The global HCFC refrigerant market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The various key development and launches by players across the globe are surging the market growth over the forecast period. For instance, in April 2021, Honeywell announced that global natural and organic foods retailer Whole Foods Market has adopted its Solstice N40 (R-448A) lower global-warming-potential (GWP) refrigerant in its stores across the United States as it seeks to reduce refrigerant emissions under the U.S. Environmental Protection Agency’s GreenChill program. Whole Foods Market will retrofit their commercial refrigeration systems at more than 100 stores with Honeywell’s reduced-GWP alternative, replacing high-global-warming-potential refrigerants R-404A and R-22.
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For instance, in October 2019, Honeywell launched a first-of-its-kind application to combat counterfeit refrigerants in the Middle East region. The new app, named after Honeywell’s Genetron brand of refrigerants, provides proof of authenticity to customers across the region and directs access to important resources for end-users. It was unveiled at a customer event at Honeywell headquarters in Dubai. Genetron branded products have been a target for counterfeiters in the Middle East region. Fake refrigerants can cause a variety of issues, ranging from increased energy use and decreased cooling performance, to significantly reducing the operating life of systems and causing injury and equipment failures.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Refrigerant Type
o By Blend Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Daikin Industries, Ltd., Honeywell International Inc., Jiangsu Bluestar Green Technology Co., Ltd, Jiangsu Meilan Chemical Co., Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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HCFC Refrigerant Market Segmentation
By Refrigerant Type
- R-22
- R-124
- R-142B
By Blend Type
- R-401A
- R-401B
- R-401C
- Others
By Application
- Refrigeration
- Domestic
- Commercial
- Transportation
- Industrial
- Air Conditioning
- Domestic
- Commercial
- Transportation
- Industrial
- Others (Stationary Air Conditioning, Mobile Air Conditioning)
Regional Analysis
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Arkema S.A.
- Changshu 3F Zhonghao New Chemical Materials Co., Ltd.
- Chemours
- Daikin Industries, Ltd.
- Dongyue Group
- Foam Supplies, Inc.
- Gujarat Fluorochemicals Ltd.
- Harp International Ltd.
- Honeywell International Inc.
- Jiangsu Bluestar Green Technology Co., Ltd.
- Jiangsu Meilan Chemical Co., Ltd.
- Koura
- Linde Plc
- National Refrigerants, Inc.
- Navin Fluorine International Ltd.
- Quimobasicos S.A De C.V.
- SCHARR CPC GmbH
- Shandong Yue’an Chemical Co., Ltd.
- Sinochem Group
- SRF Ltd.
- Yingpeng Chemical Co. Ltd.
- Zhengjiang Yonghe Refrigerant Co. Ltd.
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