Honeywell International Inc. launched New Low-Global-Warming-Potential Refrigerant Solstice N71 (R-471A) a refrigerant for commercial and industrial refrigeration to provide a quick lifeline to supermarkets, and to become carbon neutral while accelerating efforts to address climate change.
Linde Plc to announce a significant event of a long-term agreement for the supply of industrial gases with Mims, which is constantly working for the expansion of production capacity by 50%.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4167
Published Date: Jul 27, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising demand for air conditioners for homes and rising concern about global warming are the major factors driving the growth of the market.
The market size of low GWP refrigerants is anticipated to attain a CAGR of 12% over the forecast period, i.e., 2023-2035.
The major players in the market are Airgas, Inc., Sinochem Holdings Corporation Ltd., Tazetti S.p.A, Arkema S.A., The Chemours Company, A-Gas International Limited, Shandong Yuan Chemical Industry Co., Ltd., Harp International Ltd., Honeywell International Inc.
The hydrocarbons segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Europe region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.