Secondary Refrigerants Market Size, Trends, Shares, and Forecast - 2031

MARKET INTRODUCTION

Secondary refrigerants are liquids which are being used in an air conditioning system. The prime purpose of secondary refrigerant is to transfer heat from material that is being cooled; to the heat exchanger where heat is absorbed by the primary refrigerant. Chilled water is being used as a secondary refrigerant in high-temperature applications. Brines, glycols, and oils are used as secondary refrigerants in low-temperature applications. Secondary refrigerants are used as the transportation medium of cooling capacity in large air refrigeration plants. Secondary refrigerants have properties such as non-corrosive, inexpensive, high specific heat, excellent heat transfer characteristics, chemically stable, low viscosity, etc. Secondary refrigerants such as calcium chloride brine, propylene glycol, etc. are applied in different low-temperature applications like industrial refrigeration, commercial refrigeration, heat pumps, and others.

MARKET DYNAMICS

Increasing demand for lower primary refrigerants charge and minimization of adverse environmental effects will drive the growth of secondary refrigerants market. Rising demand for alternatives of chlorofluorocarbon and hydrochlorofluorocarbon will further increase the demand for secondary refrigerants market. Predominantly, the high cost of investment required for secondary refrigerants, which may hamper the growth of secondary refrigerants market. However, increasing demand for natural refrigerants will create opportunities for secondary refrigerants market.

MARKET SCOPE

The "Secondary refrigerants Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the secondary refrigerants market with detailed market segmentation by type, application, and region. The secondary refrigerants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading secondary refrigerants market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The secondary refrigerants market is segmented on the basis of type, application. On the basis of type, the secondary refrigerants market is segmented into, glycols, salt brines, carbon dioxide, others. On the basis of application, the secondary refrigerants market is segmented into, industrial refrigeration, commercial refrigeration, heat pumps, air conditioning, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the secondary refrigerants market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The secondary refrigerants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the secondary refrigerants market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the secondary refrigerants market in these regions.

MARKET PLAYERS

The reports cover key developments in the secondary refrigerants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from secondary refrigerants market are anticipated to lucrative growth opportunities in the future with the rising demand for secondary refrigerants in the global market. Below mentioned is the list of few companies engaged in the secondary refrigerants market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the secondary refrigerants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• A-Gas International
• Arteco Coolants
• Clariant AG
• Eastman Chemical Company
• Hydratech
• Srs Frigadon
• Tazzetti S.P.A
• Temper Technology Ab
• The DOW Chemical Company
• The Linde Group

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Secondary Refrigerants Report Scope