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Refrigerants - Global Market Trajectory & Analytics

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    Report

  • 281 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030327
Global Refrigerants Market to Reach $18.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Refrigerants estimated at US$15.2 Billion in the year 2020, is projected to reach a revised size of US$18.8 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Fluorocarbon, one of the segments analyzed in the report, is projected to record a 2.8% CAGR and reach US$10.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hydrocarbon segment is readjusted to a revised 3.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $4.1 Billion, While China is Forecast to Grow at 5.5% CAGR

The Refrigerants market in the U.S. is estimated at US$4.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Inorganic Segment to Record 3.6% CAGR

In the global Inorganic segment, USA, Canada, Japan, China and Europe will drive the 3.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$3.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.6 Billion by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 38 Featured):
  • A-Gas International
  • AGC Inc.
  • Airgas Inc.
  • Arkema Group
  • Changsu 3f Fluorochemical Industry Co. Ltd.
  • Daikin Industries Ltd.
  • Dongyue Group Ltd.
  • Gas Servei S.A.
  • Gujarat Fluorochemicals Ltd.
  • Harp International Ltd.
  • Honeywell International, Inc.
  • Linde AG
  • Mexichem Fluor S.A. de C.V.
  • Navin Fluorine International Limited
  • Oz-Chill Refrigerants
  • Quimobasicos
  • Refrigerant Solutions Inc.
  • Shandong Yue'an Chemical Co., Ltd
  • Sinochem Group Co., Ltd.
  • SRF Ltd.
  • Tazzetti S.p.A.
  • The Chemours Company
  • Zhejiang Fotech International Co Ltd.
  • Zhejiang Juhua Co., Ltd.
Frequently Asked Questions about the Global Market for Refrigerants

What is the estimated value of the Global Market for Refrigerants?

The Global Market for Refrigerants was estimated to be valued at $15.2 Billion in 2020.

What is the growth rate of the Global Market for Refrigerants?

The growth rate of the Global Market for Refrigerants is 3.1%, with an estimated value of $18.8 Billion by 2027.

What is the forecasted size of the Global Market for Refrigerants?

The Global Market for Refrigerants is estimated to be worth $18.8 Billion by 2027.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 38