Refrigerant Companies Market - growth, trends, covid-19 impact, and forecasts (2021 - 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
Companies 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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