Refrigerant Market Is Expected To Reach USD 42.22 Billion By 2029

PRESS RELEASE
Published November 1, 2023

Refrigerant is a compound normally found in either a gaseous or fluid state. It willingly absorbs heat from the environment and provides air conditioning or refrigeration when combined with other components like evaporators and compressors. A refrigerant is a substance which is used in a heat cycle to transfer heat from one area to another. Generally a gas at room temperature. Found in pretty much the whole thing that cools, and after sometimes in things that heat, most commonly refrigerants are used in freezers, air conditioners, fridges, and vehicle air conditioners.

The report aims to offer a comprehensive perspective on the Refrigerant Market 2029. It offers an industry overview, encompassing market growth analysis from both historical and futuristic perspectives, focusing on key parameters such as revenue, demand, and supply data where applicable. The study provides regional estimates, forecasts, and trend analysis for numerous countries, including the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxembourg, and the rest of Europe, as well as Japan, China, South Korea, India, Australia, New Zealand, Singapore, Thailand, Malaysia, Indonesia, the Philippines, and the rest of Asia-Pacific. Additionally, it covers Brazil, Argentina, the rest of South America, UAE, Saudi Arabia, Egypt, Israel, South Africa, and the rest of the Middle East and Africa, among others. The report also addresses the impact of COVID-19 and provides forecasts for post-COVID-19 recovery.

Data Bridge Market Research analyses that the refrigerant market was valued at USD 22.98 billion in 2021 and is expected to reach USD 42.22 billion by 2029, registering a CAGR of 7.90% during the forecast period of 2022 to 2029.

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Global Refrigerant Market Prominent Players:

Arkema (France), Dongyue Group Co. Ltd. (China), Honeywell International Inc. (US), The Chemours Company (US), Linde Plc (Ireland), Air Liquide (France), Sinochem Lantian Co. Ltd. (China), Daikin Industries LTD, (Japan), Mexichem (Mexico), AGC Inc, (Japan). Gas Servei (Spain), Gujarat Fluorochemicals Ltd. (India), Quimobasicos (Mexico), Zhejiang Fotech International Co.Ltd. (China), Tazzetti S.p.A. (Italy), SRF Limited (India), Changshu Sanaifu Zhonghao Chemical New Material Co., Ltd (China), Shandong Yue’an Chemical Co., Ltd, (China), among others.

Global Refrigerant Market Scope:

Type

  • HCFCs
  • HFCs
  • HFOs
  • Isobutane
  • Propane
  • Ammonia
  • Carbon Dioxide
  • Others

Application

  • Refrigerators
  • Large-Scale Refrigerators
  • Chillers
  • Air Conditioners
  • Heat Pumps
  • Others

End User

  • Domestic Household Refrigeration
  • Light Commercial Refrigeration
  • Commercial Racks and Condensing Units
  • Industrial Refrigeration

Regional Insights:

Asia-Pacific dominates the refrigerant market in terms of market share during the forecast period. This is due to the increasing demand for refrigerant in this region. The Asia-Pacific region leads the refrigerant market due to the increasing disposable income of the rising population along with rapid urbanization and industrialization in this region. During the projected period, North America is anticipated to be the fastest developing region due to the increasing number of technological advancement along with growing concern regarding food wastage in this region.

Browse Report Description:

https://www.databridgemarketresearch.com/reports/global-refrigerant-market?Pradip

Table of Content of Refrigerant Market:

1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Refrigerant market.

2: Exclusive Summary – the basic information of the Global Refrigerant Market.

3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Refrigerant; Post COVID Analysis.

4: Presenting the Global Refrigerant Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

5: Displaying the by Type, End User and Region/Country.

6: Evaluating the leading manufacturers of the Global Refrigerant Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.

7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions.

 To be continued

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