Refrigerants Market by Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, Air, Water, Propene, Isopentane),Application(Domestic, Industrial, Commercial, Chillers, Split AC, VRF, Window, MAC), and Region - Global Forecast to 2025
[ 191 Pages Report] The refrigerants market size is estimated to be USD 21.3 billion in 2020 and is projected to reach USD 30.8 billion by 2025, at a CAGR of 7.7% between 2020 and 2025. The market is mainly driven by the rising demand for refrigerants from the applications domestic, commercial, and industrial refrigeration; chillers; window, split, VRF, and other air-conditioning systems; and MAC. Growing demand for refrigerants in upcoming applications has created various opportunities for its manufacturers. APAC is the key market for refrigerants, globally, followed by North America and Europe, in terms of volume. One of the primary drivers of the market is the increasing demand for consumer appliances in these regions.
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Impact of COVID-19 on Refrigerants Market
The COVID-19 outbreak has impacted the global refrigerants market as demand for refrigerants from end-use applications declined for a short-term period at the beginning of 2020. Several industries witnessed setbacks in the first half of 2020, which led to a consequent decline in the demand for refrigerants. As a result, the refrigerant market is expected to witness negative growth in 2020. However, demand is expected to revive from 2021 onward and continue during the forecast period.
Market Dynamics
Driver: Growing Cold Chain Market
A cold chain is a supply chain that consists of a series of storage and distribution activities to maintain a particular temperature range. It comprises two segments – refrigerated transport that utilizes refrigerator trucks, cars, rail, and containers, among others, and surface storage that consists of refrigerated warehouses for storing perishable products. The food and pharmaceutical industries are the major end-users contributing to the increase in demand for the cold chain.
Restraints: Stringent Regulations Against Fluorocarbon Refrigerants
Due to the severe damage that fluorocarbon refrigerants cause to the ozone layer, various governments and agencies are imposing regulations to limit their use. Several countries have agreed to phase out the use of HCFCs and HFCs by imposing limitations on their consumption through various protocols and regulations. These regulations restrict the growth of the fluorocarbon refrigerants market.
The frequent regulations imposed on certain refrigerants under the Montreal Protocol are hampering the refrigerants market. The main aim of this protocol is to minimize the damage caused to the ozone layer due to the use of refrigerant gases. Under this protocol, countries have agreed to phase out the use of ozone-depleting fluorinated refrigerant gases.
Opportunities: Increasing demand for Natural Refrigerants
The most commonly used natural refrigerants are ammonia, carbon dioxide, and HCs such as propane and isobutene. Technological advancements in cooling equipment are replacing traditional refrigerants with natural ones. This has led to an increase in the market share of natural refrigerants in applications such as air conditioning, refrigeration, and heating systems.
Challenges: Illegal trade of refrigerants
Illegal imports of refrigerants such as HFCs pose a major threat to the safety and health of users, installers, and equipment. Contaminated high GWP refrigerants can lead to explosions like in the case of Vietnam and Brazil in 2011, due to contaminated R134a. The illegal import of refrigerants calls for legal action from authorities and can impact the reputation of companies as well.
Split ACs application is expected to be the largest application during the forecast period
On the basis of application, the refrigerants market has been segmented into domestic, commercial, industrial refrigeration; chillers; window, split, VRF, and other air-conditioning systems; and MAC. The increased consumption of refrigerants in split ACs is attributed to the growing construction industry in APAC. The construction output of the APAC countries is increasing gradually due to the growing population and the increased number of nuclear families. In addition, the increasing purchasing power of the middle-class population and rising standards of living are driving the industry. These factors are expected to fuel the refrigerants market between 2020 and 2025.
The ammonia segment accounts for the largest share of the overall market.
On the basis of type, the refrigerants market has been segmented into HCFCs, HFCs, HFOs, isobutane, propane, ammonia, carbon dioxide, and others. Ammonia refrigerants are gaining popularity in APAC mainly due to lower carbon dioxide emissions. Factors such as the emergence of China as the global leader in the grocery market and the emergence of India and Indonesia as the fastest-growing grocery markets are increasing the demand for ammonia refrigerants in the region.
APAC is expected to account for the largest share of the refrigerants market during the forecast period.
APAC is estimated to be the largest market for refrigerants due to its growing economy and increasing population. With industrialization and growing employment, disposable income is expected to increase. This dominance of APAC is mainly due to the increasing population and improving lifestyles at each financial stratum. The demand for refrigerants is dependent on their usage in applications such as domestic, commercial, industrial refrigeration; chillers; window, split, VRF, and other air-conditioning systems; and MAC. Companies are investing more in R&D to find out more environmentally friendly refrigerants for applications in refrigeration and air-conditioning systems.
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Europe is expected to be one of the largest refrigerants markets during the forecast period.
The EU has implemented two legislative acts – the Mobile Air Conditioning directive and the F-gas Regulation. The Mobile Air Conditioning directive prohibits the use of fluorinated gasses in air conditioning systems installed in small motor vehicles. The F-gas Regulation focuses on improving the leakages of fluorinated gases and avoiding the use of these gases where alternatives are cost-effective. Such stringent regulations have led to the banning of HCFCs and HFCs, which is why these segments are expected to witness a negative CAGR during the forecast period. The demand for these refrigerants is expected to be absorbed by HFO, ammonia, carbon dioxide, and natural refrigerants such as isobutene and propane.
Key Market Players
The key market players profiled in the report include Arkema S.A. (France), Dongyue Group Co. Ltd. (China), Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Ireland), Air Liquide (France), Sinochem Lantian Co. Ltd. (China), Daikin Industries (Japan), Mexichem (Mexico), and Asahi Glass Corporation (Japan).
Honeywell International Inc. (US) is one of the leading players in the refrigerants market. In order to expand its business, the company is focusing on enhancing its market reach by entering new markets and regions. For instance, in January 2020, Honeywell International Inc. (US) Solstice L40x refrigerant was selected by Central England Co-Operative for its new food chilling systems. Similarly, The Chemours Company announced to support the market transition driven by the European Union’s F-Gas regulation to lower GWP alternatives and prepare for the next quota phasedown in 2021. It will be suspending the supply of the high GWP refrigerants, R-404A (GWP 3922) and R-507A (GWP 3985), in the European Union.
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This report categorizes the global refrigerants market based on type, application, and region.
On the basis of Type, the refrigerants market has been segmented as follows:
- HCFCs
- HFCs
- HFOs
- Isobutane
- Propane
- Ammonia
- Carbon Dioxide
- Others
- Air
- Water
- Propene
- Isopentane
On the basis of Application, the refrigerants market has been segmented as follows:
- Refrigeration
- Domestic
- Commercial
- Industrial
- Chillers
- Air-conditioning systems
- Window
- Split ACs
- VRF
- Others
- Packaged Terminal
- Packaged Rooftop
- MAC
On the basis of region, the refrigerants market has been segmented as follows:
- APAC
- North America
- Europe
- Middle East & Arica
- South America
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 REFRIGERANTS MARKET: INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 BASE NUMBER CALCULATION
2.1.1 SUPPLY-SIDE APPROACH
2.1.2 DEMAND-SIDE APPROACH
2.2 FORECAST NUMBER CALCULATION
2.2.1 SUPPLY SIDE
2.2.2 DEMAND SIDE
2.3 RESEARCH DATA
2.3.1 SECONDARY DATA
2.3.2 PRIMARY DATA
2.3.2.1 Primary Interviews - Demand and Supply Side
2.3.2.2 Breakdown of primary interviews
2.3.2.3 Key industry insights
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
2.5 DATA TRIANGULATION
2.6 FACTOR ANALYSIS - IMPACT OF COVID-19 ON REFRIGERANTS MARKET
2.7 ASSUMPTIONS
2.8 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 34)
3.1 REFRIGERANTS MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO
4 PREMIUM INSIGHTS (Page No. - 38)
4.1 ATTRACTIVE OPPORTUNITIES IN REFRIGERANTS MARKET
4.2 REFRIGERANTS MARKET, BY REGION
4.3 ASIA PACIFIC REFRIGERANTS MARKET, BY COUNTRY AND APPLICATION
4.4 REFRIGERANTS MARKET, MAJOR COUNTRIES
4.5 REFRIGERANTS MARKET, BY APPLICATION
5 MARKET OVERVIEW (Page No. - 41)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing demand for consumer appliances
5.2.1.2 Growing cold chain market
5.2.2 RESTRAINTS
5.2.2.1 Stringent regulations against fluorocarbon refrigerants
5.2.2.1.1 Revised section 608 of refrigerant management regulations
5.2.2.2 Flammability and toxicity issues
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for natural refrigerants
5.2.4 CHALLENGES
5.2.4.1 Illegal trade of refrigerants
5.3 PORTER'S FIVE FORCES
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 SUPPLY CHAIN ANALYSIS
5.5 SHIFT IN REVENUE STREAMS DUE TO MEGATRENDS IN END-USE INDUSTRIES
5.6 CONNECTED MARKET: ECOSYSTEM
5.7 CASE STUDY
5.8 AVERAGE SELLING PRICE
5.9 PATENTS
5.1 MACROECONOMIC INDICATORS
6 REFRIGERANTS MARKET, BY TYPE (Page No. - 55)
6.1 INTRODUCTION
6.2 HCFC
6.2.1 FUTURE DEMAND FOR HCFC GOVERNED BY MONTREAL PROTOCOL
6.3 HFC
6.3.1 ASIA PACIFIC ESTIMATED TO BE FASTEST-GROWING MARKET FOR HFC DURING FORECAST PERIOD
6.4 HFO
6.4.1 MARKET FOR HFO TO GROW DUE TO AWARENESS ABOUT SUSTAINABLE REFRIGERANTS
6.5 ISOBUTANE
6.5.1 NORTH AMERICA MARKET FOR ISOBUTANE DRIVEN BY ITS LARGE MANUFACTURING INDUSTRY BASE
6.6 PROPANE
6.6.1 PRESENCE OF APPLIANCE MANUFACTURERS BOOSTS DEMAND FOR PROPANE IN ASIA PACIFIC
6.7 AMMONIA
6.7.1 EXPANSION OF SUPER/HYPERMARKET CHAINS TO DRIVE AMMONIA SEGMENT IN ASIA PACIFIC
6.8 CARBON DIOXIDE
6.8.1 SUPERMARKETS AND FOOD & PROCESSING INDUSTRY FUEL MARKET FOR CARBON DIOXIDE REFRIGERANTS
6.9 OTHERS
7 REFRIGERANTS MARKET, BY APPLICATION (Page No. - 70)
7.1 INTRODUCTION
7.2 REFRIGERATION SYSTEMS
7.2.1 DOMESTIC REFRIGERATION
7.2.1.1 Asia Pacific is largest market for domestic refrigeration owing to its large population
7.2.2 COMMERCIAL REFRIGERATION
7.2.2.1 Growing retail industry in Asia Pacific boosts demand for commercial refrigeration
7.2.3 INDUSTRIAL REFRIGERATION
7.2.3.1 Large industrial base of Asia Pacific drives demand for refrigerants in industrial refrigeration
7.3 CHILLERS
7.3.1 GROWING INVESTMENTS IN CHINA AND INDIA MAKE ASIA PACIFIC LARGEST MARKET FOR CHILLERS
7.4 AIR CONDITIONING SYSTEMS
7.4.1 WINDOW AC
7.4.1.1 North America to be largest refrigerants market for window ACs
7.4.2 SPLIT AC
7.4.2.1 Asia Pacific largest consumer of split ACs owing to rapid urbanization and increasing spending income
7.4.3 VARIABLE REFRIGERANT FLOW (VRF)
7.4.3.1 Asia Pacific to be fastest-growing market in variable refrigerant flow segment owing to large construction industry
7.4.4 OTHERS
7.5 MOBILE AIR CONDITIONING (MAC)
7.5.1 LARGE AUTOMOTIVE MANUFACTURING BASE IN ASIA PACIFIC PRESENTS OPPORTUNITIES FOR MOBILE AIR CONDITIONING
8 REFRIGERANTS MARKET, BY REGION (Page No. - 85)
8.1 INTRODUCTION
8.2 ASIA PACIFIC
8.2.1 ASIA PACIFIC REFRIGERANTS MARKET, BY TYPE
8.2.2 ASIA PACIFIC REFRIGERANTS MARKET, BY APPLICATION
8.2.3 ASIA PACIFIC REFRIGERANTS MARKET, BY COUNTRY
8.2.3.1 China
8.2.3.1.1 High demand for refrigeration and air conditioning systems will drive demand for refrigerants in China
8.2.3.2 Japan
8.2.3.2.1 Growing commitment to usage of natural refrigerants drives market in Japan
8.2.3.3 South Korea
8.2.3.3.1 Increasing investments in public and institutional infrastructure fuels demand for refrigerants in South Korea
8.2.3.4 India
8.2.3.4.1 Growth in commercial and industrial sectors boosts demand for refrigerants in India
8.2.3.5 Indonesia
8.2.3.5.1 Growing construction industry to drive refrigerants market in Indonesia
8.2.3.6 Thailand
8.2.3.6.1 Increasing consumer awareness supports growth of greener refrigerants in Thailand
8.2.3.7 Malaysia
8.2.3.7.1 Market growth in Malaysia a result of rising incomes, growing cold chain market, and changing purchasing habits
8.2.3.8 Australia
8.2.3.8.1 Demand for split ACs and variable refrigerant flow is high in Australia
8.3 EUROPE
8.3.1 EUROPE REFRIGERANTS MARKET, BY TYPE
8.3.2 EUROPE REFRIGERANTS MARKET, BY APPLICATION
8.3.3 EUROPE REFRIGERANTS MARKET, BY COUNTRY
8.3.3.1 Germany
8.3.3.1.1 Large manufacturing base of white goods contributes to high refrigerant demand
8.3.3.2 Italy
8.3.3.2.1 Construction industry presents significant refrigerant demand in Italy
8.3.3.3 France
8.3.3.3.1 Increase in production of automobiles in France leads to high demand for mobile air conditioning
8.3.3.4 Spain
8.3.3.4.1 Presence of automobile manufacturers and rise in residential construction drives market in Spain
8.3.3.5 UK
8.3.3.5.1 Rising investments in construction sector boost refrigerants market in the UK
8.3.3.6 Russia
8.3.3.6.1 Automotive industry to support refrigerants market growth in Russia
8.3.3.7 Turkey
8.3.3.7.1 Increased manufacturing of white goods boosts refrigerants market in Turkey
8.4 NORTH AMERICA
8.4.1 NORTH AMERICA REFRIGERANT MARKET, BY TYPE
8.4.2 NORTH AMERICA REFRIGERANTS MARKET, BY APPLICATION
8.4.3 NORTH AMERICA REFRIGERANT MARKET, BY COUNTRY
8.4.3.1 US
8.4.3.1.1 US market largely driven by guidelines of the Montreal Protocol
8.4.3.2 Canada
8.4.3.2.1 Refrigeration systems to be largest consumer of refrigerants in Canada
8.4.3.3 Mexico
8.4.3.3.1 Mobile air conditioning to be fastest-growing application of refrigerants in Mexico
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA REFRIGERANTS MARKET, BY TYPE
8.5.2 MIDDLE EAST & AFRICA REFRIGERANTS MARKET, BY APPLICATION
8.5.3 MIDDLE EAST & AFRICA REFRIGERANTS MARKET, BY COUNTRY
8.5.3.1 Saudi Arabia
8.5.3.1.1 Investments in infrastructure, manufacturing, and retail sectors boost refrigerants market in Saudi Arabia
8.5.3.2 UAE
8.5.3.2.1 Increasing investments in real estate and manufacturing fuel refrigerant demand in the UAE
8.5.3.3 Iran
8.5.3.3.1 Mobile air conditioning segment to be fastest-growing in Iran
8.5.3.4 South Africa
8.5.3.4.1 Rapid urbanization to drive refrigerants market in South Africa
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA REFRIGERANTS MARKET, BY TYPE
8.6.2 SOUTH AMERICA REFRIGERANTS MARKET, BY APPLICATION
8.6.3 SOUTH AMERICA REFRIGERANTS MARKET, BY COUNTRY
8.6.3.1 Brazil
8.6.3.1.1 Economic growth to drive refrigerants market in various applications in Brazil
8.6.3.2 Argentina
8.6.3.2.1 High consumer spending will support refrigerant demand in Argentina
9 COMPETITIVE LANDSCAPE (Page No. - 136)
9.1 COMPETITIVE LEADERSHIP MAPPING (TIER 1)
9.1.1 TERMINOLOGY/NOMENCLATURE
9.1.1.1 Visionary Leaders
9.1.1.2 Innovators
9.1.2 STRENGTH OF PRODUCT PORTFOLIO
9.1.3 BUSINESS STRATEGY EXCELLENCE
9.2 COMPETITIVE LEADERSHIP MAPPING (START-UP/SMSE)
9.2.1 TERMINOLOGY/NOMENCLATURE
9.2.1.1 Progressive Companies
9.2.1.2 Responsive Companies
9.2.1.3 Starting Blocks
9.2.2 STRENGTH OF PRODUCT PORTFOLIO
9.2.3 BUSINESS STRATEGY EXCELLENCE
9.3 MARKET SHARE ANALYSIS
9.4 COMPETITIVE SITUATION AND TRENDS
9.4.1 AGREEMENTS
9.4.2 NEW PRODUCT LAUNCHES
9.4.3 EXPANSIONS
9.4.4 MERGERS & ACQUISITIONS
9.4.5 PARTNERSHIPS
9.4.6 INNOVATION
9.4.7 DIVESTMENT
9.4.8 COLLABORATION
9.4.9 REBRANDING
10 COMPANY PROFILES (Page No. - 148)
10.1 ARKEMA SA
10.1.1 BUSINESS OVERVIEW
10.1.2 PRODUCTS OFFERED
10.1.3 RECENT DEVELOPMENTS
10.1.4 WINNING IMPERATIVES
10.1.5 SWOT ANALYSIS
10.1.6 CURRENT FOCUS AND STRATEGIES
10.1.7 THREAT FROM COMPETITION
10.1.8 RIGHT TO WIN
10.2 DONGYUE GROUP CO. LTD. (DONGYUE)
10.2.1 BUSINESS OVERVIEW
10.2.2 PRODUCTS OFFERED
10.2.3 WINNING IMPERATIVES
10.2.4 SWOT ANALYSIS
10.2.5 CURRENT FOCUS AND STRATEGIES
10.2.6 THREAT FROM COMPETITORS
10.2.7 RIGHT TO WIN
10.3 HONEYWELL INTERNATIONAL INC. (HONEYWELL)
10.3.1 BUSINESS OVERVIEW
10.3.2 PRODUCTS OFFERED
10.3.3 RECENT DEVELOPMENTS
10.3.4 WINNING IMPERATIVES
10.3.5 SWOT ANALYSIS
10.3.6 CURRENT FOCUS AND STRATEGIES
10.3.7 THREAT FROM COMPETITORS
10.3.8 RIGHT TO WIN
10.4 THE CHEMOURS COMPANY
10.4.1 BUSINESS OVERVIEW
10.4.2 PRODUCTS OFFERED
10.4.3 RECENT DEVELOPMENTS
10.4.4 WINNING IMPERATIVES
10.4.5 SWOT ANALYSIS
10.4.6 CURRENT FOCUS AND STRATEGIES
10.4.7 THREAT FROM COMPETITION
10.4.8 RIGHT TO WIN
10.5 THE LINDE GROUP
10.5.1 BUSINESS OVERVIEW
10.5.2 PRODUCTS OFFERED
10.5.3 RECENT DEVELOPMENTS
10.5.4 WINNING IMPERATIVES
10.5.5 SWOT ANALYSIS
10.5.6 CURRENT FOCUS AND STRATEGIES
10.5.7 THREAT FROM COMPETITORS
10.5.8 THREAT FROM COMPETITORS
10.6 AIR LIQUIDE (AIRGAS REFRIGERANTS INC.)
10.6.1 BUSINESS OVERVIEW
10.6.2 PRODUCTS OFFERED
10.6.3 RECENT DEVELOPMENTS
10.6.4 CURRENT STRATEGIES AND FOCUS
10.6.5 THREAT FROM COMPETITION
10.6.6 RIGHT TO WIN
10.7 SINOCHEM GROUP
10.7.1 BUSINESS OVERVIEW
10.7.2 PRODUCTS OFFERED
10.7.3 RECENT DEVELOPMENTS
10.7.4 RIGHT TO WIN
10.8 DAIKIN INDUSTRIES LTD. (DAIKIN)
10.8.1 BUSINESS OVERVIEW
10.8.2 PRODUCTS OFFERED
10.8.3 RECENT DEVELOPMENTS
10.8.4 CURRENT FOCUS AND STRATEGIES
10.8.5 THREAT FROM COMPETITION
10.8.6 RIGHT TO WIN
10.9 ORBIA
10.9.1 BUSINESS OVERVIEW
10.9.2 PRODUCTS OFFERED
10.9.3 RECENT DEVELOPMENTS
10.9.4 CURRENT FOCUS AND STRATEGIES
10.9.5 THREAT FROM COMPETITION
10.9.6 RIGHT TO WIN
10.1 ASAHI GLASS CORPORATION (AGC)
10.10.1 BUSINESS OVERVIEW
10.10.2 PRODUCTS OFFERED
10.10.3 RECENT DEVELOPMENTS
10.10.4 CURRENT FOCUS AND STRATEGIES
10.10.5 RIGHT TO WIN
10.11 LIST OF OTHER MANUFACTURERS/BOTTLERS/SUPPLIERS
10.11.1 SRF LIMITED
10.11.2 GUJARAT FLUOROCHEMICALS LTD.
10.11.3 NAVIN FLUORINE INTERNATIONAL LTD.
10.11.4 A-GAS INTERNATIONAL
10.11.5 OZ-CHILL REFRIGERANTS
10.11.6 PUYANG ZHONGWEI FINE CHEMICAL
10.11.7 SHANDONG YUEAN CHEMICAL
10.11.8 HARP INTERNATIONAL
10.11.9 QUIMOBASICO
10.11.10 ZHEJIANG JUHUA CO LTD
10.11.11 TAZZETTI SPA
10.11.12 GAS SERVEI S.A.
10.11.13 ZHEJIANG FOTECH INTERNATIONAL CO LTD
10.11.14 REFRIGERANT SOLUTIONS
10.11.15 CHANGSU 3F FLUOROCHEMICAL INDUSTRY CO LTD.
10.11.16 A.S. TRUST AND HOLDINGS (ASTH)
10.11.17 BROTHERS GAS BOTTLING & DISTRIBUTION CO. LLC
10.11.18 DEEPFREEZE REFRIGERANTS INC.
10.11.19 ECO-FREEZE INTERNATIONAL
10.11.20 ENGAS AUSTRALASIA
11 ADJACENT & RELATED MARKETS (Page No. - 178)
11.1 INTRODUCTION
11.2 LIMITATION
11.3 INDUSTRIAL REFRIGERATION SYSTEM MARKET
11.3.1 MARKET DEFINITION
11.3.2 MARKET OVERVIEW
11.4 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REGION
11.4.1 NORTH AMERICA
11.4.1.1 By Country
11.4.1.2 By Component
11.4.2 EUROPE
11.4.2.1 By Country
11.4.2.2 By Component
11.4.3 ASIA PACIFIC
11.4.3.1 By Country
11.4.3.2 By Component
11.4.4 REST OF THE WORLD (ROW)
11.4.4.1 By Region
11.4.4.2 By Component
12 APPENDIX (Page No. - 184)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
LIST OF TABLES (157 Tables)
TABLE 1 COOLING EQUIPMENT SHIPMENT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
TABLE 2 COMMERCIAL REFRIGERATION SHIPMENT MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
TABLE 3 SCHEDULE FOR HCFC ELIMINATION: NON ARTICLE 5 PARTIES
TABLE 4 SCHEDULE FOR HCFC ELIMINATION: ARTICLE 5 PARTIES
TABLE 5 SCHEDULE FOR HFC ELIMINATION
TABLE 6 PROPERTIES OF MOST COMMONLY USED REFRIGERANTS
TABLE 7 FACTORS DEFINING GROWTH OF NATURAL REFRIGERANTS
TABLE 8 REFRIGERANTS WITH LOW GWP AND ZERO ODP
TABLE 9 AVERAGE SELLING PRICE OF REFRIGERANTS, BY TYPE (USD/KG)
TABLE 10 TRENDS AND FORECASTS IN CONSTRUCTION INDUSTRY, BY COUNTRY, 2016-2023 (USD BILLION)
TABLE 11 REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
TABLE 12 REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 13 HCFC: APPLICATIONS AND GWP
TABLE 14 HCFC REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 15 HCFC REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 16 HFC: APPLICATIONS AND GWP
TABLE 17 HFC REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 18 HFC REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 19 HFO: APPLICATIONS AND GWP
TABLE 20 HFO REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 21 HFO REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 22 ISOBUTANE: APPLICATIONS AND GWP
TABLE 23 ISOBUTANE REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 24 ISOBUTANE REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 25 PROPANE: APPLICATIONS AND GWP
TABLE 26 PROPANE REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 27 PROPANE REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 28 AMMONIA: APPLICATIONS AND GWP
TABLE 29 AMMONIA REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 30 AMMONIA REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 32 CARBON DIOXIDE REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (KILOTON) 68
TABLE 33 CARBON DIOXIDE REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 68
TABLE 34 OTHER REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 35 OTHER REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 36 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 37 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 38 REFRIGERANTS MARKET SIZE IN REFRIGERATION SYSTEMS, BY REGION, 2018-2025 (KILOTON) 73
TABLE 39 REFRIGERANTS MARKET SIZE IN REFRIGERATION SYSTEMS, BY REGION, 2018-2025 (USD MILLION) 73
TABLE 40 REFRIGERANTS MARKET SIZE IN DOMESTIC REFRIGERATION SYSTEM, BY REGION, 2018-2025 (KILOTON)
TABLE 41 REFRIGERANTS MARKET SIZE IN DOMESTIC REFRIGERATION SYSTEMS, BY REGION, 2018-2025 (USD MILLION) 74
TABLE 42 REFRIGERANTS MARKET SIZE IN COMMERCIAL REFRIGERATION SYSTEMS, BY REGION, 2018-2025 (KILOTON) 75
TABLE 43 REFRIGERANTS MARKET SIZE IN COMMERCIAL REFRIGERATION SYSTEMS, BY REGION, 2018-2025 (USD MILLION) 75
TABLE 44 REFRIGERANTS MARKET SIZE IN INDUSTRIAL REFRIGERATION SYSTEMS, BY REGION, 2018-2025 (KILOTON) 76
TABLE 45 REFRIGERANTS MARKET SIZE IN INDUSTRIAL REFRIGERATION SYSTEMS, BY REGION, 2018-2025 (USD MILLION) 76
TABLE 46 REFRIGERANTS MARKET SIZE IN CHILLERS, BY REGION, 2018-2025 (KILOTON)
TABLE 47 REFRIGERANTS MARKET SIZE IN CHILLERS, BY REGION, 2018-2025 (USD MILLION) 78
TABLE 48 REFRIGERANTS MARKET SIZE IN AIR CONDITIONING SYSTEMS, BY REGION, 2018-2025 (KILOTON) 79
TABLE 49 REFRIGERANTS MARKET SIZE IN AIR CONDITIONING SYSTEMS, BY REGION, 2018-2025 (USD MILLION) 79
TABLE 50 REFRIGERANTS MARKET SIZE IN WINDOW AC, BY REGION, 2018-2025 (KILOTON)
TABLE 51 REFRIGERANTS MARKET SIZE IN WINDOW AC, BY REGION, 2018-2025 (USD MILLION) 80
TABLE 52 REFRIGERANTS MARKET SIZE IN SPLIT AC, BY REGION, 2018-2025 (KILOTON)
TABLE 53 REFRIGERANTS MARKET SIZE IN SPLIT AC, BY REGION, 2018-2025 (USD MILLION)
TABLE 54 REFRIGERANTS MARKET SIZE IN VARIABLE REFRIGERANT FLOW, BY REGION, 2018-2025 (KILOTON)
TABLE 55 REFRIGERANTS MARKET SIZE IN VARIABLE REFRIGERANT FLOW, 2018-2025 (USD MILLION) 82
TABLE 56 REFRIGERANTS MARKET SIZE IN OTHER AIR CONDITIONING SYSTEMS, BY REGION, 2018-2025 (KILOTON)
TABLE 57 REFRIGERANTS MARKET SIZE IN OTHER AIR CONDITIONING SYSTEMS, BY REGION, 2018-2025 (USD MILLION)
TABLE 58 REFRIGERANTS MARKET SIZE IN MOBILE AIR CONDITIONING, BY REGION, 2018-2025 (KILOTON) 84
TABLE 59 REFRIGERANTS MARKET SIZE IN MOBILE AIR CONDITIONING, BY REGION, 2018-2025 (USD MILLION) 84
TABLE 60 REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (KILOTON)
TABLE 61 REFRIGERANTS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 62 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
TABLE 63 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 64 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 65 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 66 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 67 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 68 CHINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 69 CHINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 70 JAPAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 71 JAPAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 72 SOUTH KOREA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 73 SOUTH KOREA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 74 INDIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 75 INDIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 76 INDONESIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 77 INDONESIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 78 THAILAND: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 79 THAILAND: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 80 MALAYSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 81 MALAYSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 82 AUSTRALIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 83 AUSTRALIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 84 EUROPE: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
TABLE 85 EUROPE: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 86 EUROPE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 87 EUROPE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 88 EUROPE: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 89 EUROPE: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 90 GERMANY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 91 GERMANY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 92 ITALY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 93 ITALY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 94 FRANCE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 95 FRANCE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 96 SPAIN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 97 SPAIN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 98 UK: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 99 UK: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 100 RUSSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 101 RUSSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 102 TURKEY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 103 TURKEY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 104 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
TABLE 105 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 106 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 107 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 108 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 109 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 110 US: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 111 US: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 112 CANADA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 113 CANADA: REFRIGERANTS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 120
TABLE 114 MEXICO: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 115 MEXICO: REFRIGERANTS MARKET SIZE, BY APPLICATION,
2018-2025 (USD MILLION) 121
TABLE 116 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
TABLE 117 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 118 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 119 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 120 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 121 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 122 SAUDI ARABIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 123 SAUDI ARABIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 124 UAE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 125 UAE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 126 IRAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 127 IRAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 128 SOUTH AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON) 129
TABLE 129 SOUTH AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION) 130
TABLE 130 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (KILOTON)
TABLE 131 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 132 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 133 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 134 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (KILOTON)
TABLE 135 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 136 BRAZIL: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 137 BRAZIL: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 138 ARGENTINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTON)
TABLE 139 ARGENTINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 140 AGREEMENT (2016-2020)
TABLE 141 NEW PRODUCT LAUNCHES (2016-2020)
TABLE 142 EXPANSIONS (2016-2020)
TABLE 143 MERGERS & ACQUISITIONS (2016-2020)
TABLE 144 PARTNERSHIPS (2016-2020)
TABLE 145 INNOVATION (2016-2020)
TABLE 146 DIVESTMENT (2016-2020)
TABLE 147 COLLABORATION (2016-2020)
TABLE 148 REBRANDING (2016-2020)
TABLE 149 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REGION, 2016-2025 (USD BILLION) 179
TABLE 150 NORTH AMERICA: INDUSTRIAL REFRIGERATION SYSTEM MARKET SIZE, BY COUNTRY, 2016-2025 (USD MILLION) 179
TABLE 151 NORTH AMERICA: INDUSTRIAL REFRIGERATION SYSTEM MARKET SIZE, BY COMPONENT, 2016-2025 (USD MILLION) 180
TABLE 152 EUROPE: INDUSTRIAL REFRIGERATION SYSTEM MARKET SIZE, BY COUNTRY, 2016-2025 (USD MILLION)
TABLE 153 EUROPE: INDUSTRIAL REFRIGERATION SYSTEM MARKET SIZE, BY COMPONENT, 2016-2025 (USD MILLION)
TABLE 154 ASIA PACIFIC: INDUSTRIAL REFRIGERATION SYSTEM MARKET SIZE, BY COUNTRY, 2016-2025 (USD MILLION)
TABLE 155 ASIA PACIFIC: INDUSTRIAL REFRIGERATION SYSTEM MARKET SIZE, BY COMPONENT, 2016-2025 (USD MILLION) 182
TABLE 156 ROW: INDUSTRIAL REFRIGERATION SYSTEM MARKET SIZE, BY REGION, 2016-2025 (USD MILLION) 182
TABLE 157 ROW: INDUSTRIAL REFRIGERATION SYSTEM MARKET SIZE, BY COMPONENT, 2016-2025 (USD MILLION)
LIST OF FIGURES (63 Figures)
FIGURE 1 REFRIGERANTS MARKET SEGMENTATION
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY SIDE
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND SIDE
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 6 REFRIGERANTS MARKET: DATA TRIANGULATION
FIGURE 7 MARKET SIZE IN TERMS OF REALISTIC, PESSIMISTIC, OPTIMISTIC,
AND NON-COVID-19 SCENARIO (USD MILLION) 35
FIGURE 8 AMMONIA WAS LARGEST TYPE SEGMENT IN 2019 (USD MILLION)
FIGURE 9 SPLIT AC TO BE LARGEST APPLICATION SEGMENT DURING FORECAST PERIOD (USD MILLION)
FIGURE 10 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF REFRIGERANTS MARKET IN 2019 (USD MILLION)
FIGURE 11 CHINA WAS LARGEST COUNTRY-LEVEL MARKET FOR REFRIGERANTS IN
2019 (USD MILLION) 37
FIGURE 12 INCREASING APPLICATION AREAS OFFER OPPORTUNITIES FOR REFRIGERANTS MARKET TO GROW
FIGURE 13 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD (KILOTON)
FIGURE 14 AMMONIA ACCOUNTED FOR LARGEST SHARE IN ASIA PACIFIC REFRIGERANTS MARKET IN 2019 (KILOTON)
FIGURE 15 INDIA TO BE FASTEST-GROWING COUNTRY MARKET OF REFRIGERANTS (KILOTON)
FIGURE 16 AIR CONDITIONING WAS LARGEST APPLICATION SEGMENT IN ASIA PACIFIC IN 2019 (KILOTON)
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE REFRIGERANTS MARKET
FIGURE 18 REFRIGERANTS MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 19 REFRIGERANTS MARKET: SUPPLY CHAIN ANALYSIS
FIGURE 20 REFRIGERANTS MARKET: CHANGING REVENUE MIX
FIGURE 21 REFRIGERANTS MARKET: ECOSYSTEM
FIGURE 22 REGULATORY FRAMEWORK IN NORTH AMERICA AND EUROPE
FIGURE 23 MARKET ASSESSMENT OF NATURAL REFRIGERANTS IN EUROPE
FIGURE 24 AMMONIA EXPECTED TO DOMINATE REFRIGERANTS MARKET DURING FORECAST PERIOD (USD MILLION)
FIGURE 25 HCFC REFRIGERANTS MARKET BEING PHASED OUT DUE TO STRINGENT REGULATIONS (USD MILLION)
FIGURE 26 EUROPE AND NORTH AMERICA TO REGISTER NEGATIVE CAGR DUE TO PHASING OUT OF HFC (USD MILLION)
FIGURE 27 EUROPE TO REGISTER HIGHEST CAGR FOR HFO REFRIGERANTS DURING FORECAST PERIOD (USD MILLION)
FIGURE 28 ASIA PACIFIC TO BE LARGEST MARKET FOR ISOBUTANE REFRIGERANTS DURING FORECAST PERIOD (USD MILLION)
FIGURE 29 REGULATIONS ON FLUOROCARBON REFRIGERANTS TO DRIVE MARKET FOR PROPANE DURING FORECAST PERIOD (USD MILLION)
FIGURE 30 ASIA PACIFIC TO BE LARGEST MARKET FOR AMMONIA REFRIGERANTS DURING FORECAST PERIOD (USD MILLION)
FIGURE 31 NORTH AMERICA TO BE FASTEST-GROWING MARKET FOR CARBON DIOXIDE REFRIGERANTS DURING FORECAST PERIOD
FIGURE 32 ASIA PACIFIC TO BE LARGEST MARKET FOR OTHER REFRIGERANTS DURING FORECAST PERIOD
FIGURE 33 AIR CONDITIONING SYSTEMS TO DOMINATE REFRIGERANTS MARKET DURING FORECAST PERIOD (USD MILLION)
FIGURE 34 ASIA PACIFIC TO BE LARGEST MARKET FOR REFRIGERATION SYSTEMS DURING FORECAST PERIOD (USD MILLION)
FIGURE 35 MIDDLE EAST & AFRICA TO BE FASTEST-GROWING REFRIGERANTS MARKET FOR CHILLERS (USD MILLION)
FIGURE 36 ASIA PACIFIC TO HOLD LARGEST SHARE OF REFRIGERANTS MARKET FOR AIR CONDITIONING SYSTEMS
FIGURE 37 HIGH NUMBER OF ON-ROAD VEHICLES BOOSTS MOBILE AIR CONDITIONING SEGMENT IN ASIA PACIFIC
FIGURE 38 ASIA PACIFIC REFRIGERANTS MARKET TO GROW FASTEST DURING FORECAST PERIOD
FIGURE 39 ASIA PACIFIC REFRIGERANTS MARKET: SNAPSHOT
FIGURE 40 EUROPE REFRIGERANTS MARKET: SNAPSHOT
FIGURE 41 REFRIGERANTS MARKET (TIER 1) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 42 REFRIGERANTS MARKET (START-UP/SMSE) COMPETITIVE LEADERSHIP
MAPPING, 2019 139
FIGURE 43 SHARE OF TOP PLAYERS IN REFRIGERANTS MARKET, 2019
FIGURE 44 ARKEMA SA: COMPANY SNAPSHOT
FIGURE 45 ARKEMA SA: WINNING IMPERATIVES
FIGURE 46 ARKEMA SA: SWOT ANALYSIS
FIGURE 47 DONGYUE GROUP CO. LTD: COMPANY SNAPSHOT
FIGURE 48 DONGYUE GROUP CO. LTD: WINNING IMPERATIVES
FIGURE 49 DONGYUE GROUP CO. LTD: SWOT ANALYSIS
FIGURE 50 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 51 HONEYWELL INTERNATIONAL INC.: WINNING IMPERATIVES
FIGURE 52 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS
FIGURE 53 THE CHEMOURS COMPANY: COMPANY SNAPSHOT
FIGURE 54 THE CHEMOURS COMPANY.: WINNING IMPERATIVES
FIGURE 55 THE CHEMOURS COMPANY: SWOT ANALYSIS
FIGURE 56 THE LINDE GROUP: COMPANY SNAPSHOT
FIGURE 57 THE LINDE GROUP: WINNING IMPERATIVES
FIGURE 58 THE LINDE GROUP: SWOT ANALYSIS
FIGURE 59 AIR LIQUIDE: COMPANY SNAPSHOT
FIGURE 60 SINOCHEM GROUP: COMPANY SNAPSHOT
FIGURE 61 DAIKIN INDUSTRIES LTD.: COMPANY SNAPSHOT
FIGURE 62 ORBIA: COMPANY SNAPSHOT
FIGURE 63 ASAHI GLASS CORPORATION: COMPANY SNAPSHOT
The study involved four major activities to estimate the market size for refrigerants. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The refrigerants market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of domestic, commercial, and industrial refrigeration, chillers, window, split ACs, VRF and other air-conditioning systems, and MAC applications. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
To know about the assumptions considered for the study, download the pdf brochure
Notes: Tiers of companies are based on their annual revenues as Tier 1: > USD 5 billion; Tier 2: USD 1 billion–USD 5 billion; and Tier 3: < USD 1 billion.
Other designations include sales managers, marketing managers, and product managers.
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the refrigerants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
The key players in the industry have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of volume and value, were determined through primary and secondary research processes.
- All percentage shares splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in domestic, commercial, and industrial refrigeration; chillers, window, split ACs, VRF, and other air-conditioning systems; and MAC applications.
Report Objectives
- To analyze and forecast the size of the refrigerants market, in terms of volume and value
- To provide detailed information regarding key factors, such as drivers, restraints, and opportunities influencing the growth of the market
- To define, describe, and segment the refrigerants market on the basis of type and application
- To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa
- To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
- To identify and analyze opportunities for stakeholders in the market
- To analyze competitive developments such as expansion, new product launch, merger & acquisition, and agreement in the refrigerants market
- To strategically profile key players and comprehensively analyze their core competencies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional end-use industry
Company Information
Detailed analysis and profiles of additional market players (up to five)
Get in-depth analysis of the COVID-19 impact on the Refrigerants Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Refrigerants Market
Request For Special Pricing
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Refrigerants Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
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Market overview of alternative fluids to prepare a thesis in the University.
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