Europe Refrigerants Market is Expected to Reach $1.8 billion in 2018 - New Report by MicroMarket Monitor
(PRWEB) September 17, 2014 -- European refrigerant market is expected to reach $1.8 billion by 2018. The Europe Refrigerants Market report defines and segments the refrigerants market in Europe with analysis and forecast of revenue.
Browse through the TOC of the Europe Refrigerants Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the European refrigerants market, and is supported by various tables and figures.
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The repetitive evaporation and condensation of the refrigerant gas enables the flow of heat from the room or the body, to produce cooling effect. Refrigerants are mainly used as a cooling medium in the air-conditioning and refrigeration industry. Refrigerants are used in cooling equipment such as freezers, refrigerators, air conditioners, and heating units. The growth of the refrigerants market, globally, is an outcome of the increase in demand for cooling products.
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Europe is one of the most important markets for refrigerants, having accounted for nearly 18.0% of the global market in 2012. The key countries covered in the region include Germany, France, U.K., Spain, and Italy; in 2012, these countries together accounted for approximately 58.0% of the overall European refrigerants market, in terms of volume. 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 European producers; and the currency fluctuations between the Euro and Dollar may lead to currency translation distortions in the international sales turnover of the European manufacturers. The European market is almost stagnant , and is projected to adversely affect the global market for refrigerants during the forecast period of 2013-2018.
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The report covers the European refrigerants market, which is segmented on basis of type, application, and geography. In the European region, refrigerants are applied in refrigeration (domestic refrigeration, commercial refrigeration, transportation refrigeration, industrial refrigeration) and air conditioning (stationary air conditioning, chiller & hydronic heat pumps, mobile air conditioning).
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Asia-Pacific Refrigerants Market
The refrigerant market is experiencing high growth due to high demand for cooling products such as refrigerators and air conditioners. The report estimates the Asia-Pacific refrigerants market size in terms of both volume and value. It provides a comprehensive review of the key market drivers, challenges, and key issues. Asia-Pacific’s refrigerants market was valued at $5,665.49 million in 2013, and is estimated to reach $9,119 million by 2019. It is expected to grow at a CAGR of 10%, from 2013 to 2018. Rapid industrialization, urbanization, and rising standard of living prompting increase in per capita consumption of refrigerant in several countries has resulted in growing consumption of refrigerants in the region.
The report ‘Asia-Pacific Refrigerants Market’ analyzes the refrigerants market by types with respect to four major types such as fluorocarbon, inorganics, hydrocarbon, and others. All of these types of refrigerants experienced a positive growth till 2013, and are expected to continue the same in coming years. With a market value of $4,928.6 million, fluorocarbon has been contributing maximum share towards the total Asia-Pacific refrigerants industry. Inorganics markets is estimated to witness high growth in the region especially ammonia refrigeration due to lower co2 emissions.
The demand for major applications of the refrigerants such as domestic refrigerants, commercial refrigerants, transportation refrigerants, industrial refrigerants, stationery AC, chillers, and mobile AC are covered in the report. The use of refrigerants in the mobile AC application is estimated to be highest-growing application market for the refrigerants in the Asia-Pacific region. Mobile AC market was valued at $96.6 million in 2013, and is estimated to grow at a CAGR of 9.7% by 2019.
http://www.micromarketmonitor.com/market/asia-pacific-refrigerants-9075278338.html
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