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The Europe hydrocarbon refrigerants market size reached US$ 193 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 302 Million by 2027, exhibiting a growth rate (CAGR) of 7.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Hydrocarbon refrigerants (HCs) are called natural refrigerants as the chemicals used in the manufacturing of these refrigerants are derived from the natural bio-chemical processes. These refrigerants have very low impact on the environment in terms of ozone depletion and global warming.
Europe has made stringent rules and regulations restricting the use of HFC and HCFC refrigerants which is turn is expected to increase the demand for natural refrigerants in the region. The governments of various countries in the region are taking various initiatives to limit the amount of fluorinated gases that are being sold in Europe and are banning the use of these gases in some new types of equipments as well. Moreover, hydrocarbon refrigerants are extensively being used in domestic refrigeration systems, commercial refrigeration systems, mobile air conditioners, stationary air conditioners, etc. With the changing lifestyles, food habits and increasing demand of time and energy saving appliances, the demand of hydrocarbon refrigerants has also increased in recent years in the European region. Apart from being environment-friendly, HCs are quite east to implement, require minimal investment during conversion and have a superior COP (coefficient of performance). Since cooling accounts for more than half of the energy consumption of any building, switching to hydrocarbon refrigerants can result in significant cost saving as well. In addition to this, hydrocarbon refrigerants can be purchased at cheaper prices, have a low GWP & GHG rating (Global Warming Potential and Greenhouse Gas emissions) and offer superior energy efficiency as compared to their alternatives.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe hydrocarbon refrigerants market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type and application.
Breakup by Type:
Amongst these, propane (R290) currently holds the largest share.
Breakup by Application:
Refrigeration systems currently represent the leading segment, accounting for the largest share.
Breakup by Region:
Germany currently represents the largest market for hydrocarbon refrigerants in Europe.
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive without any acquisition. Some of the leading players operating in the market are:
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Application, Country|
|Countries Covered||Germany, United Kingdom, France, Others|
|Companies Covered||Linde gas, A-Gas, SRS Frigadon, Nidec Secop, Beijer REF, Eurammon and True mfg|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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