PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838366
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1838366
Refrigerants Market Growth Introduction and Overview
According to SPER market research, 'Global Refrigerants Market Size- By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Refrigerants Market is predicted to reach 25.38 Billion by 2034 with a CAGR 4.95%.
Refrigerants are substances used in cooling systems like air conditioners, refrigerators, heat pumps, and chillers to facilitate heat exchange, enabling effective temperature control. They operate in a closed cycle, where they evaporate and condense to absorb and release heat. Over time, different types of refrigerants have been introduced, including CFCs, HCFCs, HFCs, and more environmentally friendly alternatives such as HFOs and natural refrigerants like ammonia, CO2, and hydrocarbons.
Restraints: The refrigerants market faces several challenges that hinder its growth. Strict environmental regulations aimed at reducing ozone-depleting and high-global-warming-potential substances push manufacturers to develop and adopt greener alternatives. Safety concerns around the flammability and toxicity of some refrigerants add complexity, requiring careful handling and increasing costs.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Product, By Application
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Honeywell International Inc., DAIKIN INDUSTRIES, Ltd., Arkema, DONGYUE GROUP, The Chemours Company, Orbia, SINOCHEM GROUP CO., LTD., Linde PLC, Air Liquide, SRF Limited.
Global Refrigerants Market Segmentation:
By Product: Based on the Product, Global Refrigerants Market is segmented as; Fluorocarbon, Hydrocarbon, Inorganic, Others
By Application: Based on the Application, Global Refrigerants Market is segmented as; (Industrial Refrigeration, Domestic Refrigeration, Transport Refrigeration, Commercial Refrigeration, Stationary Air Conditioning, Heat Pumps, Chiller, Mobile Air Conditioner.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.