R134A 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 R134A Refrigerant market including various factors related to and dependent influencing the market growth.
R134a is also known as tetrafluoroethane (CF3CH2F) from the family of HFC refrigerant. It exists in gas form when expose to the environment as the boiling temperature is -14.9°F or -26.1°C.
R134a refrigerant is now being used as a replacement for R-12 CFC refrigerant in the area of centrifugal, rotary screw, scroll and reciprocating compressors. It is not 100% compatible with the lubricants and mineral-based refrigerant currently used in R-12. Design changes to the condenser and evaporator need to be done to use this refrigerant. R134a refrigerant is safe for normal handling as it is non-toxic, non-flammable and non-corrosive.
In 2013, Europe published the ban that the new Automotive Air-Conditioning (MAC) cannot use R134a. Since 1 January 2013 the MAC Directive is fully applicable. In 2015, The US Environmental Protection Agency (EPA) is considering declaring refrigerant R134a as being unsuitable for use in chillers. Affected by the policy, global sales of R134a decreases from 203 K MT in 2012 to 200 K MT in 2016, with an average decease rate of 0.89%. Also, Arkema is planning to shut down its R134a refrigerant plant at Pierre-Bénite, France.
Currently, global major manufacturers in this industry are mainly concentrated in China. In 2016, China produced 145 K MT R134a, with a share of 72%. China major suppliers are Juhua Group, Sinochem Taicang Chemical, Bailian, Dongyue Federation and Sanmei etc. Price in China changes a lot during 2012 to 2016. But Chinas demand growth has been slow, so China has become the worlds largest exporter.
On the other hand, with the European restrictions on the use of 134A, and the United States will increase anti-dumping duties on the product from China, the future of Chinas export status is very grim.
Global R134A Refrigerant market size will increase to 100 Million US$ by 2030, from 190 Million US$ in 2020, at a CAGR of -7.8% 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 R134A 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 R134A 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 R134A 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 R134A 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 R134A Refrigerant Market:
The major competitors working in the market are:
, Mexichem Fluor, Chemours, Honeywell, Linde Gas, Arkema, Juhua Group, Sinochem Taicang Chemical, Bailian, Dongyue Federation, Sanmei
Market by Order Type
Tetrachlorethylene Process
Trichlorethylene Process
R134A Refrigerant Data by Application
Automotive Air-Conditioning
Commercial Refrigeration Equipment
Domestic Refrigeration Equipment
R134A Refrigerant Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the R134A 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 R134A 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 R134A Refrigerant market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the R134A Refrigerant market size and their forecasts
- To provide strategic profiles of the key players operating in the R134A 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 R134A Refrigerant market
Target Audiences for R134A 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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