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The refrigerants market size is estimated to be USD 21.3 billion in 2020 and is projected to reach USD 30.8 billion by 2025, at a CAGR of 7.7% between 2020 and 2025. Factors such as increasing demand for consumer appliances and growing cold chain markets will drive the refrigerants market. The major restraint for the market will be the regulations imposed against the usage of fluorocarbons such as HCFCs and HFCs in North America and Europe. However, the increasing demand for natural refrigerants will act as an opportunity for the market.
Carbon dioxide is used as a refrigerant in various applications such as supermarket/hypermarket, transport, industrial, and chillers. Its thermos-physical properties such as good heat transfer coefficient, negligible pressure loss, and low viscosity make it a potential refrigerant for these applications. Carbon dioxide is estimated to be the fastest-growing refrigerant durin
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Global Refrigerants Market by Type, Application and Region to 2025 - ResearchAndMarkets.com
December 15, 2020 GMT
DUBLIN (BUSINESS WIRE) Dec 15, 2020
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The refrigerants market size is estimated to be USD 21.3 billion in 2020 and is projected to reach USD 30.8 billion by 2025, at a CAGR of 7.7% between 2020 and 2025. Factors such as increasing demand for consumer appliances and growing cold chain markets will drive the refrigerants market. The major restraint for the market will be the regulations imposed against the usage of fluorocarbons such as HCFCs and HFCs in North America and Europe. However, the increasing demand for natural refrigerants will act as an opportunity for the market.
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