Latest Trends In Global HFC Refrigerant Market

Hydrofluorocarbon (HFC) refrigerants are a type of synthetic chemical compound used as cooling agents in refrigeration, air conditioning, and heat pump systems. HFCs are part of a group of refrigerants known as fluorocarbons.

They were developed as an alternative to chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs), which were found to be harmful to the ozone layer and were subsequently phased out under international agreements like the Montreal Protocol.

HFC refrigerants do not contain chlorine, which was a major contributor to ozone depletion.

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One of the most well-known HFC refrigerants is R-134a, which is commonly used in automotive air conditioning systems.

Another example is R-410A, used in many modern air conditioning and heat pump systems. These HFC refrigerants have become prevalent choices due to their relatively low toxicity, non-flammability, and compatibility with existing equipment and infrastructure.

GLOBAL HFC REFRIGERANT MARKET SIZE AND FORECAST

Global HFC Refrigerant Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT DEVELOPMENT

Carrier, the leading name in the HVAC industry and who we are proud to partner with, is expected to start using the new refrigerant R-454B in their HVAC systems in North America.

R-454B is a new refrigerant that is a non-ozone depleting lower GWP alternative to R-410A. You will start hearing and see this new refrigerant type more and more in new equipment installations.

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Johnson Controls, the global leader for smart, healthy and sustainable buildings, has launched its first air-cooled scroll chiller in the U.S. to use R-454B refrigerant, YLAA Air-Cooled Scroll Chiller, and the first free-cooling screw chiller in the U.S. to use R-1234ze refrigerant, YVFA Free-Cooling, Variable-Speed Screw Chiller, driving efficiency of performance and getting ahead of the regulatory curve.

R-454B and R-1234ze refrigerants have among the lowest global warming potential (GWP), making the YLAA and YVFA more than compliant with upcoming Environmental Protection Agency (EPA) and U.S. Climate Alliance refrigerant regulations.

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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

How many HFC Refrigerants are manufactured per annum globally? Who are the sub-component suppliers in different regions?
Cost breakup of a Global HFC Refrigerant and key vendor selection criteria
Where is the HFC Refrigerant manufactured? What is the average margin per unit?
Market share of Global HFC Refrigerant market manufacturers and their upcoming products
The cost advantage for OEMs who manufacture Global HFC Refrigerant in-house
key predictions for the next 5 years in the Global HFC Refrigerant market
Average B-2-B HFC Refrigerant market price in all segments
Latest trends in the HFC Refrigerant market, by every market segment
The market size (both volume and value) of the HFC Refrigerant market in 2023-2030 and every year in between?
Production breakup of the HFC Refrigerant market, by suppliers and their OEM relationship

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This release was published on openPR.