The “Refrigerants Market by Type (HFC & Blends, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide), Application (Refrigeration System, Air Conditioning System, Chillers, and MAC), and Region (Asia Pacific, North America, Europe, MEA) – Global Forecast to 2028″, size was USD 6.3 billion in 2022 and is projected to reach USD 9.0 billion by 2028, at a CAGR of 6.4%, between 2023 and 2028. The major drivers for this market are the increasing demand for consumer appliances such as refrigeration and air conditioning equipment and the growing cold chain market. Factors such as growth in the organized retail framework, a shift toward horticultural crops, and growth in the processed food sector have also contributed to the demand for refrigerants. Increasing regulations against fluorocarbon refrigerants due to their flammability and toxicity issues restrain the market growth. Owing to the increasing regulations on fluorocarbons, the refrigerants market is likely to witness increased demand for natural refrigerants, which may present an opportunity for the market to grow.
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- 331 Market data Tables
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- 285 Pages and in-depth TOC on “Refrigerants Market – Global Forecast to 2028″
This report also provides a comprehensive analysis of the companies listed below:
The key players in Refrigerants market are Arkema S.A. (France), Daikin Industries Ltd. (Japan), Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Dublin), and Air Liquide (France). Arkema SA (France) and Air Liquide (France) focus on the European region, whereas Honeywell International Inc. (US) and The Chemours Company (US) focus on the North American region. In general, these companies are all strong in their home regions and explore geographic diversification alternatives to grow their businesses. These companies focus on increasing their market shares through new product launches, partnerships, and enhancing their product portfolios.
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