Market Overview:
The global air conditioner refrigerant market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for air conditioners, especially in developing countries. Additionally, stringent environmental regulations are also driving the demand for air conditioner refrigerants such as R-410A and R-407C. These refrigerants have low Global Warming Potential (GWP) and are less harmful to the environment as compared to other traditional refrigerants such as R-22 and R-12.
Product Definition:
Air conditioner refrigerant is a fluid that is used in air conditioning systems to transfer heat from the interior of the vehicle to the exterior. This helps to cool the interior of the vehicle and improve driver comfort. Air conditioner refrigerant also helps to protect components in the AC system from damage.
R-410A:
R-410A is a type of refrigerant used in air conditioners. It is also known as propane and can be used with R-22 or R-290 systems. The major factor that propels the growth of this market includes growing demand for energy efficient and low cost cooling solutions, especially in developing countries such as India, China and Brazil.
R-407C:
R-407C is a type of refrigerant used in air conditioners. It's also known as propane-based CFC (Chlorofluorocarbons). R-407C is a hydrofluorocarbon, which means it's a compound of hydrogen and fluorine. The most important feature that differentiates it from other conventional refrigerants is the low global warming potential when compared to R-134a and R-22.
Application Insights:
The commercial application segment led the global air conditioner refrigerant market and accounted for more than 54.0% share of the total revenue in 2017. The growth can be attributed to increasing construction activities in commercial buildings, such as offices, showrooms and shopping malls across various regions including Asia Pacific and Middle East & Africa. This trend is expected to continue over the forecast period owing to growing business activities in developing countries like India, China and Brazil which are likely to increase demand for air conditioning equipment thereby supporting market growth over the next eight years.
The residential application segment is projected register a CAGR of XX% from 2018 to 2030 owing to rising urbanization trends across various regions coupled with government initiatives encouraging home ownership as an investment vehicle for middle-income groups will drive consumer purchasing power thus supporting industry expansion during this period of time.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing awareness regarding energy conservation, rapid urbanization, and rising disposable income of consumers. Moreover, government initiatives promoting green buildings are anticipated to drive product demand in this region. For instance, The Climate Group has launched a campaign called “1 million climate jobs by 2020†which aims at creating 1 million new climate jobs by 2020 across eight major economies including India China Indonesia Philippines Thailand Vietnam Myanmar (ICP) and Bangladesh.
Growth Factors:
- Increasing demand for air conditioners in residential and commercial sectors
- Stringent government regulations for energy efficiency in air conditioning systems
- Rising disposable income of consumers in developing countries
- Technological advancements in air conditioner refrigerants that improve performance and reduce environmental impact
- Growing awareness about the benefits of using environment-friendly refrigerants
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Conditioner Refrigerant Market Research Report
By Type
R-410A, R-407C, R-134a, R12, Others
By Application
Residential, Commercial, Industrial
By Companies
Arkema, Airgas, Daikin Industries, DuPont, Honeywell International, Linde, Mexichem, Solvay, Asahi Glass, The Chemours Company, Arkema, Gujarat Fluorochemicals, SRF, Sinochem Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Air Conditioner Refrigerant Market Report Segments:
The global Air Conditioner Refrigerant market is segmented on the basis of:
Types
R-410A, R-407C, R-134a, R12, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arkema
- Airgas
- Daikin Industries
- DuPont
- Honeywell International
- Linde
- Mexichem
- Solvay
- Asahi Glass
- The Chemours Company
- Arkema
- Gujarat Fluorochemicals
- SRF
- Sinochem Group
Highlights of The Air Conditioner Refrigerant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- R-410A
- R-407C
- R-134a
- R12
- Others
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Conditioner Refrigerant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refrigerant is a chemical that helps to keep air conditioners and refrigerators cold.
Some of the major companies in the air conditioner refrigerant market are Arkema, Airgas, Daikin Industries, DuPont, Honeywell International, Linde, Mexichem, Solvay, Asahi Glass, The Chemours Company, Arkema, Gujarat Fluorochemicals, SRF, Sinochem Group.
The air conditioner refrigerant market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Conditioner Refrigerant Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Air Conditioner Refrigerant Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Air Conditioner Refrigerant Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Air Conditioner Refrigerant Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Air Conditioner Refrigerant Market Size & Forecast, 2020-2028 4.5.1 Air Conditioner Refrigerant Market Size and Y-o-Y Growth 4.5.2 Air Conditioner Refrigerant Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 R-410A
5.2.2 R-407C
5.2.3 R-134a
5.2.4 R12
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Conditioner Refrigerant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Conditioner Refrigerant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 R-410A
9.6.2 R-407C
9.6.3 R-134a
9.6.4 R12
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 R-410A
10.6.2 R-407C
10.6.3 R-134a
10.6.4 R12
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 R-410A
11.6.2 R-407C
11.6.3 R-134a
11.6.4 R12
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 R-410A
12.6.2 R-407C
12.6.3 R-134a
12.6.4 R12
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 R-410A
13.6.2 R-407C
13.6.3 R-134a
13.6.4 R12
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Conditioner Refrigerant Market: Competitive Dashboard
14.2 Global Air Conditioner Refrigerant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema
14.3.2 Airgas
14.3.3 Daikin Industries
14.3.4 DuPont
14.3.5 Honeywell International
14.3.6 Linde
14.3.7 Mexichem
14.3.8 Solvay
14.3.9 Asahi Glass
14.3.10 The Chemours Company
14.3.11 Arkema
14.3.12 Gujarat Fluorochemicals
14.3.13 SRF
14.3.14 Sinochem Group