The global demand for Fluorocarbon Refrigerant Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Fluorocarbon refrigerants are defined as liquid or gaseous halocarbon compounds in which fluorine replaces some or all hydrogen atoms. Fluorocarbon refrigerants are used as aerosol propellants, refrigerants, solvents, and lubricants and in making plastics and resins. Fluorocarbon refrigerants are classified based on their chemical composition, such as Chlorofluorocarbons, Hydrochlorofluorocarbon, and Hydrofluorocarbon. CFCs are fluorocarbon refrigerants that contain chlorine. Examples are R11, R12 and R115. The HCFCs contain less chlorine than CFCs. Examples include R22, R123, and R124.
Market Dynamics
Fluorocarbons refrigerants have dominated the market because of the increasing demand for hydrofluorocarbons which accounts for the highest market share. HFCs are widely used in air conditioning applications as they are less toxic to the atmosphere in comparison to other fluorocarbon refrigerants. The factors driving the robust growth of fluorocarbon refrigerants are increasing demand for home appliances such as refrigeration, cold chain market, air conditioning equipment, etc. Well-planned retail framework & growth in the food processing industry are the chief aspects leading to the demand for these refrigerants. The global market for fluorocarbon refrigerants is flourishing due to its various applications such as refrigeration systems, air conditioning, & chillers. The growing industrial use, rising consumer income, increased urbanization, and changing lifestyles are other factors flourishing the market growth of fluorocarbon refrigerants.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fluorocarbon refrigerant. The growth and trends of fluorocarbon refrigerant industry provide a holistic approach to this study.
Market Segmentation
This section of the fluorocarbon refrigerant market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type- Hydrochlorofluoro Carbons (HCFCs)
- Hydrofluoro Carbons (HFCs)
- Hydrofluoro Olefins
By Application- Refrigerators
- Chillers
- Air Conditioners
- Heat Pumps
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Fluorocarbon Refrigerant market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Fluorocarbon Refrigerant Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fluorocarbon refrigerant market include Arkema SA, Dongyue Group Co. Ltd., Honeywell International Inc., The Chemours Company, Linde Group, Daikin Industries Limited, Mexichem S.A.B. De C.V., Sinochem Corporation, Asahi Glass Co. Ltd. (AGC), SRF Limited, Air Liquide (Airgas Refrigerants Inc.), Changsu 3f Fluorochemical Industry Co Ltd, Gujarat Fluorochemicals Ltd, Daikin Industries Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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