R-142B Market 2019
With global warming taking its toll on all living and non-living things, the need for cooling solutions has become more important than ever. Air conditioners, fridges, and freezers are commonly used in all residential and commercial applications and these are becoming basic requirements all over the world. One of the main components of these cooling appliances is refrigerant. One of the blowing agents important for a refrigerant is R-142B. This is also commonly called Freon 142b, HCFC-142b or Chlorodifluoroethane. This halogenated gas is also used as a propellant.
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Initially, when CFCs were banned due to their effects on the ozone layer, HCFCs came as a replacement and their production saw an increase all over the world. Right now, the emissions of this particular chemical are also said to be negatively impacting the ozone layer. Therefore, R-142B can now be used only in processes where the harmful emissions are destructed. One of the main factors that will restrict the growth of the market is the potential effects of R-142B on the environment. This report considers the historical period of study as 2013-2017. The estimated year is 2018 and the forecast is done for 2018-2025. The report talks about the market conditions at present, the risks and potential opportunities of the market in the future and the high growth segments that companies have to concentrate in.
There are a total of 10 companies covered globally by the report. Dongyue Group, Mexichem, Sanmei, Daikin, Chemours, Zhejiang Juhua, Sinochem Group, Arkema, Meilan Chemical, and Linde A.G. are considered the key players in this industry. Their market size, their growth potential, product value, their new launches and their developmental plans for the next few years are all discussed in detail in the report.
Based on the product differentiation by type, the report takes into consideration OEM and Aftermarket types in its study. The main application of this product is as a refrigerant. However, other uses are also investigated.
There are two broad categories considered in the regional analysis. Based on the production of R-142B, five regions are analyzed and their production numbers and export numbers are given out. The major regions that produce R-142B are the United States, Europe, China, Japan, and Others. Based on consumption, the report breaks down the world into multiple small and big regions. Almost all countries around the world consume R-142B. The top names in the list are North America, United States, Asia-Pacific, Australia, Germany, Russia, and the GCC countries.
The United States Environmental Protection Agency (EPA) had already issued a gradual phasing out of both HCFC-22 and HCFC-142b (R-142B) in January of 2010. Based on this phasing out, in January of 2020, the remaining production and import of these chemicals will also be banned in the country and existing services have to use recycled or already available quantities. By 2030, the next complete phasing out will happen.
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