According to the latest report by IMARC Group, titled “Global Aerosol Refrigerants Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global aerosol refrigerants market reached a value of US$ 1.06 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.44 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.
Refrigerants are chemical combination of various fluids, gasses, and fine solid particles like aerosol, which function as a coolant in the refrigeration cycle. They absorb heat from the environment and provide refrigeration when combined with other components such as compressors and evaporators. Aerosol refrigerants are cost-effective, non-toxic, and non-flammable in nature. Owing to these properties, they are extensively used in refrigerators, air conditioning systems, and chillers for maintaining optimum temperature.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Aerosol Refrigerants Market Trends and Drivers:
The escalating need for various consumer appliances such as chillers, refrigerators, and heating, ventilation, and air conditioning (HVAC) products across residential and commercial spaces is one of the key factors driving the market growth.
In addition, various technological advancements, such as the development of carbon dioxide (CO2) cascade and cold chain solutions infused with propane-based cooling systems, represent another major growth-inducing factor. Besides this, governments of several countries are undertaking favorable initiatives to promote the manufacturing of eco-friendly aerosol refrigerants and eliminate the utilization of hydrofluorocarbons (HFC) and hydro fluoro-olefins (HFOs).
This, coupled with extensive research and development (R&D) activities conducted by key players to launch recyclable and sustainable steel aerosol refrigerants, are creating a positive market outlook across the globe.
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Global Aerosol Refrigerants Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
A-Gas, Arkema S.A., Baltic Refrigeration Group, Daikin Industries Ltd., Dongyue Group, Fastenal Company, Groupe Gazechim, Honeywell International Inc., Navin Fluorine International Limited, Sinochem Corporation, SRF Limited (Kama Holdings Ltd.), Technical Chemical Company and The Chemours Company.
The report has segmented the market on the basis of region, product, container type and end use sector.
Breakup by Product:
Breakup by Container Type:
Market Breakup by End Use Sector:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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