Universal Refrigerant Market has significant CAGR growth rate forecast period 2018-2023

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The refrigerant is a heat carrier, which changes phase from gas to liquid and then back to gas in the refrigeration cycle. In other words, the refrigerant is the medium of heat transfer, which picks up the heat by evaporating at a low temperature and pressure and gives up the heat on condensing at a higher temperature & pressure. It is used as a cooling mechanism in refrigerators, and air conditioners.

Some of the prominent players operating in the global refrigerant market are DAIKIN INDUSTRIES, Ltd.(Japan), The Chemours Company. (U.S.), Honeywell International Inc. (U.S.), Arkema S.A. (France), Dongyue Group Co. Ltd (China), Asahi Glass Co., Ltd. (Japan), Sinochem Group (China), Mexichem S.A.B. de C.V. (Mexico), The Linde Group (Germany), SRF Limited (India), and DowDuPont Inc. (U.S.).

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The global refrigerant market is segmented by type, application, and region. Based on the type, the global refrigerant market is segmented into natural refrigerants and synthetic refrigerants. Based on the application, the global refrigerant is segmented into refrigerators, air conditioners, chillers/heat pump, and others.

The Global Refrigerant Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is projected to be the largest market for refrigerant due to high demand for refrigerators and air conditioners because of rising disposable income & increasing consumer purchasing power, particularly in emerging economies.

Refrigerant is a substance used as a medium of heat transfer, which picks up the heat by evaporating at a low temperature and pressure. It gives up the heat on condensing at a higher temperature & pressure, and coverts back to the gas phase in the refrigeration cycle. Refrigerants are designated by R followed by a unique number.

Browse the market data and information spread across 100 pages with 35 data tables and 10 figures of the report Refrigerant Market Research Report – Forecast to 2023 in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/refrigerant-market-5879

April 2018 Market Research Future Published a Half Cooked Research Report on Global Refrigerant Research Report.

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