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The Refrigerants Market during the forecast period

The refrigerants market size is estimated to be USD 22.9 billion in 2018 and is projected reach USD 31.0 billion by 2023, at a CAGR of 6.2% between 2018 and 2023.<br>https://www.marketsandmarkets.com/Market-Reports/refrigerant-market-1082.html#utm_source=SB<br>

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The Refrigerants Market during the forecast period

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  1. Refrigerants Market by Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, Air, Water, Propene, Isopentane), Application (Domestic, Commercial, Industrial, Chillers, Split AC, VRF, Window, MAC), and Region - Global Forecast to 2023 Speak To Analyst

  2. The refrigerants market is projected to reach USD 31.0 billion by 2023, at a CAGR of 6.2% from USD 22.9 billion in 2018. Split ACs is the largest application segment in the refrigerants market. APAC was the largest market for refrigerants in split ACs application in 2018, in terms of both volume and value. Factors such as rapid urbanization, increasing spending income, and rising standard of living are expected to drive the demand for split ACs during the forecast period. REQUEST FREE SAMPLE REPORT !

  3. The ammonia segment accounts for the largest share of the overall market. On the basis of type, the refrigerants market has been segmented into HCFCs, HFCs, HFOs, isobutane, propane, ammonia, carbon dioxide, and others. Ammonia refrigerants are gaining popularity in APAC mainly due to lower carbon dioxide emissions. Factors such as the emergence of China as the global leader in the grocery market and the emergence of India and Indonesia as the fastest-growing grocery markets are increasing the demand for ammonia refrigerants in the region.   REQUEST BUNDLE REPORTS

  4. 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), SinochemLantian Co. Ltd. (China), Daikin Industries (Japan), Mexichem (Mexico), and Asahi Glass Corporation (Japan).

  5. Recent Developments • In May 2018, Arkema SA (France) developed Forane 449A, with low GWP levels and compatible with systems using R404A/507A. • In February 2017, The Chemours Company invested USD 230 million to open a new production facility in Texas, US. The site is expected to triple the capacity of Opteon products. • In October 2016, The Chemours Company (US) expanded its product portfolio by the launch of a new product line under the Opteon XL series. The refrigerants will have applications in refrigeration and air-conditioning systems. • In November 2015, The Chemours Company along with Changsu 3F Zhanghao opened a full-scale production facility in Changsu, China. The plant will manufacture HFO–1336 mzz, which have very low GWP ratings. Download PDF Brochure

  6. Key questions addressed by the report • What are the major developments impacting the market? • Where will all these developments take the industry in the mid to long term? • What are the upcoming types of refrigerants? • How will the phasing out of HCFCs and HFCs affect the industry? • What are the emerging end-use industries for refrigerants? • What are the major factors that will impact market growth during the forecast period? GET 10% FREE CUSTOMIZATION ON THIS REPORT !!!

  7. Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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