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Refrigerant Market Trends

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Report ID: 3074
Published Date: Sep 23, 2024
Report Format: PDF, PPT

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Refrigerant Market Trends

Growth Drivers

Rising Demand for Chillers and Freezers
Growing Automotive Industry and Consumer Electronics Sector

Challenges

Stringent Government Regulations for the Use of Refrigerants

Refrigerants Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	7.8%
Base Year Market Size (2023)	USD 24.39 billion
Forecast Year Market Size (2036)	USD 64.75 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Refrigerants Market Size & Share, Growth Forecast 2036

Author Credits: Richa Gupta

Report ID: 3074
Published Date: Sep 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand for chillers and freezers, along with the growing automotive industry and consumer electronics sector, are some of the major factors driving the market growth.

The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021-2029.

Restrictions in the use of several refrigerants is one of the major factors estimated to act as barriers to the growth of the market.

The market in the Asia Pacific is anticipated to grow with the highest CAGR during the forecast period on account of the presence of several countries in the region that fall under the temperate region, and hence require cooling equipment.

The major companies in the market are DuPont de Nemours, Inc., Honeywell International Inc., Airgas, Inc., Arkema Group, Air Liquide advanced Technologies, Shandong Dongyue Chemical Co., and others.

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