In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Refrigerant market for 2018-2023.
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.
China is the major manufacturing and consumption market in the world. China is the largest consumption area of refrigerant. And its consumption share of refrigerant is responsible for 356.3 K MT in the world in 2015. The Europe, USA and Japan are other major consumption area. The Europe consumes 191.9 K MT and the number in the USA is 135.4 K MT in 2015. Consumption of refrigerant in Japan is smaller than the USA which is about 63 K MT in 2015.
Due to damage to the environment freon achilles heel, the EU implemented a policy of Air Condition without fluoride in early 2004. Many developed countries have also accelerated the R22 (commonly known as freon) phase-out the pace. The United States, Japan and Canada banned R22 in 2010 in new equipment. Currently, the international fluoride ban has become China's largest air-conditioning outlet green barriers, so as the world's "White Kingdom". Now, there are many replacements of R22, such as R410a, R404a and other and these refrigerants have little ozone depletion and are environment-friendly products. In 2013, Europe has begun to ban the R134a refrigerant in new automotive air conditioner and many automotive air conditioner manufacturers choose HFO 1234 yf to replace R134a. And EPA has approved of automotive air conditioner manufacturers using HFO1234yf in Automotive air conditioner.
With the development of eco-friendly refrigerant, we tend to believe that this industry still has a bright future. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
Over the next five years, LPI(LP Information) projects that Refrigerant will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Refrigerant market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
Automotive Air Conditioner
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Navin Fluorine International
Ying Peng Chemical
China Fluoro Technology
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Refrigerant consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Refrigerant market by identifying its various subsegments.
Focuses on the key global Refrigerant manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Refrigerant with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Refrigerant submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.