The global R410A refrigerant market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are ability of R410A refrigerants to provide higher cooling capacity and significantly higher pressure, compared to R-22.
A refrigerant is a fluid that is used in air conditioners and refrigerators. The function of a refrigerant is to absorb heat from contents of the refrigerator or the room, in case of ACs and throw it into the atmosphere. A typical refrigerant undergoes a phase change from liquid to gas upon absorption of heat, and back to liquid when a compressor compresses it. There are various types of refrigerants available such as Chlorofluorocarbon (CFC), Hydro Fluro Carbons (HFC), and Hydrochlorofluorocarbon (HCFC). Application of an ideal refrigerant is made on the basis of its thermodynamic properties, non-corrosive nature, and properties such as non-toxicity non-flammability.
Top Companies Operating in the Global R410A Refrigerant Market:
- Arkema S.A.
- Dongyue Group Co. Ltd.
- Honeywell International Inc.
- The Chemours Company
- The Linde Group
- Air Liquide
- Sinochem Lantian Co. Ltd.
- Daikin Industries
- Mexichem
- Asahi Glass Corporation
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Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
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The R410A Refrigerant market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the R410A Refrigerant market.
The global R410A Refrigerant market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type Outlook (Revenue, USD Billion; 2018-2028)
- OEM
- Aftermarket
Application Outlook (Revenue, USD Billion; 2018-2028)
- Domestic
- Industrial
- Commercial
- Chillers
- Split AC
- VRF
- Window
- MAC
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