The purpose of the report is to illustrate the state of the market of Refrigerants, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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The global refrigerants market is projected to foresee a considerable growth throughout the forecast period due to increasing production of refrigerators and cooling equipment especially for industrial applications. Rapid industrialization is driving the demand for efficient cooling systems, thus driving the key players to increase their production capacities to fulfill the surging demands. Moreover, increasing consumer disposable incomes coupled with global economic development are some other major aspects accountable for the rising demand for air conditioning and refrigeration especially in the emerging countries of South East Asia and BRICS. Also, rise in global temperature along with enhanced living standards are expected to bolster the market growth over the forecast period. In addition, rapid growth of the global food & beverages, automobile and consumer electronics industry is estimated to accelerate the product demand. Although, stringent governmental regulations about the use of halogenated refrigerants such as HFCs and CFC’s coupled with repeated modifications in environmental standards such as Montreal Protocol are estimated to hinder the market growth. Moreover, fluctuating prices of raw materials including ammonia gas, tetrafluoroethylene etc. coupled with slow development of low GWP products is expected to be a key challenge for the market giants throughout the forecast period.
Some of the major players operating in the global refrigerants market include Arkema SA, Daikin Industries Ltd., Honeywell International, E.I. du Pont Nemours & Co., Dongyue Group, Mexichem SA, SRF Ltd., Navin Fluorine International Ltd., Airgas Inc. and Sinochem Group among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Refrigerants buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Refrigerants contains:
Analysis and forecast of Refrigerants market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Refrigerants market;
Assessment and forecast of Refrigerants market development;
Financial and business profiles of the leading companies in the Refrigerants industry.
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– Up to date working Refrigerants data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Refrigerants for the period 2018 to 2026
– Planned Refrigerants additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Refrigerants projects by region, key countries, and companies
– Details of major planned Refrigerants projects in the world up to 2026
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