Loading...

COVID‑19 Alert: Stay home if you feel unwell. If you have a fever, cough and difficulty breathing, seek medical attention. Follow the directions of your local health authority. Source WHO

We have a lockdown, "Working from HOME" Please reach out for any queries at: help@alliedmarketresearch.com & Int'l : +1-503-894-6022, (UK) : +44-845-528-1300

Refrigerants Market Expected to Reach $18,509 Million by 2022, Globally

 
 

quote In 2015, the cost of azeotropic refrigerants is relatively higher than other refrigerants, but is expected to plummet by 2022, owing to rapid innovations in the production processes of azeotropic refrigerants and rise in their demand across several end user industries quote

Eswara Prasad
Team Lead, Chemical & Materials at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Refrigerants Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $18,509 million by 2022, registering a CAGR of 9.9% from 2016 to 2022.The inorganic refrigerants segment dominated the global market in 2015, with more than one-third share.

Access Full Summary at : https://www.alliedmarketresearch.com/refrigerants-market

The refrigerants market has witnessed rapid growth, owing to their increasing scope of applications in mobile ACs and transportation, especially in the developing economies. Moreover, the market is expected to grow during the forecast period, owing to the rise in demand for refrigerants in industries, commercial, transportation, and domestic sectors and increase in disposable income. In addition, upsurge in use of refrigerants, especially in the transportation, packaging, and stationary ACs sectors and improvement in standards of living in the emerging economies have fueled the market growth. However, undesirable effects of halocarbons on the ozone layer and frequent amendments in environmental norms & regulations are some of the factors hampering the market growth.

In 2015, the refrigeration segment occupied more than half of the overall refrigerants market share. It is expected to maintain its lead throughout the forecast period, because of the soaring inflow of investments in domestic and commercial air conditioning sectors by market players across the globe.

Key findings of the study:

  • The hydrocarbons segment is anticipated to grow at the fastest CAGR of 11.5%, in terms of revenue, during the forecast period.
  • The Asia-Pacific region is estimated to dominate the global market, in terms of volume, by 2022, registering a CAGR of 5.1% during the forecast period.
  • In 2015, China accounted for more than one-third share of the Asia-Pacific refrigerants market.
  • India is estimated to grow at the highest CAGR of 11.1%, in terms of revenue, by 2022.
  • U.S. accounted for around two-thirds of the North America refrigerants market in 2015, and is estimated to continue its dominance
  • Refrigerants demand in AC application segment is expected to grow at a high CAGR of 5.0%, in terms of volume, during the forecast period


The Asia-Pacific and LAMEA regions jointly accounted for more than half of the global market in 2014, and are expected to maintain this trend throughout the forecast period. This is attributed to the spiraling development in the commercial and domestic sectors in these regions, increase in per capita disposable income, and upsurge in consumer spending in the developing economies of these regions.

The key players in the global market have focused on acquiring local players to strengthen their market outreach and expand their customer base. The prominent companies profiled in the report include Arkema SA, Daikin Industries Ltd, E.I. du Pont Nemours & Co., Honeywell International, Mexichem SA, Dongyue Group, Navin Fluorine International Ltd., and SRF Ltd.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Refrigerants Market by Type (HFC, CFC, HCFC, Azeotropic, Zeotropic, Carbon-di-Oxide, Ammonia, Air, and Hydrocarbons), by Application (AC and Refrigeration) - Global Opportunity Analysis and Industry Forecast, 2014-2022 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Refrigerants Market"
Purchase Enquiry