Ammonia Refrigerant Industry Global Overview: Market Size, Growth Insights and Forecast
Report ID : 1289903 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Ammonia Refrigerant Industry is categorized based on Application (Commercial Refrigeration, Industrial Refrigeration, Transport Refrigeration, Food Processing, Others) and End-User Industry (Food & Beverage, Pharmaceuticals, Chemical Processing, HVAC, Others) and Product Type (Cylinders, Bulk Storage Systems, Chillers, Condensers, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The Ammonia Refrigerant Industry, valued at $7.5 billion in 2023, is anticipated to expand to $10.2 billion by 2033 at a CAGR of 3.2% from 2024 to 2033. This report covers different segments and offers an analysis of the substantial trends and factors affecting the market.
The ammonia refrigerant market is undergoing change into the emerging new segments because of the demand for environment friendly and efficient cooling systems in different sectors. With the reach of refrigerants and their adverse impact on the environment, ammonia has gained fame as one of the alternatives due to its very low global warming potential and lesser cooling energy requirements. This development is not only changing the scenario of refrigeration but also encourages creativity in the ways of making uses of the technology and applications which guarantees the use of ammonia in the future.
Moreover, in the last few years, the introduction of harsh rules for the reduction of greenhouse gas emissions have led to an even greater acceptance of the use of ammonia refrigerants. Refrigerating Systems in food processing, chemical, and logistic industries are discovering the possibilities of using ammonia systems because they are not only environmentally friendly, but also saves costs in the long run. With the increased effort of the companies for improving the green image, while being efficient in their operations, the ammonium refrigerant industry is likely to gain new business chances along with the existing ones in this segment.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Honeywell International Inc., Messer Group, Air Products and Chemicals Inc., Jiangsu Huachang Chemical Co. Ltd., The Linde Group, Atlas Copco AB, NEDERMAN GROUP, Nicolas Correa S.A., Nitto Denko Corporation, Daikin Industries Ltd., Carrier Global Corporation |
| SEGMENTS COVERED |
By Application - Commercial Refrigeration, Industrial Refrigeration, Transport Refrigeration, Food Processing, Others
By End-User Industry - Food & Beverage, Pharmaceuticals, Chemical Processing, HVAC, Others
By Product Type - Cylinders, Bulk Storage Systems, Chillers, Condensers, Others
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Ammonia Refrigerant Industry Dynamics
The Ammonia Refrigerant Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Ammonia Refrigerant Industry Segmentations
Market Breakup by Application
- Overview
- Commercial Refrigeration
- Industrial Refrigeration
- Transport Refrigeration
- Food Processing
- Others
Market Breakup by End-User Industry
- Overview
- Food & Beverage
- Pharmaceuticals
- Chemical Processing
- HVAC
- Others
Market Breakup by Product Type
- Overview
- Cylinders
- Bulk Storage Systems
- Chillers
- Condensers
- Others
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Ammonia Refrigerant Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Honeywell International Inc.
- Messer Group
- Air Products and Chemicals Inc.
- Jiangsu Huachang Chemical Co. Ltd.
- The Linde Group
- Atlas Copco AB
- NEDERMAN GROUP
- Nicolas Correa S.A.
- Nitto Denko Corporation
- Daikin Industries Ltd.
- Carrier Global Corporation
Customization Options
Verified Industry Insights offers one of the following report customization options to our respectable clients :
Company Profiling
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research
Verified Industry Insights offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or call us at +1 743 222 5439
© 2024 Verified Industry Insights. All Rights Reserved