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
Market 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.
Market
Scenario
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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