Refrigerants Market Expected to Grow at 31.0 Billion In Revenue by 2023 | Global Major Manufacturers, Production and Sales Market Comparison

The Global Refrigerants Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team. Refrigerants Market report spread across 150 Pages, profiling 10 companies and supported with tables and figures.

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The Refrigerants Market size is estimated to be US$ 22.9 Billion in 2018 and is projected to reach US$ 31.0 Billion by 2023, at a CAGR of 6.2% between 2018 and 2023. Factors such as increasing demand for consumer appliances and growing cold chain market will drive the refrigerants market. The major restraint for the market will be the regulations imposed against usage of fluorocarbons such as HCFCs and HFCs in North America and Europe.

Most Popular Companies in the Refrigerants Market include are Arkema S.A. (France), Dongyue Group Co. Ltd. (China), Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Ireland), Air Liquide (France), Sinochem Lantian Co. Ltd. (China), Daikin Industries (Japan), Mexichem (Mexico), and Asahi Glass Corporation (Japan).

“Carbon Dioxide is expected to be the fastest-growing type segment in the refrigerants market.”
Carbon Dioxide is used as a refrigerant in various applications such as supermarket/hypermarket, transport, industrial, and chillers. Its thermos-physical properties such as good heat transfer coefficient, negligible pressure loss, and low viscosity make it a potential refrigerant for these applications. Carbon dioxide is estimated to be the fastest-growing refrigerant during the forecast period. Inorganic refrigerants such as carbon dioxide are mostly used in supermarket/hypermarket and pharmaceutical & food industry.

“The Split ACs Application is projected to account for the largest share, in terms of volume and value, of the overall refrigerants market between 2018 and 2023.”
Split ACs is estimated to be the largest application segment in 2018 and is expected to continue its dominance throughout the forecast period. Refrigerants have a high demand in the split ACs application in APAC. This is due to the surge in building & construction end-use industry, high economic growth rate, and an increasing standard of living and disposable income.

“APAC is expected to be the fastest-growing refrigerants market during the forecast period, in terms of volume.”
APAC is the fastest-growing refrigerants market. The rising disposable income of consumers along with the changing lifestyle plays a significant role in boosting the refrigerants market. The market growth of refrigerants in the region is mainly attributed to China – the largest refrigerants market globally. Large consumer markets and lower cost of production in India and China are driving the region’s refrigerants market.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 - 45%, Tier 2 -30%, and Tier 3 - 25%
• By Designation: C-Level - 46%, Director Level - 25%, and Others - 29%
• By Region: North America - 27%, Europe - 27%,APAC- 33%,South America - 7%,and Middle East & Africa - 6%

Report Highlights:
• To analyze competitive developments such as expansion, new product launch, merger & acquisition, and agreement in the refrigerants market

• To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa

• To analyze and forecast the size of the refrigerants market, in terms of volume and value

• To define, describe, and segment the refrigerants market on the basis of type and application

• To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market

• To identify and analyze opportunities for stakeholders in the market

• To strategically profile key players and comprehensively analyze their core competencies

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Competitive Landscape of Refrigerants Market:
1 Competitive Leadership Mapping
1.1 Terminology/Nomenclature
1.1.1 Visionary Leaders
1.1.2 Innovators
1.2 Strength of Product Portfolio
1.3 Business Strategy Excellence
2 Competitive Leadership Mapping (Start-Up/SMSE)
2.1 Terminology/Nomenclature
2.1.1 Progressive Companies
2.1.2 Responsive Companies
2.1.3 Starting Blocks
2.2 Strength of Product Portfolio
2.3 Business Strategy Excellence
3 Market Share of Top Players
4 Competitive Situation and Trends
4.1 Agreement
4.2 New Product Launch
4.3 Expansion
4.4 Merger & Acquisition

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