Market Research Logo

Global HVAC Refrigerant Market 2016-2020

About the HVAC Refrigerant Market

HVAC equipment encompasses all equipment used for heating, ventilation, and air conditioning purposes. Efforts undertaken by various countries to reduce greenhouse gases (GHG) in order to protect the environment are driving the market. Shipments are likely to be driven by the need to replace some of the existing conventional equipment that emits harmful gases such as chlorofluorocarbons (CFCs) and hydro chlorofluorocarbons (HCFCs). Additionally, the market is expected to grow worldwide due to the demand for energy saving and efficiency, along with the latest innovations in the field of home automation. However, commercial spaces such as hotels and retail centers deploy centralized HVAC systems and variables refrigerant flow (VRF) systems that incur high energy bills, which is expected to inhibit market growth to a certain extent.

Technavio’s analysts forecast the global HVAC refrigerant market to grow at a CAGR of 6.35% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global HVAC refrigerant market for 2016-2020. In order to arrive at the market size, we have considered the demand for refrigerants from various end-user segments in the global HVAC refrigerant market. The report considers the different types of refrigerants. The demand for HVAC refrigerants across all geographies is included in market size calculation.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • MEA
Technavio's report, Global HVAC Refrigerant Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Airgas Refrigerants
  • Arkema
  • Chemours
  • Dongyue
  • Honeywell
  • The Linde Group
Other prominent vendors
  • A Gas Americas
  • Daikin Industries
  • Climalife
  • NavinFlourine International
  • Shandong Yuean Chemicals
  • Sinochem Group (China)
  • SRF
Market driver
  • Energy-efficient systems and construction sector driving demand for HVAC equipment
  • For a full, detailed list, view our report
Market challenge
  • Concerns over safe storage and transportation of refrigerants
  • For a full, detailed list, view our report
Market trend
  • Growing use of oil-free centrifugal compressors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Heating, Ventilation, and Air Conditioning (HVAC) Refrigerant Market 2016-2020

Technavio recognizes the following companies as the key players in the global heating, ventilation, and air conditioning (HVAC) refrigerant market: Airgas Refrigerants, Arkema, Chemours, Dongyue, Honeywell, and the Linde Group.

Other Prominent Vendors in the market are: A Gas Americas, Daikin Industries, Climalife, NavinFlourine International, Shandong Yuean Chemicals, Sinochem Group (China), and SRF.

Commenting on the report, an analyst from Technavio’s team said: “A key trend that will influence market growth is the growing use of oil-free centrifugal compressors. A recent trend that has been observed is the increased use of oil-free centrifugal compressors using R-134A and R-1234ze as refrigerants. Such compressors are now regularly used in chilling water and also in condensation of carbon dioxide for circulation as a volatile secondary refrigerant. These compressors have several benefits such as light weight, compactness, virtual silence, and very low starting current. Another advantage of using oil-free compressors is that they provide an easy transition to the new type of refrigerants. The use of oil-free compressors eliminates the need to identify or develop lubricants that are compatible with the new refrigerant.”

According to the report, a key growth driver is the growing demand for energy-efficient systems. The HVAC equipment market is forecast to grow at a CAGR of 6.97% during 2015-2020. The increase in demand for HVAC equipment is fueled by the growth in the construction industry. The global construction industry is expected to record 85% growth in volume to reach $15.5 trillion by 2030. The construction industry, which currently accounts for 13% of the global GDP, will increase account for 15% of global GDP by 2020.

Further, the report states that one challenge that could restrict market growth is the concern over safe storage and transportation of refrigerants.

Companies Mentioned

Airgas Refrigerants, Arkema, Chemours, Dongyue, Honeywell, the Linde Group, A Gas Americas, Daikin Industries, Climalife, NavinFlourine International, Shandong Yuean Chemicals, Sinochem Group (China), SRF.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Refrigerant types
      • Table Key countries in each region
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Classification of refrigerants
    • Product evolution
      • Table Evolution of refrigerants from inception
      • Table Various treaties dealing with environmental concerns
      • Table Characteristics of ideal refrigerants
      • Table Global HVAC refrigerant market segmentation
    • Market overview
      • Table Global HVAC refrigerant market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global HVAC refrigerant market by types 2015 and 2020
    • Table Global market share of refrigerant types 2015-2020
    • Table Region-wise use of refrigerants in different applications 2015-2025
    • HVAC refrigerant market by fluorocarbons
      • Table Global fluorocarbon refrigerant market 2015-2020 ($ billions)
      • Table Commonly used refrigerants and their ODP
      • Table Commonly used refrigerants with their GWP
    • HVAC refrigerant market by inorganic type
      • Table Global inorganic refrigerant market 2015-2020 ($ billions)
      • Table Drivers and challenges in global inorganic refrigerant market
    • HVAC refrigerant market by hydrocarbons
      • Table Global hydrocarbons refrigerant market 2015-2020 ($ millions)
      • Table Pros and cons of hydrocarbons
      • Table HVAC refrigerant applications with their growth rates
  • Geographical segmentation
    • Table Global refrigerant market by geography 2015-2020
    • Table Geographic segmentation of HVAC refrigerants 2015-2020
    • HVAC refrigerant market in APAC
      • Table HVAC refrigerant market in APAC 2015-2020 ($ billions)
      • Table Average construction spending by country in APAC 2015
    • HVAC refrigerant market in the Americas
      • Table HVAC refrigerant market in the Americas 2015-2020 ($ billions)
      • Table HVAC equipment market in the Americas 2015-2020 ($ billions)
    • HVAC refrigerant market in EMEA
      • Table HVAC refrigerant market in EMEA 2015-2020 ($ billions)
      • Table EU HFC phase-out schedule
  • Market drivers
    • Energy-efficient systems and construction sector driving demand for HVAC equipment
    • Rise in demand from replacement and retrofitting activities
    • Steady growth in automotive sector
      • Table Automotive production in China
      • Table Automotive production in the US
    • Surge in demand from data centers
      • Table Global data center construction market 2014-2020 ($ billions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Concerns over safe storage and transportation of refrigerants
      • Table US EPA technical certification types on refrigerant handling
    • Capital-intensive HVAC industry
    • Stringent environmental laws on use of refrigerants
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Use of VRF systems and integrated solutions
    • Growing use of oil-free centrifugal compressors
    • Increased adoption of inorganic refrigerants
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Airgas Refrigerants
      • Table Airgas Refrigerants product portfolio
    • Arkema
      • Table Sales breakdown by business unit
      • Table Arkema product portfolio
      • Table Arkema: Revenue/EBITDA by 2013 and 2014 ($ billions)
    • Chemours
      • Table Chemours product portfolio
    • Dongyue
      • Table Dongyue product portfolio
      • Table Dongyue: Business segmentation by revenue 2014
      • Table Dongyue: Business segmentation by revenue 2013 and 2014 ($ millions)
    • Honeywell
      • Table Honeywell product portfolio
    • The Linde Group
      • Table Linde product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report