Low GWP refrigerants Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The Low GWP refrigerants market is expected to grow from US$ 22.99 billion in 2021 to US$ 49.89 billion by 2028 at a CAGR of 11.7% between 2022 and 2028.
Low GWP refrigerants have various product offerings in different categories as well as applications. The increased awareness regarding the harmful impacts of conventional refrigerants has led to high demand for low GWP refrigerants market. New product offerings such as low GWP synthetic refrigerants are in demand as they are cost-effective. However, natural refrigerants are growing in terms of demand as they have no negative long-term environmental effects. However, issues associated with low GWP refrigerants, such as high-pressure demands, potential flammability, and toxicity, are expected to restrain the market growth due to significant safety considerations.
MARKET DYNAMICS
Major applications of low GWP refrigerants include heat pumps, air conditioning, and refrigeration. Large industrial and commercial heat pumps are used to supply energy to the district or local heating networks. These heat pumps mostly use ammonia-based refrigerants in the natural category; however, the use of synthetic HFO low GWP blends is gaining prominence. The most used natural low GWP refrigerants in air conditioning applications are hydrocarbons (for small residential applications) and ammonia (for larger central air conditioning applications). Moreover, CO2 is being increasingly used in supermarkets for both air conditioning and refrigeration purposes.
MARKET SCOPE
The "Global Low GWP Refrigerants Market Analysis to 2028" is a specialized and in-depth study of the low GWP refrigerants industry with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation by category and application. The global low GWP refrigerants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the low GWP refrigerants market.
MARKET SEGMENTATION
The global low GWP refrigerants market is segmented based on category and application. Based on category, the market is segmented into natural and synthetic. In terms of application, the market is categorized into heat pumps, air conditioning, refrigeration, and others.
Strategic Insights
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides overview and forecast of the global low GWP refrigerants market based on various segments. It also provides market size and forecast estimates from 2020 to 2028 with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. Each region's low GWP refrigerants market is later subsegmented into respective countries and segments. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the market.
From the regional perspective, Europe dominated the low GWP refrigerants market with ~32% market share in 2021. The dominance can be attributed to the presence of a large number of low GWP refrigerants manufacturers. The key low GWP refrigerant manufacturers in the region include The Danfoss Group, Honeywell International Inc., The Chemours Company, and Arkema Inc. These suppliers witness constant demand from air conditioning and refrigeration manufacturers.
The figure given below showcases the revenue growth trend in the low GWP refrigerants market.
The report analyzes factors affecting the low GWP refrigerants market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive Porter's five forces analysis highlighting the factors affecting the low GWP refrigerants market.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak negatively affected the demand for refrigerants globally, which reflected significantly lower volumes of orders among the manufacturers, resulting in a lower production volume. The decline in production volumes adversely affected the businesses of various industry manufacturers, including low GWP refrigerant manufacturers. Thus, the procurement of low GWP refrigerants declined during the initial phase of the spread of COVID-19, negatively impacting the global low GWP refrigerants market growth.
The major decline in demand was witnessed in the commercial section of the chemicals industry. This is due to the drastic closure of public places across North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. However, since 2021, public places have started reopening, and the growth trend is foreseen to continue. This would propel the procurement of low GWP refrigerants, thereby bolstering the market growth.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides overview and forecast of the global low GWP refrigerants market based on various segments. It also provides market size and forecast estimates from 2020 to 2028 with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. Each region's low GWP refrigerants market is later subsegmented into respective countries and segments. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the market.
From the regional perspective, Europe dominated the low GWP refrigerants market with ~32% market share in 2021. The dominance can be attributed to the presence of a large number of low GWP refrigerants manufacturers. The key low GWP refrigerant manufacturers in the region include The Danfoss Group, Honeywell International Inc., The Chemours Company, and Arkema Inc. These suppliers witness constant demand from air conditioning and refrigeration manufacturers.
The figure given below showcases the revenue growth trend in the low GWP refrigerants market.
The report analyzes factors affecting the low GWP refrigerants market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive Porter's five forces analysis highlighting the factors affecting the low GWP refrigerants market.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak negatively affected the demand for refrigerants globally, which reflected significantly lower volumes of orders among the manufacturers, resulting in a lower production volume. The decline in production volumes adversely affected the businesses of various industry manufacturers, including low GWP refrigerant manufacturers. Thus, the procurement of low GWP refrigerants declined during the initial phase of the spread of COVID-19, negatively impacting the global low GWP refrigerants market growth.
The major decline in demand was witnessed in the commercial section of the chemicals industry. This is due to the drastic closure of public places across North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. However, since 2021, public places have started reopening, and the growth trend is foreseen to continue. This would propel the procurement of low GWP refrigerants, thereby bolstering the market growth.
MARKET PLAYERS
The report covers key developments in the low GWP refrigerants market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies, such as product launches, product approvals, and patents and events. Inorganic growth strategies in the market are acquisitions, partnerships, and collaborations. These activities have paved the way for business expansion and market players' customer base. The market players in the low GWP refrigerants market are anticipated to have lucrative growth opportunities in the future with the rising demand for low GWP refrigerants. Below is a list of a few companies engaged in the low GWP refrigerants market.
The report also includes the profiles of key low GWP refrigerants market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years.
- Honeywell International Inc.
- Arkema Inc.
- Dongyue Group Co. Ltd.
- Daikin America Inc.
- Shandong Yuean Chemical Industry Co. LTD.
- The Chemours Company
- Zhejiang Sanmei Chemical Incorporated Company
- The Danfoss Group
- Zhejiang Quzhou Lianzhou Refrigerants Co., Ltd.
- Trust & Holdings, Inc.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Category, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Low GWP Refrigerants Market– By Type
1.3.2. Low GWP Refrigerants Market– By Application
1.3.3. Low GWP Refrigerants Market– By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LOW GWP REFRIGERANTS MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America – PEST Analysis
4.2.2. Europe – PEST Analysis
4.2.3. Asia Pacific – PEST Analysis
4.2.4. Middle East & Africa – PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. LOW GWP REFRIGERANTS MARKET– KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. LOW GWP REFRIGERANTS MARKET– GLOBAL ANALYSIS
6.1. LOW GWP REFRIGERANTS MARKET – GLOBAL MARKET OVERVIEW
6.2. LOW GWP REFRIGERANTS MARKET – GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. LOW GWP REFRIGERANTS MARKET REVENUE AND FORECASTS TO 2028 – TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HYDROCARBONS MARKET
7.3.1. Overview
7.3.2. Hydrocarbons Market Forecast and Analysis (US$ Mn)
7.3.3. Isobutane Market
7.3.3.1. Overview
7.3.3.2. Isobutane Market Forecast and Analysis (US$ Mn)
7.3.4. Propane Market
7.3.4.1. Overview
7.3.4.2. Propane Market Forecast and Analysis (US$ Mn)
7.3.5. Other Hydrocarbons Market
7.3.5.1. Overview
7.3.5.2. Other Hydrocarbons Market Forecast and Analysis (US$ Mn)
7.4. INORGANICS MARKET
7.4.1. Overview
7.4.2. Inorganics Market Forecast and Analysis (US$ Mn)
7.4.3. Carbon Di-Oxide Market
7.4.3.1. Overview
7.4.3.2. Carbon Di-Oxide Market Forecast and Analysis (US$ Mn)
7.4.4. Ammonia Market
7.4.4.1. Overview
7.4.4.2. Ammonia Market Forecast and Analysis (US$ Mn)
7.4.5. Other Inorganics Market
7.4.5.1. Overview
7.4.5.2. Other Inorganics Market Forecast and Analysis (US$ Mn)
7.5. FLUOROCARBONS MARKET
7.5.1. Overview
7.5.2. Fluorocarbons Market Forecast and Analysis (US$ Mn)
7.5.3. HFCS Market
7.5.3.1. Overview
7.5.3.2. HFCS Market Forecast and Analysis (US$ Mn)
7.5.4. HFOC Market
7.5.4.1. Overview
7.5.4.2. HFOC Market Forecast and Analysis (US$ Mn)
8. LOW GWP REFRIGERANTS MARKET REVENUE AND FORECASTS TO 2028 – APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MOBILE AIR-CONDITIONING MARKET
8.3.1. Overview
8.3.2. Mobile Air-Conditioning Market Forecast and Analysis (US$ Mn)
8.4. STATIONARY AIR-CONDITIONING MARKET
8.4.1. Overview
8.4.2. Stationary Air-Conditioning Market Forecast and Analysis (US$ Mn)
8.5. DOMESTIC REFRIGERATION MARKET
8.5.1. Overview
8.5.2. Domestic Refrigeration Market Forecast and Analysis (US$ Mn)
8.6. INDUSTRIAL REFRIGERATION MARKET
8.6.1. Overview
8.6.2. Industrial Refrigeration Market Forecast and Analysis (US$ Mn)
8.7. COMMERCIAL REFRIGERATION MARKET
8.7.1. Overview
8.7.2. Commercial Refrigeration Market Forecast and Analysis (US$ Mn)
8.8. OTHER APPLICATIONS MARKET
8.8.1. Overview
8.8.2. Other Applications Market Forecast and Analysis (US$ Mn)
9. LOW GWP REFRIGERANTS MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA LOW GWP REFRIGERANTS MARKET
9.1.1. North America Low GWP Refrigerants Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.1.2.1. North America Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.1.2.2. North America Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.1.2.3. North America Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.1.3. North America Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.1.4. North America Low GWP Refrigerants Market Forecasts and Analysis – By Country
9.1.5. US Market Overview
9.1.5.1. US Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.1.5.1.1. US Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.1.5.1.2. US Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.1.5.1.3. US Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.1.5.2. US Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.1.6.1.1. Canada Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.1.6.1.2. Canada Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.1.6.1.3. Canada Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.1.6.2. Canada Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.1.7.1.1. Mexico Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.1.7.1.2. Mexico Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.1.7.1.3. Mexico Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.1.7.2. Mexico Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.2. EUROPE LOW GWP REFRIGERANTS MARKET
9.2.1. Europe Low GWP Refrigerants Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.2.2.1. Europe Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.2.2. Europe Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.2.2.3. Europe Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.3. Europe Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.2.4. Europe Low GWP Refrigerants Market Forecasts and Analysis – By Country
9.2.5. UK Market Overview
9.2.5.1. UK Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.2.5.1.1. UK Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.5.1.2. UK Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.2.5.1.3. UK Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.5.2. UK Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.2.6.1.1. Germany Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.6.1.2. Germany Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.2.6.1.3. Germany Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.6.2. Germany Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.2.7.1.1. France Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.7.1.2. France Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.2.7.1.3. France Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.7.2. France Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.2.8. Italy Market Overview
9.2.8.1. Italy Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.2.8.1.1. Italy Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.8.1.2. Italy Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.2.8.1.3. Italy Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.8.2. Italy Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.2.9. Spain Market Overview
9.2.9.1. Spain Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.2.9.1.1. Spain Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.9.1.2. Spain Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.2.9.1.3. Spain Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.2.9.2. Spain Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.3. ASIA PACIFIC LOW GWP REFRIGERANTS MARKET
9.3.1. Asia Pacific Low GWP Refrigerants Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.3.2.1. Asia Pacific Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.2.2. Asia Pacific Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.3.2.3. Asia Pacific Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.3. Asia Pacific Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.3.4. Asia Pacific Low GWP Refrigerants Market Forecasts and Analysis – By Country
9.3.5. Japan Market Overview
9.3.5.1. Japan Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.3.5.1.1. Japan Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.5.1.2. Japan Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.3.5.1.3. Japan Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.5.2. Japan Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.3.6. India Market Overview
9.3.6.1. India Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.3.6.1.1. India Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.6.1.2. India Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.3.6.1.3. India Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.6.2. India Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.3.7. China Market Overview
9.3.7.1. China Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.3.7.1.1. China Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.7.1.2. China Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.3.7.1.3. China Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.7.2. China Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.3.8. Australia Market Overview
9.3.8.1. Australia Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.3.8.1.1. Australia Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.8.1.2. Australia Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.3.8.1.3. Australia Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.8.2. Australia Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.3.9. South Korea Market Overview
9.3.9.1. South Korea Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.3.9.1.1. South Korea Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.9.1.2. South Korea Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.3.9.1.3. South Korea Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.3.9.2. South Korea Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.4. MIDDLE EAST & AFRICA (MEA) LOW GWP REFRIGERANTS MARKET
9.4.1. Middle East & Africa (MEA) Low GWP Refrigerants Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East & Africa (MEA) Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.4.2.1. Middle East & Africa (MEA) Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.4.2.2. Middle East & Africa (MEA) Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.4.2.3. Middle East & Africa (MEA) Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.4.3. Middle East & Africa (MEA) Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.4.4. Middle East & Africa (MEA) Low GWP Refrigerants Market Forecasts and Analysis – By Country
9.4.5. South Africa Market Overview
9.4.5.1. South Africa Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.4.5.1.1. South Africa Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.4.5.1.2. South Africa Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.4.5.1.3. South Africa Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.4.5.2. South Africa Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.4.6.1.1. Saudi Arabia Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.4.6.1.2. Saudi Arabia Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.4.6.1.3. Saudi Arabia Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.4.6.2. Saudi Arabia Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.4.7. UAE Market Overview
9.4.7.1. UAE Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.4.7.1.1. UAE Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.4.7.1.2. UAE Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.4.7.1.3. UAE Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.4.7.2. UAE Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA LOW GWP REFRIGERANTS MARKET
9.5.1. South and Central America Low GWP Refrigerants Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.5.2.1. South and Central America Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.5.2.2. South and Central America Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.5.2.3. South and Central America Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.5.3. South and Central America Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.5.4. South and Central America Low GWP Refrigerants Market Forecasts and Analysis – By Country
9.5.5. Brazil Market Overview
9.5.5.1. Brazil Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.5.5.1.1. Brazil Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.5.5.1.2. Brazil Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.5.5.1.3. Brazil Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.5.5.2. Brazil Low GWP Refrigerants Market Forecasts and Analysis – By Application (US$ Mn)
9.5.6. Argentina Market Overview
9.5.6.1. Argentina Low GWP Refrigerants Market Forecasts and Analysis – By Type (US$ Mn)
9.5.6.1.1. Argentina Hydrocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.5.6.1.2. Argentina Inorganics Market Forecasts and Analysis – By Type (US$ Mn)
9.5.6.1.3. Argentina Fluorocarbons Market Forecasts and Analysis – By Type (US$ Mn)
9.5.6.2. Argentina Low GWP Refrigerants Market Forecasts and Analysis – By Application Method (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. LOW GWP REFRIGERANTS MARKET, KEY COMPANY PROFILES
11.1. A-GAS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. TRUST HOLDING INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ARKEMA S.A.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. THE CHEMOURS COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BROTHERS GAS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ENGAS AUSTRALASIA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GLOBAL TECHNOLOGY SYSTEMS, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. AIRGAS, INC,
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HARP INTERNATIONAL LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HONEYWELL INTERNATIONAL INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of compaies
- Honeywell International Inc.
- Arkema Inc.
- Dongyue Group Co. Ltd.
- Daikin America Inc.
- Shandong Yuean Chemical Industry Co. LTD.
- The Chemours Company
- Zhejiang Sanmei Chemical Incorporated Company
- The Danfoss Group
- Zhejiang Quzhou Lianzhou Refrigerants Co., Ltd.
- Trust & Holdings, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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