In a recent research report by Maximize Market Research, the Natural Refrigerants market is expected to surpass US $1.80 billion by the year 2027, from US $1.35 billion in 2020.
The Natural Refrigerants market Trends:
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the Market is observed to pick up at a quick pace, registering a CAGR of almost 4.95% during the tenure of 2021-2027.
Based on the scarcity of resources in various parts of the world, the COVID-19 epidemic has wreaked havoc on the manufacturing and industrial industries. The distribution networks have been severely impacted as a result of global lockdowns. COVID-19 had an impact on international trade, exports, and imports, as well as a significant drop in industrial demand. The largest market players aim to clear their inventory and focus on maintaining their cash balances. Companies have also stopped investing in newer research and development, instead of relying on existing items. As a result, the market for Natural Refrigerants has plummeted over this time.
The report published by Maximize encompasses the market dynamics which could affect the market growth of natural refrigerants in the region, the Value-Chain Analysis, and Porter’s Analysis for the market at a global level.
The study is consolidated based on segments and further into sub-segments, based on Type (Ammonia (R-717), Carbon Dioxide (R-744), Methane (R-50), Ethane (R-170), Propane (R-290), Butane (R-600), Isobutane (R-600a), Ethylene (R-1150), Propylene (R-1270), Water (R-718), and Others), and Application (Refrigerators (Industrial, Commercial, and Domestic), Air Conditioning Systems (Stationary, Chillers, Heat Pumps, and Others)).
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players – Airgas Refrigerants Inc., Puyang Zhongwei Fine Chemical Co. Ltd., The Linde Group, Shangdong Yueon Chemical Co. Ltd., Tazzetti S.P.A, A-Gas International, Engas Australasia, Sinochem Group, Asahi Glass Corporation, SRF Limited, Hess Corporation, General Utilities, HyChill, Cooling India, Cool Tech System, The Chemours, Mexfluor India Pvt. Ltd., Gujarat Fluorochemicals Limited, and Others.
You can browse the market data tables and figures spread through a comprehensive research report and an in-depth TOC on the “Global Natural Refrigerants Market.”
https://www.maximizemarketresearch.com/market-report/global-natural-refrigerants-market/118102/
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