Global R134A Refrigerant Market Growth 2019-2024

R134a is also known as tetrafluoroethane (CF3CH2F) from the family of HFC refrigerant. It exists in gas form when expose to the environment as the boiling temperature is -14.9°F or -26.1°C.
R134a refrigerant is now being used as a replacement for R-12 CFC refrigerant in the area of centrifugal, rotary screw, scroll and reciprocating compressors. It is not 100% compatible with the lubricants and mineral-based refrigerant currently used in R-12. Design changes to the condenser and evaporator need to be done to use this refrigerant. R134a refrigerant is safe for normal handling as it is non-toxic, non-flammable and non-corrosive.
In 2013, Europe published the ban that the new Automotive Air-Conditioning (MAC) cannot use R134a. Since 1 January 2013 the MAC Directive is fully applicable. In 2015, The US Environmental Protection Agency (EPA) is considering declaring refrigerant R134a as being unsuitable for use in chillers. Affected by the policy, global sales of R134a decreases from 203 K MT in 2012 to 200 K MT in 2016, with an average decease rate of 0.89%. Also, Arkema is planning to shut down its R134a refrigerant plant at Pierre-Bénite, France.

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Currently, global major manufacturers in this industry are mainly concentrated in China. In 2016, China produced 145 K MT R134a, with a share of 72%. China major suppliers are Juhua Group, Sinochem Taicang Chemical, Bailian, Dongyue Federation and Sanmei etc. Price in China changes a lot during 2012 to 2016. But China's demand growth has been slow, so China has become the world's largest exporter.
On the other hand, with the European restrictions on the use of 134A, and the United States will increase anti-dumping duties on the product from China, the future of China's export status is very grim.

According to this study, over the next five years the R134A Refrigerant market will register a -10.9% CAGR in terms of revenue, the global market size will reach US$ 100 million by 2024, from US$ 190 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in R134A Refrigerant business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of R134A Refrigerant market by product type, application, key manufacturers and key regions and countries.

This study considers the R134A Refrigerant value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Tetrachlorethylene Process
Trichlorethylene Process
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive Air-Conditioning
Commercial Refrigeration Equipment
Domestic Refrigeration Equipment

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Mexichem Fluor
Chemours
Honeywell
Linde Gas
Arkema
Juhua Group
Sinochem Taicang Chemical
Bailian
Dongyue Federation
Sanmei

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global R134A Refrigerant consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of R134A Refrigerant market by identifying its various subsegments.
Focuses on the key global R134A Refrigerant manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the R134A Refrigerant with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of R134A Refrigerant submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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