Global Refrigerant Market record offers an in-intensity observe of Refrigerant marketplace the use of Porter’s 5 Forces analysis I.e. strength, weakness, opportunities and threat to the company. The Refrigerant marketplace file also gives an in-intensity survey of key gamers in the marketplace which is based on the various targets of an organization which includes profiling, the product define, the amount of manufacturing, required raw cloth, and the economic fitness of the agency. With segments calibrated in the marketplace’s length, growth charge and general appeal of the market, the report affords business enterprise marketplace percentage analysis to present a broader evaluation of the key market gamers.
Global Refrigerant Market report provides detailed information about the market competitive landscape, regional landscape, vendor landscape, market size and forecast, key leading countries and regions. Also includes Digital Inks Market analysis, key manufacturers, key market highlights, Key product types, market drivers and restrains, key challenges and industry trends.
Major Players: Global Refrigerant Market
Some of the major players operating in this market are-Arkema SA, Dongyue Group Ltd, Honeywell International Inc., The Chemours Company, The Linde Group, Daikin Industries, Ltd., Mexichem S.A.B. de C.V., Sinochem Group, Air Liquide, A-Gas, Shandong Yue’an Chemical Co., Ltd, Gas Servei, Zhejiang Fotech International Co. Ltd., Srf Limited, Asahi Glass Co., Ltd, Quimobasicos SA de CV, Changshu 3F Fluorochemical Industry Co., Ltd., OZ-Chill Refrigerants, Tazzetti S.P.A. among others.
Global Refrigerant Market is expected to reach 2,019.96 Thousand Metric Tons by 2025 from 1,306.44 Thousand Metric Tons in 2017, at a CAGR of 5.7% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Segmentation: Global Refrigerant Market
Global Refrigerant Market By Industry (Domestic household refrigeration (Hydrocarbons (propane, isobutene and others), Fluorocarbons (HCFC’s, HFC’s and hydrofluro olefins)), Light commercial refrigeration (Carbon dioxide, Hydrocarbons (propane, isobutene and others), Fluorocarbons (HCFC’s, HFC’s and hydrofluro olefins), low GWP alternatives), Commercial racks and condensing units ( Carbon dioxide, Hydrocarbons (propane, isobutene and others), Fluorocarbons (HCFC’s, HFC’s and hydrofluro olefins), low GWP alternatives and ammonia), Industrial refrigeration ( Carbon dioxide, Hydrocarbons (propane, isobutene and others), Fluorocarbons (HCFC’s, HFC’s and hydrofluro olefins), low GWP alternatives and ammonia), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
High points of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Drivers and restrains of the market
- Competitive landscape
- Potential and niche segments/regions exhibiting promising growth
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Drivers: Global Refrigerant Market
The major factors driving the growth of this market are the China focusing on natural refrigerants, technological changes such as low GWP refrigerants. Growth in the cold chain market, increase in the disposable income leading to rise in purchasing power of consumer appliances are some of the other factors which boost the market growth.
TECHNOLOGICAL CHANGES SUCH AS LOW GWP REFRIGERANTS
Low GWP (Global Warming Potential) is low global warming potential in the use of the refrigerant. GWP is the measurement of the greenhouse gases when it is released into the atmosphere and act as an indicator against (Carbon Dioxide) CO2, signifies GWP equals to one. Due to use of refrigerants such as R11, R12, R113, R500 and many more results in greenhouses gases, along with the high GWP of HFCs (Hydrofluorocarbons), key players are switching to hydro fluoroolefin (HFO), hydrocarbons (HCs) and ammonia which are being observed to give low GWP and Zero ODP. This in result will reduce the carbon emission and energy consumption. For instance, by 2022, European Union has agreed to ban the usage of HFCs in new equipment in various sectors, mostly at the commercial refrigeration.
INCREASE IN THE DISPOSABLE INCOME LEADING TO RISE IN PURCHASING POWER OF CONSUMER APPLIANCES
Rise in the disposable income will automatically increase the purchasing power, which will lead to the demand of home appliances. Other factor consists of different cost made by different competitors, energy efficiency norms of different products, brand names along with various differentiating features. For instance, appliances with more number of energy stars are mostly preferred by the people.
Following are the statistics related to the rise in the disposable income as well as purchasing power are –
- For instances, According to Statista, Around 10.0 million units of refrigerators are sold each year in the United States and shipment of freezers within the U.S. amount to more than 2.0 million units every year.
- According to Statista, in 2016, in U.S. shipment of refrigerator accounts 10.9 million.
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