Ammonia Refrigerant Market was valued at USD 6.84 Billion in 2022 and is projected to reach USD 10.13 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The ammonia refrigerant market witnessed substantial growth in 2022, with the market size reaching approximately USD 6.5 billion. The sector experienced a compound annual growth rate (CAGR) of 8.2% from 2022 to 2027, driven by increasing industrial applications and a growing focus on energy-efficient and environmentally friendly cooling solutions. Key drivers include the rising adoption of ammonia refrigerants in industrial refrigeration systems, which benefits from its low global warming potential and high efficiency. Additionally, stringent environmental regulations favoring natural refrigerants have bolstered market expansion, leading to robust demand across various end-user industries.
Emerging market reports indicate significant opportunities for growth in developing regions, where industrialization and urbanization are accelerating the need for advanced refrigeration technologies. The shift towards sustainable and eco-friendly refrigerant options presents a lucrative opportunity for market players to innovate and expand their product offerings. As economies in Asia-Pacific, Latin America, and Africa continue to grow, they represent promising markets for ammonia refrigerants, particularly in sectors such as food and beverage, pharmaceuticals, and cold storage. The ongoing advancements in ammonia refrigeration technology and increasing investments in infrastructure are expected to further drive market growth and open new avenues for market participants.
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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, Japan, 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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