North America Refrigerant Market, By Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide), Product (Fluorocarbon, Hydrocarbon, Inorganic, Others), Application (Refrigeration, Chillers, Air-Conditioning Systems, MAC), Country (U.S., Canada, Mexico)-Industry Trends and Forecast to 2028
Market Analysis and Insights : North America Refrigerant Market
The refrigerant market is expected to witness market growth at a rate of 5.8% in the forecast period of 2021 to 2028. Data Bridge Market Research report on refrigerant market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for consumer appliances is escalating the growth of refrigerant market.
Refrigerant is a chemical combination of fluids which operates in heat pumps and refrigeration cycling as cooling agents. They are extensively used in several applications such as residential, industrial, and commercial sectors and are also used in automotive industry.
Major factors that are expected to boost the growth of the refrigerant market in the forecast period are the rise in the cold chain. Furthermore, the growing disposable income of the people is further anticipated to propel the growth of the refrigerant market. Moreover, the increase in the knowledge related to global warming and ozone depletion is further estimated to cushion the growth of the refrigerant market. On the other hand, rise in the regulations against fluorocarbon refrigerants is further projected to impede the growth of the refrigerant market in the timeline period.
In addition, the rise in the need for natural refrigerants and the increase in the need for bio-based refrigerants will further provide potential opportunities for the growth of the refrigerant market in the coming years. However, the utilization of halons including chlorofluorocarbon (CFC) and hydro-chlorofluorocarbons (HCFC) have a grave side effect on the environment might further challenge the growth of the refrigerant market in the near future.
This 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, geographical 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 take an informed market decision to achieve market growth.
North America Refrigerant Market Scope and Market Size
The refrigerant market is segmented on the basis of type, product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the refrigerant market is segmented into HCFC, HFC, HFO, isobutane, propane, ammonia, and carbon dioxide. Others have been further segmented into air, water, propene and isopentane.
- On the basis of product, the refrigerant market is segmented into fluorocarbon, hydrocarbon, inorganic, and others.
- On the basis of application, the refrigerant market is segmented into refrigeration, chillers, air-conditioning systems, and MAC. Refrigeration have been further segmented into domestic, commercial and industrial. Air-conditioning systems have been further segmented into window, split ACs, VRF and others.
Refrigerant Market Country Level Analysis
The refrigerant market is analyzed, and market size, volume information is provided by country, type, product and application as referenced above.
The countries covered in the refrigerant market report are the U.S., Canada and Mexico in North America.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major 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 Refrigerant Market Share Analysis
The refrigerant market competitive landscape provides details by a competitor. 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, application dominance. The above data points provided are only related to the companies’ focus related to the adhesive resin market.
The major players covered in the refrigerant market report are Honeywell International Inc, The Chemours Company, Orbia, Linde plc, DuPont, Airgas among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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