Market Overview:
The global fluorinated 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 fluorinated refrigerants in various applications such as refrigerations, air conditioners and heat pumps, fire protection and fire extinguishers, equipment containing solvents, and others. In addition, the growing demand for energy-efficient appliances is also contributing to the growth of this market. However, stringent environmental regulations on ozone-depleting substances are restraining the growth of this market.
Product Definition:
A fluorinated refrigerant is a chemical compound used as a refrigerant in air conditioning and refrigeration systems. Fluorinated refrigerants are important because they are ozone-depleting substances (ODSs) that contribute to climate change.
Tetrafluoropropylene:
It has a slight aroma similar to that of chlorine and is highly reactive with oxygen, moisture, and other substances.
Hydrochlorofluorocarbons:
Fluorinated refrigerant is a combination of HFC with one or more fluorine atom. It has low global warming potential, less atmospheric lifetime and high energy efficiency as compared to other conventional counterparts.
Application Insights:
The global market is segmented by application into refrigeration air conditioners and heat pumps, fire protection and fire extinguishers, e-quipment containing solvents, and others. The refrigeration applications dominated the overall industry in terms of revenue share in 2017. This can be attributed to increasing demand for HVAC systems in industrial as well as commercial sectors across the globe. Furthermore, growing use of R-410A fluorinated refrigerant for new air conditioning system installations coupled with existing demand from air conditioner retrofit projects is expected to drive growth over the forecast period.
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017, owing to the high demand from residential and commercial applications. The region is expected to maintain its dominance during the forecast period due to increasing penetration of refrigerants in various sectors including HVAC, electronics, fire protection & extinguishers and others.
The Asia Pacific market is anticipated to witness significant growth over the forecast period owing to rising product demand from end-use industries such as HVAC & refrigeration; electronics; automotive; and others. Rising disposable income coupled with expanding middle-class population groups in developing countries such as India and China are likely contributors toward regional growth rates during the same period.
Growth Factors:
- Increasing demand for energy-efficient appliances
- Stringent environmental regulations for refrigerants
- Rising demand from the automotive sector
- Growing popularity of fluorinated refrigerants in commercial and industrial applications
- Technological advancements in refrigerant management systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Fluorinated Refrigerant Market Research Report
By Type
Tetrafluoropropylene, Hydrochlorofluorocarbons, Others
By Application
Refrigerations，Air Conditioners and Heat Pumps, Fire Protection and Fire Extinguishers, Eqipment Containing Solvents, Others
By Companies
Asahi Glass Co.,Ltd (AGC), Daikin, Arkema, Ineos Fluor, Solvay, Mexichem, Honeywell, Jiangsu Meilan Chemical Co., Ltd., Zhejiang Sanmei Chemicals Co., Ltd., Linhai Limin Chemicals Co., Ltd., Asahi Glass Co.,Ltd (AGC)
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Fluorinated Refrigerant Market Report Segments:
The global Fluorinated Refrigerant market is segmented on the basis of:
Types
Tetrafluoropropylene, Hydrochlorofluorocarbons, 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
Refrigerations，Air Conditioners and Heat Pumps, Fire Protection and Fire Extinguishers, Eqipment Containing Solvents, Others
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:
- Asahi Glass Co.,Ltd (AGC)
- Daikin
- Arkema
- Ineos Fluor
- Solvay
- Mexichem
- Honeywell
- Jiangsu Meilan Chemical Co., Ltd.
- Zhejiang Sanmei Chemicals Co., Ltd.
- Linhai Limin Chemicals Co., Ltd.
- Asahi Glass Co.,Ltd (AGC)
Highlights of The Fluorinated 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:
- Tetrafluoropropylene
- Hydrochlorofluorocarbons
- Others
- By Application:
- Refrigerations，Air Conditioners and Heat Pumps
- Fire Protection and Fire Extinguishers
- Eqipment Containing Solvents
- Others
- 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 Fluorinated 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?
Fluorinated refrigerant is a type of air conditioning and refrigeration fluid that contains fluorine atoms in place of hydrogen atoms. Fluorinated refrigerants are more environmentally friendly than traditional fluids because they do not release greenhouse gases when they are used.
Some of the major companies in the fluorinated refrigerant market are Asahi Glass Co.,Ltd (AGC), Daikin, Arkema, Ineos Fluor, Solvay, Mexichem, Honeywell, Jiangsu Meilan Chemical Co., Ltd., Zhejiang Sanmei Chemicals Co., Ltd., Linhai Limin Chemicals Co., Ltd., Asahi Glass Co.,Ltd (AGC).
The fluorinated refrigerant 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 Fluorinated 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 Fluorinated Refrigerant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fluorinated 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 Fluorinated 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 Fluorinated Refrigerant Market Size & Forecast, 2018-2028
4.5.1 Fluorinated Refrigerant Market Size and Y-o-Y Growth
4.5.2 Fluorinated Refrigerant Market Absolute $ Opportunity
Chapter 5 Global Fluorinated Refrigerant 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 Fluorinated Refrigerant Market Size Forecast by Type
5.2.1 Tetrafluoropropylene
5.2.2 Hydrochlorofluorocarbons
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fluorinated Refrigerant 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 Fluorinated Refrigerant Market Size Forecast by Applications
6.2.1 Refrigerations，Air Conditioners and Heat Pumps
6.2.2 Fire Protection and Fire Extinguishers
6.2.3 Eqipment Containing Solvents
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fluorinated 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 Fluorinated 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 Fluorinated Refrigerant Analysis and Forecast
9.1 Introduction
9.2 North America Fluorinated Refrigerant 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 Fluorinated Refrigerant Market Size Forecast by Type
9.6.1 Tetrafluoropropylene
9.6.2 Hydrochlorofluorocarbons
9.6.3 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 Fluorinated Refrigerant Market Size Forecast by Applications
9.10.1 Refrigerations，Air Conditioners and Heat Pumps
9.10.2 Fire Protection and Fire Extinguishers
9.10.3 Eqipment Containing Solvents
9.10.4 Others
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 Fluorinated Refrigerant Analysis and Forecast
10.1 Introduction
10.2 Europe Fluorinated Refrigerant 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 Fluorinated Refrigerant Market Size Forecast by Type
10.6.1 Tetrafluoropropylene
10.6.2 Hydrochlorofluorocarbons
10.6.3 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 Fluorinated Refrigerant Market Size Forecast by Applications
10.10.1 Refrigerations，Air Conditioners and Heat Pumps
10.10.2 Fire Protection and Fire Extinguishers
10.10.3 Eqipment Containing Solvents
10.10.4 Others
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 Fluorinated Refrigerant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fluorinated Refrigerant 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 Fluorinated Refrigerant Market Size Forecast by Type
11.6.1 Tetrafluoropropylene
11.6.2 Hydrochlorofluorocarbons
11.6.3 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 Fluorinated Refrigerant Market Size Forecast by Applications
11.10.1 Refrigerations，Air Conditioners and Heat Pumps
11.10.2 Fire Protection and Fire Extinguishers
11.10.3 Eqipment Containing Solvents
11.10.4 Others
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 Fluorinated Refrigerant Analysis and Forecast
12.1 Introduction
12.2 Latin America Fluorinated Refrigerant 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 Fluorinated Refrigerant Market Size Forecast by Type
12.6.1 Tetrafluoropropylene
12.6.2 Hydrochlorofluorocarbons
12.6.3 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 Fluorinated Refrigerant Market Size Forecast by Applications
12.10.1 Refrigerations，Air Conditioners and Heat Pumps
12.10.2 Fire Protection and Fire Extinguishers
12.10.3 Eqipment Containing Solvents
12.10.4 Others
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) Fluorinated Refrigerant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fluorinated Refrigerant 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) Fluorinated Refrigerant Market Size Forecast by Type
13.6.1 Tetrafluoropropylene
13.6.2 Hydrochlorofluorocarbons
13.6.3 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) Fluorinated Refrigerant Market Size Forecast by Applications
13.10.1 Refrigerations，Air Conditioners and Heat Pumps
13.10.2 Fire Protection and Fire Extinguishers
13.10.3 Eqipment Containing Solvents
13.10.4 Others
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 Fluorinated Refrigerant Market: Competitive Dashboard
14.2 Global Fluorinated Refrigerant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Asahi Glass Co.,Ltd (AGC)
14.3.2 Daikin
14.3.3 Arkema
14.3.4 Ineos Fluor
14.3.5 Solvay
14.3.6 Mexichem
14.3.7 Honeywell
14.3.8 Jiangsu Meilan Chemical Co., Ltd.
14.3.9 Zhejiang Sanmei Chemicals Co., Ltd.
14.3.10 Linhai Limin Chemicals Co., Ltd.
14.3.11 Asahi Glass Co.,Ltd (AGC)
