Refrigerants Market

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Refrigerants Market by Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, Air, Water, Propene, Isopentane), Application (Domestic, Commercial, Industrial, Chillers, Split AC, VRF, Window, MAC), and Region - Global Forecast to 2023

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Report Code: CH 1536 Feb, 2019, by marketsandmarkets.com

[149 Pages Report] The refrigerants market size is estimated to be USD 22.9 billion in 2018 and is projected reach USD 31.0 billion by 2023, at a CAGR of 6.2% between 2018 and 2023. 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.

Refrigerant Market

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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 2018 and 2023.

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.  

Refrigerant Market

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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 increasing 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.

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. To expand its business, the company is focusing on enhancing its market reach by entering new markets and regions. For instance, in April 2016, Honeywell International Inc. (US) entered into an agreement with Chinese manufacturer Juhua Corp. to produce low GWP refrigerant for use in MAC application. This agreement enabled it to capture the refrigerants market in China and to increase revenue. The company also adopted new product launch as a strategy in order to expand its product portfolio and market presence. For instance, in January 2015, Honeywell International Inc. (US) launched four new low GWP products Solstice zd, Solstice ze, Solstice N13, Solstice N40, for applications such as supermarket refrigeration, and industrial cooling.

The Chemours Company (US) is also one of the leading suppliers of refrigerants. It caters to the demand for specialized refrigerants in North America, South America, the Middle East & Africa, Europe, and APAC. It has a strong foothold in the markets in APAC, North America, and Europe, generating a majority of its revenue. It has expanded its R&D centers and floor capacity by continuously investing in the expansion of laboratories, which enables the company to cater to the demand of customers effectively.

Scope Of The Report

Report Metric

Details

Years considered for the study

 2016–2023

Base year

 2017
    Forecast period  2018–2023
    Units considered  Volume (Kiloton); Value (USD Million)
    Segments  Type, Application, and Region
    Regions  APAC, North America, Europe, Middle East & Africa, and South America
    Companies  Arkema S.A. (France), Dongyue Group Co. Ltd. (China), Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Ireland), Air Liquide (Framce), Sinochem Lantian Co. Ltd. (China), Daikin Industries (Japan), Mexichem (Mexico), and Asahi Glass Corporation (Japan)

    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

    Recent Developments

    • In May 2018, Arkema SA (France) developed Forane 449A, with low GWP levels and compatible with systems using R404A/507A.
    • In February 2017, The Chemours Company invested USD 230 million to open a new production facility in Texas, US. The site is expected to triple the capacity of Opteon products.
    • In October 2016, The Chemours Company (US) expanded its product portfolio by the launch of a new product line under the Opteon XL series. The refrigerants will have applications in refrigeration and air-conditioning systems.
    • In November 2015, The Chemours Company along with Changsu 3F Zhanghao opened a full-scale production facility in Changsu, China. The plant will manufacture HFO–1336 mzz, which have very low GWP ratings.

    Key questions addressed by the report

    • What are the major developments impacting the market?
    • Where will all these developments take the industry in the mid to long term?
    • What are the upcoming types of refrigerants?
    • How will the phasing out of HCFCs and HFCs affect the industry?
    • What are the emerging end-use industries for refrigerants?
    • What are the major factors that will impact market growth during the forecast period?

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

    Table of Contents

    1 Introduction (Page No. - 17)
        1.1 Objectives of the Study
        1.2 Market Definition
        1.3 Market Scope
               1.3.1 Regions Covered
               1.3.2 Years Considered for the Study
               1.3.3 Currency
               1.3.4 Unit Considered
               1.3.5 Limitations
        1.4 Stakeholders

    2 Research Methodology (Page No. - 20)
        2.1 Research Data
               2.1.1 Secondary Data
                        2.1.1.1 Key Data From Secondary Sources
               2.1.2 Primary Data
                        2.1.2.1 Key Data From Primary Sources
                        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
               2.2.2 Top-Down Approach
        2.3 Data Triangulation
               2.3.1 Assumptions

    3 Executive Summary (Page No. - 27)

    4 Premium Insights (Page No. - 31)
        4.1 Attractive Opportunities in the Refrigerants Market
        4.2 Refrigerants Market, By Region
        4.3 APAC Refrigerants Market, By Country and Application
        4.4 Refrigerants Market, By Major Countries
        4.5 Refrigerants Market, By Application

    5 Market Overview (Page No. - 34)
        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 Increasingly Stringent Regulations Against Fluorocarbon Refrigerants
                        5.2.2.2 Flammability and Toxicity Issues
               5.2.3 Opportunities
                        5.2.3.1 Increasing Demand for Natural 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 Macroeconomic Indicators

    6 Refrigerants Market, By Type (Page No. - 43)
        6.1 Introduction
        6.2 HCFC
               6.2.1 The Future Demand for HCFC is Governed By the Timelines Mentioned in the Montreal Protocol
        6.3 HFC
               6.3.1 APAC is Estimated to Be the Fastest-Growing Market for HFC During the Forecast Period
        6.4 HFO
               6.4.1 North America is the Fastest-Growing Market for HFO Owing to Consumer Awareness to Sustainable Refrigerants
        6.5 Isobutane
               6.5.1 North America is the Fastest-Growing Market for Isobutane Owing to Its Large Manufacturing Industry Base
        6.6 Propane
               6.6.1 Presence of A Large Number of Appliances Manufacturers Boosts the Demand for Propane in APAC
        6.7 Ammonia
               6.7.1 Emergence of China as A Leading Grocery Market Drives Ammonia’s Demand in APAC
        6.8 Carbon Dioxide
               6.8.1 Growth of Supermarkets and the Food & Processing Industry is Driving the Demand for Carbon Dioxide Refrigerants
        6.9 Others

    7 Refrigerants Market, By Application (Page No. - 53)
        7.1 Introduction
        7.2 Refrigeration Systems
               7.2.1 Domestic Refrigeration
                        7.2.1.1 APAC is Estimated to Be the Largest Market for Domestic Refrigeration Owing to Its Large Population
               7.2.2 Commercial Refrigeration
                        7.2.2.1 The Demand for Commercial Refrigeration is Increasing Due to the Growing Retail Industry in APAC
               7.2.3 Industrial Refrigeration
                        7.2.3.1 Large Industrial Base of APAC Drives the Demand for Refrigerants in the Industrial Refrigeration Application
        7.3 Chillers
               7.3.1 APAC is Largest Market for Chillers Application Owing to Growing Investments in Industries of China and India
        7.4 Air-Conditioning Systems
               7.4.1 Window Ac
                        7.4.1.1 North America is Expected to Be the Largest Refrigerants Market in Window ACS
               7.4.2 Split Ac
                        7.4.2.1 APAC is the Largest Consumer of Split ACS Owing to Rapid Urbanization and Increasing Spending Income
               7.4.3 VRF (Variable Refrigerant Flow)
                        7.4.3.1 APAC is Estimated to Be the Fastest-Growing Market in the VRF Segment Owing to the Growing Construction Industry
               7.4.4 Others
        7.5 Mac (Mobile Air Conditioning System)
               7.5.1 APAC is Expected to Be the Largest Market in Mac Segment Owing to the Large Automotive Manufacturing Base

    8 Refrigerants Market, By Region (Page No. - 64)
        8.1 Introduction
        8.2 APAC
               8.2.1 China
                        8.2.1.1 Demand for Refrigeration and Air-Conditioning Systems Will Drive the Demand for Refrigerants
               8.2.2 Japan
                        8.2.2.1 Growing Commitment Towards Usage of Natural Refrigerants Will Drive the Market
               8.2.3 South Korea
                        8.2.3.1 Increasing Investments in Public and Institutional Infrastructure Will Drive the Demand for Refrigerants
               8.2.4 India
                        8.2.4.1 Growth in Commercial and Industrial Sector Will Drive the Refrigerants Market
               8.2.5 Indonesia
                        8.2.5.1 Growing Construction Industry to Drive the Refrigerants Market
               8.2.6 Thailand
                        8.2.6.1 Increasing Consumer Awareness to Support the Growth of Greener Refrigerants
               8.2.7 Malaysia
                        8.2.7.1 Rising Income, Growing Cold Chain Market, and Changing Purchasing Habits to Drive the Refrigerants Market
               8.2.8 Australia
                        8.2.8.1 Increasing Demand for Split ACS and VRF to Drive the Refrigerants Market
        8.3 Europe
               8.3.1 Germany
                        8.3.1.1 Large Manufacturing Base of White Goods to Drive Refrigerants’ Demand
               8.3.2 Italy
                        8.3.2.1 Growing Construction Industry to Drive the Refrigerants Market
               8.3.3 France
                        8.3.3.1 Increase in Production of VRF and Automobiles to Drive the Refrigerants Market
               8.3.4 Spain
                        8.3.4.1 Presence of Automobile Manufacturers and Rise in Residential Construction to Drive the Refrigerants’ Market
               8.3.5 UK
                        8.3.5.1 Rising Investments in Construction Sector to Drive the Refrigerants Market
               8.3.6 Russia
                        8.3.6.1 Automotive Industry to Support the Refrigerants’ Market Growth
               8.3.7 Turkey
                        8.3.7.1 Increased Manufacturing Activities in White Goods to Drive the Refrigerants’ Market
        8.4 North America
               8.4.1 US
                        8.4.1.1 US Market is Largely Driven By Guidelines of the Montreal Protocol
               8.4.2 Canada
                        8.4.2.1 Chillers Amongst the Fastest-Growing Consumers of Refrigerants
               8.4.3 Mexico
                        8.4.3.1 Mac is the Fastest-Growing Application of Refrigerants
        8.5 Middle East & Africa
               8.5.1 Saudi Arabia
                        8.5.1.1 Investments in Infrastructure, Manufacturing, and Retail Sectors to Drive the Refrigerants Market
               8.5.2 UAE
                        8.5.2.1 Increasing Investments in Real Estate and Manufacturing Industry to Drive the Demand for Refrigerants
               8.5.3 Iran
                        8.5.3.1 Chillers Segment is Estimated to Be the Fastest-Growing Application in Overall Refrigerants Market
               8.5.4 South Africa
                        8.5.4.1 Rapid Urbanization and Expanding Manufacturing Activities to Drive the Refrigerants Market
        8.6 South America
               8.6.1 Brazil
                        8.6.1.1 Economic Growth to Drive the Refrigerants Market in Various Applications
               8.6.2 Argentina
                        8.6.2.1 Higher Consumer Spending Will Support the Refrigerants’ Demand During the Forecast Period

    9 Competitive Landscape (Page No. - 111)
        9.1 Competitive Leadership Mapping
               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 of Top Players
        9.4 Competitive Situation and Trends
               9.4.1 Agreement
               9.4.2 New Product Launch
               9.4.3 Expansion
               9.4.4 Merger & Acquisition

    10 Company Profiles (Page No. - 120)
    (Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
         10.1 Arkema SA
         10.2 Dongyue Group Co. Ltd.
         10.3 Honeywell International Inc.
         10.4 The Chemours Company
         10.5 The Linde Group
         10.6 Air Liquide (Airgas Refrigerants Inc.)
         10.7 Sinochem Group
         10.8 Daikin Industries Ltd.
         10.9 Mexichem
         10.10 Asahi Glass Corporation (AGC)
    *Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
         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 Appendix (Page No. - 142)
         11.1 Discussion Guide
         11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
         11.3 Available Customizations
         11.4 Related Reports
         11.5 Author Details


    List of Tables (137 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 Eliminating HCFC: Non Article 5 Parties
    Table 4 Schedule for Eliminating HCFC: Article 5 Parties
    Table 5 Schedule for Eliminating HFC
    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 Trends and Forecast of Construction Industry, By Country, 2016–2023 (USD Billion)
    Table 10 Refrigerants Market Size, By Type, 2016–2023 (Kiloton)
    Table 11 Refrigerants Market Size, By Type, 2016–2023 (USD Million)
    Table 12 HCFC: Applications and GWP
    Table 13 HCFC Refrigerants Market Size, By Region, 2016–2023 (Kiloton)
    Table 14 HCFC Refrigerants Market Size, By Region, 2016–2023 (USD Million)
    Table 15 HFC: Applications and GWP
    Table 16 HFC Refrigerants Market Size, By Region, 2016–2023 (Kiloton)
    Table 17 HFC Refrigerants Market Size, By Region, 2016–2023 (USD Million)
    Table 18 HFO: Applications and GWP
    Table 19 HFO Refrigerants Market Size, By Region, 2016–2023 (Kiloton)
    Table 20 HFO Refrigerants Market Size, By Region, 2016–2023 (USD Million)
    Table 21 Isobutane: Applications and GWP
    Table 22 Isobutane Refrigerants Market Size, By Region, 2016–2023 (Kiloton)
    Table 23 Isobutane Refrigerants Market Size, By Region, 2016–2023 (USD Million)
    Table 24 Propane: Applications and GWP
    Table 25 Propane Refrigerants Market Size, By Region, 2016–2023 (Kiloton)
    Table 26 Propane Refrigerants Market Size, By Region, 2016–2023 (USD Million)
    Table 27 Ammonia: Applications and GWP
    Table 28 Ammonia Refrigerants Market Size, By Region, 2016–2023 (Kiloton)
    Table 29 Ammonia Refrigerants Market Size, By Region, 2016–2023 (USD Million)
    Table 30 Carbon Dioxide Refrigerants Market Size, By Region, 2016–2023 (Kiloton)
    Table 31 Carbon Dioxide Refrigerants Market Size, By Region, 2016–2023 (USD Million)
    Table 32 Other Refrigerants Market Size, By Region, 2016–2023 (Kiloton)
    Table 33 Other Refrigerants Market Size , By Region, 2016–2023 (USD Million)
    Table 34 Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 35 Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 36 Refrigerants Market Size in Domestic Refrigeration, 2016–2023 (Kiloton)
    Table 37 Refrigerants Market Size in Domestic Refrigeration, 2016–2023 (USD Million)
    Table 38 Refrigerants Market Size in Commercial Refrigeration, 2016–2023 (Kiloton)
    Table 39 Refrigerants Market Size in Commercial Refrigeration, 2016–2023 (USD Million)
    Table 40 Refrigerants Market Size in Industrial Refrigeration, 2016–2023 (Kiloton)
    Table 41 Refrigerants Market Size in Industrial Refrigeration, 2016–2023 (USD Million)
    Table 42 Refrigerants Market Size in Chillers, 2016–2023 (Kiloton)
    Table 43 Refrigerants Market Size in Chillers, 2016–2023 (USD Million)
    Table 44 Refrigerants Market Size in Window Ac, 2016–2023 (Kiloton)
    Table 45 Refrigerants Market Size in Window Ac, 2016–2023 (USD Million)
    Table 46 Refrigerants Market Size in Split Ac , 2016–2023 (Kiloton)
    Table 47 Refrigerants Market Size in Split Ac , 2016–2023 (USD Million)
    Table 48 Refrigerants Market Size in VRF , 2016–2023 (Kiloton)
    Table 49 Refrigerants Market Size in VRF , 2016–2023 (USD Million)
    Table 50 Refrigerants Market Size in Other Air-Conditioning Systems, 2016–2023 (Kiloton)
    Table 51 Refrigerants Market Size in Other Air-Conditioning Systems, 2016–2023 (USD Million)
    Table 52 Refrigerants Market Size in Mac, 2016–2023 (Kiloton)
    Table 53 Refrigerants Market Size in Mac, 2016–2023 (USD Million)
    Table 54 Refrigerants Market Size, By Region, 2016–2023 (Kiloton)
    Table 55 Refrigerants Market Size, By Region, 2016–2023 (USD Million)
    Table 56 APAC: Refrigerants Market Size, By Type, 2016–2023 (Kiloton)
    Table 57 APAC: Refrigerants Market Size, By Type, 2016–2023 (USD Million)
    Table 58 APAC: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 59 APAC: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 60 APAC: Refrigerants Market Size, By Country, 2016–2023 (Kiloton)
    Table 61 APAC: Refrigerants Market Size, By Country, 2016–2023 (USD Million)
    Table 62 China: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 63 China: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 64 Japan: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 65 Japan: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 66 South Korea: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 67 South Korea: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 68 India: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 69 India: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 70 Indonesia: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 71 Indonesia: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 72 Thailand: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 73 Thailand: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 74 Malaysia: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 75 Malaysia: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 76 Australia: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 77 Australia: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 78 Europe: Refrigerants Market Size, By Type, 2016–2023 (Kiloton)
    Table 79 Europe: Refrigerants Market Size, By Type, 2016–2023 (USD Million)
    Table 80 Europe: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 81 Europe: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 82 Europe: Refrigerants Market Size, By Country, 2016–2023 (Kiloton)
    Table 83 Europe: Refrigerants Market Size, By Country, 2016–2023 (USD Million)
    Table 84 Germany: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 85 Germany: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 86 Italy: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 87 Italy: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 88 France: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 89 France: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 90 Spain: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 91 Spain: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 92 UK: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 93 UK: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 94 Russia: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 95 Russia: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 96 Turkey: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 97 Turkey: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 98 North America: Refrigerants Market Size, By Type, 2016–2023 (Kiloton)
    Table 99 North America: Refrigerants Market Size, By Type, 2016–2023 (USD Million)
    Table 100 North America: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 101 North America: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 102 North America: Refrigerants Market Size, By Country, 2016–2023 (Kiloton)
    Table 103 North America: Refrigerants Market Size, By Country, 2016–2023 (USD Million)
    Table 104 US: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 105 US: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 106 Canada: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 107 Canada: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 108 Mexico: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 109 Mexico: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 110 Middle East & Africa: Refrigerants Market Size, By Type, 2016–2023 (Kiloton)
    Table 111 Middle East & Africa: Refrigerants Market Size, By Type, 2016–2023 (USD Million)
    Table 112 Middle East & Africa: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 113 Middle East & Africa: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 114 Middle East & Africa: Refrigerants Market Size, By Country, 2016–2023 (Kiloton)
    Table 115 Middle East & Africa: Refrigerants Market Size, By Country, 2016–2023 (USD Million)
    Table 116 Saudi Arabia: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 117 Saudi Arabia: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 118 UAE: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 119 UAE: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 120 Iran: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 121 Iran: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 122 South Africa: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 123 South Africa: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 124 South America: Refrigerants Market Size, By Type, 2016–2023 (Kiloton)
    Table 125 South America: Refrigerants Market Size, By Type, 2016–2023 (USD Million)
    Table 126 South America: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 127 South America: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 128 South America: Refrigerants Market Size, By Country, 2016–2023 (Kiloton)
    Table 129 South America: Refrigerants Market Size, By Country, 2016–2023 (USD Million)
    Table 130 Brazil: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 131 Brazil: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 132 Argentina: Refrigerants Market Size, By Application, 2016–2023 (Kiloton)
    Table 133 Argentina: Refrigerants Market Size, By Application, 2016–2023 (USD Million)
    Table 134 Agreement (2016–2013)
    Table 135 New Product Launch (2018–2013)
    Table 136 Expansion (2017–2013)
    Table 137 Merger & Acquisition (2015)


    List of Figures (36 Figures)

    Figure 1 Refrigerants Market Segmentation
    Figure 2 Refrigerants Market: Research Design
    Figure 3 Market Size Estimation: Bottom-Up Approach
    Figure 4 Market Size Estimation: Top-Down Approach
    Figure 5 Refrigerants Market: Data Triangulation
    Figure 6 Ammonia Was the Largest Type in the Refrigerants Market in 2018
    Figure 7 Split Ac to Be the Largest Application During the Forecast Period
    Figure 8 APAC Accounted for the Largest Share of the Refrigerants Market
    Figure 9 US Was the Largest Market for Refrigerants in 2018
    Figure 10 Rising Application Areas Offer Opportunities for the Refrigerants Market to Grow
    Figure 11 APAC to Be the Fastest-Growing Market During the Forecast Period
    Figure 12 Ammonia Accounted for the Largest Share in the APAC Refrigerants Market in 2018
    Figure 13 India to Be the Fastest-Growing Market of Refrigerants
    Figure 14 Air-Conditioning Was the Largest Application Segment of the Market
    Figure 15 Drivers, Restraints, and Opportunities in the Refrigerants Market
    Figure 16 Refrigerants Market: Porter’s Five Forces Analysis
    Figure 17 APAC Refrigerants Market: Snapshot
    Figure 18 Europe Refrigerants Market: Snapshot
    Figure 19 Refrigerants Market (Tier 1) Competitive Leadership Mapping, 2018
    Figure 20 Refrigerants Market (Start-Up/SMSE) Competitive Leadership Mapping, 2018
    Figure 21 Market Share of Top Players in Refrigerants Market, 2017
    Figure 22 Arkema SA: Company Snapshot
    Figure 23 Arkema SA: SWOT Analysis
    Figure 24 Dongyue Group Co. Ltd: Company Snapshot
    Figure 25 Dongyue Group Co. Ltd: SWOT Analysis
    Figure 26 Honeywell International Inc.: Company Snapshot
    Figure 27 Honeywell International Inc.: SWOT Analysis
    Figure 28 The Chemours Company: Company Snapshot
    Figure 29 The Chemours Company: SWOT Analysis
    Figure 30 The Linde Group: Company Snapshot
    Figure 31 The Linde Group: SWOT Analysis
    Figure 32 Air Liquide: Company Snapshot
    Figure 33 Sinochem Group: Company Snapshot
    Figure 34 Daikin Industries Ltd.: Company Snapshot
    Figure 35 Mexichem: Company Snapshot
    Figure 36 Asahi Glass Corporation: Company Snapshot

    To get more details on this report, request sample

    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. 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.

    Refrigerant Market

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

    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)
    Report Code
    CH 1536
    Published ON
    Feb, 2019
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