Third-generation HFCs Refrigerant Market to Record Exponential Growth at CAGR of 43.2% During 2023 - 2029 | Arkema, Honeywell, Daikin

Los Angeles, (United States) - According to QYResearch's new survey, global Third-generation HFCs Refrigerant market is projected to reach US$ 44350 million in 2029, increasing from US$ 3393 million in 2022, with the CAGR of 43.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Third-generation HFCs Refrigerant market research. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Third-generation HFCs Refrigerant market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Third-generation HFCs Refrigerant market. We have also focused on SWOT, PESTLE, and Porter's Five Forces analyses of the global Third-generation HFCs Refrigerant market.

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Refrigerant is a medium used in various heat engines to complete energy conversion, mainly consisting of fluorinated refrigerants. It can be divided into various types such as ammonia, nitrogen, fluorine containing, water, and hydrocarbons, among which fluorine refrigerants with excellent thermodynamic performance are the most common. The third generation of Hydrofluorocarbon (HFCs) refrigerants are represented by HFC-32 (R32), HFC-134a (R134A), HFC-125 (R125) and HFC-410a (R410a). Their ODP is zero and does not damage the ozone layer, but their GWP value is high and the greenhouse effect is significant.

The third-generation refrigerants are widely used abroad and are currently in the early stages of elimination in some developed countries. Some developing countries, including China, have entered the quota benchmark period (2020 2022), during which the production and sales of third-generation refrigerants will become the main reference index for future production enterprises to obtain quotas. The replacement process of refrigerant is slow. It usually takes 8-10 years from the beginning of using a refrigerant to the end of the refrigeration equipment.

The third generation HFCs refrigerant still has a large demand space. It is estimated that due to the growth of applications such as AI servers and the reduction of the second generation refrigerant caused by quota agreements, the CAGR of the third generation HFCs refrigerant is expected to be 43.2% in the next five years (2023-2029), and the market size will be 44348 million dollars in 2029, while the market will face a decline after 2029.

Third-generation HFCs Refrigerant Market Segmentation:

Segment by Type

R125 Refrigerant
R134a Refrigerant
R32 Refrigerant
R410a Refrigerant
Other

Segment by Application

Refrigerator and Freezer
Air Conditioner
Fire-fighting Equipment
Other

Competitive Landscape: -

Analyze the competitive dynamics of the Third-generation HFCs Refrigerant market by identifying key players, their market shares, and strategies. Highlight their strengths and weaknesses, recent developments, partnerships, mergers, and acquisitions.

Chemours
Arkema
Daikin
Orbia Advance Corporation
Honeywell
Shandong Dongyue Organosilicon Materials Co.,Ltd.
Zhejiang Juhua Co.,Ltd.
Jiangsu Meilan Co.,Ltd.
Zhonghao Chenguang Co.,Ltd.
Zhejiang Sanmei Co.,Ltd.
Zhejiang Yonghe Refrigerant Co.,Ltd.
Luxi Chemical Group Co.,ltd.

Third-generation HFCs Refrigerant Market Report Scope and Research Methodology :

Before delving into the scope of Third-generation HFCs Refrigerant market reports, it is crucial to comprehend the vastness of the Third-generation HFCs Refrigerant industry. This sector encompasses an extensive array of products, from basic chemicals like acids, alkalis, and polymers to specialty chemicals used in various industries such as pharmaceuticals, agriculture, and cosmetics. Moreover, materials range from metals, plastics, and ceramics to composites, nanomaterials, and biomaterials. This diversity makes the Third-generation HFCs Refrigerant industry highly dynamic and adaptable.

A Research Methodology is a comprehensive document that analyzes and presents the current and future trends, opportunities, challenges, and advancements in research methods, tools, and technologies. It encompasses a wide range of topics related to research, including data collection, analysis, interpretation, and reporting. These reports serve as a valuable resource for researchers, businesses, and academic institutions, helping them stay up-to-date with the latest developments in the field.

Third-generation HFCs Refrigerant Market Drivers and Challenges:

Identify and elaborate on the factors that are propelling Third-generation HFCs Refrigerant market growth. These could include technological advancements, rising demand from various industries, regulatory changes, and shifting consumer preferences. Discuss the obstacles and challenges hindering the Third-generation HFCs Refrigerant market's growth potential. This could encompass regulatory hurdles, environmental concerns, economic fluctuations, and supply chain disruptions.

Third-generation HFCs Refrigerant Market Trends and Opportunities:

Highlight the latest trends shaping the Third-generation HFCs Refrigerant market. This might encompass sustainable and eco-friendly materials, digitization and automation, and evolving R&D practices. Identify untapped opportunities within the Third-generation HFCs Refrigerant sector. This could involve niche markets, emerging applications, or gaps in the current product offerings.

Emerging Markets:

Emerging markets, such as Southeast Asia, Eastern Europe, and parts of Africa, offer immense growth opportunities for Third-generation HFCs Refrigerant companies. These regions are witnessing rapid industrialization, urbanization, and a rising middle class. To tap into these markets successfully, companies must navigate diverse regulatory landscapes and adapt to local preferences and practices.

Regional Insights

Asia-Pacific: The Asia-Pacific region dominates the Third-generation HFCs Refrigerant market, driven by rapid industrialization in countries like China and India. The region benefits from low-cost labor, favourable government policies, and rising consumer demand.

North America: The North American Third-generation HFCs Refrigerant market is characterized by technological advancements, a focus on sustainability, and the presence of key players. The United States leads in chemical production, with a strong emphasis on research and development.

Europe: Europe has a mature Third-generation HFCs Refrigerant industry, with a focus on eco-friendly and sustainable practices. The region's stringent regulations drive innovation in green chemistry and bio-based materials.

Latin America and Middle East/Africa: These regions offer significant growth opportunities due to expanding industrial sectors, favorable investment policies, and increasing consumer demand.

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Table of Content

1 Third-generation HFCs Refrigerant Market Overview
1.1 Product Definition
1.2 Third-generation HFCs Refrigerant Segment by Type
1.2.1 Global Third-generation HFCs Refrigerant Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 R125 Refrigerant
1.2.3 R134a Refrigerant
1.2.4 R32 Refrigerant
1.2.5 R410a Refrigerant
1.2.6 Other
1.3 Third-generation HFCs Refrigerant Segment by Application
1.3.1 Global Third-generation HFCs Refrigerant Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Refrigerator and Freezer
1.3.3 Air Conditioner
1.3.4 Fire-fighting Equipment
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Third-generation HFCs Refrigerant Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Third-generation HFCs Refrigerant Production Estimates and Forecasts (2018-2029)
1.4.4 Global Third-generation HFCs Refrigerant Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Third-generation HFCs Refrigerant Production Market Share by Manufacturers (2018-2023)
2.2 Global Third-generation HFCs Refrigerant Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Third-generation HFCs Refrigerant, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Third-generation HFCs Refrigerant Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Third-generation HFCs Refrigerant Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Third-generation HFCs Refrigerant, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Third-generation HFCs Refrigerant, Product Offered and Application
2.8 Global Key Manufacturers of Third-generation HFCs Refrigerant, Date of Enter into This Industry
2.9 Third-generation HFCs Refrigerant Market Competitive Situation and Trends
2.9.1 Third-generation HFCs Refrigerant Market Concentration Rate
2.9.2 Global 5 and 10 Largest Third-generation HFCs Refrigerant Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Third-generation HFCs Refrigerant Production by Region
3.1 Global Third-generation HFCs Refrigerant Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Third-generation HFCs Refrigerant Production Value by Region (2018-2029)
3.2.1 Global Third-generation HFCs Refrigerant Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Third-generation HFCs Refrigerant by Region (2024-2029)
3.3 Global Third-generation HFCs Refrigerant Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Third-generation HFCs Refrigerant Production by Region (2018-2029)
3.4.1 Global Third-generation HFCs Refrigerant Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Third-generation HFCs Refrigerant by Region (2024-2029)
3.5 Global Third-generation HFCs Refrigerant Market Price Analysis by Region (2018-2023)
3.6 Global Third-generation HFCs Refrigerant Production and Value, Year-over-Year Growth
3.6.1 North America Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2018-2029)

4 Third-generation HFCs Refrigerant Consumption by Region
4.1 Global Third-generation HFCs Refrigerant Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Third-generation HFCs Refrigerant Consumption by Region (2018-2029)
4.2.1 Global Third-generation HFCs Refrigerant Consumption by Region (2018-2023)
4.2.2 Global Third-generation HFCs Refrigerant Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Third-generation HFCs Refrigerant Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Third-generation HFCs Refrigerant Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Third-generation HFCs Refrigerant Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Third-generation HFCs Refrigerant Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Third-generation HFCs Refrigerant Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Third-generation HFCs Refrigerant Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Third-generation HFCs Refrigerant Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Third-generation HFCs Refrigerant Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey

5 Segment by Type
5.1 Global Third-generation HFCs Refrigerant Production by Type (2018-2029)
5.1.1 Global Third-generation HFCs Refrigerant Production by Type (2018-2023)
5.1.2 Global Third-generation HFCs Refrigerant Production by Type (2024-2029)
5.1.3 Global Third-generation HFCs Refrigerant Production Market Share by Type (2018-2029)
5.2 Global Third-generation HFCs Refrigerant Production Value by Type (2018-2029)
5.2.1 Global Third-generation HFCs Refrigerant Production Value by Type (2018-2023)
5.2.2 Global Third-generation HFCs Refrigerant Production Value by Type (2024-2029)
5.2.3 Global Third-generation HFCs Refrigerant Production Value Market Share by Type (2018-2029)
5.3 Global Third-generation HFCs Refrigerant Price by Type (2018-2029)

6 Segment by Application
6.1 Global Third-generation HFCs Refrigerant Production by Application (2018-2029)
6.1.1 Global Third-generation HFCs Refrigerant Production by Application (2018-2023)
6.1.2 Global Third-generation HFCs Refrigerant Production by Application (2024-2029)
6.1.3 Global Third-generation HFCs Refrigerant Production Market Share by Application (2018-2029)
6.2 Global Third-generation HFCs Refrigerant Production Value by Application (2018-2029)
6.2.1 Global Third-generation HFCs Refrigerant Production Value by Application (2018-2023)
6.2.2 Global Third-generation HFCs Refrigerant Production Value by Application (2024-2029)
6.2.3 Global Third-generation HFCs Refrigerant Production Value Market Share by Application (2018-2029)
6.3 Global Third-generation HFCs Refrigerant Price by Application (2018-2029)

7 Key Companies Profiled
7.1 Chemours
7.1.1 Chemours Third-generation HFCs Refrigerant Corporation Information
7.1.2 Chemours Third-generation HFCs Refrigerant Product Portfolio
7.1.3 Chemours Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Chemours Main Business and Markets Served
7.1.5 Chemours Recent Developments/Updates
7.2 Arkema
7.2.1 Arkema Third-generation HFCs Refrigerant Corporation Information
7.2.2 Arkema Third-generation HFCs Refrigerant Product Portfolio
7.2.3 Arkema Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Arkema Main Business and Markets Served
7.2.5 Arkema Recent Developments/Updates
7.3 Daikin
7.3.1 Daikin Third-generation HFCs Refrigerant Corporation Information
7.3.2 Daikin Third-generation HFCs Refrigerant Product Portfolio
7.3.3 Daikin Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Daikin Main Business and Markets Served
7.3.5 Daikin Recent Developments/Updates
7.4 Orbia Advance Corporation
7.4.1 Orbia Advance Corporation Third-generation HFCs Refrigerant Corporation Information
7.4.2 Orbia Advance Corporation Third-generation HFCs Refrigerant Product Portfolio
7.4.3 Orbia Advance Corporation Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Orbia Advance Corporation Main Business and Markets Served
7.4.5 Orbia Advance Corporation Recent Developments/Updates
7.5 Honeywell
7.5.1 Honeywell Third-generation HFCs Refrigerant Corporation Information
7.5.2 Honeywell Third-generation HFCs Refrigerant Product Portfolio
7.5.3 Honeywell Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Honeywell Main Business and Markets Served
7.5.5 Honeywell Recent Developments/Updates
7.6 Shandong Dongyue Organosilicon Materials Co.,Ltd.
7.6.1 Shandong Dongyue Organosilicon Materials Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.6.2 Shandong Dongyue Organosilicon Materials Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.6.3 Shandong Dongyue Organosilicon Materials Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Shandong Dongyue Organosilicon Materials Co.,Ltd. Main Business and Markets Served
7.6.5 Shandong Dongyue Organosilicon Materials Co.,Ltd. Recent Developments/Updates
7.7 Zhejiang Juhua Co.,Ltd.
7.7.1 Zhejiang Juhua Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.7.2 Zhejiang Juhua Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.7.3 Zhejiang Juhua Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Zhejiang Juhua Co.,Ltd. Main Business and Markets Served
7.7.5 Zhejiang Juhua Co.,Ltd. Recent Developments/Updates
7.8 Jiangsu Meilan Co.,Ltd.
7.8.1 Jiangsu Meilan Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.8.2 Jiangsu Meilan Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.8.3 Jiangsu Meilan Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Jiangsu Meilan Co.,Ltd. Main Business and Markets Served
7.7.5 Jiangsu Meilan Co.,Ltd. Recent Developments/Updates
7.9 Zhonghao Chenguang Co.,Ltd.
7.9.1 Zhonghao Chenguang Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.9.2 Zhonghao Chenguang Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.9.3 Zhonghao Chenguang Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Zhonghao Chenguang Co.,Ltd. Main Business and Markets Served
7.9.5 Zhonghao Chenguang Co.,Ltd. Recent Developments/Updates
7.10 Zhejiang Sanmei Co.,Ltd.
7.10.1 Zhejiang Sanmei Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.10.2 Zhejiang Sanmei Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.10.3 Zhejiang Sanmei Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Zhejiang Sanmei Co.,Ltd. Main Business and Markets Served
7.10.5 Zhejiang Sanmei Co.,Ltd. Recent Developments/Updates
7.11 Zhejiang Yonghe Refrigerant Co.,Ltd.
7.11.1 Zhejiang Yonghe Refrigerant Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.11.2 Zhejiang Yonghe Refrigerant Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.11.3 Zhejiang Yonghe Refrigerant Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Zhejiang Yonghe Refrigerant Co.,Ltd. Main Business and Markets Served
7.11.5 Zhejiang Yonghe Refrigerant Co.,Ltd. Recent Developments/Updates
7.12 Luxi Chemical Group Co.,ltd.
7.12.1 Luxi Chemical Group Co.,ltd. Third-generation HFCs Refrigerant Corporation Information
7.12.2 Luxi Chemical Group Co.,ltd. Third-generation HFCs Refrigerant Product Portfolio
7.12.3 Luxi Chemical Group Co.,ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Luxi Chemical Group Co.,ltd. Main Business and Markets Served
7.12.5 Luxi Chemical Group Co.,ltd. Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Third-generation HFCs Refrigerant Industry Chain Analysis
8.2 Third-generation HFCs Refrigerant Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Third-generation HFCs Refrigerant Production Mode & Process
8.4 Third-generation HFCs Refrigerant Sales and Marketing
8.4.1 Third-generation HFCs Refrigerant Sales Channels
8.4.2 Third-generation HFCs Refrigerant Distributors
8.5 Third-generation HFCs Refrigerant Customers

9 Third-generation HFCs Refrigerant Market Dynamics
9.1 Third-generation HFCs Refrigerant Industry Trends
9.2 Third-generation HFCs Refrigerant Market Drivers
9.3 Third-generation HFCs Refrigerant Market Challenges
9.4 Third-generation HFCs Refrigerant Market Restraints

10 Research Finding and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List

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