#HFC Refrigerant Market Outlook

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Refrigerants Market Industry Outlook: Forecasting Market Trends and Growth for the Coming Years

Refrigerants Market Strategies: Taking Advantage of Trends to Drive Growth in 2032

The Refrigerants Market Report provides essential insights for business strategists, offering a comprehensive overview of industry trends and growth projections. It includes detailed historical and future data on costs, revenues, supply, and demand, where applicable. The report features an in-depth analysis of the value chain and distributor networks.

Employing various analytical techniques such as SWOT analysis, Porter’s Five Forces analysis, and feasibility studies, the report offers a thorough understanding of competitive dynamics, the risk of substitutes and new entrants, and identifies strengths, challenges, and business opportunities. This detailed assessment covers current patterns, driving factors, limitations, emerging developments, and high-growth areas, aiding stakeholders in making informed strategic decisions based on both current and future market trends. Additionally, the report includes an examination of the Automatic Rising Arm Barriers sector and its key opportunities.

According to Straits Research, the global Refrigerants Market market size was valued at USD 24.20 billion in 2023. It is projected to reach from USD 26.11 billion in 2024 to USD 47.98 billion by 2032, growing at a CAGR of 7.9% during the forecast period (2024–2032).

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TOP Key Industry Players of the Refrigerants Market

Honeywell International Inc 

DAIKIN INDUSTRIES, Ltd. 

Dongyue Group 

Arkema S.A. 

Linde Group 

SINOCHEM GROUP CO., LTD. 

Engas Australasia 

Hess Corporation 

Deepfreeze Refrigerants Inc. 

Tazzetti S.p.A 

Airgas, Inc. 

HyChill Australia 

Orbia Advance Corporation S.A.B. de CV 

The Chemours Company 

Air Liquide 

Puyang Zhongwei Fine Chemical Co.,Ltd. 

Shandong Yuanlian Chemical Co.,Ltd. 

Gas International Limited

Global Refrigerants Market: Segmentation

As a result of the Refrigerants market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts. 

By Product Type

Chlorofluorocarbons (CFCs)

Hydrofluorocarbons (HFCs)

Hydrochlorofluorocarbons (HCFCs)

HydroFluoroOlefin (HFOs)

Carbon Dioxide

Ammonia

Propane

By Application

Air Conditioners

Refrigerators

Chillers and Heat Pumps

Others

By End-User

Residential

Commercial

Automotive

Industrial

Marine

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Reasons for Buying This Report:

Provides an analysis of the evolving competitive landscape of the Automatic Rising Arm Barriers market.

Offers analytical insights and strategic planning guidance to support informed business decisions.

Highlights key market dynamics, including drivers, restraints, emerging trends, developments, and opportunities.

Includes market estimates by region and profiles of various industry stakeholders.

Aids in understanding critical market segments.

Delivers extensive data on trends that could impact market growth.

Research Methodology:

Utilizes a robust methodology involving data triangulation with top-down and bottom-up approaches.

Validates market estimates through primary research with key stakeholders.

Estimates market size and forecasts for different segments at global, regional, and country levels using reliable published sources and stakeholder interviews.

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

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[industryinsightsandanalysis]

Surging Demand for Consumer Appliances to proliferate the Refrigerant Market!

A comprehensive overview of the refrigerant market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the refrigerant market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The Refrigerant Market is likely to showcase a growth of around 8% during the forecast period (2022-2028).

Market Overview

A refrigerant is a mixture of fluid substances that are utilized in the refrigeration or heat pump cycle. It changes from liquid to gas during the refrigeration cycle. Refrigerants are employed because of their non-corrosive characteristics, high heat of vaporization, moderate liquid density, and high gaseous density. Furthermore, there is a variety of compounds with refrigerant qualities, such as HCFC, HFC, HFO, and others. Air conditioning systems for the construction, chemical, pharmaceutical, and food industries are the most common uses of refrigerants.

The growth of the market is influenced by the factors such as the growing demand for refrigerants in commercial & industrial refrigeration, air conditioning system, and others. Moreover, urbanization and improvement in the standard of living led to high demand for air conditioners helping in the growth of the refrigerant market.

COVID-19 Impact

The Refrigerant market has been negatively impacted by the COVID-19 pandemic. This is due to interruptions in value chains induced by the closure of national and international borders in 2020, numerous sectors had to slow down their operations, resulting in decreased demand for refrigerants. The COVID-19 epidemic produced price fluctuations in raw materials used to make refrigerants. As a result, in 2020, the refrigerant market is predicted to increase at a negative rate. However, from 2021 onwards, demand is predicted to pick up and persist throughout the forecast period.

Refrigerant market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily bifurcated into:

Fluorocarbons

Hydrocarbons

Inorganic refrigerant

Others

Based on type, the market is segmented into fluorocarbons, hydrocarbons, inorganic refrigerants, and others.   The inorganic refrigerant segment is expected to witness the highest CAGR during the forthcoming years. Inorganic refrigerants consist of inorganic compounds (which do not contain carbon-hydrogen bond) used primarily as refrigerants such as R718, 717, and 744. The benefits of these refrigerants such as non-toxic, environment friendly, inexpensive & non-flammable are contributing to the market growth.

 By Application, the market is primarily bifurcated into:

Residential

Commercial

Industrial

Based on the application, the market is categorized into residential, commercial, and industrial. Amongst them, the commercial segment is expected to witness the highest CAGR during the forecast period. This is due to an increase in demand for infrastructural development in inter-country and the growing demand for air conditioners in commercial sectors. A rise in the number of hypermarkets/ supermarkets, malls, hospitals, and healthcare facilities is contributing to the growth of the market.

 Refrigerant Market Geographical Segmentation Includes:

North America

United States

Canada

Rest of north America

Europe

Germany

France

United Kingdom

Spain

Italy

Rest of Europe

Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific

Rest of World

For a better understanding of the market adoption of the Refrigerant market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. The Asia Pacific is projected to hold the largest share of the Refrigerant market by 2028 because of the increase in infrastructure development in emerging economies. actors such as a huge industrial base, increasing disposable income, increasing urbanization, and changing lifestyles are expected to drive the market for refrigerants in different application segments.

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The major players targeting the market includes:

Arkema S.A.

Dongyue Group Co. Ltd.

Honeywell International Inc.

The Chemours Company

The Linde Group

Air Liquide

Sinochem Lantian Co. Ltd.

Daikin Industries

Mexichem

Asahi Glass Corporation.

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Refrigerant market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

What are the latest trends, new patterns, and technological advancements in the Refrigerant market?

Which factors are influencing the Refrigerant market over the forecast period?

What are the global challenges, threats, and risks in the Refrigerant market?

Which factors are propelling and restraining the Refrigerant market?

What are the demanding global regions of the Refrigerant market?

What will be the market size in the upcoming years?

What are the crucial market acquisition strategies and policies applied by the companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.

About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

Contact us:

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[insightfulblogz]

Industrial Refrigeration Market Forecast & Business Opportunities by 2032

Market Scope & Overview

The Industrial Refrigeration market research is a thorough, expert examination of the industry, with an emphasis on worldwide market trends. In addition to major industry improvements in the coming years, the report investigates market demand and supply side aspects. To offer market participants with a comprehensive picture of the market, the research study includes an analysis of Porter's Five Forces for the industry as well as a competitive landscape.

The research report includes a market attractiveness analysis that takes into account market size, growth rate, and general market dynamics. This Industrial Refrigeration Market report's goal is to provide readers with an in-depth study of market segmentation by end-user industry and geography, as well as a comprehensive market overview. According to the anticipated period, the global market would increase greatly.

Russia-Ukraine Conflict Impact Analysis

The research report examines whether the present war between Russia and Ukraine has had any obvious impact on the global Industrial Refrigeration market, as well as the details of the influence made in various regional marketplaces throughout the world.

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Competitive Analysis

Partnerships, acquisitions, and joint ventures were among the market's inorganic growth strategies. The research also includes financial data, current changes for key industry participants, corporate biographies, components and services offered, and other information. The report includes key advances in the Industrial Refrigeration area, as well as organic and inorganic growth strategies. Several companies prioritize new product releases, product approvals, and other organic growth methods such as patents and events.

Key market players are:

Daikin Industries

Emerson Electric

GEA Group

Ingersoll Rand

Carrier

Danfoss

Evapco

Johnson Controls

LU-VE Group and Mayekawa

Market Segmentation Analysis

The segmentation of the Industrial Refrigeration market by application, end-user, and geography in this analysis provides a comprehensive view of the industry. Each market segment has been thoroughly studied in light of existing and anticipated industry developments. To provide a comprehensive perspective of the market, the research report employs both qualitative and quantitative data. It analyses and forecasts the worldwide market across a number of key areas.

BY TYPE

Transport Refrigeration

Stationary Refrigeration

BY COMPONENT

Evaporator

Compressor

Control

Condenser

Other

BY REFRIGERANT TYPE

Hydroflurocarbon (HFC)

Ammonia

Carbon Dioxide

Other

BY CAPACITY

<100 kW

100-500 kW

500kW-1,000kW

1,000kW-5,000kW

>5,000 kW

BY APPLICATION

Fruit And Vegetable

Dairy And Ice Cream

Meat, Poultry, and Fish Processing  

Beverage

Petrochemical

Chemical

Pharmaceutical

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Regional Outlook

The regional analysis section of the report enables market participants to find the most profitable regional markets in order to consider growing their enterprises there. After examining political, economic, social, and technological variables affecting the Industrial Refrigeration market in all regions, the research presents a comprehensive PEST analysis for all regions, including North America, Europe, APAC, Latin America, and the Middle East and Africa.

Key Reasons to Purchase Industrial Refrigeration Market Report

The research examines the possibilities for investment in a variety of market sectors as well as the overall extent of the global market.

The report's authentic facts and effective techniques have assisted market participants in growing their businesses and customers.

Conclusion

The market research report for industry participants contains critical market information, as well as major market trends and opportunities.

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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Transforming Spaces: Commercial Air Conditioning System Market Outlook 2022-2031

The demand for energy-efficient commercial air conditioning systems is rising as people become more conscious of the value of energy-efficient and sustainable buildings. Building owners and managers are seeking air conditioning systems that not only offer comfort but also aid in lowering energy consumption and running expenses, which is contributing to the commercial air conditioning system market growth in the upcoming years. The commercial air conditioning system market size was valued at $38.3 billion in 2021 and is estimated to reach $57.9 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

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A commercial air conditioning system is a group of devices and parts used in commercial and industrial buildings like offices, retail stores, hospitals, factories, and data centers to circulate and dry the air. Typically, commercial air conditioning systems have one or more sizable units mounted on the building's roof or in the building's exterior. The cooling air from the units is sent throughout the building via ducts that are attached to the units. The system might also come with a control mechanism that enables building occupants to set the temperature and other settings to the ideal level.

The market for commercial air conditioning systems is significantly impacted by the expansion of the construction sector, especially in developing countries. The need for effective and dependable HVAC systems to maintain a suitable indoor temperature is increasing as more buildings are built. Commercial air conditioning system adoption is influenced by rising demand for energy-efficient systems as well as rules and criteria set by the government to reduce carbon emissions. Variable refrigerant flow (VRF) systems, which conserve energy and lower running costs, are now a common feature of many commercial air conditioning systems. The demand for smart buildings and building automation systems is also boosting the commercial air conditioning system market growth. These systems can offer real-time HVAC system monitoring and management, which can maximize energy efficiency, save maintenance costs, and improve occupant comfort.

However, some of the disadvantages of commercial air conditioning systems include its environmental concerns. Environmental concerns arise from the usage of refrigerants in commercial air conditioning systems. Many of the refrigerants used in industrial air conditioning systems contain substances that might be harmful to the environment. These substances have the potential to exacerbate climate change, global warming, and ozone depletion. Due to their detrimental effects on the ozone layer, refrigerants like chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) have been prohibited or phased out. However, a lot of alternative refrigerants, such as hydrofluorocarbons (HFCs), have a significant potential to warm the planet and cause climate change.

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Consumers are increasingly asking for air conditioning systems that offer better comfort, energy economy, and customization as a result of the development of smart technologies. Through a smartphone app or other device, owners of smart air conditioning systems may remotely adjust the temperature and settings of their air conditioning units. Additionally, they include features like automated temperature management, scheduling, and energy monitoring that may help consumers lower their carbon footprint and save money on their electricity bills. The market for these products is anticipated to increase as more people come to understand the advantages of smart air conditioning systems. This offers a chance for businesses that specialize in creating and producing these systems to tap into this growing market and gain a competitive advantage. These factors are anticipated to boost commercial air conditioning system market opportunities in the upcoming years.

The global commercial air conditioning system market share is segmented based on type, installation type, end-user, and region. By type, it is classified into VRF, ducted split/packaged unit, split units, room ACs, and others. By installation type, it is classified into new installation and retrofit. By end-user, it is classified into office and buildings, hospitality, supermarkets/hypermarkets, transportation, government, healthcare, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the commercial air conditioning system market analysis report include Carrier.; DAIKIN INDUSTRIES, Ltd; FUJITSU GENERAL; Haier Inc; Hitachi, Ltd.; LG Electronics.; Mitsubishi Electric Corporation; Panasonic Corporation; SAMSUNG; and AIREDALE INTERNATIONAL AIR CONDITIONING LTD.

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Impact of COVID-19 on the Global Commercial Air Conditioning System Industry

- The global market for commercial air conditioning systems has been significantly impacted by the COVID-19 outbreak. The market has been impacted by changes in demand and preferences among building owners and operators as well as the economic slump brought on by the pandemic. However, various sectors such as construction and automotive were negatively impacted by the COVID-19 pandemic which also affected the production and demand for commercial air conditioning systems due to a disrupted supply chain. - COVID-19 impacted almost all industries, and commercial air conditioning system-producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, and shortage of labor; the fear of contracting the novel coronavirus led to sluggish demand in the market. - Social distancing norms, closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global commercial air conditioning system market.

Key Findings of the Study

- Based on type, the VRF sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest-growing sub-segment during the forecast period. - Based on installation type, the retrofit sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the coming years. - Based on end users, the office and buildings sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the upcoming years. - Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the commercial air conditioning system market forecast period.

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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

[sjsuraj]

Though the refrigeration coolers market growth was disrupted to a certain extent by COVID-19 in the last couple of years, the manufacturing sector is expected to pick up the pace gradually in the coming months. The refrigeration coolers market is predicted to move forward at a moderate pace with a CAGR of 5.6% from 2023 to 2033, following the refrigeration coolers market analysis by Future Market Insights (FMI). The refrigeration coolers market is anticipated to garner a revenue of about US$ 5 Billion by 2027, with the abovementioned factors holding sway over the market. Customized walk-in refrigerator installation has grown in popularity in recent years, emphasizing the importance of efficient refrigeration in commercial applications. The use of safety equipment is required when working with ammonia-based refrigeration systems. Gain expert insights and supercharge your growth strategies. Request our market overview sample now: https://www.futuremarketinsights.com/reports/sample/rep-gb-14275 Ammonia, when combined with certain hydrocarbons, is a flammable and corrosive refrigerant that has been shown to be lethal when inhaled. As a result, the demand for refrigeration coolers is reduced. In the wake of the COVID-19 pandemic, increased demand for online grocery shopping and frozen food has prompted e-commerce companies to invest in refrigerated warehouses and cold storage, thereby facilitating the adoption of refrigeration coolers. Key Takeaways From the Market Study: Based on product type, medical refrigeration is likely to gain traction, thereby influencing the emerging trends in the refrigeration coolers market trends, given the rising graph of commercial refrigerators for salein hospitals and other medical facilities, particularly in emerging economies. By application, the refrigeration coolers market is projected to be dominated by commercial applications owing to its wide array of applications. These coolers are helpful concerning commercial fridges, such as beverage fridges By refrigerant type, ammonia is expected to lead the industrial refrigeration marketas it is a common refrigerant in industrial refrigeration systems worldwide and meets the low-GWP standard. As per the refrigeration coolers market outlook, the supermarket segment is estimated to account for the largest share of the global refrigeration marketby end-use. The refrigerator coolers market is forecasted to reach US$ 3.6 Billion by mid-2022. “The refrigerated cooler market in Asia-Pacific is expected to grow at the fastest rate where A.P.A.C. includes countries like China, India, and Japan, which are global leaders in terms of refrigerated warehouse capacity, and global market players are seeing strong demand from countries like China, India, Japan, and South Korea, where a high demand for food primarily drives population growth, and in turn broadening the refrigeration coolers market opportunities.” says an F.M.I. researcher. Key Segments By Application:   Commercial Industrial By Component Type: Evaporators Air Coolers Condensers By Refrigerant Type: HFC/HFO NH3 CO2 Glycol Others By Region: North America Europe Latin America Asia Pacific Middle East and Africa  

[albus077]

Low GWP Refrigerants Market Size 2023-2035

Research Nester published a report titled “Low GWP Refrigerants”: Global Demand Analysis & Opportunity Outlook 2035” which delivers a detailed overview of the global low GWP refrigerants market in terms of market segmentation by type, application, by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The” global low GWP refrigerants market” is projected to grow at a CAGR of ~12% during the forecast period, i.e., 2023 – 2035. Factors such as, increasing demand for air conditioners, rising global warming, and phasing out of other refrigerants such as HCFC, HFC, and others are anticipated to propel the growth of the market during the forecast period. As of 2020, the global shipment of air conditioners was estimated to be around 6 million units. Additionally, a constantly developing cold chain logistics system is further estimated to push the market growth over the forecast period. As of 2020, the cold chain logistics industry was valued at about USD 250 billion. Additionally, by type, the global low GWP refrigerants market is segmented into fluorocarbons, hydrocarbons, and others. Out of these sub-segments, the hydrocarbons segment is estimated to obtain a notable share in the market during the forecast period. The growth of the segment can be accounted to its rising utilization as renewable hydrocarbon biofuel in the place of gas and petroleum. Based on the data released by Energy Information Administration (EIA), it was stated that in 2019, 293.83 thousand barrels of biodiesel were produced.

Furthermore, the global low GWP refrigerants market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the Europe region is estimated to grow at a noteworthy pace over the forecast period on the back of rising awareness of phasing out the utilization of HFC refrigerants. According to the European Economic Area, in 2017, more than 90% of Co2 was noticed to be emitted on account of HFCs. Moreover, the Asia Pacific region is projected to acquire the second-largest share in the market on the back of rising awareness of global warming.

The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

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Increasing Demand for Air Conditioners to Foster the Growth of the Market

As of 2018, the global demand for air conditioners was observed to be approximately 100 million units.

Multiple types of refrigerants are utilized in the home air conditioners for more efficient operation. The most common type of refrigerant utilized in air conditioners is R-454B. Refrigerants are capable of releasing and observing more heat and decreasing the risk of burnout in the compressor owing to overheating.  Therefore, such factors are anticipated to propel the growth of the market.

However, the availability of alternative refrigerants in the market is expected to operate as a key restraint to the growth of the global low GWP refrigerants market over the forecast period.

This report also provides the existing competitive scenario of some of the key players in the global low GWP refrigerants market which includes company profiling of Linde plc, Airgas, Inc., Sinochem Holdings Corporation Ltd., Tazzetti S.p.A., Puyang Zhongwei Fine Chemical Co., Ltd., Harp Internation Ltd., Shandong Yuean Chemical Industry Co., Ltd., A‑Gas International Limited, The Chemours Company, Arkema S.A. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global low GWP refrigerants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

[priyanshisingh]

Europe HVAC Market Global industry share, growth, drivers, emerging technologies, and forecast research report 2030

The latest market report published by Credence Research, Inc. “Global Europe HVAC Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The Europe HVAC market has witnessed steady growth in recent years and is expected to grow at a CAGR of 6.50% between 2023 and 2030. The market was valued at USD 26.8 billion in 2022 and is expected to reach USD 41.64 billion in 2030.

HVAC (Heating, Ventilation, and Air Conditioning) equipment market in Europe has witnessed significant growth, driven by the increasing demand for comfortable and sustainable indoor environments. The HVAC industry plays a crucial role in providing efficient temperature regulation, ensuring proper ventilation, and enhancing air quality in residential, commercial, and industrial spaces. This article delves deep into the Europe HVAC equipment market, exploring its current state, growth drivers, challenges, and future prospects.

The Europe HVAC equipment market has experienced remarkable expansion in recent years. The region's extreme weather conditions, including harsh winters and scorching summers, necessitate a reliable and efficient HVAC infrastructure. Additionally, rising awareness about indoor air quality and the importance of energy-efficient solutions have further fueled the demand for advanced HVAC equipment in Europe.

Europe HVAC Market Drivers refer to the factors that are fueling the growth and development of the Heating, Ventilation, and Air Conditioning (HVAC) market in Europe. One key driver is the increasing demand for energy-efficient solutions amidst rising concerns about climate change and environmental sustainability. Governments across Europe have introduced stringent regulations to reduce carbon emissions, which has resulted in a growing need for HVAC systems that are eco-friendly and consume less energy. Another significant driver is the rapid urbanization witnessed in several European countries, leading to an upsurge in construction activities such as residential buildings, commercial complexes, and industrial infrastructure.

Browse 210 pages report  Europe HVAC Market By Equipment (Air Conditioning/Ventilation Equipment, Heating Equipment) By Applications (Residential, Commercial, Industrial) - Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/europe-hvac-market

Future Outlook:

Smart HVAC Systems

The integration of smart technologies in HVAC systems will continue to gain traction. Smart thermostats, automated controls, and data-driven insights will enhance user experience and optimize energy consumption.

Eco-friendly Refrigerants

With the phase-out of hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) in refrigerants, the market will witness a shift towards eco-friendly alternatives that have a lower environmental impact.

Focus on Indoor Air Quality

Consumers' increasing awareness of indoor air quality will lead to a greater demand for HVAC systems equipped with air purification and filtration technologies.

Europe HVAC Market Top Report Findings reveal significant insights into the current state of the heating, ventilation, and air conditioning industry in Europe. The comprehensive study sheds light on various aspects of this market segment, offering a detailed analysis that allows stakeholders to make informed decisions. One noteworthy finding is the growing demand for energy-efficient HVAC systems across Europe. This trend is driven by increasing environmental concerns and stringent governmental regulations aimed at reducing carbon emissions. Another key takeaway from the report is the rising adoption of smart and connected HVAC solutions in residential as well as commercial sectors. These advanced technologies offer enhanced control, convenience, and energy management capabilities to users while promoting sustainable practices.

Why to Buy This Report-

The report provides a qualitative as well as quantitative analysis of the global Europe HVAC Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.

The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.

Major nations in each region with their import/export statistics

The global Europe HVAC Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.

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Centrifugal Chiller Refrigerant Market Trends, Segmentation and Registering a Strong Growth by 2032

Centrifugal Chiller Refrigerant Market size is anticipated to surpass USD 8 billion by 2032, according to the latest research report by GMI Inc.

Burgeoning demand for bio-based refrigerants is projected to positively influence the industry growth. Other critical factors driving the market outlook include rising incidences of chronic diseases, which have accelerated the demand for biological products, blood samples, blood reagents, vaccinations, DNA samples, and other substances. In addition, the widespread requirement for thermal insulation is foreseen to support business expansion by 2032.

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Stringent environment protocols to increase the need for standard refrigerants

The standard centrifugal chiller refrigerant market is estimated to amass USD 3 billion by the end of 2032. In accordance with the Kigali Amendment and the Montreal Protocol, many nations are phasing out high-GWP refrigerants including CFCs and HCFCs. This has elevated the need for low-GWP refrigerants such as HFCs and HFOs, which are standard refrigerants. Moreover, recent innovations in standard refrigerants are set to impel product adoption.

High capacity and rapid speed colling to bolster demand for multi-stage compressors

The industry size is expected to expand at 4.5% CAGR between 2023 and 2032. The progression of commercial and industrial applications that require extensive cooling and refrigeration has fueled the need for refrigerants in multi-stage compressors. To cite an instance, the CenTraVac Water-cooled chillers with Symbio Controls introduced by Trane that has a multi-stage design and allow the chiller to deliver low leaving chilled water temperatures.

Increasing demand for eco-friendly chillers to augment product use in the oil & gas industry

The centrifugal chiller refrigerant market for the oil & gas industry is likely to reach more than USD 1.5 billion in revenue by 2032, driven by the mounting demand for more environmentally friendly refrigerants in the industry as people have become more aware of climate change and focusing on the reduction of carbon emissions.

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Construction of new commercial and industrial spaces to push Europe market growth

The Europe centrifugal chiller refrigerant industry is projected to witness 5.5% annual growth during 2023-2032 on account of the swift industrialization & commercialization in the region, which has, in turn, proliferated the demand for air conditioning systems to maintain the temperature in buildings. In February 2023, for instance, Atos, a French IT firm, launched its Factory of the Future project and began the construction of an Industry 4.0 plant in France.

Promising collaborations and acquisitions to emerge as a chief growth strategy

Some other companies involved in the centrifugal chiller refrigerant market are Orbia, The Chemours Company, Arkema SA, Air Liquide, Daikin Industries Ltd, SRF Ltd, and Sinochem Group. The industry’s competitive landscape will foresee a series of product range diversification and acquisition tactics by industry players. For instance, in October 2022, The Linde Group, a leading chemical firm, announced the acquisition of nexAir, a U.S.-based packaging and wielding supplies manufacturer. With this procurement, the company aims to develop its business in Tennessee and increase its production capacity.

Table of Contents (ToC) of the report:

Chapter 2   Executive Summary

2.1    Centrifugal Chiller Refrigerant market 360º synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Refrigerant trends

2.1.3    Compressor trends

2.1.4    End User trends

2.1.5    Regional trends

Chapter 3   Centrifugal Chiller Refrigerant Industry Insights

3.1    Introduction

3.2    Impact analysis of the COVID-19 pandemic

3.3    Industry ecosystem analysis

3.4    3.4 Technology landscape

3.5    Raw material trends

3.6    Regulatory landscape

3.7    Industry best practices and key buying criteria

3.8    Impact of F-gas on chillers

3.9   Pricing analysis

3.10    Cost structure analysis

3.11    Industry impact forces

3.11.1    Growth drivers

3.11.2    The flourishing industrial and manufacturing sector

3.11.3    Increasing demand for bio-based refrigerants is likely to act as an opportunity.

3.11.4    Industry pitfalls and challenges

3.11.5    The F-gas regulation will hamper the market growth.

3.12    Innovation & sustainability

3.13    Growth potential analysis

3.14    Porter’s analysis

3.15    PESTLE analysis

3.16    COVID-19 impacts on centrifugal chiller refrigerant demand, by application.

3.17    Impact of the Russia-Ukraine war on the industry

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Condensing Unit Market Size, Share, Demand, Growth & Trends by 2032

In 2022, the global condensing unit market is anticipated to be worth US$ 38,454 million. During the projected period of 2022-2032, the market is expected to grow at a CAGR of 6.4%, with a total value of US$ 72,523.9 million. The increasing demand for food production and services is a major factor driving the growth of the market for condensing units.

Refrigeration, a process of cooling undergoes cyclic stages of compression, condensation, expansion followed by evaporation. In condensation, a condensing unit is an assembly which functions on cooling and condensing the refrigerant vapour thus converting refrigerant in to liquid form. It majorly consists of condenser, compressor, fan motor, mounting plate and other controls.

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The condensing unit are of three types namely air cooled, water cooled, fan cooled wherein compressors play an important role regarding efficiency yield. Scroll type, hermetic type of condensing units are most widely used where latter is functional from low temperature to high temperature applications. The condensing units are used in residential, commercial as well as industrial sectors where in commercial and industrial sectors generally food services applications are popular. The global condensing unit market is expected to grow during the forecast period with the increase in global refrigeration market.

Global Condensing Unit Market: Drivers and Restraints:

The global condensing unit market is primarily driven by the commercial and industrial sectors such as food retails, food manufacturing industries, commercial refrigeration. Energy saving and less usage of refrigerant condensing units are mostly popular within commercial and industrial sectors. The increasing commercial complexes, office space,banqueting suites drives the global consumption of condensing units. Besides, condensers play a vital role in manufacturing plants which strongly drives the global condensing unit market.

However, the F- gas (HFCs, PFCs and SF6 ) regulation which has been revised in 2015 by EU Commission for curbing rising emissions might restrain the global condensing unit market. Also, this makes condensing unit manufacturers to enhance their technology thus saving energy and more eco-friendly.

Global Condensing Unit Market: Region Wise Outlook

The global Condensing Unit market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Europe and North America are considered as matured markets for the condensing units with strong technology base front and are anticipated to record stable growth during the forecast period. Next in line is APEJ, especially China and India, which collectively account for major share in Asian region due to vast industrial expansion these countries. The condensing units market is anticipated to grow in Japan followed by MEA and Latin America. Overall the global market for condensing unit is highly vigorous and is projected to record significant growth during the forecast period.

Global Condensing Unit market: Key Players

Some of the key players identified in the global condensing unit market includes:

Emerson     Electric Co.

Danfoss

Daikin     Applied

Tecumseh     Products Company

Hussmann     Corporation

Voltas     Limited

Patton     Ltd

BITZER     KÜHLMASCHINENBAU GMBH

Rivacold     UK Ltd

JINAN     RETEK INDUSTRIES INC

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

Global Condensing Unit Market: Segmentation

On the basis of condensing unit type-

Air     cooled

Water     cooled

Fan     cooled

On the basis of refrigerant type-

R404A

R134a

R407A/R407C/R407F

R507A     or R22

Green     refrigerants

On the basis of application-

Medium     temperature

Low     temperature

High     temperature

On the basis of end use-

Residential

Commercial

Industrial

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Research Nester published a report titled “Low GWP Refrigerants: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global low GWP refrigerants marketin terms of market segmentation by type, application, by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The global low GWP refrigerants market is projected to grow at a CAGR of ~12% during the forecast period, i.e., 2022 – 2031. Factors such as, increasing demand for air conditioners, rising global warming, and phasing out of other refrigerants such as HCFC, HFC, and others are anticipated to propel the growth of the market during the forecast period. As of 2020, the global shipment of air conditioners was estimated to be around 6 million units. Additionally, a constantly developing cold chain logistics system is further estimated to push the market growth over the forecast period. As of 2020, the cold chain logistics industry was valued at about USD 250 billion. Additionally, by type, the global low GWP refrigerants market is segmented into fluorocarbons, hydrocarbons, and others. Out of these sub-segments, the hydrocarbons segment is estimated to obtain a notable share in the market during the forecast period. The growth of the segment can be accounted to its rising utilization as renewable hydrocarbon biofuel in the place of gas and petroleum. Based on the data released by Energy Information Administration (EIA), it was stated that in 2019, 293.83 thousand barrels of biodiesel were produced.

Furthermore, the global low GWP refrigerants market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the Europe region is estimated to grow at a noteworthy pace over the forecast period on the back of rising awareness of phasing out the utilization of HFC refrigerants. According to the European Economic Area, in 2017, more than 90% of Co2 was noticed to be emitted on account of HFCs. Moreover, the Asia Pacific region is projected to acquire the second-largest share in the market on the back of rising awareness of global warming.

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The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

Increasing Demand for Air Conditioners to Foster the Growth of the Market

As of 2018, the global demand for air conditioners was observed to be approximately 100 million units.

Multiple types of refrigerants are utilized in the home air conditioners for more efficient operation. The most common type of refrigerant utilized in air conditioners is R-454B. Refrigerants are capable of releasing and observing more heat and decreasing the risk of burnout in the compressor owing to overheating.  Therefore, such factors are anticipated to propel the growth of the market.

However, the availability of alternative refrigerants in the market is expected to operate as a key restraint to the growth of the global low GWP refrigerants market over the forecast period.

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This report also provides the existing competitive scenario of some of the key players in the global low GWP refrigerants market which includes company profiling of Linde plc, Airgas, Inc., Sinochem Holdings Corporation Ltd., Tazzetti S.p.A., Puyang Zhongwei Fine Chemical Co., Ltd., Harp Internation Ltd., Shandong Yuean Chemical Industry Co., Ltd., A‑Gas International Limited, The Chemours Company, Arkema S.A. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global low GWP refrigerants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.     

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Global HFC Refrigerant Market 2019 | Manufacturers In-Depth Analysis Report to 2024

The latest trending report Global HFC Refrigerant Market 2019-2024 added by DecisionDatabases.com

The worldwide market for HFC Refrigerant is expected to grow at a CAGR of roughly -3.0% over the next five years, will reach 3350.4 million US$ in 2024, from 3779.3 million US$ in 2019.

This report focuses on the HFC Refrigerant in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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Market Segment by Manufacturers, this report covers

    Chemours

    Dongyue Group

    Mexichem

    Arkema

    Zhejiang Juhua

    Daikin

    Sinochem Group

    Linde

    Honeywell

    Sanmei

    Meilan Chemical

Market Segment by Regions, regional analysis covers

    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, Colombia etc.)

    Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

    R-134a

    R-410A

    R-407C

    Others

Market Segment by Applications, can be divided into

    Air Conditioner

    Automotive Air Conditioner

    Refrigerator

    Others

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The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe HFC Refrigerant product scope, market overview, market opportunities, market driving force and market risks. Chapter 2, to profile the top manufacturers of HFC Refrigerant, with price, sales, revenue and global market share of HFC Refrigerant in 2017 and 2018. Chapter 3, the HFC Refrigerant competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the HFC Refrigerant breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019. Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019. Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019. Chapter 12, HFC Refrigerant market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024. Chapter 13, 14 and 15, to describe HFC Refrigerant sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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Other Reports by DecisionDatabases.com:

Global Refrigerant Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Global Natural Refrigerant Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Global R134A Refrigerant Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.

Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.

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Fluorocarbon Gases Market to Witness Rise in Revenues During the Period 2016 – 2026

The compounds and the products utilizing fluorocarbons subsidize significantly to the quality of life while. Over the years many new technologies are being introduced that are fuelling investments in industrial in fluorocarbon gases market to utilize its properties to produce electrical equipment and products at a large scale. The improved technologies in air conditioning in buildings, food-preserving refrigeration, insulation systems, motor vehicles and others.

The industry is entering into a fast moving phase. Growing number of industry players is rising the competition into unprecedented heights. Many fluorocarbon gases have a very high global warming potentials. Fluorinated gases are removed only in the upper atmosphere when they are damaged by sunlight. In general, fluorinated gases are the most long lasting type of gases emitted by human activities.

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The chemicals and materials vertical is slated to witness emphasis shifting towards new-fangled value streams as well as applications driving it. One amongst them would be feedstock volatility, which is bound to influence the export competitiveness throughout. Plus, decarbonisation is making inroads, wherein renewable and recycled feedstock-based polymers are inevitable with regards to product offerings.

Digital sales and remote sales channels are already there to join the bandwagon. The “go green” initiative is bound to go a long way, as things like global warming would never be taken casually again. Persistence Market Research has its team of knowledge and research experts in the form of consultants and analysts to cater to the needs of the key stakeholders.

Fluorocarbon Gases Market: Drivers & Restraints

The growing need of high-end industrial activities in different industrial applications is pushing the end users to invest in and deploy fluorocarbon gases, subsequently growing the global fluorocarbon gases market. The demand is growing in industrial applications such as electronics manufacturing, semiconductors, home appliances etc. which is acting as one of the biggest driver for the increasing demand of the fluorocarbon gases and global fluorocarbon gases market dispersion.

In spite of of being in flammable, compact, and reliable source raw material/compound the fluorocarbon suffers from some challenges such as the changing legislations and strict mandates upon its usage. The gases are ozone depletion substances whose production and usage are controlled under an international agreement called ‘Montreal Protocol’. In some of the regions, usage of CFC’s and HCFC’s is phased out under this international agreement, and are being replaced by HFC’s. This is expected to restrain the global fluorocarbon market from growing.

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Fluorocarbon Gases Market: Segmentation

By format

Feedstocks

Refrigerants

Solvents

Blowing Agents

Aerosol Propellants

By types

HFCs (Hydrofluorocarbons)

CFCs (Chlorofluorocarbons)

HCFCs (Hydrochlorofluorocarbons)

PFCs (Per fluorinated carbons)

Others (SF6 {sulphur hexafluoride})

By application

Consumer Electronics

Refrigeration and Air Conditioning Equipments

Household Appliances

Automotive

Chemicals

Semiconductors

Healthcare

Others (Industrial Solutions, etc.)

Fluorocarbon Gases Market: Regional Outlook

The global fluorocarbon gases market is projected to register a favourable growth for the forecast period, 2015?2025. APAC is projected to withstand its control on the global fluorocarbon gases market. The region is anticipated to uphold its dominance in the global fluorocarbon gases market due to consistently growing demand for fluorocarbon gases from developing economies such as China and India. China is the largest market opportunity in terms of revenue in APAC region. North American and Europe are likely to follow the Asia market in terms of growth in global fluorocarbon gases market.

Fluorocarbon Gases Market: Key Players

Some of the key market participants in global fluorocarbon gases market are Daikin Industries, Electronic Fluorocarbons, LLC, INOX Group, Hindustan Flurocarbons Limited, Fluorocarbon, among others. The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Refrigerant Market: Trends, Growth Drivers, and Future Prospects

The refrigerant market, essential for cooling and refrigeration applications, is undergoing significant transformation. Refrigerants are substances used in air conditioning and refrigeration systems to absorb heat and provide cooling. The market's dynamics are influenced by technological advancements, environmental regulations, and the growing demand for energy-efficient cooling solutions. This article explores the current trends, key drivers, challenges, and future outlook of the refrigerant market.

Market Overview

The refrigerant market encompasses various types of refrigerants, including hydrofluorocarbons (HFCs), hydrochlorofluorocarbons (HCFCs), hydrocarbons (HCs), ammonia, and carbon dioxide (CO2). Each type has specific properties, applications, and environmental impacts. The market is evolving as manufacturers and consumers seek alternatives that balance performance with environmental sustainability.

Key Trends

1. Shift to Low-GWP Refrigerants: One of the most significant trends in the refrigerant market is the shift towards low-global warming potential (GWP) refrigerants. Traditional refrigerants like HFCs and HCFCs, while effective, have high GWPs and contribute to climate change. As a result, there is a growing emphasis on adopting low-GWP alternatives such as HCs, CO2, and hydrofluoroolefins (HFOs). These refrigerants offer similar performance with a reduced environmental footprint.

2. Stringent Environmental Regulations: Environmental regulations are a major driver of change in the refrigerant market. International agreements like the Montreal Protocol and its Kigali Amendment aim to phase out substances that deplete the ozone layer and have high GWPs. These regulations are prompting industries to transition to more sustainable refrigerants. For example, the European Union's F-Gas Regulation mandates a gradual reduction in the use of high-GWP refrigerants, accelerating the adoption of eco-friendly alternatives.

3. Technological Advancements: Technological advancements in refrigeration and air conditioning systems are also influencing the market. Innovations such as variable refrigerant flow (VRF) systems, inverter technology, and advanced heat exchangers enhance the efficiency and performance of cooling systems. These technologies are compatible with new-generation refrigerants, further driving their adoption.

Market Drivers

1. Growing Demand for Cooling Solutions: The global demand for cooling solutions, driven by rising temperatures, urbanization, and increasing living standards, is a significant driver of the refrigerant market. The residential, commercial, and industrial sectors all require efficient cooling and refrigeration systems, boosting the demand for refrigerants.

2. Energy Efficiency: Energy efficiency is a critical consideration in the design and operation of cooling systems. Refrigerants that enhance the energy efficiency of these systems are in high demand. Energy-efficient refrigerants not only reduce operating costs but also contribute to environmental sustainability by lowering greenhouse gas emissions.

3. Industrial and Commercial Applications: The industrial and commercial sectors, including food processing, pharmaceuticals, and data centers, rely heavily on refrigeration systems. These sectors require reliable and effective cooling solutions to maintain product quality, safety, and operational efficiency. The growing need for refrigeration in these applications is driving the demand for high-performance refrigerants.

Challenges

1. High Costs of Alternative Refrigerants: The transition to low-GWP refrigerants involves higher costs, both in terms of the refrigerants themselves and the necessary modifications to existing systems. These costs can be a barrier for small and medium-sized enterprises (SMEs) and limit the widespread adoption of sustainable refrigerants.

2. Safety Concerns: Some low-GWP refrigerants, such as hydrocarbons and ammonia, are flammable or toxic, posing safety risks. Ensuring the safe handling, storage, and use of these refrigerants requires stringent safety measures and training, which can be challenging to implement across all sectors.

3. Infrastructure and Technology Compatibility: The existing infrastructure and cooling systems are often designed for traditional refrigerants. Transitioning to alternative refrigerants may require significant retrofitting or replacement of equipment, leading to operational disruptions and additional costs.

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Future Outlook

The future of the refrigerant market is shaped by the ongoing efforts to balance performance, environmental impact, and cost. The following trends are expected to influence the market's trajectory:

1. Innovation and Research: Continued innovation and research in refrigerant chemistry and cooling technologies will drive the development of new refrigerants with improved properties. The focus will be on creating refrigerants that offer high energy efficiency, low GWP, and safety.

2. Regulatory Support: Governments and international bodies are likely to introduce more stringent regulations and incentives to promote the adoption of eco-friendly refrigerants. Supportive policies and financial incentives can accelerate the transition to sustainable refrigerants.

3. Market Expansion in Emerging Economies: Emerging economies, particularly in Asia-Pacific and Latin America, are experiencing rapid urbanization and industrialization. The growing demand for cooling solutions in these regions presents significant opportunities for the refrigerant market. The adoption of sustainable refrigerants in these markets will be crucial for global environmental goals.

In conclusion, the refrigerant market is poised for significant growth and transformation, driven by the increasing demand for cooling solutions, technological advancements, and environmental regulations. While challenges exist, the focus on sustainability and energy efficiency presents opportunities for innovation and market expansion. As the world continues to prioritize environmental conservation, the refrigerant market will play a critical role in shaping the future of cooling and refrigeration technologies.

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Hydro Chlorofluorocarbon (HCFC) Market Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Hydrochlorofluorocarbon (HCFC) is a manmade compound used as refrigerants, aerosols, and in foam manufacture. They are chemically similar to chlorofluorocarbons and exhibit similar properties, having low boiling points which make them ideal in the foam blowing and refrigeration industry. Unlike CFCs, HCFCs are volatile and have a lower global warming potential. They are classified as VOCs and rise up to stratosphere damaging the ozone layer, though are less potent than CFC’s. HCFC’s have replaced CFC’s in many applications and are in the process of being phased out themselves. They are used in commercial refrigeration, foam blowing and residential air conditioning, and are gradually being replaced by hydro fluorocarbons (HFCs).

HCFC Market Taxonomy

On basis of type of HCFC

HCFC 22

HCFC 141b

HCFC 142b

HCFC 123

HCFC 124

HCFC 225ca

HCFC 225cb

On basis of Application

Refrigeration

Domestic

Commercial

Transport

Large Scale Refrigerators

Supermarkets

Industrial

Chillers

Displacement

Centrifugal

HCFC Market Outlook

The foam, refrigeration and air-conditioning market has a scope for market growth in Asia Pacific and African markets due to high demand from end use industries. Blowing agents are required in construction, packaging and manufacture of appliances. Yet the environmental concerns of ozone layer depletion and global warming has led to restriction of HCFC as refrigerant. Hence, Asian and

African markets face a challenge of meeting market needs and reducing climate change at the same time. A shift from fluorocarbons to alternatives is expected during the forecast period.

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Major Keyplayers: Honeywell International Inc, Exxon Mobil Corporation, E.I. du Pont de Nemours & Company, Harp International Ltd, Daikin Industries, Ltd., Arkema S.A., Sinochem Group, Solvay S.A., and ZEON Corporation

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Refrigerants Market Report 2021: Exponential Growth by Market Size, Share, Trends and Analysis to 2026

Refrigerants Market 2021-2026 The Global Refrigerants Market involves an ideal combination of primary and secondary research with the help of which the experts’ inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability.

The Major Players Covered in this Report: Honeywell International Inc, DAIKIN INDUSTRIES, Ltd., Dongyue Group, Arkema S.A., Linde Group, SINOCHEM GROUP CO., LTD., Engas Australasia, Hess Corporation, Deepfreeze Refrigerants Inc., Tazzetti S.p.A, Airgas, Inc., HyChill Australia, Orbia Advance Corporation S.A.Bde CV, The Chemours Company, Air Liquide, Puyang Zhongwei Fine Chemical Co.,Ltd., Shandong Yuanlian Chemical Co.,Ltd., AGas International Limited

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 By Product Type, Chlorofluorocarbons (CFCs), Hydrofluorocarbons (HFCs), Hydrochlorofluorocarbons (HCFCs), HydroFluoroOlefin (HFOs), Carbon Dioxide, Ammonia, Propane,  By Application, Air Conditioners, Refrigerators, Chillers & Heat Pumps, Others,  By End-User, Residential, Commercial, Automotive, Industrial, Marine

The report specifically highlights the Refrigerants market share, company profiles, regional outlook, product portfolio, a record of the recent developments, strategic analysis, key players in the market, sales, distribution chain, manufacturing, production,  new market entrants as well as existing market players, advertising, brand value, popular products, demand and supply, and other important factors related to the Refrigerants market to help the new entrants understand the market scenario better.

Important factors like strategic developments, government regulations, Refrigerants market analysis, end-users, target audience, distribution network, branding, product portfolio, market share, threats and barriers, growth drivers, latest trends in the industry are also mentioned.

Regional Analysis For Refrigerants Market:

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, Colombia, etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Refrigerants are as follows:

• History Year: 2014-2019 • Base Year: 2019 • Estimated Year: 2020 • Forecast Year 2021 to 2026 The main steps in the investigation process are:

1) The first step in market research is to obtain raw market information from industry experts and direct research analysts using primary and secondary sources.

2) Extracts raw data from these sources to extract valuable insights and analyze them for research purposes.

3) Classify the knowledge gained by qualitative and quantitative data and place it accordingly to make final conclusions.

Key Questions Answered in the Report:

• What is the current scenario of the Global Refrigerants Market? How is the market going to prosper throughout the next 6 years? • What is the impact of COVID-19 on the market? What are the major steps undertaken by the leading players to mitigate the damage caused by COVID-19? • What are the emerging technologies that are going to profit the market? • What are the historical and the current sizes of the Global Refrigerants Market? • Which segments are the fastest growing and the largest in the market? What is their market potential? • What are the driving factors contributing to the market growth during the short, medium, and long term? What are the major challenges and shortcomings that the market is likely to face? How can the market solve the challenges? • What are the lucrative opportunities for the key players in the Refrigerants market? • Which are the key geographies from the investment perspective? • What are the major strategies adopted by the leading players to expand their market shares? • Who are the distributors, traders, and dealers of the Global Refrigerants market? • What are sales, revenue, and price analysis by types and applications of the market? For More Details On this Report: https://straitsresearch.com/report/Refrigerants-market

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Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enables us to determine greater insights by eliminating the research costs. Moreover, we're continually developing, not only with regards to where we measure, or who we measure but in how our visions can enable you to drive cost-effective growth.

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Fluorochemicals Market Regional Outlook By Service, Deployment and Organization

The global Fluorochemicals Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

The global Fluorochemicals Market is expected to reach USD 31.21 billion by 2024. Growing setting up of HVAC arrangements in industrialized and automobile divisions is projected to increase use of refrigerants and accordingly expected to trigger the demand for fluorochemicals in the near future. The fluorochemicals industry is estimated to touch 5398.2 kilo tons by the completion of the prediction period, growing at a CAGR of 4.3% from 2014 to 2024.

Key Players:

3M

DuPont

Daikin

Solvay SA.

Asahi Glass

Arkema

Honeywell

Dongyue

Pelchem

Air Products & Chemicals Inc.

Mitsui Chemicals Inc.

Halocarbon Products Corp

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Growth Drivers:

Growth in demand for cooling systems and refrigeration in housing and industrialized division owing to modifications in standard of living and progress in the necessity of refrigeration for the storing of foodstuff products will expand the scope of the fluorochemicals market. Greater confrontation to carbon-based acids, bases and dilutors, presented by fluorochemicals are projected to be critical for increasing demand in the applications such as building construction, electronics and automobile, above the prediction period. Yet, there is a reliable risk from ammonia by way of a substitute creation, due to its low-slung price.

Application Outlook:

Refrigeration

Aluminum Production

Blowing Agents

Components and others

The subdivision of Refrigerant applications ruled the international market for fluorochemicals. It was responsible for more than 40% stake of the general capacity during the year 2013. Growing significance of unpolluted air arrangements in manufacturing business together with growing setting up of HVAC arrangements in automobiles is projected to drive the progress of the business in the nearby future.

Product Outlook:

FluorocarbonsHCFC HFC and others

Fluoropolymers

Inorganics and Specialties

The market for the subdivision of Fluoropolymers is projected to observe substantial improvements above the prediction period. It will be increasing by a CAGR of 10.2%, by means of capacity. Growing ingestion of fluoropolymers in the manufacturing of automobile, electronics and building construction because of giving greater stretchable strength and electrical protection is likely to take an optimistic influence above the prediction period.

Regional Outlook:

The fluorochemicals industry is divided by region as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. By the source of geography, the Asia Pacific is the most important area in the fluorochemical market. The group of emerging markets motivating demand for fluorochemicals for the usage in diverse applications and businesses, has boosted the market in the Asia Pacific.

North America and Europe are the established markets for fluorochemicals. Guidelines through dissimilar businesses and uses for example manufacture of refrigerants, foodstuff & liquid refreshment, aluminum, plastic foams, etc. have given rise to the progress of the market within these two areas. In contrast, Latin America and the Middle East & Africa represent a comparatively reduced stake in the fluorochemicals industry because of the unpredictability of the governments, in the areas, which is impeding progress of the economy.

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