The Chemours Company, Honeywell International Inc. and ARKEMA SA are Dominating the Market for Global Refrigerant Market in 2016

The Global Refrigerant Market is segmented on the basis of industry and application. The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024.  The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The global refrigerant market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.The Chemours Companydominated the refrigerant market accounting for a highest market share in 2016, followed byHoneywell International Inc. and Arkema SA. Other players in this market includeDongyue Group Ltd, The Linde Group, Daikin Industries, Ltd., Mexichem S.A.B. de C.V., Sinochem Group, Air Liquide, A-Gas, Shandong Yue'an Chemical Co., Ltd, Gas Servei, Zhejiang Fotech International Co. Ltd., Srf Limited, Asahi Glass Co., Ltd, Quimobasicos SA de CV, Changshu 3F Fluorochemical Industry Co., Ltd., OZ-Chill Refrigerants, Tazzetti S.P.A. among others.

The Chemours Company:

Founded in 2015 and headquartered in Wilmington, Delaware, U.S. Chemours Company is a leading global provider of performance chemicals. The company operates in titanium technologies, fluoroproducts and chemical solutions business segments. Fluoroproducts segment is a leading global provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins. The fluoroproducts segment offers a wide range of refrigerants across various industries.

The company’s regional locations are North America, Asia-Pacific, EMEA and Latin America. Some of its subsidiaries include The Chemours Company TT, LLC, Chemours International Operations Sàrl, Chemours Deutschland GmbH, Chemours China Limited, The Chemours (Taiwan) Company Limited and many more.

Recent Developments:

  1. In February 2017, The Chemours Company opened the new HFO-1234yf production facility in Chemours Corpus Christi plant in Ingleside, Texas for the development of low GWP refrigerants. That will triple the company's world-leading capacity for its HFO-1234yf-based-products.

Honeywell International Inc.:

Founded in 1906 and headquartered in New Jersey, U.S. Honeywell international Inc. invents and manufactures technologies that address some of the world’s most critical challenges around energy, safety, security, productivity and global urbanization. The company operates in Aerospace, Home and Building Technologies, Performance Materials & Technologies and Safety & Productivity Solutions business segments. The company offers the various types of refrigerants such as Solstice N40, Solstice N13, Solstice yf Refrigerant and others.

The company operates in United States, Europe and other international regions. The company’s subsidiary Intermec, Notifier, Honeywell Aerospace, Elster, Honeywell Security, UOP LLC, Tridium, Inc., Sperian Protection, RAE Systems and among others.

Recent Developments:

  1. In May 2017, Honeywell international Inc. opened the new next-generation auto air-conditioning refrigerant plant in Louisiana for the development of low GWP auto refrigerants.
  2. In April 2016, Honeywell international Inc. entered into a supply agreement with a Chinese manufacturer to produce Honeywell Solstice yf. This will expand its global supply base for this low-global-warming-potential mobile air conditioning refrigerant.
  3. In March 2016, Honeywell entered into a supply agreement and technology license with an Indian manufacturer to produce Honeywell Solstice yf, an automobile refrigerant with a global warming potential of less than 1.

Arkema SA:

Founded in 2004 and headquartered in Colombes, France. Dongyue group Co. Ltd. is a designer of materials and innovative solutions. The company operates in high performance materials, industrial specialties and coating solutions business segments. The offers the various type of refrigerants such as Forane 134a, 404A, Forane and others.

The company operates in more than 50 countries of Asia Pacific, Eastern Europe, South America, Middle East and Africa and North America  The company’s subsidiary are ARKEMA K.K., CECA, Coatex and among others.