Refrigerants Market

Report Highlights

The scope of this report is broad and covers different types of refrigerants, along with the applications for refrigeration and air-conditioning. The market is broken down by types of refrigerants, applications, and regional markets. Revenue forecasts from 2019 to 2025 are given for each major type of refrigerant, application, and regional market, and the estimated values are derived from the manufacturers’ total revenues.

The report also includes a discussion of the major players across each of the regional refrigerant markets; it explains the major market drivers of the global refrigerant industry, current trends within the industry, major applications, and the regional dynamics of the global refrigerant market.

The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global refrigerant industry.

Report Includes

• 61 tables
• An up-to-date analysis of the global refrigerant market.
• Analyses of the global market trends, with data from 2019, 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2025.
• Estimation of market size and revenue forecast for global refrigerant market, and corresponding market share analysis by type, application, and region for each market segment.
• Highlights of emerging technology trends, gaps and opportunities in the market estimating current and future demand for refrigerant, identification of the companies that are best positioned to meet this demand.
• In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market.
• Identification of new products and products still in the development and their probability of successful commercial launch within the next five years
• Impact of COVID-19 on the refrigerant market as compared to overall global economy.
• Insight into the growth development strategies of major refrigerant manufacturers and their key competitive landscape
• Descriptive company profiles of the leading market participants, including Arkema S.A., Dongyue Group Co. Ltd., Honeywell International Inc., The Chemours Company, The Linde Group (Ireland), Air Liquide, Sinochem Lantian Co. Ltd., Daikin Industries, and Asahi Glass Corporation.

Summary

Refrigerants are primarily used as a cooling medium in air-conditioning and refrigeration applications. Various types of refrigerants are used in cooling equipment such as freezers, refrigerators, air conditioners, and heating units. Based on its composition, various refrigerants are available in the market such as fluorocarbon (HCFCs, HFCs, HFOs), inorganic (ammonia, CO2 & water), hydrocarbon (Iso-butane & pentane). The fluorocarbons captured a maximum share of 55% in 2020.

The global refrigerant market will grow from over $21.0 billion in 2020 to $30.1 billion by 2025 at a five-year CAGR of 7.5%. The refrigerant is expected to grow, mainly due to an increase in demand for cooling products, growing applications, and technological advancements.