Philippines Refrigerant Market to 2032
Overview
The Philippines Refrigerant Market is expected to reach a 163.10 USD Million by 2032 and is projected to grow at a CAGR of 5.18% from 2025 to 2032.
Revenue, 2024 (USD Million)
109.35
Forecast, 2032 (USD Million)
163.10
CAGR, 2024 - 2032
5.18%
Report Coverage
Philippines
Philippines Refrigerant Market 2018-2032 USD Million
Philippines Refrigerant Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 109.35 USD Million
- Projected Market Size (2032): 163.10 USD Million
- CAGR (2025-2032): 5.18%
Key Findings of Philippines Refrigerant Market
- The Philippines Refrigerant Market was valued at 109.35 USD Million in 2024.
- The Philippines Refrigerant Market is likely to grow at a CAGR of 5.18% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Commercial Refrigeration in End Use Segment accounted for the largest share of the market with a revenue of 70.14 USD Million
- The fastest growing segment Air Conditioning in Application Segment grew Fastest with a CAGR of 5.44% during the forecast period from 2024 to 2032.
Philippines Refrigerant Market Scope
Philippines Refrigerant Market Segmentation & Scope
Application
- Others
- Heat Pumps
- Chillers
- Refrigeration
- Air Conditioning
End Use
- Domestic/Household Refrigeration
- Industrial Refrigeration
- Commercial Refrigeration
GWP Category
- Low-GWP Refrigerants
- High-GWP Refrigerants
Product
- Hydrocarbon Refrigerant
- Inorganic Refrigerant
- Fluorocarbon Refrigerant
Philippines Refrigerant Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 109.35 USD Million |
| Market Value in 2032 | 163.10 USD Million |
| CAGR (2025-2032) | 5.18% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,End Use,GWP Category,Product |
Regional Insights:
-
Leading Market (2024-2032): Philippines, leading in terms of revenue 109.35 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 109.35 USD Million in 2024.
Segments and Scope
-
Philippines Refrigerant Market to 2032, By Application
- Air Conditioning is the largest segment in Philippines Refrigerant Market to 2032 with a revenue of 51.37 USD Million in the year 2024.
- Air Conditioning is the Fastest growing segment in Philippines Refrigerant Market to 2032 with a Growth rate of 5.44 % in forecast period 2025-2032.
-
Philippines Refrigerant Market to 2032, By End Use
- Commercial Refrigeration is the largest segment in Philippines Refrigerant Market to 2032 with a revenue of 70.14 USD Million in the year 2024.
- Commercial Refrigeration is the Fastest growing segment in Philippines Refrigerant Market to 2032 with a Growth rate of 5.29 % in forecast period 2025-2032.
-
Philippines Refrigerant Market to 2032, By GWP Category
- High-GWP Refrigerants is the largest segment in Philippines Refrigerant Market to 2032 with a revenue of 60.88 USD Million in the year 2024.
- Low-GWP Refrigerants is the Fastest growing segment in Philippines Refrigerant Market to 2032 with a Growth rate of 5.07 % in forecast period 2025-2032.
-
Philippines Refrigerant Market to 2032, By Product
- Fluorocarbon Refrigerant is the largest segment in Philippines Refrigerant Market to 2032 with a revenue of 56.26 USD Million in the year 2024.
- Fluorocarbon Refrigerant is the Fastest growing segment in Philippines Refrigerant Market to 2032 with a Growth rate of 5.36 % in forecast period 2025-2032.
Philippines Refrigerant Market Company Share Analysis
| Company Name |
|
||
| The Chemours Company | |||
| AIR LIQUIDE | |||
| Arkema | |||
| DAIKIN INDUSTRIES, Ltd. | |||
| Linde PLC | |||
Philippines Refrigerant Market Geographical Sales Distribution, 2018-2032 USD Million
Philippines Refrigerant Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Philippines Refrigerant Market is segmented based on Segmentation Application,End Use,GWP Category,Product.
Philippines Refrigerant Market was valued at USD 109.35(Revenue in USD Million) in 2024.
Philippines Refrigerant Market is projected to grow at a CAGR of 5.18% during the forecast period of 2024 to 2032.
The Commercial Refrigeration segment is expected to dominate the Philippines Refrigerant Market, holding a largest market share of 70.14 USD Million in 2024
Philippines Refrigerant Market Scope
Philippines Refrigerant Market Segmentation & Scope
Application
- Others
- Heat Pumps
- Chillers
- Refrigeration
- Air Conditioning
End Use
- Domestic/Household Refrigeration
- Industrial Refrigeration
- Commercial Refrigeration
GWP Category
- Low-GWP Refrigerants
- High-GWP Refrigerants
Product
- Hydrocarbon Refrigerant
- Inorganic Refrigerant
- Fluorocarbon Refrigerant
Frequently Asked Questions
The Philippines Refrigerant Market is segmented based on Segmentation Application,End Use,GWP Category,Product.
Philippines Refrigerant Market was valued at USD 109.35(Revenue in USD Million) in 2024.
Philippines Refrigerant Market is projected to grow at a CAGR of 5.18% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Refrigerant Market for final year is USD 163.10 (USD Million).
Philippines Refrigerant Market Company Profiling
Frequently Asked Questions
The Philippines Refrigerant Market is segmented based on Segmentation Application,End Use,GWP Category,Product.
Philippines Refrigerant Market was valued at USD 109.35(Revenue in USD Million) in 2024.
Philippines Refrigerant Market is projected to grow at a CAGR of 5.18% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Refrigerant Market for final year is USD 163.10 (USD Million).
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