The latest report by IMARC Group, titled “Refrigerant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” finds that the global refrigerant market share reached US$ 23.2 Billion in 2019. Refrigerants refer to chemical compounds that are used in vapor compression refrigeration systems to carry heat from the system release it to the atmosphere. The refrigerant goes through a series of vapor to liquid phase changes during the process. The earliest type of refrigerants were chlorofluorocarbon (CFC) compounds. However, they were identified as one of the greenhouse gases, and their production and use were restricted by the Montreal Protocols to combat climate change and protect the ozone layer. CFCs have...