Press release
Global Automotive Refrigerant Market Set to Surge as Demand for Eco-Friendly and High-Efficiency Cooling Solutions Accelerates 2025 | Top key players - Arkema Inc., Chemours Company, Dongyue Group Ltd.
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.The Automotive Refrigerant Market, as analyzed by DataM Intelligence, offers a comprehensive industry overview backed by in-depth insights, historical trends, and key statistics. The report dives deep into market dynamics and competitive strategies, profiling major players along with their product portfolios, pricing models, financial performance, growth initiatives, and regional presence.
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The Automotive Refrigerant Market involves chemicals used in vehicle air conditioning systems to keep cabins cool and comfortable. These refrigerants absorb and release heat, ensuring a pleasant drive even on scorching days. As environmental concerns grow, the industry is shifting toward eco-friendly options that reduce global warming impact. It's all about keeping drivers happy while protecting the planet.
Major players in the Automotive Refrigerant Market
The prominent players in Automotive Refrigerant market research report are: 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.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In May 2022, Honeywell International Inc. launched Solstice® 456A, a next-generation hydrofluoroolefin (HFO)-based refrigerant designed for the European automotive aftermarket. The new refrigerant offers a more than 50% reduction in greenhouse gas emissions compared to conventional options, helping to improve the environmental footprint of existing vehicle air conditioning systems while maintaining high energy efficiency and performance.
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Market Segments
By Product: R134a, R1234yf, Others.
By Distribution Channel: OEM, Aftermarket .
By Vehicle: Passenger car, Commercial vehicle.
The Automotive Refrigerant industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Automotive Refrigerant Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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
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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.
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