The ammonia refrigerants market is projected to reach USD 86.5 million by 2030, at a CAGR of 5.7% from USD 55.5 million in 2022. Ammonia is one of the most efficient refrigerants available and has a wide range of uses at different temperature and capacity. In addition to being natural the use of ammonia opens up the possibility of reduced energy consumption and secures long-term costs efficiency and sustainability. Ammonia is most commonly used for air conditioning systems and refrigeration systems.
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Market Dynamics
Driver: Eco-friendly aspect to drive the market
One of the biggest advantages of ammonia gas as the
refrigerant is that it is safe to the environment and does not cause any
depletion of the ozone layer. Due to this it won’t have to be replaced with any
alternative refrigerants as is the case with number of chlorofluorocarbons
(CFCs). Ammonia is the oldest of all the refrigerants being used and it will
compete with the new refrigerants for a number of years to come. Now,
considering the known environmental concerns with newer refrigerants many are
returning to refrigerants like ammonia, which have zero environmental impact.
The refrigeration process remains the same regardless of the refrigerant used
to transfer heat out of the system. This factor will drive the growth of the
market in the forecast period.
Restraints: Inflammability of ammonia to pose as a
threat for market growth
The downside of ammonia is that it is a toxic
refrigerant. It can also be flammable at certain concentrations. For this reason, all ammonia systems need to
be designed with safety. Ammonia does not burn without a supporting flame since
it has ignition energy 50 times higher than natural gas. It is rated “hardly
flammable’ due to its high affinity for atmospheric humidity. Also, it has a
characteristic smell which provides clear warning signs of a toxic leak. In
addition, ammonia is lighter than air and rises quickly into the atmosphere if
well ventilated.
Opportunities: Lower long-term operation costs can
drive the growth of market
According to the International Institute of Ammonia
Refrigeration (IIAR), ammonia is 3 to 10% more thermodynamically efficient than
competitive refrigerants. This allows an ammonia-based refrigeration system to
achieve the same cooling effect while using less power. As a result, where
ammonia refrigeration is appropriate, it can offer lower long-term operation
costs. This factor will drive the growth of the market in the forecast period.
Challenges: Accidental exposure to high concentrations
of ammonia to pose as a challenge
Ammonia has always been a popular choice for
Industrial Refrigeration, but now with new regulations and environmental
concerns over other refrigerants, there is a renewed focus on ammonia-based
systems. The biggest risk that may occur is an ammonia leak, which is both a
health and safety hazard. The most common health concerns with ammonia are skin
burns and difficulty breathing, as well as death only in the rarest cases.
“Purity 99.8% was the largest type of Ammonia refrigerants
market in 2021, in terms of value”
Purity 99.8% ammonia is a clear liquid that boils
at a temperature of -28°F. In refrigeration systems, the liquid is stored in
closed containers under pressure. When the pressure is released, the liquid
evaporates rapidly, generally forming an invisible vapor or gas. The rapid
evaporation causes the temperature of the liquid to drop until it reaches the
normal boiling point of -28°F, a similar effect occurs when water evaporates
off the skin, thus cooling it.
“Cold storage was the largest application for
Ammonia refrigerants market in 2021, in terms of value”
Cold Storages held the largest share in the ammonia
refrigerant market in terms of application. The demand for convenience foods
has raised resulted in the construction of millions of square feet of both
public and private cold storage facilities. These cold storage warehouses
consist of freezers and coolers dependent on ammonia refrigeration systems to
control temperatures within the spaces to maintain product quality and
freshness until shipped.
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“Purity 99.8% was the largest type of Ammonia
refrigerants market in 2021, in terms of value”
Purity 99.8% ammonia is a clear liquid that boils
at a temperature of -28°F. In refrigeration systems, the liquid is stored in
closed containers under pressure. When the pressure is released, the liquid
evaporates rapidly, generally forming an invisible vapor or gas. The rapid
evaporation causes the temperature of the liquid to drop until it reaches the
normal boiling point of -28°F, a similar effect occurs when water evaporates
off the skin, thus cooling it.
“Cold storage was the largest application for
Ammonia refrigerants market in 2021, in terms of value”
Cold Storages held the largest share in the ammonia
refrigerant market in terms of application. The demand for convenience foods
has raised resulted in the construction of millions of square feet of both
public and private cold storage facilities. These cold storage warehouses
consist of freezers and coolers dependent on ammonia refrigeration systems to
control temperatures within the spaces to maintain product quality and
freshness until shipped.
Key Market Players
The key players in this market Harp International
Limited (UK), Aditya Air Products (India), A-Gas International Limited (UK),
Hychill Australia (Australia), Danfoss Group (Denmark), Linde plc (UK),
National Refrigerants Ltd (UK), Sinochem Corporation (China), The Dehon Group
(France), and Tazzetti SPA (Italy). Continuous developments in the
market—including new product launches, mergers & acquisitions, agreements,
and expansions—are expected to help the market grow. Leading manufacturers of
Ammonia refrigerants have opted for new product launches to sustain their
market position.
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