Europe Refrigerant Market Forecast to 2028

Europe Refrigerant Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and Others) and Application (Refrigeration Systems, Chillers, Air-Conditioning Systems, MACs, and Others)

Report Code : BMIRE00025347 | Region : Europe | Industry : Chemicals and Materials | Published Date : 14/Jul/2022

The Europe refrigerant market is expected to grow from US$ 1,551.73 million in 2021 to US$ 2,286.52 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.

With the increasing disposable income and growing population, the demand for air conditioners and other home appliances in which refrigerants are used for cooling purposes has surged. In developing economies, construction activities have fueled the demand for refrigerants, as split ACs are widely used in construction. The construction industry is flourishing with the growing disposable income, especially in the middle-class population; elevating standards of living; and an increasing number of nuclear families. Apart from this, the mushrooming hypermarkets, supermarkets, and food retail chains, coupled with the rise in packaged and frozen food consumption, have significantly propelled the demand for refrigerants. In cost-sensitive economies, food wastage concerns fuel the demand for domestic refrigeration.

With innovative features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe refrigerant market at a good CAGR during the forecast period.

Europe Refrigerant Market Revenue and Forecast to 2028 (US$ Million)

Europe Refrigerant Market Segmentation

The Europe refrigerant market is segmented based on type, application, and country. Based on type, the market is segmented into HCFC, HFC, HFO, isobutane, propane, ammonia, carbon dioxide, and others. The HFC segment dominated the market in 2020, and the ammonia segment is expected to register the highest during forecast period. Based on application, the Europe refrigerant market is segmented into refrigeration system, chillers, air-conditioning systems, MACs, and others. The refrigeration system segment dominated the market in 2020, and air-conditioning systems segment is expected to record the highest CAGR during forecast period. Based on country, the Europe refrigerant market has been segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe.

AGC Inc.; AIR LIQUIDE SA; Arkema; Daikin Industries, Ltd.; Dongyue Group; Honeywell International Inc.; LINDE; Sinochem Group Co. Ltd.; and The Chemours Company are among the leading companies in the Europe refrigerant market.

Refrigeration System Segment to Dominate Europe Refrigerant Market During 2021–2028

According to a new market research study on “Europe Refrigerant Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application ” is expected to reach US$ 2,286.52 million by 2028 from US$ 1,551.73 million in 2021. The market is estimated to grow at a CAGR of 5.7% from 2021 to 2028. The report provides trends prevailing in the Europe refrigerant market along with the drivers and restraints pertaining to the market growth. Increase in per-capita income in developing economies and rise in demand for refrigeration system are the major factor driving the growth of the Europe refrigerant market . However, stringent regulation against fluorocarbon refrigerants hinders the growth of Europe refrigerant market .

The Europe refrigerant market is segmented based on type, application, and country. Based on type, Europe refrigerant market is segmented into HCFC, HFC, HFO, isobutane, propane, ammonia, carbon dioxide, and others. The HFC segment dominated the market in 2020 and ammonia segment is expected to be fastest growing during forecast period. Based on application, Europe refrigerant market is segmented into refrigeration system, chillers, air-conditioning systems, MACs, and others. The refrigeration system segment dominated the market in 2020 and air-conditioning systems segment is expected to be fastest growing during forecast period. Based on country, the Europe refrigerant market has been segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.

AGC Inc.; AIR LIQUIDE SA; Arkema; Daikin Industries, Ltd.; Dongyue Group; Honeywell International Inc.; LINDE; Sinochem Group Co. Ltd.; and The Chemours Company are among the leading companies in the Europe refrigerant market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, New Centrifugal Chiller Model Using New Environment-Friendly Refrigerant Adopted at the Japan National Stadium.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Europe Refrigerant Market, by Type

1.3.2 Europe Refrigerant, by Application

1.3.3 Europe Refrigerant Market, by Country

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. Europe Refrigerant Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Threat of New Entrants:

4.2.2 Threat of Substitutes:

4.2.3 Bargaining Power of Buyers:

4.2.4 Bargaining Power of Suppliers:

4.2.5 Competitive Rivalry:

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Europe Refrigerant Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rise in Demand for Refrigeration System

5.1.2 Increase in Per-capita Income in 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 Refrigerants

5.5 Impact Analysis

6. Refrigerant Market – Europe Analysis

6.1 Europe Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

7. Europe Refrigerant Market Analysis – By Type

7.1 Overview

7.2 Europe Refrigerant Market, By Type (2020 and 2028)

7.3 HCFC

7.3.1 Overview

7.3.2 HCFC: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

7.4 HFC

7.4.1 Overview

7.4.2 HFC: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

7.5 HFO:

7.5.1 Overview

7.5.2 HFO: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

7.6 Isobutane

7.6.1 Overview

7.6.2 Isobutane: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

7.7 Propane

7.7.1 Overview

7.7.2 Propane: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

7.8 Ammonia

7.8.1 Overview

7.8.2 Ammonia: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

7.9 Carbon Dioxide

7.9.1 Overview

7.9.2 Carbon Dioxide: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

7.10 Others

7.10.1 Overview

7.10.2 Others: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

8. Europe Refrigerant Market Analysis – By Application

8.1 Overview

8.2 Europe Refrigerant Market, By Application (2020 and 2028)

8.3 Refrigeration system

8.3.1 Overview

8.3.2 Refrigeration System: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

8.4 Chillers

8.4.1 Overview

8.4.2 Chillers: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

8.5 Air-conditioning System

8.5.1 Overview

8.5.2 Air-conditioning System: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

8.6 MACs

8.6.1 Overview

8.6.2 MACs: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

8.7 Others:

8.7.1 Overview

8.7.2 Others: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)

9. Europe Refrigerant Market – Country Analysis

9.1 Overview

9.1.1 Europe: Refrigerant Market, by Key Country

9.1.1.1 Germany: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 Germany: Refrigerant Market, by Type

9.1.1.1.2 Germany: Refrigerant Market, by Application

9.1.1.2 France: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 France: Refrigerant Market, by Type

9.1.1.2.2 France: Refrigerant Market, by Application

9.1.1.3 United Kingdom: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 United Kingdom: Refrigerant Market, by Type

9.1.1.3.2 United Kingdom: Refrigerant Market, by Application

9.1.1.4 Italy: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1 Italy: Refrigerant Market, by Type

9.1.1.4.2 Italy: Refrigerant Market, by Application

9.1.1.5 Russia: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1 Russia: Refrigerant Market, by Type

9.1.1.5.2 Russia: Refrigerant Market, by Application

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

9.1.1.6.1 Rest of Europe: Refrigerant Market, by Type

9.1.1.6.2 Rest of Europe: Refrigerant Market, by Application

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 New Product Development

10.4 Merger and Acquisition

11. Company Profiles

11.1 The Chemours Company

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 Arkema

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 Honeywell International Inc.

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 Dongyue Group

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 LINDE

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 AIR LIQUIDE SA

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 Sinochem Group Co. Ltd.

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 Daikin Industries, Ltd.

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

11.9 AGC Inc.

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1.             Europe Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Germany Refrigerant Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 3.             Germany Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 4.             France Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 5.             France Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 6.             United Kingdom Refrigerant Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 7.             United Kingdom Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)

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

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

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

Table 11.          Russia: Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 12.          Rest of Europe Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 13.          Rest of Europe Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 14.          Glossary of Terms

LIST OF FIGURES.

Figure 1.           Europe Refrigerant Market Segmentation

Figure 2.           Europe Refrigerant Market Segmentation – By Country

Figure 3.           Europe Refrigerant Market Overview

Figure 4.           Europe Refrigerant Market, By Type

Figure 5.           Europe Refrigerant Market, by Country

Figure 6.           Ecosystem: Europe Refrigerant Market

Figure 7.           Expert Opinion

Figure 8.           Europe Refrigerant Market Impact Analysis of Drivers and Restraints

Figure 9.           Europe Refrigerant Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Europe Refrigerant Market Revenue Share, By Type (2020 and 2028)

Figure 11.        Europe HCFC: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 12.        Europe HFC: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 13.        Europe HFO: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14.        Europe Isobutane: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15.        Europe Propane: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 16.        Europe Ammonia: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17.        Europe Carbon Dioxide: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18.        Europe Others: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19.        Europe Refrigerant Market Revenue Share, By Application (2020 and 2028)

Figure 20.        Europe Refrigeration System: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21.        Europe Chillers: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 22.        Europe Air-conditioning System: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 23.        Europe MACs: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 24.        Europe Others: Refrigerant Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 25.        Europe: Refrigerant Market, by Key Country – Revenue (2020) (US$ Million)

Figure 26.        Europe: Refrigerant Market Revenue Share, by Key Country (2020 and 2028)

Figure 27.        Germany: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28.        France: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29.        United Kingdom: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Italy: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Russia: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Rest of Europe: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Europe Refrigerant Market

● AGC Inc.

● AIR LIQUIDE SA

● Arkema

● Daikin Industries, Ltd.

● Dongyue Group

● Honeywell International Inc.

● LINDE 

● Sinochem Group Co. Ltd.

● The Chemours Company

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe refrigerant market.

● 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 Europe refrigerant market, thereby allowing players across the value chain to develop effective long-term strategies

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

● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the refrigerant market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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