1. Market Research
  2. > Electronics
  3. > Industrial Electronics Market Trends
Refrigerants Market by Type, Application And Region - Global Forecast to 2023

Refrigerants Market by Type, Application And Region - Global Forecast to 2023

  • February 2019
  • 150 pages
  • ID: 4930598
  • Format: PDF


Table of Contents

Search Inside

Rising demand from applications of refrigerants is expected to drive the market.
The refrigerants market size is estimated to be USD 22.9 billion in 2018 and is projected to reach USD 31.0 billion by 2023, at a CAGR of 6.2% between 2018 and 2023. Factors such as increasing demand for consumer appliances and growing cold chain market will drive the refrigerants market. The major restraint for the market will be the regulations imposed against usage of fluorocarbons such as HCFCs and HFCs in North America and Europe. However, the increasing demand for natural refrigerants will act as an opportunity for the market.

Carbon dioxide is expected to be the fastest-growing type segment in the refrigerants market.
Carbon dioxide is used as a refrigerant in various applications such as supermarket/hypermarket, transport, industrial, and chillers.Its thermos-physical properties such as good heat transfer coefficient, negligible pressure loss, and low viscosity make it a potential refrigerant for these applications.

Carbon dioxide is estimated to be the fastest-growing refrigerant during the forecast period.Inorganic refrigerants such as carbon dioxide are mostly used in supermarket/hypermarket and pharmaceutical & food industry.

Factors such as the growing organized retail sector and increasing infrastructure spending on supermarket with large sales areas are driving the demand for carbon dioxide in the region.

The split ACs application is projected to account for the largest share, in terms of volume and value, of the overall refrigerants market between 2018 and 2023.
Split ACs is estimated to be the largest application segment in 2018 and is expected to continue its dominance throughout the forecast period.Refrigerants have a high demand in the split ACs application in APAC.

This is due to the surge in building & construction end-use industry, high economic growth rate, and an increasing standard of living and disposable income. Economic & demographic growth, increasing residential building activities, growing urbanization, and housing construction expenditure are the important drivers of the refrigerants market in the split ACs application.

APAC is expected to be the fastest-growing refrigerants market during the forecast period, in terms of volume.
APAC is the fastest-growing refrigerants market.The rising disposable income of consumers along with the changing lifestyle plays a significant role in boosting the refrigerants market.

The market growth of refrigerants in the region is mainly attributed to China – the largest refrigerants market globally.Large consumer markets and lower cost of production in India and China are driving the region’s refrigerants market.

Moreover, rapid urbanization, demand for domestic consumer appliances, and the reviving infrastructure industry in countries such as Thailand and Indonesia are expected to support the growth of the refrigerants market in Southeast Asia during the forecast period.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
• By Designation: C-Level - 46%, Director Level - 25%, and Others - 29%
• By Region: North America - 27%, Europe - 27%, APAC - 33%, South America - 7%, and Middle East & Africa - 6%,

The key market players profiled in the report include Arkema S.A. (France), Dongyue Group Co. Ltd. (China), Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Ireland), Air Liquide (France), Sinochem Lantian Co. Ltd. (China), Daikin Industries (Japan), Mexichem (Mexico), and Asahi Glass Corporation (Japan).

Research Coverage
This report segments the market for refrigerants on the basis of type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for refrigerants.

Key Benefits of Buying the Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the refrigerants market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on refrigerants offered by top players in the global refrigerants market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the refrigerants market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for refrigerants across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global refrigerants market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the refrigerants market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Low GWP Refrigerants Market by Type, Application And Region - Global Forecast to 2023

Low GWP Refrigerants Market by Type, Application And Region - Global Forecast to 2023

  • $ 5650
  • January 2019

The low GWP refrigerants market is projected to grow at a CAGR of 11.7% from 2018 to 2023The low GWP refrigerants market is projected to reach USD 28.7 billion by 2023 from USD 16.5 billion in 2018, at ...

Global Air Purifier Market (2018-2023)

Global Air Purifier Market (2018-2023)

  • $ 2950
  • April 2019

Increasing concerns regarding poor indoor air quality (IAQ), and growing ailments associated with air pollution are responsible for driving the demand of air purification systems. The global air purifie ...

Split Air Conditioning Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Split Air Conditioning Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • $ 5795
  • March 2019

Global Split Air Conditioning Systems Market: OverviewThis report on the global split air conditioning systems market provides analysis for the period 2016–2026, wherein 2017 is the base year and 2018 ...


Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on