Global Refrigerant Market was valued US$ 3.36 in 2019 and is estimated to reach US$ XX Bn at a CAGR of XX %.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Improving standard of living, dual income families and increasing disposable income is driving the market growth in developing countries. Rapid industrialization followed by infrastructural developments along with the increasing number of increasing demand for consumer appliances has created new opportunities and gateways for OEM. Increasing identification of the environmental impact associated with the use of refrigeration and air conditioning equipment has brought about changes in the composition of refrigerant gases and in the way they are being used.
Some consumer products industries, like the food and beverage industry as well as the automotive industry are at an all-time peak, due to increasing population and growing disposable income among the urban areas. This growth is impacting positively on the global refrigerant market, as the trend for packaged food and mobile refrigeration growths. The growth of other remotely linked industries like construction, oil and gas, and pharmaceutical is also expected to boost the demand during the forecast period.
Based on the type of refrigerant, the segment of fluorocarbons accounts for the XX% share, while the growth rate of this segment is anticipated to be slow during the forecast period, due to stringent government regulations like F-gas and Montreal Protocol. As a result, the segment of inorganic refrigerants is expected for the highest growth rate during the forecast period. By application, the segments of domestic and industrial refrigeration attend high demand and are anticipated to persist most prominent during the forecast period.
Based on regional segment, the global refrigerant market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific accounted for the XX% market share and is expected to witness the XX% market share during the forecast period. China is one of the fastest growing economies worldwide and almost all the end-user industries have been go through a significant growth, due to the increasing population, living standards, and per capita income. However, due to the international trade turbulences and unfavorable geopolitical affairs, the growth rate is anticipated to slow down in the initial years of the forecast period. But the growth is anticipated to speed up in the later part of forecast period, considering the favorable conditions and relations in the future. Also North America and Europe are prominent regions in terms of volume. The market in Latin America is projected to grow substantially throughout the forecast period due to the increase in the industrialization.
Key player operating in the Global Refrigerant Market are Daikin Industries Ltd., SRF Ltd., Honeywell International, Arkema SA, Mexichem Fluor S.A. de C.V., Dongyue Group, Navin Fluorine International Ltd., E.I. du Pont Nemours & Co., SRF Ltd., Chemours Company, The Linde Group, Sinochem Group, Airgas Inc., Tazzetti SPA, Deepfreeze Refrigerants Inc., Hess Corporation, General Utilities, HyChill, Engas Australasia, Shandong Yuan Chemical Company Limited, A-Gas International, Puyang Zongwei Fine Chemical Co. Ltd., and Sinochem are major player operating in the global refrigerant market.
The objective of the report is to present a comprehensive analysis of the Global Refrigerant Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Refrigerant Market dynamics, structure by analyzing the market segments and project the Global Refrigerant Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Refrigerant Market make the report investor’s guide.
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Scope of the Global Refrigerant Market
Global Refrigerant Market, by Product:
Global Refrigerant Market, By Application:
• Large-scale Refrigerators
• Air Conditioners
• Heat Pumps
Global Refrigerant Market, by Region:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player in Global Refrigerant Market:
• Daikin Industries Ltd.
• SRF Ltd.
• Honeywell International
• Arkema SA
• Mexichem Fluor S.A. de C.V.
• Dongyue Group
• E.I. du Pont de Nemours & Co.
• Navin Fluorine International Ltd.
• Chemours Company
• The Linde Group
• Sinochem Group
• Airgas Inc.
• Tazzetti SPA
• Deepfreeze Refrigerants Inc.
• Hess Corporation
• General Utilities
• Engas Australasia
• Shandong Yuan Chemical Company Limited
• A-Gas International
• Puyang Zongwei Fine Chemical Co. Ltd.
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