HFC Refrigerant Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the HFC Refrigerant market including various factors related to and dependent influencing the market growth.
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-chloro-fluorocarbons (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.
From the application perspective, the Air Conditioner market produced 679.9 K MT 2020 and is expected to reach 537.9 K MT by the end of 2023, growing at a CAGR of -3.83% between 2022 and 2023. The Automotive Air Conditioner market produced 391.7 K MT 2020 and is expected to reach 321.6 K MT by the end of 2023, growing at a CAGR of -3.23% between 2022 and 2023. The Refrigerator market produced 202.9 K MT 2020 and is expected to reach 170.4 K MT by the end of 2023, growing at a CAGR of -2.87% between 2022 and 2023. The others market produced 136.0 K MT 2020 and is expected to reach 112.2 K MT by the end of 2023, growing at a CAGR of -3.15% between 2022 and 2023.
Global HFC Refrigerant Market has experienced a rapid development in recent years. With the improving process and reducing cost, Global HFC Refrigerant price has been fluctuated in last five years. In the next few years, we tend to believe that this industry has a limited developing future due to the Montreal Protocol Kigali Amendment impacts. More substitute refrigerants are being invented and the HFCs phase-down plan will work soon.
Global HFC Refrigerant market size will increase to 2950 Million US$ by 2030, from 3790 Million US$ in 2020, at a CAGR of -3.1% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for HFC Refrigerant.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global HFC Refrigerant market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the HFC Refrigerant market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The HFC Refrigerant market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the HFC Refrigerant Market:
The major competitors working in the market are:
, Chemours, Arkema, Daikin, Mexichem, Honeywell, Linde, Zhejiang Juhua, Dongyue Group, Sanmei, Sinochem Group, Meilan Chemical
Market by Order Type
R-134a
R-410A
R-407C
Others
HFC Refrigerant Data by Application
Air Conditioner
Automotive Air Conditioner
Refrigerator
Others
HFC Refrigerant Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the HFC Refrigerant market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of HFC Refrigerant Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the HFC Refrigerant market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the HFC Refrigerant market size and their forecasts
- To provide strategic profiles of the key players operating in the HFC Refrigerant market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the HFC Refrigerant market
Target Audiences for HFC Refrigerant Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
We also provide customized reports according to customer\'s specific requirements. We also provide customization for regional and country-level reports individually.
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