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Increasing Consumer Disposable Income Acts As Catalyst For Refrigerant Market.

Increasing Consumer Disposable Income Acts As Catalyst For Refrigerant Market.

Domestic Segment In Refrigerant Market Expected To Show High Growth In Economies Of Asia Pacific And South America Due To Increasing Temperature Levels.

According to MarketIntelReports’ “Global Refrigerant Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2024”:

Browse 350 Pages and an in-depth TOC on “Refrigerant Market 2017-2024 ” here

An air conditioner refrigerant is defined as a mixture of different fluids that undergo change from liquid to gas and vice versa. It is useful in air conditioning systems. To reduce energy costs, entrepreneurs and retailers are demanding products which are energy efficient. Governments across the world also encourage citizens to choose efficient appliances. The growing demand for energy efficient technologies boosts the demand for central air conditioning system which enhances the growth of the Refrigerant Market. Residential or commercial owners are preferring more efficient HVAC systems which strengthens the demand for refrigerant gas.

Scope & Regional Forecast of the Refrigerant Market

Increasing use of VRF systems will enhance the growth of the Refrigerant Market. They can offer a better efficiency due to short pipe runs and allow the direct use of refrigerant gas. They need a lower space requirement for installation and the provision of heating and cooling at different locations in the building.

Asia Pacific will dominate the market due to the demand of the air conditioner motor in industries, commercial buildings, and automotives. China and India show improving living standards which is an asset to the industry.

North America is expected to have a steady demand of new refrigerants due to the mature conditions of the market in the region. Europe will have an average growth, since countries like UK, Switzerland, Germany, and France lead the market.

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Strict government norms about the use of halogens like CFC and HCFC may restrict the demand for the central ac coolant in the coming seven years. Modification in the environmental protocols like Montreal Protocol will hinder the growth of the industry. However R&D and product innovation provides opportunities for the cooling refrigerant.

Commercial refrigeration will have a higher growth due to economic developments along with increasing disposable income of consumers. Compared to the conventional refrigerants, CO2 gives a better performance.

Segmentations & Key Players Involved in the Refrigerant Market

The Refrigerant Market can be broken down into various segments as follows:

  • Region- North America, Europe, Asia-Pacific, Europe,South America,Middle East, Africa.

  • Application- Refrigerators, large scale refrigerators, chillers, air conditioners, heat pumps and others.

  • Type- Domestic household, industrial refrigeration, commercial racks & condensing units, and light commercial.

Some of the key players involved in the Refrigerant Market are as follows:

  • Arkema SA

  • Dongyue Group Co. Ltd.

  • Honeywell International Inc.

  • The Linde Group

  • Daikin Industries Limited


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