Global R134A Refrigerant Market Growth 2023-2029

Global R134A Refrigerant Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “R134A Refrigerant Industry Forecast” looks at past sales and reviews total world R134A Refrigerant sales in 2022, providing a comprehensive analysis by region and market sector of projected R134A Refrigerant sales for 2023 through 2029. With R134A Refrigerant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world R134A Refrigerant industry.
This Insight Report provides a comprehensive analysis of the global R134A Refrigerant landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on R134A Refrigerant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global R134A Refrigerant market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for R134A Refrigerant and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global R134A Refrigerant.
The global R134A Refrigerant market size is projected to grow from US$ 135.1 million in 2022 to US$ 75 million in 2029; it is expected to grow at a CAGR of 75 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of R134A Refrigerant market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Tetrachlorethylene Process
Trichlorethylene Process
Segmentation by application
Automotive Air-Conditioning
Commercial Refrigeration Equipment
Domestic Refrigeration Equipment
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mexichem Fluor
Chemours
Honeywell
Linde Gas
Arkema
Juhua Group
Sinochem Taicang Chemical
Bailian
Dongyue Federation
Sanmei
Key Questions Addressed in this Report
What is the 10-year outlook for the global R134A Refrigerant market?
What factors are driving R134A Refrigerant market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do R134A Refrigerant market opportunities vary by end market size?
How does R134A Refrigerant break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.