Japan R290 Refrigerant Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 16.0% from 2024 to 2030.
The Japan R290 refrigerant market is witnessing significant growth driven by its diverse applications across various sectors. R290, also known as propane, is increasingly being adopted due to its eco-friendly properties and high energy efficiency. One of the primary applications of R290 refrigerant is in residential air conditioning systems. Homeowners and builders are shifting towards R290-based systems because of their low global warming potential (GWP) and superior cooling performance. The use of R290 in residential settings not only contributes to environmental sustainability but also helps in reducing energy consumption and operational costs. This growing trend underscores a larger movement towards greener alternatives in household cooling solutions.
In addition to residential air conditioning, R290 is making significant inroads in commercial refrigeration applications. This includes its use in refrigeration units for supermarkets, convenience stores, and cold storage facilities. The efficiency and minimal environmental impact of R290 make it an attractive option for businesses looking to meet stringent regulatory standards and enhance their sustainability efforts.
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Evonik
Re-Atlantis Pressure Gauge
Sigma-Aldrich
Ark Pharma Scientific Limited
Tractus
Tokyo Chemical Industry (TCI)
Zhongwei Fine Chemical
Shandong Yue’an New Material
Heze Sirloong Chemical
Nanjing ZL Energy
JM Chemical
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 Japan R290 Refrigerant Market
Refrigerators/Freezers
Cool Units
Air Condition
Others
Based on Types the Market is categorized into Below types that held the largest R290 Refrigerant market share In 2023.
Disposable Cylinder Packing
Repeatable Cylinder Packing
Japan (United States, Japan 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 Japan R290 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. Japan R290 Refrigerant Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan R290 Refrigerant Market, By Type
6. Japan R290 Refrigerant Market, By Application
7. Japan R290 Refrigerant Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan R290 Refrigerant Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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