Secondary Refrigerants Market is expected to grow at a CAGR of 7.41% during the forecast period and market is expected to reach US$ 963.58 Mn. by 2029. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding secondary refrigerants market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to emerging segments in the secondary refrigerants market. Secondary Refrigerants are fluids that transfer the heat from the substance that is being cooled in a heat exchanger where the heat is being absorbed by a primary refrigerant. These are mostly used in air conditioning systems where they don’t undergo any phase change as they transport energy from one point to another. Secondary refrigerants are also called heat transfer liquids. These have to be environment-friendly and typically chilled water is used as a secondary refrigerant in the air conditioner system. The rise in demand for natural refrigerants has somehow increased the market for secondary refrigerants. Secondary refrigerants also manage intermittent surging of thermal loads by providing the holdover result. Refrigeration plants using secondary refrigerants want less supervision during the system on/off, since the result of the sudden load is minimum on the refrigerant. The main disadvantage of a secondary refrigerant using the system is that the refrigerant is reasonably heated, as a result, the liquid temperature rises across the system and additionally, the mass flow rate of the secondary refrigerant is larger because the heat capacity of secondary refrigerants is smaller. Ideally, secondary refrigerants should be low in cost, non-corrosive, chemically stable, and able to transfer heat. Low environmental impact and rising demand for reduction in primary refrigerants charge are the major driving factors of the secondary refrigerants market. Whereas high investment cost is the restraining factor for the market.Secondary Refrigerants Market Segment Analysis:
Based on type, the glycols type segment is valued to lead the secondary refrigerants market in 2023 in terms of value. Due to facility such as provide freeze protection for closed-loop refrigeration systems, ventilation, air conditioning (HVAC), and cooling systems, the glycols lead to the highest market in the forecast period. Glycol-based refrigerants are water solutions of propylene or ethylene glycol. Calcium chloride brines are also usually used as secondary refrigerants in marine and industrial refrigeration systems In terms of application, the industrial refrigeration segment held a noteworthy share of the market in 2022, followed by the commercial application segment. The need to decrease carbon emission and an upsurge in the adoption of environment-friendly refrigerants in industrialized countries are estimated to lift the demand for secondary refrigerants for industrial applications.Secondary Refrigerants Market Regional Analysis:
Geographically, Europe is the largest consumer of secondary refrigerants and anticipated to witness substantial growth in the secondary refrigerants market in the forecast period. Due to environmental legislation and government support initiatives, the market for secondary refrigerants is growing at a rapid pace. Asia Pacific is expected to display major growth due to the development of the renewable energy sector and rising demand for low GWP and ODP refrigerants as per the government initiatives. North America is likely to show moderate growth in the end-user industry.Secondary Refrigerants Market, Key Highlights:
• Global Secondary Refrigerants Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Secondary Refrigerants Market • Global Secondary Refrigerants Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Secondary Refrigerants Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Secondary Refrigerants Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Secondary Refrigerants Market are also profiled.The Scope of the Global Secondary Refrigerants Market: Inquire before buying
Global Secondary Refrigerants Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 584.22 Mn. Forecast Period 2023 to 2029 CAGR: 7.41% Market Size in 2029: US $ 963.58 Mn. Segments Covered: by Type • Glycols • Salt Brines • Carbon Dioxide by Application • Commercial Refrigeration • Industrial Refrigeration • Heat Pumps • Air Conditioning • Others Secondary Refrigerants Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Secondary Refrigerants Market, Key Players are:
• The Linde Group • A-Gas International • TAZZETTI S.P.A • The Dow Chemical Company • Eastman Chemical Company • Clariant AG • Arteco Coolants • Temper Technology AB • SRS Frigadon • Hydratech • Dynalene • Environmental Process Systems • Gas Servei SA • Climalife Groupe Dehon • Nisso Shoji Co. Ltd Frequently Asked Questions: 1. Which region has the largest share in Global Secondary Refrigerants Market ? Ans: Europe region held the highest share in 2022. 2. What is the growth rate of Global Secondary Refrigerants Market ? Ans: The Global Secondary Refrigerants Market is growing at a CAGR of 7.41% during forecasting period 2023-2029. 3. What is scope of the Global Secondary Refrigerants Market report? Ans: Global Secondary Refrigerants Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Secondary Refrigerants Market ? Ans: The important key players in the Global Secondary Refrigerants Market are – The Linde Group, A-Gas International, TAZZETTI S.P.A, The Dow Chemical Company, Eastman Chemical Company, Clariant AG, Arteco Coolants, Temper Technology AB, SRS Frigadon, Hydratech, Dynalene, Environmental Process Systems, Gas Servei SA, Climalife Groupe Dehon, Nisso Shoji Co. Ltd 5. What is the study period of this Market? Ans: The Global Secondary Refrigerants Market is studied from 2022 to 2029.
Global Secondary Refrigerants Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Function 2.3.2. Primary Research 2.3.2.1. Data from Function 2.3.2.2. Breakdown of Function 3. Executive Summary : Global Secondary Refrigerants Size, by Market Value (US$ Mn) and Market Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Secondary Refrigerants Market Industry Trends 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Secondary Refrigerants Market Analysis and Forecast 6.1. Global Secondary Refrigerants Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Secondary Refrigerants Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Secondary Refrigerants Market Value Share Analysis, by Type 7.4. Global Secondary Refrigerants Market Size (US$ Mn) Forecast, by Type 7.5. Global Secondary Refrigerants Market Analysis, by Type 7.6. Global Secondary Refrigerants Market Attractiveness Analysis, by Type 8. Global Secondary Refrigerants Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Secondary Refrigerants Market Value Share Analysis, by Application 8.4. Global Secondary Refrigerants Market Size (US$ Mn) Forecast, by Application 8.5. Global Secondary Refrigerants Market Analysis, by Application 8.6. Global Secondary Refrigerants Market Attractiveness Analysis, by Application 9. Global Secondary Refrigerants Market Analysis, by Region 9.1. Global Secondary Refrigerants Market Value Share Analysis, by Region 9.2. Global Secondary Refrigerants Market Size (US$ Mn) Forecast, by Region 9.3. Global Secondary Refrigerants Market Attractiveness Analysis, by Region 10. North America Secondary Refrigerants Market Analysis 10.1. Key Findings 10.2. North America Secondary Refrigerants Market Overview 10.3. North America Secondary Refrigerants Market Value Share Analysis, by Type 10.4. North America Secondary Refrigerants Market Forecast, by Type 10.4.1. Glycols 10.4.2. Salt Brine 10.4.3. Carbon Dioxide 10.5. North America Secondary Refrigerants Market Value Share Analysis, by Application 10.6. North America Secondary Refrigerants Market Forecast, by Application 10.6.1. Commercial Refrigeration 10.6.2. Industrial Refrigeration 10.6.3. Heat Pumps 10.6.4. Air Conditioning 10.6.5. Others 10.7. North America Secondary Refrigerants Market Value Share Analysis, by Country 10.8. North America Secondary Refrigerants Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Secondary Refrigerants Market Analysis, by Country 10.10. U.S. Secondary Refrigerants Market Forecast, by Type 10.10.1. Glycols 10.10.2. Salt Brine 10.10.3. Carbon Dioxide 10.11. U.S. Secondary Refrigerants Market Forecast, by Application 10.11.1. Commercial Refrigeration 10.11.2. Industrial Refrigeration 10.11.3. Heat Pumps 10.11.4. Air Conditioning 10.11.5. Others 10.12. Canada Secondary Refrigerants Market Forecast, by Type 10.12.1. Glycols 10.12.2. Salt Brine 10.12.3. Carbon Dioxide 10.13. Canada Secondary Refrigerants Market Forecast, by Application 10.13.1. Commercial Refrigeration 10.13.2. Industrial Refrigeration 10.13.3. Heat Pumps 10.13.4. Air Conditioning 10.13.5. Others 10.14. North America Secondary Refrigerants Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Secondary Refrigerants Market Analysis 11.1. Key Findings 11.2. Europe Secondary Refrigerants Market Overview 11.3. Europe Secondary Refrigerants Market Value Share Analysis, by Type 11.4. Europe Secondary Refrigerants Market Forecast, by Type 11.4.1. Glycols 11.4.2. Salt Brine 11.4.3. Carbon Dioxide 11.5. Europe Secondary Refrigerants Market Value Share Analysis, by Application 11.6. Europe Secondary Refrigerants Market Forecast, by Application 11.6.1. Commercial Refrigeration 11.6.2. Industrial Refrigeration 11.6.3. Heat Pumps 11.6.4. Air Conditioning 11.6.5. Others 11.7. Europe Secondary Refrigerants Market Value Share Analysis, by Country 11.8. Europe Secondary Refrigerants Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Secondary Refrigerants Market Analysis, by Country 11.10. Germany Secondary Refrigerants Market Forecast, by Type 11.10.1. Glycols 11.10.2. Salt Brine 11.10.3. Carbon Dioxide 11.11. Germany Secondary Refrigerants Market Forecast, by Application 11.11.1. Commercial Refrigeration 11.11.2. Industrial Refrigeration 11.11.3. Heat Pumps 11.11.4. Air Conditioning 11.11.5. Others 11.12. U.K. Secondary Refrigerants Market Forecast, by Type 11.12.1. Glycols 11.12.2. Salt Brine 11.12.3. Carbon Dioxide 11.13. U.K. Secondary Refrigerants Market Forecast, by Application 11.13.1. Commercial Refrigeration 11.13.2. Industrial Refrigeration 11.13.3. Heat Pumps 11.13.4. Air Conditioning 11.13.5. Others 11.14. France Secondary Refrigerants Market Forecast, by Type 11.14.1. Glycols 11.14.2. Salt Brine 11.14.3. Carbon Dioxide 11.15. France Secondary Refrigerants Market Forecast, by Application 11.15.1. Commercial Refrigeration 11.15.2. Industrial Refrigeration 11.15.3. Heat Pumps 11.15.4. Air Conditioning 11.15.5. Others 11.16. Italy Secondary Refrigerants Market Forecast, by Type 11.16.1. Glycols 11.16.2. Salt Brine 11.16.3. Carbon Dioxide 11.17. Italy Secondary Refrigerants Market Forecast, by Application 11.17.1. Commercial Refrigeration 11.17.2. Industrial Refrigeration 11.17.3. Heat Pumps 11.17.4. Air Conditioning 11.17.5. Others 11.18. Spain Secondary Refrigerants Market Forecast, by Type 11.18.1. Glycols 11.18.2. Salt Brine 11.18.3. Carbon Dioxide 11.19. Spain Secondary Refrigerants Market Forecast, by Application 11.19.1. Commercial Refrigeration 11.19.2. Industrial Refrigeration 11.19.3. Heat Pumps 11.19.4. Air Conditioning 11.19.5. Others 11.20. Rest of Europe Secondary Refrigerants Market Forecast, by Type 11.20.1. Glycols 11.20.2. Salt Brine 11.20.3. Carbon Dioxide 11.21. Rest of Europe Secondary Refrigerants Market Forecast, by Application 11.21.1. Commercial Refrigeration 11.21.2. Industrial Refrigeration 11.21.3. Heat Pumps 11.21.4. Air Conditioning 11.21.5. Others 11.22. Europe Secondary Refrigerants Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Secondary Refrigerants Market Analysis 12.1. Key Findings 12.2. Asia Pacific Secondary Refrigerants Market Overview 12.3. Asia Pacific Secondary Refrigerants Market Value Share Analysis, by Type 12.4. Asia Pacific Secondary Refrigerants Market Forecast, by Type 12.4.1. Glycols 12.4.2. Salt Brine 12.4.3. Carbon Dioxide 12.5. Asia Pacific Secondary Refrigerants Market Value Share Analysis, by Application 12.6. Asia Pacific Secondary Refrigerants Market Forecast, by Application 12.6.1. Commercial Refrigeration 12.6.2. Industrial Refrigeration 12.6.3. Heat Pumps 12.6.4. Air Conditioning 12.6.5. Others 12.7. Asia Pacific Secondary Refrigerants Market Value Share Analysis, by Country 12.8. Asia Pacific Secondary Refrigerants Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Secondary Refrigerants Market Analysis, by Country 12.10. China Secondary Refrigerants market forecast, by Type 12.10.1. Glycols 12.10.2. Salt Brine 12.10.3. Carbon Dioxide 12.11. China Secondary Refrigerants Market Forecast, by Application 12.11.1. Commercial Refrigeration 12.11.2. Industrial Refrigeration 12.11.3. Heat Pumps 12.11.4. Air Conditioning 12.11.5. Others 12.12. India Secondary Refrigerants Market Forecast, by Type 12.12.1. Glycols 12.12.2. Salt Brine 12.12.3. Carbon Dioxide 12.13. India Secondary Refrigerants Market Forecast, by Application 12.13.1. Commercial Refrigeration 12.13.2. Industrial Refrigeration 12.13.3. Heat Pumps 12.13.4. Air Conditioning 12.13.5. Others 12.14. Japan Secondary Refrigerants Market Forecast, by Type 12.14.1. Glycols 12.14.2. Salt Brine 12.14.3. Carbon Dioxide 12.15. Japan Secondary Refrigerants Market Forecast, by Application 12.15.1. Commercial Refrigeration 12.15.2. Industrial Refrigeration 12.15.3. Heat Pumps 12.15.4. Air Conditioning 12.15.5. Others 12.16. ASEAN Secondary Refrigerants Market Forecast, by Type 12.16.1. Glycols 12.16.2. Salt Brine 12.16.3. Carbon Dioxide 12.17. ASEAN Secondary Refrigerants Market Forecast, by Application 12.17.1. Commercial Refrigeration 12.17.2. Industrial Refrigeration 12.17.3. Heat Pumps 12.17.4. Air Conditioning 12.17.5. Others 12.18. Rest of Asia Pacific Secondary Refrigerants Market Forecast, by Type 12.18.1. Glycols 12.18.2. Salt Brine 12.18.3. Carbon Dioxide 12.19. Rest of Asia Pacific Secondary Refrigerants Market Forecast, by Application 12.19.1. Commercial Refrigeration 12.19.2. Industrial Refrigeration 12.19.3. Heat Pumps 12.19.4. Air Conditioning 12.19.5. Others 12.20. Asia Pacific Secondary Refrigerants Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Secondary Refrigerants Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Secondary Refrigerants Market Overview 13.3. Middle East & Africa Secondary Refrigerants Market Value Share Analysis, by Type 13.4. Middle East & Africa Secondary Refrigerants Market Forecast, by Type 13.4.1. Glycols 13.4.2. Salt Brine 13.4.3. Carbon Dioxide 13.5. Middle East & Africa Secondary Refrigerants Market Value Share Analysis, by Application 13.6. Middle East & Africa Secondary Refrigerants Market Forecast, by Application 13.6.1. Commercial Refrigeration 13.6.2. Industrial Refrigeration 13.6.3. Heat Pumps 13.6.4. Air Conditioning 13.6.5. Others 13.7. Middle East & Africa Secondary Refrigerants Market Value Share Analysis, by Country 13.8. Middle East & Africa Secondary Refrigerants Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Secondary Refrigerants Market Analysis, by Country 13.10. GCC Secondary Refrigerants Market Forecast, by Type 13.10.1. Glycols 13.10.2. Salt Brine 13.10.3. Carbon Dioxide 13.11. GCC Secondary Refrigerants Market Forecast, by Application 13.11.1. Commercial Refrigeration 13.11.2. Industrial Refrigeration 13.11.3. Heat Pumps 13.11.4. Air Conditioning 13.11.5. Others 13.12. South Africa Secondary Refrigerants Market Forecast, by Type 13.12.1. Glycols 13.12.2. Salt Brine 13.12.3. Carbon Dioxide 13.13. South Africa Secondary Refrigerants Market Forecast, by Application 13.13.1. Commercial Refrigeration 13.13.2. Industrial Refrigeration 13.13.3. Heat Pumps 13.13.4. Air Conditioning 13.13.5. Others 13.14. Rest of Middle East & Africa Secondary Refrigerants Market Forecast, by Type 13.14.1. Glycols 13.14.2. Salt Brine 13.14.3. Carbon Dioxide 13.15. Rest of Middle East & Africa Secondary Refrigerants Market Forecast, by Application 13.15.1. Commercial Refrigeration 13.15.2. Industrial Refrigeration 13.15.3. Heat Pumps 13.15.4. Air Conditioning 13.15.5. Others 13.16. Middle East & Africa Secondary Refrigerants Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Secondary Refrigerants Market Analysis 14.1. Key Findings 14.2. South America Secondary Refrigerants Market Overview 14.3. South America Secondary Refrigerants Market Value Share Analysis, by Type 14.4. South America Secondary Refrigerants Market Forecast, by Type 14.4.1. Glycols 14.4.2. Salt Brine 14.4.3. Carbon Dioxide 14.5. South America Secondary Refrigerants Market Value Share Analysis, by Application 14.6. South America Secondary Refrigerants Market Forecast, by Application 14.6.1. Commercial Refrigeration 14.6.2. Industrial Refrigeration 14.6.3. Heat Pumps 14.6.4. Air Conditioning 14.6.5. Others 14.7. South America Secondary Refrigerants Market Value Share Analysis, by Country 14.8. South America Secondary Refrigerants Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Secondary Refrigerants Market Analysis, by Country 14.10. Brazil Secondary Refrigerants Market Forecast, by Type 14.10.1. Glycols 14.10.2. Salt Brine 14.10.3. Carbon Dioxide 14.11. Brazil Secondary Refrigerants Market Forecast, by Application 14.11.1. Commercial Refrigeration 14.11.2. Industrial Refrigeration 14.11.3. Heat Pumps 14.11.4. Air Conditioning 14.11.5. Others 14.12. Mexico Secondary Refrigerants Market Forecast, by Type 14.12.1. Glycols 14.12.2. Salt Brine 14.12.3. Carbon Dioxide 14.13. Mexico Secondary Refrigerants Market Forecast, by Application 14.13.1. Commercial Refrigeration 14.13.2. Industrial Refrigeration 14.13.3. Heat Pumps 14.13.4. Air Conditioning 14.13.5. Others 14.14. Rest of South America Secondary Refrigerants Market Forecast, by Type 14.14.1. Glycols 14.14.2. Salt Brine 14.14.3. Carbon Dioxide 14.15. Rest of South America Secondary Refrigerants Market Forecast, by Application 14.15.1. Commercial Refrigeration 14.15.2. Industrial Refrigeration 14.15.3. Heat Pumps 14.15.4. Air Conditioning 14.15.5. Others 14.16. South America Secondary Refrigerants Market Attractiveness Analysis 14.16.1. By Type 14.16.2. By Application 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. The Linde Group 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Manufacturing Footprints 15.3.2. A-Gas International 15.3.3. TAZZETTI S.P.A 15.3.4. The Dow Chemical Company 15.3.5. Eastman Chemical Company 15.3.6. Clariant AG 15.3.7. Arteco Coolants 15.3.8. Temper Technology AB 15.3.9. SRS Frigadon 15.3.10. Hydratech 15.3.11. Dynalene 15.3.12. Environmental Process Systems 15.3.13. Gas Servei SA 15.3.14. Climalife Groupe Dehon 15.3.15. Nisso Shoji Co. Ltd 16. Primary Key Insights