San Francisco, 17 September
2018: According to the findings of a research report published by
Grand View Research, Inc.; the global aerosol
refrigerants market is
likely to reach a valuation of USD 1.57 billion by 2025. The market is
anticipated to expand at a healthy growth rate of 6.3 % during the forecast
period i.e., from 2018 to 2025. Rise in demand for large-scale air conditioner
systems, refrigerators, and chillers across the world is estimated to be the
major driver for the market over the next few years. Moreover, demand for
natural refrigerants due to the growing awareness regarding environment
protection is also projected to have a positive impact on the global market
development. Thus, the advent of technologically improved products that cause
no possible environmental damage is considered as the key trend in the global
market.
Rapidly increasing number of
supermarket retail chains along with the implementation of CO2 cascade
technology in cooling solutions is also fueling the market development. On the
other hand, fluctuating prices of raw materials such as actuators propellants
and cans may have a negative impact on the market growth. However, aerosol
refrigerants provide energy-efficient cooling solutions to various end-user
industries and this is estimated to augur well for the global market. In
addition, rapidly expanding e-commerce industry is also expected to contribute
toward the growth of this market. Furthermore, development of advanced cold
chains filled with propane-based refrigerants is also expected to boost the
product demand in the next few years.
Access
Research Report of Aerosol
Refrigerants Market@ www.grandviewresearch.com/industry-analysis/aerosol-refrigerants-market
Worldwide aerosol refrigerants
market can be segmented on the basis of product and region. As per product, the
market can be bifurcated into steel and aluminum. The demand for steel is
likely to increase due to high adoption in packaging of hydrocarbon-based
refrigerants. Furthermore, increasing efforts for recycling cans would also
boost the segment demand. The segment is expected likely to register a CAGR of
4.4 % during the forecast period. The aluminum segment would also witness
a significant growth in the future due to its high corrosion resistance, better
portability, and exceptional barrier properties against UV light and moisture.
Geographically, the market can be divided into North America, Europe, Asia
Pacific, Central & South America, and Middle East & Africa.
Asia Pacific is estimated to
register significant growth rate from 20018 to 2025 due to escalating demand
for refrigeration products as a result of rapid industrialization and
urbanization. High demand for household products like refrigerators due to increased
per capita income levels is also expected to create positive outlook for the
aerosol refrigerants market in the region. Japan, in particular, is anticipated
to have high growth in the Asia Pacific region. Growing government efforts to
encourage the use of natural products is expected to drive the product demand
in the country. The Chinees market is expected to have a steady expansion due
to the presence of large number of refrigeration and cooling equipment
manufacturers.
Browse more reports of this category by
Grand View Research at:
The US regional market for
aerosol refrigerants is estimated to expand at a strong growth rate of
6.5 % from 2018 to 2025. It is considered as the major market in North
America due to high product demand in the residential and industrial
applications. In addition, mobile air conditioning and commercial refrigeration
industries are expected to grow significantly in this region over the forecast
period due to rising adoption of the ecofriendly products and the HFC
phase-down plan. This is also anticipated to contribute toward the growth of
the regional market. Some of the prominent companies operating in the global
aerosol refrigerators market include FJC Inc.; Mexichem S.A.B. de C.V.;
Nu-Calgon Wholesaler, Inc.; STP Products Company; and Baltic Refrigeration
Group. These market players compete on the basis of technology and product
price.
Access
Press Release of Aerosol Refrigerants Market@ www.grandviewresearch.com/press-release/global-aerosol-refrigerants-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment