Refrigerant Market Values

The Refrigerant Market was valued at USD 33.52 billion in 2023 and is expected to experience significant growth over the coming years. The market is projected to reach approximately USD 57.11 billion by 2030, driven by a compound annual growth rate (CAGR) of 7.7% from 2024 to 2030. This growth is fueled by the increasing demand for refrigeration and air conditioning systems across various industries, including residential, commercial, and industrial sectors. Additionally, regulatory changes aimed at reducing the environmental impact of refrigerants and advancements in technology, such as the development of more sustainable and efficient refrigerant options, are further contributing to the market's expansion. As the global focus on climate change and energy efficiency intensifies, the refrigerant industry is set to evolve, with new innovations and solutions driving its future growth.

Refrigerant Market Overview

Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated " Refrigerant Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Refrigerant market and its component manufacturers over the next decade.

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Refrigerant Market Scope

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Refrigerant market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Refrigerant market are examined in the report.

Refrigerant  Market Segmentation

by Type

HCFCs
HFCs
Propane
Ammonia
Carbon dioxide

The refrigerant market is divided into categories based on type, including carbon dioxide, ammonia, propane, HCFCs, HFCs, and HFOs. Due to rising demand in Asia-Pacific and lower carbon dioxide emissions, the ammonia category is now leading the market. The supermarket markets with the greatest rates of growth and the highest need for ammonia refrigerants are China, India, and Indonesia.
by Application

Domestic
Commercial
Air conditioners system
Industrial refrigerators
Chiller/ heat pumps

The Refrigerant Market is divided into segments based on Application, such as Commercial, Industrial refrigeration, Chillers/Heat Pumps, Air Conditioner Systems, and Domestic. With 34.1% of the market in 2023, the air conditioner system segment has dominated the industry. Global population growth and an increase in nuclear families with discretionary income are blamed for the segment's expansion. Middle-class families' incomes are rising along with their standard of living, making ACs reasonable given their different income levels. The sector is being driven by all of these reasons, and growth is anticipated during the projected period.
by Refrigerant Product

Fluorocarbon
Hydrocarbon
Inorganic
Others

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Refrigerant  Market Key Players

1. Daikin Industries, Ltd.
2. The Chemours Company
3. Honeywell International Inc.
4. Arkema S.A.
5. Dongyue Group Co. Ltd.
6. Asahi Glass Co. Ltd.
7. Sinochem Group
8. Mexichem S.A.B. de C.V.
9. The Linde Group
10.SRF Limited
11.DownDuPont Inc.
12.Messer Group
13.Navin Fluorine International Ltd.

Table of content for the  Refrigerant  Market includes: 

Part 01: Executive Summary

Part 02: Scope of the Refrigerant Market Report

Part 03: Refrigerant Market Landscape

Part 04: Refrigerant Market Sizing

Part 05: Refrigerant Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Analysis

The Refrigerant market report comprises an extensive analysis of the Refrigerant industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.

Key Questions answered in the Refrigerant Market Report are:

  • What is Refrigerant Market?
  • What is the forecast period of the Refrigerant Market?
  • What is the competitive scenario of the Refrigerant market?
  • Which region held the largest market share in the Refrigerant Market?
  • What are the opportunities for the Refrigerant Market?
  • What are the restraining factors in the Refrigerant market?
  • Who are the key players of the Refrigerant market?

Key offerings:

  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Refrigerant
  • Landscape- Leading key players and other prominent key players.

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