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  REFRIGERANT MARKET The global refrigerant market is expected to witness a favorable growth at a striking CAGR during the forecast period (2020–2027). 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 o...