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Pulished Date April, 2021
ID: 7818
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Refrigerant Market by Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, Air, Water, Propene, Isopentane), Application (Domestic, Commercial, Industrial, Chillers, Split AC, VRF, Window, MAC) and Region - Global Forecast to 2026

Pulished: April, 2021
ID: 7818
Pages: 175

Refrigerant market Value and Growth:

Refrigerant market was estimated at USD 22.9 billion in 2020 and expected to reach USD 31.0 billion by 2025, growing at a rate of 6.2% CAGR.

The sector is projected to form the prediction era through increased demand for energy-efficient cooling alternatives and increased consciousness of worldwide warming and ozone depletion. Fluorocarbon phases have resulted in a re-emergence of demand for natural Refrigerant, as set out in the Montreal Protocol and modified by the Kyoto Protocol. There is, therefore, an anticipated development in the hydrocarbon and inorganic sections.More industrialization has resulted in the creation of a significant amount of data centres after that increasing Refrigerant supply in developing markets as China, India and Japan. The worldwide refrigerant market will further increase factors such as the increase in production facilities in all parts of Asia Pacific and the increase in demand for enhanced servicing of agricultural machinery.

Recent developments in Refrigerant market:

  • Arkema SA created Forane 449A with low-level GWP and compatible with R404A/507A devices in May 2020(France).
  • In February 2017, US$ 230 million was spent in the opening of a fresh manufacturing plant in Texas. Opteon's products are anticipated to be capable of doubling their capacities.
  • By launching a new product range for the Opteon XL range in October 2016, The Chemours Company (US) has extended its brand portfolio. The coolants will have cooling and air conditioning apps.
  • A full-scale manufacturing plant was launched in November 2015 in Changsu, China, in partnership with Changsu 3F Zhanghao. The plant produces HFO-1336 mzz, with minimal GWP scores.

Refrigerant Market segmentation:

By Application

Domestic, business, industrial cooling; chillers; windows, divided, VRF and other air-conditioning systems; and MAC have been segmented on the grounds of implementation to produce refrigerant products. Increasing construction industry in APAC is responsible for an increase in the consumption of refrigerant products in separate ACs. Because of the rising inhabitants and the increasing number of atomic relatives, the building production of APAC nations is gradually increasing. The sector is also driven by the increased buying strength of the middle-class inhabitants and growing living norms. Between 2020and 2025, these variables will boost the Refrigerant market.

By type 

On a model basis, HCFCs, HFPs, isobutane, propane, ammonia, carbon dioxide, etc., have been segmented on the refrigerant industry. APAC is growing popular with ammonia Refrigerant, primarily because of reduced emissions of carbon dioxide. Factors such as China's rise as the worldwide industry leader and India's and Indonesian development as the fastest-growing food markets increase the requirement for ammonium coolants in the region.

Refrigerant market Drivers and market limitations:

  • The Refrigerant market size is exponentially expanding owing to following:
  • Increasing equipment requirement.
  • Increased demand for national, commercial and industrial Refrigerant from apps
  • Restraints of Refrigerant market can be
  • Strict safety and protection rules.
  • High set up cost.
  • Opportunities of Refrigerant market can be
  • Increased penetration of eCommerce through vertical sector.

Refrigerant market Key players:

Arkema S.A., Dongyue Group Co. (France) (France). The Chemours Company (US), The Linde Group (Ireland), Air Liquid (France), Sinochem Lantian Co. Ltd. (China) and Air Limits Linde International Company Inc. GmbH, Daikin Industries (Japan), Mexico City and Asahi Glass Corporation (Japan). Ltd. (China), are the main market players focused in this study.




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 Type                              

                                5.1.1 Introduction           

                                5.1.2 HCFC          

                                5.1.3 HFC            

                                5.1.4 HFO            

                                5.1.5 Isobutane

                                5.1.6 Propane   

                                5.1.7 Ammonia 

                                5.1.8 Carbon Dioxide     

                                5.1.9 Isopentane             

                                5.1.10  Y-o-Y Growth Analysis, By Type  

                                5.1.11  Market Attractiveness Analysis, By Type                

                                5.1.12  Market Share Analysis, By Type  

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Domestic 

                                5.2.3 Commercial            

                                5.2.4 Industrial 

                                5.2.5 Chillers      

                                5.2.6 Split AC     

                                5.2.7 VRF            

                                5.2.8 Window   

                                5.2.9 MAC          

                                5.2.10 Y-o-Y Growth Analysis, By Application      

                                5.2.11 Market Attractiveness Analysis, By Application    

                                5.2.12 Market Share Analysis, By Application      

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Type

                                       By Application

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Type

                                       By Application

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Type

                                       By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

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 S.A.                               

                                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 Dongyue Group Co. (France)                              

                8.3 The Chemours Company (Us)                            

                8.4 The Linde Group (Ireland)                    

                8.5 Air Liquid (France)                   

                8.6 Sinochem Lantian Co. Ltd. (China)                    

                8.7 Air Limits Linde International Company Inc. GmbH                    

                Dalkin Industries (Japan)                             

                8.9 Mexico City                

                8.10 Asahi Glass Corporation (Japan)                      

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                                         


                a) List of Tables                

                b) List of Figures                              

  • Global 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


  • Global Refrigerants  Market By Region, From 2020-2025 ( USD Million )
  • Global Refrigerants  Market By  Type, From 2020-2025 ( USD Million )
  • Global  Introduction Market By Region, From 2020-2025 ( USD Million )
  • Global  HCFC Market By Region, From 2020-2025 ( USD Million )
  • Global  HFC Market By Region, From 2020-2025 ( USD Million )
  • Global HFO Market By Region, From 2020-2025 ( USD Million )
  • Global Isobutane Market By Region, From 2020-2025 ( USD Million )
  • Global Propane Market By Region, From 2020-2025 ( USD Million )
  • Global Ammonia Market By Region, From 2020-2025 ( USD Million )
  • Global  Carbon Dioxide Market By Region, From 2020-2025 ( USD Million )
  • Global Isopentane Market By Region, From 2020-2025 ( USD Million )
  • Global Refrigerants  Market By Application, From 2020-2025 ( USD Million )
  • Global  Introduction Market By Region, From 2020-2025 ( USD Million )
  • Global  Domestic Market By Region, From 2020-2025 ( USD Million )
  • Global Commercial Market By Region, From 2020-2025 ( USD Million )
  • Global Industrial Market By Region, From 2020-2025 ( USD Million )
  • Global  Chillers Market By Region, From 2020-2025 ( USD Million )
  • Global  Split AC Market By Region, From 2020-2025 ( USD Million )
  • Global  VRF Market By Region, From 2020-2025 ( USD Million )
  • Global  Window Market By Region, From 2020-2025 ( USD Million )
  • Global  MAC Market By Region, From 2020-2025 ( USD Million )

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