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  Market Analysis The global refrigerant market is expected to witness a favorable growth at a striking CAGR during the forecast period (2015-2023). Simply defined, refrigerant is a chemical fluid mixture that act as cooling agent in refrigeration cycles and heat pumps. This works on the phase transition principle that is liquid to gas, gas to liquid at different operating temperatures. A refrigerant can either be used as a primary working fluid especially in an absorption refrigeration system or in the means of a secondary fluid for transporting thermal energy from a specific medium to another. Ever since its inception, the requirement for refrigerants has gone up significantly both in the commercial and industrial sector. Over the years, various models of refrigerants have been created for various applications, thus to keep away from any confusion, the numbering system was been introduced for designating various refrigerants. There are many factors that is driving the growth of t

  Overview: The refrigerant market is accelerating at a rapid pace owing to the changes it is witnessing in the consumer behavior. Urbanization, across the globe, has become a trend. As more and more cities are coming into being, the impacts of it are becoming more visible. This has triggered a demand for cooling mechanisms such as refrigerators and air conditioners. At the same time, the cold chain sector is getting traction from various industries which can squarely influence the refrigerant market. The refrigerant is a heat carrier, and in the refrigeration cycle, it runs in a loop between gas and liquid state. In the process, it controls temperature. The global refrigerant market is expecting robust growth during the forecast period (2017-2023), reveals Market Research Future (MRFR). The detailed report also includes other factors such as an increase in disposable income, demand from the automobile sector, and domestic & commercial projects. These factors can impact the refri

Global Refrigerant Market Overview A refrigerant is referred to a heat carrier that changes phase from gas to liquid and back to gas during the refrigeration cycle. In other words, it is a medium of heat transfer where it absorbs heat by evaporating at a low temperature and pressure and transfers it back upon condensation at a higher temperature and pressure. The global refrigerant market is expected to observe an impressive CAGR during the forecast period. The report by Market Research Future (MRFR) has analyzed various factors that are impacting the functioning of the global refrigerant market over the assessment period There are two types of refrigerants, i.e., natural refrigerants and synthetic refrigerants. While natural refrigerants have lower levels of GWP, they are highly flammable and toxic in nature. On the other hand, synthetic refrigerants have higher GWP but are non-flammable and non-toxic in nature. Owing to the rising awareness towards environment-friendly adoptions,