Refrigerants are generally in the fluid form and are used in a heat pump or refrigeration process. They primarily are of three types: Chlorofluorocarbons (CFC), Hydro-chloro-fluorocarbons (HCFC), and Hydro-fluorocarbons (HFC). All these types are believed to be hazardous to environment. HFCs are third generation of CFCs which do not deplete ozone layer, but are potentially greenhouse gases.
Hydrofluorocarbon (HFC), any of several organic compounds composed of hydrogen, fluorine, and carbon. HFCs are produced synthetically and are used primarily as refrigerants. They became widely used for this purpose beginning in the late 1980s, with the introduction of the Montreal Protocol, which phased out the use of chemicals such as halons and chlorofluorocarbons (CFCs) that contribute to the depletion of Earth’s ozone layer. However, while HFCs have an ozone depletion potential of zero, they are potent greenhouse gases, and thus their manufacture and use became increasingly regulated in the 21st century.
From the application perspective, the Air Conditioner market produced 679.9 K MT 2017 and is expected to reach 537.9 K MT by the end of 2023, growing at a CAGR of -3.83% between 2018 and 2023. The Automotive Air Conditioner market produced 391.7 K MT 2017 and is expected to reach 321.6 K MT by the end of 2023, growing at a CAGR of -3.23% between 2018 and 2023. The Refrigerator market produced 202.9 K MT 2017 and is expected to reach 170.4 K MT by the end of 2023, growing at a CAGR of -2.87% between 2018 and 2023. The others market produced 136.0 K MT 2017 and is expected to reach 112.2 K MT by the end of 2023, growing at a CAGR of -3.15% between 2018 and 2023.
Global HFC Refrigerant Market has experienced a rapid development in recent years. With the improving process and reducing cost, Global HFC Refrigerant price has been fluctuated in last five years. In the next few years, we tend to believe that this industry has a limited developing future due to the Montreal Protocol Kigali Amendment impacts. More substitute refrigerants are being invented and the HFCs phase-down plan will work soon.
According to this study, over the next five years the HFC Refrigerant market will register a -4.2% CAGR in terms of revenue, the global market size will reach US$ 2930 million by 2024, from US$ 3790 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in HFC Refrigerant business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of HFC Refrigerant market by product type, application, key manufacturers and key regions and countries.
This study considers the HFC Refrigerant value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
R-134a
R-410A
R-407C
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Air Conditioner
Automotive Air Conditioner
Refrigerator
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Chemours
Arkema
Daikin
Mexichem
Honeywell
Linde
Zhejiang Juhua
Dongyue Group
Sanmei
Sinochem Group
Meilan Chemical
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global HFC Refrigerant consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of HFC Refrigerant market by identifying its various subsegments.
Focuses on the key global HFC Refrigerant manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the HFC Refrigerant with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of HFC Refrigerant submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on HFC Refrigerant . Industry analysis & Market Report on HFC Refrigerant is a syndicated market report, published as Global HFC Refrigerant Market Growth 2019-2024. It is complete Research Study and Industry Analysis of HFC Refrigerant market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.