HFC Refrigerants Market - Forecast (2022 - 2027)

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HFC Refrigerants MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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• HFC refrigerants market size is forecast to reach
  US2.8 billion by 2027, after growing at a CAGR
  of 1.8 during 2022-2027. HFC stands for
  hydro-fluorocarbons. HFCs are used primarily in
  refrigeration systems worldwide. Some of the most
  commonly used HFC refrigerants are R-404A,
  R-410A, R-32, R-134a, and R-407C. Refrigeration
  and air-conditioning in residential buildings, as
  well as in automobiles, use HFCs. There has been
  steady progress in India, and around the world,
  in phasing down the use of harmful
  climate-damaging hydro-fluorocarbons (HFCs) in
  air conditioners. In spite of the EPA's
  regulations on HFCs temporarily stalling progress
  in the United States, governments and businesses
  around the world are implementing the Kigali
  Amendment to ensure that HFCs, like their
  ozone-depleting predecessors, are phased out.

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• Key Takeaways
• According to The Economist Intelligence Unit
  Limited, using a new econometric model, our
  research shows that cooling equipment sales will
  reach 460m units per year by 2030, an increase of
  18 over 2018.
• The Asia Pacific region is expected to grow at a
  high CAGR of 2.5 during the forecast period.
  China will drive demand in an absolute sense.
  Nevertheless, other markets are expected to grow
  at a faster rate, such as India and Indonesia.
• In 2021 domestic refrigeration and residential AC
  accounted for 62 of total cooling demand. The
  industrial and transport refrigeration sectors
  will grow at a rapid pace during the forecast
  period.

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By Distribution Channel- Segment Analysis The
R32 segments accounted for approximately 25 of
the market share in 2021 and is estimated to grow
at a significant CAGR during the forecast period.
Among the various types of refrigerants, R-32 is
receiving the most attention. The R-32
refrigerant efficiently transports heat and can
reduce electricity consumption by up to 10
percent. Additionally, R-32 has a much lower
global warming potential (GWP) than the
refrigerants commonly used today, such as R-22
and R-410A. Low-temperature refrigeration and air
conditioning applications use R32 as a
replacement for R410A. This is one of the
hydrofluorocarbons with a low GWP. Air
conditioning split units use the R-32 (although
the charge size must meet EN378 requirements).
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• HFC Refrigerants Industry Outlook 
• Honeywell International,
• Zhejiang Juhua,
• Chemours
• Arkema
• Daikin
• Mexichem
• Linde
• Dongyue Group
• Sanmei
• Sinochem Group
• Meilan Chemical

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HFC Refrigerants Market Forecast (2022 -
2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/1293
/hfc-refrigerants-market-analysis.html
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  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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