冷媒市場 : 2028年までの世界予測

 

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2023年7月

冷媒市場 : タイプ (HFC &ブレンド、HFO、イソブタン、プロパン、アンモニア、二酸化炭素)、用途 (冷凍システム、空調システム、チラー、MAC)、地域 (アジア太平洋、北米、ヨーロッパ、MEA) – 2028年までの世界予測
Refrigerants Market by Type (HFC & Blends, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide), Application (Refrigeration System, Air Conditioning System, Chillers, and MAC), and Region(Asia Pacific , North America, Europe, MEA)- Global Forecast to 2028

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In terms of value, the refrigerants market is estimated to grow from USD 6.3 billion in 2022 to USD 9.0 billion by 2028, at a CAGR of 6.4%. The major factors contributing to the growth of the global refrigerants market are the increasing demand for consumer appliances, especially in Asia Pacific, and the growing pharmaceutical industry. The burgeoning disposable income, rising standard of living, and increasing manufacturing facilities of consumer appliances contribute to the market growth in the region. Factors restraining the growth of the refrigerants market are the increasing regulations against fluorine-containing refrigerants due to health and safety concerns.

冷媒市場 : 2028年までの世界予測

The growing use of natural refrigerants is expected to act as an opportunity for stakeholders to grow in the refrigerants market. Natural refrigerants are likely to be in high demand in the coming years, driven by the multiplying demand from domestic, industrial, and chiller applications.

冷媒市場

“Isobutane is expected to be the second fastest-growing type of the refrigerants market, in terms of value, during the forecast period.”
Isobutane (R-600a) is a natural refrigerant used in various refrigeration applications. It is an excellent substitute for hazardous refrigerants, including R12, R13a, R22, HCF, and CFC. R-600a is a naturally occurring component in gasoline. Due to its remarkable thermodynamic performance and minimal environmental effect, isobutane R-600a has attracted significant interest recently. It is a non-toxic chemical with zero ODP and a modest potential for global warming. Due to its eco-friendly property, R-600a has become a refrigerant gas of choice in small commercial refrigerants and domestic refrigerants.

冷媒市場 ecosystem
“MAC is expected to be the fastest-growing application of the refrigerants market, in terms of value, during the forecast period.”
MAC includes air conditioning in vehicles such as cars, trucks, and buses. The commonly used refrigerant in Mobile Air Conditionings is HFC134A. Another refrigerant R-1234yf is an alternative to the R-134A refrigerant used in mac. However, some European automobile manufacturers have raised the flammability issue using R–1234yf. Apart from fluorocarbon refrigerants, HC refrigerants are also used in MAC Refrigerants such as HFC-1234yf, HCs, and carbon dioxide have GWPs below 150 and have more potential to achieve fuel efficiency as compared to the existing R–134A systems. Currently, there is no regulation for using fluorinated refrigerant gases for MAC in buses and trains.

冷媒市場 region“Asia Pacific is projected to be the fastest growing region, in terms of value, during the forecast period in the Refrigerants market.”
In terms of value, Asia Pacific dominates the global refrigerants market, with China being the largest consumer of refrigerants globally. Increased investments and a rise in the number of new manufacturing establishments make Asia Pacific a prime market for refrigerants. Increasing government projects and infrastructure development are expected to drive the demand for refrigerants in applications such as chillers, refrigerators, and freezers. Additionally, the increasing economic growth, followed by substantial investment in the consumer appliances industry, will boost the demand for refrigerants in the region. The growing population, along with industry alliances, is also expected to propel market growth in the region.
• By Company Type: Tier 1 – 69%, Tier 2 – 23%, and Tier 3 – 8%
• By Designation: C-Level – 23%, Director Level – 37%, and Others – 40%
• By Region: North America – 32%, Europe – 21%, Asia Pacific – 28%, Middle East & Africa – 12%, South America – 7%

冷媒市場 size

The key players in this market include Arkema S.A. (France), Daikin Industries Ltd. (Japan), Honeywell International Inc. (US), The Chemours Company (US), The Linde Group (Ireland), and Air Liquide (France) among others.

冷媒市場 scope

Research Coverage
This report segments the market for refrigerants based on type, application, and region and provides estimations of value (USD million) and volume (Kiloton) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, key strategies, associated with the market for refrigerants.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the refrigerants market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on refrigerants offered by top players in the global market

• Analysis of key drives: (growth in automotive sector, demand from medical application, and growing healthcare expenditure and favorable reimbursement scenario), restraints (high initial and maintenance cost of machine), opportunities (rising trend of electric vehicles), and challenges (skilled personnel for operations) influencing the growth of refrigerants market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the refrigerants market

• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for refrigerants across regions

• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global refrigerants market

• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the refrigerants market


目次

1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.2.2 MARKET DEFINITION AND INCLUSIONS, BY TYPE 26
1.2.3 MARKET DEFINITION AND INCLUSIONS, BY APPLICATION 27
1.3 STUDY SCOPE 27
FIGURE 1 REFRIGERANTS MARKET SEGMENTATION 27
1.4 REGIONS COVERED 28
1.5 YEARS CONSIDERED 28
1.6 CURRENCY CONSIDERED 29
1.7 UNITS CONSIDERED 29
1.8 STAKEHOLDERS 29
1.9 SUMMARY OF CHANGES 29
1.9.1 RECESSION IMPACT 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 REFRIGERANTS MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 31
2.1.2 PRIMARY DATA 32
2.1.2.1 Key primary interview participants 32
2.1.2.2 Key industry insights 32
2.1.2.3 Breakdown of primary interviews 33
2.2 MARKET SIZE ESTIMATION 33
2.2.1 BOTTOM-UP APPROACH 33
FIGURE 3 MARKET SIZE ESTIMATION – APPROACH 1 (SUPPLY SIDE): COMBINED MARKET SHARE OF MAJOR PLAYERS 34
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL SERVICES 34
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM UP (DEMAND SIDE): PRODUCTS SOLD AND THEIR AVERAGE SELLING PRICE 35
2.3 DATA TRIANGULATION 35
FIGURE 6 REFRIGERANTS MARKET: DATA TRIANGULATION 36
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 37
2.4.1 SUPPLY SIDE 37
FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE 37
2.4.2 DEMAND SIDE 37
FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 38
2.5 FACTORS ANALYSIS 38
2.6 RECESSION IMPACT 39
2.7 ASSUMPTIONS 39
2.8 LIMITATIONS 40
2.9 RISK ASSESSMENT 40
TABLE 1 REFRIGERANTS MARKET: RISK ASSESSMENT 40
3 EXECUTIVE SUMMARY 41
FIGURE 9 HFC & BLENDS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF REFRIGERANTS MARKET IN 2022 42
FIGURE 10 REFRIGERATION SYSTEM SEGMENT TO LEAD REFRIGERANTS MARKET BETWEEN 2023 AND 2028 42
FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF REFRIGERANTS MARKET IN 2022 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN REFRIGERANTS MARKET 44
FIGURE 12 INCREASING APPLICATION AREAS OFFER GROWTH OPPORTUNITIES FOR REFRIGERANTS MARKET 44
4.2 REFRIGERANTS MARKET, BY REGION 44
FIGURE 13 ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 44
4.3 ASIA PACIFIC: REFRIGERANTS MARKET, BY COUNTRY AND APPLICATION 45
FIGURE 14 HFC & BLENDS AND CHINA ACCOUNTED FOR LARGEST MARKET SHARE OF ASIA PACIFIC REFRIGERANTS MARKET IN 2022 45
4.4 REFRIGERANTS MARKET, BY APPLICATION AND REGION 45
FIGURE 15 REFRIGERATION SYSTEM SEGMENT LED REFRIGERANTS MARKET 45
4.5 REFRIGERANTS MARKET, BY KEY COUNTRY 46
FIGURE 16 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN REFRIGERANTS MARKET 47
5.2.1 DRIVERS 48
5.2.1.1 Increasing demand for consumer appliances 48
5.2.1.2 Growing pharmaceutical industry 48
5.2.2 RESTRAINTS 48
5.2.2.1 Stringent regulations against fluorocarbon refrigerants 48
TABLE 2 SCHEDULE FOR HCFC ELIMINATION: NON-ARTICLE 5 PARTIES 49
TABLE 3 SCHEDULE FOR HCFC ELIMINATION: ARTICLE 5 PARTIES 49
TABLE 4 SCHEDULE FOR HFC ELIMINATION 49
5.2.2.2 Flammability and toxicity issues 50
TABLE 5 PROPERTIES OF MOST COMMONLY USED REFRIGERANTS 50
5.2.3 OPPORTUNITIES 50
5.2.3.1 Increasing demand for natural refrigerants 50
TABLE 6 FACTORS DEFINING GROWTH OF NATURAL REFRIGERANTS 50
TABLE 7 REFRIGERANTS WITH LOW GWP AND ZERO ODP 51
5.2.4 CHALLENGES 51
5.2.4.1 Illegal trade of refrigerants 51
5.3 PORTER’S FIVE FORCES 52
FIGURE 18 REFRIGERANTS MARKET: PORTER’S FIVE FORCES ANALYSIS 52
5.3.1 THREAT OF NEW ENTRANTS 53
5.3.2 THREAT OF SUBSTITUTES 53
5.3.3 BARGAINING POWER OF SUPPLIERS 53
5.3.4 BARGAINING POWER OF BUYERS 53
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 54
TABLE 8 REFRIGERANTS MARKET: PORTER’S FIVE FORCES ANALYSIS 54
5.4 MACROECONOMIC INDICATORS 54
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES 55
TABLE 9 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2020–2027 (USD BILLION) 55
6 INDUSTRY TRENDS 56
6.1 SUPPLY CHAIN ANALYSIS 56
FIGURE 19 REFRIGERANTS MARKET: SUPPLY CHAIN 56
6.1.1 RAW MATERIAL 56
6.1.2 MANUFACTURERS 56
6.1.3 DISTRIBUTION NETWORK 57
6.1.4 END USER (REFRIGERATION EQUIPMENT) 57
6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 57
6.2.1 REVENUE SHIFTS & REVENUE POCKETS FOR REFRIGERANTS MARKET 57
FIGURE 20 REVENUE SHIFT FOR REFRIGERANTS MARKET 57
6.3 CONNECTED MARKETS: ECOSYSTEM 58
TABLE 10 REFRIGERANTS MARKET: ECOSYSTEM 58
FIGURE 21 REFRIGERANTS MARKET: ECOSYSTEM 59
6.4 TECHNOLOGY ANALYSIS 60
6.4.1 NOT-IN-KIND COOLING TECHNOLOGY 60
TABLE 11 OBJECTIVES OF NOT-IN-KIND COOLING TECHNOLOGY 60
6.4.2 MAGNETIC REFRIGERATION 60
6.5 KEY STAKEHOLDERS & BUYING CRITERIA 61
6.5.1 KEY STAKEHOLDERS IN BUYING PROCESS 61
FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS 61
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%) 61
6.5.2 BUYING CRITERIA 61
FIGURE 23 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 62
TABLE 13 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 62
6.6 PRICING ANALYSIS 63
6.6.1 AVERAGE SELLING PRICES OF APPLICATION, BY KEY PLAYER 63
FIGURE 24 AVERAGE SELLING PRICE OF TOP 3 APPLICATIONS FOR KEY PLAYERS 63
TABLE 14 AVERAGE SELLING PRICE FOR TOP 3 APPLICATIONS (USD)/KG, BY KEY PLAYER 63
6.6.2 AVERAGE SELLING PRICE, BY REGION 64
FIGURE 25 AVERAGE SELLING PRICE OF REFRIGERANTS, BY REGION (USD/KG) 64
TABLE 15 AVERAGE SELLING PRICE OF REFRIGERANTS, BY REGION (USD/KG) 64
6.7 CASE STUDY ANALYSIS 65
6.7.1 CASE STUDY ON HONEYWELL INTERNATIONAL INC. 65
6.7.2 CASE STUDY ON REFRIGERANT MANAGEMENT SOLUTIONS LEADING SUPERMARKET DECARBONISE OPERATIONS 65
6.8 TRADE DATA STATISTICS 66
6.8.1 IMPORT SCENARIO OF REFRIGERANTS 66
FIGURE 26 IMPORT OF REFRIGERANTS, BY KEY COUNTRIES (2013–2022) 66
TABLE 16 IMPORT OF REFRIGERANTS, BY REGION, 2013–2022 (USD MILLION) 66
6.8.2 EXPORT SCENARIO OF REFRIGERANTS 67
FIGURE 27 EXPORT OF REFRIGERANTS, BY KEY COUNTRIES (2013–2022) 67
TABLE 17 EXPORT OF REFRIGERANTS, BY REGION, 2013–2022 (USD MILLION) 67
6.9 REGULATORY LANDSCAPE 68
6.9.1 REGULATIONS RELATED TO REFRIGERANTS 68
6.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES & OTHER ORGANIZATIONS 70
6.9.3 THE MONTREAL PROTOCOL 70
6.9.4 THE KIGALI AMENDMENT 71
6.10 KEY CONFERENCES & EVENTS IN 2023–2024 71
TABLE 18 REFRIGERANTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023–2024 71
6.11 PATENT ANALYSIS 72
6.11.1 APPROACH 72
6.11.2 DOCUMENT TYPE 73
TABLE 19 GRANTED PATENTS ACCOUNT FOR 24% OF ALL PATENTS IN LAST 11 YEARS 73
FIGURE 28 PATENTS REGISTERED FOR REFRIGERANTS MARKET, 2012–2022 73
FIGURE 29 PATENT PUBLICATION TRENDS FOR REFRIGERANTS MARKET, 2012–2022 73
FIGURE 30 LEGAL STATUS OF PATENTS 74
6.11.3 JURISDICTION ANALYSIS 74
FIGURE 31 MAXIMUM PATENTS WERE FILED BY COMPANIES IN US 74
6.11.4 TOP APPLICANTS 75
FIGURE 32 LG ELECTRONICS INC. COMPANY REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2011 AND 2022 75
TABLE 20 PATENTS BY DAIKIN INDUSTRIES LTD. 75
TABLE 21 PATENTS BY CARRIER GLOBAL CORPORATION 76
TABLE 22 PATENTS BY HONEYWELL INTERNATIONAL INC. 77
TABLE 23 TOP 10 PATENT OWNERS IN US, 2012–2022 78
7 REFRIGERANTS MARKET, BY TYPE 79
7.1 INTRODUCTION 80
FIGURE 33 HFC & BLENDS TO DOMINATE REFRIGERANTS MARKET DURING FORECAST PERIOD 80
TABLE 24 REFRIGERANTS MARKET, BY TYPE, 2016–2021 (KILOTON) 81
TABLE 25 REFRIGERANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 81
TABLE 26 REFRIGERANTS MARKET, BY TYPE, 2016–2021 (USD MILLION) 82
TABLE 27 REFRIGERANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 82
7.2 HFC & BLENDS 82
7.2.1 POPULAR ALTERNATIVE TO HCFC TO DRIVE MARKET 82
TABLE 28 HFC & BLENDS: APPLICATIONS AND GWP 83
TABLE 29 HFC & BLENDS: REFRIGERANTS MARKET, BY REGION, 2016–2021 (KILOTON) 83
TABLE 30 HFC & BLENDS: REFRIGERANTS MARKET, BY REGION, 2022–2028 (KILOTON) 83
TABLE 31 HFC & BLENDS: REFRIGERANTS MARKET, BY REGION, 2016–2021 (USD MILLION) 84
TABLE 32 HFC & BLENDS: REFRIGERANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 84
7.3 HFO 84
7.3.1 CONSUMER AWARENESS OF SUSTAINABLE REFRIGERANTS TO DRIVE MARKET 84
TABLE 33 HFO: APPLICATIONS AND GWP 85
TABLE 34 HFO: REFRIGERANTS MARKET, BY REGION, 2016–2021 (KILOTON) 85
TABLE 35 HFO: REFRIGERANTS MARKET, BY REGION, 2022–2028 (KILOTON) 85
TABLE 36 HFO: REFRIGERANTS MARKET, BY REGION, 2016–2021 (USD MILLION) 86
TABLE 37 HFO: REFRIGERANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 86
7.4 ISOBUTANE 86
7.4.1 LOW GWP OF REFRIGERANTS TO INFLUENCE GROWTH 86
TABLE 38 ISOBUTANE: APPLICATIONS AND GWP 86
TABLE 39 ISOBUTANE: REFRIGERANTS MARKET, BY REGION, 2016–2021 (KILOTON) 87
TABLE 40 ISOBUTANE: REFRIGERANTS MARKET, BY REGION, 2022–2028 (KILOTON) 87
TABLE 41 ISOBUTANE: REFRIGERANTS MARKET, BY REGION, 2016–2021 (USD MILLION) 87
TABLE 42 ISOBUTANE: REFRIGERANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 88

7.5 PROPANE 88
7.5.1 PRESENCE OF APPLIANCE MANUFACTURERS TO INCREASE DEMAND IN ASIA PACIFIC 88
TABLE 43 PROPANE: APPLICATIONS AND GWP 88
TABLE 44 PROPANE: REFRIGERANTS MARKET, BY REGION, 2016–2021 (KILOTON) 88
TABLE 45 PROPANE: REFRIGERANTS MARKET, BY REGION, 2022–2028 (KILOTON) 89
TABLE 46 PROPANE: REFRIGERANTS MARKET, BY REGION, 2016–2021 (USD MILLION) 89
TABLE 47 PROPANE: REFRIGERANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 89
7.6 AMMONIA 90
7.6.1 GROWING ENVIRONMENTAL CONCERNS TO DRIVE DEMAND 90
TABLE 48 AMMONIA: APPLICATIONS AND GWP 90
TABLE 49 AMMONIA: REFRIGERANTS MARKET, BY REGION, 2016–2021 (KILOTON) 90
TABLE 50 AMMONIA: REFRIGERANTS MARKET, BY REGION, 2022–2028 (KILOTON) 90
TABLE 51 AMMONIA: REFRIGERANTS MARKET, BY REGION, 2016–2021 (USD MILLION) 91
TABLE 52 AMMONIA: REFRIGERANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 91
7.7 CARBON DIOXIDE 91
7.7.1 SUPERMARKETS AND FOOD & PROCESSING INDUSTRY TO DRIVE MARKET 91
TABLE 53 CARBON DIOXIDE: APPLICATIONS AND GWP 92
TABLE 54 CARBON DIOXIDE: REFRIGERANTS MARKET, BY REGION, 2016–2021 (KILOTON) 92
TABLE 55 CARBON DIOXIDE: REFRIGERANTS MARKET, BY REGION, 2022–2028 (KILOTON) 92
TABLE 56 CARBON DIOXIDE: REFRIGERANTS MARKET, BY REGION, 2016–2021 (USD MILLION) 93
TABLE 57 CARBON DIOXIDE: REFRIGERANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 93
7.8 OTHERS 93
TABLE 58 OTHERS: REFRIGERANTS MARKET, BY REGION, 2016–2021 (KILOTON) 93
TABLE 59 OTHERS: REFRIGERANTS MARKET, BY REGION, 2022–2028 (KILOTON) 94
TABLE 60 OTHERS: REFRIGERANTS MARKET, BY REGION, 2016–2021 (USD MILLION) 94
TABLE 61 OTHERS: REFRIGERANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 94
8 REFRIGERANTS MARKET, BY APPLICATION 95
8.1 INTRODUCTION 96
FIGURE 34 REFRIGERATION SYSTEMS TO LEAD REFRIGERANTS MARKET DURING FORECAST PERIOD 96
TABLE 62 REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 96
TABLE 63 REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 97
TABLE 64 REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 97
TABLE 65 REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 98
8.2 REFRIGERATION SYSTEM 98
TABLE 66 REFRIGERANTS MARKET IN REFRIGERATION SYSTEM, BY REGION, 2016–2021 (KILOTON) 98
TABLE 67 REFRIGERANTS MARKET IN REFRIGERATION SYSTEM, BY REGION, 2022–2028 (KILOTON) 99
TABLE 68 REFRIGERANTS MARKET IN REFRIGERATION SYSTEM, BY REGION, 2016–2021 (USD MILLION) 99
TABLE 69 REFRIGERANTS MARKET IN REFRIGERATION SYSTEM, BY REGION, 2022–2028 (USD MILLION) 99
8.2.1 DOMESTIC REFRIGERATION 100
8.2.1.1 Large population to drive market 100
TABLE 70 REFRIGERANTS MARKET IN DOMESTIC REFRIGERATION, BY REGION, 2016–2021 (KILOTON) 100
TABLE 71 REFRIGERANTS MARKET IN DOMESTIC REFRIGERATION, BY REGION, 2022–2028 (KILOTON) 100
TABLE 72 REFRIGERANTS MARKET IN DOMESTIC REFRIGERATION, BY REGION, 2016–2021 (USD MILLION) 101
TABLE 73 REFRIGERANTS MARKET IN DOMESTIC REFRIGERATION, BY REGION, 2022–2028 (USD MILLION) 101
8.2.2 COMMERCIAL REFRIGERATION 101
8.2.2.1 Growing retail industry in Asia Pacific to drive demand 101
TABLE 74 REFRIGERANTS MARKET IN COMMERCIAL REFRIGERATION, BY REGION, 2016–2021 (KILOTON) 102
TABLE 75 REFRIGERANTS MARKET IN COMMERCIAL REFRIGERATION, BY REGION, 2022–2028 (KILOTON) 102
TABLE 76 REFRIGERANTS MARKET IN COMMERCIAL REFRIGERATION, BY REGION, 2016–2021 (USD MILLION) 102
TABLE 77 REFRIGERANTS MARKET IN COMMERCIAL REFRIGERATION, BY REGION, 2022–2028 (USD MILLION) 103
8.2.3 INDUSTRIAL REFRIGERATION 103
8.2.3.1 Large industrial base of Asia Pacific to drive demand 103
TABLE 78 REFRIGERANTS MARKET IN INDUSTRIAL REFRIGERATION, BY REGION, 2016–2021 (KILOTON) 103
TABLE 79 REFRIGERANTS MARKET IN INDUSTRIAL REFRIGERATION, BY REGION, 2022–2028 (KILOTON) 104
TABLE 80 REFRIGERANTS MARKET IN INDUSTRIAL REFRIGERATION, BY REGION, 2016–2021 (USD MILLION) 104
TABLE 81 REFRIGERANTS MARKET IN INDUSTRIAL REFRIGERATION, BY REGION, 2022–2028 (USD MILLION) 104
8.3 CHILLERS 105
8.3.1 GROWING INDUSTRIALIZATION TO DRIVE MARKET 105
TABLE 82 REFRIGERANTS MARKET IN CHILLERS, BY REGION, 2016–2021 (KILOTON) 105
TABLE 83 REFRIGERANTS MARKET IN CHILLERS, BY REGION, 2022–2028 (KILOTON) 105
TABLE 84 REFRIGERANTS MARKET IN CHILLERS, BY REGION, 2016–2021 (USD MILLION) 106
TABLE 85 REFRIGERANTS MARKET IN CHILLERS, BY REGION, 2022–2028 (USD MILLION) 106
8.4 AIR CONDITIONING SYSTEM 106
TABLE 86 REFRIGERANTS MARKET IN AIR CONDITIONING SYSTEM, BY REGION, 2016–2021 (KILOTON) 106
TABLE 87 REFRIGERANTS MARKET IN AIR CONDITIONING SYSTEM, BY REGION, 2022–2028 (KILOTON) 107
TABLE 88 REFRIGERANTS MARKET IN AIR CONDITIONING SYSTEM, BY REGION, 2016–2021 (USD MILLION) 107
TABLE 89 REFRIGERANTS MARKET IN AIR CONDITIONING SYSTEM, BY REGION, 2022–2028 (USD MILLION) 107
8.4.1 WINDOW AC 108
8.4.1.1 Window AC segment to witness slow growth due to outdated technology 108
TABLE 90 REFRIGERANTS MARKET IN WINDOW AC, BY REGION, 2016–2021 (KILOTON) 108
TABLE 91 REFRIGERANTS MARKET IN WINDOW AC, BY REGION, 2022–2028 (KILOTON) 108
TABLE 92 REFRIGERANTS MARKET IN WINDOW AC, BY REGION, 2016–2021 (USD MILLION) 109
TABLE 93 REFRIGERANTS MARKET IN WINDOW AC, BY REGION, 2022–2028 (USD MILLION) 109
8.4.2 SPLIT AC 109
8.4.2.1 Growing consumption of split ACs to drive market 109
TABLE 94 REFRIGERANTS MARKET IN SPLIT AC, BY REGION, 2016–2021 (KILOTON) 109
TABLE 95 REFRIGERANTS MARKET IN SPLIT AC, BY REGION, 2022–2028 (KILOTON) 110
TABLE 96 REFRIGERANTS MARKET IN SPLIT AC, BY REGION, 2016–2021 (USD MILLION) 110
TABLE 97 REFRIGERANTS MARKET IN SPLIT AC, BY REGION, 2022–2028 (USD MILLION) 110
8.4.3 VARIABLE REFRIGERANT FLOW (VRF) 111
8.4.3.1 Developing construction activities to drive market 111
TABLE 98 REFRIGERANTS MARKET IN VARIABLE REFRIGERANT FLOW, BY REGION, 2016–2021 (KILOTON) 111
TABLE 99 REFRIGERANTS MARKET IN VARIABLE REFRIGERANT FLOW, BY REGION, 2022–2028 (KILOTON) 111
TABLE 100 REFRIGERANTS MARKET IN VARIABLE REFRIGERANT FLOW, BY REGION, 2016–2021 (USD MILLION) 112
TABLE 101 REFRIGERANTS MARKET IN VARIABLE REFRIGERANT FLOW, BY REGION, 2022–2028 (USD MILLION) 112
8.4.4 DUCTED, PACKAGED, AND ROOFTOP ACS 112
8.4.4.1 Increasing commercial spaces to influence market growth 112
TABLE 102 REFRIGERANTS MARKET IN DUCTED, PACKAGED, AND ROOFTOP ACS, BY REGION, 2016–2021 (KILOTON) 113
TABLE 103 REFRIGERANTS MARKET IN DUCTED, PACKAGED, AND ROOFTOP ACS, BY REGION, 2022–2028 (KILOTON) 113
TABLE 104 REFRIGERANTS MARKET IN DUCTED, PACKAGED, AND ROOFTOP ACS, BY REGION, 2016–2021 (USD MILLION) 113
TABLE 105 REFRIGERANTS MARKET IN DUCTED, PACKAGED, AND ROOFTOP ACS, BY REGION, 2022–2028 (USD MILLION) 114
8.5 MOBILE AIR CONDITIONING (MAC) 114
8.5.1 LARGE AUTOMOTIVE MANUFACTURING BASE IN ASIA PACIFIC TO OFFER OPPORTUNITIES FOR MAC 114
TABLE 106 REFRIGERANTS MARKET IN MOBILE AIR CONDITIONING, BY REGION, 2016–2021 (KILOTON) 114
TABLE 107 REFRIGERANTS MARKET IN MOBILE AIR CONDITIONING, BY REGION, 2022–2028 (KILOTON) 115
TABLE 108 REFRIGERANTS MARKET IN MOBILE AIR CONDITIONING, BY REGION, 2016–2021 (USD MILLION) 115
TABLE 109 REFRIGERANTS MARKET IN MOBILE AIR CONDITIONING, BY REGION, 2022–2028 (USD MILLION) 115
9 REFRIGERANTS MARKET, BY REGION 116
9.1 INTRODUCTION 117
FIGURE 35 ASIA PACIFIC TO BE FASTEST-GROWING REFRIGERANTS MARKET DURING FORECAST PERIOD 117
TABLE 110 REFRIGERANTS MARKET, BY REGION, 2016–2021 (KILOTON) 117
TABLE 111 REFRIGERANTS MARKET, BY REGION, 2022–2028 (KILOTON) 118
TABLE 112 REFRIGERANTS MARKET, BY REGION, 2016–2021 (USD MILLION) 118
TABLE 113 REFRIGERANTS MARKET, BY REGION, 2022–2028 (USD MILLION) 118
9.2 ASIA PACIFIC 119
FIGURE 36 ASIA PACIFIC: REFRIGERANTS MARKET SNAPSHOT 119
9.2.1 RECESSION IMPACT 120
9.2.2 ASIA PACIFIC REFRIGERANTS MARKET, BY TYPE 120
TABLE 114 ASIA PACIFIC: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (KILOTON) 120
TABLE 115 ASIA PACIFIC: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 120
TABLE 116 ASIA PACIFIC: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (USD MILLION) 121
TABLE 117 ASIA PACIFIC: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 121
9.2.3 ASIA PACIFIC REFRIGERANTS MARKET, BY APPLICATION 122
TABLE 118 ASIA PACIFIC: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 122
TABLE 119 ASIA PACIFIC: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 122
TABLE 120 ASIA PACIFIC: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 123
TABLE 121 ASIA PACIFIC: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 123
9.2.4 ASIA PACIFIC REFRIGERANTS MARKET, BY COUNTRY 124
TABLE 122 ASIA PACIFIC: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (KILOTON) 124
TABLE 123 ASIA PACIFIC: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 124
TABLE 124 ASIA PACIFIC: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION) 125
TABLE 125 ASIA PACIFIC: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 125
9.2.4.1 China 126
9.2.4.1.1 High demand for refrigeration and air conditioning systems to drive demand 126
TABLE 126 CHINA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 126
TABLE 127 CHINA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 127
TABLE 128 CHINA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 127
TABLE 129 CHINA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 128
9.2.4.2 Japan 128
9.2.4.2.1 Growing commitment to use natural refrigerants to drive market 128
TABLE 130 JAPAN: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 129
TABLE 131 JAPAN: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 129
TABLE 132 JAPAN: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 130
TABLE 133 JAPAN: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 130
9.2.4.3 South Korea 131
9.2.4.3.1 Increasing investments in public and institutional infrastructure to drive demand 131
TABLE 134 SOUTH KOREA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 131
TABLE 135 SOUTH KOREA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 132
TABLE 136 SOUTH KOREA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 132
TABLE 137 SOUTH KOREA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 133
9.2.4.4 India 133
9.2.4.4.1 Growth in commercial and industrial sectors to drive demand 133
TABLE 138 INDIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 134
TABLE 139 INDIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 134
TABLE 140 INDIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 135
TABLE 141 INDIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 135
9.2.4.5 Indonesia 136
9.2.4.5.1 Growing construction industry to drive market 136
TABLE 142 INDONESIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 136
TABLE 143 INDONESIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 137
TABLE 144 INDONESIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 137
TABLE 145 INDONESIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 138
9.2.4.6 Thailand 138
9.2.4.6.1 Increasing consumer awareness to drive demand for greener refrigerants 138
TABLE 146 THAILAND: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 139
TABLE 147 THAILAND: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 139
TABLE 148 THAILAND: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 140
TABLE 149 THAILAND: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 140
9.2.4.7 Malaysia 141
9.2.4.7.1 Rising income and changing purchasing habits to drive market 141
TABLE 150 MALAYSIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 141
TABLE 151 MALAYSIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 142
TABLE 152 MALAYSIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 142
TABLE 153 MALAYSIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 143
9.2.4.8 Australia 143
9.2.4.8.1 Demand for split ACs and variable refrigerant flow to drive market 143
TABLE 154 AUSTRALIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 144
TABLE 155 AUSTRALIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 144
TABLE 156 AUSTRALIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 145
TABLE 157 AUSTRALIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 145
9.3 NORTH AMERICA 146
FIGURE 37 NORTH AMERICA: REFRIGERANTS MARKET SNAPSHOT 147
9.3.1 RECESSION IMPACT 147
9.3.2 NORTH AMERICA REFRIGERANTS MARKET, BY TYPE 148
TABLE 158 NORTH AMERICA: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (KILOTON) 148
TABLE 159 NORTH AMERICA: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 148
TABLE 160 NORTH AMERICA: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (USD MILLION) 149
TABLE 161 NORTH AMERICA: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 149
9.3.3 NORTH AMERICA REFRIGERANTS MARKET, BY APPLICATION 150
TABLE 162 NORTH AMERICA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 150
TABLE 163 NORTH AMERICA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 150
TABLE 164 NORTH AMERICA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 151
TABLE 165 NORTH AMERICA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 151
9.3.4 NORTH AMERICA REFRIGERANTS MARKET, BY COUNTRY 152
TABLE 166 NORTH AMERICA: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (KILOTON) 152
TABLE 167 NORTH AMERICA: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 152
TABLE 168 NORTH AMERICA: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION) 152
TABLE 169 NORTH AMERICA: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 153
9.3.4.1 US 153
9.3.4.1.1 Montreal Protocol to influence market growth significantly 153
TABLE 170 US: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 153
TABLE 171 US: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 154
TABLE 172 US: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 154
TABLE 173 US: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 155
9.3.4.2 Canada 155
9.3.4.2.1 Industrial refrigeration to drive market 155
TABLE 174 CANADA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 156
TABLE 175 CANADA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 156
TABLE 176 CANADA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 157
TABLE 177 CANADA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 157
9.3.4.3 Mexico 158
9.3.4.3.1 Growing automotive sector to drive market 158
TABLE 178 MEXICO: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 158
TABLE 179 MEXICO: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 159
TABLE 180 MEXICO: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 159
TABLE 181 MEXICO: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 160
9.4 EUROPE 160
FIGURE 38 EUROPE: REFRIGERANTS MARKET SNAPSHOT 161
9.4.1 EUROPE: RECESSION IMPACT 161
9.4.2 EUROPE REFRIGERANTS MARKET, BY TYPE 162
TABLE 182 EUROPE: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (KILOTON) 162
TABLE 183 EUROPE: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 162
TABLE 184 EUROPE: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (USD MILLION) 163
TABLE 185 EUROPE: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 163
9.4.3 EUROPE REFRIGERANTS MARKET, BY APPLICATION 164
TABLE 186 EUROPE: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 164
TABLE 187 EUROPE: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 164
TABLE 188 EUROPE: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 165
TABLE 189 EUROPE: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 165
9.4.4 EUROPE REFRIGERANTS MARKET, BY COUNTRY 166
TABLE 190 EUROPE: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (KILOTON) 166
TABLE 191 EUROPE: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 166
TABLE 192 EUROPE: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION) 167
TABLE 193 EUROPE: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 167
9.4.4.1 Germany 167
9.4.4.1.1 Large manufacturing base of white goods to increase demand 167
TABLE 194 GERMANY: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 168
TABLE 195 GERMANY: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 168
TABLE 196 GERMANY: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 169
TABLE 197 GERMANY: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 169
9.4.4.2 Italy 170
9.4.4.2.1 Construction industry to present significant refrigerant demand 170
TABLE 198 ITALY: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 170
TABLE 199 ITALY: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 171
TABLE 200 ITALY: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 171
TABLE 201 ITALY: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 172
9.4.4.3 France 172
9.4.4.3.1 Increasing automobile production to drive demand 172
TABLE 202 FRANCE: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 173
TABLE 203 FRANCE: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 173
TABLE 204 FRANCE: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 174
TABLE 205 FRANCE: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 174
9.4.4.4 Spain 175
9.4.4.4.1 Presence of automobile manufacturers and rise in residential construction to drive market 175
TABLE 206 SPAIN: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 175
TABLE 207 SPAIN: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 176
TABLE 208 SPAIN: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 176
TABLE 209 SPAIN: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 177
9.4.4.5 UK 177
9.4.4.5.1 Rising investments in construction sector to drive market 177
TABLE 210 UK: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 178
TABLE 211 UK: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 178
TABLE 212 UK: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 179
TABLE 213 UK: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 179
9.4.4.6 Russia 180
9.4.4.6.1 Automotive industry to drive market 180
TABLE 214 RUSSIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 180
TABLE 215 RUSSIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 181
TABLE 216 RUSSIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 181
TABLE 217 RUSSIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 182
9.4.4.7 Turkey 182
9.4.4.7.1 Increased manufacturing of white goods to drive market 182
TABLE 218 TURKEY: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 183
TABLE 219 TURKEY: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 183
TABLE 220 TURKEY: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 184
TABLE 221 TURKEY: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 184
9.5 MIDDLE EAST & AFRICA 185
9.5.1 MIDDLE EAST: RECESSION IMPACT 185
9.5.2 MIDDLE EAST & AFRICA REFRIGERANTS MARKET, BY TYPE 186
TABLE 222 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (KILOTON) 186
TABLE 223 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 186
TABLE 224 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (USD MILLION) 187
TABLE 225 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 187
9.5.3 MIDDLE EAST & AFRICA REFRIGERANTS MARKET, BY APPLICATION 188
TABLE 226 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 188
TABLE 227 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 188
TABLE 228 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 189
TABLE 229 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 189
9.5.4 MIDDLE EAST & AFRICA REFRIGERANTS MARKET, BY COUNTRY 190
TABLE 230 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (KILOTON) 190
TABLE 231 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 190
TABLE 232 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION) 190
TABLE 233 MIDDLE EAST & AFRICA: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 191
9.5.4.1 Saudi Arabia 191
9.5.4.1.1 Investments in infrastructure, manufacturing, and retail sectors to drive market 191
TABLE 234 SAUDI ARABIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 191
TABLE 235 SAUDI ARABIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 192
TABLE 236 SAUDI ARABIA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 193
TABLE 237 SAUDI ARABIA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 193
9.5.4.2 UAE 194
9.5.4.2.1 Increasing investments in real estate and manufacturing to drive demand 194
TABLE 238 UAE: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 194
TABLE 239 UAE: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 195
TABLE 240 UAE: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 195
TABLE 241 UAE: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 196
9.5.4.3 Iran 196
9.5.4.3.1 Growing demand for air conditioning systems to influence market growth 196
TABLE 242 IRAN: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 197
TABLE 243 IRAN: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 197
TABLE 244 IRAN: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 198
TABLE 245 IRAN: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 198
9.5.4.4 South Africa 199
9.5.4.4.1 Rapid urbanization to drive market 199
TABLE 246 SOUTH AFRICA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 199
TABLE 247 SOUTH AFRICA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 200
TABLE 248 SOUTH AFRICA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 200
TABLE 249 SOUTH AFRICA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 201

9.6 SOUTH AMERICA 201
9.6.1 SOUTH AMERICA: RECESSION IMPACT 201
9.6.2 SOUTH AMERICA: REFRIGERANTS MARKET, BY TYPE 202
TABLE 250 SOUTH AMERICA: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (KILOTON) 202
TABLE 251 SOUTH AMERICA: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (KILOTON) 202
TABLE 252 SOUTH AMERICA: REFRIGERANTS MARKET, BY TYPE, 2016–2021 (USD MILLION) 203
TABLE 253 SOUTH AMERICA: REFRIGERANTS MARKET, BY TYPE, 2022–2028 (USD MILLION) 203
9.6.3 SOUTH AMERICA REFRIGERANTS MARKET, BY APPLICATION 204
TABLE 254 SOUTH AMERICA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 204
TABLE 255 SOUTH AMERICA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 204
TABLE 256 SOUTH AMERICA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 205
TABLE 257 SOUTH AMERICA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 205
9.6.4 SOUTH AMERICA REFRIGERANTS MARKET, BY COUNTRY 206
TABLE 258 SOUTH AMERICA: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (KILOTON) 206
TABLE 259 SOUTH AMERICA: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (KILOTON) 206
TABLE 260 SOUTH AMERICA: REFRIGERANTS MARKET, BY COUNTRY, 2016–2021 (USD MILLION) 206
TABLE 261 SOUTH AMERICA: REFRIGERANTS MARKET, BY COUNTRY, 2022–2028 (USD MILLION) 207
9.6.4.1 Brazil 207
9.6.4.1.1 Economic growth to drive market in various applications 207
TABLE 262 BRAZIL: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 207
TABLE 263 BRAZIL: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 208
TABLE 264 BRAZIL: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 208
TABLE 265 BRAZIL: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 209
9.6.4.2 Argentina 209
9.6.4.2.1 Higher consumer spending to support refrigerant demand 209
TABLE 266 ARGENTINA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (KILOTON) 210
TABLE 267 ARGENTINA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (KILOTON) 210
TABLE 268 ARGENTINA: REFRIGERANTS MARKET, BY APPLICATION, 2016–2021 (USD MILLION) 211
TABLE 269 ARGENTINA: REFRIGERANTS MARKET, BY APPLICATION, 2022–2028 (USD MILLION) 211

10 COMPETITIVE LANDSCAPE 212
10.1 INTRODUCTION 212
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 212
TABLE 270 OVERVIEW OF STRATEGIES ADOPTED BY KEY REFRIGERANTS MANUFACTURERS 212
10.3 RANKING OF KEY MARKET PLAYERS, 2022 214
FIGURE 39 RANKING OF TOP FIVE PLAYERS IN REFRIGERANTS MARKET, 2022 214
10.4 MARKET SHARE ANALYSIS 214
TABLE 271 REFRIGERANTS MARKET: DEGREE OF COMPETITION 215
FIGURE 40 HONEYWELL INTERNATIONAL INC. LED REFRIGERANTS MARKET IN 2022 215
10.5 REVENUE ANALYSIS OF TOP FIVE PLAYERS 217
FIGURE 41 REVENUE ANALYSIS OF KEY COMPANIES DURING PAST FIVE YEARS 217
10.6 COMPANY PRODUCT FOOTPRINT ANALYSIS 218
FIGURE 42 REFRIGERANTS MARKET: COMPANY FOOTPRINT 218
TABLE 272 REFRIGERANTS MARKET: TYPE FOOTPRINT 219
TABLE 273 REFRIGERANTS MARKET: APPLICATION FOOTPRINT 220
TABLE 274 REFRIGERANTS MARKET: COMPANY REGION FOOTPRINT 221
10.7 COMPANY EVALUATION QUADRANT (TIER 1) 222
10.7.1 STARS 222
10.7.2 EMERGING LEADERS 222
10.7.3 PARTICIPANTS 222
10.7.4 PERVASIVE PLAYERS 222
FIGURE 43 COMPANY EVALUATION QUADRANT FOR REFRIGERANTS MARKET (TIER 1) 223
10.8 COMPETITIVE BENCHMARKING 224
TABLE 275 REFRIGERANTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 224
TABLE 276 REFRIGERANTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES 224
10.9 STARTUP/SME EVALUATION QUADRANT 225
10.9.1 PROGRESSIVE COMPANIES 225
10.9.2 RESPONSIVE COMPANIES 225
10.9.3 STARTING BLOCKS 225
10.9.4 DYNAMIC COMPANIES 225
FIGURE 44 STARTUP/SMES EVALUATION QUADRANT FOR REFRIGERANTS MARKET 226
10.10 COMPETITIVE SITUATIONS AND TRENDS 227
10.10.1 PRODUCT LAUNCHES 227
TABLE 277 REFRIGERANTS MARKET: PRODUCT LAUNCHES (2019–2022) 227
10.10.2 DEALS 227
TABLE 278 REFRIGERANTS MARKET: DEALS (2019–2022) 227
10.10.3 OTHER DEVELOPMENTS 230
TABLE 279 REFRIGERANTS MARKET: OTHER DEVELOPMENTS (2019–2022) 230

11 COMPANY PROFILES 232
(Business overview, Products offered, Recent developments & MnM View)*
11.1 MAJOR PLAYERS 232
11.1.1 ARKEMA S.A. 232
TABLE 280 ARKEMA S.A.: COMPANY OVERVIEW 232
FIGURE 45 ARKEMA S.A.: COMPANY SNAPSHOT 233
TABLE 281 ARKEMA S.A.: DEALS 234
11.1.2 DONGYUE GROUP CO., LTD. 235
TABLE 282 DONGYUE GROUP CO., LTD.: COMPANY OVERVIEW 235
FIGURE 46 DONGYUE GROUP CO., LTD: COMPANY SNAPSHOT 236
11.1.3 HONEYWELL INTERNATIONAL INC. 238
TABLE 283 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 238
FIGURE 47 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 238
TABLE 284 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES 239
TABLE 285 HONEYWELL INTERNATIONAL INC.: DEALS 239
TABLE 286 HONEYWELL INTERNATIONAL INC.: OTHER DEVELOPMENTS 240
11.1.4 THE CHEMOURS COMPANY 241
TABLE 287 THE CHEMOURS COMPANY: COMPANY OVERVIEW 241
FIGURE 48 THE CHEMOURS COMPANY: COMPANY SNAPSHOT 241
TABLE 288 THE CHEMOURS COMPANY: DEALS 242
TABLE 289 THE CHEMOURS COMPANY: OTHER DEVELOPMENTS 243
11.1.5 LINDE PLC 245
TABLE 290 LINDE PLC: COMPANY OVERVIEW 245
FIGURE 49 LINDE PLC: COMPANY SNAPSHOT 245
TABLE 291 LINDE PLC: OTHER DEVELOPMENTS 246
11.1.6 AIR LIQUIDE S.A. 247
TABLE 292 AIR LIQUIDE S.A.: COMPANY OVERVIEW 247
FIGURE 50 AIR LIQUIDE S.A.: COMPANY SNAPSHOT 248
TABLE 293 AIR LIQUIDE S.A.: DEALS 249
TABLE 294 AIR LIQUIDE S.A.: OTHER DEVELOPMENTS 249
11.1.7 SINOCHEM CORPORATION 250
TABLE 295 SINOCHEM CORPORATION: COMPANY OVERVIEW 250
FIGURE 51 SINOCHEM CORPORATION: COMPANY SNAPSHOT 251
TABLE 296 SINOCHEM CORPORATION: DEALS 252
11.1.8 DAIKIN INDUSTRIES, LTD. 253
TABLE 297 DAIKIN INDUSTRIES, LTD.: COMPANY OVERVIEW 253
FIGURE 52 DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT 254
TABLE 298 DAIKIN INDUSTRIES LTD.: DEALS 255
TABLE 299 DAIKIN INDUSTRIES LTD.: OTHER DEVELOPMENTS 255
11.1.9 ORBIA 256
TABLE 300 ORBIA: COMPANY OVERVIEW 256
FIGURE 53 ORBIA: COMPANY SNAPSHOT 256
TABLE 301 ORBIA: PRODUCT LAUNCHES 257
TABLE 302 ORBIA: OTHER DEVELOPMENTS 257
11.1.10 ASAHI GLASS CORPORATION 258
TABLE 303 ASAHI GLASS CORPORATION: COMPANY OVERVIEW 258
FIGURE 54 ASAHI GLASS CORPORATION: COMPANY SNAPSHOT 259
TABLE 304 ASAHI GLASS CORPORATION: PRODUCT LAUNCH 260
TABLE 305 ASAHI GLASS CORPORATION: DEALS 260
11.1.11 A-GAS INTERNATIONAL 261
TABLE 306 A-GAS INTERNATIONAL: COMPANY OVERVIEW 261
TABLE 307 A-GAS INTERNATIONAL: DEALS 263
TABLE 308 A-GAS INTERNATIONAL: OTHER DEVELOPMENTS 263
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
11.2 STARTUP/SME PLAYERS 265
11.2.1 SRF LIMITED 265
TABLE 309 SRF LIMITED: COMPANY OVERVIEW 265
11.2.2 GUJARAT FLUOROCHEMICALS LIMITED 265
TABLE 310 GUJARAT FLUOROCHEMICALS LIMITED: COMPANY OVERVIEW 265
11.2.3 NAVIN FLUORINE INTERNATIONAL LTD. 266
TABLE 311 NAVIN FLUORINE INTERNATIONAL LTD.: COMPANY OVERVIEW 266
11.2.4 PUYANG ZHONGWEI FINE CHEMICALS CO., LTD. 266
TABLE 312 PUYANG ZHONGWEI FINE CHEMICALS CO., LTD.: COMPANY OVERVIEW 266
11.2.5 SHANDONG YUEAN CHEMICAL INDUSTRY CO. LTD 267
TABLE 313 SHANDONG YUEAN CHEMICAL INDUSTRY CO., LTD: COMPANY OVERVIEW 267
11.2.6 HARP INTERNATIONAL LIMITED 267
TABLE 314 HARP INTERNATIONAL LIMITED: COMPANY OVERVIEW 267
11.2.7 QUIMOBASICOS, S.A. DE C.V. 268
TABLE 315 QUIMOBASICOS, S.A. DE C.V.: COMPANY OVERVIEW 268
11.2.8 TAZZETI S.P.A. 268
TABLE 316 TAZZETI S.P.A.: COMPANY OVERVIEW 268
11.2.9 GAS SERVEI S.A. 269
TABLE 317 GAS SERVEI S.A.: COMPANY OVERVIEW 269
11.2.10 ZHEJIANG FOTECH INTERNATIONAL CO. LTD. 269
TABLE 318 ZHEJIANG FOTECH INTERNATIONAL CO. LTD: COMPANY OVERVIEW 269
11.2.11 REFRIGERANT SOLUTIONS LTD. 270
TABLE 319 REFRIGERANT SOLUTIONS LTD.: COMPANY OVERVIEW 270
11.2.12 BROTHERS GAS BOTTLING & DISTRIBUTION CO. LLC 270
TABLE 320 BROTHERS GAS BOTTLE & DISTRIBUTION CO. LLC: COMPANY OVERVIEW 270

11.2.13 ECO FREEZE INTERNATIONAL 271
TABLE 321 ECO FREEZE INTERNATIONAL: COMPANY OVERVIEW 271
11.2.14 ENGAS AUSTRALASIA 271
TABLE 322 ENGAS AUSTRALASIA: COMPANY OVERVIEW 271
12 ADJACENT & RELATED MARKETS 272
12.1 INTRODUCTION 272
12.2 LIMITATION 272
12.3 INDUSTRIAL REFRIGERATION SYSTEM MARKET 272
12.3.1 MARKET DEFINITION 272
12.3.2 MARKET OVERVIEW 273
12.4 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REGION 273
TABLE 323 INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REGION, 2016–2025 (USD BILLION) 273
12.4.1 NORTH AMERICA 274
12.4.1.1 By country 274
TABLE 324 NORTH AMERICA: INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COUNTRY, 2016–2025 (USD MILLION) 274
12.4.1.2 By component 274
TABLE 325 NORTH AMERICA: INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT, 2016–2025 (USD MILLION) 274
12.4.2 EUROPE 275
12.4.2.1 By country 275
TABLE 326 EUROPE: INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COUNTRY, 2016–2025 (USD MILLION) 275
12.4.2.2 By component 275
TABLE 327 EUROPE: INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT, 2016–2025 (USD MILLION) 275
12.4.3 ASIA PACIFIC 276
12.4.3.1 By country 276
TABLE 328 ASIA PACIFIC: INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COUNTRY, 2016–2025 (USD MILLION) 276
12.4.3.2 By component 276
TABLE 329 ASIA PACIFIC: INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT, 2016–2025 (USD MILLION) 276
12.4.4 REST OF WORLD (ROW) 277
12.4.4.1 By region 277
TABLE 330 ROW: INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY REGION, 2016–2025 (USD MILLION) 277
12.4.4.2 By component 277
TABLE 331 ROW: INDUSTRIAL REFRIGERATION SYSTEM MARKET, BY COMPONENT, 2016–2025 (USD MILLION) 277

13 APPENDIX 278
13.1 DISCUSSION GUIDE 278
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 282
13.3 CUSTOMIZATION OPTIONS 284
13.4 RELATED REPORTS 284
13.5 AUTHOR DETAILS 285