Chemical and Materials

Image

Europe Refrigerant Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Aug 2023
  • Europe
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Europe Refrigerant Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 3.28 Billion
Diagram Market Size (Forecast Year) USD 4.66 Billion
Diagram CAGR %

Europe Refrigerant Market, By Type (HCFCs, HFCs, HFOs, Isobutane, Propane, Ammonia, Carbon Dioxide, Others), Application (Refrigerators, Large-Scale Refrigerators, Chillers, Air Conditioners, Heat Pumps and Others), Industry (Domestic Household Refrigeration, Light Commercial Refrigeration, Commercial Racks and Condensing Units, Industrial Refrigeration) – Industry Trends and Forecast to 2030.

Europe Refrigerant Market Analysis and Size

The increase in demand for consumer appliances across the globe acts as one of the major factors driving the growth of the refrigerant market. The rise in the demand for better maintenance of industrial equipment that requires cold surroundings across various manufacturing units, and the high demand for domestic air conditioning systems, owing to the significant rise in per capita disposable incomes accelerate the market growth.  The rise in the demand for absorption chillers in oil & gas refineries, and continuous advancements in the cold chain sector further influence the market. Additionally, the presence of various compliances, expansion of various end-use industries, and high disposable income positively affect the refrigerant market. Furthermore, the rise in demand for natural refrigerants extends profitable opportunities to the market players in the forecast period.

The Europe refrigerant market was valued at USD 3.28 Billion in 2022 and is expected to reach USD 4.66 Billion by 2030, registering a CAGR of 4.50% during the forecast period of 2023-2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Refrigerant Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015- 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (HCFCs, HFCs, HFOs, Isobutane, Propane, Ammonia, Carbon Dioxide, Others), Application (Refrigerators, Large-Scale Refrigerators, Chillers, Air Conditioners, Heat Pumps, and Others), Industry (Domestic Household Refrigeration, Light Commercial Refrigeration, Commercial Racks, and Condensing Units, Industrial Refrigeration)

Countries Covered

Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, and the Rest of Europe)

Market Players Covered

The Chemours Company (United States), Gas Servei (Spain), Gujarat Fluorochemicals Ltd. (India), AGC Inc. (Japan), Quimobasicos SA de CV (Mexico), Linde (Germany), DAIKIN INDUSTRIES, Ltd. (Japan), Mexichem S.A.B. de C.V. (Mexico), Zhejiang Fotech International Co. Ltd. (China), Tazzetti S.p.A. (Italy), SRF Limited (India), Changshu Sanaifu Zhonghao Chemical New Material Co., Ltd. (China), SINOCHEM GROUP CO., LTD. (China), Shandong Yue'an Chemical Co., Ltd (China), Air Liquide and SOL Spa (France), Arkema (France), Dongyue Group (China), Honeywell International, Inc. (United States). among others

Market Opportunities

  • Rise in demand for natural refrigerants
  • Expansion of various end-use industries and high disposable income

Market Definition

Refrigerant refers to a substance that is used for absorbing heat from another required substance. In a refrigerating system, the channel of heat transfer picks up the heat by evaporating at a low temperature and pressure. It provides heat on condensing at a higher temperature and pressure that is done by a fluid which is called a refrigerant.

Europe Refrigerant Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers:

  • Environmental Regulations:

 Stringent environmental regulations, such as the European Union's F-Gas Regulation, drive the transition towards low-global warming potential (GWP) refrigerants in Europe. These regulations restrict the use of high-GWP refrigerants and promote the adoption of more environmentally friendly alternatives.

  • Energy Efficiency Standards:

Increasing emphasis on energy efficiency and sustainability in Europe motivates the demand for energy-efficient refrigeration systems. This drives the need for refrigerants with higher energy efficiency ratings, pushing manufacturers to develop and utilize advanced refrigerant technologies.

Opportunity:

  • The Transition to Natural Refrigerants:

The shift towards natural refrigerants, such as hydrocarbons (e.g., propane, butane, ) and Carbon Dioxide (CO2), presents an opportunity in the European refrigerant market. Natural refrigerants have low GWP and are considered environmentally friendly alternatives to conventional synthetic refrigerants.

Restraint:

  • Retrofitting Challenges:

Retrofitting existing refrigeration systems to accommodate new refrigerants can be a significant restraint in the European market. Some systems may require substantial modifications, including changes to equipment, infrastructure, and safety measures, which can be costly and complex.

Challenge:

  • Phasing out High-GWP Refrigerants:

 The challenge of phasing out high-GWP refrigerants, such as hydrofluorocarbons (HFCs), poses a significant hurdle for the European refrigerant market. Identifying suitable alternatives, ensuring their availability, and managing the transition effectively require careful planning and coordination among stakeholders involved in the refrigeration industry.

This Europe refrigerant market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Refrigerant market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In January 2022, Honeywell Introduces New named olstice® N71 (R-471A) refrigerant, an innovative, new low-global-warming-potential (GWP) refrigerant for commercial and industrial refrigeration that is optimized for supermarkets.

Europe Refrigerant Market Scope

The Europe refrigerant market is segmented on the basis of type, application, and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • HCFCs
  • HFCs
  • HFOs
  • Isobutane
  • Propane
  • Ammonia
  • Carbon Dioxide
  • Others

Application

  • Refrigerators,
  • Large-Scale Refrigerators
  • Chillers
  • Air Conditioners
  • Heat Pumps
  • Others.

Industry

  • Domestic Household Refrigeration,
  • Light Commercial Refrigeration,
  • Commercial Racks And Condensing Units
  • Industrial Refrigeration

Europe Refrigerant Market Regional Analysis/Insights

The Europe refrigerant market is analyzed and market size insights and trends are provided by type, application, and industry as referenced above.

The countries covered in the Europe refrigerant market report are Germany, France, Belgium, the U.K., Switzerland, Turkey, Netherlands, and the Rest of Europe.

Germany is expected to dominate the Europe refrigerant market due to the advancements in the industries within the region. France is expected to witness high growth during the forecast period because of the rise in awareness about the usage of refrigerants.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Europe Refrigerant Market Share Analysis

The Europe refrigerant market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to Europe refrigerant market.

Some of the major players operating in the Europe refrigerant market are:

  • The Chemours Company (United States),
  • Gas Servei (Spain),
  • Gujarat Fluorochemicals Ltd. (India),
  • AGC Inc. (Japan),
  • Quimobasicos SA de CV (Mexico),
  • Linde (Germany),
  • DAIKIN INDUSTRIES, Ltd. (Japan),
  • Mexichem S.A.B. de C.V. (Mexico),
  • Zhejiang Fotech International Co. Ltd. (China),
  • Tazzetti S.p.A. (Italy),
  • SRF Limited (India),
  • Changshu Sanaifu Zhonghao Chemical New Material Co., Ltd. (China),
  • SINOCHEM GROUP CO., LTD. (China),
  • Shandong Yue'an Chemical Co., Ltd (China),
  • Air Liquide and SOL Spa (France),
  • Arkema (France),
  • Dongyue Group (China),
  • Honeywell International, Inc. (United States).


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Europe Refrigerant Market will be worth USD 4.66 billion by 2030.
The Europe Refrigerant Market Growth Rate is 4.50% during the forecast period.
The Increasing emphasis on energy efficiency and sustainability in Europe motivates the demand for energy-efficient refrigeration systems and Environmental Regulations are the Growth drivers of the Europe Refrigerant Market.
The type, application, and industry are the factors on which the Europe Refrigerant Market research is based.
Honeywell Introduces New named olstice® N71 (R-471A) refrigerant, an innovative, new low-global-warming-potential (GWP) refrigerant for commercial and industrial refrigeration that is optimized for supermarkets are the latest developments in the Europe Refrigerant Market.
Free Sample Report

CHOOSE LICENCE TYPE

  • 4200.00
  • 3500.00
  • 2000.00
  • 5500.00
  • 7500.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials