Battery Recycling Market Analysis and Industry High Demand by 2022

The Battery Recycling Market Global Industry Report was valued at USD 8.10 billion in 2016 and is projected to reach USD 11.83 billion by 2022, at a CAGR of 6.5% from 2017 to 2022.

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The market is expected to witness growth in the coming years, owing to the large number of batteries in-use and strong demand from the replacement market. Extraction of the used battery for its raw materials coupled with the stringent environmental regulations imposed by the local and national governments has spurred growth in the battery recycling market.

Stringent government regulations, rising prices of metals and increasing demand for Energy Storage System is incentizing battery recycling, the market for recycling is expected to reach around USD 12 billion by 2022

Battery recycling is the reuse and reprocessing activity of spent batteries that aims to reduce the number of spent batteries being disposed of as municipal solid waste or material waste. Batteries contain several toxic chemicals and heavy metals and disposing them off as trash has raised environmental and health concerns over water pollution and soil contamination. Leading battery recycling companies includes Call2Recycle, Aqua Metals, and Umicore among others. Europe is the largest market for battery recycling due to the presence of stringent regulations in this region. 

Stringent government regulations to control environmental hazards during battery manufacturing and disposal are driving the growth of the battery recycling market. Industry experts and key decision makers of the governments in many countries are stressing the need for systematic approaches for the recycling of batteries to achieve the higher recycling rates.

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The laws and regulations pertaining to the disposal and recycling of spent batteries vary from country to country as well as local governments. Globally, the increasing government directives and regulations to curb pollution levels and controlling the greenhouse gas emissions will provide momentum to drive the battery recycling market.   

Extracting useful materials from the used batteries can help in regulating the price of new battery

Automotive Batteries

An automotive battery is an indispensable component of the powertrain of a vehicle, independent of the fuel used for its operation. It is used to power the electrical systems of the vehicle when the engine is turned off. It is also used to start the engine and to provide current for the ignition system and electric starter motor. The energy from the battery is also utilized when the electric requirement of the vehicle exceeds its alternator’s capacity. Majority of the vehicles use a 12V lead acid battery for these applications.

The Membrane separation technology Market is projected to grow at a CAGR of 7.2%

The Membrane separation technology Market Global Industry is projected to reach USD 28.10 billion by 2022 at a CAGR of 7.2%. The base year considered for the study is 2016 while the forecast period is from 2017 to 2022.

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Membrane separation technology is used to separate and to purify a specific component from the rest of the mixture. This technology is widely used for commercial and industrial purposes. Certain properties of membrane separation technology, such as durability, porosity, permeability, stability, and selectivity, make them an indispensable element in various industrial applications. Membrane separation technology are widely used in water & wastewater treatment, industrial, laboratory, medical, food & beverage, and research applications to purify, concentrate, sterilize, or separate samples.

Market Dynamics (Drivers)

·         Increasing awareness regarding water & wastewater treatment

·         Requirement for selective separation technology for meeting water quality standards

·         Stringent regulatory and sustainability policies concerning the environment

·         Growth in the biopharmaceutical industry

·         Benefit of low operating power and capable of working in harsh environments

Increasing awareness regarding water & wastewater treatment

Water is a basic necessity for human existence and industrial development. Increasing population and expansion of industries increases the demand for water, which in turn, increases the need for membranes in water & wastewater treatment applications. Moreover, increasing concerns regarding wastewater discharge and drinking water quality is also driving the membrane separation technology market, globally.

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The scarcity of pure water has provided opportunities for use of membranes in brackish water purification. High purity standards and stringent regulations regarding drinking water and industrial wastewater discharge are leading to increased water and wastewater treatment activities that use RO, UF, and MF membranes on a large scale. In the U.S., it is mandated by the law that citizens should be given clean and abundant water. The EU’s bathing water standards policy have rules for safeguarding public health with clean bathing water and so on. All these policies are set to increase water & wastewater treatment processes across the world. This is driving the growth of the global membrane separation technology market.

Objectives of the Study:

·         To define, describe, and forecast the membrane separation technology market on the basis of technology, application, and region

·         To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

·         To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market

·         To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders

·         To strategically profile key players and comprehensively analyze their market shares and core competencies2

Refrigerant Market Size, Segment by Applications and Growth Forecast To 2022

The Refrigerants Market Global Industry Report is assessed at USD 14.49 billion of every 2017 and is anticipated to achieve USD 18.05 billion by 2022, at a CAGR of 4.5% from 2017 to 2022. In this report, 2016 is viewed as the base year and the gauge time frame is from 2017 to 2022.

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Refrigerants are the cooling medium which are utilized in different cooling hardware to retain warm at low temperature and weight and discharge it high temperature and weight. Fluorocarbons are the most broadly utilized refrigerants in gear, for example, fridges and climate control systems.

Expanding interest for shopper machines

The generally ordinarily utilized shopper apparatuses, which require refrigerants, are fridges and climate control systems. Increment in way of life, urbanization, and higher dispensable salaries are the elements which are adding to the expanding request of refrigerants in fridges and climate control systems for residential applications. The developing nourishment and medicinal services ventures is additionally driving the market as these enterprises require iceboxes for saving medications and sustenance things. Different factors, for example, expanding populace and rising utilization of solidified sustenance are likewise contributing altogether to the expansion sought after for refrigerants.

The goals of this examination are: 

• To gauge and estimate the worldwide refrigerants advertise measure as far as volume and esteem

• To give itemized data with respect to the central point (drivers, limitations, and openings) affecting the development of the market

• To characterize, depict, and gauge the market estimate based on sort and application

• To figure the measure of the market dependent on five noteworthy locales, to be specific, Asia-Pacific, North America, Europe, the Middle East and Africa, and South America

• To deliberately dissect micromarkets regarding singular development patterns, prospects, and their commitment to the general market

• To investigate openings in the market for partners and give a focused scene of the market pioneers

• To track and investigate late improvements, for example, mergers and acquisitions, extensions, and new item advancements in the market

• To deliberately profile the key market players and completely examine their center skills

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This examination consider includes the broad utilization of auxiliary sources, registries, and databases, (for example, Hoovers, Bloomberg BusinessWeek, and Factiva) to recognize and gather data valuable for this specialized, advertise arranged, and business investigation of the refrigerants showcase. The essential sources for the most part incorporate a few industry specialists from center and related businesses and favored providers, producers, merchants, specialist organizations, and associations identified with all sections of the business' inventory network. In the wake of touching base at the general market measure, the aggregate market has been part into a few fragments and subsegments. The figure beneath represents the breakdown of the essential meetings dependent on organization type, assignment, and area led amid the examination contemplate.

The worldwide refrigerant market is ending up progressively aggressive, there are many market members, and a portion of these are showcase pioneers. There are many set up players in the refrigerants market, for example, Honeywell International Inc. (U.S.), Daikin Industries Ltd. (Japan), SRF Ltd. (India), and Arkema S.A. (France). These best players have huge power over the market. The main players hold their particular positions by propelling new items and are making significant ventures to follow the F-Gas control to deliver vitality proficient and condition agreeable items. Aside from these best players, there are numerous little Chinese players in this market. Every one of these elements make the refrigerants showcase very focused.

High Temperature Thermoplastics Market Size, Industry Segment by Applications & Forecast To 2022

High Temperature Thermoplastics Market size was USD 13.28 Billion in 2016 and is estimated to reach USD 21.70 Billion by 2022, at a CAGR of 8.57% during the forecast period.

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The HTTs market is driven by the increasing use of fluoropolymers and aromatic ketone polymers due to its superior thermal conductivity property. The report includes an analysis of the HTTs market by region, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America.

2016 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the years prior to it have been considered.

Objectives of the Study:

·         To define, describe, and forecast the HTTs market on the basis of resin type, end-use industry, and region

·         To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

·         To analyze the market segmentation and to project the HTTs market by temperature range, by end-use industry, and by resin type in different regions, namely, North America, Europe, Asia Pacific, South America, and Middle East & Africa

·         To analyze the significant region-specific trends

·         To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market

·         To analyze recent market developments and competitive strategies, such as agreements, collaborations, joint ventures, mergers & acquisitions, and new product developments

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Different secondary sources such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Commonwealth Scientific and Industrial Research Organization (CSIRO), Securities And Exchange Commission (SEC), American National Standards Institute (ANSI), Organization for Economic Co-operation and Development (OECD), and other government and private websites, directories, and databases were referred to identify and collect information useful for a technical, market-oriented, and commercial study of the global HTTs market. Primary sources, which include experts from related industries, have been interviewed to verify and collect critical information as well as to assess the prospects of the market. The top-down approach has been implemented to validate the market size, in terms of value and volume.

Some of the major players in the HTTs market are Solvay (Belgium), BASF (Germany), Evonik Industries (Germany), DowDuPont (US), Celanese Corporation (US), and Arkema (Japan).

These companies are expected to account for a significant market share in the near future. Entering into related industries and targeting new markets will enable the HTTs manufacturers to overcome the effects of volatile economy, leading to diversified business portfolio and increase in revenue. Other major manufacturers of HTTs are SABIC (Saudi Arabia), Toray (Japan), Royal DSM (Netherlands), and Victrex (UK).

Concrete Fiber Market Set for Rapid Growth and Trend by 2021

The Concrete Fiber Market Global Industry Report is projected to reach USD 3.09 billion by 2021 at a CAGR of 8.2% from 2016 to 2021.

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Increasing demand of synthetic concrete fiber across various end-use industries such as transport infrastructure, building & construction, and mining & tunnel is driving the global concrete fiber market.

The steel concrete fiber type segment dominates the concrete fiber market. It has excellent tensile & flexural strength, shock & fatigue resistance, ductility, and high durability. These properties enable it to provide enhanced toughness and post-crack load carrying capacity to the concrete. The leading companies manufacturing steel concrete fiber include Bekaert SA (Belgium), BASF SE (Germany), and Sika AG (Switzerland)

The transport infrastructure is the largest end-use industry segment of the global concrete fiber market. This is due to the increasing demand of concrete fibers in the road industry. In transport industry concrete fibers are used to manufacture roads, highways, bridges, railways, and ports & airports.

North America is one of the key concrete fiber markets. Globally, it is the largest market respect to demand as well as product innovation in terms of quality and application development. The U.S. is the largest country in North America and one of the key consumers of concrete fiber, accounting for a major share of the North American concrete fiber market. The country’s concrete fiber market is witnessing growth in demand due to the increasing use and expanding. There are many concrete fiber manufacturing companies like ABC Polymer Industries (U.S.), Cemex (Mexico), Nycon Corporation (U.S.), and Owens Corning (U.S.).

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The Asia-Pacific is the fastest-growing market, with countries like China, India, Japan, South Korea, and others witnessing an increase in the demand for concrete fiber. Major global manufacturers are focusing on setting up distribution networks and R&D centers in this region. In Asia-Pacific, China is the leading market having accounted for a share of 55.7% of the total market share in 2015. There are many domestic players such are Reliance (India) and Ultratech Cement (India), which market and supply concrete fiber products globally.

Although the concrete fiber market is growing at a significant rate, certain factors could hinder market growth. High operating cost is restricting the growth of the market. Obstruction for new players is a major challenge for the concrete fiber market.

Gas Treatment Market: Growth Analysis by Application & Growth Forecast To 2023

The Gas Treatment Market size is estimated at USD 3.76 billion in 2018 and is projected to reach USD 4.96 billion by 2023, at a CAGR of 5.7% from 2018 to 2023. 

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Major companies operating in this market such as DowDuPont Inc. (US), Huntsman International LLC (US), BASF SE (Germany), Ecolab Inc. (US), and Berryman Chemicals Inc. (US) have adopted both organic and inorganic growth strategies such as investments & expansions, new product launches, and agreements to serve their customers efficiently and increase their market shares.

Investment & expansions was the key strategy adopted by the major players to strengthen their position in the gas treatment market between 2015 and 2018. This strategy accounted for a share of 72.7% of the overall growth strategies adopted by the leading players of the gas treatment market between 2015 and 2018. Companies operating in this market have also adopted this strategy to fulfill the emerging and growing need for gas treatment in the oil & gas industry.

Huntsman International LLC (US) has gained a strong foothold in the gas treatment market. It is strengthening its position by adopting various investments & expansions to meet the growing demand from customers. In July 2017, the company expanded its Singapore specialty amine facility by 25,000 tons to meet the growing global demand for specialty amines and strengthen its leading position in the field of amine technology.  In addition, the company is investing in R&D capabilities to meet the evolving need of customers. In November 2016, the company inaugurated the Shanghai Campus to enhance its innovation performance.  

BASF SE (Germany) is another major player operating in the gas treatment market. The company has a broad product portfolio for gas treatment technology, which finds use in various applications. In May 2018, the company signed an agreement with ExxonMobil Catalysts and Licensing LLC (US) to jointly develop new gas treating solvents and process technologies for petroleum refining and natural gas processing. The development will offer new gas treatment technologies and solvents to help end users reduce energy consumption, increase the capacity of natural gas production, and meet tighter sulfur specifications. The development will help the company broaden its portfolio for gas treatment.

Rice Husk Ash Market Analysis and Industry High Demand by 2021

The Rice Husk Ash Market Global Industry Research Report is projected to reach USD 2.54 Billion by 2021, at a CAGR of 5.4% from 2016 to 2021. [118 Pages Report]

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The global rice husk ash market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Companies operating in the global rice husk ash market include Guru Metachem Pvt. Ltd. (India), Yihai Kerry Investments Co., Ltd. (China), Usher Agro Ltd. (India), Jasoriya Rice Mill (India), and Rescon (India) Pvt. Ltd., among others.

The objectives of this study are:

• To define, describe, and forecast the global rice husk ash market based on silica content, application, and region
• To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
• To analyze the opportunities in the market for stakeholders and the competitive landscape of the market
• To forecast the market size in terms of value with respect to main regions (along with countries), namely, Asia-Pacific, North America, Europe, Middle East & Africa, and South America
• To strategically profile key players and comprehensively analyze their core competencies
• To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and research & development activities in the global rice husk ash market

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Research Methodology:

The research methodology used to estimate and forecast the global rice husk ash market began with capturing data on key vendor revenues through secondary sources, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. The vendor offerings have also been taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market.

Scope of the report: This research report categorizes the global rice husk ash market based on application, silica content, and region.

On the basis of Silica Content:

• Silica Content between 80-84%
• Silica Content between 85-89%
• Silica Content between 90-94%
• Silica Content between more than or equal to 95%

On the basis of Application:

• Building & Construction
• Steel Industry
• Silica
• Ceramics & Refractory
• Rubber
• Others

PU films Market Size, Industry Overview, Analysis and High Demand by 2023

The PU films Market Global Industry Research Report is projected to grow from USD 449.0 million in 2018 to USD 688.6 million by 2023, at a CAGR of 8.9% during the forecast period. It is segmented into two types, namely, polyester PU films and polyether PU films. 

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3M (US), Avery Dennison (US), and DingZing Advanced Materials (Taiwan) are other leading manufacturers of PU films.

The market is also segmented on the basis of function—thermoset-based PU films and thermoplastic-based PU films. These films are mainly manufactured through the process of extrusion and die-casting. PU films have wide applications in various end-use industries such as automotive & aerospace, medical, and textile & leisure. The demand for PU films is mainly driven by the textile & leisure industry for applications such as fabric lamination, blackout & sealing tapes, and fabric coating. In the automotive industry, it is mainly used for the paint protection application.

The key companies have adopted various inorganic and organic growth strategies, such as new product launches, acquisitions, and expansions, to strengthen their foothold in the PU films market. Covestro (Germany), SWM International (US), 3M (US), Avery Dennison (US), and DingZing Advanced Materials (Taiwan) are some of the leading players operating in the PU films market.

Expansions was the key growth strategy adopted by the leading players between 2015 and 2018 to enhance their business prospects, increase their global reach, and widen their distribution network. Covestro adopted the strategy of expansion to increase its revenue and enhance its profit margins. At the beginning of 2018, the company planned to expand its films production capacity at four locations, namely, Thailand, the US, China, and Germany. This expansion is intended to meet the growing demand for films in these markets. The company is planning to invest more than USD 116 million at these locations. Covestro holds the top position in the PU films business across the globe with 19.0% market share. Initially, the company was into manufacturing of PU resins, and, by forward integration, it started manufacturing PU films. This allowed the company to maintain its profit margin and compete with the local low-cost PU film manufacturers.

SWM International (US) is one of the leading PU film manufacturers that operate globally. It is ranked second in the PU films market. In 2015, the company acquired Argotec LLC (US), a leading producer of PU films for surface protection, medical, and glass lamination applications. This acquisition facilitated the company’s entry into the PU films market. Every year the company generates revenue of USD 110 million from its PU films business. This acquisition helped the company gain a leading position in the PU films market.

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Spunbond Nonwovens Market: Industry Growth Analysis by Application & End User

The Spunbond Nonwovens Market Global Industry Research Report  is expected to be valued at USD 10.73 Billion in 2017 and is likely to reach USD 16.00 Billion by 2022, at a CAGR of 8.3% from 2017 to 2022.

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The objectives of this study are:

To define, describe, and forecast the spunbond nonwovens market based on function, material type, end use, and region in terms of both volume and value

To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market

To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market

To forecast the market size in terms of value with respect to key regions (along with countries), namely, Asia Pacific, North America, Europe, Middle East & Africa, and South America

To strategically profile key players and comprehensively analyze their core competencies

To analyze competitive developments such as expansions, investments, new product developments, and Research & Development (R&D) activities in the spunbond nonwovens market

Research Methodology:

The research methodology used to estimate and forecast the spunbond nonwovens market began with capturing data on key vendor revenues through secondary sources, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. The vendor offerings were taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market.

The spunbond nonwovens market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Companies operating in the spunbond nonwovens market include Schouw & Co. (Denmark), Mitsui Chemicals, Inc. (Japan), Johns Manville Corporation (US), Fitesa S.A. (Brazil), RadiciGroup SpA (Italy), Avgol Nonwovens (Israel), Kimberly-Clark Corporation (US), Berry Plastics Group, Inc. (US), Toray Industries, Inc. (Japan), Asahi Kasei Corporation (Japan), Pegas Nonwovens SA (Luxembourg), Kuraray Co., Ltd. (Japan), Kolon Industries, Inc. (South Korea), E. I. du Pont de Nemours and Company (US), and Mogul (Turkey), among others.

Thermoplastic Elastomers Market – Global Forecasts To 2022

The Thermoplastic Elastomers Market is projected to reach USD 28.27 billion by 2022, at a CAGR of 5.2% from 2017 to 2022. Thermoplastic elastomers have properties of both, plastics as well as elastomers. They can be molded easily at room temperature by heating them.

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The strategy of new product developments was the key strategy adopted by the leading players in the thermoplastic elastomers market between 2014 and 2016 to strengthen their position in the market. It was followed by the strategy of mergers & acquisitions. Some of the leading players operating in the thermoplastic elastomers market are Arkema SA (France), Asahi Kasei Corporation (China), Covestro AG (Germany), Evonik Industries AG (Germany), Kraton Corporation (U.S.), Lubrizol Corporation (U.S.), LyondellBasell Industries N.V. (Netherlands), PolyOne Corporation (U.S.), Sinopec Group (China), Teknor Apex Company (U.S.), The Dow Chemical Company (U.S.), and Tosoh Corporation (Japan). Besides new product developments, the companies operating in the thermoplastic elastomers market also adopted the strategies of mergers & acquisitions, expansions, joint ventures, and agreements to expand their product portfolios, strengthen their distribution networks, and extend their reach to their customers.

Teknor Apex Company has adopted various organic and inorganic growth strategies, which include new product developments, acquisitions, collaborations, and partnerships to enhance its position in the thermoplastic elastomers market. Teknor Apex has developed and launched thirteen new products in the thermoplastic elastomers market from February 2014 to February 2017. In September 2016, Teknor Apex collaborated with FGH Systems Inc. to develop material, equipment, tool, and mold technologies for high-volume extrusion blow molding of thermoplastic elastomers. In April 2016, Teknor Apex acquired Plastic-Technologie-Service (PTS), which is a thermoplastic elastomer manufacturer, and expanded its presence in the European region. Teknor Apex entered into a partnership with Gumdrop Ltd. in October 2016 to start a sustainability program for converting chewing gum wastes into raw materials used for manufacturing thermoplastic elastomers named as Gum-Tec.

Lubrizol Corporation developed and launched eight new products into the market between January 2015 and January 2016. It also adopted the strategies of acquisitions, agreements, and partnerships to strengthen its position in the thermoplastic elastomers market. The new products launched by the company cater to the requirements of various end-use industries such as footwear, automotive, filtration, apparel interlinings, textiles, sports goods, and packaging. In 2014, it acquired Vesta, which is a leading contract manufacturer of thermoplastic products used in the medical devices industry. This acquisition enabled Lubrizol to broaden its material and application portfolio.

Refrigerants Market Overview, Industry Outlook, Analysis and Research Report

The Refrigerants Market Global Industry was estimated at USD 14.49 Billion in 2017 and is projected to reach USD 18.05 Billion by 2022, at a CAGR of 4.5%

Rising end-use applications such as refrigerants, large-scale refrigerators, chillers, air conditioners, and heat pumps are driving the market for refrigerants. Along with these, the growing demand for consumer appliances and the cold chain market are also driving the market.

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The global refrigerants market has a large number of market players; however the market is led by some of the major players, such as The Chemours Company (U.S.), Honeywell International Inc. (U.S.), Arkema S.A. (France), Dongyue Group Co. Ltd (China), Asahi Glass Co., Ltd. (Japan), Daikin Industries Ltd. (Japan), Sinochem Corporation (China), Mexichem S.A.B. de C.V. (Mexico), The Linde Group (Germany), and SRF Ltd. (India), among others.

Air conditioners application accounted for the largest share in 2016

The air conditioners segment is projected to be the largest market for refrigerants from 2017 to 2022, owing to its rapid growth in the Asia-Pacific. Factors such as rising disposable incomes; rising living standards; flexible government taxation policies; rapid technological advancements in products & product offerings, by major international and domestic players, at competitive prices; are a few of the major factors driving the market for the air conditioners application. These factors, along with upcoming infrastructure projects on transport networks, institutional sites, and residential projects are also expected to drive the refrigerants market in the air conditioner application.

Hydrocarbons are expected to be the fastest growing segment in the refrigerants market

The main reason for the high demand for hydrocarbons can be attributed to the increasing consumption of refrigeration and AC equipment, which are its largest applications. Additionally, the demand for fluorocarbon refrigerants is expected to decline in the near future mainly due to the required 100% phase-out of HCFC by 2040 and 85% phase-out of HFC by 2047, which is expected to lead to an increase in the demand for alternative refrigerants. Thus, the growth of inorganics and hydrocarbons is expected to remain high between 2017 and 2022.

Asia-Pacific was the largest refrigerants market in 2016

The Asia-Pacific is projected to be the largest market for refrigerants from 2017 to 2022. Factors contributing to market growth in this region are the rise in demand for consumer appliances in emerging countries, growing urbanization, and the growing cold chain market. These factors, along with upcoming infrastructure projects in energy, transport networks, institutional sites, and residential projects are expected to drive the refrigerants market across various applications in the region. Large-scale investments along with the increasing standards of living provide opportunities for infrastructure developments that are expected to lead to the high growth of the refrigerants market.