Refrigerants Global Market Report 2022A $30+ Billion Market in 2026 – Forecast to 2031 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Refrigerants Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.

Major players in the refrigerants market are Arkema SA, Dongyue Group Co Ltd, Honeywell International Inc, The Chemours Company, Daikin Industries, Gujarat Fluorochemicals Limited, and Navin Fluorine International Ltd.

The global refrigerants market is expected to grow from $20.4 billion in 2021 to $22.71 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The market is expected to grow to $30.15 billion in 2026 at a CAGR of 7.3%.

The refrigerants market consists of sales of refrigerants by entities (organizations, sole traders, and partnerships) that can be used as primary working fluids in absorption refrigeration systems or as secondary fluids to transmit thermal energy from one medium to the other. A refrigerant is a chemical blend of fluids that serves as a cooling agent in heat pumps and refrigeration cycles. It operates on the concept of phase transition, which converts liquid to gas and vice versa at varying temperatures.

The main types of refrigerants are halocarbons, azeotropic, zeotropic, inorganic refrigerants, hydrocarbons, and other types. Halocarbons are organic compounds with several or all hydrogen atoms replaced with halogen atoms, usually fluorine or chlorine. It is used in air conditioners, refrigerators, chillers, heat pumps, electronics devices, and others. The various end-users are commercial, industrial, domestic, other end users.

The Asia Pacific was the largest region in the refrigerants market in 2021. The regions covered in the refrigerants report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The rising demand for air conditioning is expected to drive the growth of the refrigerants market in the coming years. The increasing temperature globally increased the demand for cooling systems. According to the World Meteorological Organization (WMO), in 2020, the average temperature across the globe was 1.2C higher than the above pre-industrial era (1880) temperatures.

This drives the demand for air conditioning, hence refrigerants. A refrigerant is a chemical compound that is found in air conditioners. It absorbs heat from the surroundings and releases cool air after passing through air conditioners and evaporators. For instance, according to the International Energy Agency (IEA) estimates, by 2050 around two-thirds of the world’s households will have an air conditioner.

Developing economies such as India, China, and Indonesia together will account for half of the total number of air conditioners. Therefore, the increasing temperature globally increasing demand for air conditioning is expected to propel the market for refrigerants market.

The growing technological advancements are shaping the refrigerants market. Major Players operating in the refrigerants sector are focused on developing technological solutions for refrigerants to strengthen their position.

Key Topics Covered:

1. Executive Summary

2. Refrigerants Market Characteristics

3. Refrigerants Market Trends And Strategies

4. Impact Of COVID-19 On Refrigerants

5. Refrigerants Market Size And Growth

5.1. Global Refrigerants Historic Market, 2016-2021, $ Billion

5.1.1. Drivers Of The Market

5.1.2. Restraints On The Market

5.2. Global Refrigerants Forecast Market, 2021-2026F, 2031F, $ Billion

5.2.1. Drivers Of The Market

5.2.2. Restraints On the Market

6. Refrigerants Market Segmentation

6.1. Global Refrigerants Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Halocarbons
• Azeotropic
• Zeotropic
• Inorganic Refrigerants
• Hydrocarbons
• Other Types

6.2. Global Refrigerants Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Air Conditioners
• Refrigerators
• Chillers
• Heat Pumps
• Electronics Devices
• Other Applications

6.3. Global Refrigerants Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Commercial
• Industrial
• Domestic
• Other End Users

7. Refrigerants Market Regional And Country Analysis

7.1. Global Refrigerants Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

7.2. Global Refrigerants Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Companies Mentioned

• Arkema SA
• Dongyue Group Co. Ltd.
• Honeywell International Inc.
• The Chemours Company
• Daikin Industries
• Gujarat Fluorochemicals Limited
• Navin Fluorine International Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/gh1611

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