Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global R-124 Refrigerant Market by Type (OEM, Aftermarket), By Application (Household air conditioner, Automobile air-conditioning, Refrigeration Equipment, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global R-124 Refrigerant Market by Type (OEM, Aftermarket), By Application (Household air conditioner, Automobile air-conditioning, Refrigeration Equipment, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 313764 4200 Chemical & Material 377 124 Pages 4.5 (35)
                                          

Market Overview:


The global R-124 refrigerant market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for automobiles and household appliances across the globe. The OEM segment is expected to account for a major share of the global R-124 refrigerant market during the forecast period. This can be attributed to the increasing demand for automobiles and household appliances that use air conditioning systems that require R-124 refrigerant. The APAC region is expected to exhibit high growth rates during the forecast period owing to rising disposable incomes and an increase in purchasing power parity (PPP) in countries such as China and India.


Global R-124 Refrigerant Industry Outlook


Product Definition:


A refrigerant is a substance used in a heat pump or refrigerator to transfer thermal energy from one location to another, and thereby cool the first location. The most common refrigerants are ammonia, propane, butane, and water.


OEM:


OEM is short for original equipment manufacturer. It's a company that manufactures the same type of products as another company but does not compete with it in the market. In other words, if your refrigerator is made by Whirlpool and they have an OEM division, it means that they do not sell their products directly but only provide services to other companies’ customers. The main function of OEM is to manufacture electronic components such as LCD screens, copiers and printers etc.


Aftermarket:


Aftermarket is the secondary market for R-124 Refrigerant. It includes all the activities related to refrigeration equipment and its parts after they are manufactured but before they get installed in any facility. The major reason for this activity being necessary is due to a lack of availability of original equipment manufacturers (OEMs) or because these OEMs have discontinued their products and therefore there is no other option but to sell these products through aftermarkets.


Application Insights:


The global demand for R-124 refrigerant is expected to witness growth in the automobile air conditioning application owing to its superior properties, such as low gas volume requirement, high liquid content and low operating temperature. In addition, the product also has a higher capacity for heat transfer which enables better cooling performance during automobile travels at high altitudes. The expansion of automotive industry across developing countries in Asia Pacific is anticipated to fuel the segment growth over the forecast period.


Household air conditioner was estimated as the largest application segment with a market share of more than 40% in 2017 on account of increasing urbanization along with rising disposable income levels among consumers in emerging economies including China and India. Moreover, government initiatives regarding installation of energy-efficient products are likely to propel industry growth over next eight years or so.  Rising use of household appliances including refrigerators and washing machines will boost product demand from domestic appliances applications during future outlook period (2030 - 2037).


Regional Analysis:


North America accounted for the largest share of global revenue in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing R-124 consumption in household and commercial applications, along with stringent government regulations regarding VOC emissions from refrigerants. In North America, most of the demand is fulfilled through imports from China and Russia; however, rising domestic production capacity may have an adverse impact on market prices in future as there are limited number of manufacturers that produce this type of refrigerant across U.S.


Asia Pacific regional market captured a significant share owing to growing automotive industry across countries such as India, China Japan Thailand Indonesia etc.


Growth Factors:


  • Increasing demand for energy-efficient appliances
  • Stringent environmental regulations worldwide
  • Rising disposable income of consumers in developing countries
  • Technological advancements in refrigeration systems
  • Growing popularity of supermarket chains and cold storage facilities

Scope Of The Report

Report Attributes

Report Details

Report Title

R-124 Refrigerant Market Research Report

By Type

OEM, Aftermarket

By Application

Household air conditioner, Automobile air-conditioning, Refrigeration Equipment, Other

By Companies

Daikin, Chemours, Arkema, Dongyue Group, Zhejiang Juhua, Mexichem, Meilan Chemical, Sanmei, Sinochem Group, Linde A.G., Daikin

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

124

Number of Tables & Figures

87

Customization Available

Yes, the report can be customized as per your need.


Global R-124 Refrigerant Market Report Segments:

The global R-124 Refrigerant market is segmented on the basis of:

Types

OEM, Aftermarket

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

Household air conditioner, Automobile air-conditioning, Refrigeration Equipment, Other

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:

  1. Daikin
  2. Chemours
  3. Arkema
  4. Dongyue Group
  5. Zhejiang Juhua
  6. Mexichem
  7. Meilan Chemical
  8. Sanmei
  9. Sinochem Group
  10. Linde A.G.
  11. Daikin

Global R-124 Refrigerant Market Overview


Highlights of The R-124 Refrigerant Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. OEM
    2. Aftermarket
  1. By Application:

    1. Household air conditioner
    2. Automobile air-conditioning
    3. Refrigeration Equipment
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the R-124 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

Global R-124 Refrigerant Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


R-124 refrigerant is a synthetic gas that is used in air conditioning and refrigeration systems. It is a colorless, odorless, nonflammable gas that has low toxicity.

Some of the key players operating in the r-124 refrigerant market are Daikin, Chemours, Arkema, Dongyue Group, Zhejiang Juhua, Mexichem, Meilan Chemical, Sanmei, Sinochem Group, Linde A.G., Daikin.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 R-124 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 R-124 Refrigerant Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 R-124 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 R-124 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 R-124 Refrigerant Market Size & Forecast, 2020-2028       4.5.1 R-124 Refrigerant Market Size and Y-o-Y Growth       4.5.2 R-124 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 OEM
      5.2.2 Aftermarket
   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 Household air conditioner
      6.2.2 Automobile air-conditioning
      6.2.3 Refrigeration Equipment
      6.2.4 Other
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global R-124 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 R-124 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 OEM
      9.6.2 Aftermarket
   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 Household air conditioner
      9.10.2 Automobile air-conditioning
      9.10.3 Refrigeration Equipment
      9.10.4 Other
   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 OEM
      10.6.2 Aftermarket
   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 Household air conditioner
      10.10.2 Automobile air-conditioning
      10.10.3 Refrigeration Equipment
      10.10.4 Other
   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 OEM
      11.6.2 Aftermarket
   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 Household air conditioner
      11.10.2 Automobile air-conditioning
      11.10.3 Refrigeration Equipment
      11.10.4 Other
   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 OEM
      12.6.2 Aftermarket
   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 Household air conditioner
      12.10.2 Automobile air-conditioning
      12.10.3 Refrigeration Equipment
      12.10.4 Other
   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 OEM
      13.6.2 Aftermarket
   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 Household air conditioner
      13.10.2 Automobile air-conditioning
      13.10.3 Refrigeration Equipment
      13.10.4 Other
   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 R-124 Refrigerant Market: Competitive Dashboard
   14.2 Global R-124 Refrigerant Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Daikin
      14.3.2 Chemours
      14.3.3 Arkema
      14.3.4 Dongyue Group
      14.3.5 Zhejiang Juhua
      14.3.6 Mexichem
      14.3.7 Meilan Chemical
      14.3.8 Sanmei
      14.3.9 Sinochem Group
      14.3.10 Linde A.G.
      14.3.11 Daikin

Our Trusted Clients

Contact Us