Refrigerant Market Size, Trend and Forecast, Survey and Forecast Report 2027
Competitive Landscape
The
Precipitated Silica report analyses the degree of competition among the key
manufacturers as well as industry growth and market scenario. The global
Precipitated Silica market consist of various players operating in the market
including large scale and medium size producers. The key market players
operating in the global precipitated silica are competing amongst each other in
terms of product differentiation. Competition in the market is predicted to
stay moderate in the upcoming years on account of revision of emission norms.
Moreover, the company is focusing on enhancing their product portfolio by
strategic acquisition and mergers, joint ventures, and exclusive agreements.
Some of the companies are expanding their production capacity to raise the
circulation of products.
Market
Segmentation
The global
refrigerant market is segmented by type, application, and region.
On
the basis of the type, the global refrigerant
market is segmented into natural refrigerants and synthetic refrigerants.
Natural refrigerants are further segmented into organic/hydrocarbons and
inorganic refrigerants. Hydrocarbons are further segmented into propane,
n-butane, iso-butane, and others. Similarly, inorganic hydrocarbons are also
sub-segmented into ammonia, CO2, water, and others. Synthetic
refrigerants/fluorocarbons are segmented into two types namely pure
fluorocarbons and fluorocarbon blends. Pure fluorocarbons are further segmented
into chlorofluorocarbons (CFCs), hydrofluorocarbons (HCFCs), hydrofluorocarbons
(HFCs), hydrofluoro Olefins (HFO) and others. Similarly, fluorocarbon blends
are also segmented into two type’s, i.e., azeotropic and zeotropic
(non-azeotropic). HFC, HFO, HFC/HFO blends and natural refrigerants are expected
to witness high growth during the forecast period, 2017-2023 due to their
eco-friendly properties, low GWP, and low ODS potential compared to synthetic
counterparts.
On
the basis of the application, the global refrigerant is segmented into
refrigerators, air conditioners, chillers/heat pump, and others. Refrigerators
are sub-segmented into domestic refrigerators, commercial refrigerators (medium
scale), industrial & supermarket refrigerator (large scale), and transport
refrigerator. Air conditioners (AC) are further segmented into centralized AC,
split AC, window AC, portable AC, and hybrid AC. Air conditioners are
projected to be the largest market for refrigerants in the forecast period due
to the rising disposable incomes; rising standard of living, rapid
technological advancements, and upcoming infrastructure projects on transport
networks, and commercial & residential projects in the emerging economies.
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Regional
Analysis
The
global refrigerant market is spanned across five regions namely Asia Pacific,
North America, Europe, Latin America, and the Middle East and Africa. Asia
Pacific is the major region in the global market. The Middle East & Africa
is expected to show rising demand over the forecast period. North America and
Europe is expected to show steady demand, which is further trailed by Latin
America. Rising disposable income, changing lifestyle, upcoming transportation,
domestic & commercial projects in the emerging economies are primarily
driving the demand for air conditioners and refrigerators. Therefore, it is positively
impacting the global refrigerant market. Furthermore, growing industrialization
across the globe is expected to drive the demand for chillers/heat pump.
Refrigerant
is a substance used as a medium of heat transfer, which picks up the heat by
evaporating at a low temperature and pressure. It gives up the heat on
condensing at a higher temperature & pressure, and coverts back to the gas
phase in the refrigeration cycle. Refrigerants are designated by R followed by
a unique number.
Competitive
Analysis
Some
of the key players in the global refrigerant market are DAIKIN INDUSTRIES, Ltd.
(Japan), The Chemours Company. (U.S.), Honeywell International Inc. (U.S.),
Arkema S.A. (France), Dongyue Group Co. Ltd (China), Asahi Glass Co., Ltd.
(Japan), Sinochem Group (China), Mexichem S.A.B. de C.V. (Mexico), The Linde
Group (Germany), SRF Limited (India), and DowDuPont Inc. (U.S.).
Key
Players:
Evonik
Industries AG, Solvay S.A, Tosoh Silica Corporation, PPG industries, Zheng Yuan
Chemical, Oriental Silicas Corporation, W.R. Grace & Co, Huber Engineered
Materials, Anten Chemical, Madhu Silicate among others are some of the
prominent players at the forefront of competition in the Global Precipitated
Silica Market and are profiled in MRFR Analysis.
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