"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Refrigerant Market Size, Share & Industry Analysis, By Type (Fluorocarbons, Hydrocarbons, Inorganic refrigerants, Others), By Application (Domestic, Industrial, Commercial, Air conditioning, Chillers, Variable refrigerant flow, Mobile air conditioning, Others) and Regional Forecast, 2019-2026

Region : Global | Report ID: FBI101745 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

The global refrigerant market size is expected to reach at a significant CAGR forecast 2026. A refrigerant is a mixture of fluid substances used in a heat pump or refrigeration cycle. During refrigeration cycle it undergoes transitions from a liquid to gas. Refrigerants are used for its properties as non-corrosive, high heat of vaporization, moderate density in liquid form, and high density in gaseous form. In addition, there are many available chemicals which have application as refrigerants such as hydrochlorofluorocarbons (HCFC), hydrofluorocarbons (HFC), Hydrofluro-Olefins (HFO), and other inorganic chemicals. The main application of refrigerants is air-conditioning systems for buildings, chemical, pharmaceutical, and food industries.


On the basis of type, refrigerants can be segmented into fluorocarbons, hydrocarbons, inorganic refrigerants, and others. Fluorocarbons are dominating the market due to increasing demand for hydrofluorocarbons. Urbanization and improving lifestyles are causing high demand for air conditioning which supports the growth of refrigerant market. Ammonia is the fasted growing among refrigerants because of its reduced environmental effects.


Key Market Driver -

Key Market Driver – Rise in demand for refrigerants from air conditioning.

Key Market Restraint -

Key Market Restraint – Difficulties in transportation & storage.


On the basis of application, refrigerant market can be segmented into domestic, industrial, commercial, air conditioning, chillers, variable refrigerant flow, mobile air conditioning, and others. Air conditioning is the largest application due to increasing population & urbanization, which has caused a rise in demand for refrigerants from the air conditioning segments. Mobile air conditioning is the fasted growing application due to growing automotive & transportation end-use industries.


The key market driver is the rise in demand for refrigerants from air conditioning for domestic and commercial purposes. Improving lifestyle and urbanization has increased the demand for air conditioning in residential and commercial infrastructures that will drive the demand for refrigerants globally.


The key market restraint is the difficulty in storage and transportation of refrigerants such as hydrochlorofluorocarbons and hydrocarbons due to its gaseous state and highly volatile nature. Governmental regulations regarding environmental conservation are also a restraint for refrigerant market.


Key Companies Covered:



  • Arkema S.A.

  • Honeywell International Inc.

  • The Chemours Company

  • Dongyue Group Co. Ltd

  • Sinochem Lantian Co. Ltd

  • Daikin Industries

  • Asahi Glass Corporation

  • E.I. du Pont Nemours & Co

  • Mexichem SA

  • SRF Ltd

  • The Linde Group

  • Air Liquide


Regional Analysis:


On a geographical basis, refrigerant market can be segmented into North America, South America, Asia-Pacific, Europe, and Middle East & Africa. Asia-Pacific is the largest segment due to growing population and industrialization. The disposable economy will further help the growth of market due to increased use of air conditioning in domestic and industrial sectors. Rising demand from the automotive & transportation segments is also expected to support the refrigerant market growth.


To gain extensive insights into the market, Request for Customization


North America and Europe refrigerant markets are expected to have high demand for ammonia (inorganic refrigerant) due to technological advancement and major use of refrigeration in food industry. Rapid industrialization and urbanization are responsible for the growth of market in Middle East & Africa. Improving lifestyle and growing population will increase the demand for domestic refrigeration in South America. Overall, market is expected to have high growth during the forecast period.


Segmentation






















 ATTRIBUTE


 DETAILS

By Type




  • Fluorocarbons

  • Hydrocarbons

  • Inorganic refrigerants

  • Others



By Application




  • Domestic

  • Industrial

  • Commercial

  • Air conditioning

  • Chillers

  • Variable refrigerant flow

  • Mobile air conditioning

  • Others



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (UK, Germany, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of Latin America)

  • Middle East & Africa (South Africa, Saudi Arabia, and Rest of the Middle East & Africa)



Key Industry Developments



  • July 2019, Chemours and Axima Refrigeration France made a partnership for adoption of Opteon XL a low global warming potential hydrofluoroolefin (HFO) refrigerants for use in commercial refrigeration.

  • May 2019, Daikin Industries Ltd. announced the establishment of new subsidiary in China by the name Daikin New Materials (Changshu) Co., Ltd. for the manufacture and sales of fluorochemical products.

  • June 2017, Daikin Industries Ltd. acquired an Australian company Airmaster, a leading provider of air conditioning equipment and services, to expand business in Australia.

  • November 2017, Daikin Industries Ltd. has acquired the ATH group, commercial refrigeration company, to expand its commercial refrigeration business and to offer complete air conditioning and refrigeration products.


Refrigerant Market  Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Chemicals & Materials Clients

Dow_Chemical_logo

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X