Refrigerants Market Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast, Top Companies 2025

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The refrigerants market size is estimated to be USD 21.3 billion in 2020 and is projected to reach USD 30.8 billion by 2025, at a CAGR of 7.7% between 2020 and 2025. Factors such as increasing demand for consumer appliances and growing cold chain markets will drive the refrigerants market. The major restraint for the market will be the regulations imposed against the usage of fluorocarbons such as HCFCs and HFCs in North America and Europe. However, the increasing demand for natural refrigerants will act as an opportunity for the market.

“Carbon dioxide is expected to be the fastest-growing type segment in the refrigerants market.”
Carbon dioxide is used as a refrigerant in various applications such as supermarket/hypermarket, transport, industrial, and chillers. Its thermos-physical properties such as good heat transfer coefficient, negligible pressure loss, and low viscosity make it a potential refrigerant for these applications. Carbon dioxide is estimated to be the fastest-growing refrigerant during the forecast period. Inorganic refrigerants such as carbon dioxide are mostly used in supermarket/hypermarket and the pharmaceutical & food industry. Factors such as the growing organized retail sector and increasing infrastructure spending on supermarkets with large sales areas are driving the demand for carbon dioxide in the region.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-92860
The Final Report will cover the impact analysis of COVID-19 on this industry: Refrigerants Market Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast, Top Companies 2025

“The split ACs application is projected to account for the largest share, in terms of volume and value, of the overall refrigerants market between 2018 and 2023.”
Split ACs is estimated to be the largest application segment in 2019 and is expected to continue its dominance throughout the forecast period. Refrigerants have a high demand in the split ACs application in APAC. This is due to the surge in the building & construction end-use industry, high economic growth rate, and an increasing standard of living and disposable income. Economic & demographic growth, increasing residential building activities, growing urbanization, and housing construction expenditure are the important drivers of the refrigerants market in the split ACs application.

“APAC is expected to be the fastest-growing refrigerants market during the forecast period, in terms of volume.”
APAC is the fastest-growing refrigerants market. The rising disposable income of consumers along with the changing lifestyle plays a significant role in boosting the refrigerants market. The market growth of refrigerants in the region is mainly attributed to China – the largest refrigerants market globally. Large consumer markets and lower cost of production in India and China are driving the region’s refrigerants market. Moreover, rapid urbanization, demand for domestic consumer appliances, and the reviving infrastructure industry in countries such as Thailand and Indonesia are expected to support the growth of the refrigerants market in Southeast Asia during the forecast period.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
• By Designation: C-Level – 46%, Director Level – 25%, and Others – 29%
• By Region: North America – 27%, Europe – 27%, APAC – 33%, South America – 7%, and Middle East & Africa – 6%,

Research Coverage
This report segments the market for refrigerants on the basis of type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for refrigerants.

Reasons to buy this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the refrigerants market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on refrigerants offered by top players in the global refrigerants market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the refrigerants market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for refrigerants across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global refrigerants market

TABLE OF CONTENT

1 INTRODUCTION 28
1.1 OBJECTIVES OF THE STUDY 28
1.2 MARKET DEFINITION 28
1.2.1 REFRIGERANTS MARKET: INCLUSIONS & EXCLUSIONS 28
1.3 MARKET SCOPE 29
FIGURE 1 REFRIGERANTS MARKET SEGMENTATION 29
1.3.1 REGIONS COVERED 29
1.3.2 YEARS CONSIDERED FOR THE STUDY 30
1.4 CURRENCY 30
1.5 UNIT CONSIDERED 30
1.6 STAKEHOLDERS 30
1.7 SUMMARY OF CHANGES 31

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

Leave a ReplyCancel Reply