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Global Refrigerant Market 2017-2021

Global Refrigerant Market 2017-2021

About Refrigerant

A refrigerant is a substance or mixture, generally a fluid used as a medium to carry heat in HVAC equipment. Refrigerants undergo a transition phase from liquid to gas, and back to liquid, in a continuous refrigeration cycle. The various substances used as refrigerants have evolved over the years and are classified into different categories based primarily on their composition.

Technavio’s analysts forecast the global refrigerant market to grow at a CAGR of 6.09% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global refrigerant market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Refrigerant Market 2017-2021, 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
  • Asahi Glass
  • Climalife
  • Daikin Industries
  • Danfoss
  • Global Refrigerants
  • Mexichem
  • Navin Flourine International
  • Shandong Yuean Chemical Industry
  • Sinochem Group (China)
  • SRF
Market driver
  • Emergence of energy-efficient systems
  • For a full, detailed list, view our report
Market challenge
  • Capital-intensive HVAC industry
  • For a full, detailed list, view our report
Market trend
  • Increased usage of transcritical carbon dioxide systems in supermarkets
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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 Refrigerant Market 2017-2021

Technavio recognizes the following companies as the key players in the global refrigerant market: Airgas Refrigerants, Arkema, Chemours, Dongyue, Honeywell, and The Linde Group.

Other Prominent Vendors in the market are: A-Gas Americas, Asahi Glass, Climalife, Daikin Industries, Danfoss, Global Refrigerants, Mexichem, Navin Flourine International, Shandong Yuean Chemical Industry, Sinochem Group (China), and SRF.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased usage of transcritical carbon dioxide systems in supermarkets. The use of transcritical carbon dioxide systems started in 2005 when the first of its kind was installed in Italy. This system has started gaining popularity and till date close to 2,000 systems have been installed in supermarkets.”

According to the report, one driver in the market is emergence of energy-efficient systems. Energy efficiency is no longer a fringe benefit but the need of the hour. Homeowners, entrepreneurs, retailers, and consumers now demand that the products in their homes or commercial establishments be energy-efficient to reduce the rising energy costs. Moreover, governments across the globe are encouraging citizens to opt for appliances that are highly efficient. On account of this, large sums of money are spent on the research and development (R&D) of products with higher efficiency; one such example is the inverter technology air conditioners, which has gained much popularity in recent times.

Further, the report states that one challenge in the market is capital-intensive HVAC industry. The HVAC industry is the major end-user industry of refrigerants, accounting for more than half of the refrigerants market. However, the global HVAC market is a highly capital-intensive one. Therefore, HVAC market vendors face difficulty in earmarking the required substantial investments in R&D activities and for marketing campaigns. Many end-users also struggle to purchase HVAC systems, especially energy-efficient solutions, as they require considerably high initial investments.

Companies Mentioned

Airgas Refrigerants, Arkema, Chemours, Dongyue, Honeywell, and The Linde Group. A-Gas Americas, Asahi Glass, Climalife, Daikin Industries, Danfoss, Global Refrigerants, Mexichem, Navin Flourine International, Shandong Yuean Chemical Industry, Sinochem Group (China), and SRF.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Classification of refrigerants
    • Product evolution
      • Table Evolution of refrigerants from inception till date
      • Table Various treaties dealing with environmental concerns
      • Table Characteristics of an ideal refrigerant
  • Market landscape
    • Market size and forecast
      • Table Global refrigerant market 2016-2021 ($ billions)
      • Table Projected growth of middle-class 2015, 2025, and 2035
      • Table Global vehicle sales in H1 2012 and H1 2016 (million units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Market share of each product 2016, 2021
    • Fluorocarbon refrigerants
      • Table Global fluorocarbon refrigerants market 2016-2021 ($ billions)
      • Table Commonly used fluorocarbon refrigerants with their ODP
      • Table Commonly used refrigerants with their GWP
    • Inorganic refrigerants
      • Table Global inorganic refrigerants market 2016-2021 ($ billions)
      • Table Pros and cons of inorganic refrigerants
    • Hydrocarbon refrigerants
      • Table Global hydrocarbon refrigerants market 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Market share of the three regions 2016, 2021
    • APAC
      • Table Refrigerant market in APAC 2016-2021 ($ billions)
    • EMEA
      • Table Refrigerant market in EMEA 2016-2021 ($ billions)
      • Table EU HFC phase-out schedule 2015-2030 (% reduction)
    • Americas
      • Table Refrigerant market in the Americas 2016-2021 ($ billions)
      • Table US new residential construction 2005-2016 (thousands of units)
      • Table Monthly investment in new housing construction, by type of dwelling in Canada 2016 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Commercial construction projects in major countries
    • Market challenges
      • Table US EPA technical certification types for refrigerant handling
  • Market trends
    • Increased usage of transcritical carbon dioxide systems in supermarkets
    • Increased adoption of inorganic refrigerants
    • Use of VRF systems and integrated solutions
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Airgas Refrigerants
      • Table Airgas Refrigerants: Refrigerants product portfolio
    • Arkema
      • Table Arkema: Refrigerants product portfolio
    • Chemours
      • Table Chemours: Refrigerants product portfolio
    • Dongyue
      • Table Dongyue: Refrigerants product portfolio
    • Honeywell
      • Table Honeywell: Refrigerants product portfolio
    • The Linde Group
      • Table The Linde Group product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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