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Middle East Refrigerants Market - By Refrigerants (Ammonia, Carbon Dioxide, Hydro-Chlorofluorocarbons), By Application (Food & Beverages, Oil & Gas, Chemicals & Petrochemicals) & Forecast, 2021-2027

  • Report ID: GMI5054
  • Published Date: May 2021
  • Report Format: PDF

Industry Overview

Middle East refrigerants market size exceeded USD 145.97 Million in 2020 and is estimated to grow at a CAGR of 6.85% between 2021 and 2027. Massive industries rely on refrigerant systems for their operations of heat removal which is expected to drive middle east refrigerants business growth.

Refrigerants are compounds found in gaseous and fluid form and they perform primary function of absorbing heat from the environment. The refrigerants in a heat cycle transfer heat from one area to the other and provide air conditioning and refrigeration when combined with other components including compressors and evaporators. Refrigerants are used in air conditioning, fridge, freezers, and vehicle air conditioners.

Middle East Refrigerants Market Outlook

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Refrigerants have applications in various industries including pharmaceutical, oil & gas, chemical and petrochemical, metallurgy and food & beverage owing to its increased demand for production of industrial refrigeration systems for cooling applications. Gases including propane, carbon dioxide, ammonia and hydro chloro-fluorocarbon are used as refrigerants in various refrigeration systems. Moreover, rising use of refrigerants in various industrial operations including on shore, offshore, freezing, preservation is anticipated to stimulate the Middle East refrigerants market share.

Increasing use of ammonia refrigerants in commercial and industrial refrigeration should drive middle east refrigerants business growth

Middle East Refrigerants Market by Ammonia Refrigerant

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Ammonia refrigerant surpassed USD 10,670 thousand in 2020 and is anticipated to witness significant gains in the predicted period. Ammonia is used as main refrigerant in industrial refrigeration systems owing to its superior thermodynamic properties and low operating cost. Regulatory oversight on refrigerants has led to increased use of ammonia as a refrigerant as it does not contribute to global warming and ozone depletion. Industrial and commercial applications of ammonia include thermal storage systems,

HVAC chillers, process cooling and air conditioning. Increasing use of ammonia as a refrigerant for food preservation in food and beverage facilities will strengthen the Middle East refrigerants market growth.

Ammonia offers a characteristic odour owing to its use in detection of ammonia leakage in various industrial and commercial refrigeration systems which enhances safety and is likely to boost the Middle East refrigerants market growth. This property of ammonia enhances its application in oil & gas industry as it is detectable which can avoid workplace injury and accidents associated with gas leakage.

Massive industries including chemical and petrochemical industry highly rely on large scale eco-friendly refrigeration systems owing to high amount of heat removal during day to day operations which is anticipated to boost demand for ammonia refrigerants. Furthermore, ammonia offers better heat transfer properties as compared to other chemical refrigerants and benefits the thermodynamic efficiency and low electricity consumption.

Increased dependence on imported food & beverage products should stimulate middle east refrigerants market growth

Middle East Refrigerants Market by Food & Beverage Application

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Food & beverage application should surpass USD 116,215 thousand by 2027. Refrigeration demand for cold storage, distribution of food, and from food processing industry such as soft drink & brewing and dairy is expected to boost refrigerant consumption in turn stimulating market growth. Refrigeration systems extend shelf life of products and are used for transportation of food products including frozen foods and ice-creams. Rising consumer inclination towards frozen and processed fruits is anticipated to boost the middle east refrigerants market growth.

Importance of cold chain has increased owing to its use in food processing for air temperature control to ensure food product life. Products such as fish, dairy, meat, poultry require refrigeration systems for storing products at low temperatures and extended consumption periods. Furthermore, fruits and vegetable require refrigeration for shelf life and to reduce the rate of premature ripening which should boost the Middle East refrigerants market demand for refrigeration systems from food and beverage industry.

Rising demand for environmental-friendly refrigerants should accelerate market growth in Saudi Arabia

Saudi Arabia Refrigerants Market

Saudi Arabia refrigerants market should register over USD 72,550 thousand by the end of 2027. Growing application of refrigerants in the food & beverage industry will boost the market growth during the projected timespan. Refrigerants are used in cooling systems, cold storage and pumping systems for food preservation and safety. Furthermore, the region is involved in natural gas production, consumption and export which is anticipated to boost product demand from regional oil & gas industry. Refrigerants have wide application in oil and gas industry during production process for cooling purposes. The region focuses on safety and environmental issues, which will boost the demand for environmental-friendly refrigerants.

Strategic acquisition including expansion of distribution network and production capacity are the business strategies adopted by manufacturers

Middle East refrigerants industry is competitive and includes various market players including Gulf Cryo, Linde, Arkema, Honeywell International, Daikin Industries, Harp Middle East LLC, Brothers Gas Bottling, Abdullah Hashim Industrial Gases & Equipment, Air Liquide, GASPECS, Buzwair Industrial Gases Factories, AL Waleed Chemical Industry LLC. and distribution Co. LLC. Companies are primarily engaged in strategic acquisitions to expand distribution networks and production capacity.

In April 2021, whole foods Market, a global natural & organic foods retailer, adopted Honeywell’s lower Global Warming Potential (GWP) refrigerant Solstice N40 (R-448A) in its stores across the U.S. This is expected to enhance the company’s customer base and brand value.

In April 2021, Lotte Mart adopted Honeywell’s Solstice N40 (R-448A) in its stores all across Vietnam. This is expected to enhance the company’s customer base and brand value.

Middle East Refrigerants market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Tons) and revenue in USD (Thousand) from 2016 to 2027 for the following segments:

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By Refrigerant

  • Ammonia
  • Carbon Dioxide
  • Hydro chloro-fluorocarbon
  • Others

By Application

  • Food & beverage
  • Oil & Gas
  • Chemical & Petrochemical
  • Others (Metallurgy and pharmaceutical)

The above information has been provided for the following regions:

By Country

  • Middle East
    • Saudi Arabia
    • UAE
    • Oman
    • Turkey
    • Qatar
    • Kuwait
    • Bahrain


Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

On the basis of product, refrigerants are categorized into carbon dioxide, ammonia, hydro chloro-fluorocarbon, and others.

The Middle East refrigerants market size surpassed USD 145,970 thousand in 2020 and will expand at a CAGR of 6.85% from 2021 to 2027.

Ammonia exceeded USD 10,670 thousand in 2020 and will record substantial growth due to low operating cost and superior thermodynamic properties of the refrigerant.

Food & beverage applications will record 116,215 thousand through 2027 owing to the surging refrigeration demand for cold storage, distribution of food, and from the food processing industry.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 13
  • Tables & Figures: 108
  • Countries covered: 7
  • Pages: 120
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