Secondary Refrigerants Market by Type (Glycols, Salt Brines, Carbon Dioxide), Application (Commercial Refrigeration, Industrial Refrigeration, Heat Pumps, Air Conditioning), and Region (North America, Europe, APAC, MEA)

Rising demand for reduction in primary refrigerant charge is expected to drive the secondary refrigerants market.

The secondary refrigerants market is estimated to be USD 499.7 million in 2017 and is projected to reach USD 710.7 million by 2022, at a CAGR of 7.3% between 2017 and 2022. The secondary refrigerants market is largely driven by the rising demand for reduction in primary refrigerant charge. The use of secondary refrigerants helps to reduce the quantities of primary refrigerants in the primary refrigerant loop system. A charge reduction between 5% and 15% as compared to the direct refrigeration system can be achieved. Low environmental impact of secondary refrigerants and phasing out of HCFCs, CFCs, and HFCs refrigerants are other factors that are expected to drive the secondary refrigerants market. However, the use of secondary refrigerants in an indirect refrigeration system is relatively expensive as compared to that of the direct refrigeration system, which is a major restraint for the growth of the market.

The carbon dioxide segment is expected to be the fastest-growing type segment of the secondary refrigerants market, in terms of value, from 2017 to 2022.

The carbon dioxide type segment is expected to witness the highest growth, in terms of value, from 2017 to 2022. Carbon dioxide refrigerants are the environment-friendly type of refrigerants having zero ODP and minimal GWP. Carbon dioxide refrigerants have excellent thermodynamic properties, high-energy efficiency, and are non-toxic and non-flammable. These properties make them suitable for use in a wide range of applications and are one of the key factors that is expected to drive the growth of the carbon dioxide type segment in the coming years.

The commercial refrigeration segment is expected to be the fastest-growing application segment of the secondary refrigerants market, in terms of value, from 2017 and 2022.

The commercial refrigeration segment is estimated to be the fastest-growing application segment between 2017 and 2022, in terms of both, value and volume. The growth of this segment can be attributed to the rising demand for reduction in primary refrigerant charge and leakage. Government regulations promoting the use of low GWP and ODP refrigerants are expected to support the secondary refrigerants market in commercial refrigeration.

APAC is expected to be the fastest-growing secondary refrigerants market during the forecast period, in terms of value and volume.

The growing demand for low GWP and ODP refrigerants as a result of government initiatives is expected to fuel the growth of the secondary refrigerants market in the Asia Pacific region. In addition, the strong focus on strengthening cold-chain infrastructure from emerging economies such as China and India is further driving the APAC secondary refrigerants market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, primary interviews were conducted as follows:

By Company Type: Tier 1 (46%), Tier 2 (31%), and Tier 3 (23%)
By Designation: C-Level (46%), Director Level (27%), and Others (27%)
By Region: North America (33%), Europe (27%), APAC (27%), Middle East & Africa (6%), and South America (7%)

Key players profiled in the report include The Linde Group (Germany), A-Gas International (UK), TAZZETTI S.P.A (Italy), The Dow Chemical Company (US), Eastman Chemical Company (US), Clariant AG (Switzerland), Arteco Coolants (Belgium), Temper Technology AB (Sweden), SRS Frigadon (UK), Hydratech (UK), Dynalene (US), Environmental Process Systems (UK), Gas Servei SA (Spain), Climalife Groupe Dehon (France), and Nisso Shoji Co. Ltd. (Japan).

Research Coverage

This report segments the market for secondary refrigerants on the basis of type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, agreements, partnerships, and recent developments associated with the market for secondary refrigerants.

Reasons to Buy This Report

This research report is focused on various levels of analyses - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together comprise and discuss the overall view on the competitive landscape; emerging and high-growth segments of the secondary refrigerants market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on secondary refrigerants offered by top players in the global secondary refrigerants market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the secondary refrigerants market
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for secondary refrigerants across regions
Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the global secondary refrigerants market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the secondary refrigerants market.

1 Introduction

1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology

2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Secondary Refrigerants Market
4.2 Secondary Refrigerants Market, By Type
4.3 Secondary Refrigerants Market in Europe, By Application and Country
4.4 Secondary Refrigerants Market, By Region and Application
4.5 Secondary Refrigerants Market, By Region
4.6 Secondary Refrigerants Market, By Key Countries

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Low Environmental Impact
5.2.1.2 Phasing Out of CFCS, HCFCS, and HFCS Refrigerants
5.2.1.3 Rising Demand for Reduction in Primary Refrigerants Charge
5.2.2 Restraints
5.2.2.1 High Investment Cost
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Natural Refrigerants
5.2.3.2 Effects of Global Warming
5.2.4 Challenges
5.2.4.1 Safety Issues
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Threat of New Entrants
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 GDP Forecast of Major Economies
5.5 Policies and Regulations
5.5.1 Europe
5.5.1.1 Eu F-Gas Regulations
5.5.1.2 Montreal Protocol
5.5.1.3 Mac Directive
5.5.1.4 Denmark
5.5.1.5 Austria
5.5.1.6 Switzerland
5.5.2 North America
5.5.2.1 Significant New Alternative Policy
5.5.3 APAC
5.5.3.1 Japan: Revised F-Gas Law
5.5.3.2 China- Feco: First Catalogue of Recommended Substitutes for HCFC
5.5.3.3 China: Room Air-Conditioning Industry HCFC Phase-Out Management Action Plan
5.5.4 South America
5.5.4.1 Chile: New Meps for Domestic Refrigeration By 2016

6 Secondary Refrigerants Market, By Type

6.1 Introduction
6.2 Glycol
6.2.1 Propylene Glycol
6.2.2 Ethylene Glycol
6.3 Salt Brines
6.3.1 Calcium Chloride
6.3.2 Potassium Formate
6.3.3 Potassium Acetate
6.4 Carbon Dioxide
6.5 Others

7 Secondary Refrigerants Market, By Application

7.1 Introduction
7.2 Industrial Refrigeration
7.3 Commercial Refrigeration
7.4 Heat Pumps
7.5 Air Conditioning
7.6 Others

8 Secondary Refrigerants Market, By Region

8.1 Introduction
8.2 Europe
8.2.1 Germany
8.2.2 UK
8.2.3 France
8.3 North America
8.3.1 US
8.3.2 Canada
8.3.3 Mexico
8.4 APAC
8.4.1 Australia & New Zealand
8.4.2 Japan
8.4.3 China
8.4.4 India
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 Saudi Arabia
8.6 South America
8.6.1 Brazil

9 Competitive Landscape

9.1 Overview
9.2 Major Market Players
9.2.1 The Linde Group
9.2.2 A-Gas International
9.2.3 The DOW Chemical Company
9.2.4 Eastman Chemical Company
9.2.5 Clariant Ag
9.3 Competitive Scenario
9.3.1 Expansion
9.3.2 New Product Launch
9.3.3 Acquisition
9.3.4 Partnership & Agreement

10 Company Profiles

Business Overview, Products Offered, Recent Developments, SWOT Analysis, View
10.1 The Linde Group
10.2 A-Gas International
10.3 The DOW Chemical Company
10.4 Eastman Chemical Company
10.5 Clariant AG
10.6 Tazzetti S.P.A
10.7 Arteco Coolants
10.8 Temper Technology Ab
10.9 Srs Frigadon
10.10 Hydratech
10.11 Other Key Players
10.11.1 Dynalene Inc.
10.11.2 Environmental Process Systems Limited
10.11.3 Gas Servei Sa
10.11.4 Climalife Groupe Dehon
10.11.5 Nisso Shoji Co. Ltd.
*Details Might Not Be Captured in Case of Unlisted Companies.

List of Tables

Table 1 GWP and ODP of Major Refrigerants
Table 2 Schedule for Eliminating HCFC: Non-Article 5 Parties
Table 3 Schedule for Eliminating HCFC: Article 5 Parties
Table 4 Schedule for Eliminating Hfc
Table 5 Factors Governing the Demand for Natural Refrigerants
Table 6 Refrigerants With Low GWP and Zero ODP
Table 7 Properties of Various Refrigerants
Table 8 Trends and Forecast of GDP, By Key Countries, 2017-2022 (USD Billion)
Table 9 Advantages and Disadvantages of Secondary Refrigerants
Table 10 Secondary Refrigerants Market Size, By Type, 2015-2022 (USD Million)
Table 11 Secondary Refrigerants Market Size, By Type, 2015-2022 (Kiloton)
Table 12 Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 13 Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 14 Secondary Refrigerants Market Size in Industrial Refrigeration, By Region, 2015-2022 (USD Million)
Table 15 Secondary Refrigerants Market Size in Industrial Refrigeration, By Region, 2015-2022 (Kiloton)
Table 16 Secondary Refrigerants Market Size in Commercial Refrigeration, By Region, 2015-2022 (USD Million)
Table 17 Secondary Refrigerants Market Size in Commercial Refrigeration, By Region, 2015-2022 (Kiloton)
Table 18 Secondary Refrigerants Market Size in Heat Pumps, By Region, 2015-2022 (USD Million)
Table 19 Secondary Refrigerants Market Size in Heat Pumps, By Region, 2015-2022 (Kiloton)
Table 20 Secondary Refrigerants Market Size in Air Conditioning, By Region, 2015-2022 (USD Million)
Table 21 Secondary Refrigerants Market Size in Air Conditioning, By Region, 2015-2022 (Kiloton)
Table 22 Secondary Refrigerants Market Size in Other Applications, By Region, 2015-2022 (USD Million)
Table 23 Secondary Refrigerants Market Size in Other Applications, By Region, 2015-2022 (Kiloton)
Table 24 Secondary Refrigerants Market Size, By Region, 2015-2022 (USD Million)
Table 25 Secondary Refrigerants Market Size, By Region, 2015-2022 (Kiloton)
Table 26 Europe: Secondary Refrigerants Market Size, By Country, 2015-2022 (USD Million)
Table 27 Europe: Secondary Refrigerants Market Size, By Country, 2015-2022 (Kiloton)
Table 28 Europe: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 29 Europe: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 30 Germany: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 31 Germany: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 32 UK: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 33 UK: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 34 France: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 35 France: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 36 North America: Secondary Refrigerants Market Size, By Country, 2015-2022 (USD Million)
Table 37 North America: Secondary Refrigerants Market Size, By Country, 2015-2022 (Kiloton)
Table 38 North America: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 39 North America: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 40 US: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 41 US: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 42 Canada: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 43 Canada: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 44 Mexico: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 45 Mexico: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 46 APAC: Secondary Refrigerants Market Size, By Country, 2015-2022 (USD Million)
Table 47 APAC: Secondary Refrigerants Market Size, By Country, 2015-2022 (Kiloton)
Table 48 APAC: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 49 APAC: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 50 Australia & New Zealand: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 51 Australia & New Zealand: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 52 Japan: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 53 Japan: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 54 China: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 55 China: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 56 India: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 57 India: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 58 Middle East & Africa: Secondary Refrigerants Market Size, By Country, 2015-2022 (USD Million)
Table 59 Middle East & Africa: Secondary Refrigerants Market Size, By Country, 2015-2022 (Kiloton)
Table 60 Middle East & Africa: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 61 Middle East & Africa: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 62 UAE: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 63 UAE: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 64 Saudi Arabia: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 65 Saudi Arabia: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 66 South America: Secondary Refrigerants Market Size, By Country, 2015-2022 (USD Million)
Table 67 South America: Secondary Refrigerants Market Size, By Country, 2015-2022 (Kiloton)
Table 68 South America: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 69 South America: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 70 Brazil: Secondary Refrigerants Market Size, By Application, 2015-2022 (USD Million)
Table 71 Brazil: Secondary Refrigerants Market Size, By Application, 2015-2022 (Kiloton)
Table 72 Expansion, 2012-2017
Table 73 New Product Launch, 2012-2017
Table 74 Acquisition, 2012-2017
Table 75 Partnership & Agreement, 2012-2017

List of Figures

Figure 1 Secondary Refrigerants Market Segmentation
Figure 2 Secondary Refrigerants Market: Research Design
Figure 3 Secondary Refrigerants Market: Data Triangulation
Figure 4 Glycol Segment to Lead the Secondary Refrigerants Market
Figure 5 Industrial Refrigeration Segment to Lead the Secondary Refrigeration Market
Figure 6 Europe Led the Secondary Refrigerants Market in 2016
Figure 7 APAC to Be the Fastest Growing Secondary Refrigerants Market
Figure 8 Glycol Segment to Account for the Largest Market Share
Figure 9 Germany Accounted for the Largest Market Share in 2016
Figure 10 Industrial Refrigeration Segment Accounted for the Largest Market Share in Europe in 2016
Figure 11 Europe to Account for the Largest Market Share
Figure 12 China to Be the Fastest-Growing Secondary Refrigerants Market
Figure 13 Overview of Factors Governing the Secondary Refrigerants Market
Figure 14 Secondary Refrigerants Market: Porter’s Five Forces Analysis
Figure 15 Carbon Dioxide Segment to Register the Highest CAGR in the Market
Figure 16 Commercial Refrigeration Segment to Register the Highest CAGR in the Market
Figure 17 APAC Market to Register Highest CAGR During the Forecast Period
Figure 18 Europe: Secondary Refrigerants Market Snapshot
Figure 19 North America: Secondary Refrigerants Market Snapshot
Figure 20 APAC: Secondary Refrigerants Market Snapshot
Figure 21 Companies Adopted Expansion as the Key Growth Strategy Between 2012 and 2017
Figure 22 The Linde Group: Company Snapshot
Figure 23 The DOW Chemical Company: Company Snapshot
Figure 24 Eastman Chemical Company: Company Snapshot
Figure 25 Clariant AG: Company Snapshot

Companies Mentioned

A-Gas International
Arteco Coolants
Clariant AG
Climalife Groupe Dehon
Dynalene Inc.
Eastman Chemical Company
Environmental Process Systems Limited
Gas Servei Sa
Hydratech
Nisso Shoji Co. Ltd.
Srs Frigadon
Tazzetti S.P.A
Temper Technology Ab
The DOW Chemical Company
The Linde Group

Table Information

Report Attribute	Details
No. of Pages	113
Published	April 2018
Forecast Period	2017 - 2022
Estimated Market Value ( USD ) in 2017	$ 499.7 million
Forecasted Market Value ( USD ) by 2022	$ 710.7 million
Compound Annual Growth Rate	7.3%
Regions Covered	Global
No. of Companies Mentioned	15

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Secondary Refrigerants Market by Type (Glycols, Salt Brines, Carbon Dioxide), Application (Commercial Refrigeration, Industrial Refrigeration, Heat Pumps, Air Conditioning), and Region (North America, Europe, APAC, MEA) - Global Forecast to 2022

Table of Contents

Companies Mentioned

Table Information

Table of Contents

Companies Mentioned

Table Information

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