The Global Refrigerants Market Report by The Business Research Company covers refrigerants market drivers and restraints, refrigerants market size, major players, and the impact of COVID-19 on the refrigerants market.

The refrigerants market consists of sales of refrigerants by entities (organizations, sole traders, and partnerships) that can be used as primary working fluids in absorption refrigeration systems or as secondary fluids to transmit thermal energy from one medium to the other. A refrigerant is a chemical blend of fluids that serves as a cooling agent in heat pumps and refrigeration cycles. It operates on the concept of phase transition, which converts liquid to gas and vice versa at varying temperatures.

The global refrigerants market is expected to grow from $18.10 billion in 2020 to $20.02 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The refrigerants market is expected to reach $28.30 billion in 2025 at a CAGR of 9%.

The rising demand for air conditioning is expected to drive the growth of the refrigerants market in the coming years. The increasing temperature globally increased the demand for cooling systems.

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Some refrigerants market trends include growing technological advancements. Major players operating in the refrigerants sector are focused on developing technological solutions for refrigerants to strengthen their position.

Global refrigerants market segments include:

1) By Type: Halocarbons, Azeotropic, Zeotropic, Inorganic Refrigerants, Hydrocarbons, Others

2) By Application: Air Conditioners, Refrigerators, Chillers, Heat Pumps, Electronics Devices, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Refrigerants Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides refrigerants market overviews, analyzes and forecasts market size, share, refrigerants market players, refrigerants market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The refrigerants identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Refrigerants Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Arkema SA, Dongyue Group Co Ltd, Honeywell International Inc, The Chemours Company, Daikin Industries, Gujarat Fluorochemicals Limited, and Navin Fluorine International Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Refrigerants Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Refrigerants Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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