Natural Refrigerants Market by Type (Ammonia, Carbon dioxide, Hydrocarbons and Others), by Application (Refrigeration: Industrial, Commercial, and Domestic, Air Conditioning: Stationary and Mobile, and Others) – Global Trends & Forecasts to 2020

“Natural refrigerants are chemicals such as ammonia, carbon dioxide, and hydrocarbons that are called ’natural’, as their substances exist in nature’s bio-chemical processes. Natural refrigerants have negligible impact on global warming and do not deplete the ozone layer. Natural refrigerants provide higher energy efficiency, low leakage rate and have lower refrigerant cost than fluorocarbons.
The market for natural refrigerants is estimated to grow on account of the environmental regulations for regulating emissions and for improving energy efficiency in building and systems. High initial investments and lack of technical knowledge required for the handling of natural refrigerants are the restraints for the market.
Region-wise, Europe is leading the natural refrigerants market. Growth in Europe is attributed to the stringency in environmental legislations that have restricted the use of HFC and HCFC refrigerants and has increased the demand for natural refrigerants. Europe is also projected to be the fastest-growing region in the market due to the high rate of natural refrigerant adoption by the end users in the region. Asia-Pacific is the second-largest market for natural refrigerants. North America has been lagging behind in terms of natural refrigerants but recently proposed legislations and environmental concerns are expected to propel the growth of natural refrigerants in the region.
Ammonia refrigerants (R-717) dominated the market in 2015 and are estimated to experience a steady growth on account of its wide usage in industrial refrigeration and light-commercial refrigeration applications. Carbon dioxide refrigerant (R-744) is projected to witness the highest growth in the natural refrigerants market till 2020 due to its growing adoption by superstore and food retail chains for refrigeration and air-conditioning applications. Hydrocarbon refrigerants (R-290, R-1270) are estimated to witness high growth on account of its rising application in domestic refrigeration and light-commercial refrigeration. Hydrocarbons have already captured a major share of the domestic refrigeration segment while they are gaining ground rapidly in the light-commercial refrigeration with major beverage players such as RedBull and Coca-Cola using hydrocarbons in their stand-alone refrigerators and cold cabinet displays.
The report includes analysis of the natural refrigerants market trends and forecasts till 2020. The market size has been provided in terms of market volume (ton) and value (USD million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered recent developments, and company strategy.
The natural refrigerants market is projected to register a CAGR of 11.5% between 2015 and 2020 to reach USD 1,419.19 million in 2020 from USD 821.74 million in 2015. Industrial refrigeration is the major application for the natural refrigerants market and has been estimated to witness a steady growth till 2020
The natural refrigerants industry is moving toward investments for expansion in terms of production capacity and distribution network. The companies in the natural refrigerants market are also focusing of the development of new products to increase their market share and promote the application of natural refrigerants.

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”

“TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 SCOPE, BY REGION 18
1.3.3 YEARS CONSIDERED IN THE REPORT 18
1.4 CURRENCY 19
1.5 PACKAGE SIZE 19
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primary interviews 23
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 25
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 26
2.4 ASSUMPTIONS 27
2.4.1 LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE MARKET OPPORTUNITY FOR NATURAL REFRIGERANTS MANUFACTURERS 31
4.2 NATURAL REFRIGERANTS MARKET GROWING AT A FAST PACE 32
4.3 MARKET ATTRACTIVENESS, BY TYPE 32
4.4 LIFECYCLE ANALYSIS 34

5 MARKET OVERVIEW 36
5.1 INTRODUCTION 37
5.2 MARKET SEGMENTATION 37
5.2.1 BY TYPE 37
5.2.2 BY APPLICATION 38
5.2.3 BY REGION 38
5.3 MARKET DYNAMICS 39
5.3.1 DRIVERS 40
5.3.1.1 Low environmental impact 40
5.3.1.1 Phasing out of CFC, HCFC, and HFC refrigerants 41
5.3.1.2 Long-term viability 42
5.3.1.3 Increasing demand for refrigeration and air-conditioning application 42
5.3.2 RESTRAINTS 42
5.3.2.1 Higher initial capital cost requirement 42
5.3.2.2 Low demand 42
5.3.2.3 Flammability and toxicity issues 43
5.3.3 OPPORTUNITIES 43
5.3.3.1 Effects of global warming 43
5.3.3.2 Lower operating cost with higher performance 44
5.3.3.3 Technological advancement for increasing performance 44
5.3.4 CHALLENGES 45
5.3.4.1 Few purification companies 45
5.3.4.2 Lack of education and awareness in HVAC contractors and technicians 45
5.4 VALUE-CHAIN ANALYSIS 46
5.4.1 RAW MATERIAL 46
5.4.2 MANUFACTURING 47
5.4.3 DISTRIBUTION OF NATURAL REFRIGERANTS 47
5.4.4 MARKETING AND SALES 47
5.5 PRICING AND COST ANALYSIS 48
5.5.1 PRICE DRIVERS 48
5.5.1.1 Raw materials 48
5.5.1.2 Energy prices 48
5.5.1.3 Exchange rates 48
5.6 PORTER’S FIVE FORCES ANALYSIS 49
5.6.1 THREAT OF NEW ENTRANTS 50
5.6.2 BARGAINING POWER OF SUPPLIERS 50
5.6.3 THREAT OF SUBSTITUTES 50
5.6.4 BARGAINING POWER OF BUYERS 50
5.6.5 INTENSITY OF RIVALRY 51

5.7 POLICIES AND REGULATIONS 51
5.7.1 EUROPE 52
5.7.1.1 EU F-Gas regulations 52
5.7.1.2 Montreal protocol 53
5.7.1.3 MAC Directive 53
5.7.1.4 Denmark 53
5.7.1.5 Austria 53
5.7.1.6 Switzerland 53
5.7.2 NORTH AMERICA 54
5.7.2.1 Significant new alternative policy (SNAP) by EPA 54
5.7.3 ASIA-PACIFIC 54
5.7.3.1 Japan: Revised F-Gas law 54
5.7.3.2 China- FECO: First catalogue of recommended substitutes for HCFCs 54
5.7.3.3 China: Room air-conditioning industry HCFC phase-out management action plan 54
5.7.4 SOUTH AMERICA 55
5.7.4.1 Brazil: Label for commercial refrigeration under discussion 55
5.7.4.2 Chile: New MEPS for domestic refrigeration by 2016 55
6 NATURAL REFRIGERANTS MARKET, BY TYPE 56
6.1 INTRODUCTION 57
6.2 AMMONIA REFRIGERANT 59
6.2.1 MOST WIDELY USED NATURAL REFRIGERANT IN THE MARKET 59
6.3 HYDROCARBON REFRIGERANT 62
6.3.1 HYDROCARBON REFRIGERANT TO REGISTER THE HIGHEST GROWTH IN NORTH AMERICA 62
6.3.2 PROPANE (R-290) 62
6.3.3 BUTANE (R-600) 63
6.3.4 ISO-BUTANE (R-600A) 63
6.3.5 OTHER HYDROCARBONS 63
6.4 CO2 REFRIGERANT 66
6.4.1 CO2 REFRIGERANT TO REGISTER THE HIGHEST GROWTH IN NORTH AMERICA 66
6.5 OTHER REFRIGERANTS 69
6.5.1 OTHER REFRIGERANTS TO REGISTER THE HIGHEST GROWTH IN NORTH AMERICA 69
6.5.2 WATER 69
6.5.3 AIR 69

7 NATURAL REFRIGERANTS MARKET, BY APPLICATION 71
7.1 INTRODUCTION 72
7.2 COMMERCIAL REFRIGERATION 75
7.2.1 EUROPE TO BE THE MAIN DRIVER FOR COMMERCIAL REFRIGERATION APPLICATION 75
7.3 INDUSTRIAL REFRIGERATION 78
7.3.1 INVESTMENTS IN THE INDUSTRIAL REFRIGERATION SECTOR IN ASIA-PACIFIC DRIVING THE MARKET 78
7.4 DOMESTIC REFRIGERATION 81
7.4.1 ASIA-PACIFIC SHOWING POTENTIAL FOR DOMESTIC REFRIGERATION APPLICATION OF NATURAL REFRIGERANTS 81
7.5 STATIONARY AIR-CONDITIONING 83
7.5.1 NORTH AMERICA TO SHOW STRONG POTENTIAL FOR STATIONARY AIR-CONDITIONING APPLICATION OF NATURAL REFRIGERANTS 83
7.6 MOBILE AIR-CONDITIONING 86
7.6.1 EUROPE AND NORTH AMERICA TO SHOW HIGH POTENTIAL FOR MOBILE AIR-CONDITIONING APPLICATION OF NATURAL REFRIGERANTS 86
7.7 OTHERS 88
7.7.1 NORTH AMERICA PROJECTED TO LEAD THE MARKET FOR OTHER APPLICATIONS 88
8 REGIONAL ANALYSIS 90
8.1 INTRODUCTION 91
8.2 EUROPE 94
8.2.1 GERMANY 98
8.2.2 U.K. 101
8.2.3 FRANCE 103
8.2.4 REST OF EUROPE 105
8.3 NORTH AMERICA 105
8.3.1 U.S. 107
8.3.2 CANADA 110
8.3.3 MEXICO 112
8.4 ASIA-PACIFIC 113
8.4.1 CHINA 117
8.4.2 JAPAN 120
8.4.3 INDIA 123
8.4.4 AUSTRALIA 125
8.4.5 REST OF ASIA-PACIFIC 128
8.5 MIDDLE EAST & AFRICA 128
8.6 SOUTH AMERICA 130

9 COMPETITIVE LANDSCAPE 133
9.1 OVERVIEW 133
9.2 EXPANSION: THE MOST POPULAR GROWTH STRATEGY 134
9.3 MAXIMUM DEVELOPMENTS IN 2012 135
9.4 A-GAS: THE MOST ACTIVE PLAYER BETWEEN 2010-2015 136
9.5 COMPETITIVE SITUATION AND TRENDS 137
9.5.1 EXPANSION 137
9.5.2 NEW PRODUCT LAUNCH 138
9.5.3 MERGER & ACQUISITION 139
9.5.4 DISTRIBUTION, SUPPLY, AND LICENSING AGREEMENT 140
9.5.5 OTHERS 141
10 COMPANY PROFILES 142
(Overview, Financial*, Products & Services, Strategy, and Developments)
10.1 INTRODUCTION 142
10.2 AIRGAS INC. 143
10.3 THE LINDE GROUP 145
10.4 SINOCHEM GROUP 149
10.5 ENGAS AUSTRALASIA 150
10.6 HARP INTERNATIONAL LTD. 152
10.7 TAZZETTI S.P.A. 154
10.8 PUYANG ZHONGWEI FINE CHEMICAL CO. LTD. 155
10.9 SHANDONG YUEON CHEMICAL INDUSTRY LTD. 156
10.10 A-GAS INTERNATIONAL 157
10.11 HYCHILL AUSTRALIA PVT. LTD. 159
10.12 GTS S.P.A 160
10.13 A.S. TRUST AND HOLDINGS 161
*Details might not be captured in case of unlisted companies.
11 APPENDIX 162
11.1 INSIGHTS FROM INDUSTRY EXPERTS 162
11.2 DISCUSSION GUIDE 163
11.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 166
11.4 AVAILABLE CUSTOMIZATIONS 167
11.5 RELATED REPORTS 168
“
“LIST OF TABLES

TABLE 1 GWP AND ODP OF MAJOR REFRIGERANTS 40
TABLE 2 PROPERTIES OF VARIOUS REFRIGERANTS 43
TABLE 3 NATURAL REFRIGERANTS MARKET: AVERAGE PRICES, BY REGION (USD/TON) 48
TABLE 4 NATURAL REFRIGERANTS MARKET: AVERAGE PRICES, BY TYPE (USD/TON) 48
TABLE 5 NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 58
TABLE 6 NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (USD MILLION) 58
TABLE 7 LEADING COMPANIES MANUFACTURING AMMONIA REFRIGERANTS 60
TABLE 8 AMMONIA REFRIGERANT MARKET SIZE, BY REGION, 2013–2020 (TON) 61
TABLE 9 AMMONIA REFRIGERANT MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 61
TABLE 10 LEADING COMPANIES PRODUCING HYDROCARBON REFRIGERANTS 63
TABLE 11 HYDROCARBON REFRIGERANT MARKET SIZE, BY REGION, 2013–2020 (TON) 64
TABLE 12 HYDROCARBON REFRIGERANT MARKET SIZE, BY REGION, 
2013–2020 (USD MILLION) 65
TABLE 13 LEADING COMPANIES PRODUCING CO2 REFRIGERANTS 66
TABLE 14 CO2 REFRIGERANT MARKET SIZE, BY REGION, 2013–2020 (TON) 67
TABLE 15 CO2 REFRIGERANT MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 68
TABLE 16 OTHER REFRIGERANTS MARKET SIZE, BY REGION, 2013–2020 (TON) 69
TABLE 17 OTHER REFRIGERANTS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 70
TABLE 18 NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 2013–2020 (TON) 73
TABLE 19 NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (USD MILLION) 74
TABLE 20 NATURAL REFRIGERANTS MARKET SIZE IN COMMERCIAL REFRIGERATION, 
BY REGION, 2013–2020 (TON) 76
TABLE 21 NATURAL REFRIGERANTS MARKET SIZE IN COMMERCIAL REFRIGERATION, 
BY REGION, 2013–2020 (USD MILLION) 77
TABLE 22 CRITERIA FOR INDUSTRIAL REFRIGERATION 78
TABLE 23 NATURAL REFRIGERANTS MARKET SIZE IN INDUSTRIAL REFRIGERATION, 
BY REGION, 2013–2020 (TON) 79
TABLE 24 NATURAL REFRIGERANTS IN INDUSTRIAL REFRIGERATION MARKET SIZE, 
BY REGION, 2013–2020 (USD MILLION) 80
TABLE 25 NATURAL REFRIGERANTS IN DOMESTIC REFRIGERATION MARKET SIZE, 
BY REGION, 2013–2020 (TON) 82
TABLE 26 NATURAL REFRIGERANTS MARKET SIZE IN DOMESTIC REFRIGERATION, 
BY REGION, 2013–2020 (USD MILLION) 82
TABLE 27 TYPES OF REFRIGERANT USED IN AIR CONDITIONERS 83
TABLE 28 NATURAL REFRIGERANTS MARKET SIZE IN STATIONARY AIR-CONDITIONING, 
BY REGION, 2013–2020 (TON) 84
TABLE 29 NATURAL REFRIGERANTS MARKET SIZE IN STATIONARY AIR-CONDITIONING, 
BY REGION, 2013–2020 (USD MILLION) 85
TABLE 30 NATURAL REFRIGERANTS MARKET SIZE IN MOBILE AIR-CONDITIONING, 
BY REGION, 2013–2020 (TON) 87
TABLE 31 NATURAL REFRIGERANTS MARKET SIZE IN MOBILE AIR-CONDITIONING, 
BY REGION, 2013–2020 (USD MILLION) 87
TABLE 32 ALTERNATE REFRIGERANTS, THEIR ADVANTAGES AND DIFFICULTIES FOR USE 88
TABLE 33 NATURAL REFRIGERANTS MARKET SIZE IN OTHER APPLICATIONS, BY REGION,  2013–2020 (TON) 89
TABLE 34 NATURAL REFRIGERANTS MARKET SIZE IN OTHER APPLICATIONS, BY REGION,  2013–2020 (USD MILLION) 89
TABLE 35 NATURAL REFRIGERANTS MARKET SIZE, BY REGION, 2013–2020 (TON) 91
TABLE 36 NATURAL REFRIGERANTS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 93
TABLE 37 EUROPE: NATURAL REFRIGERANTS MARKET SIZE, BY COUNTRY, 
2013–2020 (TON) 96
TABLE 38 EUROPE: NATURAL REFRIGERANTS MARKET SIZE, BY COUNTRY, 
2013–2020 (USD MILLION) 96
TABLE 39 EUROPE: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 96
TABLE 40 EUROPE: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 97
TABLE 41 EUROPE: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (TON) 97
TABLE 42 EUROPE: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  
2013–2020 (USD MILLION) 98
TABLE 43 GERMANY: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 99
TABLE 44 GERMANY: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 100
TABLE 45 GERMANY: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (TON) 100
TABLE 46 GERMANY: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  
2013–2020 (USD MILLION) 101
TABLE 47 U.K.: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 101
TABLE 48 U.K.: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 102
TABLE 49 U.K.: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 2013–2020 (TON) 102
TABLE 50 U.K.: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (USD MILLION) 102
TABLE 51 FRANCE: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 103
TABLE 52 FRANCE: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 103
TABLE 53 FRANCE: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (TON) 104
TABLE 54 FRANCE: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  
2013–2020 (USD MILLION) 104
TABLE 55 NORTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY COUNTRY,  
2013–2020 (TON) 105
TABLE 56 NORTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY COUNTRY,  2013–2020 (USD MILLION) 106
TABLE 57 NORTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (TON) 106
TABLE 58 NORTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE,  
2013–2020 (USD MILLION) 106
TABLE 59 NORTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  2013–2020 (TON) 107
TABLE 60 NORTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  2013–2020 (USD MILLION) 107
TABLE 61 U.S.: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 108
TABLE 62 U.S.: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 108
TABLE 63 U.S.: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 2013–2020 (TON) 108
TABLE 64 U.S.: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (USD MILLION) 109
TABLE 65 CANADA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 110
TABLE 66 CANADA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 110
TABLE 67 CANADA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (TON) 111
TABLE 68 CANADA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  
2013–2020 (USD MILLION) 111
TABLE 69 MEXICO: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 112
TABLE 70 MEXICO: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 112
TABLE 71 MEXICO: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (TON) 112
TABLE 72 MEXICO: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  
2013–2020 (USD MILLION) 113
TABLE 73 HIGH GROWTH IN ASIA-PACIFIC DRIVING THE NATURAL REFRIGERANTS MARKET 115
TABLE 74 ASIA-PACIFIC: NATURAL REFRIGERANTS MARKET SIZE, BY COUNTRY, 
2013–2020 (TON) 115
TABLE 75 ASIA-PACIFIC: NATURAL REFRIGERANTS MARKET SIZE, BY COUNTRY,  
2013–2020 (USD MILLION) 115
TABLE 76 ASIA-PACIFIC: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 116
TABLE 77 ASIA-PACIFIC: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 116
TABLE 78 ASIA-PACIFIC: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  
2013–2020 (TON) 116
TABLE 79 ASIA-PACIFIC: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  
2013–2020 (USD MILLION) 117
TABLE 80 CHINA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 119
TABLE 81 CHINA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 119
TABLE 82 CHINA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (TON) 119
TABLE 83 CHINA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (USD MILLION) 120
TABLE 84 JAPAN: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 121
TABLE 85 JAPAN: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 121
TABLE 86 JAPAN: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (TON) 121
TABLE 87 JAPAN: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (USD MILLION) 122
TABLE 88 INDIA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 123
TABLE 89 INDIA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 124
TABLE 90 INDIA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (TON) 124
TABLE 91 INDIA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (USD MILLION) 125
TABLE 92 AUSTRALIA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 2013–2020 (TON) 126
TABLE 93 AUSTRALIA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (USD MILLION) 126
TABLE 94 AUSTRALIA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 
2013–2020 (TON) 127
TABLE 95 AUSTRALIA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  
2013–2020 (USD MILLION) 127
TABLE 96 MIDDLE EAST & AFRICA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE,  
2013–2020 (TON) 128
TABLE 97 MIDDLE EAST & AFRICA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE,  
2013–2020 (USD MILLION) 129
TABLE 98 MIDDLE EAST & AFRICA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 2013–2020 (TON) 129
TABLE 99 MIDDLE EAST & AFRICA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 130
TABLE 100 SOUTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE, 
2013–2020 (TON) 130
TABLE 101 SOUTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY TYPE,  
2013–2020 (USD MILLION) 131
TABLE 102 SOUTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  2013–2020 (TON) 131
TABLE 103 SOUTH AMERICA: NATURAL REFRIGERANTS MARKET SIZE, BY APPLICATION,  2013–2020 (USD MILLION) 132
TABLE 104 EXPANSION, 2010–2015 137
TABLE 105 NEW PRODUCT LAUNCH, 2010–2015 138
TABLE 106 MERGER & ACQUISITION, 2010–2015 139
TABLE 107 DISTRIBUTION, SUPPLY, AND LICENSING AGREEMENT, 2010–2015 140
TABLE 108 OTHERS, 2010–2015 141
“
“LIST OF FIGURES

FIGURE 1 NATURAL REFRIGERANTS MARKET: RESEARCH DESIGN 20
FIGURE 2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 24
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 25
FIGURE 4 NATURAL REFRIGERANTS MARKET SNAPSHOT: BY TYPE 28
FIGURE 5 NATURAL REFRIGERANT MARKET: BY APPLICATION 29
FIGURE 6 COMMERCIAL REFRIGERATION TO WITNESS THE HIGHEST GROWTH 29
FIGURE 7 NATURAL REFRIGERANTS MARKET SHARE, BY REGION 30
FIGURE 8 NATURAL REFRIGERANT MARKET: OPPORTUNITY FOR MANUFACTURERS 31
FIGURE 9 COMMERCIAL REFRIGERATION IS THE FASTEST – GROWING APPLICATION  
(2015–2020) 32
FIGURE 10 AMMONIA IS THE MOST USED NATURAL REFRIGERANT 32
FIGURE 11 AMMONIA: MOST WIDELY USED NATURAL REFRIGERANT 33
FIGURE 12 ASIA-PACIFIC MARKET SOON TO ENTER THE GROWTH PHASE 34
FIGURE 13 NATURAL REFRIGERANT MARKET: LEADING COUNTRIES (2015 VS. 2020) 35
FIGURE 14 EUROPE: THE LARGEST MARKET FOR NATURAL REFRIGERANTS, 2015 35
FIGURE 15 NATURAL REFRIGERANTS: MARKET SEGMENTATION, BY TYPE 37
FIGURE 16 NATURAL REFRIGERANTS MARKET SEGMENTATION, BY APPLICATION 38
FIGURE 17 NATURAL REFRIGERANTS MARKET, BY REGION 38
FIGURE 18 OVERVIEW OF FACTORS GOVERNING THE GLOBAL NATURAL REFRIGERANTS MARKET 39
FIGURE 19 PHASE OUT TIMELINE FOR HCFC AND HFC REFRIGERANTS: 
DEVELOPED AND DEVELOPING ECONOMIES 41
FIGURE 20 VALUE CHAIN FOR NATURAL REFRIGERANTS INDUSTRY 46
FIGURE 21 NATURAL REFRIGERANTS: SUPPLY CHAIN 47
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS: NATURAL REFRIGERANTS MARKET, 49
FIGURE 23 NATURAL REFRIGERANTS MARKET: IMPACT OF REGULATIONS OVER THE AGES 52
FIGURE 24 NATURAL REFRIGERANTS REGULATIONS: A GLOBAL OVERVIEW 55
FIGURE 25 NATURAL REFRIGERANT: TYPES 57
FIGURE 26 CO2 REFRIGERANTS TO WITNESS BETWEEN 2015 AND 2020 57
FIGURE 27 CO2 REFRIGERANT TO EXPERIENCE HIGH VALUE GROWTH BETWEEN  
2015 AND 2020 59
FIGURE 28 NORTH AMERICA TO BE THE FASTEST-GROWING REGION FOR AMMONIA REFRIGERANT MARKET (2015 VS. 2020) 60
FIGURE 29 AMMONIA REFRIGERANT TO WITNESS HIGH GROWTH IN EUROPE AND NORTH AMERICA BETWEEN 2015 AND 2020 62
FIGURE 30 NORTH AMERICA TO BE THE FASTEST-GROWING REGION FOR HYDROCARBON DURING THE FORECAST PERIOD 64
FIGURE 31 HYDROCARBON REFRIGERANT TO WITNESS HIGH GROWTH IN EUROPE BETWEEN 2015 AND 2020 65
FIGURE 32 EUROPE ESTIMATED TO BE THE LARGEST MARKET FOR CO2 REFRIGERANTS 67
FIGURE 33 CO2 REFRIGERANT TO WITNESS HIGH GROWTH IN EUROPE BETWEEN  
2015 AND2020 68
FIGURE 34 NATURAL REFRIGERANTS: BREAKDOWN OF APPLICATION 72
FIGURE 35 COMMERCIAL REFRIGERATION TO WITNESS THE HIGHEST GROWTH IN THE NATURAL REFRIGERANTS MARKET BETWEEN 2015-2020 73
FIGURE 36 COMMERCIAL REFRIGERATION TO REGISTER THE HIGHEST GROWTH 74
FIGURE 37 COMMERCIAL REFRIGERATION SEGMENT TO WITNESS HIGH GROWTH IN NORTH AMERICA (2015 VS. 2020) 76
FIGURE 38 EUROPE TO REGISTER THE HIGHEST GROWTH FOR COMMERCIAL REFRIGERATION 77
FIGURE 39 ASIA-PACIFIC WILL DRIVE THE GROWTH THE INDUSTRIAL REFRIGERATION APPLICATION BETWEEN 2015 AND 2020 79
FIGURE 40 EUROPE WILL DRIVE THE GROWTH FOR THE INDUSTRIAL REFRIGERATION APPLICATION BETWEEN 2015 AND 2020 80
FIGURE 41 ASIA-PACIFIC TO REGISTER THE HIGHEST CAGR IN DOMESTIC REFRIGERATION APPLICATION BETWEEN 2015 AND 2020 81
FIGURE 42 HIGHEST GROWTH IN DOMESTIC REFRIGERATION APPLICATION TO BE REGISTERED BY ASIA-PACIFIC (2015 VS. 2020) 83
FIGURE 43 NORTH AMERICA TO REGISTER THE HIGHEST CAGR IN STATIONARY AIR-CONDITIONING APPLICATION BETWEEN 2015 AND 2020 84
FIGURE 44 HIGHEST GROWTH FOR STATIONARY AIR-CONDITIONING APPLICATION TO BE REGISTERED BY EUROPE (2015 VS. 2020) 85
FIGURE 45 NORTH AMERICA TO REGISTER THE HIGHEST CAGR IN MOBILE AIR-CONDITIONING APPLICATION BETWEEN 2015 AND 2020 86
FIGURE 46 EUROPE TO ACCOUNT FOR THE LARGEST MARKET SHARE FOR MOBILE AIR CONDITIONING BETWEEN 2015 AND 2020 88
FIGURE 47 NORTH AMERICA TO REGISTER THE HIGHEST GROWTH IN THE NATURAL REFRIGERANTS MARKET (2015 VS. 2020) 91
FIGURE 48 EUROPE IS PROJECTED TO EMERGE AS THE FASTEST-GROWING NATURAL REFRIGERANTS MARKET, BETWEEN 2015 AND 2020 92
FIGURE 49 LEADING COUNTRIES IN THE NATURAL REFRIGERANTS MARKET: BENCHMARKING, BY TYPE 92
FIGURE 50 NATURAL REFRIGERANTS MARKET SNAPSHOT: REGULATIONS ARE THE MAJOR GROWTH DRIVERS 93
FIGURE 51 GERMANY DOMINATING THE NATURAL REFRIGERANTS MARKET (2015 VS. 2020) 94
FIGURE 52 EUROPE: NATURAL REFRIGERANTS MARKET SNAPSHOT, 2015 95
FIGURE 53 GERMANY: LARGEST MARKET FOR NATURAL REFRIGERANTS (2015 VS. 2020) 99
FIGURE 54 ASIA-PACIFIC: NATURAL REFRIGERANTS MARKET SNAPSHOT 114
FIGURE 55 CHINA: LARGEST MARKET FOR NATURAL REFRIGERANTS IN ASIA-PACIFIC  
(2015 VS. 2020) 118
FIGURE 56 COMPANIES PRIMARILY ADOPTED ORGANIC GROWTH STRATEGIES 133
FIGURE 57 NATURAL REFRIGERANTS MARKET DEVELOPMENTAL SHARE, 2010–2015 135
FIGURE 58 GROWTH STRATEGIES, BY COMPANY, 2010–2015 136
FIGURE 59 MARKET PENETRATION OF MAJOR PLAYERS, BY REGION 142
FIGURE 60 AIRGAS INC.: COMPANY SNAPSHOT 143
FIGURE 61 SWOT ANALYSIS: AIRGAS INC. 144
FIGURE 62 THE LINDE GROUP: COMPANY SNAPSHOT 145
FIGURE 63 SWOT ANALYSIS: LINDE GROUP 147
FIGURE 64 SINOCHEM GROUP: COMPANY SNAPSHOT 149
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