Global Hydrocarbon Refrigerants Market, By Type (Propane, Isobutene, Propylene and Others), Application (Refrigerators, Chillers, Air Conditioners, Heat Pumps and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Hydrocarbon Refrigerants Market
Data Bridge Market Research analyses that the hydrocarbon refrigerants market will witness a CAGR of 8.25% for the forecast period of 2021-2028. Increase in the demand for hydrocarbon refrigerants for a wide range of applications such as refrigerators, chillers, air conditioners, heat pumps and others, growth and expansion of consumer appliances industry especially in the developing economies such as India and China and surge in industrialization in the developing countries are the major factors attributable to the growth of the hydrocarbon refrigerants market.
The hydrocarbon refrigerants chemicals are non-toxic refrigerants and have a low impact on the environment in terms of ozone layer depletion and global warming. The hydrocarbon refrigerants chemicals are used for a wide range of residential and commercial purposes.
Stringent regulations imposed by the government of the application of fluorinated gases coupled with increased initiatives to spread awareness among population is the root cause fuelling up the hydrocarbon refrigerants market growth rate. Rising application of hydrocarbon refrigerants by the various end user verticals is another factor responsible for propelling growth in the hydrocarbon refrigerants market value. The changing lifestyles, food habits and increasing demand of time and energy saving appliances will further create lucrative growth opportunities for the hydrocarbon refrigerants market. Rising industrialization coupled with increased awareness about the properties of hydrocarbon refrigerants such as cheaper prices and low global warming potential and greenhouse gas emissions ratings will also directly and positively impact the growth rate of the market. The growing demand of the cooling equipment in developing economies, increasing preferences towards the consumption of frozen food and dairy products and increasing personal disposable income are some other important hydrocarbon refrigerants market growth determinants.
However, illegal trading practices for hydrocarbon refrigerants will pose a major challenge to the growth of the market. Stringent regulations against fluorocarbon refrigerants will also reduce the hydrocarbon refrigerants market growth rate.
This hydrocarbon refrigerants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on hydrocarbon refrigerants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hydrocarbon Refrigerants Market Scope and Market Size
The hydrocarbon refrigerants market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the hydrocarbon refrigerants market is segmented into propane, isobutene, propylene and others.
- On the basis of application, the hydrocarbon refrigerants market is segmented into refrigerators, chillers, air conditioners, heat pumps and others. Refrigerators segment is sub-segmented into domestic, commercial and industrial. Air conditioners segment is sub-segmented into window, split ACs, VRF, MAC and others. Others segment is further bifurcated into packaged terminal and packaged rooftop.
Global Hydrocarbon Refrigerants Market Country Level Analysis
The hydrocarbon refrigerants market is analysed and market size, volume information is provided by country, type and application referenced above.
The countries covered in the hydrocarbon refrigerants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the hydrocarbon refrigerants market and will continue to flourish its trend of dominance during the forecast period as well. Abundant availability of raw materials is one of the major factors fostering the growth of hydrocarbon refrigerants market in this region. India and China will emerge as the major contributors from this region owing to the growing economy and increasing population. Increasing expenditure for the research and development proficiencies to find out more environmentally friendly refrigerants will also drive the growth of market in this region.
The country section of the hydrocarbon refrigerants market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hydrocarbon Refrigerants Market Share Analysis
The hydrocarbon refrigerants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hydrocarbon refrigerants market.
The major players covered in the hydrocarbon refrigerants market report are Linde, A-Gas, SRS Frigadon., NIDEC CORPORATION, Beijer Ref AB, eurammon e.V., True Manufacturing Co., Inc., Air Liquide, Sinochem, Harp International Ltd.., Tazzetti S.p.A., Oz-Chill Refrigerants, Zhejiang Fotech International Co.,Ltd., HyChill Australia, GTS SPA, engas Australasia, Airgas, Inc., Arkema, Honeywell International Inc. and AGC Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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