However, the largest market growth is expected to come from the domestic refrigeration market. Increasing wages and the rise in living standards is allowing more homeowners to demand better cooling solutions. MarketsandMarkets expects the domestic refrigeration market will grow by 7.1% between 2015 and 2020.
F-Gas legislation is pushing the growth for low-GWP (global warming potential) and ODP (ozone depletion potential) refrigerants including inorganic and hydrocarbons. The report suggests the market for inorganic refrigerants will grow by 10% between 2015 and 2020.
The biggest market for refrigerants is the Asia-Pacific region, where the report suggests the market will increase by 7.9% over the next five years.
Find more details about the MarketsandMarkets report here.