Middle East Refrigerants Market Opportunities and

Middle East Refrigerants Market Opportunities and Upcoming
Developments 2027

The Middle East refrigerants market is slated to witness
exponential growth on account of the rising need for lower GWP components and
growing concerns over ozone depletion and climate changes. Refrigerants are
mainly working fluids that have widespread applications for cooling in
refrigeration systems and heat pumps.

Driven by these trends, a recent research report has
revealed that the Middle East refrigerants market size will cross USD 232,035
thousand in annual estimation by 2027.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/5054

These refrigerant systems, which are incorporated based on
their toxicity and flammability, undergo a repetitive transition from the
liquid phase to the gas phase. Furthermore, gases such as carbon dioxide
ammonia, and hydrochlorofluorocarbon are increasingly employed in manufacturing
metallurgy, oil & gas, and pharmaceutical, among various other industrial
applications in the region.

The demand for hydro-chlorofluorocarbon (HCFC) refrigerants
in Middle East is anticipated to record around 11785 USD thousand in the
predicted timeframe. This is mainly ascribing to the presence of fluorine,
chlorine, carbon, and hydrogen atoms in HCFC which reduces its stability while
giving a shorter lifespan in the atmosphere and bringing fewer damages to the
ozone. Furthermore, there is rising penetration of the compound as a
refrigerant compared to CFC in air conditioning and refrigeration applications.

The regional adoption of ammonia refrigerants is likely to
witness a CAGR of more than 10% through 2027 on account of their depleting
operating costs and lower electricity consumption.

Middle East refrigerants industry share from food &
beverage applications will cross USD 116210 thousand through 2027. This can be
attributed to the utilization of refrigerants in the storage of different
processed food products in order to extend their shelf life as well as in the
commutation of frozen food products.

Chemical & petrochemical applications of refrigerants in
the Middle East accounted for close to USD 19810 thousand in 2020 driven by
growing adoption for heat removal across various cooling processes. This is
owing to the surge in operations, such as crystallization and condensation in
the chemical and petrochemical sectors that need heat removal functions to
derive their products from largescale cooling plants. In addition, the jump in
the number of investments for acquiring novel technologies has led to the
increase in chemical exports, further adding a positive edge to the chemical
and petrochemical vertical expansion in the region.

Browse complete summary of this research report @ https://www.gminsights.com/industry-analysis/middle-east-refrigerants-market

The value of the refrigerant market in the UAE is expected
to experience gains at over 7.5% through the analysis timeframe. This is due to
the increasing penetration of the product in several onshore and offshore
applications for cooling purposes and the presence of a robust oil & gas
sector in the country. The low manufacturing costs and higher quality of
refrigeration, as well as air-conditioning systems, are other factors
contributing to the regional industry growth.

Suppliers of various types of refrigerants in the Middle
East are turning to various marketing strategies like novel product launches,
acquisitions, partnerships, and investments, and numerous other supportive
growth initiatives to expand their customer base and portfolio. For instance,
Honeywell, in October 2019, introduced its first-ever application, New
Generation® App, in order to tackle fake refrigerants in the Middle East
region.

The COVID-19 pandemic substantially slowed down the economy
in the Middle East region and laid significant effects on millions of
businesses. Owing to the severity and escalation of the infection rate, several
governments imposed nationwide lockdowns and social distancing policies, which
gave rise to disrupted industrial operations. It also significantly impacted
the manufacturing industry in the region and stalled the production as well as
supply of refrigerants. However, with the business operations now gradually
picking up steam in the Middle East, the industry forecast is likely to soar.

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware,
U.S., is a global market research and consulting service provider, offering
syndicated and custom research reports along with growth consulting services.
Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy,
and biotechnology.