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Published on: Jan 2021 | From USD $2900 | Published By: KONCEPT ANALYTICS | Number Of Pages: 124
The global refrigerant market is expected to record a value of US$19.57 billion in 2024, increasing at a CAGR of 5.20%, for the duration spanning 2020-2024. The factors such as increasing sales of refrigerators, growing production of motor vehicles, rising demand for commercial air conditioners, growing adoption of portable fire extinguishers1 and increased industrialization in emerging economies would drive growth of the market. However, the market growth would be challenged by illegal trade of refrigerants, safety drawbacks of refrigerants and stringent regulations against fluorocarbon refrigerants. A few notable trends may include increasing use of dehumidifiers, accelerating R&D spending in energy sector, rising demand for natural refrigerants and use of IoT-enabled refrigeration solutions for equipment monitoring.
The global refrigerant market is fragmented, on the basis of product type, into fluorocarbon, hydrocarbon, inorganic and others. The market is dominated by fluorocarbon refrigerants due to their increased demand for the production of AC and refrigerator units, because of their advantages of stability, non-flammability and low toxicity. Further, the market share of hydrocarbon refrigerants is also growing at a considerable pace, which is providing a lucrative growth opportunity to the global refrigerant market.
The fastest regional market is Asia Pacific, due to the heavy consumption as well as production of refrigerant gases in China. China has been one of the top suppliers of raw materials to most of the countries, resulting in the increased export of refrigerants to the countries like India and the U.S., which led to the overall growth of the refrigerants market. Further, the sudden outbreak of the COVID-19 pandemic is resulting in economic disruption all along with the temporary suspension of the industrial as well as commercial activities, which is likely to cause a decline in the global refrigerant market in the initial phase of the forecasted period.
Scope of the report:
The report provides a comprehensive analysis of the global refrigerants market.
The major regional markets (Asia Pacific, North America, Europe and ROW, along with the country coverage of India and the U.S.) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players Honeywell Daikin Industries, Arkema, Orbia, The Chemours Company and Dongyue Group) are also presented in detail.
Key Target Audience:
Refrigerants Manufacturers
Raw Material Suppliers
Potential Audience (Air Conditioner & Refrigerator Manufacturers, Automobile Manufacturers and Others)
Investment Banks
Government Bodies & Regulating Authorities
1. Market Overview
1.1 An Introduction
1.2 Properties of Refrigerants
1.3 Types of Refrigerants
1.4 Generations of Refrigerants
1.5 Natural Refrigerants Properties
2. Impact of COVID-19
2.1 Decline in Sales of Passenger Cars
2.2 Decline in the International Trade
2.3 Impact on Chemical Industry
2.4 Impact on HVACR Industry
3. Global Market Analysis
3.1 Global Refrigerant Market by Value
3.2 Global Refrigerant Market Forecast by Value
3.3 Global Refrigerant Market by Product Type
3.3.1 Global Fluorocarbon Refrigerants Market by Value
3.3.2 Global Fluorocarbon Refrigerants Market Forecast by Value
3.3.3 Global Hydrocarbon Refrigerants Market by Value
3.3.4 Global Hydrocarbon Refrigerants Market Forecast by Value
3.3.5 Global Inorganic Refrigerants Market by Value
3.3.6 Global Inorganic Refrigerants Market Forecast by Value
3.4 Global Refrigerant Market by Application
3.4.1 Global Air-conditioning Systems Refrigerants Market by Value
3.4.2 Global Air-conditioning Systems Refrigerants Market Forecast by Value
3.4.3 Global Refrigeration Systems Refrigerants Market by Value
3.4.4 Global Refrigeration Systems Refrigerants Market Forecast by Value
3.5 Global Refrigerant Market by Regions
4. Regional Market Analysis
4.1 Asia Pacific
4.1.1 Asia Pacific Refrigerants Market by Value
4.1.2 Asia Pacific Refrigerants Market Forecast by Value
4.1.3 India Refrigerant Import by Value
4.1.4 India Refrigerant Import Forecast by Value
4.1.5 India Refrigerant Import Value by Product Type
4.1.6 India HCC-40 Refrigerant Import by Value
4.1.7 India HCC-40 Refrigerant Import Forecast by Value
4.1.8 India HFC Refrigerant Import by Value
4.1.9 India HFC Refrigerant Import Forecast by Value
4.1.10 India Refrigerant Import Value by Regions
4.1.11 China to India Refrigerant Import by Value
4.1.12 China to India Refrigerant Import Forecast by Value
4.1.13 The U.S. to India Refrigerant Import by Value
4.1.14 The U.S. to India Refrigerant Import Forecast by Value
4.1.15 Japan to India Refrigerant Import Value
4.1.16 Japan to India Refrigerant Import Forecast by Value
4.1.17 South Korea to India Refrigerant Import by Value
4.1.18 South Korea to India Refrigerant Import Forecast by Value
4.2 North America
4.2.1 North America Refrigerant Market by Value
4.2.2 North America Refrigerant Market Forecast by Value
4.2.3 The U.S. HFC Refrigerant Import by Volume and Value
4.2.4 The U.S. HFC Refrigerant Import Forecast by Volume and Value
4.2.5 The U.S. HFC Refrigerant Import Volume by Regions
4.2.6 China to The U.S. HFC Refrigerant Import by Volume
4.2.7 Japan to The U.S. HFC Refrigerant Import Volume
4.2.8 India to The U.S. HFC Refrigerant Import Volume
4.3 Europe
4.3.1 Europe Refrigerant Market by Value
4.3.2 Europe Refrigerant Market Forecast by Value
4.4 ROW
4.4.1 ROW Refrigerant Market by Value
4.4.2 ROW Refrigerant Market Forecast by Value
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Sales of Refrigerators
5.1.2 Growing Production of Motor Vehicles
5.1.3 Escalating Cold Chain Market
5.1.4 Rising Demand for Commercial Air Conditioners
5.1.5 Growing Adoption of Portable Fire Extinguisher
5.2.6 Increased Industrialization in Emerging Economies
5.2 Key Trends and Developments
5.2.1 Increasing Use of Dehumidifiers
5.2.2 Accelerating R&D Spending in Energy Sector
5.2.3 Growing Demand for Natural Refrigerants
5.3.4 Use of IoT-Enabled Refrigeration Solutions For Equipment Monitoring
5.3 Challenges
5.3.1 Illegal Trade of Refrigerants
5.3.2 Safety Drawbacks of Refrigerants
5.3.3 Stringent Regulations Against Fluorocarbon Refrigerants
6. Competitive Landscape
6.1 Global Market
6.1.1 Key Players Revenue Comparison
6.1.2 Key Players Market Cap Comparison
7. Company Profiles
7.1 Honeywell
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 Daikin Industries
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Dongyue Group
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Arkema
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 Orbia
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 The Chemours Company
7.6.1 Business Overview
7.6.2 Financial Overview
7.6.3 Business Strategies
List of Figures
Generations of Refrigerants
New Passenger Cars Sales in China, The U.S. and European Union (2019/2020)
Global Merchandise Trade Volume (2018-2021)
Global Refrigerant Market by Value (2015-2019)
Global Refrigerant Market Forecast by Value (2020-2024)
Global Refrigerant Market by Product Type (2019)
Global Fluorocarbon Refrigerants Market by Value (2015-2019)
Global Fluorocarbon Refrigerants Market Forecast by Value (2020-2024)
Global Hydrocarbon Refrigerants Market by Value (2015-2019)
Global Hydrocarbon Refrigerants Market Forecast by Value (2020-2024)
Global Inorganic Refrigerants Market by Value (2015-2019)
Global Inorganic Refrigerants Market Forecast by Value (2020-2024)
Global Refrigerant Market by Application (2019)
Global Air-conditioning Systems Refrigerants Market by Value (2015-2019)
Global Air-conditioning Systems Refrigerants Market Forecast by Value (2020-2024)
Global Refrigeration Systems Refrigerants Market by Value (2015-2019)
Global Refrigeration Systems Refrigerants Market Forecast by Value (2020-2024)
Global Refrigerant Market by Regions (2019)
Asia Pacific Refrigerants Market by Value (2015-2019)
Asia Pacific Refrigerants Market Forecast by Value (2020-2024)
India Refrigerant Import by Value (2015-2019)
India Refrigerant Import Forecast by Value (2020-2024)
India Refrigerant Import Value by Product Type (2019)
India HCC-40 Refrigerant Import by Value (2015-2019)
India HCC-40 Refrigerant Import Forecast by Value (2020-2024)
India HFC Refrigerant Import by Value (2015-2019)
India HFC Refrigerant Import Forecast by Value(2020-2024)
India Refrigerant Import Value by Regions (2019)
China to India Refrigerant Import by Value (2015-2019)
China to India Refrigerant Import Forecast by Value (2020-2024)
The U.S. to India Refrigerant Import by Value (2015-2019)
The U.S. to India Refrigerant Import Forecast by Value (2020-2024)
Japan to India Refrigerant Import Value (2015-2019)
Japan to India Refrigerant Import Forecast by Value (2020-2024)
South Korea to India Refrigerant Import by Value (2015-2019)
South Korea to India Refrigerant Import Forecast by Value (2020-2024)
North America Refrigerant Market by Value (2015-2019)
North America Refrigerant Market Forecast by Value (2020-2024)
The U.S. HFC Refrigerant Import by Volume and Value (2015-2019)
The U.S. HFC Refrigerant Import Forecast by Volume and Value (2020-2024)
U.S. HFC Refrigerant Import Volume by Regions (2019)
The U.S. HFC Refrigerant Import Volume by China (2015-2019)
Japan to The U.S. HFC Refrigerant Import Volume (2015-2019)
India to The U.S. HFC Refrigerant Import Volume(2015-2019)
Europe Refrigerant Market by Value (2015-2019)
Europe Refrigerant Market Forecast by Value (2020-2024)
ROW Refrigerant Market by Value (2015-2019)
ROW Refrigerant Market Forecast by Value (2020-2024)
Global Refrigerator Sales Volume (2015-2019)
Motor Vehicles Production by Regions (2019)
Global Cold Chain Market (2015-2019)
Global Commercial Air Conditioner Demand (2015-2019)
Global Portable Fire Extinguisher Market (2015-2019)
The U.S. Dehumidifiers Total Shipment Units (2015-2019)
Global Corporate R&D Spending in Energy Sector (2015-2019)
Honeywell Net Sales and Net Income (2015-2019)
Honeywell Net Sales by Segments (2019)
Honeywell Net Sales by Regions (2019)
Daikin Industries Net Sales and Net Income (2016-2020)
Daikin Industries Net Sales by Segment (2020)
Daikin Industries Net Sales by Regions (2020)
Dongyue Group Revenue and Profit (Loss) (2015-2019)
Dongyue Group Revenue by Segments (2019)
Dongyue Group Revenue by Regions (2019)
Arkema Revenue and Net Income (2015-2019)
Arkema Revenue by Segments (2019)
Arkema Revenue by Regions (2019)
Orbia Revenue and Net Income(2015-2019)
Orbia Revenue by Market (2019)
Orbia Revenue by Regions (2019)
The Chemours Company Net Sales and Net Loss/Income(2015-2019)
The Chemours Company Net Sales by Market (2019)
The Chemours Company Net Sales by Regions (2019)
List of Tables
Properties of Refrigerants
Types of Refrigerants
Natural Refrigerants Properties
Key Players Revenue Comparison (2019/2020)
Key Players Market Cap Comparison (2020)
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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