. Moreover, R-32 reduces global warming and the carbon footprint and has a significantly lower environmental impact. They have only 1/3 of the global warming potential (GWP) of R-410A and an ozone depletion of 0.
Koura recently developed two refrigerants, Koura Klea 473A and Koura Klea 456A. Koura Klea 473A can reduce at an overwhelming rate of +85% global warming potential (GWP) and perform efficiently even in adverse conditions like low temperatures. In contrast, Koura Klea 456A is economical and a substitute for 134a, which can reduce global warming potential (GWP) by up to 50%.
Market Segmentation
Global Next Generation Refrigerants Market is segmented based on
Market players
Honeywell International, Zhejiang Juhua, Arkema, Daikin, Chemours, SRF Limited, Tazzetti S.p.A, ASPEN Refrigerants, The Chemours Company, and The Linde Group are some of the key players operating in the market.
|
Attribute |
Details |
|
Base Year
|
2022 |
|
Historic
Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2023-2028 |
|
Report
coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
covered |
·
By Type ·
By Application ·
By End-Use |
|
Regional
scope |
Europe, North
America, Asia Pacific, Middle East & Africa |
|
Country
scope |
Germany; France; United Kingdom; Russia; Sweden; Denmark;
Switzerland; United States; Canada; Mexico; China; India; Japan; Australia;
South Korea; South Africa; UAE, Saudi Arabia. |
|
Key
companies profiled |
DuPont,
Asahi Kasei Corporation, JRS Pharma, Roquette Frères, Mingtai Chemical Co.
Ltd., Chemfield Cellulose, Accent Microcell Pvt. Ltd., JRS Pharma,
Pharmatrans-Sanaq AG and DFE Pharma |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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