Secondary Refrigerants Industry: Ecosystem, Growth Analysis, Size Insights, Opportunities

Secondary refrigerants are fluids used to transfer heat from the space being cooled to the primary refrigerant in a cooling system. They allow for safer, more efficient cooling by minimizing the volume of primary refrigerant needed, often used in applications like air conditioning, refrigeration, and industrial cooling.

The report "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", The secondary refrigerants market is projected to reach USD 710.7 Million by 2022, at a CAGR of 7.3% from USD 466.2 Million in 2017.

Emerging economies are expected to witness a rise in demand for secondary refrigerants in the near future as a result of strengthening cold chain infrastructure, government initiatives, and the demand for natural refrigerants. Factors such as the need for reducing leakage and refrigerant charge are expected to support the secondary refrigerant market. The industrial sector (mainly for large refrigeration systems) will be focusing on improved energy efficiency, long life, and integration of cooling systems with other heat-transferring processes. This will fuel the demand for secondary refrigerants, thereby driving the secondary refrigerants market.