The global HCFC refrigerant market is anticipated to grow at a significant CAGR of 4.1% during the forecast period. According to the United States Environment Protection Agency, in 2010, R-22 and HCFC-142b are the next two HCFCs that the United States will stage out. From January 1, 2010 restriction has been imposed on the production, import, and utilization of R-22 and HCFC-142b, aside from continuing servicing required for the existing equipment. Since January 1, 2015, a ban on the production, import, and utilization of all HCFCs, aside from keeping adjusting requirements of refrigeration hardware was imposed. Since January 1, 2020, the R-22 will rely on recycled or stockpiled quantities, and by the end of 2030, the HCFCs will impose a ban on the remaining production and import of all HCFCs.
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The spread of the COVID-19 pandemic made a big impact not only on the people but also became a global concern. After mid-February, refrigerant manufacturers resumed production slowly but insufficiently. Meanwhile, due to the limited raw material production and lack of domestic infrastructure, obtaining raw materials becomes very difficult. Almost all refrigerants have increased in price, especially R134a, R32, and R143. Whereas for the other blended HCFC, the price is more stable.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global HCFC Refrigerant Market by Refrigerant Type
- R-22
- R-124
- R-142B
Global HCFC Refrigerant Market by Blend Type
- R-401A
- R-401B
- R-401C
- Others
Global HCFC Refrigerant Market by Application
- Refrigeration
- Domestic
- Commercial
- Transportation
- Industrial
- Air Conditioning
- Domestic
- Commercial
- Transportation
- Industrial
- Others (Stationary Air Conditioning, Mobile Air Conditioning)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Arkema S.A.
- Changshu 3F Zhonghao New Chemical Materials Co., Ltd.
- Chemours
- Daikin Industries, Ltd.
- Dongyue Group
- Foam Supplies, Inc.
- Gujarat Fluorochemicals Ltd.
- Harp International Ltd.
- Honeywell International Inc.
- Jiangsu Bluestar Green Technology Co., Ltd.
- Jiangsu Meilan Chemical Co., Ltd.
- Koura
- Linde Plc
- National Refrigerants, Inc.
- Navin Fluorine International Ltd.
- Quimobasicos S.A De C.V.
- SCHARR CPC GmbH
- Shandong Yue’an Chemical Co., Ltd.
- Sinochem Group
- SRF Ltd.
- Yingpeng Chemical Co. Ltd.
- Zhengjiang Yonghe Refrigerant Co. Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global HCFC refrigerant market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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