Market Overview:
The global refrigerant market reached a value of US$ 16.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 28.2 Billion by 2027, exhibiting at a CAGR of 10.0% 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 pandemicon different end use sectors. These insights are included in the report as a major market contributor.
Refrigerants are chemical mixtures of fluids and gases that function as a cooling agent in refrigeration cycles and heat pumps. They are most commonly used in freezers and air conditioners across various sectors including residential, commercial and automotive. They work on the concept of phase transition that involves the transformation of liquid to gas at adjustable operating temperatures and vice versa. They can be used either as primary solutions in condensation, compression, evaporation and expansion or as secondary solutions to transport thermal energy from one medium to another.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
The rapid growth of the consumer electronics sector and increasing demand for domestic air conditioning systems are among the key factors driving the global market. Growing energy demand along with the awareness regarding the adverse effects of refrigerants on the environment has led to the development of energy-efficient cooling systems in domestic and industrial sectors. This has led to a significant change in the composition of refrigerant gases. For instance, conventionally, chlorofluorocarbons (CFCs) were used as refrigerants but owing to their ozone depleting effects they are increasingly being replaced by sulfur dioxide ammonia and non-halogenated hydrocarbons that are considered more environment-friendly. In addition to this, the rising demand for air conditioning systems in automobiles is also driving the market further. Moreover, the increasing requirement of deep freezers and refrigerators from the cold chain market has augmented the demand for refrigerants in the food and beverage industry. Other factors influencing the market growth include rapid industrialization and infrastructural development along with the improved standards of living.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global refrigerant market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and application.
Breakup by Product Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Fluorocarbon
- Inorganic
- Hydrocarbon
- Others
Breakup by Application:
- Commercial
- Industrial
- Domestic
- Others
Breakup by Region:
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- Europe
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Honeywell International Inc., Daikin Industries Ltd, Arkema S A, Dongyue Group, The Chemours Company, Orbia Advance Corporation S.A.B. de CV, Sinochem Group, Air Liquide, AGC Group, Linde Group, SRF Limited, Gujarat Fluorochemicals Limited, etc.
IMARC Group’s latest report provides a deep insight into the global refrigerant market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global refrigerant market in any manner.
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 Type, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered |
Honeywell International Inc., Daikin Industries Ltd, Arkema S A, Dongyue Group, The Chemours Company, Orbia Advance Corporation S.A.B. de CV, Sinochem Group, Air Liquide, AGC Group, Linde Group, SRF Limited and Gujarat Fluorochemicals Limited |
| 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 refrigerant market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global refrigerant industry?
- What has been the impact of COVID-19 on the global refrigerant industry?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the global refrigerant industry?
- What are the key driving factors and challenges in the global refrigerant industry?
- What is the structure of the global refrigerant industry and who are the key players?
- What is the degree of competition in the global refrigerant industry?
- What are the profit margins in the global refrigerant 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 Refrigerant Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Product Type
6.1 Fluorocarbon
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Inorganic
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Hydrocarbon
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Commercial
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Industrial
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Domestic
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 Europe
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North America
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
12.1 Price Indicators
12.2 Price Structure
12.3 Margin Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Honeywell International Inc.
13.3.2 Daikin Industries Ltd
13.3.3 Arkema S A
13.3.4 Dongyue Group
13.3.5 The Chemours Company
13.3.6 Orbia Advance Corporation S.A.B. de CV
13.3.7 Sinochem Group
13.3.8 Air Liquide
13.3.9 AGC Group
13.3.10 Linde Group
13.3.11 SRF Limited
13.3.12 Gujarat Fluorochemicals Limited
List of Figures
Figure 1: Global: Refrigerant Market: Major Drivers and Challenges
Figure 2: Global: Refrigerant Market: Sales Value (in Billion US$), 2016 - 2021
Figure 3: Global: Refrigerant Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Refrigerant Market: Breakup by Application (in %), 2021
Figure 5: Global: Refrigerant Market: Breakup by Region (in %), 2021
Figure 6: Global: Refrigerant Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Refrigerant Industry: SWOT Analysis
Figure 8: Global: Refrigerant Industry: Value Chain Analysis
Figure 9: Global: Refrigerant Industry: Porter’s Five Forces Analysis
Figure 10: Global: Refrigerant (Fluorocarbon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Refrigerant (Fluorocarbon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Refrigerant (Inorganic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Refrigerant (Inorganic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Refrigerant (Hydrocarbon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Refrigerant (Hydrocarbon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Refrigerant (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Refrigerant (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Refrigerant (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Refrigerant (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Refrigerant (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Refrigerant (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Refrigerant (Domestic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Refrigerant (Domestic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Refrigerant (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Refrigerant (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Europe: Refrigerant Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Europe: Refrigerant Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Refrigerant Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Refrigerant Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia Pacific: Refrigerant Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia Pacific: Refrigerant Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Middle East and Africa: Refrigerant Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Middle East and Africa: Refrigerant Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Latin America: Refrigerant Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Latin America: Refrigerant Market Forecast: Sales Value (in Million US$), 2022-2027
List of Tables
Table 1: Global: Refrigerant Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Refrigerant Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Refrigerant Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Refrigerant Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Refrigerant Market Structure
Table 6: Global: Refrigerant Market: Key Players