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North America Refrigerant Market By Application (Large-scale Refrigerators, Air Conditioners, Refrigerators, Chillers, And Heat Pumps), By Type (HCFC, HFC, HFO, Propane, Ammonia, Isobutane, And CO2) - Industry Analysis, Size, Share, Growth, Trends, And Forecast (2022 to 2027)

Published: January, 2022
ID: 7819
Pages: 145

North America Refrigerant Size and Growth 2022-2027:

North America Refrigerant Market size was around USD 2.68 billion in 2021. It is expected to grow at a CAGR of 4.5% to reach USD 3.34 billion by 2026 and the forecast period from 2022-2027

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.

North America Refrigerant Segmentation:

The Refrigerant market is segmented by type and by application.

By Type:

  • HCFC (Hydrochlorofluorocarbons)
  • HFC (Hydrofluorocarbons)
  • HFO (Hydrofluoro-olefins)
  • Propane, Ammonia, Isobutane
  • 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, hydrochlorofluorocarbon 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.

North America Refrigerant market geography Analysis:

By Geography, the North America market is segmented into

  • US
  • Canada.

The region is regulated by various legislations, which have prompted users to shift toward hydrocarbon and inorganic refrigerants. Firms are continuously endeavouring to consolidate their presence through product development and application branching-out strategies. Advanced and cost-efficient solutions that meet both end-user stipulations and supervisory standards are significant determinants for competitive edge.

North America Refrigerant market Key players:

  1. Arkema
  2. The Linde Group
  3. Honeywell International Inc.
  4. Asahi Glass Co.
  5. Sinochem Group
  6. Hychill
  7. Hess Corporation
  8. Airgas Inc.
  9. A-gas international
  10. Dongyue Group
  11. Dupont

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 United States                            

                6.3 Canada                         

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      

                8.11 Dupont                

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                              

  1. North America Refrigerant Market By Application, From 2022 - 2027 ( USD Billion )

  2. North America Large Scale Refrigerators Market By Region, From 2022 - 2027 ( USD Billion )

  3. North America Air Conditioners Market By Region, From 2022 - 2027 ( USD Billion )

  4. North America Refrigerators Market By Region, From 2022 - 2027 ( USD Billion )

  5. North America Chillers Market By Region, From 2022 - 2027 ( USD Billion )

  6. North America Heat Pumps Market By Region, From 2022 - 2027 ( USD Billion )

  7. North America Refrigerant Market By Type, From 2022 - 2027 ( USD Billion )

  8. North America HCFC Market By Region, From 2022 - 2027 ( USD Billion )

  9. North America HFC Market By Region, From 2022 - 2027 ( USD Billion )

  10. North America HFO Market By Region, From 2022 - 2027 ( USD Billion )

  11. North America Propane Market By Region, From 2022 - 2027 ( USD Billion )

  12. North America Ammonia Market By Region, From 2022 - 2027 ( USD Billion )

  13. North America Isobutane Market By Region, From 2022 - 2027 ( USD Billion )

  14. North America CO2 Market By Region, From 2022 - 2027 ( USD Billion )

  15. United States Refrigerant Market By Application, From 2022 - 2027 ( USD Billion )

  16. United States Refrigerant Market By Type, From 2022 - 2027 ( USD Billion )

  17. Canada Refrigerant Market By Application, From 2022 - 2027 ( USD Billion )

  18. Canada Refrigerant Market By Type, From 2022 - 2027 ( USD Billion )

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