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Global Next Generation Refrigerants Market, By Type (Natural Refrigerants, Hydrofluoro Olefins & Others) By Application (Air Conditioning, Refrigeration, Heat Pump & Others), By End-Use, By Region, Competition, Forecast & Opportunities, 2024

  • ID: 4846571
  • Report
  • Region: Global
  • 124 pages
  • TechSci Research
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until Dec 31st 2019
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The Global Next Generation Refrigerants Market is Projected to Witness a CAGR of 9.5% During Forecast Period.

FEATURED COMPANIES

  • AGC Inc.
  • Arkema SA
  • ASPEN Refrigerants, Inc.
  • Daikin Industries, Ltd.
  • Harp International Ltd.
  • SRF Limited
  • MORE
The Global Next Generation Refrigerants Market is projected to witness a CAGR of 9.5% during forecast period and is expected to reach $ 4.51 billion during forecast period. A 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. Notably, rapid increase in the demand for air conditioners, heat pumps and refrigeration among others, is providing immense opportunities for the market to prosper further. Next generation refrigeration industry is at the peak of technological advancement and is anticipated to further expand its application areas. The Global Next Generation Refrigerants Market is fueled by strict regulatory environment and growing consumer awareness, owing to which many industries are moving towards products with minimal impact on the environment. However, the existing conventional refrigerants, including R22, R32, R134a, R544, among others, have high global warming potential and ozone depletion potential. However, the next generation refrigerants, such as Ammonia (R-717), 1,3,3,3-Tetrafluoropropene (R-1234ze), and 2,3,3,3-Tetrafluoropropene (R-1234yf), among others have minimal to zero global warming potential (GWP) and ozone depletion potential (ODP). The demand for next generation refrigerants is increasing rapidly, owing to the growing preference for production procedures which are less harmful for the environment. Natural refrigerant and Hydrofluoro olefins (HFO) are the two types of next generation refrigerants with zero-ozone depletion potential (ODP) and global warming potential (GWP).

Natural refrigerants are naturally occurring and non-synthetic substances that can be used as cooling agents in both air-conditioners and refrigerators. These substances include hydrocarbons such as butane, propane and cyclopentane, ammonia, CO2, water, and air. These natural refrigerants have negligible or zero ozone depletion potential (ODP) thereby, lowering the impact on global warming. A few natural refrigerants include carbon dioxide (R-744), ammonia (R-717), and hydrocarbon refrigerants such as propane (R-290), isobutane (R-600a), and others.

Regionally, the Global Next Generation Refrigerants Market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among regions, Europe dominated the Global Next Generation Refrigerants Market in 2018 with 36.8% share on account of increasing government initiatives which include F-Gas regulation against HCFCs and HFCs, which resulted in rise in the demand for natural refrigerants and HFO in the region. Furthermore, commercial supermarkets have largely taken over the usage of carbon dioxide as a refrigerant in refrigeration and air conditioning systems, which is further anticipated to increase the demand for natural refrigerants in the region.

Some of the key players operating in the Global Next Generation Refrigerants Market include, AGC Inc., Arkema SA, ASPEN Refrigerants, Inc., Daikin Industries, Ltd., Harp International Ltd., Honeywell International Inc., SRF Limited, Tazzetti S.p.A, The Chemours Company, The Linde Group, among others.

Years considered for this report:
  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024
Objective of the Study:
  • To analyze and forecast the Global Next Generation Refrigerants Market size.
  • To forecast the Global Next Generation Refrigerants Market based on type, application, end-user and regional distribution.
  • To identify drivers and challenges for the Global Next Generation Refrigerants Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Next Generation Refrigerants Market.
  • To conduct pricing analysis for next generation refrigerants market.
  • To identify and analyze the profile of leading players involved in the manufacturing of next generation refrigerants.
Some of the leading players in the Global Next Generation Refrigerants Market are AGC Inc., Arkema SA, ASPEN Refrigerants, Inc., Daikin Industries, Ltd., Harp International Ltd., Honeywell International Inc., SRF Limited, Tazzetti S.p.A, The Chemours Company, The Linde Group, among others.

The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of leading manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the manufacturers which could not be identified due to the limitations of secondary research. They analyzed the product offerings, distribution channels and presence of all major players operating in the Global Next Generation Refrigerants Market.

The author calculated the Global Next Generation Refrigerants Market size by using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. they sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Next generation refrigerants manufacturers and suppliers
  • Government and other regulatory bodies
  • Organizations, forums and alliances related to next generation refrigerants
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, global next generation refrigerants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Type:
  • Natural Refrigerants (CO2(R-744), NH3 (R-717)
  • Hydrofluoroolefins (HFOs)
  • Others
Market, By Application:
  • Refrigeration
  • Air Conditioning
  • Heat Pump
  • Others
Market, By End-User:
  • Residential
  • Commercial
  • Industrial
  • Transportation
Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • Russia
  • United Kingdom
  • France
  • Italy
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global next generation refrigerants market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AGC Inc.
  • Arkema SA
  • ASPEN Refrigerants, Inc.
  • Daikin Industries, Ltd.
  • Harp International Ltd.
  • SRF Limited
  • MORE
1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1. Factors to be considered for product selection
4.2. Factors influencing purchase decision
4.3. Challenges/issues faced post purchase
4.4. Unmet needs

5. Global Next Generation Refrigerants Industry Overview

6. Global Next Generation Refrigerants Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value
6.2. Market Share and Forecast
6.2.1. By Type (Natural Refrigerants (CO2(R-744), NH3 (R-717), Hydrofluoroolefins (HFOs), Others)
6.2.2. By Application (Air Conditioning, Refrigeration, Heat Pump, Others)
6.2.3. By End-Use (Industrial, Residential, Commercial, Transportation)
6.2.4. By Company
6.2.5. By Region
6.3. Market Attractive Index

7. Europe Next Generation Refrigerants Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Application
7.2.3. By End - Use
7.2.4. By Country
7.3. Germany Next Generation Refrigerants Market Outlook
7.3.1. Market Size and Forecast
7.3.1.1. By Value
7.3.2. Market Share and Forecast
7.3.2.1. By Application
7.3.2.2. By End-Use
7.4. Russia Next Generation Refrigerants Market Outlook
7.4.1. Market Size and Forecast
7.4.1.1. By Value
7.4.2. Market Share and Forecast
7.4.2.1. By Application
7.4.2.2. By End-Use
7.5. United Kingdom Next Generation Refrigerants Market Outlook
7.5.1. Market Size and Forecast
7.5.1.1. By Value
7.5.2. Market Share and Forecast
7.5.2.1. By Application
7.5.2.2. By End-User
7.6. France Next Generation Refrigerants Market Outlook
7.6.1. Market Size and Forecast
7.6.1.1. By Value
7.6.2. Market Share and Forecast
7.6.2.1. By Type
7.6.2.2. By Application
7.6.2.3. By End-User
7.7. Italy Next Generation Refrigerants Market Outlook
7.7.1. Market Size and Forecast
7.7.1.1. By Value
7.7.2. Market Share and Forecast
7.7.2.1. By Application
7.7.2.2. By End-Use

8. North America Next Generation Refrigerants Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
8.2.3. By End-Use
8.2.4. By Country
8.3. United States Next Generation Refrigerants Market Outlook
8.3.1. Market Size and Forecast
8.3.1.1. By Value
8.3.2. Market Share and Forecast
8.3.2.1. By Application
8.3.2.2. By End-Use
8.4. Canada Next Generation Refrigerants Market Outlook
8.4.1. Market Size and Forecast
8.4.1.1. By Value
8.4.2. Market Share and Forecast
8.4.2.1. By Application
8.4.2.2. By End-Use
8.5. Mexico Next Generation Refrigerants Market Outlook
8.5.1. Market Size and Forecast
8.5.1.1. By Value
8.5.2. Market Share and Forecast
8.5.2.1. By Application
8.5.2.2. By End-Use

9. Asia-Pacific Next Generation Refrigerants Market Outlook
9.1. Market Size and Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Application
9.2.3. By End-Use
9.2.4. By Country
9.3. China Next Generation Refrigerants Market Outlook
9.3.1. Market Size and Forecast
9.3.1.1. By Value
9.3.2. Market Share and Forecast
9.3.2.1. By Application
9.3.2.2. By End-Use
9.4. Japan Next Generation Refrigerants Market Outlook
9.4.1. Market Size and Forecast
9.4.1.1. By Value
9.4.2. Market Share and Forecast
9.4.2.1. By Application
9.4.2.2. By End-Use
9.5. India Next Generation Refrigerants Market Outlook
9.5.1. Market Size and Forecast
9.5.1.1. By Value
9.5.2. Market Share and Forecast
9.5.2.1. By Application
9.5.2.2. By End-Use
9.6. Australia Next Generation Refrigerants Market Outlook
9.6.1. Market Size and Forecast
9.6.1.1. By Value
9.6.2. Market Share and Forecast
9.6.2.1. By Type
9.6.2.2. By Application
9.6.2.3. By End-User
9.7. South Korea Next Generation Refrigerants Market Outlook
9.7.1. Market Size and Forecast
9.7.1.1. By Value
9.7.2. Market Share and Forecast
9.7.2.1. By Application
9.7.2.2. By End-Use

10. South America Next Generation Refrigerants Market Outlook
10.1. Market Size and Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Application
10.2.3. By End-Use
10.2.4. By Country
10.3. Brazil Next Generation Refrigerants Market Outlook
10.3.1. Market Size and Forecast
10.3.1.1. By Value
10.3.2. Market Share and Forecast
10.3.2.1. By Application
10.3.2.2. By End-Use
10.4. Argentina Next Generation Refrigerants Market Outlook
10.4.1. Market Size and Forecast
10.4.1.1. By Value
10.4.2. Market Share and Forecast
10.4.2.1. By Application
10.4.2.2. By End-Use
10.5. Colombia Next Generation Refrigerants Market Outlook
10.5.1. Market Size and Forecast
10.5.1.1. By Value
10.5.2. Market Share and Forecast
10.5.2.1. By Application
10.5.2.2. By End-User

11. Middle East & Africa Next Generation Refrigerants Market Outlook
11.1. Market Size and Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Application
11.2.3. By End-Use
11.2.4. By Country
11.3. Saudi Arabia Next Generation Refrigerants Market Outlook
11.3.1. Market Size and Forecast
11.3.1.1. By Value
11.3.2. Market Share and Forecast
11.3.2.1. By Application
11.3.2.2. By End-Use
11.4. South Africa Next Generation Refrigerants Market Outlook
11.4.1. Market Size and Forecast
11.4.1.1. By Value
11.4.2. Market Share and Forecast
11.4.2.1. By Application
11.4.2.2. By End-Use
11.5. UAE Next Generation Refrigerants Market Outlook
11.5.1. Market Size and Forecast
11.5.1.1. By Value
11.5.2. Market Share and Forecast
11.5.2.1. By Application
11.5.2.2. By End-Use
11.6. Qatar Next Generation Refrigerants Market Outlook
11.6.1. Market Size and Forecast
11.6.1.1. By Value
11.6.2. Market Share and Forecast
11.6.2.1. By Application
11.6.2.2. By End-Use

12. Market Dynamics
12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Pricing Analysis

15. Competitive Landscape
15.1. Competition Benchmarking
15.2. Company Profiles (Leading companies)
15.2.1. AGC Inc.
15.2.2. Arkema SA
15.2.3. ASPEN Refrigerants, Inc.
15.2.4. Daikin Industries, Ltd.
15.2.5. Harp International Ltd.
15.2.6. Honeywell International Inc.
15.2.7. SRF Limited
15.2.8. Tazzetti S.p.A
15.2.9. The Chemours Company
15.2.10. The Linde Group

16. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements)
Note: Product cover images may vary from those shown
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  • AGC Inc.
  • Arkema SA
  • ASPEN Refrigerants, Inc.
  • Daikin Industries, Ltd.
  • Harp International Ltd.
  • Honeywell International Inc.
  • SRF Limited
  • Tazzetti S.p.A
  • The Chemours Company
  • The Linde Group
Note: Product cover images may vary from those shown
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