Regional Analysis:
Europe accounted for the largest market share in 2017 owing to favorable government regulation and increase in application of refrigerants for preserving food. According to United States Department of Agriculture (USDA), in 2017 Germany imported frozen fillets worth USD 100.3 million from U.S. The trend of consuming premium frozen food products in Europe have been increasing due to consumer perception about premium products having high quality ingredients compared to ordinary products. Thus, rise in demand for frozen food products is accelerating demand for Low GWP Refrigerants application in the region.
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Asia-Pacific is projected to witness phenomenal growth during the forecast period owing to increase in demand low GWP Refrigerants in supermarket. According to the department of industrial policies and promotion (DIPP) the Indian retail industry has received total foreign direct investment (FDI) of around USD 1.40 billion during the period of April 2000 to June 2018. Increase in investment in retail industry is expected to fuel Refrigerants and air conditioners application in retail industry for food & beverage storage facilities.
Key Players:
The key players players in the Global Low GWP Refrigerants Market are Honeywell International Inc (U.S.), The Linde Group (Ireland), Daikin industries, Ltd. (Japan), Arkema (France), SOL Spa (Italy), The Chemours Company (U.S.), Harp International Ltd (UK), GTS SPA (Italy), HyChill (Australia), Puyang Zhongwei Fine Chemical Co. Ltd (China), Mexichem S.A.B de C.V. (Mexico), Tazzetti S.p.A (Italy), Airgas, Inc (U.S.), A-Gas International (UK), Brothers Gas (UAE), E.F. International (U.S.), Sinochem Lantian co., Ltd (China), The natural refrigerants company Pty ltd (Australia) and engas Australasia (Australia).
Segmentation:
The Global Low GWP Refrigerants Market has been categorized into Types, Application and Region.
On the Basis of Types, the Global Low GWP Refrigerants Market has been segmented into as Inorganics, hydrocarbons and fluorocarbons.
Industrial refrigeration, commercial refrigeration, domestic refrigeration, mobile air-conditioning, stationary air-conditioning and others are the major application studied for the Global Low GWP Refrigerants Market.
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