Natural Refrigerant Market Outlook Report 2024 | Report which provides an in-depth analysis Based on Regions

The global natural refrigerant market is witnessing substantial growth, driven by increasing demand for frozen food and dairy products.

WILMINGTON, DE, UNITED STATES, January 14, 2025 /EINPresswire.com/ -- The global natural refrigerant market is witnessing substantial growth, driven by increasing demand for frozen food and dairy products and the eco-friendly properties of natural refrigerants, such as non-toxicity, high efficiency, and compatibility with diverse equipment.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/61953

Market Overview

Allied Market Research recently published a report titled, “Natural Refrigerant Market by Gas (Carbon Dioxide, Ammonia, Hydrocarbons, Others) and Application (Refrigerators, Air Conditioning Systems, Others): Global Opportunity Analysis and Industry Forecast, 2023–2032.”

- Market Value (2022): $1.5 billion
- Projected Value (2032): $2.7 billion
- CAGR (2023–2032): 6.2%

Key Market Drivers and Opportunities

Growth Drivers:

- Rising awareness of environmentally friendly refrigerants.
- Increased demand for frozen food and dairy products.

Opportunities:

- Advancements in green cooling technologies.

Restraints:

- Prevalence and widespread acceptance of synthetic refrigerants.

Impact of the Russia-Ukraine Conflict

The ongoing conflict has disrupted the natural refrigerant supply chain, particularly for ammonia. Regional trade dynamics have shifted, prompting businesses to reconfigure supply chains and adopt risk mitigation strategies.

Market Segmentation Highlights

By Gas

Carbon Dioxide:

- Held over 60% of market share in 2022.
- Attributes: Non-toxic and widely used in commercial refrigeration, including supermarkets.

Ammonia:

- Expected to exhibit the highest CAGR (6.8%).
- Features: Exceptional thermodynamic properties, high energy efficiency, and cost-effectiveness.

By Application

Refrigerators:

- Dominated with over 50% of market share in 2022.
- Projected CAGR: 6.4%.
- Key Benefit: Effective heat absorption and cooling capabilities.

By Region

Europe:

- Largest revenue contributor (nearly 40% in 2022).
- Growth drivers include regulatory policies like the F-Gas Regulation and increased consumer preference for green solutions.

Asia-Pacific:

- Anticipated to grow at the highest CAGR (7.2%).

Leading Market Players

Key players driving innovation and competition include:

- Danfoss AS
- Linde PLC
- A-Gas International Ltd
- Evonik Industries AG
- AGC Inc.
- Air Liquide
- HyChill Australia Pty Ltd
- Johnson Controls International PLC
- Puyang Zhongwei Fine Chemical Co., Ltd
- Daikin Industries Ltd

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/natural-refrigerant-market/purchase-options

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research
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