Market Overview:
The global hydrofluorocarbons refrigerant market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for air conditioners and refrigerators, and the rising awareness about energy-efficient appliances. In terms of type, R-134A is expected to lead the global hydrofluorocarbons refrigerant market during the forecast period, followed by R-410A and R-407C. In terms of application, air conditioners are expected to account for a major share of the global hydrofluorocarbons refrigerant market during the forecast period.
Product Definition:
A hydrofluorocarbon refrigerant is a chemical compound used in air conditioning and refrigeration systems that contains no chlorine and zero ozone-depleting potential. Hydrofluorocarbons refrigerants are important because they help reduce global warming by trapping heat in the atmosphere.
R-134A:
R-134A is a Hydrofluorocarbon (HFC) that was developed by DuPont in the 1970s. It has been used as a replacement for CFC and HCFC, owing to its lower global warming potential (GWP). R-134A is also known as tetrafluoroethylene sublimed hydrogen fluoride and has no IARC class VI status.
R-410A:
R-410A is a Hydrofluorocarbon (HFC) that was developed by DuPont for use as a replacement for R-22 in conventional refrigerants. It has since been used as an alternative to CFCs and HCFCs in various applications such as air conditioners, mobile air conditioning systems, and commercial HVAC equipment.
The global consumption of R- 410A was around 5 million tons in 2015.
Application Insights:
The air conditioner application segment led the global market and accounted for more than 45% share of the total revenue in 2017. The growth is attributed to extensive usage of hydrofluorocarbons (HFCs) as a refrigerant owing to their high efficiency, which results in low carbon emission.
The growing importance of HVAC systems in commercial, industrial and residential buildings has resulted in increased demand for efficient cooling equipment with reduced energy consumption. Furthermore, technological advancements such as digital control technology coupled with engineering solutions designed around these technologies have enhanced the performance standards within an AC system room or building across various end-use industries globally over the past few years.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing product demand from emerging economies, such as China and India. In addition, rising disposable income levels coupled with a growing population will drive product demand further.
The Asia Pacific hydrofluorocarbon (HFC) refrigerant market is dominated by developing countries such as China, India, Indonesia, Malaysia and Thailand that are major manufacturing hubs of consumer electronics including air conditioners and refrigerators among others. The region has witnessed strong economic growth over the past few years on account of rapid industrialization along with urbanization resulting in increased per capita spending power which will have a positive impact on industry trends over the next few years.
Europe was estimated at USD X billion in 2017 owing to stringent government regulations regarding global warming potential (GWP).
Growth Factors:
- Increasing demand for energy-efficient appliances
- Stringent environmental regulations for refrigerants
- Technological advancements in refrigeration systems
- Rising disposable income of consumers in developing countries
- Growing awareness about the benefits of hydrofluorocarbons refrigerant
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrofluorocarbons Refrigerant Market Research Report
By Type
R-134A, R-410A, R-407C, Others
By Application
Air Conditioner, Refrigerator, Others
By Companies
Chemours, Arkema, Daikin, Mexichem, Honeywell, Linde, Zhejiang Juhua, Dongyue Group, Sanmei, Sinochem Group, Meilan Chemical
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Hydrofluorocarbons Refrigerant Market Report Segments:
The global Hydrofluorocarbons Refrigerant market is segmented on the basis of:
Types
R-134A, R-410A, R-407C, 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
Air Conditioner, Refrigerator, 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:
- Chemours
- Arkema
- Daikin
- Mexichem
- Honeywell
- Linde
- Zhejiang Juhua
- Dongyue Group
- Sanmei
- Sinochem Group
- Meilan Chemical
Highlights of The Hydrofluorocarbons 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-134A
- R-410A
- R-407C
- Others
- By Application:
- Air Conditioner
- Refrigerator
- 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 Hydrofluorocarbons 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?
Hydrofluorocarbons (HFCs) are a class of refrigerants that use water as the main solvent. They are often used in air conditioning and refrigeration systems. HFCs have been shown to be harmful to the environment and human health, so they are being replaced by more environmentally friendly alternatives.
Some of the major players in the hydrofluorocarbons refrigerant market are Chemours, Arkema, Daikin, Mexichem, Honeywell, Linde, Zhejiang Juhua, Dongyue Group, Sanmei, Sinochem Group, Meilan Chemical.
The hydrofluorocarbons refrigerant market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrofluorocarbons 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 Hydrofluorocarbons Refrigerant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrofluorocarbons 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 Hydrofluorocarbons 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 Hydrofluorocarbons Refrigerant Market Size & Forecast, 2018-2028
4.5.1 Hydrofluorocarbons Refrigerant Market Size and Y-o-Y Growth
4.5.2 Hydrofluorocarbons Refrigerant Market Absolute $ Opportunity
Chapter 5 Global Hydrofluorocarbons 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 Hydrofluorocarbons Refrigerant Market Size Forecast by Type
5.2.1 R-134A
5.2.2 R-410A
5.2.3 R-407C
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydrofluorocarbons 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 Hydrofluorocarbons Refrigerant Market Size Forecast by Applications
6.2.1 Air Conditioner
6.2.2 Refrigerator
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrofluorocarbons 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 Hydrofluorocarbons 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 Hydrofluorocarbons Refrigerant Analysis and Forecast
9.1 Introduction
9.2 North America Hydrofluorocarbons 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 Hydrofluorocarbons Refrigerant Market Size Forecast by Type
9.6.1 R-134A
9.6.2 R-410A
9.6.3 R-407C
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 Hydrofluorocarbons Refrigerant Market Size Forecast by Applications
9.10.1 Air Conditioner
9.10.2 Refrigerator
9.10.3 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 Hydrofluorocarbons Refrigerant Analysis and Forecast
10.1 Introduction
10.2 Europe Hydrofluorocarbons 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 Hydrofluorocarbons Refrigerant Market Size Forecast by Type
10.6.1 R-134A
10.6.2 R-410A
10.6.3 R-407C
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 Hydrofluorocarbons Refrigerant Market Size Forecast by Applications
10.10.1 Air Conditioner
10.10.2 Refrigerator
10.10.3 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 Hydrofluorocarbons Refrigerant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydrofluorocarbons 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 Hydrofluorocarbons Refrigerant Market Size Forecast by Type
11.6.1 R-134A
11.6.2 R-410A
11.6.3 R-407C
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 Hydrofluorocarbons Refrigerant Market Size Forecast by Applications
11.10.1 Air Conditioner
11.10.2 Refrigerator
11.10.3 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 Hydrofluorocarbons Refrigerant Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydrofluorocarbons 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 Hydrofluorocarbons Refrigerant Market Size Forecast by Type
12.6.1 R-134A
12.6.2 R-410A
12.6.3 R-407C
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 Hydrofluorocarbons Refrigerant Market Size Forecast by Applications
12.10.1 Air Conditioner
12.10.2 Refrigerator
12.10.3 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) Hydrofluorocarbons Refrigerant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydrofluorocarbons 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) Hydrofluorocarbons Refrigerant Market Size Forecast by Type
13.6.1 R-134A
13.6.2 R-410A
13.6.3 R-407C
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) Hydrofluorocarbons Refrigerant Market Size Forecast by Applications
13.10.1 Air Conditioner
13.10.2 Refrigerator
13.10.3 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 Hydrofluorocarbons Refrigerant Market: Competitive Dashboard
14.2 Global Hydrofluorocarbons Refrigerant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chemours
14.3.2 Arkema
14.3.3 Daikin
14.3.4 Mexichem
14.3.5 Honeywell
14.3.6 Linde
14.3.7 Zhejiang Juhua
14.3.8 Dongyue Group
14.3.9 Sanmei
14.3.10 Sinochem Group
14.3.11 Meilan Chemical
