South Korea R12 Refrigerant Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.18 Billion by 2030, growing at a CAGR of 3.0% from 2024 to 2030.
The South Korea R12 Refrigerant Market has seen significant shifts in recent years, driven by changes in regulatory policies, industry demand, and environmental concerns. As one of the most widely used refrigerants in air conditioning and refrigeration systems, R12 refrigerant’s market application continues to evolve. Industries across the country, from automotive to residential and commercial refrigeration, have played key roles in shaping its demand and supply chains. With the global transition toward eco-friendly refrigerants, South Korea is increasingly looking at alternatives, even as R12 refrigerant still plays a critical role in certain sectors.
R12 Refrigerant, once the standard for refrigerants in both air conditioning and refrigeration systems, has become less favored due to its high ozone depletion potential (ODP). However, it still finds application in various niche industries, such as in older air-conditioning systems and certain automotive applications. The demand for R12 refrigerant is primarily from industries that have not yet transitioned to newer, more environmentally friendly refrigerants due to the high cost and technical complexity of replacements.
Industries in South Korea requiring R12 refrigerants are faced with increasing scrutiny from regulatory bodies as the government implements stricter environmental standards. In response to these regulations, many companies are being forced to seek alternatives like R134A or R410A, which are less harmful to the ozone layer. The automotive industry, for instance, still uses R12 in older models of vehicles, though newer vehicles are more likely to use R134A. On the other hand, residential and commercial refrigeration sectors are gradually transitioning to more sustainable options, but the transition rate is slower due to financial constraints and technical challenges associated with upgrading equipment.
Despite these challenges, the South Korea R12 Refrigerant Market is expected to remain stable in the short term, as the demand from legacy systems and older models continues to exist. The market is likely to shift towards hybrid solutions that incorporate both older and newer refrigerants to ease the transition while complying with modern environmental standards. For companies, balancing regulatory requirements and the need for cost-effective solutions will be key to staying competitive and environmentally responsible in the market.
Overall, the South Korea R12 Refrigerant Market is facing a complex landscape, where the demand for traditional refrigerants is slowly declining, but industries continue to rely on them for certain applications. The push towards alternative refrigerants will only intensify, and companies must be prepared for the eventual phase-out of R12, embracing new technologies and refrigerants to stay ahead of regulatory changes.
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Orbia
Airgas
Zhejiang Juhua
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 South Korea R12 Refrigerant Market
Residential HVAC
Commercial HVAC
Automotive Air Conditioning
Refrigeration Systems
Industrial Cooling Systems
Building and Construction
Automotive
Food and Beverage
Healthcare
Manufacturing
Pure R12 Refrigerant
Blended Refrigerants
Replacement Refrigerants
Direct Sales
Distributors
Online Sales
Retail Outlets
Environmentally Friendly Alternatives
Compliance with Refrigeration and Air Conditioning Standards
Crop Production and Agriculture Standards
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea R12 Refrigerant 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. South Korea R12 Refrigerant Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea R12 Refrigerant Market, By Type
6. South Korea R12 Refrigerant Market, By Application
7. South Korea R12 Refrigerant Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea R12 Refrigerant Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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