North America Refrigerants Market: By Product Type (Fluorocarbon, Hydrocarbon, Inorganic, Others), By Application (Industrial Refrigeration, Domestic Refrigeration, Transport Refrigeration, Commercial Refrigeration, Stationary Air Conditioning, Chillers & Heat Pumps, Mobile Air Conditioning) and Geography  

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North America Refrigerants Market size was estimated at USD 2.8 Bn in 2021, growing at a CAGR of 4.2% during the forecast period 2022-2028. Rising awareness regarding global warming and ozone depletion coupled with increase in demand for energy-efficient cooling solutions is anticipated to fuel the refrigerant market during the forecast period. Global phase-down of production and consumption of hydro-fluorocarbons (HFCs), one of the six greenhouse gases (GHGs) has led to an increased demand for natural refrigerants. The hydrocarbon and inorganic segments are, therefore, anticipated to attest significant growth in the market. Increased industrialization in emerging economies such as China, India, and Japan has led to establishment of a large number of data centers, subsequently fueling demand for refrigerants. However, stringent regulation stifles the growth of market. This report gives comprehensive outlook on refrigerants market across the region of North America. This report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies North America Refrigerants market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, This report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed North America Refrigerants market to better equip clients with possible investment opportunities across the Countries (Country Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the North America Refrigerants market report include suppliers, manufacturers, marketers, policy makers, and recent market activities. The key players in the North America market have adopted acquisition, expansion, product launch, technological advancements, and partnerships as their business strategies to sustain the intense competition. Refrigerant giants have focused on market strategies such as product launch and expansion to strengthen their brand image in the market. Honeywell International is a pioneer in developing low GDP and OWP blends. Innovations such as these are expected to inspire other industry players to invest significantly in R&D and production of environment-friendly products to meet stringent regulatory specifications and changing consumer preferences. Key players adopted various organic as well as inorganic growth strategies between 2015 and 2018 to strengthen their position in the market. For instance, Chemours Company, Wilmington, has acquired ICOR International, Indianapolis, a privately-owned leading supplier of branded, ozone safe refrigerants and related products.

North America Refrigerants Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.2%

Largest Market

U.S.

Fastest Growing Market

N/A
Dynamics

Cold chain is temperature-controlled supply chain, uninterrupted storage, and distribution activities, which maintain a given temperature range. Cold chain market operations that are meant to extend and ensure the shell life of fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs are expected to rapidly increase. This rapid increase is due to the growing demand from the consumers resulting from changing lifestyles and growing advanced technologies. With increasing consumer demand for frozen food products and presence of highly competitive market with low margins, most of the food processors, distributors, and retailers are shifting from the manually operated obsolete facilities to high bay deep-freeze warehouses where refrigerants are widely employed. Moreover, the expansion of food retail chains by multinational companies and the growth in international trade due to trade liberalization have led to an increase in the demand for the cold chain processes, and in turn, increase demand for refrigerants across the world.

Key Features of the Reports

  • The report provides granular level information about the market size, country market share, historic market and forecast.
  • The report covers in-detail insights about the competitor’s overview, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

North America Refrigerants Market Segmentation

By Product Type
  • Fluorocarbon
  • Hydrocarbon
  • Inorganic
  • Others
By Application
  • Industrial Refrigeration
  • Domestic Refrigeration
  • Transport Refrigeration
  • Commercial Refrigeration
  • Stationary Air Conditioning, Chillers & Heat Pumps
  • Mobile Air Conditioning
Geography
  • North America
  • US
  • Canada

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

  1. Executive Summary
  2. North America Refrigerant Market Introduction
2.1. North America Refrigerant Market – Taxonomy 2.2. North America Refrigerant Market –Definitions 2.2.1. Product Type 2.2.2. Technology
  1. North America Refrigerant Market Dynamics
3.1. Drivers 3.2. Restraints 3.3. Opportunities/Unmet Needs of the Market 3.4. Trends 3.5. North America Refrigerant Market Dynamics – Factors Impact Analysis 3.6. North America Refrigerant Market – Application  Innovations
  1. North America Refrigerant Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025
4.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) 4.3. Market Oppurtunity Analysis
  1. Global Refrigerant Market, By Product Type, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT)
5.1. Fluorocarbon 5.1.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 5.1.3. Market Opportunity Analysis 5.2. Hydrocarbons 5.2.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 5.2.3. Market Opportunity Analysis 5.3. Inorganic 5.3.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 5.3.3. Market Opportunity Analysis 5.4. Others 5.4.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 5.4.3. Market Opportunity Analysis
  1. Global Refrigerant Market, By Application, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT)
6.1. Industrial Refrigeration 6.1.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.1.3. Market Opportunity Analysis 6.2. Domestic Refrigeration 6.2.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.2.3. Market Opportunity Analysis 6.3. Transport Refrigeration 6.3.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.3.3. Market Opportunity Analysis 6.4. Commercial Refrigeration 6.4.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.4.3. Market Opportunity Analysis 6.5. Stationary Air Conditioning 6.5.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.5.3. Market Opportunity Analysis 6.6. Chillers and Heat Pumps 6.6.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.6.3. Market Opportunity Analysis 6.7. Mobile Air Conditioning 6.7.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 6.7.3. Market Opportunity Analysis
  1. North America Refrigerant Market Forecast, By country, 2014 - 2018 and Forecast, 2019 - 2025
7.1. U.S 7.1.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis 7.1.3. Market Opportunity Analysis 7.2. Canada 7.2.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn) Volume (000’ MT) 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis 7.2.3. Market Opportunity Analysis 7.3. North America Refrigerant Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2019 – 2025
  1. S Refrigerant Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025
8.1. By Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%) 8.1.1. Fluorocarbon 8.1.2. Hydrocarbon 8.1.3. Inorganic 8.1.4. Others 8.2. By Application Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%) 8.2.1. Industrial Refrigeration 8.2.2. Domestic Refrigeration 8.2.3. Transport Refrigeration 8.2.4. Commercial Refrigeration 8.2.5. Stationary Air Conditioning 8.2.6. Chillers & Heat Pumps 8.2.7. Mobile Air Conditioning 8.3. U.S Refrigerant Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2019 – 2025 8.4. U.S Refrigerant Market Dynamics – Trends
  1. Canada Refrigerant Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025
9.1. By Product Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%) 9.1.1. Fluorocarbon 9.1.2. Hydrocarbon 9.1.3. Inorganic 9.1.4. Others 9.2. By Application Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by (Revenue, USD Mn) Volume (000’ MT), Y-o-Y Growth (%) and Market Share (%) 9.2.1. Industrial Refrigeration 9.2.2. Domestic Refrigeration 9.2.3. Transport Refrigeration 9.2.4. Commercial Refrigeration 9.2.5. Stationary Air Conditioning 9.2.6. Chillers & Heat Pumps 9.2.7. Mobile Air Conditioning 9.3. Canada Refrigerant Market - Opportunity Analysis Index, By Product Type, Application, and Country,  2019 – 2025 9.4. Canada Refrigerant Market Dynamics – Trends
  1. Competition Landscape
10.1. Strategic Dashboard of Top Market Players 10.2. Company Profiles (Introduction, Financial Analysis, Application  & Service Offerings, Key Developments, Strategies, and SWOT Analysis) 10.2.1. Honeywell International 10.2.2. Daikin Industries Limited 10.2.3. Dongyue Group 10.2.4. Arkema S.A. 10.2.5. Linde Group 10.2.6. Mexichem SAB de C.V. 10.2.7. Sinochem Group 10.2.8. Air Liquide, 10.2.9. The Chemours Company
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Honeywell International
  • Daikin Industries Limited
  • Dongyue Group
  • Arkema S.A.
  • Linde Group
  • Mexichem SAB de C.V.
  • Sinochem Group
  • Air Liquide,
  • The Chemours Company

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