The newly Refrigerant market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
Refrigerant is a chemical that produces a cooling effect while expanding or vaporizing.
On the basis of products, the various types include HCFC, HFC, and HC. On the basis of application, the Refrigerant market is segmented into Air Condition, Automotive Air Conditioning Application, Refrigerator, and Other.
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Market Insights
According to the report, the Refrigerant global market is valued at approximately USD 23,564 million in 2019 and is expected to generate revenue of around USD 33,915 million by 2026, growing at a CAGR of roughly 5.34% from 2019 and 2026. The growth can be mainly attributed to increasing demand for consumer appliances such as refrigeration and air-conditioning equipment and the growing cold chain market. Moreover, an increase in the use of refrigerants in automobiles & food products and improved living standards market will also drive the growth of the market. Organized retail framework growth and growth in the processed food sector lead to increasing demand for Refrigerant, thus propelling the growth of the market. However, the environmental issues associated with the use of toxic refrigerants may restrain the growth of the market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific accounted for the largest market share of 51.63% in 2018 and is anticipated to remain dominant in the coming years. Industrial activities and productivity growth in China and India will stimulate refrigeration demand in residential, industrial and commercial sectors, thus fueling the growth of the market in Asia-Pacific. The growth of the purchasing power of the middle-class population and the improvement of living standards are driving the development of the Refrigerant market in this region. North America is currently leading Europe with a share of 22.15% and 18.74%.
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Competitive Players
The Refrigerant market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Honeywell, DuPont, Daikin, NRI, and Lennox. Other prominent vendors in the market are Chemours, Enviro-Safe, Harp, Arkema, Airgas, Linde, Mexichem, Hudson, NoVent, Clean Air Refrigerant, Solvay, Asahi Glass, Navin Fluorine, Gujarat Fluorochemicals, SRF, Sinochem, Anhui TC Refrigerant, Starget Refrigerants, QuZhou Bingcool, and others.
Target Audience for this Report
l Refrigerant manufacturers
l Refrigerant importers and exporters
l Refrigerant traders, distributors, and suppliers
l Raw material suppliers of Refrigerant
l Refrigerant industry associations
l Product managers, Refrigerant industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Refrigerant Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Refrigerant Market by Types
4 Segmentation of Refrigerant Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Refrigerant Market in Major Countries
7 North America Refrigerant Landscape Analysis
8 Europe Refrigerant Landscape Analysis
9 Asia Pacific Refrigerant Landscape Analysis
10 Latin America, Middle East & Africa Refrigerant Landscape Analysis
11 Major Players Profile
11.1 Honeywell
11.1.1 Honeywell Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 DuPont
11.3 Daikin
11.4 NRI
11.5 Lennox
11.6 Chemours
11.7 Enviro-Safe
11.8 Harp
11.9 Arkema
11.10 Airgas
11.11 Linde
11.12 Mexichem
11.13 Hudson
11.14 NoVent
11.15 Clean Air Refrigerant
11.16 Solvay
11.17 Asahi Glass
11.18 Navin Fluorine
11.19 Gujarat Fluorochemicals
11.20 SRF
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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