Global Ammonia Refrigerant Market was valued at USD 0.80 Billion in 2022 and is projected to reach USD 1.10 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The ammonia refrigerant market has seen notable growth in recent years, driven by increasing demand for environmentally friendly refrigerants and rising energy efficiency concerns in the refrigeration and air conditioning sectors. As industries strive to reduce their carbon footprint, ammonia's low global warming potential (GWP) makes it an attractive alternative to synthetic refrigerants. Unlike other refrigerants, ammonia is naturally occurring and has a minimal impact on the environment, which explains its growing preference in applications ranging from industrial refrigeration to HVAC systems.
In 2020, the ammonia refrigerant market was valued at USD 3.1 billion and is projected to grow at a compound annual growth rate (CAGR) of 5.2% through 2030. The widespread adoption of ammonia refrigeration is primarily observed in North America and Europe, where governments are enforcing stricter regulations on the use of HFCs (hydrofluorocarbons) and other harmful chemicals. Additionally, the food and beverage sector, which heavily relies on refrigeration systems, is a major driver of ammonia's market expansion. The demand for energy-efficient solutions and the ongoing shift toward sustainable practices in industries such as pharmaceuticals, chemicals, and manufacturing further support the uptake of ammonia refrigerants.
One of the key advantages of ammonia as a refrigerant is its high efficiency in heat transfer and energy consumption, which results in lower operating costs for businesses. However, the toxic nature of ammonia can pose safety challenges in certain applications, which is why stringent safety protocols and regular maintenance are essential. Many companies in the market are now investing in advanced safety measures, such as leak detection systems and remote monitoring, to mitigate the risks associated with ammonia refrigerants.
The ammonia refrigerant market is also seeing technological advancements, with improvements in systems like ammonia-based heat pumps and the use of ammonia in district cooling systems. These developments enhance its efficiency while reducing environmental impacts. As a result, the market is expected to continue its upward trajectory, offering both environmental and financial benefits for businesses worldwide.
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Danfoss Group
The Linde Group
Aditya Air Products
Dehon Group
National Refrigerants
Jai Maruti Gas Cylinders
Amixo
Intergrated Packaged Systems
Aurochem Laboratories
Brooktherm Refrigeration
Sinochem Group
Engas Australasia
Harp International
Tazzetti
Puyang Zhongwei Fine Chemical
Shandong Yueon Chemical Industry
A-Gas International
Hychill Australia
GTS
A.S. Trust and Holdings
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Ammonia Refrigerant Market
Industrial Refrigeration
Heavy Commercial Refrigeration
Transport Refrigeration
Based on Types the Market is categorized into Below types that held the largest Ammonia Refrigerant market share In 2023.
PurityAbove 99%
PurityAbove 99.8%
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Ammonia Refrigerant Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Ammonia Refrigerant Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ammonia Refrigerant Market, By Type
6. Global Ammonia Refrigerant Market, By Application
7. Global Ammonia Refrigerant Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Ammonia Refrigerant Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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