Refrigerant Market
                     Refrigerant Market
Set to Exceed $22.16 Billion By 2026 | CAGR 4.4%
“Refrigerant Market Share, Size, Trends, & Industry 
Analysis Report, [By Product (Inorganics, Fluorocarbons, 
Hydrocarbons), By Application (Domestic, Light 
Commercial, Commercial, Industrial, Air Conditioning, Heat 
Pumps) By Regions]: Segment Forecast, 2019 - 2026”
Refrigerant Market Estimate & Forecast to 2026
The global refrigerants market size is anticipated to reach USD 22.16 billion by 2026 growing 
at a CAGR of 4.4% from 2019 to 2026 according to a new report published by Polaris Market 
Research.
Refrigerants can be defined as the heat transfer medium that absorb heat at low 
temperature and pressure, by means of evaporation and give up heat by means of 
condensation at high temperature and pressure. Suitable and good refrigerants can be 
defined as those having properties such as good stability, non-toxicity, non-flammability, 
and having atmospheric boiling point in between the range of – 40 degree Celsius to 0 
degree Celsius.
Zeotrope and azeotrope are the two major and basic classifications of refrigerant chemistry. 
The zeotrope can be separated by distillation by carrying out the fractionalization process. 
Two or more refrigerants can be blended to achieve properties suitable for customer 
requirements. The properties that can be modified include volumetric capacity, flammability, 
and discharge among others. Agencies such as the American Society of Heating, 
Refrigerating, and Air-Conditioning Engineers, Inc. (ASHRAE) have defined the nomenclature 
as well as standards to be used for refrigerants.
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Refrigerant Market Scope
By Product By Application By Region
•Inorganics • Domestic Refrigeration •North America (U.S., Canada)
•Fluorocarbons • Light Commercial Refrigeration •Europe (Germany, UK, France, Italy, 
•Hydrocarbons • Commercial Refrigeration Spain)
• Industrial •Asia Pacific (China, India, Japan, South 
• Air Conditioning Korea)
• Heat Pumps •Latin America (Brazil, Mexico, Colombia)
•MEA (Saudi Arabia, South Africa, Israel, 
UAE)
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Refrigerant Market Estimate & Forecast to 2026
There is a major role played by refrigerators in the overall food value chain. The 
temperature control of perishable food items at all steps of value chain is critical, and 
refrigerators play an important role in doing so. It is essential for preserving the flavor, 
vitamin content, texture as well as the color of the food item. Growing population, scarce 
resources and demand for packaged food has contributed to a growth in the food & 
beverage industry, and this trend is expected to continue over the forecast period, thus 
complementing refrigerant market growth.
 Access Research Report On Refrigerant Market 
 
Companies have to abide by strict rules and regulations as prescribed by the regulatory 
agencies. Some of the major industry participants include Arkema SA, Dongyue Group Co. 
Ltd., Honeywell International Inc., The Chemours Company, The Linde Group, Daikin 
Industries Limited, Mexichem, Sinochem Group, SRF Limited, Air Liquide (Airgas Refrigerants 
Inc.), Gujarat Fluorochemicals Ltd., Puyang Zhongwei Fine Chemical, Harp International 
among others.
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Refrigerant Market Size
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About Us
Polaris Market Research is a global market research and consulting company. The company 
specializes in providing exceptional market intelligence and in-depth business research services 
for our clientele spread across different enterprises. We at Polaris are obliged to e present across 
the industries of healthcare, technology, semi-conductors and chemicals among various other 
industries present around the world. 
We strive to provide our customers with updated information on innovative technologies, high 
growth markets, emerging business environments and latest business-centric applications, 
thereby helping them always to make informed decisions and leverage new opportunities. Adept 
with a highly competent, experienced and extremely qualified team of experts comprising SMEs, 
analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our 
customers.
 
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