Europe Refrigerant Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and Others) and Application (Refrigeration Systems, Chillers, Air-Conditioning Systems, MACs, and Others)


No. of Pages: 132    |    Report Code: BMIRE00025347    |    Category: Chemicals and Materials

Europe Refrigerant Market
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The Europe refrigerant market is expected to grow from US$ 1,551.73 million in 2021 to US$ 2,286.52 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.

 

With the increasing disposable income and growing population, the demand for air conditioners and other home appliances in which refrigerants are used for cooling purposes has surged. In developing economies, construction activities have fueled the demand for refrigerants, as split ACs are widely used in construction. The construction industry is flourishing with the growing disposable income, especially in the middle-class population; elevating standards of living; and an increasing number of nuclear families. Apart from this, the mushrooming hypermarkets, supermarkets, and food retail chains, coupled with the rise in packaged and frozen food consumption, have significantly propelled the demand for refrigerants. In cost-sensitive economies, food wastage concerns fuel the demand for domestic refrigeration.

 

With innovative features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe refrigerant market at a good CAGR during the forecast period.    

 

Europe Refrigerant Market Revenue and Forecast to 2028 (US$ Million)

Europe Refrigerant Market Revenue and Forecast to 2028 (US$ Million)
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Europe Refrigerant Strategic Insights

Strategic insights for the Europe Refrigerant provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Refrigerant Report Scope

Report Attribute Details
Market size in 2021 US$ 1,551.73 Million
Market Size by 2028 US$ 2,286.52 Million
Global CAGR (2021 - 2028) 5.7%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • HCFC
  • HFC
  • HFO
  • Isobutane
  • Propane
  • Ammonia
  • Carbon Dioxide
By Application
  • Refrigeration Systems
  • Chillers
  • Air-Conditioning Systems
  • MACs
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • AGC Inc.
  • AIR LIQUIDE SA
  • Arkema
  • Daikin Industries, Ltd.
  • Dongyue Group
  • Honeywell International Inc.
  • LINDE
  • Sinochem Group Co. Ltd.
  • The Chemours Company
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    Europe Refrigerant Regional Insights

    The geographic scope of the Europe Refrigerant refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Europe Refrigerant Market Segmentation  

     

    The Europe refrigerant market is segmented based on type, application, and country. Based on type, the market is segmented into HCFC, HFC, HFO, isobutane, propane, ammonia, carbon dioxide, and others. The HFC segment dominated the market in 2020, and the ammonia segment is expected to register the highest during forecast period. Based on application, the Europe refrigerant market is segmented into refrigeration system, chillers, air-conditioning systems, MACs, and others. The refrigeration system segment dominated the market in 2020, and air-conditioning systems segment is expected to record the highest CAGR during forecast period. Based on country, the Europe refrigerant market has been segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe.      

     

    AGC Inc.; AIR LIQUIDE SA; Arkema; Daikin Industries, Ltd.; Dongyue Group; Honeywell International Inc.; LINDE; Sinochem Group Co. Ltd.; and The Chemours Company are among the leading companies in the Europe refrigerant market.

    The List of Companies - Europe Refrigerant Market

    1. AGC Inc.
    2. AIR LIQUIDE SA
    3. Arkema
    4. Daikin Industries, Ltd.
    5. Dongyue Group
    6. Honeywell International Inc.
    7. LINDE 
    8. Sinochem Group Co. Ltd.
    9. The Chemours Company
    Frequently Asked Questions
    How big is the Europe Refrigerant Market?

    The Europe Refrigerant Market is valued at US$ 1,551.73 Million in 2021, it is projected to reach US$ 2,286.52 Million by 2028.

    What is the CAGR for Europe Refrigerant Market by (2021 - 2028)?

    As per our report Europe Refrigerant Market, the market size is valued at US$ 1,551.73 Million in 2021, projecting it to reach US$ 2,286.52 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.

    What segments are covered in this report?

    The Europe Refrigerant Market report typically cover these key segments-

    • Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide)
    • Application (Refrigeration Systems, Chillers, Air-Conditioning Systems, MACs)

    What is the historic period, base year, and forecast period taken for Europe Refrigerant Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Refrigerant Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Europe Refrigerant Market?

    The Europe Refrigerant Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • AGC Inc.
  • AIR LIQUIDE SA
  • Arkema
  • Daikin Industries, Ltd.
  • Dongyue Group
  • Honeywell International Inc.
  • LINDE
  • Sinochem Group Co. Ltd.
  • The Chemours Company
  • Who should buy this report?

    The Europe Refrigerant Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Refrigerant Market value chain can benefit from the information contained in a comprehensive market report.

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