Middle East Refrigerants Market Analysis

Ammonia refrigerant surpassed USD 10,670 thousand in 2020 and is anticipated to witness significant gains in the predicted period. Ammonia is used as main refrigerant in industrial refrigeration systems owing to its superior thermodynamic properties and low operating cost. Regulatory oversight on refrigerants has led to increased use of ammonia as a refrigerant as it does not contribute to global warming and ozone depletion. Industrial and commercial applications of ammonia include thermal storage systems,

HVAC chillers, process cooling and air conditioning. Increasing use of ammonia as a refrigerant for food preservation in food and beverage facilities will strengthen the Middle East refrigerants market growth.

Ammonia offers a characteristic odour owing to its use in detection of ammonia leakage in various industrial and commercial refrigeration systems which enhances safety and is likely to boost the Middle East refrigerants market growth. This property of ammonia enhances its application in oil & gas industry as it is detectable which can avoid workplace injury and accidents associated with gas leakage.

Massive industries including chemical and petrochemical industry highly rely on large scale eco-friendly refrigeration systems owing to high amount of heat removal during day to day operations which is anticipated to boost demand for ammonia refrigerants. Furthermore, ammonia offers better heat transfer properties as compared to other chemical refrigerants and benefits the thermodynamic efficiency and low electricity consumption.

Food & beverage application should surpass USD 116,215 thousand by 2027. Refrigeration demand for cold storage, distribution of food, and from food processing industry such as soft drink & brewing and dairy is expected to boost refrigerant consumption in turn stimulating market growth. Refrigeration systems extend shelf life of products and are used for transportation of food products including frozen foods and ice-creams. Rising consumer inclination towards frozen and processed fruits is anticipated to boost the middle east refrigerants market growth.

Importance of cold chain has increased owing to its use in food processing for air temperature control to ensure food product life. Products such as fish, dairy, meat, poultry require refrigeration systems for storing products at low temperatures and extended consumption periods. Furthermore, fruits and vegetable require refrigeration for shelf life and to reduce the rate of premature ripening which should boost the Middle East refrigerants market demand for refrigeration systems from food and beverage industry.

Saudi Arabia refrigerants market should register over USD 72,550 thousand by the end of 2027. Growing application of refrigerants in the food & beverage industry will boost the market growth during the projected timespan. Refrigerants are used in cooling systems, cold storage and pumping systems for food preservation and safety. Furthermore, the region is involved in natural gas production, consumption and export which is anticipated to boost product demand from regional oil & gas industry. Refrigerants have wide application in oil and gas industry during production process for cooling purposes. The region focuses on safety and environmental issues, which will boost the demand for environmental-friendly refrigerants.