Market Overview:
The global R-407 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 R-407 refrigerant in various applications, such as industrial refrigeration and commercial refrigeration. Additionally, the growing awareness about environment-friendly products is also contributing to the growth of this market. The global R-407A refrigerant market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in this segment can be attributed to its high demand in various applications, such as industrial and commercial refrigerator systems owing ot its low GWP value when compared with other HFCs used as alternatives for Refrigerants 407A (e.g., 404A). The global R-407C refrigerant market is expected grow at a CAGR of 4% from 2018 To 2030 .This Market Growth Can Be Attributed To Its Increasing Demand In Various Applications Such As Industrial Refrigeration And Commercial Refrigeration Systems Owing To Its Low Gwp Value When Compared With Other HfcS Used As Alternatives For Refrigerants 407C (Eg.
Product Definition:
R-407 is a non-ozone depleting refrigerant that can be used in place of R-22 in many applications. It has a high capacity and efficiency, making it perfect for use in commercial and industrial refrigeration systems.
R-407A:
R-407A is a type of chlorofluorocarbon used as a refrigerant. It has high heat transfer properties and low global warming potential. R-407A was first registered under the name CFC-12 in 1978 by Dow Chemical Company, which was later on confirmed to be an ozone depleting substance.
R-407C:
R-407C is a type of refrigerant used in air conditioners and heat pumps. It is also known as propane, which is the common name for a class of gases with the chemical formula (CH3)n. The R-407C can be converted to energy by using it to cool down water or heating process water.
Application Insights:
The global market is segmented by application into industrial and commercial refrigeration. The industrial segment dominated the market in 2017, accounting for over 60% of the overall revenue share. Growing demand for R-407A from various industries including food and beverage, chemical, pulp and paper as well as metalworking is expected to drive growth over the forecast period.
R-407C was the second largest type of refrigerant produced globally in 2017 owing to its usage in low temperature applications such as cold storage facilities, supermarkets and hypermarkets which are widely distributed across developing countries such as India China Indonesia Malaysia Philippines Singapore Thailand Vietnam etc. Furthermore R-407H will be replacing R-134a due to its better performance at a lower cost which will further reduce prices driving growth worldwide during upcoming years.
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 increasing industrialization, coupled with rising commercial construction activities. Furthermore, rapid urbanization in emerging economies such as India and China has led to an increase in residential spaces, which has resulted in greater demand for refrigeration systems. This scenario is anticipated to drive product demand over the forecast period.
The Asia Pacific was followed by Europe that accounted for a revenue share of 22% globally owing to high consumption levels of R-407 across major countries such as Germany, France and Russia among others. Moreover, stringent government regulations regarding energy conservation are likely boost product adoption across end-use industries such as HVAC & refrigeration industry thereby driving regional growth over the next eight years or so until 2030 time frame).
Growth Factors:
- Increasing demand for energy-efficient appliances
- Stringent environmental regulations across the globe
- 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-407 Refrigerant Market Research Report
By Type
R-407A, R-407C, R-407H
By Application
Industrial Refrigeration, Commercial Refrigeration
By Companies
Orbia, Daikin, Chemours, Arkema, Dongyue Group, Zhejiang Juhua, Meilan Chemical, Sanmei, Sinochem Group, Linde A.G., Orbia
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
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global R-407 Refrigerant Market Report Segments:
The global R-407 Refrigerant market is segmented on the basis of:
Types
R-407A, R-407C, R-407H
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
Industrial Refrigeration, Commercial Refrigeration
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:
- Orbia
- Daikin
- Chemours
- Arkema
- Dongyue Group
- Zhejiang Juhua
- Meilan Chemical
- Sanmei
- Sinochem Group
- Linde A.G.
- Orbia
Highlights of The R-407 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-407A
- R-407C
- R-407H
- By Application:
- Industrial Refrigeration
- Commercial Refrigeration
- 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-407 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-407 is a refrigerant that is used in air conditioning and refrigeration systems. It is a synthetic hydrocarbon that has high heat capacity and low vapor pressure.
Some of the key players operating in the r-407 refrigerant market are Orbia, Daikin, Chemours, Arkema, Dongyue Group, Zhejiang Juhua, Meilan Chemical, Sanmei, Sinochem Group, Linde A.G., Orbia.
The r-407 refrigerant market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 R-407 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-407 Refrigerant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 R-407 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-407 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-407 Refrigerant Market Size & Forecast, 2018-2028
4.5.1 R-407 Refrigerant Market Size and Y-o-Y Growth
4.5.2 R-407 Refrigerant Market Absolute $ Opportunity
Chapter 5 Global R-407 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 R-407 Refrigerant Market Size Forecast by Type
5.2.1 R-407A
5.2.2 R-407C
5.2.3 R-407H
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global R-407 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 R-407 Refrigerant Market Size Forecast by Applications
6.2.1 Industrial Refrigeration
6.2.2 Commercial Refrigeration
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global R-407 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-407 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 R-407 Refrigerant Analysis and Forecast
9.1 Introduction
9.2 North America R-407 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 R-407 Refrigerant Market Size Forecast by Type
9.6.1 R-407A
9.6.2 R-407C
9.6.3 R-407H
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 R-407 Refrigerant Market Size Forecast by Applications
9.10.1 Industrial Refrigeration
9.10.2 Commercial Refrigeration
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 R-407 Refrigerant Analysis and Forecast
10.1 Introduction
10.2 Europe R-407 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 R-407 Refrigerant Market Size Forecast by Type
10.6.1 R-407A
10.6.2 R-407C
10.6.3 R-407H
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 R-407 Refrigerant Market Size Forecast by Applications
10.10.1 Industrial Refrigeration
10.10.2 Commercial Refrigeration
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 R-407 Refrigerant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific R-407 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 R-407 Refrigerant Market Size Forecast by Type
11.6.1 R-407A
11.6.2 R-407C
11.6.3 R-407H
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 R-407 Refrigerant Market Size Forecast by Applications
11.10.1 Industrial Refrigeration
11.10.2 Commercial Refrigeration
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 R-407 Refrigerant Analysis and Forecast
12.1 Introduction
12.2 Latin America R-407 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 R-407 Refrigerant Market Size Forecast by Type
12.6.1 R-407A
12.6.2 R-407C
12.6.3 R-407H
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 R-407 Refrigerant Market Size Forecast by Applications
12.10.1 Industrial Refrigeration
12.10.2 Commercial Refrigeration
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) R-407 Refrigerant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) R-407 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) R-407 Refrigerant Market Size Forecast by Type
13.6.1 R-407A
13.6.2 R-407C
13.6.3 R-407H
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) R-407 Refrigerant Market Size Forecast by Applications
13.10.1 Industrial Refrigeration
13.10.2 Commercial Refrigeration
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-407 Refrigerant Market: Competitive Dashboard
14.2 Global R-407 Refrigerant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Orbia
14.3.2 Daikin
14.3.3 Chemours
14.3.4 Arkema
14.3.5 Dongyue Group
14.3.6 Zhejiang Juhua
14.3.7 Meilan Chemical
14.3.8 Sanmei
14.3.9 Sinochem Group
14.3.10 Linde A.G.
14.3.11 Orbia
