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Aerosol Refrigerants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global aerosol refrigerants market reached a value of US$ 1.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.44 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Refrigerants refer to a chemical combination of various working fluids, gasses, and fine solid particles, including aerosol, which are evenly distributed for functioning as a cooling agent in the refrigeration cycles and heat pumps. They are cost-effective, non-toxic, and non-flammable in nature, due to which they are extensively used in refrigerators, air conditioning systems, and chillers for maintaining optimum temperature. On account of these properties, aerosol refrigerants are employed in commercial and residential sectors. At present, they are commercially available in the steel and aluminum (Al) material types. 

 

 
 

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Aerosol Refrigerants Market Trends:

The global aerosol refrigerants market is primarily being driven by the increasing need for various consumer appliances, including refrigerators, chillers, and heating, ventilation, and air conditioning (HVAC) products across several industrial verticals to minimize power consumption. Additionally, the widespread adoption of aerosol refrigerants in the residential sector can be attributed to the rising construction activities across the globe on account of rapid commercialization and urbanization, evolving living standards, and inflating disposable incomes, particularly in emerging economies. In line with this, rising environmental concerns have prompted governments of several countries to undertake favorable initiatives to promote the manufacturing of eco-friendly aerosol refrigerants for eliminating the utilization of hydrofluorocarbons (HFC) and hydrofluoro-olefins (HFOs). This further assists in reducing the risk of ozone depletion and global warming, thus acting as another major growth-inducing factor. Additionally, significant technological advancements, such as the introduction of carbon dioxide (CO2) cascade and cold chain solutions that are infused with propane-based cooling systems, are further contributing to the market growth. Other factors, such as continuous investments in research and development (R&D) activities and strategic collaborations amongst key players to launch steel aerosol refrigerants that exhibit recyclable and sustainable properties, while reducing production costs, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aerosol refrigerants market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, container type and end use sector.

Breakup by Product:

 

 
 

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  • HFC-143a
  • HFC-32
  • HFC-125
  • SF6
  • Others
     

Breakup by Container Type:

  • Steel
  • Aluminum
     

Breakup by End Use Sector:

  • Residential
  • Commercial
  • Industrial
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being A-Gas, Arkema S.A., Baltic Refrigeration Group, Daikin Industries Ltd., Dongyue Group, Fastenal Company, Groupe Gazechim, Honeywell International Inc., Navin Fluorine International Limited, Sinochem Corporation, SRF Limited (Kama Holdings Ltd.), Technical Chemical Company and The Chemours Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Container Type, End Use Sector, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered A-Gas, Arkema S.A., Baltic Refrigeration Group, Daikin Industries Ltd., Dongyue Group, Fastenal Company, Groupe Gazechim, Honeywell International Inc., Navin Fluorine International Limited, Sinochem Corporation, SRF Limited (Kama Holdings Ltd.), Technical Chemical Company and The Chemours Company.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global aerosol refrigerants market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global aerosol refrigerants market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the container type?
  • What is the breakup of the market based on the end use sector?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global aerosol refrigerants market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Aerosol Refrigerants Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    HFC-143a
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    HFC-32
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    HFC-125
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    SF6
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Container Type
    7.1    Steel
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Aluminum
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End Use Sector
    8.1    Residential
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Industrial
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    A-Gas
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Arkema S.A.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Baltic Refrigeration Group
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Daikin Industries Ltd.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Dongyue Group
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Fastenal Company
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Groupe Gazechim
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Honeywell International Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Navin Fluorine International Limited
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Sinochem Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    SRF Limited (Kama Holdings Ltd.)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Technical Chemical Company
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
        14.3.13    The Chemours Company
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
           14.3.13.3 Financials
           14.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Aerosol Refrigerants Market: Major Drivers and Challenges
Figure 2: Global: Aerosol Refrigerants Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Aerosol Refrigerants Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Aerosol Refrigerants Market: Breakup by Product (in %), 2021
Figure 5: Global: Aerosol Refrigerants Market: Breakup by Container Type (in %), 2021
Figure 6: Global: Aerosol Refrigerants Market: Breakup by End Use Sector (in %), 2021
Figure 7: Global: Aerosol Refrigerants Market: Breakup by Region (in %), 2021
Figure 8: Global: Aerosol Refrigerants (HFC-143a) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Aerosol Refrigerants (HFC-143a) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Aerosol Refrigerants (HFC-32) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Aerosol Refrigerants (HFC-32) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Aerosol Refrigerants (HFC-125) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Aerosol Refrigerants (HFC-125) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Aerosol Refrigerants (SF6) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Aerosol Refrigerants (SF6) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Aerosol Refrigerants (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Aerosol Refrigerants (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Aerosol Refrigerants (Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Aerosol Refrigerants (Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Aerosol Refrigerants (Aluminum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Aerosol Refrigerants (Aluminum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Aerosol Refrigerants (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Aerosol Refrigerants (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Aerosol Refrigerants (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Aerosol Refrigerants (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Aerosol Refrigerants (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Aerosol Refrigerants (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Aerosol Refrigerants Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Aerosol Refrigerants Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Aerosol Refrigerants Industry: SWOT Analysis
Figure 78: Global: Aerosol Refrigerants Industry: Value Chain Analysis
Figure 79: Global: Aerosol Refrigerants Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Aerosol Refrigerants Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Aerosol Refrigerants Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Aerosol Refrigerants Market Forecast: Breakup by Container Type (in Million US$), 2022-2027
Table 4: Global: Aerosol Refrigerants Market Forecast: Breakup by End Use Sector (in Million US$), 2022-2027
Table 5: Global: Aerosol Refrigerants Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Aerosol Refrigerants Market: Competitive Structure
Table 7: Global: Aerosol Refrigerants Market: Key Players

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