천연 냉매 시장 규모, 점유율, 예측 및 동향 분석 : 냉매 유형, 용도, 최종 사용자 및 지역별 - 세계 예측(-2031년)

Natural Refrigerants Market by Refrigerant Type (Ammonia, Carbon Dioxide, Hydrocarbon), Application (Refrigeration, Air-conditioning), End User (Residential, Industrial, Commercial), and Geography-Global Forecast to 2031.

The research report titled 'Natural Refrigerants Market by Refrigerant Type (Ammonia, Carbon Dioxide, Hydrocarbon), Application (Refrigeration, Air-conditioning), End User (Residential, Industrial, Commercial), and Geography-Global Forecast to 2031' provides an in-depth analysis of the natural refrigerants market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The natural refrigerants market is projected to reach $2.3 billion by 2031, at a CAGR of 5.9% from 2024 to 2031.

This market's growth is driven by the rising demand for natural refrigerants in air-conditioning applications, stringent government regulations concerning synthetic refrigerants, and natural refrigerants' low environmental impact compared to synthetic refrigerants. However, flammability and toxicity issues restrain the market's growth.

Moreover, the rising awareness about environmentally friendly refrigerants and technological advancements in cooling equipment are expected to create market growth opportunities. However, the widespread availability & acceptance of synthetic refrigerants is a major challenge impeding the market's growth.

The natural refrigerants market is segmented by refrigerant type (ammonia refrigerant, carbon dioxide refrigerant, hydrocarbon refrigerant, propane refrigerant, other refrigerants), application (refrigeration, air-conditioning, other applications), and end user (residential, industrial [food & beverage, manufacturing, automotive, pharmaceutical, chemical, other industries], commercial [hotel & restaurants, retail, transport & logistics, offices, other commercial users]). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on refrigerant type, the natural refrigerants market is segmented into ammonia refrigerant, carbon dioxide refrigerant, hydrocarbon refrigerant, propane refrigerant, and other refrigerants. In 2024, the hydrocarbon refrigerant segment is expected to account for the largest share of over 37% of the natural refrigerants market. This segment's large market share can be attributed to the rising preference for eco-friendly solutions, the increasing demand for hydrocarbon refrigerants due to their low environmental impact, and the increasing utilization of hydrocarbon refrigerants in refrigerators and air conditioners. Additionally, the rising need for refrigeration across various sectors, such as food preservation, pharmaceuticals, and air conditioning, drives the demand for hydrocarbon refrigerants. In March 2024, BITZER Kuhlmaschinenbau GmbH (Germany) launched its Orbit scroll compressor series designed for use with hydrocarbon refrigerants, catering to heat pumps, air conditioning, and IT cooling applications. Such initiatives by market players also contribute to the growth of this segment.

However, the ammonia refrigerant segment is projected to register the highest CAGR during the period. This segment's growth can be attributed to the rising demand for ammonia refrigerants due to their zero ozone depletion potential (ODP) and negligible impact on global warming, government policies aimed at promoting energy efficiency and sustainable practices, and the increasing public awareness regarding the environmental benefits of ammonia. Moreover, market stakeholders are launching several initiatives in response to the growing demand for ammonia refrigerants. For instance, in August 2022, the Institute of Refrigeration (U.K.) signed a memorandum of understanding (MoU) with the International Institute of Ammonia Refrigeration (IIAR) (U.S.) to enhance collaboration on the use of natural refrigerants and to exchange information regarding the effective utilization of ammonia in cooling applications.

Based on application, the natural refrigerants market is segmented into refrigeration, air-conditioning, and other applications. In 2024, the refrigeration segment is expected to account for the largest share of over 52% of the natural refrigerants market. This segment's large market share can be attributed to the rising demand for refrigeration across various sectors, such as food preservation, pharmaceuticals, and cold storage, coupled with technological advancements in cooling equipment, resulting in the increased integration of natural refrigerants. For instance, in December 2023, EVAPCO, Inc. (U.S.) launched VersaSplit, a low-charge ammonia (R717) mega-split refrigeration system designed for the industrial sector.

However, the air-conditioning segment is projected to register the highest CAGR during the forecast period. This segment's growth is driven by the increasing demand for energy-efficient air conditioners, a shift in consumer preferences towards eco-friendly solutions, and government initiatives aimed at promoting the adoption of natural refrigerants.

Based on end user, the natural refrigerants market is segmented into residential, industrial, and commercial. In 2024, the industrial segment is expected to account for the largest share of over 45% of the natural refrigerants market. This segment's large market share can be attributed to factors such as the increasing adoption of natural refrigerants in industrial facilities due to their lower energy consumption and cost-efficiency, the high demand for natural refrigerants in industrial processes such as food & beverage production, chemical manufacturing, and cold storage, and initiatives by companies in the industrial sector to reduce their environmental footprint.

However, the commercial segment is projected to register the highest CAGR during the forecast period. This segment's growth is driven by the growing demand for commercial refrigeration in commercial spaces such as food preservation, supermarkets, and cold storage facilities, government policies promoting energy efficiency and sustainable practices, and the increasing adoption of air conditioners in commercial spaces. In May 2023, Hoshizaki Corporation (Japan) launched 44 commercial refrigerators and 24 freezers that use natural refrigerants.

Based on geography, the natural refrigerants market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 44% of the natural refrigerants market. Asia-Pacific's significant market share can be attributed to the rapid pace of industrialization and urbanization, the surge in research and development activities dedicated to enhancing natural refrigerant systems, government regulations driven by mounting environmental concerns, and the rising preference for eco-friendly solutions. Japan and Australia are early adopters of natural refrigerants due to stringent regulations and proactive government measures. Furthermore, the market in Asia-Pacific is projected to register the highest CAGR of over 7% during the forecast period.

The key players operating in the natural refrigerants market are Airgas, Inc. (U.S.), Linde PLC (Ireland), engas Australasia (Australia), Tazzetti S.p.A. (Italy), Puyang Zhongwei Fine Chemical Co., Ltd. (China), Shandong Yuean Chemical Industry Co., Ltd. (China), A-Gas International Limited (U.K.), Hychill Australia Pvt. Ltd. (Australia), Air Liquide (France), AGC Inc. (Japan), Danfoss A/S (Denmark), Evonik Industries AG (Germany), GTS SPA (Italy), Harp International Ltd. (U.K.), and Sinochem Holdings (China).

Key Questions Answered in the Report:

• What are the high-growth market segments in terms of refrigerant type, application, and end user?
• What is the historical market size for the natural refrigerants market?
• What are the market forecasts and estimates for 2024-2031?
• What are the major drivers, restraints, opportunities, challenges, and trends in the natural refrigerants market?
• Who are the major players in the natural refrigerants market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the natural refrigerants market?
• What are the different strategies adopted by major market players?
• What are the trends and high-growth countries?
• Who are the local emerging players in the natural refrigerants market, and how do they compete with other players?

Scope of the Report:

Natural Refrigerants Market Assessment-by Refrigerant Type

• Ammonia Refrigerant
• Carbon Dioxide Refrigerant
• Hydrocarbon Refrigerant
• Propane Refrigerant
• Other Refrigerants

Natural Refrigerants Market Assessment-by Application

• Refrigeration
• Air-conditioning
• Other Applications

Natural Refrigerants Market Assessment-by End User

• Residential
• Industrial
  • Food & Beverage
  • Manufacturing
  • Automotive
  • Pharmaceutical
  • Chemical
  • Other Industries
• Commercial
  • Hotel & Restaurants
  • Retail
  • Transport & Logistics
  • Offices
  • Other Commercial Users

Natural Refrigerants Market Assessment-by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia & New Zealand
  • Singapore
  • Rest of Asia-Pacific
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Israel
  • Rest of Middle East & Africa

TABLE OF CONTENTS

1. Market Definition & Scope

• 1.1. Market Definition
• 1.2. Currency & Limitations
  • 1.2.1. Currency
  • 1.2.2. Limitations

2. Research Methodology

• 2.1. Research Approach
• 2.2. Data Collection & Validation Process
  • 2.2.1. Secondary Research
  • 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
• 2.3. Market Sizing and Forecasting
  • 2.3.1. Market Size Estimation Approach
  • 2.3.2. Growth Forecast Approach
• 2.4. Assumptions for the Study

3. Executive Summary

• 3.1. Overview
• 3.2. Market Analysis, by Refrigerant Type
• 3.3. Market Analysis, by Application
• 3.4. Market Analysis, by End User
• 3.5. Market Analysis, by Geography
• 3.6. Competitive Analysis

4. Market Insights

• 4.1. Overview
• 4.2. Factors Affecting Market Growth
  • 4.2.1. Drivers
    • 4.2.1.1. Rising Demand For Natural Refrigerants for Air-conditioning Applications
    • 4.2.1.2. Stringent Government Regulations Concerning Synthetic Refrigerants
    • 4.2.1.3. Low Environmental Impact of Natural Refrigerants Compared to Synthetic Refrigerants
  • 4.2.2. Restraints
    • 4.2.2.1. Flammability and Toxicity Issues
  • 4.2.3. Opportunities
    • 4.2.3.1. Rising Awareness About Environmentally Friendly Refrigerants
    • 4.2.3.2. Technological Advancements in Cooling Equipment
  • 4.2.4. Challenges
    • 4.2.4.1. Widespread Availability & Acceptance of Synthetic Refrigerants
• 4.3. Case Studies
• 4.4. Porter's Five Forces Analysis

5. Natural Refrigerants Market Assessment-by Refrigerant Type

• 5.1. Overview
• 5.2. Ammonia Refrigerant
• 5.3. Carbon Dioxide Refrigerant
• 5.4. Hydrocarbon Refrigerant
• 5.5. Propane Refrigerant
• 5.6. Other Refrigerants

6. Natural Refrigerants Market Assessment-by Application

• 6.1. Overview
• 6.2. Refrigeration
• 6.3. Air-conditioning
• 6.4. Other Applications

7. Natural Refrigerants Market Assessment-by End User

• 7.1. Overview
• 7.2. Residential
• 7.3. Industrial
  • 7.3.1. Food & Beverage
  • 7.3.2. Manufacturing
  • 7.3.3. Automotive
  • 7.3.4. Pharmaceutical
  • 7.3.5. Chemical
  • 7.3.6. Other Industries
• 7.4. Commercial
  • 7.4.1. Hotel & Restaurants
  • 7.4.2. Retail
  • 7.4.3. Transport & Logistics
  • 7.4.4. Offices
  • 7.4.5. Other Commercial Users

8. Natural Refrigerants Market-by Geography

• 8.1. Overview
• 8.2. North America
  • 8.2.1. U.S.
  • 8.2.2. Canada
• 8.3. Europe
  • 8.3.1. Germany
  • 8.3.2. U.K.
  • 8.3.3. France
  • 8.3.4. Italy
  • 8.3.5. Spain
  • 8.3.6. Netherlands
  • 8.3.7. Rest of Europe
• 8.4. Asia-Pacific
  • 8.4.1. Japan
  • 8.4.2. China
  • 8.4.3. India
  • 8.4.4. South Korea
  • 8.4.5. Singapore
  • 8.4.6. Australia & New Zealand
  • 8.4.7. Rest of Asia-Pacific
• 8.5. Latin America
  • 8.5.1. Mexico
  • 8.5.2. Brazil
  • 8.5.3. Rest of Latin America
• 8.6. Middle East & Africa
  • 8.6.1. UAE
  • 8.6.2. Israel
  • 8.6.3. Rest of Middle East & Africa

9. Competition Analysis

• 9.1. Overview
• 9.2. Key Growth Strategies
• 9.3. Competitive Benchmarking
• 9.4. Competitive Dashboard
  • 9.4.1. Industry Leaders
  • 9.4.2. Market Differentiators
  • 9.4.3. Vanguards
  • 9.4.4. Emerging Companies
• 9.5. Market Share Analysis

10. Company Profiles

• 10.1. Airgas, Inc.
• 10.2. Linde PLC
• 10.3. engas Australasia
• 10.4. Tazzetti S.p.A.
• 10.5. Puyang Zhongwei Fine Chemical Co., Ltd.
• 10.6. Shandong Yuean Chemical Industry Co., Ltd.
• 10.7. A-Gas International Limited
• 10.8. Hychill Australia Pvt. Ltd.
• 10.9. Air Liquide
• 10.10. AGC Inc.
• 10.11. Danfoss A/S
• 10.12. Evonik Industries AG
• 10.13. GTS SPA
• 10.14. Harp International Ltd.
• 10.15. Sinochem Holdings

(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)

11. Appendix

• 11.1. Available Customization
• 11.2. Related Reports