According to the recent research report titled ‘Middle East Refrigerants Market Size By Refrigerants (Ammonia, Carbon Dioxide, Hydro-Chlorofluorocarbons), By Application (Food & Beverages, Oil & Gas, Chemicals & Petrochemicals), Industry Analysis Report, Country Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021-2027’, available with Market Study Report, Middle East refrigerants market is projected to record an appreciable growth rate over 2021-2027.
 

Surging demand from food & beverage industry, along with changing climate and increasing temperature boosting refrigeration needs are driving Middle East refrigerants market. Besides, preference for lower GWP (global warming potential) refrigerants is enhancing the overall market outlook.
 

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For the unaware, refrigerants are coolant gases used to regulate the temperature in refrigeration process. These materials are frequently used in air conditioners to help them regulate the temperature of a room. They exist in two states: gaseous and liquid. Ammonia, sulfur dioxide, and non-halogenated hydrocarbons like propane are some of the most popular refrigerants utilized in various applications.
 

Moreover, the pharmaceutical sector makes substantial use of refrigerants as drug development is a sensitive process that necessitates precise temperature control. Microorganism strains used in the manufacturing of medication and pharmaceuticals are kept in temperature-controlled environments. Thus, pharma sector depends on sophisticated refrigeration systems that enable accurate temperature adjustment of storage units and rooms, further augmenting Middle East refrigerants industry share.
 

On the downside, regulations against fluorocarbon refrigerants and illegal trading of the product are likely to hamper the remuneration scope of the industry.
 

As per refrigerants, Middle East refrigerants market share from others segment is anticipated to record 10.5% CAGR through 2027. Based on application spectrum, the others segment is projected to register a compound annual growth rate of 5.5% over the next seven years.   
 

Geographically, Kuwait industry is expected to record 6% CAGR during 2021-2027, while Turkey market is predicted to exhibit a 6.85% CAGR in the same timeframe. High living standards and population expansion have spurred the demand for additional HVAC solutions in the region, which is projected to drive the market forward. On the other hand, Bahrain market is projected to bolster at 7.5%, while Oman is anticipated to register a CAGR of 5.5% through 2027.
 

Key players impacting Middle East refrigerants marketplace are Al Waleed Chemical Industry LLC, GASPECS, Buzwair Industrial Gases Factories, Air Liquide S.A., Dubai Industrial Gases (DIG), Abdullah Hashim Industrial Gases & Equipment Co. Ltd.(AHG), Brothers Gas Bottling & Distribution Co. LLC, Linde plc, Gulf Cryo, Daikin Industries Ltd., Harp Middle East LLC, Arkema Inc., and Honeywell International Inc.