Refrigerants Market size is estimated to be USD 25.5 Billion in 2024 and is expected to reach USD 40.2 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
In 2022, the global refrigerants market was valued at approximately USD 23.1 billion, with Asia Pacific leading by accounting for 40.9% of this total. North America and Europe followed, contributing significant shares. The market is projected to grow at a compound annual growth rate (CAGR) of 8.9%, reaching USD 35.3 billion by 2027. This growth is driven by increasing demand for air conditioning and refrigeration systems, particularly in emerging economies.The Asia Pacific region is expected to continue its dominance due to rapid urbanization and industrialization, leading to heightened demand for cooling solutions. North America is also anticipated to experience growth, supported by advancements in refrigeration technologies and a strong cold chain infrastructure. Europes market expansion is projected to be influenced by stringent environmental regulations promoting the adoption of eco friendly refrigerants. Overall, the global refrigerants market is poised for substantial growth, with significant opportunities arising from technological innovations and the transition towards sustainable refrigerant options.
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Chemours Company
Honeywell International Inc
Arkema S.A.
Dongyue Group Co. Ltd
Asahi Glass Co.
Ltd.
Daikin Industries Ltd.
Sinochem Corporation
Mexichem S.A.B. de C.V.
The Linde Group
SRF Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Refrigerants Market
Hydrochlorofluorocarbons (HCFCs)
Hydrofluorocarbons (HFCs)
Natural Refrigerants
PFCs (Perfluorocarbons)
Commercial Refrigeration
Residential Refrigeration
Industrial Refrigeration
Transport Refrigeration
Chillers
Food and Beverage Industry
Pharmaceutical Sector
HVAC Systems
Aerospace and Defense
Automotive Industry
Single Component Refrigerants
Blended Refrigerants
Refrigerant Mixtures
Direct Sales
Distributors and Wholesalers
Online Sales Platforms
Retail Stores
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Refrigerants Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Refrigerants Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Refrigerants Market, By Type
6. Global Refrigerants Market, By Application
7. Global Refrigerants Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Refrigerants Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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