Global Refrigerant Market, By Type (HCFCs, HFCs, HFOs, Isobutane, Propane, Ammonia, Carbon Dioxide, Others), Application (Refrigerators, Large-Scale Refrigerators, Chillers, Air Conditioners, Heat Pumps and Others), Industry (Domestic Household Refrigeration, Light Commercial Refrigeration, Commercial Racks and Condensing Units, Industrial Refrigeration), 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
The refrigerant market is expected to witness market growth at a rate of 4.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on refrigerant market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of refrigerant market.
Refrigerant refers to a substance which is used for absorbing heat from another required substance. In a refrigerating system, the channel of heat transfer picks up the heat by evaporating at a low temperature and pressure. It provides heat on condensing at a higher temperatures and pressure that is done by a fluid which is called as refrigerant.
The increase in demand for consumer appliances across the globe acts as one of the major factors driving the growth of refrigerant market. The rise in the demand for better maintenance of industrial equipment that require cold surroundings across various manufacturing units, and high demand for domestic air conditioning systems, owing to significant rise in per capita disposable incomes accelerate the market growth. The rise in the demand for absorption chillers in oil & gas refineries, and continuous advancements in cold chain sector further influence the market. Additionally, presence of various compliances, expansion of various end use industries and high disposable income positively affect the refrigerant market. Furthermore, rise in demand for natural refrigerants extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, flammability and toxicity issues and stringent regulations against fluorocarbon refrigerants are expected to obstruct the market growth. Illegal trade of refrigerants are projected to challenge the refrigerant market in the forecast period of 2021-2028.
This refrigerant market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 refrigerant 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 Refrigerant Market Scope and Market Size
The refrigerant market is segmented on the basis of type, application and industry. 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 markets.
- On the basis of type, the refrigerant market is segmented into HCFCs, HFCs, HFOs, Isobutane, Propane, Ammonia, Carbon Dioxide and Others.
- On the basis of application, the refrigerant market is segmented into refrigerators, large-scale refrigerators, chillers, air conditioners, heat pumps and others.
- On the basis of industry, the refrigerant market is segmented into domestic household refrigeration, light commercial refrigeration, commercial racks and condensing units and industrial refrigeration.
Refrigerant Market Country Level Analysis
The refrigerant market is analyzed and market size insights and trends are provided by country, type, application and industry as referenced above.
The countries covered in the refrigerant 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 refrigerant market due to the rising disposable income of the growing population along with rapid industrialization and urbanization. North America region is expected to hold the largest growth rate due to the rising number of technological advancement along with rising concern over food wastage.
The country section of the 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.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Global refrigerant market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Global refrigerant market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Global refrigerant market. The data is available for historic period 2010-2019.
Competitive Landscape and Global Refrigerant Market Share Analysis
The refrigerant 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 refrigerant market.
The major players covered in the refrigerant market report are 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, Arkema, Dongyue Group, and Honeywell International, Inc., among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Refrigerant Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.