Automotive Refrigerants Market: R-134a vs R-1234yf To Reach US$ 5.4Bn By 2031 | Most Leading Companies - Arkema Inc., Chemours Company, Dongyue Group Ltd., DURACOOL Refrigerants Inc., Honeywell International Inc

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.

Automotive Refrigerant Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

Request a Free Sample PDF of This Report (Corporate Email IDs Receive Priority Service): https://www.datamintelligence.com/download-sample/automotive-refrigerent-market?kb

Automotive Refrigerants are chemical compounds used in vehicle HVAC systems to absorb and release heat, enabling efficient cooling. They are crucial for passenger comfort but are now under scrutiny due to their environmental impact and global warming potential.

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.

Industry Development:

In May 2022, Honeywell International Inc. launched Solstice 456A, an innovative hydrofluoroolefin (HFO)-based refrigerant designed for the European automotive aftermarket. This new solution has the potential to cut greenhouse gas emissions from vehicle air conditioning systems by over 50%, offering a more sustainable alternative for existing automobiles.

One of the key challenges facing the global automotive refrigerant market is the environmental impact of refrigerants used in vehicle HVAC systems. The primary refrigerant currently in use, R-134a, has a high Global Warming Potential (GWP) of 1,400, making it a potent greenhouse gas and highly harmful to the environment.

In fact, HVAC refrigerant gases contribute to global warming significantly more than CO2. Additionally, the high cost of R-1234yf-which is nearly 10 times more expensive than R-134a-is hindering its widespread adoption. This is particularly true in Asia-Pacific, the region with the highest vehicle sales volume and a customer base known for being highly price-sensitive.

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.

Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/automotive-refrigerent-market?kb

Segment Covered in the Automotive Refrigerant Market:

By Product: R134a, R1234yf , Others

By Distribution Channel: OEM, Aftermarket

By Vehicle: Passenger car, Commercial vehicle

Regional Analysis for Automotive Refrigerant Market:

The regional analysis of the Automotive Refrigerant Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/automotive-refrigerent-market?kb

People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Automotive Refrigerant market?

➠ Who are the leading manufacturers in the global Automotive Refrigerant industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Automotive Refrigerant industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Automotive Refrigerant market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.