South America 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: 126    |    Report Code: BMIRE00025355    |    Category: Chemicals and Materials

South America Refrigerant Market
Buy Now

The SAM refrigerant market is expected to grow from US$ 692.93 million in 2021 to US$ 950.13 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.

 

The use of energy-efficient cooling solutions is a major trend in the refrigerant industry in this region. Increasing average temperature due to climate change, coupled with economic growth and urbanization, is likely to boost the demand for energy-efficient refrigerants in SAM in the coming years. Refrigerants with lower warming potential help reduce total greenhouse gas emissions. The environmental effects of refrigerants on the deterioration of the ozone layer have been a major topic of discussion, and it has driven manufacturers’ attention toward the development of energy-efficient refrigerants. Ongoing technological advancements in cooling techniques, and the replacement of traditional refrigerants with natural and energy-efficient ones further support the market. Most of the energy demand is expected to grow from emerging economies where strong economic growth, increased access to marketed energy, and growing population have led to a rise in demand for energy. This has also fueled the demand for energy-efficient refrigerants to cater to emerging economies' growing need for energy. Hydrocarbons are the most energy-efficient low in cost and eco-friendly cooling substitute for fluorocarbon-based cooling equipment and processes due to their low prices and easy availability. Surging demand for energy-efficient refrigerants across the region is expected to drive the market growth.

 

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

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

SAM Refrigerant Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report

South America Refrigerant Strategic Insights

Strategic insights for the South America 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.

strategic-framework/south-america-refrigerant-market-strategic-framework.webp
Get more information on this report

South America Refrigerant Report Scope

Report Attribute Details
Market size in 2021 US$ 692.93 Million
Market Size by 2028 US$ 950.13 Million
Global CAGR (2021 - 2028) 4.6%
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 South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
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
  • Get more information on this report

    South America Refrigerant Regional Insights

    The geographic scope of the South America 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.

    geography/south-america-refrigerant-market-geography.webp
    Get more information on this report

           

     

    SAM Refrigerant Market Segmentation         

     

    The SAM refrigerant market is segmented based on type, application, and country. Based on type, SAM refrigerant market is segmented into HCFC, HFC, HFO, isobutane, propane, ammonia, carbon dioxide, and others. The HCFC segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on application, SAM 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 be fastest growing during forecast period. Based on country, the SAM refrigerant market has been segmented into Brazil, Argentina, and rest of SAM.          

     

    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 SAM refrigerant market.

    The List of Companies - South America 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 South America Refrigerant Market?

    The South America Refrigerant Market is valued at US$ 692.93 Million in 2021, it is projected to reach US$ 950.13 Million by 2028.

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

    As per our report South America Refrigerant Market, the market size is valued at US$ 692.93 Million in 2021, projecting it to reach US$ 950.13 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.

    What segments are covered in this report?

    The South America 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 South America Refrigerant Market?

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

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

    The South America 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 South America 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 South America Refrigerant Market value chain can benefit from the information contained in a comprehensive market report.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now