Refrigerant Market Introduction
Exponential growth in the global population has expanded the construction industry operations extremely across the globe. Increase in the number of nuclear families along with the change in consumer lifestyle due to the hike in purchasing power of middle-income group population especially in emerging counties of the Asia Pacific region has increased the adoption of cooling systems at a healthy rate. Further, this trend is anticipated to continue in the near future which is projected to create huge growth opportunities for prominent players offering refrigerants. In terms of spending, the Asia Pacific region is projected to be one of the most lucrative markets for key players due to favorable market conditions in the region.
Growing consumer appliances market, increasing investments in industries, expansion in the retail industry, increasing awareness among end users to support the adoption of environment-friendly refrigerants are anticipated to accelerate the global refrigerant market growth at a significant rate. In contrast, the introduction of stringent regulations against fluorocarbon refrigerants is one of the crucial factors which is projected to hinder the refrigerant market size expansion over the forecast period.
The global refrigerant market is segmented based on type, application, and region.
By type, the refrigerant market is analyzed across HFC, HCFC, HFO, propane, Isobutane, carbon dioxide, ammonia, and other segments. Based on application, the refrigerant market is segmented into refrigeration systems, chillers, and air-conditioning systems. The refrigeration systems segment is bifurcated into commercial refrigeration, domestic refrigeration, and industrial refrigeration sub-segments. The air-conditioning systems segment can be segmented into split AC, window AC, and variable refrigeration flow (VRF) sub-segments. Based on the region, the refrigerant market is analyzed across Eastern Europe, Latin America, Western Europe, North America, Middle East and Africa, and the Asia Pacific.
Refrigerant Market Competitive Landscape
Key companies in the refrigerant market are aimed at opening new production facilities. This enables the companies to expand their footprints in the emerging market to increase their customer base, business operations, and fulfill the local demand effectively. Moreover, the introduction of innovative products is another major strategy followed by refrigerants providers to outperform competitors. Key companies analyzed in the refrigerant industry are A-Gas International, A.S. Trust and Holdings (ASTH), Arkema SA, Air Liquide (Airgas Refrigerants Inc.), Brothers Gas Bottling & Distribution Co. LLC, Asahi Glass Corporation (AGC), Daikin Industries Ltd., Changsu 3F Fluorochemical Industry Co Ltd., Dongyue Group Co. Ltd., Deepfreeze Refrigerants Inc., Engas Australasia, Eco-Freeze International, Gujarat Fluorochemicals Ltd., Gas Servei S.A., Honeywell International Inc., Harp International, Oz-Chill Refrigerants, Mexichem, Navin Fluorine International Ltd., Quimobasico, Refrigerant Solutions, Puyang Zhongwei Fine Chemical, Sinochem Group, Shandong Yuean Chemical, Tazzetti Spa, Srf Limited, The Linde Group, The Chemours Company, Zhejiang Fotech International Co Ltd., and Zhejiang Juhua Co Ltd. among others.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on refrigerant market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.