Global Refrigerants Market Size is valued nearly at USD 22.9 billion by 2018 and it is estimated to reach up to USD xx.xx billion by 2025. According to the latest study of the industry experts and our analyst is conducted, and then the global market is expected to grow at a CAGR of 6.1% during the forecast period that is 2018-2025. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global refrigerants market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global refrigerants market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Type Insights: The refrigerants market has been classified into HCFC, HFCs, HFOs, isobutane, propane, ammonia, carbon dioxide, and others. Ammonia refrigerants are widely used popularity in APAC because of, lower carbon dioxide emissions. The application of HFC is used in air conditioning because they are less harmful to the atmosphere in comparison to other refrigerants. They also distributed as the most important substitutes for phased-out HCFCs. These results will be a high demand for HFCs globally.
By Application Insights: Commercial refrigeration is an application observing significant growth. Increasing hypermarket, supermarket, and food retail chains, coupled with rising in consumption of packaged and frozen foods, has improved the demand for commercial refrigerants. Air conditioning is observed to be gaining importance as a constraint feature in automobiles, because of influencing consumer purchasing behavior and generating high demand for mobile air conditioning products and services. Air conditioning has been considered a factor resulting in increased efficiency in automobile applications, which has improved its demand.
The global refrigerants market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The Asia Pacific is expected to be the fastest growing region in the global Refrigerants Market, because of increasing industrialization and employment, disposable income is expected to increase of the region. Increasing demand for end-user industries of the automobile industry and others Sectors and growing countries such as China and India are expected to help in the growth of the Refrigerants Market during over the forecast period.
Global Refrigerants Market Size, Share Analysis By Region 2017
North America held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years which is followed by Europe. Middle East and Africa market gaining attraction of the new investment from key players companies which are looking more scope in this region and is expected to rise healthy growth over the forecast period.
Global Refrigerants Market Study Objective
1. To forecast the market size of refrigerants market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of refrigerants market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have major impact on the growth of refrigerants market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of refrigerants market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the refrigerants market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
The key players operating in the market are Arkema S.A., Dongyue Group Co. Ltd., Honeywell International Inc., The Chemours Company , The Linde Group, Air Liquide , Sinochem Lantian Co. Ltd., Daikin Industries , Mexichem, and Asahi Glass Corporation.
Global Refrigerants Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online