Refrigerant is a substance used in refrigeration equipments. Over the period the use of Halons such as CFC and HCFC has become obsolete due to their adverse effects on environment. This has lead to emergence of newer refrigerant products. The major global suppliers have responded towards this market trend with a move to provide wide range of alternative refrigerants. The most common alternative refrigerants are R-404A, R-407C, R-410A etc. The demand for natural or green refrigerants has been increasing.
Consumer products and durables, food industry as well as the automobile market are large and ever-growing. These need refrigerants and thus are the major thrust and the driving factor to the refrigerant market. The demand for cooling equipments in APAC, especially China and India has seen steady growth over years. As long as the automobile and consumer durable market remains growing, there would be demand for coolants and thus the refrigerant market is expected to grow at good pace over years.
The government regulations regarding the use of Halons is one of the major constraints to refrigerants as these degrade the nature and thus governments have been banning the use of these. Thus a better choice to invest in refrigerant market would be green or alternative refrigerants which really are going to define the future in this field.
Daikin Industries Ltd (Japan), Honeywell International (U.S.), Arkema SA (France), Mexichem Fluor S.A. de C.V (Mexico)., E.I. du Pont de Nemours & Co (U.S.), Solvay SA. ( Belgium), Dongyue Group.(China), Navin Fluorine International Ltd, Gujarat Fluorochemicals Ltd and SRF Ltd (India) are key players in this field.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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