HOME Top Market Reports Refrigerant Market – Hydro Chlorofluorocarbons (HCFC), Hydro fluorocarbon (HFC), Hydrocarbon (HC), Inorganic (Ammonia, Carbon dioxide) - Trends & Forecasts to 2018

Refrigerant Market – Hydro Chlorofluorocarbons (HCFC), Hydro fluorocarbon (HFC), Hydrocarbon (HC), Inorganic (Ammonia, Carbon dioxide) - Trends & Forecasts to 2018

By: marketsandmarkets.com
Publishing Date: May 2013
Report Code: CH 1536

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The growth in consumer durable and automobile industry is driving the demand in refrigerant industry. Additionally, the major suppliers are responding towards the phase out of HCFCs by providing a wide range of alternative refrigerants and maintaining their supply globally. The primary application of refrigerants is in the manufacturing of refrigeration and air conditioning equipments. Some of its others, but significant, uses are in solvents, foam blowing agents, pharmaceuticals, food stuff, plastics, electronics etc.

The market has great growth potential. The refrigerant market is expected to grow at a compound annual growth rate of 5.2%, over the next five years and reach 1.6 million metric tons by 2018. Asia-Pacific, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest consumption during the next five years.

The growing demand for cooling equipment and high growth in Asia-Pacific region is expected to remain the driving force for refrigerants demand in long run. However the frequent change in Montreal Protocol with respect to choice in refrigerant is restraining the market growth. The use of traditional refrigerant such as CFC and HFCF is causing greenhouse effects, so its use is being restricted. Hence, the demand for natural or green refrigerants is emerging in this market.

This report studies and forecasts the market till 2018. The refrigerant market is further segmented and forecasted for major geographic regions such as: Americas, Europe, Asia-Pacific, and Rest of the World that include key growth regions like China, and India. Major countries with the volumes and revenues are covered for each of the region. Market estimations have been provided in terms of consumption volume (metric ton) and market revenue (USD). The global as well as regional markets have been segmented by applications such as refrigeration (domestic, commercial, transportation, and industrial), and AC (stationary or air to air AC, chillers & hydronic heat humps and Mobile AC).

Market has also been segmented on the basis of product types where major product types such as fluorocarbons (HCFC and HFC), inorganic refrigerants (ammonia, carbon dioxide), hydrocarbon (propane and iso-butane), and other refrigerants have been discussed in detail and a comprehensive view and forecast is provided for each category with the market volumes and revenues.

We have also profiled leading players of this industry with their recent developments and other strategic industry activities. Key participants in the global market include France based Arkema SA, Japan based Daikin Industries Ltd., E.I. du Pont de Nemours & Co (U.S.), Honeywell International (U.S.), Mexico based Mexichem Fluor S.A. de C.V., and Belgium based Solvay SA. China based Dongyue Group., India based Navin Fluorine International Ltd, Gujarat Fluorochemicals Ltd and SRF Ltd.

We have used various secondary sources such as Companys Annual Reports, Organisational Websites and Databases to identify and collect information useful for this extensive commercial study of refrigerants. The primary sources - selected experts from related industries and selected suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of refrigerants.

Scope of the report: This research report categorizes the global refrigerant market on the basis of applications, product type and geography; forecasting volumes and revenues and analyzing trends in each of the submarkets.

On the basis of applications: The refrigerant market is segmented on the basis of applications as Domestic, Commercial and Industrial. Each application is further described in detail in the report with volumes and revenues forecasted for each application.

On the basis of product type: Fluorocarbons, Inorganic, Hydrocarbon and others.

On the basis of geography: Americas, Europe, Asia Pacific, and Africa & Middle East.

Table Of Contents
 
1 Introduction  (Page No. - 19)
  1.1 Key Take-Aways
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stakeholders
  1.5 Research Methodology
      1.5.1 Market Size
      1.5.2 Key Data Points Taken From Secondary Sources
      1.5.3 Major Secondary Sources Used
      1.5.4 Key Data Points Taken From Primary Sources
      1.5.5 Assumptions Made For This Report

2 Executive Summary  (Page No. - 24)

3 Premium Insights  (Page No. - 26)
  3.1 Stationary Ac Dominating The Market
  3.2 Asia-Pacific To Continue Driving The Refrigerant Market
  3.3 China – The Largest Refrigerant Market
  3.4 Best Market To Invest: Asia-Pacific
  3.5 Strategic Analysis - Major Players

4 Market Overview  (Page No. - 32)
  4.1 Introduction
  4.2 Value Chain Analysis
      4.2.1 Raw Material
      4.2.2 Refrigerants
      4.2.3 End Use Applications
  4.3 Market Dynamics
      4.3.1 Drivers
            4.3.1.1 Increase In Demand Of Cooling Products
            4.3.1.2 High Growth In Asia-Pacific Region
      4.3.2 Restraints
            4.3.2.1 The Frequent Changes In The Choice Of Refrigerants With Respect To Montreal Protocol
            4.3.2.2 Concern For Human Exposure
      4.3.3 Opportunity
            4.3.3.1 Increase In Demand Of Natural Refrigerants
  4.4 Burning Issues
      4.4.1 Development Of Non Hazardous, Low GWP, And Energy Efficient Refrigerants
      4.4.2 Increasing Prices Of Raw Materials
  4.5 Winning Imperatives
  4.6 Raw Material Analysis
      4.6.1 Hydrofluoric Acid
  4.7 Porter’s Five Forces Analysis
      4.7.1 Suppliers’ Power
      4.7.2 Buyers’ Power
      4.7.3 Threat Of New Entrants
      4.7.4 Threat Of Substitutes
      4.7.5 Degree Of Competition
  4.8 Market Share Analysis
  4.9 Patent Analysis

5 Refrigerant Market, By Types  (Page No. - 56)
  5.1 Introduction
  5.2 Rising Cooling Products Demand Driving The Market
  5.3 Fluorocarbons
      5.3.1 Chlorofluorocarbons (CFC)
      5.3.2 Hydrochlorofluorocarbons (HCFC)
      5.3.3 Hydrofluorocarbons (HFC)
            5.3.3.1 Mobile Ac Captures Maximum Share
      5.3.4 Moderate Growth In Fluorocarbon Market
            5.3.4.1 Boom In HFC Demand
  5.4 Inorganic
      5.4.1 Environment Concerns Favoring Use Of Inorganic Refrigerants
  5.5 Hydrocarbon
      5.5.1 Commonly Used Hydrocarbon Refrigerants
      5.5.2 Refrigerators Using Hydrocarbon Supporting The Market
  5.6 Others

6 Refrigeration Market, By Applications  (Page No. - 73)
  6.1 Market Segmentation
      6.1.1 Refrigeration
      6.1.2 Air Conditioning
  6.2 Stationary Ac Holds The Largest Consumption Share
  6.3 Refrigeration
      6.3.1 Domestic Refrigeration
            6.3.1.1 Refrigerant Consumption, By New Refrigerator Units
            6.3.1.2 HC Is Replacing HFC
            6.3.1.3 APAC Is Driving The Market
      6.3.2 Commercial Refrigeration
            6.3.2.1 Replacement Options For HCFCS
            6.3.2.2 Europe: A Stagnant Market
      6.3.3 Transportation Refrigeration
            6.3.3.1 HCFCS: Most Preferred For Transportation Refrigeration
            6.3.3.2 Alternatives Available
            6.3.3.3 Increasing Transportation Of Food Products Driving The Market
      6.3.4 Industrial Refrigeration
            6.3.4.1 Ammonia As Industrial Refrigerant
            6.3.4.2 Industrialization In APAC Driving The Market
  6.4 Air Conditioning
      6.4.1 Stationary Air Conditioning
            6.4.1.1 Refrigerant Used In Air Conditioners
            6.4.1.2 Urbanization Drawing The Demand From Developing Nations
      6.4.2 Chillers
            6.4.2.1 Alternatives For Chillers
            6.4.2.2 Significant Growth Of Chillers Market
      6.4.3 Mobile Air Conditioning
            6.4.3.1 Refrigerants For Mac
            6.4.3.2 Available Alternatives
            6.4.3.3 Growth In Vehicle Production Driving The Demand

7 Refrigerant Market, By Geography  (Page No. - 95)
  7.1 Introduction
  7.2 Significant Demand From Developing Countries
  7.3 Asia-Pacific
      7.3.1 Stationary Ac Captures Maximum Share
      7.3.2 High Demand For Fluorocarbon Refrigerants (HCFC & HFC)
      7.3.3 China Is The Leading Consumer
            7.3.3.1 China
                    7.3.3.1.1 Major Refrigerant Producer In China
                    7.3.3.1.2 High Growth In China’s Domestic Refrigeration Application
            7.3.3.2 India
                    7.3.3.2.1 Major Companies
                    7.3.3.2.2 Increasing Refrigerant Consumption In Stationary AC
            7.3.3.3 Japan
            7.3.3.4 Rest Of Asia
  7.4 Americas
      7.4.1 Transportation Refrigeration To Grow At Highest CAGR
      7.4.2 Growing Consumption Of Hydrocarbon
      7.4.3 Brazil Offering The Highest Growth
            7.4.3.1 U.S.
                    7.4.3.1.1 Growing Demand In Commercial Refrigeration
            7.4.3.2 Canada
  7.5 Europe
      7.5.1 Domestic Refrigeration Showing Positive Growth
      7.5.2 Fluorocarbon Consumption Will Decline
      7.5.3 Hydrocarbon Refrigerant Gaining Significant Share
      7.5.4 Country Level Analysis
            7.5.4.1 Germany
            7.5.4.2 U.K.
  7.6 Rest Of World
      7.6.1 Commercial Applications Will Drive The Market

8 Competitive Landscape  (Page No. - 130)
  8.1 Introduction
  8.2 New Product Launch/Technological Development Lead The Way
  8.3 Expansion
  8.4 Mergers & Acquisitions
  8.5 Joint Venture
  8.6 Supply Contract

9 Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments)*  (Page No. - 141)
  9.1 Airgas Inc.
  9.2 Arkema S.A.
  9.3 Asahi Glass Co. Ltd
  9.4 Daikin Industries Ltd
  9.5 Dongyue Group Ltd
  9.6 E.I. DU Pont DE Nemours & Co.
  9.7 Gujarat Fluorochemicals Ltd
  9.8 Harp International Ltd
  9.9 Honeywell International Inc.
  9.10 Linde A.G.
  9.11 Mexichem S.A.B DE C.V.
  9.12 National Refrigerants
  9.13 Navin Fluorine International Ltd
  9.14 Puyang Zhongwei Fine Chemical Co. Ltd
  9.15 Quimobasicos S.A DE C.V
  9.16 Shandong Yuean Chemical Industry Co.
  9.17 Sinochem Group
  9.18 Solvay S.A.
  9.19 SRF Ltd
  9.20 Zhejiang Juhua Co. Ltd

*Details On Overview, Financials, Product & Services, Strategy, And Developments Might Not Be Captured In Case Of Unlisted Companies.


Appendix  (Page No. - 203)
U.S. Patents
Europe Patents
Japan Patents
 
 
List Of Tables  (111 Tables)
 
Table 1 Refrigerants: Key Manufacturers, Their Products & Brands
Table 2 Refrigerant: Cooling Equipment Shipment, By Geography,2006 – 2016 ($Million)
Table 3 Refrigerant: Company Expansion Plans In Asia-Pacific
Table 4 Schedule For Eliminating HCFC: Non Article 5 Parties
Table 5 Schedule For Eliminating HCFC: Article 5 Parties
Table 6 Natural Refrigerants: Technology Availability
Table 7 Refrigerant With Low GWP & Zero ODP
Table 8 Refrigerant: Organic Growth Strategies, By Major Players
Table 9 Fluorspar: Bulk Prices, 2009 – 2016 ($/MT)
Table 10 Hydrofluoric Acid: Bulk Prices, 2009 – 2016 ($/MT)
Table 11 Number Of Patents Published, By Regions, 2008 – 2013
Table 12 Number Of Published Patents, By Companies, 2008 – 2013
Table 13 Global Refrigerant Market Consumption, By Types,2013 – 2018 ('000 MT)
Table 14 Global Refrigerant Market Revenue, By Types,2011 – 2018 ($Million)
Table 15 Typical HCFCS, Its Applications & GWPS For 100yr Time
Table 16 HCFCS, Its Applications & GWPS For 100yr Time
Table 17 HFC Refrigerant Market Consumption, By Applications,2011 – 2018 ('000 MT)
Table 18 Fluorocarbon Refrigerant Market Consumption,By Geography, 2011 – 2018 ('000 MT)
Table 19 Fluorocarbon Refrigerant Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 20 Fluorocarbon Refrigerant Market Consumption In Refrigeration, By Product Types, 2011 – 2018 ('000 MT)
Table 21 Commonly Used Inorganic Refrigerants, Its Applications & GWPS For 100yr Time
Table 22 Inorganic Refrigerant Market Consumption, By Geography, 2011 – 2018 ('000 MT)
Table 23 Inorganic Refrigerant Market Revenue, By Geography,2011 – 2018 ($Million)
Table 24 Commonly Used Hydrocarbon Refrigerants, Its Applications & GWPS For 100yr Time
Table 25 Hydrocarbon Refrigerant Market Consumption,By Geography, 2011 – 2018 ('000 MT)
Table 26 Hydrocarbon Refrigerant Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 27 Global Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 28 Consumption Of Refrigerants In New Refrigerator Units,By Geography, 2004 – 2008 (MT)
Table 29 Domestic Refrigeration: Refrigerant Market Volume,By Applications, 2011 – 2018 (’000 MT)
Table 30 Domestic Refrigeration: Refrigerant Market Volume,By Geography, 2011 – 2018 (’000 MT)
Table 31 Replacement Options Available For HCFC In Commercial Refrigeration
Table 32 Commercial Refrigeration: Refrigerant Market Volume,By Geography, 2011 – 2018 (’000 MT)
Table 33 Types Of Refrigerant Used In Different Countries For Transportation Refrigeration
Table 34 Alternate Refrigerants, Their Challenges & Advantages For Transport Refrigeration
Table 35 Transportation Refrigeration: Refrigerant Market Volume, By Geography, 2011 – 2018 (’000 MT)
Table 36 Criteria For Industrial Refrigeration
Table 37 Use Of Ammonia For Industrial Applications In Different Regions
Table 38 Industrial Refrigeration: Refrigeration Market Volume,By Geography, 2011 – 2018 (’000 MT)
Table 39 Types Of Refrigerant Used In Air Conditioners
Table 40 Stationary Ac: Refrigerant Market Volume, By Geography, 2011 – 2018 (’000 MT)
Table 41 Alternate Refrigerants, Their Advantages & Difficulties For Usage
Table 42 Chillers: Refrigerant Market Volume, By Geography,2011 – 2018 (’000 MT)
Table 43 Refrigerant Option Available For Mac Application With Status On Their Usage
Table 44 Alternate Refrigerants For Mac System, Their Advantages & Difficulties In Usage
Table 45 Mobile Ac: Refrigerant Market Volume, By Geography,2011 – 2018 (’000 MT)
Table 46 Refrigerant: Market Volume, By Geography,2011 – 2018 (’000 MT)
Table 47 Refrigerant: Market Revenue, By Geography,2011 – 2018 ($Million)
Table 48 APAC: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 49 APAC: Volume, By Types,2011 – 2018 (’000 MT)
Table 50 APAC: Revenue, By Types,2011 – 2018 ($Million)
Table 51 APAC: Volume, By Countries,2011 – 2018 (’000 MT)
Table 52 Hcfc-22 Producers In China, 2011
Table 53 China: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 54 China: Volume, By Types,2011 – 2018 (’000 MT)
Table 55 India: Fluorochemicals Industries, 2011
Table 56 India: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 57 Japan: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 58 Rest Of Asia: Refrigerant Market Volume, By Types,2011 – 2018 (’000 MT)
Table 59 Americas: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 60 Americas: Volume, By Types,2011 – 2018 (’000 MT)
Table 61 Americas: Revenue, By Types,2011 – 2018 ($Million)
Table 62 Americas: Refrigerant Market Volume, By Countries,2011 – 2018 (’000 MT)
Table 63 U.S.: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 64 U.S.: Volume, By Types,2011 – 2018 (’000 MT)
Table 65 Canada: Refrigerant Market Volume, By Types,2011 – 2018 (’000 MT)
Table 66 Europe: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 67 Europe: Volume, By Types,2011 – 2018 (’000 MT)
Table 68 Europe: Revenue, By Types,2011 – 2018 ($Million)
Table 69 Europe: Volume, By Countries,2011 – 2018 (’000 MT)
Table 70 Germany: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 71 Germany: Volume, By Types,2011 – 2018 (’000 MT)
Table 72 U.K: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 73 Row: Refrigerant Market Volume, By Applications,2011 – 2018 (’000 MT)
Table 74 Row: Volume, By Types,2011 – 2018 (’000 MT)
Table 75 Row: Revenue, By Types,2011 – 2018 ($Million)
Table 76 New Product Launch/Technological Development, 2010 – 2013
Table 77 Expansion, 2010 – 2012
Table 78 Mergers & Acquisitions, 2010 – 2012
Table 79 Joint Venture, 2010
Table 80 Supply Contract, 2011 – 2013
Table 81 Airgas: Products & Its Applications
Table 82 Airgas: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 83 Arkema S.A: Products & Its Applications
Table 84 Arkema S.A: Annual Revenue, By Business Segments,2010 – 2011 ($Million)
Table 85 Asahi: Products & Its Applications
Table 86 Asahi: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 87 Daikin: Products & Its Applications
Table 88 Daikin: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 89 Dongyue Group: Products & Its Applications
Table 90 Dongyue Group: Annual Revenue, By Refrigerant Types,2010 – 2011 ($Million)
Table 91 Dupont: Products & Its Applications
Table 92 Dupont: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 93 GFL: Products & Its Applications
Table 94 GFL: Annual Revenue, By Products, 2011 – 2012 ($Million)
Table 95 Harp International: Products & Its Applications
Table 96 Honeywell: Products & Its Applications
Table 97 Honeywell: Annual Revenue, By Business Segments,2010 – 2011 ($Million)
Table 98 Linde: Products & Its Applications
Table 99 Mexichem S.A.B De C.V.: Products & Its Applications
Table 100 National Refrigerants: Products & Its Types
Table 101 Navin: Products & Its Applications
Table 102 Puyang Zhongwei: Products & Its Applications
Table 103 Quimobasicos: Products & Its Applications
Table 104 Shandong Yuen: Products & Its Applications
Table 105 Sinochem Group: Products & Its Applications
Table 106 Solvay S.A: Products & Its Applications
Table 107 Solvay S.A: Annual Revenue, By Chemical Segments,2011 – 2012 ($Million)
Table 108 SRF: Refrigerant Installed Capacity, 2011 – 2012
Table 109 SRF: Products & Its Applications
Table 110 SRF: Annual Revenue, By Business Segments,2011 – 2012 ($Million)
Table 111 Zhejhiang Juhua: Products & Its Applications
 
 
List Of Figures  (16 Figures)
 
Figure 1 Refrigerant Market Consumption, By Types, Application & Geography, 2012
Figure 2 Refrigerant Market Share, By Applications, 2018
Figure 3 Refrigerant Market Revenue Trends, 2011 – 2018 ($Million)
Figure 4 Refrigerant Market Consumption, By Geography & Countries, 2013 (‘000 MT)
Figure 5 Market Matrix: Refrigerant Market In Different Region
Figure 6 The Top 5 Companies Relied On Launching New & Improved Products
Figure 7 Value Chain Analysis Of Refrigerants
Figure 8 Impact Analysis Of Major Drivers On Global Refrigerant Market
Figure 9 Impact Analysis Of Major Restraints On Global Refrigerant Market
Figure 10 Average Acid Spar Prices, 2009 – 2012 ($/MT)
Figure 11 Fluorspar: Market Share, By End Applications, 2010
Figure 12 Porter’s Five Forces Analysis
Figure 13 Fluorochemical: Market Share, By Companies, 2011
Figure 14 Number Of Published Patents: Market Share, By Region,2008 – 2013
Figure 15 Refrigerant Market Share, By Geography, 2012
Figure 16 Global Market, By Growth Strategies,2010 – 2013

Global refrigerant demand is anticipated to grow by 5.2% to reach 1.6 million metric tons by 2018. Gains will be fueled by increasing production of refrigerator and cooling products/equipment, economic growth of developing nations, increasing standard of living, and rising global temperatures.

The market is very mature with high degree of competition. In this scenario, companies are coming up with new and more environment friendly products. For instance, in domestic refrigerators, hydrocarbon refrigerants (R600A) are used as an alternative to HFC. Also the Mobile AC market (MAC) was completely dominated by HFC134a refrigerant. But as per MAC Directive requirements, every new model vehicle should use automotive refrigerant with a GWP of less than 150. So, the companies such as DuPont, Honeywell have developed an alternative refrigerant HFO-1234yf which has very low GWP as compared to HFC134a.

High growth in Asia-Pacific region and increasing demand for cooling products are important market drivers which have high impact on market at present. The increase in price of raw materials and development of non-hazardous low GWP refrigerants are the tough challenges faced by the manufacturers. The industry has switched over to "ozone-friendly" or natural refrigerants, as the choice is based on their global warming impact. Since the natural refrigerants have low global warming impact, it will experience tremendous growth in the future.

Major players in this market are DuPont (U.S.), Solvay SA (Belgium), Japan based Daikin and Asahi Glass, Shandong France based Arkema, Dongyue Group (China), Asahi Glass (Japan), and Honeywell International Ltd. (U.S.). which hold significant controlling in the refrigerant market.

Refrigerant Market Share, by Geography, 2012

Refrigerant Market

Source: MarketsandMarkets Analysis

Asia Pacific is identified as the largest refrigerant market as well as the highest growing in next five years among all regional markets. Asia-Pacific has emerged as an important consumer due to the increasing demand on the domestic front, growing middleclass, and increasing income levels.

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