The global HFC Refrigerant market was valued at US$ 3717.5 million in 2022 and is projected to reach US$ 4561.7 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Refrigerants are generally in the fluid form and are used in a heat pump or refrigeration process. They primarily are of three types: Chlorofluorocarbons (CFC), Hydro chlorofluorocarbons (HCFC), and Hydro-fluorocarbons (HFC). All these types are believed to be hazardous to environment. HFCs are third generation of CFCs which do not deplete ozone layer, but are potentially greenhouse gases.
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Hydrofluorocarbon (HFC), any of several organic compounds composed of hydrogen, fluorine, and carbon. HFCs are produced synthetically and are used primarily as refrigerants. They became widely used for this purpose beginning in the late 1980s, with the introduction of the Montreal Protocol, which phased out the use of chemicals such as halons and chlorofluorocarbons (CFCs) that contribute to the depletion of Earth’s ozone layer. However, while HFCs have an ozone depletion potential of zero, they are potent greenhouse gases, and thus their manufacture and use became increasingly regulated in the 21st century.
In general, HFCs are relatively nonflammable, chemically stable, and nonreactive. Many are colorless, odorless gases, but some—such as HFC-365mfc (1, 1, 1, 3, 3-pentafluorobutane)—are liquids at room temperature. As refrigerants, HFCs are used in a wide variety of cooling systems, from refrigerators and freezers to automotive air-conditioning units. HFCs are also used as blowing agents in the production of polymer foams; as firefighting agents (having replaced halons); as solvents in cleaning products for plastics and metals and in plasma etching for semiconductor technology; and as propellants in metered-dose inhalers prescribed for the treatment of asthma.
The most popular hydro-fluorocarbon (HFC) refrigerants for new commercial Air Conditioner systems include R-410A and R-135a.
This report aims to provide a comprehensive presentation of the global market for HFC Refrigerant, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HFC Refrigerant.
This report contains market size and forecasts of HFC Refrigerant in global, including the following market information:
Global HFC Refrigerant Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global HFC Refrigerant Market Sales, 2018-2023, 2024-2030, (Kiloton)
Global top five HFC Refrigerant companies in 2022 (%)
Global major players of HFC refrigerant are Chemours, Arkema, Daikin.The top 5 companies hold a share about 50%.China is the largest market, with a share about 30%, followed by North America and Europe with the share about 27% and 20%.In terms of product, R-134a is the largest segment, with a share about 36%. And in terms of application, the largest application is air conditioner, followed by automotive air conditioner.
We surveyed the HFC Refrigerant manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HFC Refrigerant Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (Kiloton)
Global HFC Refrigerant Market Segment Percentages, by Type, 2022 (%)
R12
R22
R23
Other
Global HFC Refrigerant Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (Kiloton)
Global HFC Refrigerant Market Segment Percentages, by Application, 2022 (%)
Air Condition
Automotive Air Conditioner
Refrigerator
Others
Global HFC Refrigerant Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (Kiloton)
Global HFC Refrigerant Market Segment Percentages, By Region and Country, 2022 (%)
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies HFC Refrigerant revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies HFC Refrigerant revenues share in global market, 2022 (%)
Key companies HFC Refrigerant sales in global market, 2018-2023 (Estimated), (Kiloton)
Key companies HFC Refrigerant sales share in global market, 2022 (%)
key players include:
Chemours
Honeywell
Mexichem
Daikin
Arkema
Linde
Navin Fluorine International
GFL
Dongyue Group
Zhejiang Juhua
Meilan Chemical
Sanmei
3F
Yuean Chemical
Ying Peng Chemical
Yonghe Refrigerant
Limin Chemicals
China Fluoro Technology
Outline of Major Chapters:
Chapter 1: Introduces the definition of HFC Refrigerant, market overview.
Chapter 2: Global HFC Refrigerant market size in revenue and volume.
Chapter 3: Detailed analysis of HFC Refrigerant manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of HFC Refrigerant in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global HFC Refrigerant capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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Table of content
1 Introduction to Research & Analysis Reports1.1 HFC Refrigerant Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global HFC Refrigerant Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global HFC Refrigerant Overall Market Size2.1 Global HFC Refrigerant Market Size: 2022 VS 20302.2 Global HFC Refrigerant Revenue, Prospects & Forecasts: 2018-20302.3 Global HFC Refrigerant Sales: 2018-20303 Company Landscape3.1 Top HFC Refrigerant Players in Global Market3.2 Top Global HFC Refrigerant Companies Ranked by Revenue3.3 Global HFC Refrigerant Revenue by Companies3.4 Global HFC Refrigerant Sales by Companies3.5 Global HFC Refrigerant Price by Manufacturer (2018-2023)3.6 Top 3 and Top 5 HFC Refrigerant Companies in Global Market, by Revenue in 20223.7 Global Manufacturers HFC Refrigerant Product Type3.8 Tier 1, Tier 2 and Tier 3 HFC Refrigerant Players in Global Market3.8.1 List of Global Tier 1 HFC Refrigerant Companies3.8.2 List of Global Tier 2 and Tier 3 HFC Refrigerant Companies4 Sights by Product4.1 Overview4.1.1 By Type - Global HFC Refrigerant Market Size Markets, 2022 & 20304.1.2 R12
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