Global HFC Refrigerant Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global HFC Refrigerant Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Refrigerants are generally in the fluid form and are used in a heat pump or refrigeration process. They primarily are of three types: Chlorofluorocarbons (CFC), Hydro chlorofluorocarbons (HCFC), and Hydro-fluorocarbons (HFC). All these types are believed to be hazardous to environment. HFCs are third generation of CFCs which do not deplete ozone layer, but are potentially greenhouse gases.

Hydrofluorocarbon (HFC), any of several organic compounds composed of hydrogen, fluorine, and carbon. HFCs are produced synthetically and are used primarily as refrigerants. They became widely used for this purpose beginning in the late 1980s, with the introduction of the Montreal Protocol, which phased out the use of chemicals such as halons and chlorofluorocarbons (CFCs) that contribute to the depletion of Earth’s ozone layer. However, while HFCs have an ozone depletion potential of zero, they are potent greenhouse gases, and thus their manufacture and use became increasingly regulated in the 21st century.

In general, HFCs are relatively nonflammable, chemically stable, and nonreactive. Many are colorless, odorless gases, but some—such as HFC-365mfc (1, 1, 1, 3, 3-pentafluorobutane)—are liquids at room temperature. As refrigerants, HFCs are used in a wide variety of cooling systems, from refrigerators and freezers to automotive air-conditioning units. HFCs are also used as blowing agents in the production of polymer foams; as firefighting agents (having replaced halons); as solvents in cleaning products for plastics and metals and in plasma etching for semiconductor technology; and as propellants in metered-dose inhalers prescribed for the treatment of asthma.

The most popular hydro-fluorocarbon (HFC) refrigerants for new commercial Air Conditioner systems include R-410A and R-134a.

According to our (Global Info Research) latest study, the global HFC Refrigerant market size was valued at US$ 3498 million in 2023 and is forecast to a readjusted size of USD 2394 million by 2030 with a CAGR of -5.3% during review period.

Global major players of HFC refrigerant are Chemours, Arkema, Daikin.The top 5 companies hold a share about 50%.China is the largest market, with a share about 30%, followed by North America and Europe with the share about 27% and 20%.In terms of product, R-134a is the largest segment, with a share about 35%. And in terms of application, the largest application is air conditioner, followed by automotive air conditioner.

This report is a detailed and comprehensive analysis for global HFC Refrigerant market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global HFC Refrigerant market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global HFC Refrigerant market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global HFC Refrigerant market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2019-2030

Global HFC Refrigerant market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for HFC Refrigerant

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global HFC Refrigerant market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Orbia, Zhejiang Juhua, Chemours, Arkema, Sanmei, Daikin, Honeywell, Dongyue Group, Sinochem Group, Meilan Chemical, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

HFC Refrigerant market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
R-32
R-134a
R-410A
Others

Market segment by Application
Air Condition
Automotive Air Conditioner
Refrigerator
Others

Major players covered
Orbia
Zhejiang Juhua
Chemours
Arkema
Sanmei
Daikin
Honeywell
Dongyue Group
Sinochem Group
Meilan Chemical
Linde

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe HFC Refrigerant product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of HFC Refrigerant, with price, sales quantity, revenue, and global market share of HFC Refrigerant from 2019 to 2024.

Chapter 3, the HFC Refrigerant competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the HFC Refrigerant breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and HFC Refrigerant market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of HFC Refrigerant.

Chapter 14 and 15, to describe HFC Refrigerant sales channel, distributors, customers, research findings and conclusion.