Refrigerant Market Analysis

The market is segmented on the basis of product type into fluorocarbons, inorganic, hydrocarbons and others. Among these segments, the fluorocarbons segment is estimated to hold the largest market share by the end of 2029. The growth of the segment can be attributed primarily to the wide application of hydrofluorocarbons in air conditioning applications, as well as for the environmentally friendly properties of these chemicals. Fluorocarbons, as compared to other refrigerant types, are less toxic and also are non-flammable. Moreover, these chemical compounds do not contribute to the depletion of ozone layers and is less harmful for the atmosphere.

Our in-depth analysis of the global market includes the following segments: