Quick Summary:
Navigating the complexities of the global aerosol refrigerants market requires a solid understanding of the driving forces and trends that shape it. With an extensive usage in refrigerators, air conditioning systems, and chillers due to their cost-effectiveness, non-toxicity and non-flammability, aerosol refrigerants form an integral part of commercial and residential sectors. They are commercially available in steel and aluminum material types.
Rapid urbanization, escalating living standards, and increasing disposable incomes have accelerated the market demand for consumer appliances across industrial verticals. Rising construction activities worldwide further intensify the utilization of aerosol refrigerants. Governments globally are taking proactive steps to stimulate the manufacturing of environmentally-friendly aerosol refrigerants. Technological advancements, continuous investments in R&D efforts, and strategic collaborations amongst key players to manufacture recyclable and sustainable aerosol refrigerants add favourable dimensions to the market outlook.
Gain insights into market segmentation, trends, and key competitors in the industry. Make informed business strategies with the comprehensive analysis provided in this report. Purchase the aerosol refrigerants market report to unlock the potential of this evolving market.
The global aerosol refrigerants market size reached US$ 1.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 1.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Refrigerants refer to a chemical combination of various working fluids, gasses, and fine solid particles, including aerosol, which are evenly distributed for functioning as a cooling agent in the refrigeration cycles and heat pumps. They are cost-effective, non-toxic, and non-flammable in nature, due to which they are extensively used in refrigerators, air conditioning systems, and chillers for maintaining optimum temperature. On account of these properties, aerosol refrigerants are employed in commercial and residential sectors. At present, they are commercially available in the steel and aluminum (Al) material types.
2. What is the expected growth rate of the global aerosol refrigerants market during 2023-2028?
3. What are the key factors driving the global aerosol refrigerants market?
4. What has been the impact of COVID-19 on the global aerosol refrigerants market?
5. What is the breakup of the global aerosol refrigerants market based on the product?
6. What is the breakup of the global aerosol refrigerants market based on the container type?
7. What is the breakup of the global aerosol refrigerants market based on the end-use sector?
8. What are the key regions in the global aerosol refrigerants market?
9. Who are the key players/companies in the global aerosol refrigerants market?
Refrigerants refer to a chemical combination of various working fluids, gasses, and fine solid particles, including aerosol, which are evenly distributed for functioning as a cooling agent in the refrigeration cycles and heat pumps. They are cost-effective, non-toxic, and non-flammable in nature, due to which they are extensively used in refrigerators, air conditioning systems, and chillers for maintaining optimum temperature. On account of these properties, aerosol refrigerants are employed in commercial and residential sectors. At present, they are commercially available in the steel and aluminum (Al) material types.
Aerosol Refrigerants Market Trends:
The global aerosol refrigerants market is primarily being driven by the increasing need for various consumer appliances, including refrigerators, chillers, and heating, ventilation, and air conditioning (HVAC) products across several industrial verticals to minimize power consumption. Additionally, the widespread adoption of aerosol refrigerants in the residential sector can be attributed to the rising construction activities across the globe on account of rapid commercialization and urbanization, evolving living standards, and inflating disposable incomes, particularly in emerging economies. In line with this, rising environmental concerns have prompted governments of several countries to undertake favorable initiatives to promote the manufacturing of eco-friendly aerosol refrigerants for eliminating the utilization of hydrofluorocarbons (HFC) and hydrofluoro-olefins (HFOs). This further assists in reducing the risk of ozone depletion and global warming, thus acting as another major growth-inducing factor. Additionally, significant technological advancements, such as the introduction of carbon dioxide (CO2) cascade and cold chain solutions that are infused with propane-based cooling systems, are further contributing to the market growth. Other factors, such as continuous investments in research and development (R&D) activities and strategic collaborations amongst key players to launch steel aerosol refrigerants that exhibit recyclable and sustainable properties, while reducing production costs, are creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global aerosol refrigerants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, container type and end use sector.Breakup by Product:
- HFC-143a
- HFC-32
- HFC-125
- SF6
- Others
Breakup by Container Type:
- Steel
- Aluminum
Breakup by End Use Sector:
- Residential
- Commercial
- Industrial
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being A-Gas, Arkema S.A., Baltic Refrigeration Group, Daikin Industries Ltd., Dongyue Group, Fastenal Company, Groupe Gazechim, Honeywell International Inc., Navin Fluorine International Limited, Sinochem Corporation, SRF Limited (Kama Holdings Ltd.), Technical Chemical Company and The Chemours Company.Key Questions Answered in This Report
1. What was the size of the global aerosol refrigerants market in 2022?2. What is the expected growth rate of the global aerosol refrigerants market during 2023-2028?
3. What are the key factors driving the global aerosol refrigerants market?
4. What has been the impact of COVID-19 on the global aerosol refrigerants market?
5. What is the breakup of the global aerosol refrigerants market based on the product?
6. What is the breakup of the global aerosol refrigerants market based on the container type?
7. What is the breakup of the global aerosol refrigerants market based on the end-use sector?
8. What are the key regions in the global aerosol refrigerants market?
9. Who are the key players/companies in the global aerosol refrigerants market?
Frequently Asked Questions about the Global Aerosol Refrigerants Market
What is the estimated value of the Global Aerosol Refrigerants Market?
What is the growth rate of the Global Aerosol Refrigerants Market?
What is the forecasted size of the Global Aerosol Refrigerants Market?
Who are the key companies in the Global Aerosol Refrigerants Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1.1 Billion |
| Forecasted Market Value ( USD | $ 1.5 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Aerosol Refrigerants Market
6 Market Breakup by Product
7 Market Breakup by Container Type
8 Market Breakup by End Use Sector
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- A-Gas
- Arkema S.A.
- Baltic Refrigeration Group
- Daikin Industries Ltd.
- Dongyue Group
- Fastenal Company
- Groupe Gazechim
- Honeywell International Inc.
- Navin Fluorine International Limited
- Sinochem Corporation
- SRF Limited (Kama Holdings Ltd.)
- Technical Chemical Company
- The Chemours Company
Methodology
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