Refrigerants Market Overview
• In 2015, the global refrigerants market size was valued at $9,552 million and
is expected to reach $18,509 million by 2022, registering a CAGR of 9.9%
during the forecast period.
• Refrigerant is a chemical mixture of fluids, which function as cooling agents
in heat pumps & refrigeration cycles.
• The refrigerants market has witnessed rapid growth, owing to their
increasing scope of applications in mobile ACs and transportation, especially
in the developing economies.
• The global refrigerants market is segmented based on type, application, and
geography. Based on application, the global refrigerants market is segmented
into AC and refrigeration.