Global R134A Refrigerant Market Research Report 2023(Status and Outlook)

Global R134A Refrigerant Market Research Report 2023(Status and Outlook)

Report Overview

R134a is also known as tetrafluoroethane (CF3CH2F) from the family of HFC refrigerant. It exists in gas form when expose to the environment as the boiling temperature is -14.9°F or -26.1°C. R134a refrigerant is now being used as a replacement for R-12 CFC refrigerant in the area of centrifugal, rotary screw, scroll and reciprocating compressors. It is not 100% compatible with the lubricants and mineral-based refrigerant currently used in R-12. Design changes to the condenser and evaporator need to be done to use this refrigerant. R134a refrigerant is safe for normal handling as it is non-toxic, non-flammable and non-corrosive.

Global R134A Refrigerant key players include Juhua Group, Sanmei, Mexichem Fluor, Sinochem Taicang Chemical, Chemours, etc. Global top five manufacturers hold a share about 50%. Asia-Pacific is the largest market, with a share about 55%, followed by North America, with a share about 25 percent. In terms of product, Trichlorethylene Process is the largest segment, with a share about 90%. And in terms of application, the largest application is Automotive Air-Conditioning, followed by Commercial Refrigeration Equipment , Domestic Refrigeration Equipment, etc.

The Global R134A Refrigerant Market Size was estimated at USD 150.30 million in 2022 and is projected to reach USD 85.13 million by 2029, exhibiting a CAGR of -7.80% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global R134A Refrigerant market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global R134A Refrigerant Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the R134A Refrigerant market in any manner.

Global R134A Refrigerant Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Mexichem Fluor

Chemours

Honeywell

Linde Gas

Arkema

Juhua Group

Sinochem Taicang Chemical

Bailian

Dongyue Federation

Sanmei

Market Segmentation (by Type)

Tetrachlorethylene Process

Trichlorethylene Process

Market Segmentation (by Application)

Respiratory Devices

Patient Monitors Devices

Diagnostics/Analystical Equipment

Surgical Instruments

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the R134A Refrigerant Market

Overview of the regional outlook of the R134A Refrigerant Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors