Secondary Refrigerants Market An Insight On The Important Factors And Trends Influencing The Market

The Global Secondary Refrigerants Market is projected to reach a value of over USD  903.8 million by 2027 at a CAGR of around 5.8%.

Secondary refrigerants are usually liquids and are used to transfer heat from the substance being cooled to a heat exchanger where the heat is absorbed by a primary refrigerant. They are non-toxic and incombustible and are safer to use and help lower environmentally-harmful primary refrigerants. Secondary refrigerants offer various benefits over the primary refrigerant. For instance, do not undergo any phase change, they help minimize pressure losses in the vapor compression cycle, thereby increasing efficiency. Air conditioning and other high-temperature applications use chilled water while low-temperature applications use glycols, brines and oils as secondary refrigerants.

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Secondary Refrigerants Market: Drivers & Restraints

Market Driver:

  • Phasing Out of CFCs, HCFCs, and HFCs Refrigerants

Fluorinated gases know as F-gases are a range of synthetic refrigerants that trap heat in the atmosphere and contribute to global warming. The most common F-gases are hydrofluorocarbons (HFCs), ChloroFluoroCarbons (CFCs), and HydroChloroFluoroCarbons (HCFCs) which are typically used in refrigeration and air-conditioning applications. To reduce greenhouse gas emission and mitigate climate change, the F- gas regulation entered into the force to reduce the use of F-gases and impose a service ban on use with high Global Warming Potentials (GWP >2,500) like R-404A, R-507 and R-422D.  thus, the phasing out of CFCs, HCFCs, and HFCs refrigerants has increased the demand for secondary refrigerants.

Market Opportunities:

  • Increasing Demand for Natural Refrigerants

Natural refrigerants are synthesized through biochemical processing natural resources. Growing concern regarding global warming and other environmental issues has increased the use of natural refrigerants. Natural refrigerants such as ammonia, carbon dioxide, and hydrocarbons are processed from natural resources and are more eco-friendly as compared to conventional refrigerants. Natural refrigerants available in the market include ammonia, carbon dioxide, and hydrocarbons. Among hydrocarbons, the commonly used refrigerants include iso-butane, propane, and propylene. Natural refrigerants are chieflyemployed in industrial, commercial, and domestic refrigeration systems. Apart from these, natural refrigerants are consumed in mobile air conditioning and stationary air conditioning. Thus, the increasing demand for natural refrigerant has expected to create a market opportunity for key players.

Secondary Refrigerants Market: Key Segments

  • Segmentation based on type: Glycol, Salt Brine, Carbon Dioxide, and Others.
  • Segmentation based on application: Oil & Gas, Food & Beverages, Pharmaceuticals, Chemical, Plastics, and Others.
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

Secondary Refrigerants Market: Report Scope

The report on the Secondary refrigerants market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered

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List of the leading companies operating in the Secondary Refrigerants Market include:

  • Linde Plc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Dow
  • A-Gas
  • Eastman Chemical Company
  • Clariant
  • Tazzetti S.P.A
  • Arteco Coolants
  • Temper Technology Ab
  • Srs Frigadon
  • Hydratech
  • Dynalene Inc.
  • Environmental Process Systems Limited
  • Gas Servei Sa
  • Climalife Groupe Dehon
  • Nisso Shoji Co. Ltd.

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Secondary Refrigerants Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Secondary refrigerants Market, by Type

  • Glycol
    • Propylene Glycol
    • Ethylene Glycol
  • Salt Brines
    • Calcium Chloride
    • Potassium Formate
    • Potassium Acetate
  • Carbon Dioxide
  • Others

Secondary refrigerants Market, by Application

  • Oil & Gas
  • Food & Beverages
  • Pharmaceuticals
  • Chemical
  • Plastics
  • Others

Secondary Refrigerants Market by Region

·         Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)

·         North America (US, Canada, Mexico)

·         Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)

·         Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

·         South America (Brazil, Argentina, Rest of South America)

Table of Content-

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Low Environmental Impact
      2. Phasing Out of CFCS, HCFCS, and HFCS Refrigerants
    3. Restraint
      1. High Capital Investment
    4. Opportunities
      1. Increasing Demand for Natural Refrigerants
    5. Challenges
      1. Safety Issue
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL SECONDARY REFRIGERANTS MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Glycol
      1. Propylene Glycol
      2. Ethylene Glycol
    3. Salt Brines
      1. Calcium Chloride
      2. Potassium Formate
      3. Potassium Acetate
    4. Carbon Dioxide
    5. Others
  7. GLOBAL SECONDARY REFRIGERANTS MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Oil & Gas
    3. Food & Beverages
    4. Pharmaceuticals
    5. Chemical
    6. Plastics
    7. Others
  8. GLOBAL SECONDARY REFRIGERANTS MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  9. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  10. COMPANY PROFILES
    1. Linde Plc.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Dow
    3. A-Gas
    4. Eastman Chemical Company
    5. Clariant 
    6. Tazzetti S.P.A
    7. Arteco Coolants
    8. Temper Technology Ab
    9. Srs Frigadon
    10. Hydratech
    11. Dynalene Inc.
    12. Environmental Process Systems Limited
    13. Gas Servei Sa
    14. Climalife Groupe Dehon
    15. Nisso Shoji Co. Ltd.
    16. Other Key Companies
  11. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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