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Middle East Refrigerants Market Share

Report ID: GMI5054
Published Date: May 2021
Report Format: PDF

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Middle East Refrigerants Market Share

Middle East refrigerants industry is competitive and includes various market players including

Gulf Cryo
Linde
Arkema
Honeywell International
Daikin Industries
Harp Middle East LLC
Brothers Gas Bottling
Abdullah Hashim Industrial Gases & Equipment
Air Liquide
GASPECS
Buzwair Industrial Gases Factories
AL Waleed Chemical Industry LLC.
Distribution Co. LLC.

Companies are primarily engaged in strategic acquisitions to expand distribution networks and production capacity.

In April 2021, whole foods Market, a global natural & organic foods retailer, adopted Honeywell’s lower Global Warming Potential (GWP) refrigerant Solstice N40 (R-448A) in its stores across the U.S. This is expected to enhance the company’s customer base and brand value.

In April 2021, Lotte Mart adopted Honeywell’s Solstice N40 (R-448A) in its stores all across Vietnam. This is expected to enhance the company’s customer base and brand value.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

On the basis of product, refrigerants are categorized into carbon dioxide, ammonia, hydro chloro-fluorocarbon, and others.

The Middle East refrigerants market size surpassed USD 145,970 thousand in 2020 and will expand at a CAGR of 6.85% from 2021 to 2027.

Ammonia exceeded USD 10,670 thousand in 2020 and will record substantial growth due to low operating cost and superior thermodynamic properties of the refrigerant.

Food & beverage applications will record 116,215 thousand through 2027 owing to the surging refrigeration demand for cold storage, distribution of food, and from the food processing industry.