Aerosol Refrigerants Market Worth $1.57 Billion By 2025 | CAGR: 6.3%
The
global aerosol refrigerants market size is expected to
reach USD 1.57 billion by 2025, according to a new report by Grand View
Research, Inc. The rising demand for large-scale refrigerators, chillers, and
air conditioner systems across the globe is expected to propel demand for the
product.
The plant
setup for manufacturing the product requires a significant amount of investment
during the start-up phase of equipment installation and storage. The presence
of stringent government regulations regarding the testing and labeling of such
products before and after placing them on the shelves adds to the final cost of
the product. As a result, the industry exhibits a notable entry barrier.
The rise of
e-commerce portals results in an ease in the product purchase with such
companies offering price discounts. In addition, the product has registered an
increase in demand from the aftermarket industry as low volumes can be packaged
in such containers. The rise in cost of raw materials such as cans, propellants,
and actuators is anticipated to affect the industry.
The industry
is characterized by the presence of a stringent regulatory framework pertaining
to the use of type of refrigerants. In addition, the development of advanced
technology products that cause no environmental damage is one of the major
emerging trends of the industry. However, the increase in the product adoption
is expected to elevate the manufacturer profit margins leading to industry
growth.
Full
Research Report On Global Aerosol Refrigerants Market Analysis:
www.grandviewresearch.com/industry-analysis/aerosol-refrigerants-market
www.grandviewresearch.com/industry-analysis/aerosol-refrigerants-market
Further
key findings from the report suggest:
- Aluminum based aerosol
refrigerants are expected to register high growth at a CAGR of 6.8% from
2017 to 2025, on account of low can weight coupled with the growth of
metal recycling activities across North America and Europe
- The demand for the product
in Asia Pacific is expected to reach a value of USD 319.7 million by 2025
on account of growing industrialization leading to a high demand for
refrigeration products
- The industry in the U.S.
is anticipated to register a CAGR growth of 6.5% by revenue from 2017 to
2025 due to increasing product adoption by the consumers in the industrial
and residential applications
- Key players are involved
in the production of advanced formulations in a bid to drive the industry
growth. In addition, the presence of major manufacturers is expected to
limit the growth opportunities for the emerging players.
View more
reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the aerosol refrigerants market on the
basis of product, and region:
Product
Outlook (Volume, ‘000 Units; Revenue, USD Million; 2014 - 2025)
- Steel
- Aluminum
Regional
Outlook (Volume, ‘000 Units; Revenue; USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-aerosol-refrigerants-market
www.grandviewresearch.com/press-release/global-aerosol-refrigerants-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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