Press release
Tetrafluoroethane (R134A) Refrigerant Market to reach USD 219.54 Mn by 2029, emerging at a CAGR of 4.3 percent and forecast 2023-2029
Tetrafluoroethane (R134A) Refrigerant Market
This report presents an in-depth analysis of the impact of the COVID-19 pandemic on the global Tetrafluoroethane (R134A) Refrigerant Market. It delves into the regional impacts and examines how key players' revenues were affected up until July 2021. The report also provides insights into the expected short-term and long-term consequences on the market.
The report is built upon a robust research methodology that incorporates both quantitative and qualitative analyses. The research methodology is designed to provide accurate and actionable insights, ensuring the reliability and credibility of the information presented.
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Tetrafluoroethane (R134A) Refrigerant Market Dynamics:
Tetrafluoroethane (R134A) serves as a pivotal replacement for R-12 CFC refrigerants and falls within the HFC refrigerant category. Its non-corrosive, non-toxic, and non-flammable properties have amplified its demand for various applications, spurring growth in the Tetrafluoroethane (R134A) market. Design modifications in evaporators and condensers are needed to accommodate this refrigerant, driving its adoption.
Centrifugal, rotary screw, and scroll compressors are utilised in place of R-12 CFC refrigerant in reciprocating compressors. Tetrafluoroethane (R134A), a refrigerant used in air conditioning systems, is in high demand in the propellant production sector. Additionally, it is utilised in pharmaceutical applications including asthma inhalers, household and commercial refrigeration, as a propellant in aerosol cans, and for foam-blowing construction insulation. The tertrafluoethane market is expanding as a result of these causes.
Tetrafluoroethane (R134A) Refrigerant Market Regional Insights:
The Tetrafluoroethane (R134A) Refrigerant market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The Asia Pacific region emerged as a prominent market player, accounting for a substantial market share and exhibiting a notable CAGR. Research and development endeavors, coupled with supportive governmental regulations, have propelled the growth of the Tetrafluoroethane (R134A) Refrigerant market in this region.
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Tetrafluoroethane (R134A) Refrigerant Market Segmentation:
by Type
• Air conditioner (Propellant, domestic, and commercial)
• Industrial
• Automotive
• Others
by Application
•Foam-blowing agent
• Refrigerant blend
• Propellant
• Others
by End User
• Automotive Air-Conditioning
• Commercial Refrigeration Equipment
• Domestic Refrigeration Equipment
Tetrafluoroethane (R134A) Refrigerant Market Key Players:
• Daikin
• Chemours
• Arkema
• Dongyue Group
• Sinochem Group
• Mexichem Fluor
• Honeywell
• Linde Gas
• Bailian
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Table of content for the Tetrafluoroethane (R134A) Refrigerant Market includes:
1. Global Tetrafluoroethane (R134A) Refrigerant Market: Research Methodology
2. Global Tetrafluoroethane (R134A) Refrigerant Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Tetrafluoroethane (R134A) Refrigerant Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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