Refrigerants Market Size Worth USD 47.98 billion by 2032 |Companies- Air Liquide Advanced Technologies (France), Linde plc (Ireland)
The global refrigerants market size was valued at USD 24.20 billion in 2023 and is projected to grow from USD 26.11 billion in 2024 to USD 47.98 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period. North America dominated the refrigerants market with a market share of 30.58% in 2023. The growth can be attributed to the surging demand for green refrigerants coupled with the increasing number of cold stores globally. The product demand comes from various end-use industries, especially the automotive sector.Fortune Business Insightsโข cites this information in its research report, titled "Refrigerants Market, 2024-2032".
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/sample/refrigerant-market-101745
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โถ Air Liquide Advanced Technologies (France)
โถ Linde plc (Ireland)
โถ A-Gas (England)
โถ The Chemours Company (U.S.)
โถ Tazzetti S.p.A. (Piedmont)
โถ AGC Inc. (Japan)
โถ DuPont (U.S.)
โถ Honeywell International Inc. (U.S.)
โถ Arkema (France)
โถ DAIKIN INDUSTRIES, Ltd. (Japan)
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
๐๐ฒ๐๐ซ๐จ๐๐๐ซ๐๐จ๐ง๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐๐ข๐ง ๐๐ฆ๐ฆ๐๐ง๐ฌ๐ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐๐ฉ๐ข๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐๐จ๐ง๐จ๐ฆ๐ข๐๐ฌ
Based on type, the market is classified into hydrocarbons, fluorocarbons, and inorganic refrigerants. The hydrocarbon segment held a leading market share in 2022. This was on account of rising industrialization in developing nations coupled with the extensive product usage in residential and commercial applications.
๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐ฎ๐ซ๐ ๐ข๐ง๐ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ฆ๐๐ง๐
With respect to application, the market is classified into refrigeration, air conditioning, and others. The refrigeration segment held the largest market share in 2022. This can be credited to the surging purchasing power of the middle-class population for consumer goods such as refrigeration equipment. The segment expansion can also be ascribed to surging industrialization and deteriorating weather conditions.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/refrigerant-market-101745
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง
Based on end-use industry, the market is categorized into commercial, domestic, and industrial. The industrial segment captured the major market share in 2022. Stringent environmental regulations by the government, especially on manufacturing plants, coupled with surging industrial pollution in emerging nations, has bolstered the demand for refrigerants.
On the basis of region, the market for refrigerants is subdivided into Europe, North America, Asia Pacific, the Middle East & Africa, and Latin America.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report provides vital insights into the key trends and drivers, presenting lucrative opportunities for market growth throughout the estimated period. It also offers a comprehensive coverage of the major strategies opted by leading market players to extend their global footprints.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
๐๐๐ซ๐ค๐๐ญ ๐๐๐ฅ๐ฎ๐ ๐ญ๐จ ๐๐ซ๐จ๐ฐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฌ๐๐ ๐ ๐ข๐ง ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง
One of the major factors propelling the refrigerants market growth is the surging usage of transportation globally. Moreover, increasing demand for medicines, frozen food, and new therapeutic treatments within the cold chain has further proliferated the demand for reliable refrigerated transport, augmenting market growth.
However, the flammability and toxicity issues may present major barriers to product uptake.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง- https://www.fortunebusinessinsights.com/industry-reports/refrigerant-market-101745
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐๐๐๐จ๐ฆ๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฎ๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฆ๐๐ง๐ ๐๐ซ๐จ๐ฆ ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐๐ญ๐จ๐ซ
The North America refrigerants market share is projected to dominate over the forecast period. This rise is on account of the growing product demand from the automotive and transportation sectors.
The Asia Pacific market is poised to exhibit appreciable growth over the estimated period. The regional growth is driven by improved living standards of people and rapid urbanization.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ฆ๐ฉ๐ก๐๐ฌ๐ข๐ณ๐ ๐จ๐ง ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ญ๐ซ๐๐ง๐ ๐ญ๐ก๐๐ง ๐ญ๐ก๐๐ข๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ
Major industry players are focusing on product innovations to enhance their position. They are also investing heavy amounts into R&D activities to launch new products. Additionally, they are emphasizing on mergers and acquisition strategies to bolster their market positions.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
January 2022- Honeywell, a multinational conglomerate corporation, unveiled Solstice N71(R-417A), a new low-global warming potential refrigerant for the supermarket space.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ-
Natural Refrigerants Market- https://www.fortunebusinessinsights.com/natural-refrigerants-market-105256
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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