The APAC refrigerant market is expected to grow from US$ 9,954.44 million in 2021 to US$ 15,913.30 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.

An increase in global warming and the phase-out of fluorocarbon have led to a resurgence in demand for eco-friendly or natural refrigerants. In addition to the growing concerns about the adverse effects of fluorocarbon-based refrigerant exertions on the environment, low deployment costs, wide availability, high thermal conductivity and gas-phase density, a significant heat transfer rate, and reduced harmful effects are the key factors boosting the demand for eco-friendly refrigerants, such as ammonia and carbon dioxide. Moreover, regulations and compliance set by governing bodies mandate the discontinuation of many harmful fluorocarbon-based refrigerants in several Asia Pacific countries. Multinational companies in the field are increasingly investing in research and development to develop novel and eco-friendly offerings to ensure a sustainable business model. The mobile air conditioning directive and the F-gas regulation are the two legislative measures taken by several countries to support eco-friendly refrigerants. The mobile air conditioning directive prohibits the use of fluorinated gases in air conditioning systems. The F-gas regulation focuses on improving the leakage of fluorinated gases, avoiding the use of these gases, and using eco-friendly alternatives. Thus, the growing consumption of eco-friendly refrigerants is expected to fuel the refrigerant market growth across Asia Pacific in the coming years.

With innovative features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC refrigerant market at a significant CAGR during the forecast period.

APAC Refrigerant Market Revenue and Forecast to 2028 (US$ Million)

APAC Refrigerant Market Segmentation

The APAC refrigerant market is segmented based on type, application, and country. Based on type, APAC refrigerant market is segmented into HCFC, HFC, HFO, isobutane, propane, ammonia, carbon dioxide, and others. The HFC segment dominated the market in 2020 and ammonia segment is expected to be fastest growing during forecast period. Based on application, APAC refrigerant market is segmented into refrigeration system, chillers, air-conditioning systems, MACs, and others. The refrigeration system segment dominated the market in 2020 and air-conditioning systems segment is expected to be fastest growing during forecast period. Based on country, the APAC refrigerant market has been segmented into China, India, Japan, South Korea, Australia, and rest of APAC.

AGC Inc.; AIR LIQUIDE SA; Arkema; Daikin Industries, Ltd.; Dongyue Group; Honeywell International Inc.; LINDE; Sinochem Group Co. Ltd.; and The Chemours Company are among the leading companies in the APAC refrigerant market.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Refrigerant Market, by Type
1.3.2 APAC Refrigerant, by Application
1.3.3 APAC Refrigerant Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Refrigerant Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Threat of Substitutes:
4.2.3 Bargaining Power of Buyers:
4.2.4 Bargaining Power of Suppliers:
4.2.5 Competitive Rivalry:
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Refrigerant Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Refrigeration System
5.1.2 Increase in Per-capita Income in Developing Economies
5.2 Market Restraints
5.2.1 Stringent Regulation against Fluorocarbon Refrigerants
5.3 Market Opportunities
5.3.1 Growing Consumption of Eco-friendly Refrigerants
5.4 Future Trends
5.4.1 Surging Demand for Energy-efficient Refrigerants
5.5 Impact Analysis
6. Refrigerant Market – APAC Analysis
6.1 APAC Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
7. APAC Refrigerant Market Analysis – By Type
7.1 Overview
7.2 APAC Refrigerant Market, By Type (2020 and 2028)
7.3 HCFC
7.3.1 Overview
7.3.2 HCFC: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 HFC
7.4.1 Overview
7.4.2 HFC: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 HFO:
7.5.1 Overview
7.5.2 HFO: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Isobutane
7.6.1 Overview
7.6.2 Isobutane: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Propane
7.7.1 Overview
7.7.2 Propane: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
7.8 Ammonia
7.8.1 Overview
7.8.2 Ammonia: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
7.9 Carbon Dioxide
7.9.1 Overview
7.9.2 Carbon Dioxide: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
7.10 Others
7.10.1 Overview
7.10.2 Others: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
8. APAC Refrigerant Market Analysis – By Application
8.1 Overview
8.2 APAC Refrigerant Market, By Application (2020 and 2028)
8.3 Refrigeration system
8.3.1 Overview
8.3.2 Refrigeration System: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Chillers
8.4.1 Overview
8.4.2 Chillers: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Air-conditioning System
8.5.1 Overview
8.5.2 Air-conditioning System: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 MACs
8.6.1 Overview
8.6.2 MACs: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Others:
8.7.1 Overview
8.7.2 Others: Refrigerant Market – Revenue and Forecast to 2028 (US$ Mn)
9. APAC Refrigerant Market – Country Analysis
9.1 Overview
9.1.1 APAC: Refrigerant Market, by Key Country
9.1.1.1 Australia: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Refrigerant Market, by Type
9.1.1.1.2 Australia: Refrigerant Market, by Application
9.1.1.2 China: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Refrigerant Market, by Type
9.1.1.2.2 China: Refrigerant Market, by Application
9.1.1.3 India: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Refrigerant Market, by Type
9.1.1.3.2 India: Refrigerant Market, by Application
9.1.1.4 Japan: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Refrigerant Market, by Type
9.1.1.4.2 Japan: Refrigerant Market, by Application
9.1.1.5 South Korea: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Refrigerant Market, by Type
9.1.1.5.2 South Korea: Refrigerant Market, by Application
9.1.1.6 Rest of APAC: Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Refrigerant Market, by Type
9.1.1.6.2 Rest of APAC: Refrigerant Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 The Chemours Company
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Arkema
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Honeywell International Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Dongyue Group
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 LINDE
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 AIR LIQUIDE SA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Sinochem Group Co. Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Daikin Industries, Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 AGC Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms

LIST OF TABLES

Table 1.             APAC Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
Table 2.             Australia Refrigerant Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 3.             Australia Refrigerant Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4.             China Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5.             China Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 6.             India Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7.             India Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 8.             Japan Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9.             Japan Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 10.          South Korea Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 11.          South Korea Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 12.          Rest of APAC Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 13.          Rest of APAC Refrigerant Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 14.          Glossary of Terms
 

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC refrigerant market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the APAC refrigerant market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the refrigerant market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – Asia Pacific Refrigerant Market

● AGC Inc.
● AIR LIQUIDE SA
● Arkema
● Daikin Industries, Ltd.
● Dongyue Group
● Honeywell International Inc.
● LINDE    
● Sinochem Group Co. Ltd.
● The Chemours Company