Global Automotive Refrigerant Market 2024-2028
The automotive refrigerant market is forecasted to grow by USD 1.57 bn during 2023-2028, accelerating at a CAGR of 9.1% during the forecast period. The report on the automotive refrigerant market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by higher time spent inside vehicles pushing demand for cabin comfort features, the growing popularity of automotive thermal systems pushing refrigerant consumption, and the rise in safety and comfort due to the adoption of HVAC systems.
Technavio's automotive refrigerant market is segmented as below:
By Vehicle Type
- Passenger car
- Commercial vehicle
By Type
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing preference for R-1234yf refrigerant as one of the prime reasons driving the automotive refrigerant market growth during the next few years. Also, the development of CO2 refrigerants for automotive HVAC systems and the growing popularity of multi-zone climate control systems will lead to sizable demand in the market.
The report on the automotive refrigerant market covers the following areas:
- Automotive refrigerant market sizing
- Automotive refrigerant market forecast
- Automotive refrigerant market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive refrigerant market vendors that include AGC Inc., Air International Thermal Systems, Arkema Group, Daikin Industries Ltd., DENSO Corp., Dongyue Group Ltd., DuPont de Nemours Inc., Enviro-Safe Refrigerants, Inc, Hanon Systems, HELLA GmbH and Co. KGaA, Hitachi Ltd., Honeywell International Inc., Johnson Electric Holdings Ltd., MAHLE GmbH, National Refrigerants Inc., Sinochem Group Co. Ltd., The Chemours Co., Linde Plc, Toyota Industries Corp., and Valeo SA. Also, the automotive refrigerant market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.