Chemical & Materials Trending Natural Refrigerants Market | Page 5

Regional Insights
o Europe is the largest market for natural refrigerants followed by Asia-Pacific. Europe has also been
estimated to account for the highest growth between 2015 and 2020.
o The growth is on account of the enforcement of stringent environmental legislations that call
upon a ban on environmentally harmful HCFC and HFC refrigerants and promote the application
of natural refrigerants as alternatives.
o Europe is the largest market majorly driven due to environmental concerns and emission
regulations. Asia-Pacific ranks second in terms of market size which is followed by North America.
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