The global Refrigerant Market is projected to reach USD 20.18 BN by 2024, with a CAGR of 4.9% from USD 14.48 BN in 2017. The report offers in-depth details over the forecast period with market size, share, growth and trends. This market report is formulated to provide accurate, and quality research data that will assist in keeping the marketer relevant, future-oriented and smart decision maker allowing to tune with the dynamic market scenario. Moreover, it delivers comprehensive data analysis that helps to gain a competitive edge and potential profit in the market. Further adding to this, it also helps to understand industry structure and evaluates the competition intensity attractiveness
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the refrigerant market includes Daikin Industries Ltd., SRF Ltd., Honeywell International, Arkema SA, Mexichem Fluor S.A. de C.V., Dongyue Group, E.I. du Pont de Nemours & Co., Navin Fluorine International Ltd. and Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
Key factors driving the industry growth include the rise in nuclear families; increasing disposable income, improved in the standard of living and dual income families. In India, rapid industrialization followed by infrastructural developments along with the increasing number of passenger fuels worldwide has created new opportunities and gateways for OEM. However, few fluorochemicals, such as chlorofluorocarbons (CFCs) and bromofluorocarbons (BFCs) used majorly in refrigerants, are hazardous to the environment and cause depletion of the ozone layer. Therefore, adverse effects of CFCs and BFCs on the environment is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of refrigerant.
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Market Segmentation
The broad refrigerant market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
Fluorocarbons (Hydro Chlorofluorocarbons (HCFC), Hydro Fluorocarbon (HFC)
Hydrocarbons (HC) (Propane, n-butane and Isobutane)
Inorganics (Ammonia, Carbon Dioxide)
Others (Dimethyl Ether (DME) and Methyl Ethyl Ether)
By Application
1. Refrigeration
– Domestic Refrigeration
– Commercial Refrigeration
– Transportation Refrigeration
– Industrial Refrigeration
2. Air conditioning (AC)
– Stationary Air Conditioning
– Chillers
– Mobile Air Conditioning
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for refrigerant in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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