Market Overview:
The global automotive refrigerants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automobiles, especially in developing countries such as China and India, and the growing popularity of hybrid and electric vehicles. In terms of type, R134a is expected to lead the global automotive refrigerants market during the forecast period, followed by R1234yf and R12. Among applications, OEM is expected to account for a larger share of the global automotive refrigerants market than aftermarket during the forecast period.
Product Definition:
Refrigerants are used in automotive air conditioning systems to cool the air inside the vehicle.
R134a:
R134a is a non-toxic, colorless and highly flammable gas. It has a strong odor similar to that of ammonia. R134a is used in automotive air conditioning systems as well as for commercial refrigeration applications such as food processing plants, supermarkets and retail stores among others.
R1234yf:
R1234yf (Tri-Ethylene Glycol) is a colorless, odorless, viscous liquid used as a cryogenic agent in automotive refrigerants. It has the ability to maintain low temperatures and can be easily liquefied for use in various applications. R1234yf is also known as propane-2 butane mix or PRB MIXTURE due to its properties which are similar to that of natural gas.
Application Insights:
The OEM application segment accounted for the largest revenue share of over 60% in 2017. Automotive refrigerants are used in various components of an automobile, including the air conditioner, powertrain and HVAC (heating, ventilation and cooling). The growing importance of energy-efficient vehicles is expected to drive demand from OEM applications. In addition, stringent government regulations on reducing vehicular emissions are expected to fuel demand from aftermarket applications over the forecast period.
Rising consumer awareness regarding vehicle maintenance is anticipated to promote replacement activities by automotive repair shops with respect to old stock units that have been inactive for a long time or units that have reached the end of their useful life cycle. This will result in increased usage of re-refrigerated parts which will boost market growth further. Furthermore, increasing sales volume across emerging markets such as China and India owing to rising disposable income levels coupled with expanding middle class population is likely to propel industry expansion over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing automobile production in countries, such as India, China and Japan. The region accounted for a volume share of 71.1% in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. This growth can be attributed mainly to rising demand from OEMs and aftermarket operations across emerging economies including China, India, Indonesia and Thailand among others.
The Asia Pacific was followed by Europe which accounted for approximately 18% of total market revenue share in 2017 owing with high automotive production especially Germany (by Daimler AG), Spain (Fiat Chrysler Automobiles N V) Italy (FIAT S.pA.) U kraine(Dnipro truck Plant)and Russia(Zaporozhye auto plant).
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the automotive refrigerants market growth.
- Stringent government regulations for fuel efficiency and emissions are encouraging automakers to adopt new technologies such as automotive refrigerants, which is further propelling the market growth.
- The increasing popularity of hybrid and electric vehicles is also anticipated to boost the demand for automotive refrigerants in the coming years.
- Growing awareness about environment-friendly alternatives such as propane-based automotive refrigerants is projected to create lucrative opportunities for market players in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Refrigerants Market Research Report
By Type
R134a, R1234yf, R12, Others
By Application
OEM, Aftermarket
By Companies
Honeywell, Oz-Chill, HELLA GmbH & Co. KGaA, DuPont, Mexichem, Chemours, Honeywell
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Refrigerants Market Report Segments:
The global Automotive Refrigerants market is segmented on the basis of:
Types
R134a, R1234yf, 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
OEM, Aftermarket
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:
- Honeywell
- Oz-Chill
- HELLA GmbH & Co. KGaA
- DuPont
- Mexichem
- Chemours
- Honeywell
Highlights of The Automotive Refrigerants 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:
- R134a
- R1234yf
- R12
- Others
- By Application:
- OEM
- Aftermarket
- 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 Automotive Refrigerants 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?
Automotive refrigerants are used in cars and trucks to keep the interior cool. They are also used in air conditioning systems.
Some of the key players operating in the automotive refrigerants market are Honeywell, Oz-Chill, HELLA GmbH & Co. KGaA, DuPont, Mexichem, Chemours, Honeywell.
The automotive refrigerants market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Refrigerants 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 Automotive Refrigerants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Refrigerants 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 Automotive Refrigerants 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 Automotive Refrigerants Market Size & Forecast, 2020-2028
4.5.1 Automotive Refrigerants Market Size and Y-o-Y Growth
4.5.2 Automotive Refrigerants 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 R134a
5.2.2 R1234yf
5.2.3 R12
5.2.4 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 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Refrigerants 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 Automotive Refrigerants 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 R134a
9.6.2 R1234yf
9.6.3 R12
9.6.4 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 OEM
9.10.2 Aftermarket
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 R134a
10.6.2 R1234yf
10.6.3 R12
10.6.4 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 OEM
10.10.2 Aftermarket
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 R134a
11.6.2 R1234yf
11.6.3 R12
11.6.4 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 OEM
11.10.2 Aftermarket
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 R134a
12.6.2 R1234yf
12.6.3 R12
12.6.4 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 OEM
12.10.2 Aftermarket
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 R134a
13.6.2 R1234yf
13.6.3 R12
13.6.4 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 OEM
13.10.2 Aftermarket
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 Automotive Refrigerants Market: Competitive Dashboard
14.2 Global Automotive Refrigerants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Oz-Chill
14.3.3 HELLA GmbH & Co. KGaA
14.3.4 DuPont
14.3.5 Mexichem
14.3.6 Chemours
14.3.7 Honeywell
