Refrigerant Market Set to Register healthy CAGR During 2018-2023
Date: 2019-02-15   Author: Partha Ray  Category: #industry

Refrigerant Market Set to Register healthy CAGR During 2018-2023 add New Report Global Refrigerant Market to its research database. The report focuses on global major leading players with information such as company profiles, Growth, product segment, technology segment, end user segment and region.

Refrigerant is a substance or mixture, usually a fluid, used in a heat pump and refrigeration cycle. In most cycles it undergoes phase transitions from a liquid to a gas and back again.

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China is the major manufacturing and consumption market in the world. China is the largest consumption area of refrigerant. And its consumption share of refrigerant is responsible for 356.3 K MT in the world in 2015. The Europe, USA and Japan are other major consumption area. The Europe consumes 191.9 K MT and the number in the USA is 135.4 K MT in 2015. Consumption of refrigerant in Japan is smaller than the USA which is about 63 K MT in 2015.

Due to damage to the environment freon achilles heel, the EU implemented a policy of Air Condition without fluoride in early 2004. Many developed countries have also accelerated the R22 (commonly known as freon) phase-out the pace. The United States, Japan and Canada banned R22 in 2010 in new equipment. Currently, the international fluoride ban has become China's largest air-conditioning outlet green barriers, so as the world's "White Kingdom". Now, there are many replacements of R22, such as R410a, R404a and other and these refrigerants have little ozone depletion and are environment-friendly products. In 2013, Europe has begun to ban the R134a refrigerant in new automotive air conditioner and many automotive air conditioner manufacturers choose HFO 1234 yf to replace R134a. And EPA has approved of automotive air conditioner manufacturers using HFO1234yf in Automotive air conditioner.

With the development of eco-friendly refrigerant, we tend to believe that this industry still has a bright future. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.

Unveiling the Refrigerant market trends with regards to the regional frame of reference:

  • The research incorporates a highly comprehensive study of the geographical spectrum of this industry, analyzed extensively with regards to every parameter of the regions in question, spanning North America, Europe, Asia-Pacific, South America & Middle East and Africa.
  • Pivotal details with respect to the sales accrued by every region as well as the market share procured have been mentioned in the report.
  • The remuneration held by every region and the growth rate recorded over the forecast timeline have been provided as well.

Enumerating a few other key pointers mentioned in the Refrigerant market research study:

  • An inherent synopsis of the competitive hierarchy of the Refrigerant market that constitutes pivotal companies such as Chemours, Honeywell, Mexichem, Daikin, Arkema, Linde, Navin Fluorine International, GFL, Dongyue Group, Zhejiang Juhua, Meilan Chemical, Sanmei, 3F, Yuean Chemical, Ying Peng Chemical, Yonghe Refrigerant, Limin Chemicals and China Fluoro Technology, has been included in the study.
  • A basic finance overview of every manufacturer, product portfolio, and a generic description have been provided.
  • The study also encompasses the production base of the manufacturer, as well as the market share the company holds.
  • Additionally, the firm’s price patterns as well as gross margins have been enumerated.
  • The product spectrum of the Refrigerant market, constituting HCFC, HFC, HC and Other, has been mentioned in the report, along with the market share accrued by the product category in question.
  • The report also enumerates the sales procured by all the products and the valuation that they hold in the industry over the forecast period.
  • The application landscape of the Refrigerant market, comprising Air Condition, Automotive Air Conditioner, Refrigerator and Others, has been meticulously incorporated in the study report, as well as the market share accrued by each application.
  • The study is inclusive of the sales projection as well as the valuation that these applications will procure over the estimated duration.
  • Pivotal factors such as the market competition trends, market concentration rate, and more have been included in the study.
  • In-depth details with respect to the sales channels adopted by manufacturers in order to marketing the products in tandem with information regarding traders, dealers, and distributors that are a part of the Refrigerant market have been elucidated in the study.

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The report on the Refrigerant market, projected to chronicle itself among some of the topnotch business verticals, is also inclusive of sufficient information related to basic market dynamics – like the myriad risks prevailing in this business space, the driving forces impelling the industry landscape, and the opportunities in this sphere.

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About Author

Partha Ray

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.


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