R134A Refrigerant Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

and India R134A Refrigerant Market Size
The global R134A Refrigerant revenue was US$ 138.1 million in 2022 and is forecast to a readjusted size of US$ 78 million by 2029 with a CAGR of -7.8% during the forecast period (2023-2029).

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and India R134A Refrigerant Market
R134a is also known as tetrafluoroethane (CF3CH2F) from the family of HFC refrigerant. It exists in gas form when expose to the environment as the boiling temperature is -14.9°F or -26.1°C. R134a refrigerant is now being used as a replacement for R-12 CFC refrigerant in the area of centrifugal, rotary screw, scroll and reciprocating compressors. It is not 100% compatible with the lubricants and mineral-based refrigerant currently used in R-12. Design changes to the condenser and evaporator need to be done to use this refrigerant. R134a refrigerant is safe for normal handling as it is non-toxic, non-flammable and non-corrosive.
In India, the R134A Refrigerant revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
Global R134A Refrigerant key players include Juhua Group, Sanmei, Mexichem Fluor, Sinochem Taicang Chemical, Chemours, etc. Global top five manufacturers hold a share about 50%. Asia-Pacific is the largest market, with a share about 55%, followed by North America, with a share about 25 percent. In terms of product, Trichlorethylene Process is the largest segment, with a share about 90%. And in terms of application, the largest application is Automotive Air-Conditioning, followed by Commercial Refrigeration Equipment , Domestic Refrigeration Equipment, etc.
This report focuses on global and India R134A Refrigerant market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for R134A Refrigerant will continue to grow rapidly in the future.
Global R134A Refrigerant Scope and Market Size
R134A Refrigerant market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global R134A Refrigerant market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.
For India market, this report focuses on the R134A Refrigerant market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

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Segment by Type
• Tetrachlorethylene Process
• Trichlorethylene Process

Segment by Application
• Automotive Air-Conditioning
• Commercial Refrigeration Equipment
• Domestic Refrigeration Equipment
• Others

By Company
Mexichem Fluor, Chemours, Honeywell, Linde Gas, Arkema, Juhua Group, Sinochem Taicang Chemical, Bailian, Dongyue Federation, Sanmei

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