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Published: Jan, 2018 | Pages:
110 | Publisher: Grand View Research
Industry: Power | Report Format: Electronic (PDF)
The global refrigerant market size is expected to reach USD 30.37 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% during the forecast period. Development of eco-friendly alternatives, as a result of environmental policies aimed at ozone depletion and GHG emissions, is a key factor driving market growth. Regulations across EU, Japan, China, and U.S. have prompted consumers to shift toward hydrocarbon and inorganic refrigerants, with its demand predicted to increase drastically over the forecast period. The fluorocarbons segment accounted for over 50% of the overall consumption in 2016. Inorganics emerged as the second-largest product segment in terms of revenue. Thermal efficiency of the product has enabled its penetration across industrial applications. Low cost, easy availability, and eco-friendly characteristics are key factors boosting its demand in industrial areas. The Asia Pacific market for refrigerants has reported strong demand in recent times. Growth in industrial activity and productivity across China and India will continue to spur demand for refrigeration across residential, industrial, and commercial sectors. China represented more than one fifth of the global consumption in 2016. Companies are constantly striving to consolidate their presence through product development, regional expansions, and application diversification strategies. Innovative and cost-effective products that meet both end-user specifications and regulatory standards are key determinants for competitive edge. Further key findings from the report suggest: • The global refrigerant demand was estimated at 1.73 million tons in 2016 and is expected to rise at a CAGR of 5.4% from 2017 to 2025 • The United Nations Framework Convention on Climate Change has played a pivotal role in regulating the use of refrigerant products and has compelled industry participants to develop alternative sources • Europe is the second largest consumer, with the mobile air conditioning, industrial, and commercial refrigeration sectors exhibiting strong demand. A standard environmental policy across EU has impelled regional manufacturers to invest extensively in R&D • The hydrocarbon refrigerant segment is expected to witness a CAGR of 8.9% in terms of volume over the forecast period. Energy efficiency, low cost, and ecofriendly nature of the product are key traits positively influencing demand • Domestic refrigeration is estimated to emerge as the most promising segment in terms of volume, exhibiting a CAGR of 6.2% over the forecast period • Some of the key players in the market are Honeywell International, Daikin Industries Limited, Arkema S.A., Linde Group, and The Chemours Company.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2014 - 2025
3.3 Refrigerant market - value chain analysis
3.4 Regulatory framework
3.5 Refrigerant market dynamics
3.5.1 Market driver analysis
3.5.1.1 High demand for cooling equipment in emerging economies
3.5.1.2 Growing cold chain market
3.5.2 Market restraint analysis
3.5.2.1 Stringent regulations against fluorocarbon refrigerants
3.5.2.2 Flammability and toxicity issues of fluorocarbon alternatives
3.6 Key opportunities prioritized
3.7 Industry analysis - Porter's
3.8 Refrigerant market - PESTEL analysis
Chapter 4 Refrigerant Market: Product Estimates & Trend Analysis
4.1 Product Market Introduction, 2016 & 2025
4.2 Fluorocarbon
4.2.1 Market estimates & forecast, 2014 - 2025
4.3 Hydrocarbon
4.3.1 Market estimates & forecast, 2014 - 2025
4.4 Inorganic
4.4.1 Market estimates & forecast, 2014 - 2025
Chapter 5 Refrigerant Market: Application Estimates & Trend Analysis
5.1 Application Market Introduction, 2016 & 2025
5.2 Industrial Refrigeration
5.2.1 Market estimates & forecast, 2014 - 2025
5.3 Domestic Refrigeration
5.3.1 Market estimates & forecast, 2014 - 2025
5.4 Transport Refrigeration
5.4.1 Market estimates & forecast, 2014 - 2025
5.5 Commercial Refrigeration
5.5.1 Market estimates & forecast, 2014 - 2025
5.6 Stationary Air Conditioning, Chillers & Heat Pumps
5.6.1 Market estimates & forecast, 2014 - 2025
5.7 Mobile Air Conditioning
5.7.1 Market estimates & forecast, 2014 - 2025
Chapter 6 Refrigerant Market: Regional Estimates & Trend Analysis
6.1 Regional Market Introduction, 2016 & 2025
6.2 North America
6.2.1 Market estimates & forecast, 2014 - 2025
6.2.2 Market estimates & forecast, by product, 2014 - 2025
6.2.3 Market estimates & forecast, by application, 2014 - 2025
6.2.4 U.S.
6.2.4.1 Market estimates & forecast, 2014 - 2025
6.2.4.2 Market estimates & forecast, by product, 2014 - 2025
6.2.4.3 Market estimates & forecast, by application, 2014 - 2025
6.2.5 Canada
6.2.5.1 Market estimates & forecast, 2014 - 2025
6.2.5.2 Market estimates & forecast, by product, 2014 - 2025
6.2.5.3 Market estimates & forecast, by application, 2014 - 2025
6.2.6 Mexico
6.2.6.1 Market estimates & forecast, 2014 - 2025
6.2.6.2 Market estimates & forecast, by product, 2014 - 2025
6.2.6.3 Market estimates & forecast, by application, 2014 - 2025
6.3 Europe
6.3.1 Market estimates & forecast, 2014 - 2025
6.3.2 Market estimates & forecast, by product, 2014 - 2025
6.3.3 Market estimates & forecast, by application, 2014 - 2025
6.3.4 Germany
6.3.4.1 Market estimates & forecast, 2014 - 2025
6.3.4.2 Market estimates & forecast, by product, 2014 - 2025
6.3.4.3 Market estimates & forecast, by application, 2014 - 2025
6.3.5 U.K.
6.3.5.1 Market estimates & forecast, 2014 - 2025
6.3.5.2 Market estimates & forecast, by product, 2014 - 2025
6.3.5.3 Market estimates & forecast, by application, 2014 - 2025
6.3.6 France
6.3.6.1 Market estimates & forecast, 2014 - 2025
6.3.6.2 Market estimates & forecast, by product, 2014 - 2025
6.3.6.3 Market estimates & forecast, by application, 2014 - 2025
6.4 Asia Pacific
6.4.1 Market estimates & forecast, 2014 - 2025
6.4.2 Market estimates & forecast, by product, 2014 - 2025
6.4.3 Market estimates & forecast, by application, 2014 - 2025
6.4.4 China
6.4.4.1 Market estimates & forecast, 2014 - 2025
6.4.4.2 Market estimates & forecast, by product, 2014 - 2025
6.4.4.3 Market estimates & forecast, by application, 2014 - 2025
6.4.5 India
6.4.5.1 Market estimates & forecast, 2014 - 2025
6.4.5.2 Market estimates & forecast, by product, 2014 - 2025
6.4.5.3 Market estimates & forecast, by application, 2014 - 2025
6.4.6 Japan
6.4.6.1 Market estimates & forecast, 2014 - 2025
6.4.6.2 Market estimates & forecast, by product, 2014 - 2025
6.4.6.3 Market estimates & forecast, by application, 2014 - 2025
6.5 Central & South America (CSA)
6.5.1 Market estimates & forecast, 2014 - 2025
6.5.2 Market estimates & forecast, by product, 2014 - 2025
6.5.3 Market estimates & forecast, by application, 2014 - 2025
6.5.4 Brazil
6.5.4.1 Market estimates & forecast, 2014 - 2025
6.5.4.2 Market estimates & forecast, by product, 2014 - 2025
6.5.4.3 Market estimates & forecast, by application, 2014 - 2025
6.6 Middle East & Africa (MEA)
6.6.1 Market estimates & forecast, 2014 - 2025
6.6.2 Market estimates & forecast, by product, 2014 - 2025
6.6.3 Market estimates & forecast, by application, 2014 - 2025
6.6.4 Saudi Arabia
6.6.4.1 Market estimates & forecast, 2014 - 2025
6.6.4.2 Market estimates & forecast, by product, 2014 - 2025
6.6.4.3 Market estimates & forecast, by application, 2014 - 2025
Chapter 7 Competitive Landscape
7.1 Refrigerant Company Heat Map Analysis
7.2 Vendor Landscape
7.3 Competitive Environment
7.4 Strategy Framework
Chapter 8 Company Profiles
8.1 Honeywell International Inc.
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 Daikin Industries Ltd
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 Arkema S A
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Dongyue Group
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.5 The Chemours Company
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 Mexichem SAB de CV
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7 Sinochem Group
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.8 Linde Group
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.9 Air Liquide
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 SRF Limited
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives
8.11 Gujarat Fluorochemicals Limited
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Product Benchmarking
8.12 Asahi Glass Co, Ltd (AGC)
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Product Benchmarking
8.12.4 Strategic Initiatives
List of Tables TABLE 1 Key international regulations & their impact on the refrigerant industry TABLE 2 Fluorocarbon refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 3 Hydrocarbon refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 4 Inorganic refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 5 Refrigerant market estimates & forecast, in industrial refrigeration, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 6 Refrigerant market estimates & forecast, in domestic refrigeration, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 7 Refrigerant market estimates & forecast, in transport refrigeration, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 8 Refrigerant market estimates & forecast, in commercial refrigeration, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 9 Refrigerant market estimates & forecast, in stationary air conditioning, chillers & heat pumps, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 10 Refrigerant estimates & forecast, in mobile air conditioning, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 11 North America refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 12 North America refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 13 North America refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 14 North America refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 15 North America refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 16 U.S. refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 17 U.S. refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 18 U.S. refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 19 U.S. refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 20 U.S. refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 21 Canada refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 22 Canada refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 23 Canada refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 24 Canada refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 25 Canada refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 26 Mexico refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 27 Mexico refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 28 Mexico refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 29 Mexico refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 30 Mexico refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 31 Europe refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 32 Europe refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 33 Europe refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 34 Europe refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 35 Europe refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 36 Germany refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 37 Germany eco fiber market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 38 Germany refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 39 Germany refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 40 Germany refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 41 U.K. refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 42 U.K. refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 43 U.K. refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 44 U.K. refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 45 U.K. refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 46 France refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 47 France refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 48 France refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 49 France refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 50 France refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 51 Asia Pacific refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 52 Asia Pacific refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 53 Asia Pacific refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 54 Asia Pacific refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 55 Asia Pacific refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 56 China refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 57 China refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 58 China refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 59 China refirgerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 60 China refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 61 India refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 62 India refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 63 India refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 64 India refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 65 India refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 66 Japan e market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 67 Japan refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 68 Japan refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 69 Japan refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 70 Japan refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 71 CSA refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 72 CSA refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 73 CSA refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 74 CSA refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 75 CSA refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 76 Brazil refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 77 Brazil refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 78 Brazil refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 79 Brazil refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 80 Brazil refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 81 MEA refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 82 MEA refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 83 MEA refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 84 MEA refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 85 MEA refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 86 Saudi Arabia refrigerant market estimates & forecast, 2014 - 2025 (Kilo Tons) (USD Million) TABLE 87 Saudi Arabia refrigerant market volume, by product, 2014 - 2025 (Kilo Tons) TABLE 88 Saudi Arabia refrigerant market revenue, by product, 2014 - 2025 (USD Million) TABLE 89 Saudi Arabia refrigerant market volume, by application, 2014 - 2025 (Kilo Tons) TABLE 90 Saudi Arabia refrigerant market revenue, by application, 2014 - 2025 (USD Million) TABLE 91 Refrigerant company heat map analysis List of Figures FIG. 1 Refrigerant market segmentation FIG. 2 Refrigerant market volume & revenue, 2014 - 2025 (Kilo Tons) (USD Million) FIG. 3 Refrigerant value chain analysis FIG. 4 Refrigerant market dynamics FIG. 5 Refrigerant market driver impact FIG. 6 Global green building & sustainable construction revenue, 2012 to 2016 (USD Billion) FIG. 7 Percentage of firms with more than 60% of green construction projects by country, 2015 & 2015 FIG. 8 Refrigerant market restraint impact FIG. 9 Key opportunities prioritized FIG. 10 Refrigerant market - Porter's analysis FIG. 11 PESTEL analysis FIG. 12 Refrigerant market volume by product, 2016 & 2025 FIG. 13 Refrigerant market volume by application, 2016 & 2025 FIG. 14 Refrigerant market volume by region, 2016 & 2025 FIG. 15 Competitive environment FIG. 16 Strategy framework
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