Market Overview:
The global R-402A 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 market growth can be attributed to the increasing demand for R-402A refrigerant from various applications such as commercial refrigeration equipment, traffic refrigeration facilities, and others. On the basis of type, the OEM segment is expected to account for a larger share of the global R-402A refrigerant market during the forecast period. This can be attributed to the increasing demand for original equipment manufacturer (OEM) products from various end users across different regions. On the other hand, on account of its low price point and easy availability in aftermarket channels,the aftermarket segment is anticipated to register a higher CAGR than that of OEM during 2018–2030. Regionally speaking North America dominates with highest revenue contribution followed by Europe while Asia Pacific excluding Japan (APEJ) region registers highest growth rate over forecast years owing growing industrialization rates in countries such as China.
Product Definition:
Refrigerant R-402A is a blend of two refrigerants, R-22 and R-404A. It is used in commercial refrigeration applications such as ice machines, vending machines, and supermarket display cases.
OEM:
OEM is short for original equipment manufacturer. It’s a company that manufactures electronic components and other related products such as refrigerants used in air conditioners, heat pumps, etc. OEMs are majorly categorized into two types: System Integrators (SI) and Original Equipment Manufacturers (OEM). SI includes companies that provide system integration services whereas OEM includes companies manufacturing the complete systems such as refrigeration equipment.
Aftermarket:
Aftermarket is the secondary market for R-402A refrigerant. It includes all types of services and products related to refrigeration equipment, which are not manufactured by original equipment manufacturers (OEMs). Aftermarket can be defined as all the activities that are carried out subsequent to manufacturing of a product but before its delivery to the end user.
Application Insights:
The global demand for R-402A is expected to be dominated by its use in commercial refrigeration equipment, which accounted for over 60% of the total market volume in 2017. The growing food processing industry across the globe has led to an increased requirement of cold storage facilities, which is likely to propel product demand over the forecast period.
Rising consumer awareness regarding health and hygiene issues has resulted in a rise in demand for commercial grade refrigeration systems at hospitals and healthcare centers. This trend is expected to continue over the forecast period as these systems are considered more reliable than their counterparts used at retail stores or other similar applications.
Traffic refrigeration facilities are anticipated to grow significantly at a CAGR of XX% from 2018to 2030 owingto rising government initiatives towards improving public transportation system infrastructure globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising investments in commercial construction projects, such as malls, hotels and restaurants. These investments result in high demand for air conditioning equipment which consumes refrigerants. Moreover, increasing automotive production due to rapid urbanization across emerging economies of China and India will drive product demand further.
The European market held a revenue share of more than 20% in 2017 owing to growing automobile production coupled with stringent government regulations regarding VOC emissions from refrigeration systems used for automotive applications across Europe countries including Germany, France Italy, U K., And Spain. This resulted into increased R-402A use for replacing HFCs that are harmful towards the environment under EU regulations since 2010 (Harmonized Refrigerant Marking).
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 hypermarkets
Scope Of The Report
Report Attributes
Report Details
Report Title
R-402A Refrigerant Market Research Report
By Type
OEM, Aftermarket
By Application
Commercial Refrigeration Equipment, Traffic Refrigeration Facilities, Others
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global R-402A Refrigerant Market Report Segments:
The global R-402A 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
Commercial Refrigeration Equipment, Traffic Refrigeration Facilities, 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:
- Daikin
- Chemours
- Arkema
- Dongyue Group
- Zhejiang Juhua
- Mexichem
- Meilan Chemical
- Sanmei
- Sinochem Group
- Linde A.G.
- Daikin
Highlights of The R-402A 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:
- OEM
- Aftermarket
- By Application:
- Commercial Refrigeration Equipment
- Traffic Refrigeration Facilities
- 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 R-402A 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?
R-402A is a refrigerant that is used in air conditioning and refrigeration systems. It is a synthetic hydrocarbon, and it has low environmental impact.
Some of the key players operating in the r-402a 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-402A 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-402A Refrigerant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 R-402A 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-402A 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-402A Refrigerant Market Size & Forecast, 2020-2028
4.5.1 R-402A Refrigerant Market Size and Y-o-Y Growth
4.5.2 R-402A 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 Commercial Refrigeration Equipment
6.2.2 Traffic Refrigeration Facilities
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global R-402A 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-402A 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 Commercial Refrigeration Equipment
9.10.2 Traffic Refrigeration Facilities
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 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 Commercial Refrigeration Equipment
10.10.2 Traffic Refrigeration Facilities
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 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 Commercial Refrigeration Equipment
11.10.2 Traffic Refrigeration Facilities
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 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 Commercial Refrigeration Equipment
12.10.2 Traffic Refrigeration Facilities
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) 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 Commercial Refrigeration Equipment
13.10.2 Traffic Refrigeration Facilities
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 R-402A Refrigerant Market: Competitive Dashboard
14.2 Global R-402A 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
