EV Adhesives Market: Size, Production, Prospects, Consumption, Cost Structure, Competitive Landscape 2021-2025

 A refrigerant is usually a fluid or a mixture if substances especially used in heat pumps and refrigeration cycles. The liquid undergoes transitions from a liquid phase to a gas and vice versa. These natural refrigerants and non-synthetics substances act as cooling agents. These are used for refrigeration and air conditioning. Hydrocarbons including water, air, CO2, ammonia, Cyclopentane Butane, Propane, are included in the refrigerant substances. These hydrocarbons have the potential of very low or near to zero ozone depletion. This helps in lowering the global warming impact on the environment. Some of the majorly used natural hydrocarbon refrigerants are isobutene (R-600), propane (R-290), and natural refrigerants such as ammonia (R-717), and carbon dioxide (R-744).

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Despite various types of refrigerants available in the market, the new refrigerant that is highest in demand R-32. The R-32 is becoming popular because it efficiently normalizes heat, and consumes very less amount of electricity around only 10% as compared to other refrigerants such as R-22 used in the air conditioners as a cooling agent. The environmental impact of this refrigerant is very low. The major geographic regions dominating the next generation refrigerants market are Middle East & Africa, Asia-Pacific, European countries, South America, North America and more. Among all these regions Europe is dominant in the market from the year 2018 and is projected to continue its growth in the forthcoming years.

Europe in the year accounted 36.8% share due to increasing government initiatives to support the region to stay ahead of the competition along with F-Gas regulations for HCFCs and HFCs. This has resulted in the increased market demand for HFO and natural refrigerants in Europe. Furthermore commercial supermarkets to reduce the carbon dioxide emission have shifted to next generation refrigerants thereby boosting the next generation refrigerants market. The players leading the global next generation refrigerants market are, The Linde Group , The Chemours Company , AGC Inc., Tazzetti S.p.A,  Honeywell International Inc., SRF Limited, Harp International Ltd, Inc., Daikin Industries,  ASPEN Refrigerants, Arkema SA, and more.

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Key Market Players

• DAIKIN INDUSTRIES, Ltd.
• DuPont
• AGC Inc.
• ASPEN Refrigerants, Inc.
• Arkema S.A.
• Linde
• Atco Atmospheric & Speciality Gases Private Limited
• A-Gas
• Carnot Refrigeration
• Honeywell International Inc.

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Market Segments: Next Generation Refrigerants Market

• By Type
• Natural
• Hydrofluoroolefins
• Others
• By Application
• Air Conditioning
• Refrigeration
• Heat Pump
• Others
• By End-Use
• Industrial
• Residential
• Commercial
• Transportation
• By Region (tentative)

• North America

• US
• Canada
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• India
• Japan
• Middle East and Africa
• UAE
• South Africa
• Central & South America
• Brazil

Key Questions Answered

• What are the key growth regions and countries?
• What are the important types and technologies being used?
• What are the market players doing, in terms of research and development?
• Which are the new product grades for this market?
• What are the integrations happening?
• What is the recent news, developments, mergers, or large value deals?
• Where will the industry go in the long run?

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