Asia-Pacific Refrigerants Market is Expected to Reach $9,109.3 million in 2018 - New Report by MicroMarket Monitor
(PRWEB) September 14, 2014 -- The refrigerants market report defines and segments the concerned market in Asia-Pacific with analysis and forecast of revenue.
Browse through the TOC of the refrigerants market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/asia-pacific-refrigerants-9075278338.html
Refrigerants are mainly used as a cooling medium in the air-conditioning and refrigeration industry. Technically, due to the repetitive evaporation and condensation of the refrigerants gas, heat is drawn from the room or the body, to produce cooling effect. It is used in cooling equipment such as freezers, refrigerators, air conditioners and heating units.
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The Asia-Pacific region is the largest consumer of refrigerants in the world, accounting a significant share of the market. Refrigerants demand in Asia-Pacific is expected to grow at a CAGR of 9.8% from 2013 to 2018. There is a 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 in this region. However, the growth for fluorocarbon refrigerants is anticipated to remain low due to its undesirable action of ozone depletion.
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In 2012, the fluorocarbon refrigerants accounted the maximum share of the global refrigerants consumption; and Asia-Pacific accounted the maximum share in fluorocarbon refrigerants. In 2012, the key countries of the Asia-Pacific refrigerants market are China, Japan, and India. China is the leading market in this region.
The report covers the Asia-Pacific refrigerants market which is segmented on the basis of type, application, and geography. The market is applied in refrigeration (domestic, commercial, transportation, and industrial refrigeration) and air conditioning (stationary air conditioning, chillers, and mobile air conditioning).
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Europe Refrigerants Market
The economic slowdown from 2007 to 2009 severely hit the European refrigerants market with rising fuel prices affecting overall growth rate of the refrigerants market. The report estimates the European refrigerants market size in terms of both volume and value. The report provides a comprehensive review of the key market drivers, challenges, and key issues. The European refrigerants market was valued at $1,785.19 million in 2013, and is estimated to reach $1,780.41 million by 2019.
The report ‘Europe Refrigerants Market’ analyzes the refrigerants market by types with respect to four major types such as fluorocarbon, inorganic, and hydrocarbon. All of these types of refrigerants experienced a positive growth till 2013. With a market value of $1,690.65 million, fluorocarbon has been contributing maximum share towards the total refrigerants industry in Europe. The hydrocarbons market is estimated to witness high growth in the region. Adverse market forces such as high fluctuation in raw material prices, rising manufacturing costs, and tight competition from Asia-Pacific producers can affect the competitiveness of the European producers and the currency fluctuations between the Euro and Dollar can lead to currency translation distortions in international sales turnover of the European manufacturers.
http://www.micromarketmonitor.com/market/europe-refrigerants-8017342490.html
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