Refrigerants Market

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Refrigerants Market by Type (HFC & Blends, HFO, Isobutane, Propane), Application (Refrigeration System, Air Conditioning System, Chillers, MAC) and Region (APAC, North America, Europe, MEA, South America) - Global Forecast to 2027

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Report Code: CH 1536 Jun, 2022, by marketsandmarkets.com

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Updated on : May 18, 2023

Refrigerants Market

The global refrigerants market is estimated to be USD 6.2 billion in 2022 and is expected to reach USD 8.4 billion by 2027, at a cagr 6.2% from 2022 to 2027. The major drivers for this market are the increasing demand for consumer appliances such as refrigeration and air conditioning equipment and the growing pharmaceutical industry. Moreover, rising requirement for natural refrigerants is also expected to drive the growth of the market in the near future.

Attractive Opportunities in the Refrigerants Market

Refrigerants Market

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Market Dynamics

Driver: Growing pharmaceutical industry

The pharmaceutical industry requires low temperatures conditions for the transport and storage of drugs. Factors such as the shift to biologics and as well as growing specialty pharmaceuticals and insulin products & vaccines are fueling the demand for refrigerants in this industry in developing Asian economies. The pharmaceutical industry is witnessing significant growth in major emerging economies of Asia Pacific, such as China and India. Therefore, the growth in the pharmaceutical industry is expected to drive the market for refrigerants.

Restraints: Flammability and toxicity issues

Refrigerants such as ammonia, carbon dioxide, and HCs are flammable, corrosive, and toxic at higher concentrations. Ammonia can react with copper and corrode it. Hence, ammonia-based refrigeration systems are made of materials such as steel, though it increases the overall initial cost of systems. The safety precautions associated with ammonia and carbon dioxide are comparatively greater than those associated with fluorinated refrigerant gases. Carbon dioxide tends to solidify into dry ice upon contact with air. Hence, carbon dioxide cylinders and refrigeration systems require special valves to prevent this conversion.

Opportunities: Increasing demand for natural refrigerants

The most used natural refrigerants are ammonia, carbon dioxide, and HCs such as propane and isobutene. Natural refrigerants such as ammonia, carbon dioxide, HCs, water, and air have a low GWP and zero ODP. Companies such as The Coca-Cola Company and Red Bull GmbH have already switched to natural refrigerants, while many others are in the process of switching to such refrigerants. Natural refrigerants such as ammonia, HCs, and carbon dioxide offer higher thermodynamic properties with a higher coefficient of performance (COP). These refrigerants are energy-efficient and use less energy to meet cooling requirements.

Challenges: Illegal trade of refrigerants

Major enforcement efforts in 2020 have made an impact on the illegal trading of these refrigerants across the countries. However, EIA is concerned that the lack of seizures in the first half of 2021 reflects a lull in enforcement efforts by member states and OLAF, which risks undermining progress made in 2020. Given the reduction in available quota starting in 2021, there is an urgent need to strengthen the current monitoring and enforcement system and upscale enforcement capacity in the member states to end the illegal trade in HFCs. Thus, considering these points, the illegal trade of refrigerants poses a challenge to the companies and manufacturers of refrigerants.

Refrigerants Market Ecosystem

“HFO is projected to be the fastest-growing type of refrigerant, during the forecast period”

The fourth generation of fluorine-based gases is hydrofluoro-olefins (HFOs). HFC refrigerants are made up of hydrogen, fluorine, and carbon atoms joined together by single bonds. HFO refrigerants compose at least one double bond between the carbon atoms and are made up of hydrogen, fluorine, and carbon atoms. HFO 1234yf, offered under the trade names Opteon YF and SOLSTICE YF, was the first HFO produced collaboratively by DuPont and Honeywell. This is a low-GWP R134a substitute for mobile air conditioning (MAC) systems. HFO refrigerants have 0% ODP and a low GWP, making them a greener option than CFCs, HCFCs, and HFCs.

“Refrigeration system was the largest application for refrigerants market in 2021, in terms of value”

The refrigeration system segment led the global refrigerants market, in terms of volume, in 2021. Refrigerators are heat engines operating on a reverse mechanism. These appliances use refrigerants to absorb and transmit heat from a low-temperature and pressure environment to a high-temperature and pressure environment. This application is further divided into three major categories—domestic refrigeration, industrial refrigeration, and commercial refrigeration. Within the refrigeration system segment, the industrial refrigeration system accounted for the largest market share due to the high-volume usage of refrigerants in the segment.

“Asia Pacific was the largest market for refrigerants in 2021, in terms of volume.”

Asia Pacific was the largest consumer of refrigerants in 2021, in terms of volume. The region is projected to register the highest CAGR during the forecast period. Asia Pacific dominates the refrigerants market due to the rapid economic growth, particularly in the consumer goods and automobile industries in the region. The rapid urbanization in Asia Pacific, coupled with the improved living standards, is driving the market. The emerging economies, including China, Japan, and India, are the major refrigerants markets in the region.

Refrigerants Market by Region

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Not-in-kind cooling technology

The 'Not-in-kind' technologies break away from traditional refrigeration and air conditioning systems that rely on a vapor compression cycle using a gaseous refrigerant. Since Not-In-Kind systems do not require a gaseous refrigerant, they are usually HFC-free and, therefore, climate-friendly technologies

Key Market Players

The key players in this market are Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Ireland), Air Liquide (France), Daikin Industries Ltd. (Japan), Sinochem Group (China), Arkema S.A. (France), and Orbia (Mexico). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of refrigerants have opted for new product launches to sustain their market position. They are introducing several products and investing substantially to increase their production capacity of refrigerants.

Refrigerants Market Report Scope

Report Metric	Details
Market Size Value in 2022	USD 6.2 billion
Revenue Forecast in 2027	USD 8.4 billion
Growth Rate	CAGR of 6.2% from 2022 to 2027
Years considered for the study	2017-2027
Base Year	2021
Forecast period	2022–2027
Units considered	Volume (Kiloton); Value (USD Million/Billion)
Segments	Type, Application and Region
Regions	Asia Pacific, North America, Europe, Middle East & Africa, and South America
Companies	The key players in this market are Arkema S.A. (France), Daikin Industries Ltd. (Japan), Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Ireland), and Air Liquide (France).

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:

HFC & Blends
HFO
Isobutane
Propane
Ammonia
Carbon Dioxide
Others

On the basis of application, the refrigerants market has been segmented as follows:

Refrigeration system
- Domestic refrigeration
- Commercial refrigeration
- Industrial refrigeration
Air conditioning system
- Window AC
- Split AC
- VRF
- Ducted, Packaged and Rooftop ACs
Chillers
MAC

On the basis of region, the refrigerants market has been segmented as follows:

Asia Pacific
Europe
North America
Middle East & Arica
South America

Recent Developments

In January 2022, Honeywell launched a new non-flammable energy-efficient Solstice N71 (R-471A) refrigerant to meet the stringent regulations regarding reducing greenhouse gas emissions.
On May 8, 2021, Sinochem Holdings Corporation Ltd. was established and formed through the joint restructuring of the Sinochem Group and China International Corporation. The company is a leading state-owned enterprise with more than 220,000 employees.
In July 2020, The Linde Group set up a new air separation unit (ASU) and the first of three nitrogen generators as part of a 15-year contract to supply ultra-high purity industrial gases to a major electronics customer in Taiwan.

Frequently Asked Questions (FAQ):

What is the expected growth rate of refrigerants market?

The forecast period for refrigerants market in this study is 2022-2027. The refrigerants market is expected to grow at CAGR of 6.2%, in terms of value, during the forecast period.

Who are the major key players in refrigerants market?

The key players in this market are Arkema S.A.(France), Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Dublin), Air Liquide (France), and Daikin Industries Ltd. (Japan)among others.

Who are the major regulations monitoring the refrigerants market?

F Gas Regulation- In European Union, F-gas regulations were published in 2014, restricting the use of HFC refrigerants according to their global warming potential (GWP).

Chemical Act Amendment - A new amendment to the German Chemical Act came into force on 1st August 2008 and will increase transparency throughout the HFC supply chain.

What is the average selling price trend for refrigerants market?

Prices are low in Asian countries (primarily China and India) compared to those in Europe and North America due to the low prices of raw materials and the availability of low-cost workforces in Asia Pacific.

What are the technological advancements in refrigerants market?

Magnetic refrigeration is a cooling technology based on the magnetocaloric effect. Magnetic refrigeration can be used to achieve extremely low temperatures and ranges used in the common refrigerators. .

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 39)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 REFRIGERANTS MARKET: INCLUSIONS & EXCLUSIONS
           1.2.2 REFRIGERANTS: MARKET DEFINITION AND INCLUSIONS, BY TYPE
           1.2.3 REFRIGERANTS: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
    1.3 MARKET SCOPE
          FIGURE 1 REFRIGERANTS MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 UNITS CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA
          FIGURE 2 REFRIGERANTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews: Demand-side and Supply-side
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION - APPROACH 1 (SUPPLY-SIDE): COMBINED MARKET SHARE OF MAJOR PLAYERS
                    FIGURE 4 MARKET SIZE ESTIMATION - BOTTOM-UP (SUPPLY-SIDE): REVENUE FROM SALE OF REFRIGERANTS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND-SIDE): PRODUCTS SOLD AND THEIR AVERAGE SELLING PRICE
    2.3 DATA TRIANGULATION
           FIGURE 6 REFRIGERANTS MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
           2.4.1 SUPPLY-SIDE
                    FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY-SIDE
           2.4.2 DEMAND-SIDE
                    FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE: DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 RISK ASSESSMENT
          TABLE 1 REFRIGERANTS MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 57)
    FIGURE 9 HFC & BLENDS WAS LARGEST TYPE OF REFRIGERANT IN TERMS OF VALUE IN 2021
    FIGURE 10 REFRIGERATION SYSTEM TO BE LARGEST APPLICATION OF REFRIGERANTS DURING FORECAST PERIOD
    FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF REFRIGERANTS MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 60)
    4.1 ATTRACTIVE OPPORTUNITIES IN REFRIGERANTS MARKET
          FIGURE 12 INCREASING APPLICATION AREAS OFFER GROWTH OPPORTUNITIES FOR REFRIGERANTS MARKET
    4.2 REFRIGERANTS MARKET, BY REGION
          FIGURE 13 ASIA PACIFIC TO BE FASTEST-GROWING REFRIGERANTS MARKET DURING FORECAST PERIOD
    4.3 ASIA PACIFIC REFRIGERANTS MARKET, BY COUNTRY AND APPLICATION
          FIGURE 14 HFC & BLENDS AND CHINA ACCOUNTED FOR DOMINANT MARKET SHARE OF ASIA PACIFIC REFRIGERANTS MARKET IN 2021
    4.4 REFRIGERANTS MARKET, APPLICATION VS. REGION
          FIGURE 15 REFRIGERATION SYSTEM WAS LARGEST APPLICATION SEGMENT IN MOST REGIONS
    4.5 REFRIGERANTS MARKET, MAJOR COUNTRIES
          FIGURE 16 INDIA TO BE FASTEST-GROWING MARKET FOR REFRIGERANTS DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 63)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN REFRIGERANTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for consumer appliances
                                FIGURE 18 GLOBAL REFRIGERATOR SALES, MILLION UNITS (2012–2021)
                    5.2.1.2 Growing pharmaceuticals industry
                                FIGURE 19 GLOBAL PHARMACEUTICALS PRODUCTION, BILLION-TON (2000–2020)
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent regulations against fluorocarbon refrigerants
                                TABLE 2 SCHEDULE FOR HCFC ELIMINATION: NON-ARTICLE 5 PARTIES
                                TABLE 3 SCHEDULE FOR HCFC ELIMINATION: ARTICLE 5 PARTIES
                                TABLE 4 SCHEDULE FOR HFC ELIMINATION
                    5.2.2.2 Flammability and toxicity issues
                                TABLE 5 PROPERTIES OF MOST COMMONLY USED REFRIGERANTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for natural refrigerants
                                TABLE 6 FACTORS DEFINING GROWTH OF NATURAL REFRIGERANTS
                                TABLE 7 REFRIGERANTS WITH LOW GWP AND ZERO ODP
           5.2.4 CHALLENGES
                    5.2.4.1 Illegal trade of refrigerants
    5.3 PORTER'S FIVE FORCES
          FIGURE 20 REFRIGERANTS MARKET: PORTER'S FIVE FORCES ANALYSIS
           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
                    TABLE 8 REFRIGERANTS MARKET: PORTER'S FIVE FORCES ANALYSIS
    5.4 KEY STAKEHOLDERS & BUYING CRITERIA
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 21 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 9 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 22 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 10 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
    5.5 MACROECONOMIC INDICATORS
           5.5.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
                    TABLE 11 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2019–2027 (USD BILLION)
    5.6 IMPACT OF COVID-19
           5.6.1 INTRODUCTION
           5.6.2 COVID-19 HEALTH ASSESSMENT
                    FIGURE 23 COUNTRY-WISE SPREAD OF COVID-19
           5.6.3 COVID-19 ECONOMIC ASSESSMENT
                    FIGURE 24 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2022
    5.7 IMPACT OF COVID-19: CUSTOMER ANALYSIS

6 INDUSTRY TRENDS (Page No. - 78)
    6.1 SUPPLY CHAIN ANALYSIS
          FIGURE 25 REFRIGERANTS MARKET: SUPPLY CHAIN
    6.2 REFRIGERANTS MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          FIGURE 26 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS
          TABLE 12 REFRIGERANTS MARKET FORECAST SCENARIO, 2019–2027 (USD MILLION)
           6.2.1 NON-COVID-19 SCENARIO
           6.2.2 OPTIMISTIC SCENARIO
           6.2.3 PESSIMISTIC SCENARIO
           6.2.4 REALISTIC SCENARIO
    6.3 PRICING ANALYSIS
           6.3.1 AVERAGE SELLING PRICES OF KEY PLAYERS, BY APPLICATION
                    FIGURE 27 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP 3 APPLICATIONS
                    TABLE 13 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP 3 APPLICATIONS (USD)/KG
           6.3.2 AVERAGE SELLING PRICE, BY REGION
                    FIGURE 28 AVERAGE SELLING PRICE OF REFRIGERANTS, BY REGION (USD/KG)
                    TABLE 14 AVERAGE SELLING PRICE OF REFRIGERANTS, BY REGION (USD/KG)
    6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
           6.4.1 REVENUE SHIFTS & REVENUE POCKETS FOR REFRIGERANTS MARKET
                     FIGURE 29 REVENUE SHIFT FOR REFRIGERANTS MARKET
    6.5 CONNECTED MARKETS: ECOSYSTEM
          TABLE 15 REFRIGERANTS MARKET: ECOSYSTEM
          FIGURE 30 REFRIGERANTS MARKET: ECOSYSTEM
    6.6 TECHNOLOGY ANALYSIS
           6.6.1 NOT-IN-KIND COOLING TECHNOLOGY
                     TABLE 16 OBJECTIVES OF NOT-IN-KIND COOLING TECHNOLOGY
           6.6.2 MAGNETIC REFRIGERATION
    6.7 CASE STUDY ANALYSIS
           6.7.1 CASE STUDY ON HONEYWELL INTERNATIONAL INC.
    6.8 TRADE DATA STATISTICS
           6.8.1 IMPORT SCENARIO OF REFRIGERANTS
                     FIGURE 31 IMPORT OF REFRIGERANTS, BY KEY COUNTRIES (2015–2020)
                     TABLE 17 IMPORT OF REFRIGERANTS, BY REGION, 2015–2020 (USD MILLION)
           6.8.2 EXPORT SCENARIO OF REFRIGERANTS
                     FIGURE 32 EXPORT OF REFRIGERANTS, BY KEY COUNTRIES (2015–2020)
                     TABLE 18 EXPORT OF REFRIGERANTS, BY REGION, 2015–2020 (USD MILLION)
    6.9 REGULATORY LANDSCAPE
          TABLE 19 REGULATIONS FOR REFRIGERANTS
    6.10 KEY CONFERENCES & EVENTS IN 2022–2023
          TABLE 20 REFRIGERANTS MARKETS: DETAILED LIST OF CONFERENCES & EVENTS
    6.11 PATENT ANALYSIS
           6.11.1 APPROACH
           6.11.2 DOCUMENT TYPE
                     FIGURE 33 PATENT PUBLICATION TRENDS FOR REFRIGERANTS MARKET, 2011–2021
                     FIGURE 34 LEGAL STATUS OF PATENTS
           6.11.3 JURISDICTION ANALYSIS
                     FIGURE 35 MAXIMUM PATENTS WERE FILED BY COMPANIES IN US
           6.11.4 TOP APPLICANTS
                     FIGURE 36 DAIKIN INDUSTRIES LTD. COMPANY REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2010 AND 2020
                     TABLE 21 TOP 10 PATENT OWNERS IN US, 2011–2021

7 REFRIGERANTS MARKET, BY TYPE (Page No. - 98)
    7.1 INTRODUCTION
          FIGURE 37 HFC & BLENDS EXPECTED TO LEAD REFRIGERANTS MARKET DURING FORECAST PERIOD
          TABLE 22 REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
          TABLE 23 REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (KILOTON)
          TABLE 24 REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 25 REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
    7.2 HFC & BLENDS
           7.2.1 WIDE PREFERENCE FOR HFC & BLENDS OVER CFCS AND HCFCS TO DRIVE MARKET
                    TABLE 26 HFC & BLENDS: APPLICATIONS AND GWP
                    TABLE 27 HFC & BLENDS: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 28 HFC & BLENDS: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 29 HFC & BLENDS: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 30 HFC & BLENDS: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    7.3 HFO
           7.3.1 MARKET FOR HFO TO GROW DUE TO AWARENESS OF SUSTAINABLE REFRIGERANTS
                    TABLE 31 HFO: APPLICATIONS AND GWP
                    TABLE 32 HFO: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 33 HFO: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 34 HFO: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 35 HFO: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    7.4 ISOBUTANE
           7.4.1 LOW GWP OF REFRIGERANT TO INFLUENCE MARKET GROWTH
                    TABLE 36 ISOBUTANE: APPLICATIONS AND GWP
                    TABLE 37 ISOBUTANE: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 38 ISOBUTANE: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 39 ISOBUTANE: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 40 ISOBUTANE REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    7.5 PROPANE
           7.5.1 PRESENCE OF APPLIANCE MANUFACTURERS TO BOOST DEMAND FOR PROPANE IN ASIA PACIFIC
                    TABLE 41 PROPANE: APPLICATIONS AND GWP
                    TABLE 42 PROPANE: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 43 PROPANE: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 44 PROPANE: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 45 PROPANE: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    7.6 AMMONIA
           7.6.1 GROWING ENVIRONMENTAL CONCERNS DRIVE DEMAND FOR AMMONIA AS REFRIGERANT
                    TABLE 46 AMMONIA: APPLICATIONS AND GWP
                    TABLE 47 AMMONIA: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 48 AMMONIA: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 49 AMMONIA: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 50 AMMONIA: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    7.7 CARBON DIOXIDE
           7.7.1 SUPERMARKETS AND FOOD & PROCESSING INDUSTRY TO FUEL MARKET FOR CARBON DIOXIDE REFRIGERANTS
                    TABLE 52 CARBON DIOXIDE: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 53 CARBON DIOXIDE: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
                    TABLE 54 CARBON DIOXIDE: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 55 CARBON DIOXIDE: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    7.8 OTHERS
          TABLE 56 OTHERS: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 57 OTHERS: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
          TABLE 58 OTHERS: REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 59 OTHERS: REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)

8 REFRIGERANTS MARKET, BY APPLICATION (Page No. - 115)
    8.1 INTRODUCTION
          FIGURE 38 REFRIGERATION SYSTEM TO LEAD REFRIGERANTS MARKET DURING FORECAST PERIOD
          TABLE 60 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
          TABLE 61 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
          TABLE 62 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
          TABLE 63 REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
    8.2 REFRIGERATION SYSTEM
          TABLE 64 REFRIGERANTS MARKET SIZE IN REFRIGERATION SYSTEM, BY REGION, 2017–2020 (KILOTON)
          TABLE 65 REFRIGERANTS MARKET SIZE IN REFRIGERATION SYSTEM, BY REGION, 2021–2027 (KILOTON)
          TABLE 66 REFRIGERANTS MARKET SIZE IN REFRIGERATION SYSTEM, BY REGION, 2017–2020 (USD MILLION)
          TABLE 67 REFRIGERANTS MARKET SIZE IN REFRIGERATION SYSTEMS, BY REGION, 2021–2027 (USD MILLION)
           8.2.1 DOMESTIC REFRIGERATION
                    8.2.1.1 Asia Pacific largest market for domestic refrigeration owing to its large population
                                TABLE 68 REFRIGERANTS MARKET SIZE IN DOMESTIC REFRIGERATION, BY REGION, 2017–2020 (KILOTON)
                                TABLE 69 REFRIGERANTS MARKET SIZE IN DOMESTIC REFRIGERATION, BY REGION, 2021–2027 (KILOTON)
                                TABLE 70 REFRIGERANTS MARKET SIZE IN DOMESTIC REFRIGERATION, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 71 REFRIGERANTS MARKET SIZE IN DOMESTIC REFRIGERATION, BY REGION, 2021–2027 (USD MILLION)
           8.2.2 COMMERCIAL REFRIGERATION
                    8.2.2.1 Growing retail industry in Asia Pacific boosts demand for commercial refrigeration
                                TABLE 72 REFRIGERANTS MARKET SIZE IN COMMERCIAL REFRIGERATION, BY REGION, 2017–2020 (KILOTON)
                                TABLE 73 REFRIGERANTS MARKET SIZE IN COMMERCIAL REFRIGERATION, BY REGION, 2021–2027 (KILOTON)
                                TABLE 74 REFRIGERANTS MARKET SIZE IN COMMERCIAL REFRIGERATION, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 75 REFRIGERANTS MARKET SIZE IN COMMERCIAL REFRIGERATION, BY REGION, 2021–2027 (USD MILLION)
           8.2.3 INDUSTRIAL REFRIGERATION
                    8.2.3.1 Large industrial base of Asia Pacific drives demand for refrigerants in industrial refrigeration
                                TABLE 76 REFRIGERANTS MARKET SIZE IN INDUSTRIAL REFRIGERATION, BY REGION, 2017–2020 (KILOTON)
                                TABLE 77 REFRIGERANTS MARKET SIZE IN INDUSTRIAL REFRIGERATION, BY REGION, 2021–2027 (KILOTON)
                                TABLE 78 REFRIGERANTS MARKET SIZE IN INDUSTRIAL REFRIGERATION, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 79 REFRIGERANTS MARKET SIZE IN INDUSTRIAL REFRIGERATION, BY REGION, 2021–2027 (USD MILLION)
    8.3 CHILLERS
           8.3.1 GROWING INDUSTRIALIZATION TO DRIVE REFRIGERANTS MARKET IN THIS APPLICATION
                    TABLE 80 REFRIGERANTS MARKET SIZE IN CHILLERS, BY REGION, 2017–2020 (KILOTON)
                    TABLE 81 REFRIGERANTS MARKET SIZE IN CHILLERS, BY REGION, 2021–2027 (KILOTON)
                    TABLE 82 REFRIGERANTS MARKET SIZE IN CHILLERS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 83 REFRIGERANTS MARKET SIZE IN CHILLERS, BY REGION, 2021–2027 (USD MILLION)
    8.4 AIR CONDITIONING SYSTEM
          TABLE 84 REFRIGERANTS MARKET SIZE IN AIR CONDITIONING SYSTEM, BY REGION, 2017–2020 (KILOTON)
          TABLE 85 REFRIGERANTS MARKET SIZE IN AIR CONDITIONING SYSTEM, BY REGION, 2021–2027 (KILOTON)
          TABLE 86 REFRIGERANTS MARKET SIZE IN AIR CONDITIONING SYSTEM, BY REGION, 2017–2020 (USD MILLION)
          TABLE 87 REFRIGERANTS MARKET SIZE IN AIR CONDITIONING SYSTEM, BY REGION, 2021–2027 (USD MILLION)
           8.4.1 WINDOW AC
                    8.4.1.1 Window AC segment to witness slow growth as technology is outdated
                                TABLE 88 REFRIGERANTS MARKET SIZE IN WINDOW AC, BY REGION, 2017–2020 (KILOTON)
                                TABLE 89 REFRIGERANTS MARKET SIZE IN WINDOW AC, BY REGION, 2021–2027 (KILOTON)
                                TABLE 90 REFRIGERANTS MARKET SIZE IN WINDOW AC, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 91 REFRIGERANTS MARKET SIZE IN WINDOW AC, BY REGION, 2021–2027 (USD MILLION)
           8.4.2 SPLIT AC
                    8.4.2.1 Growing consumption of split ACs to drive refrigerants market
                                TABLE 92 REFRIGERANTS MARKET SIZE IN SPLIT AC, BY REGION, 2017–2020 (KILOTON)
                                TABLE 93 REFRIGERANTS MARKET SIZE IN SPLIT AC, BY REGION, 2021–2027 (KILOTON)
                                TABLE 94 REFRIGERANTS MARKET SIZE IN SPLIT AC, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 95 REFRIGERANTS MARKET SIZE IN SPLIT AC, BY REGION, 2021–2027 (USD MILLION)
           8.4.3 VARIABLE REFRIGERANT FLOW (VRF)
                    8.4.3.1 Construction activities to propel market
                                TABLE 96 REFRIGERANTS MARKET SIZE IN VARIABLE REFRIGERANT FLOW, BY REGION, 2017–2020 (KILOTON)
                                TABLE 97 REFRIGERANTS MARKET SIZE IN VARIABLE REFRIGERANT FLOW, BY REGION, 2021–2027 (KILOTON)
                                TABLE 98 REFRIGERANTS MARKET SIZE IN VARIABLE REFRIGERANT FLOW, 2017–2020 (USD MILLION)
                                TABLE 99 REFRIGERANTS MARKET SIZE IN VARIABLE REFRIGERANT FLOW, 2021–2027 (USD MILLION)
           8.4.4 DUCTED, PACKAGED, AND ROOFTOP ACS
                    8.4.4.1 Increasing commercial spaces to influence market growth
                                TABLE 100 REFRIGERANTS MARKET SIZE IN DUCTED, PACKAGED, AND ROOFTOP ACS, BY REGION, 2017–2020 (KILOTON)
                                TABLE 101 REFRIGERANTS MARKET SIZE IN DUCTED, PACKAGED, AND ROOFTOP ACS, BY REGION, 2021–2027 (KILOTON)
                                TABLE 102 REFRIGERANTS MARKET SIZE IN DUCTED, PACKAGED, AND ROOFTOP ACS, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 103 REFRIGERANTS MARKET SIZE IN DUCTED, PACKAGED, AND ROOFTOP ACS, BY REGION, 2021–2027 (USD MILLION)
    8.5 MOBILE AIR CONDITIONING (MAC)
           8.5.1 LARGE AUTOMOTIVE MANUFACTURING BASE IN ASIA PACIFIC PRESENTS OPPORTUNITIES FOR MAC
                    TABLE 104 REFRIGERANTS MARKET SIZE IN MOBILE AIR CONDITIONING, BY REGION, 2017–2020 (KILOTON)
                    TABLE 105 REFRIGERANTS MARKET SIZE IN MOBILE AIR CONDITIONING, BY REGION, 2021–2027 (KILOTON)
                    TABLE 106 REFRIGERANTS MARKET SIZE IN MOBILE AIR CONDITIONING, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 107 REFRIGERANTS MARKET SIZE IN MOBILE AIR CONDITIONING, BY REGION, 2021–2027 (USD MILLION)

9 REFRIGERANTS MARKET, BY REGION (Page No. - 136)
    9.1 INTRODUCTION
          FIGURE 39 ASIA PACIFIC PROJECTED TO BE FASTEST-GROWING MARKET FOR REFRIGERANTS DURING FORECAST PERIOD
          TABLE 108 REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 109 REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (KILOTON)
          TABLE 110 REFRIGERANTS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 111 REFRIGERANTS MARKET SIZE, BY REGION, 2021–2027 (USD MILLION)
    9.2 ASIA PACIFIC
          FIGURE 40 ASIA PACIFIC REFRIGERANTS MARKET: SNAPSHOT
           9.2.1 ASIA PACIFIC REFRIGERANTS MARKET, BY TYPE
                    TABLE 112 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 113 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (KILOTON)
                    TABLE 114 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 115 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
           9.2.2 ASIA PACIFIC REFRIGERANTS MARKET, BY APPLICATION
                    TABLE 116 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 117 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    TABLE 118 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 119 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
           9.2.3 ASIA PACIFIC REFRIGERANTS MARKET, BY COUNTRY
                    TABLE 120 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 121 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 122 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 123 ASIA PACIFIC: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    9.2.3.1 China
                               9.2.3.1.1 High demand for refrigeration and air conditioning systems to drive demand for refrigerants in China
                                              TABLE 124 CHINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 125 CHINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 126 CHINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 127 CHINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.2.3.2 Japan
                               9.2.3.2.1 Growing commitment to use natural refrigerants to drive market in Japan
                                              TABLE 128 JAPAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 129 JAPAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 130 JAPAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 131 JAPAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.2.3.3 South Korea
                               9.2.3.3.1 Increasing investments in public and institutional infrastructure to fuel demand for refrigerants in South Korea 150
                                              TABLE 132 SOUTH KOREA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 133 SOUTH KOREA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 134 SOUTH KOREA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 135 SOUTH KOREA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027(USD MILLION)
                    9.2.3.4 India
                               9.2.3.4.1 Growth in commercial and industrial sectors to boost demand for refrigerants in India
                                              TABLE 136 INDIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 137 INDIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 138 INDIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 139 INDIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.2.3.5 Indonesia
                               9.2.3.5.1 Growing construction industry to drive refrigerants market in Indonesia
                                              TABLE 140 INDONESIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 141 INDONESIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 142 INDONESIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 143 INDONESIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.2.3.6 Thailand
                               9.2.3.6.1 Increasing consumer awareness supports growth of greener refrigerants in Thailand
                                              TABLE 144 THAILAND: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 145 THAILAND: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 146 THAILAND: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 147 THAILAND: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.2.3.7 Malaysia
                               9.2.3.7.1 Market growth in Malaysia can be attributed to rising income and changing purchasing habits
                                              TABLE 148 MALAYSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 149 MALAYSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 150 MALAYSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 151 MALAYSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027(USD MILLION)
                    9.2.3.8 Australia
                               9.2.3.8.1 Demand for split ACs and variable refrigerant flow to drive air conditioning systems
                                              TABLE 152 AUSTRALIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 153 AUSTRALIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 154 AUSTRALIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 155 AUSTRALIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
    9.3 EUROPE
          FIGURE 41 EUROPE REFRIGERANTS MARKET: SNAPSHOT
           9.3.1 EUROPE REFRIGERANTS MARKET, BY TYPE
                    TABLE 156 EUROPE: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 157 EUROPE: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (KILOTON)
                    TABLE 158 EUROPE: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 159 EUROPE: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
           9.3.2 EUROPE REFRIGERANTS MARKET, BY APPLICATION
                    TABLE 160 EUROPE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 161 EUROPE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    TABLE 162 EUROPE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 163 EUROPE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
           9.3.3 EUROPE REFRIGERANTS MARKET, BY COUNTRY
                    TABLE 164 EUROPE: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 165 EUROPE: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 166 EUROPE: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 167 EUROPE: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    9.3.3.1 Germany
                               9.3.3.1.1 Large manufacturing base of white goods contributes to high refrigerant demand
                                              TABLE 168 GERMANY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 169 GERMANY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 170 GERMANY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 171 GERMANY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.3.3.2 Italy
                               9.3.3.2.1 Construction industry presents significant demand for refrigerants in Italy
                                              TABLE 172 ITALY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 173 ITALY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 174 ITALY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 175 ITALY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.3.3.3 France
                               9.3.3.3.1 Increase in production of automobiles in France to drive mobile air conditioning application
                                              TABLE 176 FRANCE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 177 FRANCE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 178 FRANCE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 179 FRANCE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.3.3.4 Spain
                               9.3.3.4.1 Presence of automobile manufacturers and rise in residential construction to drive market in Spain
                                              TABLE 180 SPAIN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 181 SPAIN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 182 SPAIN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 183 SPAIN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.3.3.5 UK
                               9.3.3.5.1 Rising investments in construction sector to boost refrigerants market in UK
                                              TABLE 184 UK: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 185 UK: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 186 UK: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 187 UK: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.3.3.6 Russia
                               9.3.3.6.1 Automotive industry to support refrigerants market growth in Russia
                                              TABLE 188 RUSSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 189 RUSSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 190 RUSSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 191 RUSSIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.3.3.7 Turkey
                               9.3.3.7.1 Increased manufacturing of white goods to boost refrigerants market
                                              TABLE 192 TURKEY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 193 TURKEY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 194 TURKEY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 195 TURKEY: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
    9.4 NORTH AMERICA
          FIGURE 42 NORTH AMERICA REFRIGERANTS MARKET: SNAPSHOT
           9.4.1 NORTH AMERICA REFRIGERANT MARKET, BY TYPE
                    TABLE 196 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 197 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (KILOTON)
                    TABLE 198 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 199 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
           9.4.2 NORTH AMERICA REFRIGERANTS MARKET, BY APPLICATION
                    TABLE 200 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 201 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    TABLE 202 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 203 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
           9.4.3 NORTH AMERICA REFRIGERANTS MARKET, BY COUNTRY
                    TABLE 204 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 205 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 206 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 207 NORTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    9.4.3.1 US
                               9.4.3.1.1 Guidelines of Montreal Protocol largely drive US market
                                              TABLE 208 US: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 209 US: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 210 US: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 211 US: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.4.3.2 Canada
                               9.4.3.2.1 Industrial refrigeration to drive market
                                              TABLE 212 CANADA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 213 CANADA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 214 CANADA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 215 CANADA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.4.3.3 Mexico
                               9.4.3.3.1 Growing automotive sector to fuel market
                                              TABLE 216 MEXICO: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 217 MEXICO: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 218 MEXICO: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 219 MEXICO: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
    9.5 MIDDLE EAST & AFRICA
           9.5.1 MIDDLE EAST & AFRICA REFRIGERANTS MARKET, BY TYPE
                    TABLE 220 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 221 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (KILOTON)
                    TABLE 222 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 223 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
           9.5.2 MIDDLE EAST & AFRICA REFRIGERANTS MARKET, BY APPLICATION
                    TABLE 224 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 225 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    TABLE 226 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 227 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
           9.5.3 MIDDLE EAST & AFRICA REFRIGERANTS MARKET, BY COUNTRY
                    TABLE 228 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 229 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    TABLE 230 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 231 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    9.5.3.1 Saudi Arabia
                               9.5.3.1.1 Investments in infrastructure, manufacturing, and retail sectors to boost refrigerants market in Saudi Arabia
                                              TABLE 232 SAUDI ARABIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 233 SAUDI ARABIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 234 SAUDI ARABIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 235 SAUDI ARABIA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.5.3.2 UAE
                               9.5.3.2.1 Increasing investments in real estate and manufacturing fuel refrigerant demand in UAE
                                              TABLE 236 UAE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 237 UAE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 238 UAE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 239 UAE: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.5.3.3 Iran
                               9.5.3.3.1 Growing demand for air conditioning systems to influence market growth
                                              TABLE 240 IRAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 241 IRAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 242 IRAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 243 IRAN: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.5.3.4 South Africa
                               9.5.3.4.1 Rapid urbanization to drive refrigerants market in South Africa
                                              TABLE 244 SOUTH AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 245 SOUTH AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 246 SOUTH AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 247 SOUTH AFRICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
    9.6 SOUTH AMERICA
           9.6.1 SOUTH AMERICA REFRIGERANTS MARKET, BY TYPE
                    TABLE 248 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 249 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (KILOTON)
                    TABLE 250 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 251 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY TYPE, 2021–2027 (USD MILLION)
           9.6.2 SOUTH AMERICA REFRIGERANTS MARKET, BY APPLICATION
                    TABLE 252 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                    TABLE 253 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                    TABLE 254 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 255 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
           9.6.3 SOUTH AMERICA REFRIGERANTS MARKET, BY COUNTRY
                    TABLE 256 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 257 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (KILOTON)
                    TABLE 258 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 259 SOUTH AMERICA: REFRIGERANTS MARKET SIZE, BY COUNTRY, 2021–2027 (USD MILLION)
                    9.6.3.1 Brazil
                               9.6.3.1.1 Economic growth to drive refrigerants market in various applications in Brazil
                                              TABLE 260 BRAZIL: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 261 BRAZIL: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 262 BRAZIL: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 263 BRAZIL: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)
                    9.6.3.2 Argentina
                               9.6.3.2.1 Higher consumer spending will support refrigerant demand in Argentina
                                              TABLE 264 ARGENTINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (KILOTON)
                                              TABLE 265 ARGENTINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (KILOTON)
                                              TABLE 266 ARGENTINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION)
                                              TABLE 267 ARGENTINA: REFRIGERANTS MARKET SIZE, BY APPLICATION, 2021–2027 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 231)
     10.1 INTRODUCTION
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS
             TABLE 268 OVERVIEW OF STRATEGIES ADOPTED BY KEY REFRIGERANTS MANUFACTURERS
     10.3 MARKET SHARE ANALYSIS
             10.3.1 RANKING OF KEY MARKET PLAYERS, 2021
                        FIGURE 43 RANKING OF TOP FIVE PLAYERS IN REFRIGERANTS MARKET, 2021
             10.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 269 REFRIGERANTS MARKET: DEGREE OF COMPETITION
                        FIGURE 44 HONEYWELL INTERNATIONAL INC. LED REFRIGERANTS MARKET IN 2021
                        10.3.2.1 Honeywell International Inc.
                        10.3.2.2 The Chemours Company
                        10.3.2.3 The Linde Group
                        10.3.2.4 Air Liquide
                        10.3.2.5 Daikin industries Ltd.
             10.3.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS
                        FIGURE 45 REVENUE ANALYSIS OF KEY COMPANIES DURING PAST FIVE YEARS
     10.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
             FIGURE 46 REFRIGERANTS MARKET: COMPANY FOOTPRINT
             TABLE 270 REFRIGERANTS MARKET: TYPE FOOTPRINT
             TABLE 271 REFRIGERANTS MARKET: APPLICATION FOOTPRINT
             TABLE 272 REFRIGERANTS MARKET: COMPANY REGION FOOTPRINT
     10.5 COMPANY EVALUATION QUADRANT (TIER 1)
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
                        FIGURE 47 COMPANY EVALUATION QUADRANT FOR REFRIGERANTS MARKET (TIER 1)
     10.6 COMPETITIVE BENCHMARKING
             TABLE 273 REFRIGERANTS MARKET: DETAILED LIST OF KEY START-UPS/SMES
             TABLE 274 REFRIGERANTS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     10.7 START-UP/SME EVALUATION QUADRANT
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 STARTING BLOCKS
                        FIGURE 48 START-UPS/SMES EVALUATION QUADRANT FOR REFRIGERANTS MARKET
     10.8 COMPETITIVE SITUATIONS AND TRENDS
             10.8.1 NEW PRODUCT LAUNCHES
                        TABLE 275 REFRIGERANTS MARKET: NEW PRODUCT LAUNCHES (2019–2022)
             10.8.2 DEALS
                        TABLE 276 REFRIGERANTS MARKET: DEALS (2019–2022)
             10.8.3 OTHER DEVELOPMENTS
                        TABLE 277 REFRIGERANTS MARKET: OTHER DEVELOPMENTS (2019–2022)

11 COMPANY PROFILES (Page No. - 250)
     11.1 MAJOR PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
             11.1.1 ARKEMA S.A.
                        TABLE 278 ARKEMA S.A.: COMPANY OVERVIEW
                        FIGURE 49 ARKEMA S.A.: COMPANY SNAPSHOT
             11.1.2 DONGYUE GROUP CO., LTD. (DONGYUE)
                        TABLE 279 DONGYUE GROUP CO., LTD.: COMPANY OVERVIEW
                        FIGURE 50 DONGYUE GROUP CO., LTD: COMPANY SNAPSHOT
             11.1.3 HONEYWELL INTERNATIONAL INC.
                        TABLE 280 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 51 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
             11.1.4 THE CHEMOURS COMPANY
                        TABLE 281 THE CHEMOURS COMPANY: COMPANY OVERVIEW
                        FIGURE 52 THE CHEMOURS COMPANY: COMPANY SNAPSHOT
             11.1.5 THE LINDE GROUP
                        TABLE 282 THE LINDE GROUP: COMPANY OVERVIEW
                        FIGURE 53 THE LINDE GROUP: COMPANY SNAPSHOT
             11.1.6 AIR LIQUIDE (AIRGAS REFRIGERANTS INC.)
                        TABLE 283 AIR LIQUIDE: COMPANY OVERVIEW
                        FIGURE 54 AIR LIQUIDE: COMPANY SNAPSHOT
             11.1.7 SINOCHEM GROUP
                        TABLE 284 SINOCHEM GROUP: COMPANY OVERVIEW
                        FIGURE 55 SINOCHEM GROUP: COMPANY SNAPSHOT
             11.1.8 DAIKIN INDUSTRIES LTD.
                        TABLE 285 DAIKIN INDUSTRIES LTD: COMPANY OVERVIEW
                        FIGURE 56 DAIKIN INDUSTRIES LTD.: COMPANY SNAPSHOT
             11.1.9 ORBIA
                        TABLE 286 ORBIA: COMPANY OVERVIEW
                        FIGURE 57 ORBIA: COMPANY SNAPSHOT
             11.1.10 ASAHI GLASS CORPORATION
                        TABLE 287 ASAHI GLASS CORPORATION: COMPANY OVERVIEW
                        FIGURE 58 ASAHI GLASS CORPORATION: COMPANY SNAPSHOT
             11.1.11 A-GAS INTERNATIONAL
                        TABLE 288 A-GAS INTERNATIONAL: COMPANY OVERVIEW
     11.2 START-UP/SME PLAYERS
             11.2.1 SRF LIMITED
                        TABLE 289 SRF LIMITED: COMPANY OVERVIEW
             11.2.2 GUJARAT FLUOROCHEMICALS LTD.
                        TABLE 290 GUJARAT FLUOROCHEMICALS LTD.: COMPANY OVERVIEW
             11.2.3 NAVIN FLUORINE INTERNATIONAL LTD.
                        TABLE 291 NAVIN FLUORINE INTERNATIONAL LTD.: COMPANY OVERVIEW
             11.2.4 PUYANG ZHONGWEI FINE CHEMICALS
                        TABLE 292 PUYANG ZHONGWEI FINE CHEMICALS: COMPANY OVERVIEW
             11.2.5 SHANDONG YUEAN CHEMICAL INDUSTRY CO. LTD
                        TABLE 293 SHANDONG YUEAN CHEMICAL INDUSTRY CO., LTD: COMPANY OVERVIEW
             11.2.6 HARP INTERNATIONAL
                        TABLE 294 HARP INTERNATIONAL.: COMPANY OVERVIEW
             11.2.7 QUIMOBASICOS
                        TABLE 295 QUIMOBASICOS: COMPANY OVERVIEW
             11.2.8 TAZZETI SPA
                        TABLE 296 TAZZETI SPA: COMPANY OVERVIEW
             11.2.9 GAS SERVEI S.A.
                        TABLE 297 GAS SERVEI S.A.: COMPANY OVERVIEW
             11.2.10 ZHEJIANG FOTECH INTERNATIONAL CO. LTD.
                        TABLE 298 ZHEJIANG FOTECH INTERNATIONAL CO. LTD: COMPANY OVERVIEW
             11.2.11 REFRIGERANT SOLUTIONS LTD.
                        TABLE 299 REFRIGERANT SOLUTIONS LTD.: COMPANY OVERVIEW
             11.2.12 BROTHERS GAS BOTTLING & DISTRIBUTION CO. LLC
                        TABLE 300 BROTHERS GAS BOTTLE & DISTRIBUTION CO. LLC: COMPANY OVERVIEW
             11.2.13 ECO FREEZE INTERNATIONAL
                        TABLE 301 ECO FREEZE INTERNATIONAL: COMPANY OVERVIEW
             11.2.14 ENGAS AUSTRALASIA
                        TABLE 302 ENGAS AUSTRALASIA: COMPANY OVERVIEW

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12 ADJACENT & RELATED MARKETS (Page No. - 294)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 INDUSTRIAL REFRIGERATION SYSTEMS MARKET
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
     12.4 INDUSTRIAL REFRIGERATION SYSTEMS MARKET, BY REGION
             TABLE 303 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REGION, 2016–2025 (USD BILLION)
             12.4.1 NORTH AMERICA
                        TABLE 304 NORTH AMERICA: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SIZE, BY COUNTRY, 2016–2025 (USD MILLION)
                        TABLE 305 NORTH AMERICA: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SIZE, BY COMPONENT, 2016–2025 (USD MILLION)
             12.4.2 EUROPE
                        TABLE 306 EUROPE: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SIZE, BY COUNTRY, 2016–2025 (USD MILLION)
                        TABLE 307 EUROPE: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SIZE, BY COMPONENT, 2016–2025 (USD MILLION)
             12.4.3 ASIA PACIFIC
                        TABLE 308 ASIA PACIFIC: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SIZE, BY COUNTRY, 2016–2025 (USD MILLION)
                        TABLE 309 ASIA PACIFIC: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SIZE, BY COMPONENT, 2016–2025 (USD MILLION)
             12.4.4 REST OF WORLD (ROW)
                        TABLE 310 ROW: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SIZE, BY COUNTRY, 2016–2025 (USD MILLION)
                        TABLE 311 ROW: INDUSTRIAL REFRIGERATION SYSTEMS MARKET SIZE, BY COMPONENT, 2016–2025 (USD MILLION)

13 APPENDIX (Page No. - 300)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities to estimate the market size for refrigerants market. 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

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.

Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The refrigerants market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, and end users. Various primary sources from the supply and demand sides of the refrigerants market have been interviewed to obtain qualitative and quantitative information.

The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the refrigerants industry.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Refrigerants Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the refrigerants market.

The key players in the industry have been identified through extensive secondary research.
The supply chain of the industry has been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Refrigerants Market: Bottom-Up Approach 1

Refrigerants Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Report Objectives

To define, describe, and forecast the global refrigerants market size in terms of volume and value
To provide detailed information regarding the major factors (drivers, restraints, challenges, and opportunities) influencing the growth of this market
To estimate and forecast the market size based on type and application
To forecast the size of the market based on five major regions–Asia Pacific, North America, Europe, the Middle East & Africa, and South America
To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
To analyze opportunities in the market for stakeholders and to provide a competitive landscape of market leaders
To analyze recent developments such as agreements, mergers & acquisitions, expansions, and new product launches in the market
To analyze the impact of the COVID-19 pandemic on the refrigerants market
To strategically profile the key market players and comprehensively analyze their core competencies2 and market share

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: