Refrigerants Market Opportunities, Share Analysis, Size Estimation, Competitive Insights, Emerging Trends And Global Business Prospects - Arkema SA, Dongyue Group Co Ltd, Honeywell International Inc

The global refrigerants market report by the business research company identifies the rising demand for air conditioning to be a major growth driver for the refrigerants market. The increasing temperature globally increased the demand for cooling systems. According to the World Meteorological Organization (WMO), in 2020, the average temperature across the globe was 1.2°C higher than the above pre-industrial era (1880) temperatures. This drives the demand for air conditioning, hence refrigerants. A refrigerant is a chemical compound that is found in air conditioners. It absorbs heat from the surroundings and releases cool air after passing through air conditioners and evaporators. For instance, according to the International Energy Agency (IEA) estimates, by 2050 around two-thirds of the world's households will have an air conditioner. Developing economies such as India, China, and Indonesia together will account for half of the total number of air conditioners. Therefore, the increasing temperature globally increasing demand for air conditioning is expected to propel the market for refrigerants market.

The global refrigerants market size is expected to grow from $20.4 billion in 2021 to $22.71 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The global refrigerants market size is expected to grow to $30.15 billion in 2026 at a CAGR of 7.3%.

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The Asia Pacific was the largest region in the refrigerants market in 2021. The regions covered in the global refrigerants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the refrigerants market are Arkema SA, Dongyue Group Co Ltd, Honeywell International Inc, The Chemours Company, Daikin Industries, Gujarat Fluorochemicals Limited, and Navin Fluorine International Ltd.

The global refrigerants market is segmented -
1) By Type: Halocarbons, Azeotropic, Zeotropic, Inorganic Refrigerants, Hydrocarbons, Other Types
2) By Application: Air Conditioners, Refrigerators, Chillers, Heat Pumps, Electronics Devices, Other Applications
3) By End User: Commercial, Industrial, Domestic, Other End Users

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The Refrigerants Market Report Contents Include
1. Executive Summary
2. Refrigerants Market Characteristics
3. Refrigerants Market Trends And Strategies
4. Impact Of Covid-19 On Refrigerants
5. Refrigerants Market Size And Growth
....
26. Africa Refrigerants Market
27. Refrigerants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Refrigerants Market
29. Refrigerants Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the refrigerants market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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