Growing Demand for Freezers and Air Conditioners is Driving the growth of Europe Refrigerant Market in the forecast period of 2019 to 2026

Europe Refrigerant Market is projected to register a substantial CAGR of 5.5% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026

Europe Refrigerant Market

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Drivers: Europe Refrigerant Market

  • Expansion of cold chain storage market
  • Inclination towards advanced models of refrigerators

Restraints:

  • Strengthening regulation on HFC Emission
  • High cost of environment friendly substitutes

Opportunity:

  • Phasing out of HFC & HCFC paving way for new technologies

Challenge:

  • Increase in complexity owing to old refrigerants phasing out

Market Trends:

Europe refrigerant market is categorized into two notable segments which are application and industry.

  • On the basis of application, the market is segmented into refrigerators, large-scale refrigerators, chillers, air conditioners, heat pumps and others, in which air conditioners segment is dominating the Europe refrigerant market because of the increase in the applications in air conditioners. It provides absorption of heat from the environment and refrigeration or air conditioning when it gets combined with other components such as compressors and evaporators
  • On the basis of industry, the market is segmented into domestic household refrigeration, light commercial refrigeration, commercial racks and condensing units and industrial refrigeration, in which domestic household refrigeration segment is dominating the Europe refrigerant market because of the residential consumption of equipment’s where refrigerants are extensively used as compared to the other industries

Key Market Players: Europe Refrigerant Market ​​​​​​​

The key market players for Europe refrigerant market are Arkema, Dongyue Group, Honeywell International, Inc., The Chemours Company, Gas Servei, Gujarat Fluorochemicals Ltd., AGC Inc., Quimobasicos SA de CV, Linde, DAIKIN INDUSTRIES, Ltd., Mexichem S.A.B. de C.V., Zhejiang Fotech International Co.Ltd., Tazzetti S.p.A., SRF Limited, Changshu Sanaifu Zhonghao Chemical New Material Co., Ltd., SINOCHEM GROUP CO., LTD., Shandong Yue'an Chemical Co., Ltd, Air Liquide and SOL Spa among others