The Refrigerants Global Market Report 2023 by The Business Research Company, provides refrigerants market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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The refrigerants market is anticipated to experience growth in the coming years, driven by the increasing demand for air conditioning. Global temperature rises, as reported by the World Meteorological Organization, with a 1.2 °C increase in 2020 compared to pre-industrial era temperatures (1880), have spurred a heightened need for cooling systems. Air conditioning systems, containing chemical compounds known as refrigerants, play a crucial role in absorbing heat from the surroundings and releasing cool air through air conditioners and evaporators. Projections by the International Energy Agency estimate that by 2050, about two-thirds of households globally will have air conditioning, with developing economies like India, China, and Indonesia accounting for half of the total air conditioners. The escalating global temperatures, coupled with the expanding demand for air conditioning, are expected to drive the refrigerants market.
The refrigerants market is also witnessing growth influenced by technological advancements. Key players in the refrigerants sector are actively engaged in developing technological solutions to enhance their market positions. For example, in February 2020, Honeywell, a US-based technology company, launched Solstice N15 (R-515B), a non-flammable refrigerant based on HVAC technology. This novel refrigerant boasts a low global warming potential (GWP) and is designed for use in chillers and heat pumps. The introduction of such advanced solutions reflects the ongoing efforts to meet environmental and efficiency standards in the refrigerants market.
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The refrigerants market is segmented:
1) By Type: Halocarbons, Azeotropic, Zeotropic, Inorganic Refrigerants, Hydrocarbons, Other Types
2) By Application: Air Conditioners, Refrigerators, Chillers, Heat Pumps, Electronics Devices, Other Applications
Top Major Players
Arkema SA,
Dongyue Group Co Ltd.,
Honeywell International Inc.,
The Chemours Company,
Daikin Industries
The refrigerants market report table of contents includes:
- Executive Summary
- Refrigerants Market Characteristics
- Refrigerants Market Trends And Strategies
- Refrigerants Market – Macro Economic Scenario
- Refrigerants Market Size And Growth
- Refrigerants Market Segmentation
- Refrigerants Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Refrigerants Market
- Refrigerants Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Refrigerants Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
Table 4: Global Refrigerants Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
Table 5: Global Refrigerants Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
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Table 45: Arkema SA Financial Performance
Table 46: Dongyue Group Co Ltd Financial Performance
Table 47: Honeywell International Inc Financial Performance
Table 48: The Chemours Company Financial Performance
Table 49: Daikin Industries Financial Performance
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