Market Overview:
The global refrigerant gas market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for refrigeration and air-conditioning systems across the globe. Additionally, the growing awareness about energy efficiency and environmental concerns are also fueling the growth of this market. However, volatility in prices of raw materials used in manufacturing refrigerants is restraining the growth of this market. On basis on type, HCFCs held a major share of the global refrigerant gas market in 2017 and is projected to maintain its dominance during forecast period as well. HCFCs are being replaced by HFCs owing to their harmful effects on environment; however, HCFCs still find extensive use in developing countries due to their low cost and easy availability.
Product Definition:
Refrigerant gas is a substance which is used in refrigerators and air conditioners to cool the internal parts of these appliances. It circulates through coils inside the machines, absorbing heat from the surrounding air and then releasing that heat outside. This helps keep food cold in refrigerators and keeps rooms cool in air conditioners.
HCFC:
Hydrofluorocarbons (HFCs) are the most widely used refrigerants. They were developed in the 1950s as an alternative to chlorofluorocarbons (CFCs), which were previously used for global warming purposes. HFCs do not possess any Ozone Depletion Potential (ODP) and have a much lower Global Warming Potential (GWP).
HFC:
Hydrofluorocarbons (HFCs) are the group of chemicals with the formula CF3. They are often represented by the single-letter designation HFC. The most common applications of HFCs include refrigerants and deodorants.
Application Insights:
The refrigerators segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The increasing demand for energy-efficient products that are capable of maintaining low temperatures is projected to be a major factor driving the segment growth. Moreover, technological advancements and new product launches are anticipated to further boost industry expansion over the coming years.
Air conditioners application also accounted for significant share in 2017 owing to its ability of cooling down rooms efficiently as well as reducing electricity consumption by 30%. Technological advancements such as HVAC systems with digital control technology that uses sensors have increased their efficiency, which has resulted in higher demand for GRefrigerant across various end-use industries globally.
Freezers held a considerable share in 2017 due to high demand from countries including Russia, China and India where fruits & vegetables are considered an important part of diet like meat & fish.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for refrigerants owing to rising product penetration in various end-use industries, such as HVAC & refrigeration, consumer electronics, and appliances. China is one of the major consumers of RGGI in this region due to high product demand from domestic manufacturers coupled with government support for promoting new investments through tax benefits and other financial incentives.
The European market held a share of more than 20% in 2017 owing to stringent regulations by numerous agencies regarding global warming potential (GWP) associated with Refrigerant 1234yf (R-1234YF), which is also known as mazut gas or petroleum gas.
Growth Factors:
- Increasing demand for refrigeration in food and beverage industry
- Stringent environmental regulations for refrigerants
- Rising demand from developing countries for air-conditioning and refrigeration systems
- Technological advancements in the field of refrigerant gases
- Growing awareness about energy efficiency and its benefits
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigerant Gas Market Research Report
By Type
HCFC, HFC, HC, Other
By Application
Refrigerators, Freezers, Air conditioners, Others
By Companies
Chemours, Honeywell, Mexichem, Daikin, Arkema, Linde, Navin Fluorine International, GFL, Dongyue Group, Zhejiang Juhua, Meilan Chemical, Sanmei, F, Yuean Chemical, Ying Peng Chemical, Yonghe Refrigerant, Limin Chemicals, China Fluoro Technology
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Refrigerant Gas Market Report Segments:
The global Refrigerant Gas market is segmented on the basis of:
Types
HCFC, HFC, HC, Other
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
Refrigerators, Freezers, Air conditioners, 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
- Honeywell
- Mexichem
- Daikin
- Arkema
- Linde
- Navin Fluorine International
- GFL
- Dongyue Group
- Zhejiang Juhua
- Meilan Chemical
- Sanmei
- F
- Yuean Chemical
- Ying Peng Chemical
- Yonghe Refrigerant
- Limin Chemicals
- China Fluoro Technology
Highlights of The Refrigerant Gas 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:
- HCFC
- HFC
- HC
- Other
- By Application:
- Refrigerators
- Freezers
- Air conditioners
- 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 Refrigerant Gas 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 gas is a type of air conditioning gas that helps to keep your home cool. Refrigerant gases are made up of molecules called hydrocarbons.
Some of the major companies in the refrigerant gas market are Chemours, Honeywell, Mexichem, Daikin, Arkema, Linde, Navin Fluorine International, GFL, Dongyue Group, Zhejiang Juhua, Meilan Chemical, Sanmei, F, Yuean Chemical, Ying Peng Chemical, Yonghe Refrigerant, Limin Chemicals, China Fluoro Technology.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refrigerant Gas 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 Refrigerant Gas Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refrigerant Gas 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 Refrigerant Gas 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 Refrigerant Gas Market Size & Forecast, 2020-2028
4.5.1 Refrigerant Gas Market Size and Y-o-Y Growth
4.5.2 Refrigerant Gas 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 HCFC
5.2.2 HFC
5.2.3 HC
5.2.4 Other
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 Refrigerators
6.2.2 Freezers
6.2.3 Air conditioners
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refrigerant Gas 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 Refrigerant Gas 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 HCFC
9.6.2 HFC
9.6.3 HC
9.6.4 Other
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 Refrigerators
9.10.2 Freezers
9.10.3 Air conditioners
9.10.4 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 HCFC
10.6.2 HFC
10.6.3 HC
10.6.4 Other
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 Refrigerators
10.10.2 Freezers
10.10.3 Air conditioners
10.10.4 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 HCFC
11.6.2 HFC
11.6.3 HC
11.6.4 Other
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 Refrigerators
11.10.2 Freezers
11.10.3 Air conditioners
11.10.4 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 HCFC
12.6.2 HFC
12.6.3 HC
12.6.4 Other
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 Refrigerators
12.10.2 Freezers
12.10.3 Air conditioners
12.10.4 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 HCFC
13.6.2 HFC
13.6.3 HC
13.6.4 Other
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 Refrigerators
13.10.2 Freezers
13.10.3 Air conditioners
13.10.4 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 Refrigerant Gas Market: Competitive Dashboard
14.2 Global Refrigerant Gas Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chemours
14.3.2 Honeywell
14.3.3 Mexichem
14.3.4 Daikin
14.3.5 Arkema
14.3.6 Linde
14.3.7 Navin Fluorine International
14.3.8 GFL
14.3.9 Dongyue Group
14.3.10 Zhejiang Juhua
14.3.11 Meilan Chemical
14.3.12 Sanmei
14.3.13 F
14.3.14 Yuean Chemical
14.3.15 Ying Peng Chemical
14.3.16 Yonghe Refrigerant
14.3.17 Limin Chemicals
14.3.18 China Fluoro Technology
