November 27, 2019
According to research report titled ‘Global Refrigerant Gases Market (Value, Volume) By Type (Fluorocarbon, Hydrocarbon, Inorganic), By Application (Refrigerators, ACs, Chillers, Heat Pumps), By Region, By Country: Opportunities and Forecasts (2018-2023) - By Region (North America, South America, Europe, APAC, MEA), By Country (US, Canada, Mexico, Brazil, Argentina, Germany, France, UK, China, India, Australia, Japan, Saudi Arabia, UAE, South Africa)’ available at MarketStudyReport.com, the global refrigerant gases market is estimated to grow with a CAGR of 4.69% during the period of 2018-2023.
Rising disposable income in emerging economies is enabling the consumers to opt for refrigerators and air conditioners, which is driving the growth of the global refrigerant gases market. Growing concerns regarding ozone layer depletion and surging need for environment friendly refrigerants due to strict federal reforms will augment the demand refrigerant gases, hence augmenting market outlook.
As per type, refrigerant gases market is divided into hydrocarbons, fluorocarbons, and inorganic refrigerants. According to the report, fluorocarbon segment dominated the market in 2018, due to widespread acceptance of Kyoto and Montreal protocols of using environment friendly HFO gases instead of HFCs and HCFC.
Considering the geographical landscape, the global refrigerant gases market is divided into regions namely Europe, North America, South America, Asia-Pacific, and rest of world with key focus on countries such as Canada, US, Mexico, Argentina, Brazil, France, Germany, UK, India, China, Saudi Arabia, South Africa, UAE, Australia, and Japan.
The report cites that APAC refrigerant gases market held the largest share in 2018, owing to growing industrial and commercial sector in developing nations, along with rising refrigerator and air conditioner market penetration.
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The key players in the global refrigerant gases market are Daikin Industries Ltd., SRF Limited, Arkema S.A., Honeywell International, Inc., Linde Group, Praxair, Inc., and The Chemours Company.
The research report on refrigerant gases market focusses on product portfolio and delivers market development strategies which facilitates entrepreneurs to evaluate their investments thoroughly. The competitive landscape of the report is based on product benchmarking, Porter’s five force analysis, and SWOT analysis. It also provides details about market share of various leading refrigerant producing companies.
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