R22 Refrigerant Market - Forecast(2020 - 2025)
Overview R22 Refrigerant Market size is forecast to reach $4.87 billion by 2025, after growing at a CAGR of 5.48% during 2020-2025. The R22 refrigerant market is driven by refrigeration and air-conditioning application across a wide range of temperatures. R22 refrigerant market is a colorless gas and is known as Chlorodifluoromethane has been used as a substitute for chlorofluorocarbon (CFC) after phase out, which has propelled the demand for R22 refrigerant across various segments. Report Coverage The report: “R22 Refrigerant Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the R22 Refrigerant Industry. Key Takeaways Asia-Pacific dominates the R22 refrigerant market owing to strong consumption of air conditioners in China, Japan, and other developing countries. The refrigerant industry is focusing towards the alternative to the Ozone Depleting refrigerant. As the industry faces the regulations to phase out Ozone Depletin