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Refrigerant Market Opportunities Analysis, Share And Business Growth

01-24-2025 11:23 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Refrigerant Market

Refrigerant Market

๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The global refrigerant market is experiencing substantial expansion, driven by increasing demand for cooling solutions across various sectors. As of 2023, the market is valued at approximately USD 26.12 billion and is projected to reach USD 44.14 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 7.78% during the forecast period.
๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The Type, Application, and Region segments of the refrigerant market are examined in this report. Market players and geographical areas (North America, Asia Pacific, Europe, Middle East & Africa, and South America) have contributed data. All industry sectors are now experiencing tremendous advancements, which are thoroughly analyzed in this market report. In order to give critical data analysis for the historical era from 2018 to 2023, presentations, facts, and statistics are employed. The study looks into the factors that influence, restrict, and hinder the refrigerant industry. Based on a careful analysis of the current competitive landscape in the refrigerant business, this MMR study offers investor suggestions.

๐…๐จ๐ซ ๐š ๐ช๐ฎ๐ข๐œ๐ค ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐œ๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž: https://www.maximizemarketresearch.com/request-sample/22222/

๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The need for refrigerants is growing significantly every day across a variety of industries, including residential and industrial, and is only expected to increase over the next several years. Air conditioners, freezers, refrigerators, fire suppression systems, and other appliances use it. It's likely that a lot of industries rely on artificial cooling systems to keep and safeguard materials. Nowadays, artificial cooling is crucial in many kinds of places, including residences, stores, malls, hospitals, and transportation systems. As a result, it is anticipated that the need for refrigerants will increase in the years to come. COVID-19 has a significant effect on the market for refrigerants. Both the movement of persons and products between locations are severely restricted.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ: ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's burgeoning industrial sector and rising living standards are creating substantial opportunities for refrigerant applications, particularly in the food processing and storage industries.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐: ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand is witnessing growth in its automotive and electronics industries, leading to increased utilization of refrigerants in manufacturing processes and climate control systems.

๐‰๐š๐ฉ๐š๐ง: ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's focus on energy efficiency and environmental sustainability has led to the adoption of advanced refrigerants with lower Global Warming Potential (GWP) in various applications.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/22222/

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's consolidation of its electronics and automotive sectors is driving the integration of eco-friendly refrigerants to comply with international environmental standards.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž: ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore is updating its infrastructure with state-of-the-art cooling technologies, incorporating modern refrigerants to support its commitment to sustainable urban development.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”.๐’.

The U.S. market is experiencing significant opportunities for refrigerants, driven by advancements in HVAC systems and a focus on energy-efficient building solutions.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž: ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe is witnessing notable trends in refrigerant adoption, with a strong emphasis on reducing greenhouse gas emissions and adhering to stringent environmental regulations.

๐ƒ๐ข๐ฏ๐ž ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/22222/

๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

HCFCs
HFCs
Propane
Ammonia
Carbon dioxide

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Domestic
Commercial
Air conditioners system
Industrial refrigerators
Chiller/ heat pumps

The refrigerant market is divided into segments based on application, such as commercial refrigeration, industrial refrigeration, air conditioner systems, chillers/heat pumps, and residential. With a 34.1% market share in 2023, the air conditioner system category has dominated the industry. Global population growth and the rise in nuclear families with discretionary income are the main causes of the segment's expansion. The cost of air conditioners is within the reach of middle-class households, whose earnings are rising along with their level of living. All of these elements are propelling the sector and are anticipated to expand over the anticipated time frame.

๐›๐ฒ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ

Product Fluorocarbon
Hydrocarbon
Inorganic
Others

๐”๐ง๐œ๐จ๐ฏ๐ž๐ซ ๐€๐œ๐ญ๐ข๐จ๐ง๐š๐›๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐š๐ญ๐š ๐›๐ฒ ๐‘๐ž๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ข๐ง ๐“๐ก๐ž ๐‹๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-refrigerant-market/22222/

๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Daikin Industries, Ltd.
2. The Chemours Company
3. Honeywell International Inc.
4. Arkema S.A.
5. Dongyue Group Co. Ltd.
6. Asahi Glass Co. Ltd.
7. Sinochem Group
8. Mexichem S.A.B. de C.V.
9. The Linde Group
10.SRF Limited
11.DownDuPont Inc.
12.Messer Group
13.Navin Fluorine International Ltd.

๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐œ๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐ž๐๐ ๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐ :

Global Legal AI Software Market https://www.maximizemarketresearch.com/market-report/global-legal-ai-software-market/30850/

Global Organic Skin Care Products Market https://www.maximizemarketresearch.com/market-report/global-organic-skin-care-products-market/69592/

Europe Artificial Intelligence Ai Market https://www.maximizemarketresearch.com/market-report/europe-artificial-intelligence-ai-market/11333/

Global Polycarbonates Pc Market https://www.maximizemarketresearch.com/market-report/global-polycarbonates-pc-market/23396/

Global Thionyl Chloride Market https://www.maximizemarketresearch.com/market-report/global-thionyl-chloride-market/119290/

Sputter Coater Market https://www.maximizemarketresearch.com/market-report/global-sputter-coater-market/5892/

global NonSmall Cell Lung Cancer Therapeutics Market https://www.maximizemarketresearch.com/market-report/global-non-small-cell-lung-cancer-therapeutics-market/39017/

Global Cosmetic Dyes Market https://www.maximizemarketresearch.com/market-report/global-cosmetic-dyes-market/33130/

Asia Pacific Mobile Point of Sale (mPOS) Terminals Market https://www.maximizemarketresearch.com/market-report/asia-pacific-mobile-point-of-sale-mpos-terminals-market/39970/

Global Automotive Park Assist Systems Market https://www.maximizemarketresearch.com/market-report/global-automotive-park-assist-systems-market/27263/

๐Œ๐€๐—๐ˆ๐Œ๐ˆ๐™๐„ ๐Œ๐€๐‘๐Š๐„๐“ ๐‘๐„๐’๐„๐€๐‘๐‚๐‡ ๐๐•๐“. ๐‹๐“๐ƒ.

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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