One Component Polyurethane Foam Market - Global Forecast to 2022

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Refrigerants Market worth 31.0 billion by 2023
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Pages and in-depth TOC on " Refrigerants Market "
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The refrigerants market size is estimated to be
USD 22.9 billion in 2018 and is projected reach
USD 31.0 billion by 2023, at a CAGR of 6.2
between 2018 and 2023.
The market is mainly driven by the rising demand
for refrigerants from the applications domestic,
commercial, and industrial refrigeration
chillers window, split, VRF, and other
air-conditioning systems and MAC. Growing demand
for refrigerants in upcoming applications has
created various opportunities for its
manufacturers. APAC is the key market for
refrigerants, globally, followed by North America
and Europe, in terms of volume. One of the
primary drivers of the market is the increasing
demand for consumer appliances in these regions.
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Split ACs application is expected to be the
largest application during the forecast period
On the basis of application, the refrigerants
market has been segmented into domestic,
commercial, industrial refrigeration chillers
window, split, VRF, and other air-conditioning
systems and MAC. The increased consumption of
refrigerants in split ACs is attributed to the
growing construction industry in APAC. The
construction output of the APAC countries is
increasing gradually due to the growing
population and the increased number of nuclear
families. In addition, the increasing purchasing
power of the middle-class population and rising
standards of living are driving the industry.
These factors are expected to fuel the
refrigerants market between 2018 and 2023.
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Recent Developments

• In May 2018, Arkema SA (France) developed Forane
  449A, with low GWP levels and compatible with
  systems using R404A/507A.
• In February 2017, The Chemours Company invested
  USD 230 million to open a new production facility
  in Texas, US. The site is expected to triple the
  capacity of Opteon products.
• In October 2016, The Chemours Company (US)
  expanded its product portfolio by the launch of a
  new product line under the Opteon XL series. The
  refrigerants will have applications in
  refrigeration and air-conditioning systems.
• In November 2015, The Chemours Company along with
  Changsu 3F Zhanghao opened a full-scale
  production facility in Changsu, China. The plant
  will manufacture HFO1336 mzz, which have very
  low GWP ratings.

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The major players in the Refrigerants Market are,

• Arkema S.A. (France)
• Dongyue Group Co. Ltd. (China)
• Honeywell International Inc. (US)
• The Chemours Company (US)
• The Linde Group (Ireland)
• Air Liquide (Framce)
• Sinochem Lantian Co. Ltd. (China)
• Daikin Industries (Japan)
• Mexichem (Mexico)
• Asahi Glass Corporation (Japan)

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