Europe R-132Refrigerant Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
The Europe R-132 Refrigerant Market is witnessing significant growth as industries strive for more efficient and environmentally friendly cooling solutions. The demand for R-132 refrigerant, a hydrofluoroolefin (HFO) with low global warming potential (GWP), has been increasing in Europe. With tighter regulations around environmental impact and a growing push for sustainable alternatives, R-132 refrigerant is becoming the go-to option for many industries that rely on refrigeration and air conditioning systems.
As industries transition to more eco-friendly solutions, the use of R-132 refrigerant is gaining traction across several sectors, including automotive, food storage, and industrial refrigeration. In the automotive industry, for instance, R-132 is being integrated into air conditioning systems as a replacement for older, more harmful refrigerants. This shift aligns with Europe's commitment to reducing carbon emissions and meeting climate change targets set by the European Union.
Moreover, the food and beverage industry is another key player in the R-132 refrigerant market. With a growing emphasis on preserving food quality and extending shelf life while minimizing environmental harm, R-132 refrigerant is being utilized in large-scale refrigeration systems. The shift from traditional refrigerants to R-132 ensures that cooling processes are not only efficient but also meet sustainability goals. This is particularly important as consumer demand for green and environmentally friendly products continues to rise.
On the industrial side, sectors like pharmaceuticals and chemical processing also rely heavily on refrigeration for temperature-sensitive operations. R-132 refrigerant's low GWP makes it an ideal choice for companies looking to reduce their environmental footprint while maintaining optimal performance in refrigeration systems.
In response to the growing demand for R-132 refrigerant, manufacturers are scaling up production to meet the increasing requirement from industries. As environmental regulations become more stringent, industries will continue to prioritize the adoption of refrigerants like R-132 that are both effective and aligned with sustainability goals.
The Europe R-132 refrigerant market is expected to expand further as more industries adopt these green refrigerants. With the ongoing push towards environmentally responsible practices, R-132 refrigerant is positioned to play a central role in the future of the European refrigeration and air conditioning market.
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Chemours
Linde AG
DAIKIN
Navin Fluorine International (Padmanabh Mafatlal Group)
Gujarat Fluorochemicals (INOXGFL group)
Arkema
Zhengjiang Yonghe Refrigerant
Dongyue Group
Zhejiang Juhua
Jiangsu Meilan Chemical
Sanmei
Zhejiang Lantian Environmental Protection Hi-Tech
3F(Shanghai Huayi Group Corporation Limited)
Yingpeng Chemicals
Zhejiang Linhai Liming Chemical
Bluestar Green Technology
Shandong Yuean Chemical
China Fluoro Technology
Zhejiang Weihua Chemical
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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. 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 Europe R-132Refrigerant Market
Residential Cooling
Commercial Air Conditioning
Industrial Refrigeration
Automotive Air Conditioning
Pharmaceutical and Medical Applications
HVAC (Heating, Ventilation, and Air Conditioning)
Food and Beverage
Pharmaceuticals
Automotive
Manufacturing
Single Component
Blended Refrigerants
Low Global Warming Potential (GWP) Alternatives
High GWP Products
Hydrochlorofluorocarbon (HCFC)
Hydrofluorocarbon (HFC)
Natural Refrigerants (e.g., CO2, NH3)
Blended Refrigerants (e.g., R-404A, R-407C)
Direct Sales
Distributors
Online Sales
Retail Outlets
Wholesale Suppliers
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe R-132Refrigerant 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. Europe R-132Refrigerant Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe R-132Refrigerant Market, By Type
6. Europe R-132Refrigerant Market, By Application
7. Europe R-132Refrigerant Market, By Geography
Europe
Germany
UK
France
8. Europe R-132Refrigerant Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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