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Refrigerants Trends and Forecast
The future of the global refrigerants market looks promising with opportunities in the refrigeration system, chillers, air conditioning system, and MAC markets. The global refrigerants market is expected to reach an estimated $29.1 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are market will be driven by the increasing demand for consumer appliances, rising demand for natural and environment-friendly refrigerants, and growing demand from pharmaceutical and transportation industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Refrigerants by Segment
The study includes a forecast for the global refrigerants by type, application, and region.
Refrigerants Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• HFC
• HFO
• Isobutane
• Propane
• Ammonia
• Carbon Dioxide
• Others
Refrigerants Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Refrigeration Systems
• Chillers
• Air Conditioning Systems
• MAC
Refrigerants Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Refrigerants Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies refrigerants companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the refrigerants companies profiled in this report include-
• Arkema
• Daikin
• Honeywell International
• The Chemours Company
• Linde
• Air Liquide
Refrigerants Market Insights
Lucintel forecasts that HFC will remain the largest segment over the forecast period due to its increasing application in air conditioners, chillers, heat pumps, and refrigerators.
Within this market, refrigeration system will remain the largest segment.
APAC is expected to witness highest growth over the forecast period due rapid urbanization, increasing disposable income, and growing consumption of refrigeration and AC equipment in commercial buildings and supermarkets in the region.
Features of the Global Refrigerants Market
Market Size Estimates: Refrigerants market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Refrigerants market size by type, application, and region in terms of value ($B).
Regional Analysis: Refrigerants market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the refrigerants market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the refrigerants market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the refrigerants market size?
Answer: The global refrigerants market is expected to reach an estimated $29.1 billion by 2030.
Q.2 What is the growth forecast for refrigerants market?
Answer: The global refrigerants market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the refrigerants market?
Answer: The major drivers for this market are market will be driven by the increasing demand for consumer appliances, rising demand for natural and environment-friendly refrigerants, and growing demand from pharmaceutical and transportation industries.
Q4. What are the major segments for refrigerants market?
Answer: The future of the global refrigerants market looks promising with opportunities in the refrigeration system, chillers, air conditioning system, and MAC markets.
Q5. Who are the key refrigerants market companies?
Answer: Some of the key refrigerants companies are as follows:
• Arkema
• Daikin
• Honeywell International
• The Chemours Company
• Linde
• Air Liquide
Q6. Which refrigerants market segment will be the largest in future?
Answer: Lucintel forecasts that HFC will remain the largest segment over the forecast period due to its increasing application in air conditioners, chillers, heat pumps, and refrigerators.
Q7. In refrigerants market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due rapid urbanization, increasing disposable income, and growing consumption of refrigeration and AC equipment in commercial buildings and supermarkets in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the refrigerants market by type (HFC, HFO, isobutane, propane, ammonia, carbon dioxide, and others), application (refrigeration system, chillers, air conditioning systems, and MAC), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Refrigerants Market, Refrigerants Market Size, Refrigerants Market Growth, Refrigerants Market Analysis, Refrigerants Market Report, Refrigerants Market Share, Refrigerants Market Trends, Refrigerants Market Forecast, Refrigerants Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Refrigerants Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Refrigerants Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Refrigerants Market by Type
3.3.1: HFC
3.3.2: HFO
3.3.3: Isobutane
3.3.4: Propane
3.3.5: Ammonia
3.3.6: Carbon Dioxide
3.3.7: Others
3.4: Global Refrigerants Market by Application
3.4.1: Refrigeration Systems
3.4.2: Chillers
3.4.3: Air Conditioning Systems
3.4.4: MAC
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Refrigerants Market by Region
4.2: North American Refrigerants Market
4.2.2: North American Refrigerants Market by Application: Refrigeration System, Chillers, Air Conditioning Systems, and MAC
4.3: European Refrigerants Market
4.3.1: European Refrigerants Market by Type: HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and Others
4.3.2: European Refrigerants Market by Application: Refrigeration System, Chillers, Air Conditioning Systems, and MAC
4.4: APAC Refrigerants Market
4.4.1: APAC Refrigerants Market by Type: HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and Others
4.4.2: APAC Refrigerants Market by Application: Refrigeration System, Chillers, Air Conditioning Systems, and MAC
4.5: ROW Refrigerants Market
4.5.1: ROW Refrigerants Market by Type: HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and Others
4.5.2: ROW Refrigerants Market by Application: Refrigeration System, Chillers, Air Conditioning Systems, and MAC
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Refrigerants Market by Type
6.1.2: Growth Opportunities for the Global Refrigerants Market by Application
6.1.3: Growth Opportunities for the Global Refrigerants Market by Region
6.2: Emerging Trends in the Global Refrigerants Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Refrigerants Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Refrigerants Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Arkema
7.2: Daikin
7.3: Honeywell International
7.4: The Chemours Company
7.5: Linde
7.6: Air Liquide
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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