HCFC Refrigerant Market
Global HCFC Refrigerant Market Size, Share & Trends Analysis Report by Refrigerant Type (R-22, R-124, and R-142B), by Blend Type (R-401A, R-401B, R-401C, and Others), and by Application (Refrigeration and Air Conditioning) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global HCFC refrigerant market is anticipated to grow at a significant CAGR of 4.1% during the forecast period. According to the United States Environment Protection Agency, in 2010, R-22 and HCFC-142b are the next two HCFCs that the United States will stage out. From January 1, 2010 restriction has been imposed on the production, import, and utilization of R-22 and HCFC-142b, aside from continuing servicing required for the existing equipment. Since January 1, 2015, a ban on the production, import, and utilization of all HCFCs, aside from keeping adjusting requirements of refrigeration hardware was imposed. Since January 1, 2020, the R-22 will rely on recycled or stockpiled quantities, and by the end of 2030, the HCFCs will impose a ban on the remaining production and import of all HCFCs.
Impact of COVID-19 Pandemic on Global HCFC Refrigerant Market
The spread of the COVID-19 pandemic made a big impact not only on the people but also became a global concern. After mid-February, refrigerant manufacturers resumed production slowly but insufficiently. Meanwhile, due to the limited raw material production and lack of domestic infrastructure, obtaining raw materials becomes very difficult. Almost all refrigerants have increased in price, especially R134a, R32, and R143. Whereas for the other blended HCFC, the price is more stable.
Segmental Outlook
The global HCFC refrigerant market is segmented based on refrigerant type, blend type, and application. Based on the refrigerant type, the market is segmented into R-22, R-124, and R-142B. Based on the blend type, the market is sub-segmented into R-401A, R-401B, R-401C, and Others. Based on the application, the market is divided into refrigeration and air conditioning. Further, refrigeration is divided into domestic, commercial, transportation, and industrial. Air conditioning is further segmented into domestic, commercial, transportation, industrial, and others (stationary air conditioning and mobile air conditioning). The above-mentioned segments can be customized as per the requirements. Among the refrigerant type, the R-22 is expected to hold a remarkable share in the market over the forecast period. It reduces the emission of ozone-depleting substances, which will protect the ozone layer and saves energy, and reduce greenhouse gas emissions.
Global HCFC Refrigerant Market Share by Application, 2021 (%)
The Refrigerant Segment is Expected to Hold a Significant Share in the Global HCFC Refrigerant Market over the Forecast
Among the application, the refrigerant segment is expected to hold a significant share in the market over the forecast period. Due to the fact, that it has applications in both air conditioning and commercial and industrial refrigeration. Moreover, they are low-cost, widely available, and efficient. They also have zero ozone depletion potential. Despite their flammability, they are increasingly used in domestic refrigerators and heat pumps.
Regional Outlooks
The global HCFC Refrigerant market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among all regions, the Europe region is expected to hold a considerable share in the market over the forecast period. European Union has adopted measures, which go way beyond the requirements of the Montreal Protocol, and has actively promoted R&D for alternatives.
Global HCFC Refrigerant Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold a Significant Share in the Global HCFC Refrigerant Market.
Based on regional analysis, the Asia Pacific region is expected to hold a significant share in the market over the forecast period, owing to increasing demand for refrigeration, air conditioners, and cooling systems, growing use of HFCs in air conditioners of new automotive vehicles, rising disposable income, and rapid urbanization in the region.
Market Players Outlook
The major companies serving the global HCFC refrigerant market include Daikin Industries, Ltd., Honeywell International Inc., Jiangsu Bluestar Green Technology Co., Ltd, Jiangsu Meilan Chemical Co., Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, CIAT, a part of Carrier Global Corporation, introduced a new range of VectiosPower rooftop air conditioning units operating on R-454B refrigerant, offering customers an optimum application solution. With a GWP of 466, R-454B’s overall carbon footprint is more than 80% lower than HFC R-410A, the refrigerant it replaces. Moreover, VectiosPower operating on R-454B offers all the space-saving and low noise benefits of the previous generation, while using the best refrigerant for rooftop applications, reducing environmental impact, and delivering higher efficiencies and lower operating costs.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global HCFC refrigerant market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global HCFC Refrigerant Market
• Recovery Scenario of Global HCFC Refrigerant Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global HCFC Refrigerant Market by Refrigerant Type
4.1.1. R-22
4.1.2. R-124
4.1.3. R-142B
4.2. Global HCFC Refrigerant Market by Blend Type
4.2.1. R-401A
4.2.2. R-401B
4.2.3. R-401C
4.2.4. Others
4.3. Global HCFC Refrigerant Market by Application
4.3.1. Refrigeration
4.3.1.1. Domestic
4.3.1.2. Commercial
4.3.1.3. Transportation
4.3.1.4. Industrial
4.3.2. Air Conditioning
4.3.2.1. Domestic
4.3.2.2. Commercial
4.3.2.3. Transportation
4.3.2.4. Industrial
4.3.2.5. Others (Stationary Air Conditioning, Mobile Air Conditioning)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Arkema S.A.
6.2. Changshu 3F Zhonghao New Chemical Materials Co., Ltd.
6.3. Chemours
6.4. Daikin Industries, Ltd.
6.5. Dongyue Group
6.6. Foam Supplies, Inc.
6.7. Gujarat Fluorochemicals Ltd.
6.8. Harp International Ltd.
6.9. Honeywell International Inc.
6.10. Jiangsu Bluestar Green Technology Co., Ltd.
6.11. Jiangsu Meilan Chemical Co., Ltd.
6.12. Koura
6.13. Linde Plc
6.14. National Refrigerants, Inc.
6.15. Navin Fluorine International Ltd.
6.16. Quimobasicos S.A De C.V.
6.17. SCHARR CPC GmbH
6.18. Shandong Yue'an Chemical Co., Ltd.
6.19. Sinochem Group
6.20. SRF Ltd.
6.21. Yingpeng Chemical Co. Ltd.
6.22. Zhengjiang Yonghe Refrigerant Co. Ltd.
1. GLOBAL HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REFRIGERANT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL R-22 HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL R-124 HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL R-142B HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY BLEND TYPE, 2021-2028 ($ MILLION)
6. GLOBAL R-401A HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL R-401B HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL R-401C HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL OTHERS HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
11. GLOBAL HCFC REFRIGERANT FOR REFRIGERATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL HCFC REFRIGERANT FOR AIR CONDITIONING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REFRIGERANT TYPE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY BLEND TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. EUROPEAN HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REFRIGERANT TYPE, 2021-2028 ($ MILLION)
20. EUROPEAN HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY BLEND TYPE, 2021-2028 ($ MILLION)
21. EUROPEAN HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REFRIGERANT TYPE, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY BLEND TYPE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. REST OF THE WORLD HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY REFRIGERANT TYPE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY BLEND TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD HCFC REFRIGERANT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL HCFC REFRIGERANT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL HCFC REFRIGERANT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL HCFC REFRIGERANT MARKET, 2021-2028 (%)
4. GLOBAL HCFC REFRIGERANT MARKET SHARE BY REFRIGERANT TYPE, 2021 VS 2028 (%)
5. GLOBAL R-22 HCFC REFRIGERANT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL R-124 HCFC REFRIGERANT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL R-142B HCFC REFRIGERANT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL HCFC REFRIGERANT MARKET SHARE BY BLEND TYPE, 2021 VS 2028 (%)
9. GLOBAL R-401A HCFC REFRIGERANT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL R-401B HCFC REFRIGERANT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL R-401C HCFC REFRIGERANT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL OTHERS HCFC REFRIGERANT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL HCFC REFRIGERANT MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
14. GLOBAL HCFC REFRIGERANT FOR REFRIGERATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL HCFC REFRIGERANT FOR DOMESTIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL HCFC REFRIGERANT FOR COMMERCIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL HCFC REFRIGERANT FOR TRANSPORTATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL HCFC REFRIGERANT FOR INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL HCFC REFRIGERANT FOR AIR CONDITIONING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL HCFC REFRIGERANT FOR DOMESTIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL HCFC REFRIGERANT FOR COMMERCIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL HCFC REFRIGERANT FOR TRANSPORTATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. GLOBAL HCFC REFRIGERANT FOR INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24. GLOBAL HCFC REFRIGERANT FOR OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
25. GLOBAL HCFC REFRIGERANT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
26. US HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
27. CANADA HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
28. UK HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
29. FRANCE HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
30. GERMANY HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
31. ITALY HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
32. SPAIN HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF EUROPE HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
34. INDIA HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
35. CHINA HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
36. JAPAN HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
37. SOUTH KOREA HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
38. REST OF ASIA-PACIFIC HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
39. REST OF THE WORLD HCFC REFRIGERANT MARKET SIZE, 2021-2028 ($ MILLION)
