Report overview
Refrigerants are generally in the fluid form and are used in a heat pump or refrigeration process. They primarily are of three types: Chlorofluorocarbons (CFC), Hydro chlorofluorocarbons (HCFC), and Hydro-fluorocarbons (HFC). All these types are believed to be hazardous to environment. HFCs are third generation of CFCs which do not deplete ozone layer, but are potentially greenhouse gases.
Hydrofluorocarbon (HFC), any of several organic compounds composed of hydrogen, fluorine, and carbon. HFCs are produced synthetically and are used primarily as refrigerants. They became widely used for this purpose beginning in the late 1980s, with the introduction of the Montreal Protocol, which phased out the use of chemicals such as halons and chlorofluorocarbons (CFCs) that contribute to the depletion of Earth?s ozone layer. However, while HFCs have an ozone depletion potential of zero, they are potent greenhouse gases, and thus their manufacture and use became increasingly regulated in the 21st century.
In general, HFCs are relatively nonflammable, chemically stable, and nonreactive. Many are colorless, odorless gases, but some?such as HFC-365mfc (1, 1, 1, 3, 3-pentafluorobutane)?are liquids at room temperature. As refrigerants, HFCs are used in a wide variety of cooling systems, from refrigerators and freezers to automotive air-conditioning units. HFCs are also used as blowing agents in the production of polymer foams; as firefighting agents (having replaced halons); as solvents in cleaning products for plastics and metals and in plasma etching for semiconductor technology; and as propellants in metered-dose inhalers prescribed for the treatment of asthma.
The most popular hydro-fluorocarbon (HFC) refrigerants for new commercial Air Conditioner systems include R-410A and R-137a.
This report aims to provide a comprehensive presentation of the global market for Hydrofluorocarbon (HFC) Refrigerant, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydrofluorocarbon (HFC) Refrigerant. This report contains market size and forecasts of Hydrofluorocarbon (HFC) Refrigerant in global, including the following market information:
Global Hydrofluorocarbon (HFC) Refrigerant Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Hydrofluorocarbon (HFC) Refrigerant Market Sales, 2018-2023, 2024-2029, (Tons)
Global top five Hydrofluorocarbon (HFC) Refrigerant companies in 2022 (%)
The global Hydrofluorocarbon (HFC) Refrigerant market was valued at US$ 3717.5 million in 2022 and is projected to reach US$ 4561.7 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global major players of HFC refrigerant are Chemours, Arkema, Daikin.The top 5 companies hold a share about 50%.China is the largest market, with a share about 30%, followed by North America and Europe with the share about 27% and 20%.In terms of product, R-134a is the largest segment, with a share about 38%. And in terms of application, the largest application is air conditioner, followed by automotive air conditioner.
We surveyed the Hydrofluorocarbon (HFC) Refrigerant manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hydrofluorocarbon (HFC) Refrigerant Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Hydrofluorocarbon (HFC) Refrigerant Market Segment Percentages, by Type, 2022 (%)
R-32 Refrigerant
R-134a Refrigerant
R-410A Refrigerant
R-125 Refrigerant
Other
Global Hydrofluorocarbon (HFC) Refrigerant Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Hydrofluorocarbon (HFC) Refrigerant Market Segment Percentages, by Application, 2022 (%)
Residential
Commercial
Industrial
Global Hydrofluorocarbon (HFC) Refrigerant Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Hydrofluorocarbon (HFC) Refrigerant Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hydrofluorocarbon (HFC) Refrigerant revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Hydrofluorocarbon (HFC) Refrigerant revenues share in global market, 2022 (%)
Key companies Hydrofluorocarbon (HFC) Refrigerant sales in global market, 2018-2023 (Estimated), (Tons)
Key companies Hydrofluorocarbon (HFC) Refrigerant sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Orbia
Zhejiang Juhua
Chemours
Arkema
Zhejiang Sanmei Chemical
Daikin
Honeywell
Dongyue Group
Sinochem Group
Jiangsu Meilan Chemical
Linde
Gas Servei
Outline of Major Chapters:
Chapter 1: Introduces the definition of Hydrofluorocarbon (HFC) Refrigerant, market overview.
Chapter 2: Global Hydrofluorocarbon (HFC) Refrigerant market size in revenue and volume.
Chapter 3: Detailed analysis of Hydrofluorocarbon (HFC) Refrigerant manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Hydrofluorocarbon (HFC) Refrigerant in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Hydrofluorocarbon (HFC) Refrigerant capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
