Secondary Refrigerants Market – Analysis and Forecast To 2024 | Arkema Group, Daikin Industries Ltd., Hudson Technologies, The Linde Group, Eastman Chemical Company, Hydratech

Secondary refrigerants are the fluids that are used to transfer heat from a substance which is being cooled by heat exchanger. After being cooled, the liquid is transferred through a series of pipes to the cooling load location, which is then returned to repeat the whole process. The secondary coolant circulates through a cooling system and cooled in a heat exchanger. They are generally non-toxic in nature in small amounts; however large amounts should be disposed in a proper manner.

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The rapid industrialization, low environment impact, growth in oil and gas industry, expansion of the global cold chain market, and phasing out of chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCS), and other refrigerant are the major factors driving the secondary refrigerants market growth. The governments of various countries are aiming to phase out CFCs, HCFCs, and other similar refrigerant to protect the ozone layer, which are causing major harm to the layer and contribute to climate change. For instance, in 2010, the U.S. has already banned the production, import and use of HCFC, except for servicing needs of already existing equipment.

Europe is the largest consumer of these refrigerants and expected to witness the considerable growth in the secondary refrigerants market in the coming years. This is attributed to the recent plans in Europe to phase out F-gases, which is expected to reduce the use of HFC gases at a significant rate. The authorities are pushing the users to switch from primary refrigerants to protect the environment, resulting in increasing demand of these refrigerants in the region.

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Honeywell International Inc., Arkema Group, Daikin Industries Ltd., Hudson Technologies, The Linde Group, Eastman Chemical Company, Hydratech, Environmental Process Systems Limited, A-Gas International, Tazzetti S.P.A, and Temper Technology Ab are some of the key players operating in secondary refrigerants market.

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