Asia-Pacific Hydrocarbon Refrigerants Market is Expected to Reach $128.5 million in 2018 - New Report by MicroMarket Monitor
(PRWEB) September 20, 2014 -- The Asia-Pacific Hydrocarbon Refrigerants Market report defines and segments the hydrocarbon refrigerants market in Asia-Pacific with analysis and forecast of revenue.
Browse through the TOC of the Asia-Pacific Hydrocarbon Refrigerants Market report to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Asia-Pacific hydrocarbon refrigerants market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/asia-pacific-hydrocarbon-Refrigerants-4200362112.html
Hydrocarbon (HC) refrigerants are organic substances made from hydrocarbons, and used in refrigerators and air conditioners. HC refrigerants also refer to a line of refrigerants manufactured by OZ Technology that are non-ozone depleting. Apart Hydrocarbon gases are generally used as fuel; however, few hydrocarbon gases such as R170, 290, and 600A are successfully being used for cooling purpose in the industrial, commercial, and domestic applications. Unlike inorganic refrigerants, HC refrigerants are flammable, which makes them unsafe for use in certain commercial applications where continuous direct human contact is required. However, with better guidelines and processes in place, the regulatory bodies are approving usage of HC refrigerants in newer industries as well.
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The Asia-Pacific is the largest consumer of hydrocarbon refrigerants in the world. The demand for hydrocarbon refrigerants in the Asia-Pacific region is expected to grow at an average CAGR for the period 2013-2018. In the Asia-Pacific region, there is huge consumption potential, growing production capacities, competitive manufacturing costs, and high economic growth rate, which are favorable forces for future growth of the refrigerants market.
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The key countries of the Asia-Pacific hydrocarbon refrigerants market include China, Japan, and India, together having accounted for 80% of the total hydrocarbon refrigerants market in the region, in 2012. China is the leading market for hydrocarbon refrigerants in this region, having acquired a share of 61.7% of total Asia-Pacific market in 2012. The highly populated countries in the region are leading to the rise in demand as the consumption is increasing significantly every year.
The report covers the Asia-Pacific hydrocarbon refrigerants market, which is segmented on the basis of application and geography. In the Asia-Pacific market, the major applications of hydrocarbon refrigerants include refrigeration (domestic refrigeration, commercial refrigeration, transportation refrigeration, and industrial refrigeration) and air conditioning (stationary air conditioners, chiller & hydronic heat pumps, and mobile air conditioners).
Related Reports:
Europe Hydrocarbon Refrigerants Market
The economic downturn between the years 2007 and 2009 severely hit the European refrigerants market with rising fuel prices affecting its overall growth rate. Europe’s hydrocarbon refrigerants market was valued at $46.03 million in 2013 and is estimated to reach $62.43 million by 2019, growing at a CAGR of 5.9% from 2014 to 2019. Hydrocarbon refrigerants are gaining popularity due to their low global warming potential. Thus, they will have great potential in the future.
The report, ‘Europe Hydrocarbon Refrigerants Market,’ analyzes the hydrocarbon refrigerants market by application with respect to four major applications: domestic refrigerants, stationery AC, mobile AC, and others. All these applications experienced positive growth till 2012 and the trend is expected to continue in coming years. With a market value of $53.65 million, mobile AC has been contributing the maximum share towards the hydrocarbon refrigerants market in Europe. The domestic refrigeration market is expected to witness high growth and grow at a CAGR of 11.1% between 2013 and 2018.
This report covers country-wise market trends and includes major countries, namely, Germany, the U.K., France, Italy, and Spain. Germany holds a majority of the share in the overall market in the European region. France’s hydrocarbon refrigerants market is expected to grow further at a projected CAGR of 7.7%.
http://www.micromarketmonitor.com/market/europe-hydrocarbon-refrigerants-2051043601.html
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