Global R134A Refrigerant market is expected to reach USD 917.2 million by the end of 2026

Global R134A Refrigerant Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026

Infinity analysts forecast the global R134A Refrigerant market to grow at a CAGR of 1.1% during the forecast period, according to their latest market research report.

R134A is a hydrofluorocarbon and haloalkane refrigerant. It is widely used for refrigeration and air-conditioning applications. The R134A refrigerant has been integrated into residential, commercial, industrial, as well as automotive air-conditioning units. However, R134A has been identified as having high global warming potential.

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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Top key players @ Mexichem Fluor, Chemours, Honeywell, Linde Gas, Arkema, Juhua Group, Sinochem Taicang Chemical, Bailian, Dongyue Federation, and Sanmei

The increasing demand for industrial refrigeration units for product storage and rising incorporation of automotive cooling equipment are the influential primary factors that would bolster the prospects of market growth during the forecast period. The high product demand for sustainable refrigerant supply in automotive vehicles would improve the possibilities of market growth. The need to store products in transit for long days and yet maintain its freshness has also spurred the installation of several refrigeration units in industrial facilities. Such equipment has invariably influenced a high demand for R134A refrigerant. The increasing customer demand for comfort and luxury inside residential houses would also work towards the adoption of R134A refrigerant, in turn, furthering the growth of the market. The rapid product adoption in commercial sectors of emerging countries would offer key market vendors with new opportunities for product sales and business expansion over the forecast period.

Tetrachloroethylene Process and Trichloroethylene Process are covered in the Type segment of the market scope. In contrast, the Application segment is categorized into Automotive Air-Conditioning, Commercial Refrigeration Equipment, and Domestic Refrigeration Equipment. The report covers the volume of the global market by Application, with the volume expressed in K MT. The Type segment is calculated in terms of volume and value.

The volume of the Automotive Air-Conditioning segment by Application is estimated to garner 136.3 K MT by 2026, growing at a CAGR of 0.5% from 2020 to 2026. The heightened product demand for application in cooling units of automotive vehicles has bolstered the segment growth. The customer demand for luxurious appliances and comfortable experience inside an automobile would further improve the growth of the segment in the coming years.

TABLE OF CONTENT:
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
13 Market Forecasts 2019-2025
14 Analyst’s Viewpoints/Conclusions
15 Appendix

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This release was published on openPR.