Refrigerant Market Forecast to 2028

Report Code : TIPRE00005348 | Region : Global | Industry : Chemicals and Materials | Published Date : 29/Apr/2022
Refrigerant Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and Others) and Application (Refrigeration Systems, Chillers, Air-Conditioning Systems, MACs, and Others)

The refrigerant market was valued at US$ 16,458.3 million in 2021 and is projected to reach US$ 25,534.6 million by 2028; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.

Refrigerant is a compound found in either a liquid or gaseous state. It absorbs heat from the environment and can provide refrigeration or air conditioning when combined with other components such as compressors and evaporators in the refrigeration cycle. The features of refrigerant, such as thermal stability, minimal toxicity, non-corrosiveness, and non-combustibility, make it suitable for use in light vehicle air conditioning. Refrigerants are used in refrigeration systems for manufacturing, chemicals, food & beverages, pharmaceuticals, and various other industries. The major factors driving the refrigerant market are the rise in demand for refrigeration systems and the increase in per-capita income in developing economies. The COVID-19 pandemic has further decreased the demand for refrigerants due to the slowdown of major economies across the globe. Furthermore, the growth in the automotive and electronics industries in various countries across the globe is projected to offer lucrative opportunities for the refrigerant market during the forecast period. However, the fluctuations in the prices of raw materials and stringent regulations against fluorocarbon refrigerants are expected to hamper the refrigerant market growth during the forecast period.

Based on type, the global refrigerant market has been segmented into HCFC, HFC, HFO, isobutane, propane, ammonia, carbon dioxide, and others. The HFC segment held the largest share in the global refrigerant market in 2020. The most commonly used HFC refrigerants are R-404A, R-410A, R-32, R-134a, and R-407C. HFCs are refrigerants that are highly preferred in domestic refrigeration and automotive air conditioning systems.

In 2020, Asia Pacific held the largest revenue share of the global refrigerant market. The major factor driving the refrigerant market in the Asia Pacific region is the high demand for refrigerants from manufacturing, food & beverages, healthcare, and automotive industries.

Strong electronics and food & beverages industries in countries such as Japan, South Korea, China, and India create a strong demand for refrigerants used in refrigerator and air conditioner manufacturing. The fast economic growth, coupled with an increase in purchasing power, especially in developing economies, has led to a surge in the consumption of chillers and mobile air conditioning (MAC). The growing automotive industry creates a massive demand for air conditioning systems in the Asia Pacific, further contributing to the refrigerant market growth in the region.

The Chemours Company; Arkema; Honeywell International Inc.; Linde plc; Air Liquide; Dongyue Group; SINOCHEM GROUP CO., LTD.; DAIKIN INDUSTRIES, Ltd.; AGC Inc.; and Airgas, Inc. are among the major players operating in the global refrigerant market. Players operating in the global refrigerant market are constantly focusing on strategies such as investments in research and development activities and new product launches. These market players are highly focused on developing high-quality and innovative product offerings to fulfill the customer’s requirements.

 

The overall global refrigerant market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the refrigerant market.

The List of Companies - Refrigerants Market

1. The Chemours Company

2. Arkema

3. Honeywell International Inc.

4. Linde plc

5. Air Liquide

6. Dongyue Group

7. SINOCHEM GROUP CO., LTD.

8. DAIKIN INDUSTRIES, Ltd.

9. AGC Inc.

10. Airgas, Inc.

TABLE OF CONTENTS

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.2.1 Graphene Market, by Type

1.2.2 Graphene Market, by Application

1.2.3 Graphene Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Graphene Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 List of Raw Material Suppliers

4.3.2 List of Manufacturers

4.3.3 List of Distributors

4.3.4 List of End Users

4.4 Expert Opinion

5. Graphene Market — Key Market Dynamics

5.1 Market Drivers

5.1.1 Rise in demand for air conditioning

5.1.2 Increase in per-capita income in the developing economies

5.2 Market Restraints

5.2.1 Stringent regulation against fluorocarbon refrigerants

5.3 Market Opportunities

5.3.1 Growing consumption of eco-friendly refrigerants

5.4 Future Trends

5.4.1 Surging demand for energy efficient refrigerant

5.5 Impact Analysis of Drivers and Restraints

6. Graphene –Market Analysis

6.1 Graphene Market Overview

6.2 Graphene Market –Revenue and Forecast to 2028

6.3 Competitive Positioning – Key Market Players

7. Global Graphene Market Analysis – By Type

7.1 Overview

7.2 Graphene Market By Type (2020 and 2028)

7.3 HCFC

7.3.1 Monolayer and Bilayer: Graphene Market – Revenue and Forecast to 2028 (US$ Million)

7.4 HFC

7.4.1 Graphene Nano-platelets : Graphene Market – Revenue and Forecast to 2028 (US$ Million)

7.5 HFO

7.5.1 Graphene Oxide : Graphene Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Isobutane

7.6.1 Others : Graphene Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Propane

7.7.1 Propane: Graphene Market – Revenue and Forecast to 2028 (US$ Million)

7.8 Ammonia

7.8.1 Ammonia: Graphene Market – Revenue and Forecast to 2028 (US$ Million)

7.9 Carbon Dioxide

7.9.1 Carbon Dioxide: Graphene Market – Revenue and Forecast to 2028 (US$ Million)

7.10 Others

7.10.1 Others : Graphene Market – Revenue and Forecast to 2028 (US$ Million)

8. Graphene Market Analysis – by Application

8.1 Overview

8.2 Graphene Market by Application (2020 and 2028)

8.3 Refrigeration Systems

8.3.1 Refrigeration Systems : Graphene Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Chillers

8.4.1 Chillers: Graphene Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Air-Conditioning Systems

8.5.1 Air-Conditioning Systems: Graphene Market – Revenue and Forecast to 2028 (US$ Million)

8.6 MACs

8.6.1 MACs: Graphene Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Others

8.7.1 Others: Graphene Market – Revenue and Forecast to 2028 (US$ Million)

9. Graphene Market – Geographic Analysis

9.1 Overview

9.2 North America: Graphene Market

9.2.1 North America: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Graphene Market, by Type

9.2.3 North America: Graphene Market, by Application

9.2.4 North America: Graphene Market, by Key Country

9.2.4.1 US: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Graphene Market, by Type

9.2.4.1.2 US: Graphene Market, by Application

9.2.4.2 Canada: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Graphene Market, by Type

9.2.4.2.2 Canada: Graphene Market, by Application

9.2.4.3 Mexico: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: Graphene Market, by Type

9.2.4.3.2 Mexico: Graphene Market, by Application

9.3 Europe: Graphene Market

9.3.1 Europe: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: Graphene Market, by Type

9.3.3 Europe: Graphene Market, by Application

9.3.4 Europe: Graphene Market, by Key Country

9.3.4.1 Germany: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Graphene Market, by Type

9.3.4.1.2 Germany: Graphene Market, by Application

9.3.4.2 France: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Graphene Market, by Type

9.3.4.2.2 France: Graphene Market, by Application

9.3.4.3 Italy: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Graphene Market, by Type

9.3.4.3.2 Italy: Graphene Market, by Application

9.3.4.4 United Kingdom: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 United Kingdom: Graphene Market, by Type

9.3.4.4.2 United Kingdom: Graphene Market, by Application

9.3.4.5 Russia: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: Graphene Market, by Type

9.3.4.5.2 Russia: Graphene Market, by Application

9.3.4.6 Rest of Europe: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: Graphene Market, by Type

9.3.4.6.2 Rest of Europe: Graphene Market, by Application

9.4 Asia Pacific: Graphene Market

9.4.1 Asia Pacific: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.4.2 Asia Pacific: Graphene Market, by Type

9.4.3 Asia Pacific: Graphene Market, by Application

9.4.4 Asia Pacific: Graphene Market, by Key Country

9.4.4.1 Australia: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 Australia: Graphene Market, by Type

9.4.4.1.2 Australia: Graphene Market, by Application

9.4.4.2 China: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 China: Graphene Market, by Type

9.4.4.2.2 China: Graphene Market, by Application

9.4.4.3 India: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 India: Graphene Market, by Type

9.4.4.3.2 India: Graphene Market, by Application

9.4.4.4 Japan: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 Japan: Graphene Market, by Type

9.4.4.4.2 Japan: Graphene Market, by Application

9.4.4.5 South Korea: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 South Korea: Graphene Market, by Type

9.4.4.5.2 South Korea: Graphene Market, by Application

9.4.4.6 Rest of Asia Pacific: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1 Rest of Asia Pacific: Graphene Market, by Type

9.4.4.6.2 Rest of Asia Pacific: Graphene Market, by Application

9.5 Middle East and Africa: Graphene Market

9.5.1 Middle East and Africa: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.5.2 Middle East and Africa: Graphene Market, by Type

9.5.3 Middle East and Africa: Graphene Market, by Application

9.5.4 Middle East and Africa: Graphene Market, by Key Country

9.5.4.1 South Africa: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Graphene Market, by Type

9.5.4.1.2 South Africa: Graphene Market, by Application

9.5.4.2 Saudi Arabia: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: Graphene Market, by Type

9.5.4.2.2 Saudi Arabia: Graphene Market, by Application

9.5.4.3 UAE: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 UAE: Graphene Market, by Type

9.5.4.3.2 UAE: Graphene Market, by Application

9.5.4.4 Rest of MEA: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of MEA: Graphene Market, by Type

9.5.4.4.2 Rest of MEA: Graphene Market, by Application

9.6 South America: Graphene Market

9.6.1 South America: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.6.2 South America: Graphene Market, by Type

9.6.3 South America: Graphene Market, by Application

9.6.4 South America: Graphene Market, by Key Country

9.6.4.1 Brazil: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Graphene Market, by Type

9.6.4.1.2 Brazil: Graphene Market, by Application

9.6.4.2 Argentina: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Graphene Market, by Type

9.6.4.2.2 Argentina: Graphene Market, by Application

9.6.4.3 Rest of South America: Graphene Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of South America: Graphene Market, by Type

9.6.4.3.2 Rest of South America: Graphene Market, by Application

10. Impact of COVID-19

10.1 Overview – Impact of COVID-19

10.2 Impact of COVID-19 on Graphene Market

10.3 North America: Impact Assessment of COVID-19 Pandemic

10.4 Europe: Impact Assessment of COVID-19 Pandemic

10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.7 South America: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 Linde plc

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Air Liquide

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Dongyue Group

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 SINOCHEM GROUP CO., LTD.

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 DAIKIN INDUSTRIES, Ltd.

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 AGC Inc.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Airgas, Inc.

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Others

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1. Percentage of Graphene Patents per Country

Table 2. List of Applicants for Graphene-Related Patents

Table 3. Graphene Market –Revenue and Forecast to 2028 (US$ Million)

Table 4. Global Graphene Market by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. Global Graphene Market by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. North America Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7. North America Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8. US Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 9. US Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10. Canada: Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 11. Canada Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 12. Mexico Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 13. Mexico Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 14. Europe Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 15. Europe Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 16. Germany Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 17. Germany Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 18. France Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 19. France Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 20. Italy Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 21. Italy Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 22. United Kingdom Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 23. United Kingdom Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 24. Russia: Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 25. Russia: Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 26. Rest of Europe Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 27. Rest of Europe Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 28. Asia Pacific Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 29. Asia Pacific Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 30. Australia Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 31. Australia Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 32. China Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 33. China Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 34. India Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 35. India Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 36. Japan Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 37. Japan Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 38. South Korea Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 39. South Korea Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 40. Rest of Asia Pacific Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 41. Rest of Asia Pacific Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 42. Middle East and Africa Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 43. Middle East and Africa Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 44. South Africa Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 45. South Africa Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 46. Saudi Arabia Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 47. Saudi Arabia Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 48. UAE Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 49. UAE Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 50. Rest of MEA Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 51. Rest of MEA Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 52. South America Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 53. South America Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 54. Brazil Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 55. Brazil Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 56. Argentina Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 57. Argentina Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 58. Rest of South America Graphene Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 59. Rest of South America Graphene Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 60. Glossary of Terms, Global Graphene Market

The List of Companies - Refrigerants Market

1. The Chemours Company

2. Arkema

3. Honeywell International Inc.

4. Linde plc

5. Air Liquide

6. Dongyue Group

7. SINOCHEM GROUP CO., LTD.

8. DAIKIN INDUSTRIES, Ltd.

9. AGC Inc.

10. Airgas, Inc.

Reason To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global refrigerant market, thereby allowing players to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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