Automotive Refrigerant Market Growth: Regional Breakdown, Segmentation, and Key Players Forecast to 2024-2031 | Arkema Inc., Chemours Company, Dongyue Group Ltd., DURACOOL Refrigerants Inc

DataM Intelligence has released a new research report on the Automotive Refrigerant market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Automotive Refrigerant Market reached US$ 2.7 billion in 2023 and is expected to reach US$ 5.4 billion by 2031, growing with a CAGR of 9.1% during the forecast period 2024-2031.

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Automotive refrigerant is a chemical compound used in a vehicle's air conditioning system to absorb and release heat, thereby cooling the air inside the car's cabin. Common refrigerants, such as R-134a and newer alternatives like R-1234yf, are critical for maintaining comfortable temperatures in vehicles. These substances undergo phase changes from liquid to gas and back, facilitating the cooling process. However, environmental concerns over ozone depletion and global warming potential have driven the development of more eco-friendly refrigerants for modern automotive systems.

List of the Key Players in the Automotive Refrigerant Market:

Arkema Inc., Chemours Company, Dongyue Group Ltd., DURACOOL Refrigerants Inc., Honeywell International Inc., Linde AG, Mexichem, S.A.B. de C.V, National Refrigerants, Inc., Sinochem American Holdings, Inc. and Vision Global Technology.

Key Developments:

In May 2022, Honeywell International Inc. launched Solstice 456A, a new hydrofluoroolefin-based refrigerant designed for the European automotive aftermarket. This innovative refrigerant has the potential to cut greenhouse gas emissions from air conditioning systems in existing vehicles by over 50%.

Research Process:

Both primary and secondary data sources have been used in the global Automotive Refrigerant Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Automotive Refrigerant Market: CCC

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Automotive Refrigerant market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Automotive Refrigerant Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Automotive Refrigerant market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Automotive Refrigerant Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Automotive Refrigerant market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Automotive Refrigerant market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Automotive Refrigerant market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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