PUBLISHER: IMARC | PRODUCT CODE: 1298832
PUBLISHER: IMARC | PRODUCT CODE: 1298832
Aerosol Refrigerants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global aerosol refrigerants market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Refrigerants refer to a chemical combination of various working fluids, gasses, and fine solid particles, including aerosol, which are evenly distributed for functioning as a cooling agent in the refrigeration cycles and heat pumps. They are cost-effective, non-toxic, and non-flammable in nature, due to which they are extensively used in refrigerators, air conditioning systems, and chillers for maintaining optimum temperature. On account of these properties, aerosol refrigerants are employed in commercial and residential sectors. At present, they are commercially available in the steel and aluminum (Al) material types.
Aerosol Refrigerants Market Trends:
The global aerosol refrigerants market is primarily being driven by the increasing need for various consumer appliances, including refrigerators, chillers, and heating, ventilation, and air conditioning (HVAC) products across several industrial verticals to minimize power consumption. Additionally, the widespread adoption of aerosol refrigerants in the residential sector can be attributed to the rising construction activities across the globe on account of rapid commercialization and urbanization, evolving living standards, and inflating disposable incomes, particularly in emerging economies. In line with this, rising environmental concerns have prompted governments of several countries to undertake favorable initiatives to promote the manufacturing of eco-friendly aerosol refrigerants for eliminating the utilization of hydrofluorocarbons (HFC) and hydrofluoro-olefins (HFOs). This further assists in reducing the risk of ozone depletion and global warming, thus acting as another major growth-inducing factor. Additionally, significant technological advancements, such as the introduction of carbon dioxide (CO2) cascade and cold chain solutions that are infused with propane-based cooling systems, are further contributing to the market growth. Other factors, such as continuous investments in research and development (R&D) activities and strategic collaborations amongst key players to launch steel aerosol refrigerants that exhibit recyclable and sustainable properties, while reducing production costs, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aerosol refrigerants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, container type and end use sector.
Breakup by Product:
HFC-143a
HFC-32
HFC-125
SF6
Others
Breakup by Container Type:
Steel
Aluminum
Breakup by End Use Sector:
Residential
Commercial
Industrial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being A-Gas, Arkema S.A., Baltic Refrigeration Group, Daikin Industries Ltd., Dongyue Group, Fastenal Company, Groupe Gazechim, Honeywell International Inc., Navin Fluorine International Limited, Sinochem Corporation, SRF Limited (Kama Holdings Ltd.), Technical Chemical Company and The Chemours Company.
Key Questions Answered in This Report
1. What was the size of the global aerosol refrigerants market in 2022?
2. What is the expected growth rate of the global aerosol refrigerants market during 2023-2028?
3. What are the key factors driving the global aerosol refrigerants market?
4. What has been the impact of COVID-19 on the global aerosol refrigerants market?
5. What is the breakup of the global aerosol refrigerants market based on the product?
6. What is the breakup of the global aerosol refrigerants market based on the container type?
7. What is the breakup of the global aerosol refrigerants market based on the end-use sector?
8. What are the key regions in the global aerosol refrigerants market?
9. Who are the key players/companies in the global aerosol refrigerants market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Aerosol Refrigerants Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 HFC-143a
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 HFC-32
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 HFC-125
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 SF6
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Container Type
- 7.1 Steel
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Aluminum
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use Sector
- 8.1 Residential
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 A-Gas
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Arkema S.A.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Baltic Refrigeration Group
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Daikin Industries Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Dongyue Group
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Fastenal Company
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Groupe Gazechim
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Honeywell International Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Navin Fluorine International Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 Sinochem Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 SRF Limited (Kama Holdings Ltd.)
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Technical Chemical Company
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 The Chemours Company
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.1 A-Gas
List of Figures
- Figure 1: Global: Aerosol Refrigerants Market: Major Drivers and Challenges
- Figure 2: Global: Aerosol Refrigerants Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Aerosol Refrigerants Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Aerosol Refrigerants Market: Breakup by Product (in %), 2022
- Figure 5: Global: Aerosol Refrigerants Market: Breakup by Container Type (in %), 2022
- Figure 6: Global: Aerosol Refrigerants Market: Breakup by End Use Sector (in %), 2022
- Figure 7: Global: Aerosol Refrigerants Market: Breakup by Region (in %), 2022
- Figure 8: Global: Aerosol Refrigerants (HFC-143a) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Aerosol Refrigerants (HFC-143a) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Aerosol Refrigerants (HFC-32) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Aerosol Refrigerants (HFC-32) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Aerosol Refrigerants (HFC-125) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Aerosol Refrigerants (HFC-125) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Aerosol Refrigerants (SF6) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Aerosol Refrigerants (SF6) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Aerosol Refrigerants (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Aerosol Refrigerants (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Aerosol Refrigerants (Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Aerosol Refrigerants (Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Aerosol Refrigerants (Aluminum) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Aerosol Refrigerants (Aluminum) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Aerosol Refrigerants (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Aerosol Refrigerants (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Aerosol Refrigerants (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Aerosol Refrigerants (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Aerosol Refrigerants (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Aerosol Refrigerants (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Aerosol Refrigerants Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Aerosol Refrigerants Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Aerosol Refrigerants Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Aerosol Refrigerants Industry: SWOT Analysis
- Figure 78: Global: Aerosol Refrigerants Industry: Value Chain Analysis
- Figure 79: Global: Aerosol Refrigerants Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Aerosol Refrigerants Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Aerosol Refrigerants Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Aerosol Refrigerants Market Forecast: Breakup by Container Type (in Million US$), 2023-2028
- Table 4: Global: Aerosol Refrigerants Market Forecast: Breakup by End Use Sector (in Million US$), 2023-2028
- Table 5: Global: Aerosol Refrigerants Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Aerosol Refrigerants Market: Competitive Structure
- Table 7: Global: Aerosol Refrigerants Market: Key Players
