Global Refrigerant Market Report By Product (Fluorocarbon, Hydrocarbon, Inorganic, And Others), Application (Industrial Refrigeration, Domestic refrigeration, Transport Refrigeration, Commercial Refrigeration, Stationary Air Conditioning, Chillers & Heat Pumps, And Mobile Air Conditioning) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026

ID:VMR11210054
January 2020
Report Formats:

Rapid industrialization followed by surging demand in the automobile sector, especially passenger cars in emerging economies is likely to fuel the refrigerant market. Improved in the standard of living, rising disposable income and rising trend of nuclear families with dual income are the drivers boosting the market growth. An ability of refrigerant to carry heat within HVAC unit through phase transition has increased its application in refrigeration and air conditioning systems.

As per Value Market Research, Refrigerant Market is expected to be worth USD 20.18 BN by 2024 with a CAGR of 4.9%.
 
FLUOROCARBON DOMINATED THE REFRIGERANT TYPE SEGMENT
In 2017, Fluorocarbon is the leading refrigerant type owing to energy efficient and less flammable. Wide application areas of refrigerant in commercial air conditioning systems & refrigeration are likely to fuel the market growth in forecasting period. Growing demand for frozen food & chilled beverages has contributed to the growth of the fluorocarbon refrigerant market. However, Montreal Protocol mandated to phase-out use of fluorocarbon as a refrigerant due to the potential of ozone layer depletion. However, inorganic refrigerants are the fastest growing segment owing to non-toxic, better thermal efficiency, inflammable, environment-friendly and cheap.
 
REFRIGERATION TO GAIN MAXIMUM SHARE BY APPLICATION
Refrigeration has dominated the application segment in 2017, owing to growth in automobile, consumer durable and food & beverage sector. Refrigeration segment is expected to reach USD 13,436.5 MN by 2024. Increasing demand for the domestic air-cooling system due to the rising disposable income of the population from developed countries is fueling the market growth. Whereas, air conditioning has also widened its application areas in automotive on account of inclination of customers toward high comfort in luxury vehicles and rising global demand for mobile air conditioning solutions.
 
ASIA PACIFIC TO LEAD THE REGIONAL MARKET
In 2017, Asia Pacific is the regional leader for refrigerant market owing to rapid industrialization, high disposable income coupled with a better lifestyle is boosting the market growth. Owing to global warming, rising need of cooling systems coupled with booming economies of countries such as India & China is presumed to foster the refrigerant demand in forecasting period. 

KEY PLAYER OF THE REFRIGERANT MARKET
Major players of the refrigerant market are Daikin Industries Ltd., SRF Ltd., Honeywell International, Arkema SA, Mexichem Fluor S.A. de C.V., Dongyue Group, E.I. du Pont de Nemours & Co., Navin Fluorine International Ltd. Increasing R&D for non-flammable with low global warming potential refrigerant by Honeywell International & others will propel the market growth.

As per this study the global refrigerant market was valued at USD XX.XX BN (by revenue) in 2019 and is anticipated to reach USD XX.XX BN by 2026 with a CAGR of X.X%. By volume, the market was estimated at XX.X KT in 2019 and is expected to reach XX.X KT by 2026 with a CAGR of X.X%.
 
A refrigerant is a fluid or a mixture which is used to carry heat in heating, ventilation, and air conditioning (HVAC) unit. They operate in the refrigeration cycle and undergo the phase transition from liquid to a gaseous state and then back to liquid. This change in refrigerant’s phase is brought by compressor and condenser units of a refrigeration system.
 
Refrigerants should have some favorable thermodynamic properties to ease their functionality in the refrigeration system. It should be non-corrosive to metals and other mechanical components; it should be non-toxic, non-flammable and should not cause damage to the ozone layer. Apart from these environmental properties of a refrigerant, its thermodynamic and thermo-physical properties like the latent heat of vaporization, specific heat, etc. are also considered, during its selection process.
 
Market Dynamics
 
Key factors driving the industry growth include the rise in nuclear families; increasing disposable income, improved in the standard of living and dual income families. In India, rapid industrialization followed by infrastructural developments along with the increasing number of passenger fuels worldwide has created new opportunities and gateways for OEM. However, few fluorochemicals, such as chlorofluorocarbons (CFCs) and bromofluorocarbons (BFCs) used majorly in refrigerants, are hazardous to the environment and cause depletion of the ozone layer. Therefore, adverse effects of CFCs and BFCs on the environment is likely to hamper the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of refrigerant.
 
Market Segmentation
 
The broad refrigerant market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Type Market Share 2019
 

 
By Type

  • Fluorocarbons (Hydro Chlorofluorocarbons (HCFC), Hydro Fluorocarbon (HFC)
  • Hydrocarbons (HC) (Propane, n-butane and Isobutane)
  • Inorganics (Ammonia, Carbon Dioxide)
  • Others (Dimethyl Ether (DME) and Methyl Ethyl Ether)
 
By Application
  • Refrigeration
    • Domestic Refrigeration
    • Commercial Refrigeration
    • Transportation Refrigeration
    • Industrial Refrigeration
  • Air conditioning (AC)
    • Stationary Air Conditioning
    • Chillers
    • Mobile Air Conditioning
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for refrigerant in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Refrigerant Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the refrigerant market includes Daikin Industries Ltd., SRF Ltd., Honeywell International, Arkema SA, Mexichem Fluor S.A. de C.V., Dongyue Group, E.I. du Pont de Nemours & Co., Navin Fluorine International Ltd. and Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Refrigerants Market
       2.2. Global Refrigerants Market Snapshot
 
3 . REFRIGERANTS – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Refrigerants Market
       3.3. Market Restraints of Refrigerants Market
       3.4. Opportunities of Refrigerants Market
       3.5. Trends of Refrigerants Market
       3.6. Porter’s Five Force Analysis of Refrigerants Market
       3.7. Refrigerants Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Type
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Refrigerants Value Chain Analysis
       4.2. Refrigerants Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Refrigerants Raw Material Manufactures List
           4.2.3. Price Trend of Refrigerants Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . GLOBAL REFRIGERANTS MARKET ANALYSIS BY TYPE
       5.1 Overview by Type
       5.2 Global Refrigerants Market Analysis by Type
       5.3 Market Analysis of Fluorocarbons (Hydro Chlorofluorocarbons (HCFC), Hydro Fluorocarbon (HFC) by Regions
       5.4 Market Analysis of Hydrocarbons (HC) (Propane, n-butane and Isobutane) by Regions
       5.5 Market Analysis of Inorganics (Ammonia, Carbon Dioxide) by Regions
       5.6 Market Analysis of Others (Dimethyl Ether (DME) and Methyl Ethyl Ether) by Regions
 
6 . GLOBAL REFRIGERANTS MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Refrigerants Market Analysis by Application
       6.3 Market Analysis of Refrigeration by Regions
       6.4 Market Analysis of Air conditioning (AC) by Regions
 
7 . GLOBAL REFRIGERANTS MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview
           7.3.2. North America Refrigerants Market Estimate by Market Segment
           7.3.3. North America Refrigerants Market Estimate by Country
           7.3.4. United State
           7.3.5. Rest of North America
       7.4. Europe
           7.4.1. Overview
           7.4.2. Europe Refrigerants Market Estimate by Market Segment
           7.4.3. Europe Refrigerants Market Estimate by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7 Rest of Europe
       7.5. Asia Pacific
           7.5.1. Overview
           7.5.2. Asia Pacific Refrigerants Market Estimate by Market Segment
           7.5.3. Asia Pacific Refrigerants Market Estimate by Country
           7.5.4. China
           7.5.5. Japan
           7.5.6. India
           7.5.7. Rest of Asia Pacific
       7.6. Latin America
           7.6.1. Overview
           7.6.2. Latin America Refrigerants Market Estimate by Market Segment
           7.6.3. Latin America Refrigerants Market Estimate by Country
           7.6.4. Brazil
           7.6.5. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview
           7.7.2. Middle East & Africa Refrigerants Market Estimate by Market Segment
           7.7.3. Middle East & Africa Refrigerants Market Estimate by Country
           7.7.4. Middle East
           7.7.5. Africa
 
8 . COMPETITIVE LANDSCAPE OF THE REFRIGERANTS COMPANIES
       8.1. Refrigerants Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF REFRIGERANTS INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Daikin Industries Ltd.
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. SRF Ltd.
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Honeywell International
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Arkema SA
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. Mexichem Fluor S.A. de C.V.
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Dongyue Group
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. E.I. du Pont de Nemours & Co.
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. Navin Fluorine International Ltd. and Others
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
 
 10.  IMPACT ANALYSIS OF COVID-19 OUTBREAK
       10.1. Impact Analysis of Covid-19 Outbreak on the Market
           10.1.1. Direct Impact on Production
           10.1.2. Supply Chain and Market Disruption
           10.1.3. Financial Impact on Firms and Financial Markets
       10.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       10.3. Pre V/S Post COVID-19 Market
       10.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Market Size in 2020, by Scenario
       10.5. COVID-19: Micro and Macro Factor Analysis on the Market
    
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES

  •  Global Market Snapshot
  •  Drivers of the Global Market Impact Analysis
  •  Restraints of the Global Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers 
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19 Market
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The Market Size In 2020, By Scenario
  •  COVID-19: Micro and Macro Factor Analysis on the Market
  •  Global Refrigerants Market Analysis by Type (Kilo Tons)
  •  Global Refrigerants Market Analysis by Type (USD MN)
  •  Global Refrigerants Market Analysis in Fluorocarbons (Hydro Chlorofluorocarbons (HCFC), Hydro Fluorocarbon (HFC) by Geography (Kilo Tons)
  •  Global Refrigerants Market Analysis in Fluorocarbons (Hydro Chlorofluorocarbons (HCFC), Hydro Fluorocarbon (HFC) by Geography (USD MN)
  •  Global Refrigerants Market Analysis in Hydrocarbons (HC) (Propane, n-butane and Isobutane) by Geography (Kilo Tons)
  •  Global Refrigerants Market Analysis in Hydrocarbons (HC) (Propane, n-butane and Isobutane) by Geography (USD MN)
  •  Global Refrigerants Market Analysis in Inorganics (Ammonia, Carbon Dioxide) by Geography (Kilo Tons)
  •  Global Refrigerants Market Analysis in Inorganics (Ammonia, Carbon Dioxide) by Geography (USD MN)
  •  Global Refrigerants Market Analysis in Others (Dimethyl Ether (DME) and Methyl Ethyl Ether) by Geography (Kilo Tons)
  •  Global Refrigerants Market Analysis in Others (Dimethyl Ether (DME) and Methyl Ethyl Ether) by Geography (USD MN)
  •  Global Refrigerants Market Analysis by Application (Kilo Tons)
  •  Global Refrigerants Market Analysis by Application (USD MN)
  •  Global Refrigerants Market Analysis in Refrigeration by Geography (Kilo Tons)
  •  Global Refrigerants Market Analysis in Refrigeration by Geography (USD MN)
  •  Global Refrigerants Market Analysis in Air conditioning (AC) by Geography (Kilo Tons)
  •  Global Refrigerants Market Analysis in Air conditioning (AC) by Geography (USD MN)
  •  Global Refrigerants Market by Geography (Kilo Tons)
  •  Global Refrigerants Market by Geography (USD MN)
  •  North America Refrigerants Market Analysis by Type (Kilo Tons)
  •  North America Refrigerants Market Analysis by Type (USD MN)
  •  North America Refrigerants Market Estimate by Application (Kilo Tons)
  •  North America Refrigerants Market Estimate by Application (USD MN)
  •  North America Refrigerants Market Estimate by Country (Kilo Tons)
  •  North America Refrigerants Market Estimate by Country (USD MN)
  •  United State Refrigerants Market Analysis by Type (Kilo Tons)
  •  United State Refrigerants Market Analysis by Type (USD MN)
  •  United State Refrigerants Market Estimate by Application (Kilo Tons)
  •  United State Refrigerants Market Estimate by Application (USD MN)
  •  Rest of North America Refrigerants Market Analysis by Type (Kilo Tons)
  •  Rest of North America Refrigerants Market Analysis by Type (USD MN)
  •  Rest of North America Refrigerants Market Estimate by Application (Kilo Tons)
  •  Rest of North America Refrigerants Market Estimate by Application (USD MN)
  •  Europe Refrigerants Market Analysis by Type (Kilo Tons)
  •  Europe Refrigerants Market Analysis by Type (USD MN)
  •  Europe Refrigerants Market Estimate by Application (Kilo Tons)
  •  Europe Refrigerants Market Estimate by Application (USD MN)
  •  Europe Refrigerants Market Estimate by Country (Kilo Tons)
  •  Europe Refrigerants Market Estimate by Country (USD MN)
  •  United Kingdom Refrigerants Market Analysis by Type (Kilo Tons)
  •  United Kingdom Refrigerants Market Analysis by Type (USD MN)
  •  United Kingdom Refrigerants Market Estimate by Application (Kilo Tons)
  •  United Kingdom Refrigerants Market Estimate by Application (USD MN)
  •  France Refrigerants Market Analysis by Type (Kilo Tons)
  •  France Refrigerants Market Analysis by Type (USD MN)
  •  France Refrigerants Market Estimate by Application (Kilo Tons)
  •  France Refrigerants Market Estimate by Application (USD MN)
  •  Germany Refrigerants Market Analysis by Type (Kilo Tons)
  •  Germany Refrigerants Market Analysis by Type (USD MN)
  •  Germany Refrigerants Market Estimate by Application (Kilo Tons)
  •  Germany Refrigerants Market Estimate by Application (USD MN)
  •  Rest of Europe Refrigerants Market Analysis by Type (Kilo Tons)
  •  Rest of Europe Refrigerants Market Analysis by Type (USD MN)
  •  Rest of Europe Refrigerants Market Estimate by Application (Kilo Tons)
  •  Rest of Europe Refrigerants Market Estimate by Application (USD MN)
  •  Asia Pacific Refrigerants Market Analysis by Type (Kilo Tons)
  •  Asia Pacific Refrigerants Market Analysis by Type (USD MN)
  •  Asia Pacific Refrigerants Market Estimate by Application (Kilo Tons)
  •  Asia Pacific Refrigerants Market Estimate by Application (USD MN)
  •  Asia Pacific Refrigerants Market Estimate by Country (Kilo Tons)
  •  Asia Pacific Refrigerants Market Estimate by Country (USD MN)
  •  China Refrigerants Market Analysis by Type (Kilo Tons)
  •  China Refrigerants Market Analysis by Type (USD MN)
  •  China Refrigerants Market Estimate by Application (Kilo Tons)
  •  China Refrigerants Market Estimate by Application (USD MN)
  •  Japan Refrigerants Market Analysis by Type (Kilo Tons)
  •  Japan Refrigerants Market Analysis by Type (USD MN)
  •  Japan Refrigerants Market Estimate by Application (Kilo Tons)
  •  Japan Refrigerants Market Estimate by Application (USD MN)
  •  India Refrigerants Market Analysis by Type (Kilo Tons)
  •  India Refrigerants Market Analysis by Type (USD MN)
  •  India Refrigerants Market Estimate by Application (Kilo Tons)
  •  India Refrigerants Market Estimate by Application (USD MN)
  •  Rest of Asia Pacific Refrigerants Market Analysis by Type (Kilo Tons)
  •  Rest of Asia Pacific Refrigerants Market Analysis by Type (USD MN)
  •  Rest of Asia Pacific Refrigerants Market Estimate by Application (Kilo Tons)
  •  Rest of Asia Pacific Refrigerants Market Estimate by Application (USD MN)
  •  Latin America Refrigerants Market Analysis by Type (Kilo Tons)
  •  Latin America Refrigerants Market Analysis by Type (USD MN)
  •  Latin America Refrigerants Market Estimate by Application (Kilo Tons)
  •  Latin America Refrigerants Market Estimate by Application (USD MN)
  •  Latin America Refrigerants Market Estimate by Country (Kilo Tons)
  •  Latin America Refrigerants Market Estimate by Country (USD MN)
  •  Brazil Refrigerants Market Analysis by Type (Kilo Tons)
  •  Brazil Refrigerants Market Analysis by Type (USD MN)
  •  Brazil Refrigerants Market Estimate by Application (Kilo Tons)
  •  Brazil Refrigerants Market Estimate by Application (USD MN)
  •  Rest of Latin America Refrigerants Market Analysis by Type (Kilo Tons)
  •  Rest of Latin America Refrigerants Market Analysis by Type (USD MN)
  •  Rest of Latin America Refrigerants Market Estimate by Application (Kilo Tons)
  •  Rest of Latin America Refrigerants Market Estimate by Application (USD MN)
  •  Middle East & Africa Refrigerants Market Analysis by Type (Kilo Tons)
  •  Middle East & Africa Refrigerants Market Analysis by Type (USD MN)
  •  Middle East & Africa Refrigerants Market Estimate by Application (Kilo Tons)
  •  Middle East & Africa Refrigerants Market Estimate by Application (USD MN)
  •  Middle East & Africa Refrigerants Market Estimate by Country (Kilo Tons)
  •  Middle East & Africa Refrigerants Market Estimate by Country (USD MN)
  •  Middle East Refrigerants Market Analysis by Type (Kilo Tons)
  •  Middle East Refrigerants Market Analysis by Type (USD MN)
  •  Middle East Refrigerants Market Estimate by Application (Kilo Tons)
  •  Middle East Refrigerants Market Estimate by Application (USD MN)
  •  Africa Refrigerants Market Analysis by Type (Kilo Tons)
  •  Africa Refrigerants Market Analysis by Type (USD MN)
  •  Africa Refrigerants Market Estimate by Application (Kilo Tons)
  •  Africa Refrigerants Market Estimate by Application (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
  •  Research Scope of Refrigerants Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Refrigerants Market Size, by Region (2019)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Refrigerants Market Analysis by Type
  •  Global Refrigerants Market Analysis in Fluorocarbons (Hydro Chlorofluorocarbons (HCFC), Hydro Fluorocarbon (HFC) by Region
  •  Global Refrigerants Market Analysis in Hydrocarbons (HC) (Propane, n-butane and Isobutane) by Region
  •  Global Refrigerants Market Analysis in Inorganics (Ammonia, Carbon Dioxide) by Region
  •  Global Refrigerants Market Analysis in Others (Dimethyl Ether (DME) and Methyl Ethyl Ether) by Region
  •  Global Refrigerants Market Analysis by Application
  •  Global Refrigerants Market Analysis in Refrigeration by Region
  •  Global Refrigerants Market Analysis in Air conditioning (AC) by Region
  •  Global Refrigerants Market by Volume And Revenue
  •  North America Refrigerants Market by Volume And Revenue
  •  Europe Refrigerants Market by Volume And Revenue
  •  Asia Pacific Refrigerants Market by Volume And Revenue
  •  Latin America Refrigerants Market by Volume And Revenue
  •  Middle East & Africa Refrigerants Market by Volume And Revenue
  •  Recent Development in Refrigerants Industry
  •  Company Market Share Analysis, 2019
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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