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Middle East and Africa Refrigerant Market Forecast to 2028 – COVID-19 Impact and Regional Analysis By Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and Others) and Application (Refrigeration Systems, Chillers, Air-Conditioning Systems, MACs, and Others)

The MEA refrigerant market is expected to grow from US$ 1,072.50 million in 2021 to US$ 1,510.89 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

for the increasing use of energy-efficient cooling solutions is a major trend in the refrigerant industry in this region. The increasing average temperature due to climate change, economic growth, and urbanization are likely to boost the demand for energy-efficient refrigerants. Refrigerants with lower warming potential will help reduce total greenhouse gas emissions. The use of refrigerants causing the depletion of the ozone layer has been a prominent area of concern, which has led to a shift in manufacturers’ focus toward the development of energy-efficient refrigerants. Ongoing technological advancements in cooling and the subsequent replacement of traditional refrigerants with natural ones would further boost the refrigerant market growth in the MEA in the coming years. With the projected surge in energy demands in emerging economies experiencing strong economic growth, the demand for energy is also expected to grow rapidly in the coming years, which would create a greater need for energy-efficient refrigerants. Hydrocarbons are the most energy-efficient, low-cost, and eco-friendly cooling substitutes for fluorocarbon used in cooling equipment due to their low prices and easy availability.

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

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

MEA Refrigerant Market Segmentation

The MEA refrigerant market is segmented based on type, application, and country. Based on type, MEA refrigerant market is segmented into HCFC, HFC, HFO, isobutane, propane, ammonia, carbon dioxide, and others. The HFC segment dominated the market in 2020 and HCFC segment is expected to be fastest growing during forecast period. Based on application, MEA 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 MEA refrigerant market has been segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.

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 MEA 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 MEA Refrigerant Market, by Type
1.3.2 MEA Refrigerant, by Application
1.3.3 MEA 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. MEA 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. MEA 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 – MEA Analysis
6.1 MEA Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Refrigerant Market Analysis – By Type
7.1 Overview
7.2 MEA 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. MEA Refrigerant Market Analysis – By Application
8.1 Overview
8.2 MEA 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. MEA Refrigerant Market – Country Analysis
9.1 Overview
9.1.1 Middle East and Africa: Refrigerant Market, by Key Country
9.1.1.1 South Africa: Refrigerant Market–Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Refrigerant Market, by Type
9.1.1.1.2 South Africa: Refrigerant Market, by Application
9.1.1.2 Saudi Arabia: Refrigerant Market–Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Refrigerant Market, by Type
9.1.1.2.2 Saudi Arabia: Refrigerant Market, by Application
9.1.1.3 UAE: Refrigerant Market–Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Refrigerant Market, by Type
9.1.1.3.2 UAE: Refrigerant Market, by Application
9.1.1.4 Rest of MEA: Refrigerant Market–Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Refrigerant Market, by Type
9.1.1.4.2 Rest of MEA: 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.             MEA Refrigerant Market –Revenue and Forecast to 2028 (US$ Million)
Table 2.             South Africa Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3.             South Africa Refrigerant Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4.             Saudi Arabia Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5.             Saudi Arabia Refrigerant Market, by Application –Revenuee and Forecast to 2028 (USD Million)
Table 6.             UAE Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7.             UAE Refrigerant Market, by Application Revenue and Forecast to 2028 (USD Million)
Table 8.             Rest of MEA Refrigerant Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9.             Rest of MEA Refrigerant Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10.          Glossary of Terms
 

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● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA 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 MEA 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 MEA 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 – Middle East and Africa Refrigerant Market

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

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