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Refrigerant Market to Reach $15.7 Billion by 2018 at a CAGR of 6.9% - New Report by MarketsandMarkets
Date:5/27/2013

(PRWEB) May 27, 2013

The Report "Refrigerant Market – Hydro Chlorofluorocarbons (HCFC), Hydro fluorocarbon (HFC), Hydrocarbon (HC), Inorganic (Ammonia, Carbon dioxide) - Trends & Forecasts to 2018" defines and segments the global Market with analysis and forecasting of the global volume and revenue.

Refrigerant consumption will grow from an estimated $10.5 billion (equivalent to 1,207 thousand MT) in 2012 to $15.7 billion by 2018, with a CAGR of 6.9% from 2013 to 2018.

Browse:

  • 111 Market Data Tables
  • 16 Figures
  • 220 Pages and in-depth Table Of Contents on "Refrigerant Market"

http://www.marketsandmarkets.com/Market-Reports/refrigerant-market-1082.html

Early buyers will receive 10% customization on this report.

The rapid economic growth in most of the emerging countries (China and India) in the recent years resulted in rampant growth of commercial, industrial and automotive sector, which in turn created significant demand for refrigerants.

Among all the Geographies, Asia-Pacific accounted for largest portion of refrigerant demand in 2012, totaling just around half of the world market. The increase in regions demand is mainly due to rising demand for cooling products primarily driven by increasing middle class population in developing countries such as China and India.

The demand for HCFC was high during 2003 to 2009 but the Montreal Protocol which demands phase out HCFC has significantly reduced its growth prospects. This in turn, is driving the HFC market as a substitute to HCFC. However use of HFC's is beginning to come under strict regulations, especially in Western Europe. So now there is shift of consumer preferences towards natural refrigerants. The most c
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