Refrigerants Market Is Expected To Grow At A CAGR Of 10.3% Over The Forecast Period From 2017 To 2025 – Credence Research

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Refrigerant is a mixture of fluids, which work as a cooling agent in refrigeration cycles and heat pumps. Refrigerants work on the phase transition principle that is they turn into gas from liquid and vice versa at inconstant temperatures.

The latest market report published by Credence Research, Inc. “Refrigerants Market, By Type (Halocarbons (CFC, HCFC and HFC), Inorganic (Ammonia and Carbon Dioxide), Zeotropic, Hydrocarbons and Azeotropic), Application (Air Conditioning (Heat Pumps, Chillers, Mobile AC and Stationary AC) and Refrigeration (Transportation, Industrial, Commercial and Residential) and Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global refrigerants market is expected to grow at a CAGR of 10.3% over the forecast period from 2017 to 2025

Browse the full Refrigerants Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at

Market Insights

The global refrigerants market is projected to foresee a considerable growth throughout the forecast period due to increasing production of refrigerators and cooling equipment especially for industrial applications. Rapid industrialization is driving the demand for efficient cooling systems, thus driving the key players to increase their production capacities to fulfill the surging demands. Moreover, increasing consumer disposable incomes coupled with global economic development are some other major aspects accountable for the rising demand for air conditioning and refrigeration especially in the emerging countries of South East Asia and BRICS. Also, rise in global temperature along with enhanced living standards are expected to bolster the market growth over the forecast period. In addition, rapid growth of the global food & beverages, automobile and consumer electronics industry is estimated to accelerate the product demand. Although, stringent governmental regulations about the use of halogenated refrigerants such as HFCs and CFC’s coupled with repeated modifications in environmental standards such as Montreal Protocol are estimated to hinder the market growth. Moreover, fluctuating prices of raw materials including ammonia gas, tetrafluoroethylene etc. coupled with slow development of low GWP products is expected to be a key challenge for the market giants throughout the forecast period.

Competitive Insights

Investments in development of non-halogenated refrigerants is estimated to be major strategy followed by market giants over the forecast period. Innovative promotion strategies linked to the use of ozone friendly refrigerants as well as development of effective sales channels is projected to be the key strategy followed by market players to strengthen their global reach. Some of the major players operating in the global refrigerants market include Arkema SA, Daikin Industries Ltd., Honeywell International, E.I. du Pont Nemours & Co., Dongyue Group, Mexichem SA, SRF Ltd., Navin Fluorine International Ltd., Airgas Inc. and Sinochem Group among others.

Key Trends

  • Increasing investments on the development of ozone friendly refrigerants
  • Increasing demand for refrigerants from industrial applications
  • Increasing disposable incomes and growth of the global consumer electronics industry
  • Increasing demand for air conditioning and refrigeration from domestic applications especially in the Asia Pacific region.

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Table Of Content:

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
1.3. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Refrigerants Market Snapshot
2.1.1. Global Refrigerants Market, by Type, 2016
2.1.2. Global Refrigerants Market, by Application, 2016
2.1.3. Global Refrigerants Market, by Geography, 2016
2.2. Global Refrigerants Market: Premium Insight
2.2.1. Attractive Market Opportunities in the Global Refrigerants Market
2.2.2. Global Refrigerants Market: Developed vs. Developing Economy
2.2.3. Global Refrigerants Market: Asia-Pacific Market Analysis

Chapter 3. Refrigerants Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography …

Chapter 7. Company Profiles
7.1. Arkema SA
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Daikin Industries Ltd.
7.2.1. Business Description
7.2.2. Financial Information (Subject to data availability)
7.2.3. Product Portfolio
7.2.4. Key Developments
7.3. Honeywell International
7.3.1. Business Description
7.3.2. Financial Information (Subject to data availability)
7.3.3. Product Portfolio
7.3.4. Key Developments …

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