Warming Potential (GWP) Refrigerants Market was valued at USD 6.2 Billion in 2022 and is projected to reach USD 8.5 Billion by 2030, growing at a CAGR of 4.1% from 2024 to 2030.
The global Warming Potential (GWP) refrigerants market was valued at approximately USD 29.4 billion in 2022. It is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2028, reaching an estimated USD 40.1 billion by the end of the forecast period. This growth is driven by increasing regulatory pressure to phase out high-GWP refrigerants and the rising demand for environmentally friendly and energy-efficient cooling solutions. As nations implement stricter environmental policies, the shift towards low-GWP alternatives is expected to accelerate market expansion significantly.
Emerging markets present substantial opportunities for growth in the Warming Potential (GWP) refrigerants sector. Regions such as Asia-Pacific and Latin America are anticipated to experience rapid adoption of low-GWP refrigerants due to expanding industrial activities and rising consumer demand for air conditioning and refrigeration systems. The development of advanced refrigerant technologies and ongoing investment in sustainable cooling solutions further enhances market prospects. Companies operating in these regions are poised to benefit from favorable regulatory frameworks and increasing awareness of environmental impact, creating lucrative opportunities in the evolving landscape of refrigerant technologies.
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Arkema
Dongyue Group Co. Ltd.
Honeywell International Inc.
The Chemours Company
Linde Plc
Air Liquide
Sinochem Lantian Co. Ltd.
Daikin Industries LTD
Mexichem
AGC Inc
Gas Servei
Gujarat Fluorochemicals Ltd.
Quimobasicos
Zhejiang Fotech International Co.Ltd.
Tazzetti S.p.A.
SRF Limited
Changshu Sanaifu Zhonghao Chemical New Material Co.
Shandong Yuhuang Chemical Group Co.
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 Global Warming Potential (GWP) Refrigerants Market
Commercial Refrigeration
Domestic Refrigeration
Industrial Refrigeration
Based on Types the Market is categorized into Below types that held the largest Warming Potential (GWP) Refrigerants market share In 2023.
Inorganics
Carbon dioxide
Ammonia
Propane
Propylene
Isobutylene
Hydrofluoroolefins (HFOs)
Others
Global (United States, Global 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 Warming Potential (GWP) 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 Warming Potential (GWP) Refrigerants Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Warming Potential (GWP) Refrigerants Market, By Type
6. Global Warming Potential (GWP) Refrigerants Market, By Application
7. Global Warming Potential (GWP) Refrigerants Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Warming Potential (GWP) Refrigerants Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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