World Refrigerant Market to Grow at 5.5% CAGR through 2024, Expects Data Bridge in Its In-Demand Study Available at MarketPublishers.com21 Dec 2017 • by Natalie Aster
LONDON – The worldwide refrigerant market volume stood at around 1,244 thousand metric tons in 2016. Furthermore, it is forecast to exceed 1,887 thousand metric tons by the year 2024, registering steady growth at a 5.5% CAGR in the coming years.
Some of the major growth drivers of the refrigerant market include increasing focus on natural refrigerants, technological innovations like low GWP refrigerants, uptake in the cold chain market, rising disposable incomes along with increasing purchasing power, amidst others.
Presently, the dominant position in the global refrigerant market is held by the domestic household sector, accounting for a share of around 43.3%. This sector is projected to increase at a 5.8% CAGR through to 2024 to reach the volume of appr. 836.49 thousand metric tons.
In-demand research study “Global Refrigerant Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2024” elaborated by Data Bridge Market Research presents a detailed analysis of the refrigerant market segmenting it on the basis of industries, applications and regions. The report include important historical and present market data, describes the market dynamics, reviews the key market growth hindering and driving factors, offers a clear understanding of the actual situation in the refrigerant market, touches upon the prevailing trends, outlines future growth opportunities and barriers. Besides, this report delves deep into the competitive landscape, gives comprehensive profiles of the dominant companies, touches upon regulative framework and also reviews the most recent industry developments. In addition, this study includes forecasts for the refrigerant market development up to 2024.
Note that until December 31, 2017 this report is available at a special discounted price!
Follow Data Bridge online catalogue at MarketPublishers.com to find many other in-demand research reports by this publisher.