Refrigerant is a substance or mixture, usually a fluid, used in a heat pump and refrigeration cycle. In most cycles it undergoes phase transitions from a liquid to a gas and back again.

Market Analysis and Insights: Global Refrigerant Market

Due to the COVID-19 pandemic, the global Refrigerant market size is estimated to be worth US$ 3925.9 million in 2022 and is forecast to a readjusted size of US$ 4770.3 million by 2028 with a CAGR of 3.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, HCFC accounting for % of the Refrigerant global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Air Condition segment is altered to an % CAGR throughout this forecast period.

China and North America are the main markets for refrigerants, with market share of more than 30% and 25%. The main manufacturers in the market include chemours, Honeywell, Mechem, Daikin and Arkema, with nearly half of the market share of the top five manufacturers.

Global Refrigerant Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Refrigerant Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


HCFC

HFC

HC

Other


Segment by Application


Air Condition

Automotive Air Conditioner

Refrigerator

Others


By Company


Chemours

Honeywell

Mexichem

Daikin

Arkema

Linde

Navin Fluorine International

GFL

Dongyue Group

Zhejiang Juhua

Meilan Chemical

Sanmei

3F

Yuean Chemical

Ying Peng Chemical

Yonghe Refrigerant

Limin Chemicals

China Fluoro Technology


Production by Region



North America

Europe

China

Japan


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina