Refrigerants Industry - Regional Synopsis
Regionally, the refrigerants market is segmented into five major regions including North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
North America industry is anticipated to hold largest revenue share by 2037, attributed to growing demand for cooling equipment to store packaged foods, as well as increasing availability of cold storage facilities in the region. The United States, which is known to be the largest consumers of packaged food products around the world, also has several end users who require cooling equipment to support their supply chain requirements. On the other hand, the market in the Asia Pacific is anticipated to grow with the highest CAGR during the forecast period owing to the presence of numerous countries in the region which fall under temperate climate, and hence require cooling equipment in both commercial and residential setting to keep foods and other products fresh.
