Refrigerant Market Overview:
The latest report by IMARC Group, titled “Refrigerant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global refrigerant market reached a value of US$ 16.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 28.2 Billion by 2027, exhibiting at a CAGR of 10.0% during 2022-2027.
Refrigerants refer to chemical mixtures available in the gaseous or fluid state that are used in heat pumps and refrigeration cycles. They are utilized as a heat carrier that transforms gas to liquid and then back to gaseous form in the refrigeration cycle. Some of the commonly used refrigerants include chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs). They are generally present in refrigeration, fire suppression and air conditioning systems that are installed across residential, commercial, and industrial spaces.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Refrigerants Market Trends:
The global market is primarily driven by the increasing adoption of freezers, refrigerators, and air conditioning systems across the residential and commercial segments. Moreover, the escalating demand for air conditioning systems in automobiles has also provided a boost to the market growth. Some of the other factors contributing to the market growth include rapid industrialization, the inflating disposable income levels of the masses and the introduction of energy-efficient cooling systems.
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Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Honeywell International Inc.
- Daikin Industries Ltd.
- Arkema S.A.
- Dongyue Group Limited
- The Chemours Company
- Orbia Advance Corporation S.A.B. de CV
- Sinochem Group Co. Ltd.
- Air Liquide S.A.
- AGC Group
- Linde Group
- SRF Limited
- Gujarat Fluorochemicals Limited
Key Market Segmentation Breakup by:
Application:
- Commercial
- Industrial
- Domestic
- Others
Product Type:
- Fluorocarbon
- Inorganic
- Hydrocarbon
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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