Market Overview:
The global HVAC 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 energy-efficient and environment-friendly cooling systems across the globe. In addition, the growing food service and food processing industries are also contributing to the growth of this market. The fluorocarbons segment is expected to dominate the global HVAC refrigerant market during the forecast period, owing to their high efficiency and low environmental impact. However, hydrocarbons are gaining popularity due to their low price and easy availability.
Product Definition:
A refrigerant is a substance that circulates in a heat pump or air conditioning system, removing heat from the indoor environment and transferring it to the outdoor environment.
Fluorocarbons:
Fluorocarbons are organic compounds with a single carbon chain and contain at least one fluorine atom. They are colorless, odorless, tasteless gases that do not support combustion. Fluorocarbons can be produced by both natural as well as synthetic processes.
Hydrocarbons:
Hydrocarbons are organic compounds that contain only hydrogen and carbon. Hydrocarbons are used as refrigerants owing to their low molecular weight, high boiling point, and chemical stability. The most commonly used hydrocarbon is propane (R290), which is widely utilized in HVAC applications such as heat pumps and air conditioners.
Application Insights:
The market is segmented by application into food service, supermarket, cold storage, food processing and others. The food service application dominated the global market in 2017 owing to increasing demand for HVAC refrigerants in restaurants and hotels. In addition, growing government regulations promoting the adoption of energy-efficient products are expected to drive industry growth over the forecast period.
Food processing was one of the prominent applications that accounted for a significant share in 2017 due to high demand from beverage manufacturers as well as chemical companies involved in production processes involving refrigerants. Furthermore, growing R&D activities pertaining to new types of HVAC refrigerant with enhanced properties such as higher heat capacity and lower operating temperature is anticipated to propel industry growth over the forecast period.
The other applications include automotive air conditioning systems using HVAC refrigerant along with medical equipment used for cooling or warming purposes only (excluding hospital equipment).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in population, especially in China and India, which have led to an increase in demand for food products. This has resulted in increased production of packaged food as well as a rise in demand for refrigeration equipment across these countries.
The growing manufacturing sector is also anticipated to drive the market over the forecast period owing to an increase in industrial activities that require proper cooling facilities within a short span of time.
Growth Factors:
- Increasing demand for energy-efficient cooling systems
- Stringent environmental regulations for refrigerants
- Rising demand from the commercial sector
- Growing popularity of air-conditioning systems in developing countries
- Technological advancements in HVAC refrigerant products
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Refrigerant Market Research Report
By Type
Fluorocarbons, Hydrocarbons, Inorganic
By Application
Food Service, Food Processing, Supermarket, Cold Storage, Others
By Companies
Airgas Refrigerants, Arkema, Chemours, Dongyue, Honeywell, Linde, Airgas Refrigerants
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Refrigerant Market Report Segments:
The global HVAC Refrigerant market is segmented on the basis of:
Types
Fluorocarbons, Hydrocarbons, Inorganic
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
Food Service, Food Processing, Supermarket, Cold Storage, 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:
- Airgas Refrigerants
- Arkema
- Chemours
- Dongyue
- Honeywell
- Linde
- Airgas Refrigerants
Highlights of The HVAC 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:
- Fluorocarbons
- Hydrocarbons
- Inorganic
- By Application:
- Food Service
- Food Processing
- Supermarket
- Cold Storage
- 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 HVAC 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 used in air conditioning and refrigeration systems to reduce the temperature inside the system.
Some of the major players in the hvac refrigerant market are Airgas Refrigerants, Arkema, Chemours, Dongyue, Honeywell, Linde, Airgas Refrigerants.
The hvac 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 HVAC 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 HVAC Refrigerant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC 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 HVAC 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 HVAC Refrigerant Market Size & Forecast, 2018-2028
4.5.1 HVAC Refrigerant Market Size and Y-o-Y Growth
4.5.2 HVAC Refrigerant Market Absolute $ Opportunity
Chapter 5 Global HVAC 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 HVAC Refrigerant Market Size Forecast by Type
5.2.1 Fluorocarbons
5.2.2 Hydrocarbons
5.2.3 Inorganic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HVAC 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 HVAC Refrigerant Market Size Forecast by Applications
6.2.1 Food Service
6.2.2 Food Processing
6.2.3 Supermarket
6.2.4 Cold Storage
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC 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 HVAC 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 HVAC Refrigerant Analysis and Forecast
9.1 Introduction
9.2 North America HVAC 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 HVAC Refrigerant Market Size Forecast by Type
9.6.1 Fluorocarbons
9.6.2 Hydrocarbons
9.6.3 Inorganic
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 HVAC Refrigerant Market Size Forecast by Applications
9.10.1 Food Service
9.10.2 Food Processing
9.10.3 Supermarket
9.10.4 Cold Storage
9.10.5 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 HVAC Refrigerant Analysis and Forecast
10.1 Introduction
10.2 Europe HVAC 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 HVAC Refrigerant Market Size Forecast by Type
10.6.1 Fluorocarbons
10.6.2 Hydrocarbons
10.6.3 Inorganic
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 HVAC Refrigerant Market Size Forecast by Applications
10.10.1 Food Service
10.10.2 Food Processing
10.10.3 Supermarket
10.10.4 Cold Storage
10.10.5 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 HVAC Refrigerant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HVAC 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 HVAC Refrigerant Market Size Forecast by Type
11.6.1 Fluorocarbons
11.6.2 Hydrocarbons
11.6.3 Inorganic
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 HVAC Refrigerant Market Size Forecast by Applications
11.10.1 Food Service
11.10.2 Food Processing
11.10.3 Supermarket
11.10.4 Cold Storage
11.10.5 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 HVAC Refrigerant Analysis and Forecast
12.1 Introduction
12.2 Latin America HVAC 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 HVAC Refrigerant Market Size Forecast by Type
12.6.1 Fluorocarbons
12.6.2 Hydrocarbons
12.6.3 Inorganic
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 HVAC Refrigerant Market Size Forecast by Applications
12.10.1 Food Service
12.10.2 Food Processing
12.10.3 Supermarket
12.10.4 Cold Storage
12.10.5 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) HVAC Refrigerant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HVAC 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) HVAC Refrigerant Market Size Forecast by Type
13.6.1 Fluorocarbons
13.6.2 Hydrocarbons
13.6.3 Inorganic
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) HVAC Refrigerant Market Size Forecast by Applications
13.10.1 Food Service
13.10.2 Food Processing
13.10.3 Supermarket
13.10.4 Cold Storage
13.10.5 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 HVAC Refrigerant Market: Competitive Dashboard
14.2 Global HVAC Refrigerant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airgas Refrigerants
14.3.2 Arkema
14.3.3 Chemours
14.3.4 Dongyue
14.3.5 Honeywell
14.3.6 Linde
14.3.7 Airgas Refrigerants
