Natural refrigerant Market Growth Strategies and Segment Outlook till 2029

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Natural refrigerant market by Type (Ammonia, Carbon dioxide, Hydrocarbons, Others), by End user (Commercial, Industrial, Domestic), and Region, Global trends and forecast from 2022 to 2029

The natural refrigerant market is expected to grow at 10.8% CAGR from 2022 to 2029. It is expected to reach above USD 3.18 Billion by 2029 from USD 1.40 Billion in 2020.

Segment Analysis
The natural refrigerant market is segmented based on type, end user and region. By type, the market is bifurcated into (Ammonia, Carbon dioxide, Hydrocarbons, Others). By end user into (Commercial, Industrial, Domestic), and region.

Carbon dioxide is a form of gas that is colorless, heavier than air under normal circumstances, and odorless at low quantities. Its chemical symbol is CO2, R-744. Due to it not being harmful or combustible. The ozone layer is not affected by carbon dioxide at all. R-744, however, can be regarded as not causing climate change because it is produced as a byproduct of industrial processes and would otherwise be released into the atmosphere. Another benefit of R-744 is that it has a low price, a great coefficient of thermal transfer, and a very low viscosity.

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