Market Size | CAGR | Dominating Region |
---|---|---|
USD 581.30 Million | 3.8% | Asia Pacific |
By Material Type | By Blend Type | By Application | By Region |
---|---|---|---|
|
|
|
|
SCOPE OF THE REPORT
HFC refrigerant market Overview
The global HFC refrigerant market is expected to grow at 3.8% CAGR from 2022 to 2029. It is expected to reach above USD 581.30 Million by 2029 from USD 415.55 Million in 2023.
In the refrigeration cycle of air conditioners and heat pumps, refrigerants are working fluids that typically go through numerous phase changes from a liquid to a gas and back again. Due to their toxicity, flammability, and roles in ozone depletion and climate change, CFC and HCFC refrigerants as well as HFC refrigerants are extensively controlled. In a DX (Direct Expansion), refrigerants are utilized to move energy from inside to outside (for cooling) or from outside to inside (for heat pumps or reverse cycle heat pumps). Air and water cannot compare to the amount of energy that refrigerants can carry per kg. The most widely utilized refrigerant gases worldwide are hydrofluorocarbons (HFC s), which have successfully replaced chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFC). Hydrofluorocarbons, a more environmentally friendly substitute for the traditional CFCs and HCFCs, have no potential to destroy the ozone layer. Third-generation fluorinated HFC refrigerants are often used in air conditioning and refrigeration systems. HFC s satisfy the needs of end use industries in terms of safety, dependability, availability, efficiency, and cost. They also have good refrigerant qualities. Hydrogen, fluorine, and carbon make up HFC s, which are free of chlorine. They don’t harm the ozone in the stratosphere. HFC s are also frequently utilized in fire prevention, aerosol propellants, and insulating foams, among other things. HFC s are essentially inert, chemically stable, and non-reactive. HFC s are widely utilized as refrigerants in a variety of cooling systems, including refrigerators and car air conditioners. Due to the rising demand for air conditioning systems, cooling systems, and freezers around the world, the use of HFC s is anticipated to rise dramatically in the upcoming years. HFC s, however, are strong greenhouse gases that significantly contribute to global warming. As a result, there are now strict rules governing the production and usage of HFC s. One of the major factors anticipated to somewhat impede market expansion over the projected period is the development of safer and greener alternatives to HFC s in response to growing concerns around this.
ATTRIBUTE | DETAILS |
Study period | 2023-2029 |
Base year | 2022 |
Estimated year | 2023 |
Forecasted year | 2023-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Million), (Kilotons) |
Segmentation | By Type, By blend type, By Application, By Region |
By Type |
|
By Blend type |
|
By Application |
|
By Region |
|
The refrigerant sector is going through a major transformation. The worldwide shift toward sustainable development is one of two key drivers of this trend. The global economy now includes sustainable development, which was formerly merely a topic of discussion at international conferences. Investors are putting more money into green development, and OEMs are focusing their research on eco-friendly goods. On the demand side, informed consumers are willing to pay more for mature consumption in the industrialized world. These two significant shifts have also had an effect on the refrigerants market, as it can be seen that the share of hydrocarbons in the refrigerant type is rising while the share of fluorocarbons is declining.
Due to lockdowns, travel restrictions, and business closures, the COVID-19 pandemic had an impact on the economy and industries of numerous nations. Due to value chain disruptions brought on by the closure of domestic and international borders in 2020, a number of companies had to scale back their operations, which resulted in a decline in the demand for refrigerants from a number of sectors. Price volatility in the raw materials needed to create refrigerants was brought on by the COVID-19 pandemic. Due to a decrease in demand from many industries, including manufacturing and construction, the world’s consumption of refrigerants has decreased. The COVID-19 pandemic cut demand from a number of businesses, which had a negative effect on the refrigerant market’s expansion. However, as many economies begin to operate again, the need for refrigerants is anticipated to increase internationally.
HFC refrigerant market Segment Analysis
The global HFC refrigerant market is segmented based on type, blend type, application and region.
Based on type, the global HFC refrigerant market has been divided into R-23, R-32, R-125, R-134a, and other categories based on refrigerant type. Because of its widespread use in numerous air conditioning applications, the R-134a segment is anticipated to experience significant revenue growth throughout the projected period. Due to its non-toxic, non-corrosive, and non-flammable qualities, R-134a is now used as a practical replacement for R-12 CFC refrigerant and is safe to handle. In the pharmaceutical industry, home and commercial chillers, and air conditioning systems in new automobiles, it serves as a propellant. These are a few important elements influencing this segment’s revenue growth.
Based on Application, the global HFC refrigerant market has been divided into refrigeration system, air conditioning system, chillers and MAC. A growing demand for refrigeration and cooling systems from various end-use industries is predicted to lead to the refrigeration segment, accounting for the biggest revenue share in the global market. HFC s can save electricity use and costs since they are energy-efficient. The growing demand for refrigerators from the pharmaceutical and biotechnology industries is also a major driver of the refrigeration segment’s revenue growth.
Based on Blend type, The HFC refrigerants have been divided into R-404A, R-407A, R-406B, R-410A, and other HFC Â refrigerants categories. Due to the rising demand for R-410A refrigerant as an alternative to R-22 in commercial and domestic air conditioners around the world, the R-410A segment revenue is anticipated to grow at a strong revenue CAGR over the projected period. When compared to R-22, R-410A allows for a greater SEER (Seasonal energy efficiency ratio) rating while using less power. It also does not contribute to ozone depletion. The adoption of R-140A has increased globally due to the possibility that R-410A systems will have less of an overall negative influence on global warming as a result of reduced power consumption.
HFC refrigerant market Players
The HFC refrigerant Market Key Players Include Honeywell International, Zhejiang Juhua, co. Ltd., Daikin, Navin Fluorine International Ltd. (NFIL), Gujarat Fluorochemicals (GFL), Arkema, Jiangsu Bluestar Green Technology, Shandong Yue’an Chemical Co., Ltd, Chemours, and Zhejiang Weihua Chemical Co., Ltd.
To diversify their product offerings and establish a solid foothold in the market, major market players are concentrating on R&D efforts and establishing strategic alliances through mergers and acquisitions, joint ventures, collaborations, and other means.
For corporate expansion, these key leaders are implementing strategic formulations such as new product development and commercialization, commercial expansion, and distribution agreements. Moreover, these participants are substantially spending in product development, which is fueling revenue generation.
Recent Developments
MORRIS PLAINS, N.J. and IRVING, Texas, July 24, 2019 —  Honeywell and 7-Eleven, Inc. today announced the adoption of Honeywell Solstice® N40 (R-448A) refrigerant as 7-Eleven’s standard for remote condensers supporting their refrigeration cases installed across the United States and Canada
Who Should Buy? Or Key Stakeholders
- Investors
- Manufacturing companies
- Automotive Industry
- Medical Industry
- Government Institution
- End user companies
- Research Organizations
- Food & Beverage Industry
- Environment, Health and Safety Professionals
- Regulatory Authorities
- Others
HFC refrigerant market Regional Analysis
The HFC refrigerant market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
According to regional analysis, the Asia Pacific market is anticipated to experience strong revenue CAGR growth over the forecast period due to rising demand for refrigeration, air conditioners, and cooling systems, expanding HFC Â use in new automobile air conditioners, rising disposable income, and the region’s quick urbanization.
Over the course of the forecast period, North America is anticipated to experience significant revenue growth, which can be attributed to the region’s strong key player presence, rising disposable income and changing lifestyle preferences, growing need for commercial and industrial refrigeration, increased R&D to create environmentally friendly HFC s, and rising demand for air conditioners. Prior to this North American market is facing challenges due to rules and regulations compelled by the government.
Key Market Segments: HFC refrigerant Market
HFC Refrigerant Market by Material Type, 2023-2029, (USD Million), (Kilotons)
- R-23
- R-32
- R-125
- R-134a
- Others
HFC Refrigerant Market by Blend Type, 2023-2029, (USD Million), (Kilotons)
- R-404a
- R-407a
- R-407b
- R-410a And
- Others
HFC Refrigerant Market by Application, 2023-2029, (USD Million), (Kilotons)
- Refrigeration System
- Air Conditioning System
- Chillers
- Mac
HFC Refrigerant Market by Region, 2023-2029, (USD Million), (Kilotons)
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global HFC refrigerants Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On HFC refrigerants Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global HFC refrigerants Market Outlook
- Global HFC refrigerants Market by type, 2020-2029, (USD MILLIONS), (KILOTONS)
- R-23
- R-32
- R-125
- R-134A
- Others
- Global HFC refrigerants Market by Blend type, 2020-2029, (USD MILLIONS), (KILOTONS)
- R-404A
- R-407A
- R-406B
- R-410A
- Others
- Global HFC refrigerants Market by Application, 2020-2029, (USD MILLION), (KILOTONS)
- Refrigeration system
- Air conditioning system
- Chillers
- MAC
- Global HFC refrigerants Market by Region, 2020-2029, (USD MILLION), (KILOTONS)
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
-
-
- HONEYWELL INTERNATIONAL
- Zhejiang Juhua, co. Ltd
- Daikin
- Navin Fluorine International Ltd.
- Gujarat Fluorochemicals
- Arkema
- Jiangsu Bluestar
- Shandong Yue’an Chemical Co., Ltd
- Chemours
- Zhejiang Weihua Chemical Co., Ltd. *The Company List Is Indicative
-
LIST OF TABLES:
TABLE 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 2 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 3 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 4 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 5 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 6 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 7 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 8 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY REGION (KILOTONS) 2020-2029
TABLE 9 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â US HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â US HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â US HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â UK HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â UK HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â UK HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â UK HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â UK HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â UK HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â FRANCE HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â FRANCE HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â FRANCE HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â FRANCE HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â FRANCE HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â FRANCE HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â ITALY HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â ITALY HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â ITALY HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â ITALY HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â ITALY HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â ITALY HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â SPAIN HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â SPAIN HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â SPAIN HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â SPAIN HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â SPAIN HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â SPAIN HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â RUSSIA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â RUSSIA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â RUSSIA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â RUSSIA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â RUSSIA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â RUSSIA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â UAE HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â UAE HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 137Â Â Â Â Â Â Â Â Â Â Â UAE HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 138Â Â Â Â Â Â Â Â Â Â Â UAE HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 139Â Â Â Â Â Â Â Â Â Â Â UAE HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 140Â Â Â Â Â Â Â Â Â Â Â UAE HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 141Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 142Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 143Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 144Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 145Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 146Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 147Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 148Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 149Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 150Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 151Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 152Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
TABLE 153Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HFC REFRIGERANTS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 154Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HFC REFRIGERANTS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 155Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HFC REFRIGERANTS MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 156Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HFC REFRIGERANTS MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 157Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HFC REFRIGERANTS MARKET BY BLEND TYPE (USD MILLIONS) 2020-2029
TABLE 158Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA HFC REFRIGERANTS MARKET BY BLEND TYPE (KILOTONS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY TYPE, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY APPLICATION, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL HFC REFRIGERANTS MARKET BY REGION, USD MILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â NORTH AMERICA HFC REFRIGERANTS MARKET SNAPSHOT
FIGURE 13Â Â Â Â Â Â Â Â Â Â EUROPE HFC REFRIGERANTS MARKET SNAPSHOT
FIGURE 14Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA HFC REFRIGERANTS MARKET SNAPSHOT
FIGURE 15Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC HFC REFRIGERANTS MARKET SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â MIDDLE EAST ASIA AND AFRICA HFC REFRIGERANTS MARKET SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 18Â Â Â Â Â Â Â Â Â Â HI HONEYWELL INTERNATIONAL B.V.: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â ZHEJIANG JUHUA, CO. LTD: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â DAIKIN: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â NAVIN FLUORINE INTERNATIONAL LTD.: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â GUJARAT FLUOROCHEMICALS: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â ARKEMA: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â JIANGSU BLUESTAR: COMPANY SNAPSHOT
FIGURE 25          SHANDONG YUE’AN CHEMICAL CO., LTD: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â CHEMOURS: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â ZHEJIANG WEIHUA CHEMICAL CO., LTD.: COMPANY SNAPSHOT
FAQ
The HFC refrigerant market size had crossed USD 415.55 Million in 2022 and will observe a CAGR of more than 3.8 % up to 2029 and will grow up to USD 518.30 million.
Asia Pacific held more than 38% of the HFC refrigerant market revenue share in 2020 and will witness expansion.
HFC s are essentially inert, chemically stable, and non-reactive. HFC s are widely utilized as refrigerants in a variety of cooling systems, including refrigerators and car air conditioners. Due to the rising demand for air conditioning systems, cooling systems, and freezers around the world, the use of HFC s is anticipated to rise dramatically in the upcoming years
The region’s largest share is in Asia Pacific.
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