According to a new report by the MicroMarket Monitor, the Asia-Pacific hydrocarbon market will reach $128.5 million in four years.
The report–Europe Hydrocarbon Refrigerants Market–analyses hydrocarbon refrigerant markets by four major applications–domestic refrigerants, stationary AC, mobile AC and others. The Asia-Pacific market is the largest consumer of hydrocarbon refrigerants in the world–China, Japan and India being the key countries, due to their large use of hydrocarbon refrigerants in comparison to the rest of the Asia-Pacific market.
The major applications of hydrocarbon refrigerants in the Asia-Pacific market are refrigeration (on domestic, commercial, transport and industrial levels) and air conditioning (stationary AC, mobile AC and chiller & hydronic heat pumps).
The popularity of hydrocarbon refrigerants is increasing due to their low global warming potential, despite the fact that they are flammable.
More information on the findings of the report can be found here.
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