Asia Pacific Refrigerant market Value and Growth:
Asia Pacific Refrigerant market size was around USD 5.36 billion in 2021. It is expected to grow at a CAGR of 5.4% to reach USD 6.98 billion by 2026.
Refrigerant is a chemical combination of fluids, which operate as cooling agents in heat pumps & refrigeration cycles. It functions on the theory of phase transition and can be utilized either as primary working fluids in absorption refrigeration systems or as secondary fluids to transfer thermal energy from one medium to another.
The growth in the Refrigerant market is driven by numerous factors such as rise in usage of refrigerants in automobiles & food products and improved living standards. These are the vital factors fast-tracking the growth of the refrigerants market. Additionally, mobile ACs and chillers are anticipated to witness speedy adoption in commercial refrigeration. However, the use of halons such as chlorofluorocarbon (CFC) and hydro-chlorofluorocarbons (HCFC) have a significant adverse effect on the environment. As a result, novel environment-friendly refrigerant substances have been developed over the last few years, such as R-410A, R-404A, and R-407C.
The Refrigerant market is segmented by type and by application. By type, the market is categorized into HCFC (Hydrochlorofluorocarbons), HFC (Hydro fluorocarbons), HFO (Hydrofluoro-olefins), Propane, Ammonia, Isobutane, and CO2. Hydrocarbons accounted for the major share of the market over the last decade and this can be attributed to the high demand for hydrocarbons due to the increasing utilization of refrigeration and AC devices. However, hydro chlorofluorocarbon and fluorocarbon are expected to be phased out by 2040 due to environmental concerns, which would lead to opportunities for other refrigerants. On the basis of Application, the market is segmented into Large-scale Refrigerators, Air Conditioners, Refrigerators, Chillers, and Heat Pumps. The air conditioners section is estimated to account for the highest revenue under this segment and this trend is not expected to change anytime soon.
Asia Pacific Refrigerant market geography Analysis:
India,
China,
Korea,
Japan,
Australia,
India,
and others. The surge in per capita disposable salaries in developing nations such as China, India, Malaysia, and Indonesia has contributed to an unprecedented increase in energy demands in this region. Large-scale investments in conjunction with the increasing standards of living are expected to guide the growth of this regional refrigerants market.
Asia Pacific Refrigerant Market Key players
Arkema
The Linde Group
Honeywell International Inc.
Asahi Glass Co.
Sinochem group
Hychill
Hess Corporation
Airgas Inc.
A-gas international
Dongyue Group
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Application
5.1.1 Introduction
5.1.2 Large Scale Refrigerators
5.1.3 Air Conditioners
5.1.4 Refrigerators
5.1.5 Chillers
5.1.6 Heat pumps
5.1.7 Y-o-Y Growth Analysis, By Application
5.1.7 Market Attractiveness Analysis, By Application
5.1.8 Market Share Analysis, By Application
5.2 Type
5.2.1 Introduction
5.2.2 HCFC (Hydrochlorofluorocarbons)
5.2.3 HFC (Hydrofluorocarbons)
5.2.4 HFO (Hydrofluoro-olefins)
5.2.5 Propane
5.2.6 Ammonia
5.2.7 Isobutane
5.2.8 CO2
5.2.9 Y-o-Y Growth Analysis, By Type
5.2.10 Market Attractiveness Analysis, By Type
5.2.11 Market Share Analysis, By Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Application
6.1.3.3 By Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Application
6.1.4.3 By Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Application
6.1.5.3 By Type
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Arkema
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 The Linde Group
8.3 Honeywell International Inc.
8.4 Asahi Glass Co
8.5 Sinochem group
8.6 Hychill
8.7 Hess Corporation
8.8 Airgas Inc.
8.9 A-gas international
8.10 Dongyue group
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of Application, by type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Asia Pacific Refrigerant Market By Application, From 2021-2026 ( USD Billion )
Asia Pacific Large Scale Refrigerators Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Air Conditioners Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Refrigerators Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Chillers Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Heat Pumps Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Refrigerant Market By Type, From 2021-2026 ( USD Billion )
Asia Pacific HCFC Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific HFC Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific HFO Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Propane Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Ammonia Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific Isobutane Market By Region, From 2021-2026 ( USD Billion )
Asia Pacific CO2 Market By Region, From 2021-2026 ( USD Billion )
Japan Refrigerant Market By Application, From 2021-2026 ( USD Billion )
Japan Refrigerant Market By Type, From 2021-2026 ( USD Billion )
China Refrigerant Market By Application, From 2021-2026 ( USD Billion )
China Refrigerant Market By Type, From 2021-2026 ( USD Billion )
India Refrigerant Market By Application, From 2021-2026 ( USD Billion )
India Refrigerant Market By Type, From 2021-2026 ( USD Billion )
Australia Refrigerant Market By Application, From 2021-2026 ( USD Billion )
Australia Refrigerant Market By Type, From 2021-2026 ( USD Billion )
South Korea Refrigerant Market By Application, From 2021-2026 ( USD Billion )
South Korea Refrigerant Market By Type, From 2021-2026 ( USD Billion )
