Low GWP Refrigerants Market Research Report – Global Forecast till 2027

Low GWP Refrigerants Market: Information by Type (Inorganics, Hydrocarbons, Fluorocarbons), Application (Industrial Refrigeration, Commercial Refrigeration, Domestic Refrigeration, Mobile Air-Conditioning), Region — Global Forecast till 2027

ID: MRFR/CnM/6002-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


Global Low GWP Refrigerants Market was valued at USD 17.2 Billion in 2018 growing with the CAGR of 11.12% during the forecast period.
The low global warming potential (GWP) refrigerants have zero ozone depletion and has significant potential to reduce global warming. A refrigerant is an essential fluid which absorbs heat at low temperature and low-pressure, later transfers heat at a higher temperature and higher pressure of the fluid. Majorly available in hydrocarbon, fluorocarbons and inorganics types.


The hydrocarbon a greenhouse gas with high value of global warming potential. Hydrochlorofluorocarbon and hydrocarbon have high global warming potential and comprises of three main fluids such as ammonia, carbon dioxide and hydrocarbons along with fluorocarbons. Moreover, fluorocarbon is a derivative of hydrocarbon which is used in air conditioning equipment owing to its attributes of long lifespan.


The market is driven by limited environmental impact of low GWP refrigerants coupled with increasing demand for air conditioners and refrigeration. According to the Japan Refrigeration and Air Conditioning Industry Association (JRAIA) the demand for air conditioner has increased from 2012 to 2017 with around 110.56 million units in 2017. Major countries such as Japan, China, US and France have been positively contributing towards global demand for air conditioners. Thus, rising air conditioner demand across the globe is expected to boost low GWP refrigerant market during the review period.


Global Low GWP Refrigerants Market Share, by Application, 2017 (%)


Low GWP Refrigerants Market


Source: MRFR analysis


Regional Analysis


Asia-Pacific, Europe, Latin America, North America and the Middle East & Africa are the five regions studied for the global low GWP refrigerant Market. In 2017, Europe is projected to lead the market owing to European government regulation such as F-Gas Regulation 517/2014 which controls the usage of fluorinated greenhouse gases and its impact on environment. This regulation is expected to boost the low GWP refrigerants market by restraining the growth of conventional refrigerants during the forecast period. Latin America is projected to witness healthy growth in term of CAGR owing to increasing usage of air conditioners in Brazil and Chile supported by high infrastructure and development activities in the region.


North America and Asia-Pacific have been witnessing significant growth in terms of CAGR during the review period owing to rise in temperature and global warming. In addition, the markets in the Middle East & Africa are projected to witness steady growth during the forecast timeframe. Countries such as UAE and Saudi Arabia are one of the growing markets for air conditioners, around 70% of their electricity is used for cooling purpose owing to warm weather in the region. Thus, rise in temperature across the globe is expected to fuel low GWP refrigerants market during the assessment period.


Market Segmentation


The global low GWP refrigerant market has been segmented on the basis of types, application and region.


Based on types, the global low GWP refrigerant market has been segregated into types and application.


Global GWP refrigerant market by type is categorized as inorganics, hydrocarbons and fluorocarbons. Based on application the market comprises of industrial refrigeration, commercial refrigeration, domestic refrigeration, mobile air-conditioning, stationary air-conditioning and others.


The global low GWP refrigerant market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the prominent players in the global low GWP refrigerant market are Honeywell International Inc (U.S.), Daikin industries, Ltd. (Japan), The Linde Group (Ireland), Arkema (France), The Chemours Company (U.S.), SOL Spa (Italy), GTS SPA (Italy), Harp International Ltd (UK), Mexichem S.A.B de C.V. (Mexico), HyChill (Australia), Puyang Zhongwei Fine Chemical Co. Ltd (China), Tazzetti S.p.A (Italy), Airgas, Inc (U.S.), The natural refrigerants company Pty ltd (Australia), A-Gas International (UK), Brothers Gas (UAE), E.F. International (U.S.), engas Australasia (Australia) and Sinochem Lantian co., Ltd (China).


Intended Audience



  • Low GWP refrigerant manufacturers

  • Traders and distributors of low GWP refrigerant

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Frequently Asked Questions (FAQ) :


The low GWP refrigerants market is projected to grow at a 11.12% CAGR between 2018-2023.

Some of the major applications of low GWP refrigerants include stationary air-conditioning, mobile air-conditioning, commercial refrigeration, domestic refrigeration, and industrial refrigeration.

Europe is predicted to command the largest share in the low GWP refrigerants market.

Growing demand for air conditioners and limited environmental impact is boosting market growth.

Leading players in the low GWP refrigerants market include E.F. International (U.S.), Sinochem Lantian co., Ltd (China), engas Australasia (Australia), Brothers Gas (UAE), The natural refrigerants company Pty ltd (Australia), A-Gas International (UK), Airgas, Inc (U.S.), Puyang Zhongwei Fine Chemical Co. Ltd (China), Tazzetti S.p.A (Italy), HyChill (Australia), Harp International Ltd (UK), Mexichem S.A.B de C.V. (Mexico), SOL Spa (Italy), GTS SPA (Italy), Arkema (France), The Chemours Company (U.S.), The Linde Group (Ireland), Honeywell International Inc (U.S.), and Daikin industries, Ltd. (Japan).

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

4.1.4 Application

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Industry Overview of Global Low GWP Refrigerants Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Low GWP Refrigerants Market, by Type

7.1 Introduction

7.2 Inorganics

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Hydrocarbons

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Fluorocarbons

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

10. Global Low GWP Refrigerants Market, by Application

10.1 Introduction

10.2 Industrial Refrigeration

10.2.1 Market Estimates & Forecast, 2020–2027

10.2.2 Market Estimates & Forecast, by Region, 2020–2027

10.3 Commercial Refrigeration

10.3.1 Market Estimates & Forecast, 2020–2027

10.3.2 Market Estimates & Forecast, by Region, 2020–2027

10.4 Domestic Refrigeration

10.4.1 Market Estimates & Forecast, 2020–2027

10.4.2 Market Estimates & Forecast, by Region, 2020–2027

10.5 Mobile Air-Conditioning

10.5.1 Market Estimates & Forecast, 2020–2027

10.5.2 Market Estimates & Forecast, by Region, 2020–2027

10.6 Stationary Air-Conditioning

10.6.1 Market Estimates & Forecast, 2020–2027

10.6.2 Market Estimates & Forecast, by Region, 2020–2027

10.7 Others

10.7.1 Market Estimates & Forecast, 2020–2027

10.7.2 Market Estimates & Forecast, by Region, 2020–2027

11. Global Low GWP Refrigerants Market, by Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2020–2027

11.2.2 Market Estimates & Forecast by Type, 2020–2027

11.2.5 Market Estimates & Forecast by Application, 2020–2027

11.2.6 US

11.2.6.1 Market Estimates & Forecast, 2020–2027

11.2.6.2 Market Estimates & Forecast by Type, 2020–2027

11.2.6.5 Market Estimates & Forecast by Application, 2020–2027

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast, 2020–2027

11.2.7.2 Market Estimates & Forecast by Type, 2020–2027

11.2.7.5 Market Estimates & Forecast by Application, 2020–2027

11.3 Europe

11.3.1 Market Estimates & Forecast, 2020–2027

11.3.2 Market Estimates & Forecast by Type, 2020–2027

11.3.5 Market Estimates & Forecast by Application, 2020–2027

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, 2020–2027

11.3.6.2 Market Estimates & Forecast by Type, 2020–2027

11.3.6.5 Market Estimates & Forecast by Application, 2020–2027

11.3.7. France

11.3.7.1 Market Estimates & Forecast, 2020–2027

11.3.7.2 Market Estimates & Forecast by Type, 2020–2027

11.3.7.5 Market Estimates & Forecast by Application, 2020–2027

11.3.8 Italy

11.3.8.1 Market Estimates & Forecast, 2020–2027

11.3.8.2 Market Estimates & Forecast by Type, 2020–2027

11.3.8.5 Market Estimates & Forecast by Application, 2020–2027

11.3.9 Spain

11.3.9.1 Market Estimates & Forecast, 2020–2027

11.3.9.2 Market Estimates & Forecast by Type, 2020–2027

11.3.9.5 Market Estimates & Forecast by Application, 2020–2027

11.3.10 UK

11.3.10.1 Market Estimates & Forecast, 2020–2027

11.3.10.2 Market Estimates & Forecast by Type, 2020–2027

11.3.10.5 Market Estimates & Forecast by Application, 2020–2027

11.3.11 Russia

11.3.11.1 Market Estimates & Forecast, 2020–2027

11.3.11.2 Market Estimates & Forecast by Type, 2020–2027

11.3.11.5 Market Estimates & Forecast by Application, 2020–2027

11.3.12 Netherlands

11.3.12.1 Market Estimates & Forecast, 2020–2027

11.3.12.2 Market Estimates & Forecast by Type, 2020–2027

11.3.12.3 Market Estimates & Forecast by Application, 2020–2027

11.3.13 Rest of Europe

11.3.13.1 Market Estimates & Forecast, 2020–2027

11.3.13.2 Market Estimates & Forecast by Type, 2020–2027

11.3.13.5 Market Estimates & Forecast by Application, 2020–2027

11.4 Asia Pacific

11.4.1 Market Estimates & Forecast, 2020–2027

11.4.2 Market Estimates & Forecast by Type, 2020–2027

11.4.5 Market Estimates & Forecast by Application, 2020–2027

11.4.6 China

11.4.6.1 Market Estimates & Forecast, 2020–2027

11.4.6.2 Market Estimates & Forecast by Type, 2020–2027

11.4.6.5 Market Estimates & Forecast by Application, 2020–2027

11.4.7 India

11.4.7.1 Market Estimates & Forecast, 2020–2027

11.4.7.2 Market Estimates & Forecast by Type, 2020–2027

11.4.7.5 Market Estimates & Forecast by Application, 2020–2027

11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, 2020–2027

11.4.8.2 Market Estimates & Forecast by Type, 2020–2027

11.4.8.5 Market Estimates & Forecast by Application, 2020–2027

11.4.9 Australia

11.4.9.1 Market Estimates & Forecast, 2020–2027

11.4.9.2 Market Estimates & Forecast by Type, 2020–2027

11.4.9.5 Market Estimates & Forecast by Application, 2020–2027

11.4.10 Malaysia

11.4.10.1 Market Estimates & Forecast, 2020–2027

11.4.10.2 Market Estimates & Forecast by Type, 2020–2027

11.4.10.5Market Estimates & Forecast by Application, 2020–2027

11.4.11 South Korea

11.4.11.1 Market Estimates & Forecast, 2020–2027

11.4.11.2 Market Estimates & Forecast by Type, 2020–2027

11.4.11.5 Market Estimates & Forecast by Application, 2020–2027

11.4.12 Rest of Asia Pacific

11.4.12.1 Market Estimates & Forecast, 2020–2027

11.4.12.2 Market Estimates & Forecast by Type, 2020–2027

11.4.12.5Market Estimates & Forecast by Application, 2020–2027

11.5 Middle East & Africa

11.5.1 Market Estimates & Forecast, 2020–2027

11.5.2 Market Estimates & Forecast by Type, 2020–2027

11.5.5 Market Estimates & Forecast by Application, 2020–2027

11.5.6 Saudi Arabia

11.5.6.1 Market Estimates & Forecast, 2020–2027

11.5.6.2 Market Estimates & Forecast by Type, 2020–2027

11.5.6.5 Market Estimates & Forecast by Application, 2020–2027

11.5.7 UAE

11.5.7.1 Market Estimates & Forecast, 2020–2027

11.5.7.2 Market Estimates & Forecast by Type, 2020–2027

11.5.7.5 Market Estimates & Forecast by Application, 2020–2027

11.5.8 Africa

11.5.8.1 Market Estimates & Forecast, 2020–2027

11.5.8.2 Market Estimates & Forecast by Type, 2020–2027

11.5.8.5Market Estimates & Forecast by Application, 2020–2027

11.5.9 Rest of the Middle East & Africa

11.5.9.1 Market Estimates & Forecast, 2020–2027

11.5.9.2 Market Estimates & Forecast by Type, 2020–2027

11.5.9.5 Market Estimates & Forecast by Application, 2020–2027

11.6 Latin America

11.6.1 Market Estimates & Forecast, 2020–2027

11.6.2 Market Estimates & Forecast by Type, 2020–2027

11.6.5 Market Estimates & Forecast by Application, 2020–2027

11.6.4 Brazil

11.6.4.1 Market Estimates & Forecast, 2020–2027

11.6.4.2 Market Estimates & Forecast by Type, 2020–2027

11.6.4.5 Market Estimates & Forecast by Application, 2020–2027

11.6.5 Argentina

11.6.5.1 Market Estimates & Forecast, 2020–2027

11.6.5.2 Market Estimates & Forecast by Type, 2020–2027

11.6.5.5 Market Estimates & Forecast by Application, 2020–2027

11.6.6 Mexico

11.6.6.1 Market Estimates & Forecast, 2020–2027

11.6.6.2 Market Estimates & Forecast by Type, 2020–2027

11.6.6.5 Market Estimates & Forecast by Application, 2020–2027

11.6.7 Rest of Latin America

11.6.7.1 Market Estimates & Forecast, 2020–2027

11.6.7.2 Market Estimates & Forecast by Type, 2020–2027

11.6.7.5 Market Estimates & Forecast by Application, 2020–2027

12. Competitive Landscape

12.1 Introduction

12.2 Market Key Strategies

12.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

13. Company Profiles

13.1 Honeywell International Inc

13.1.1 Company Overview

13.1.2 Financial Updates

13.1.3 Product/Business Segment Overview

13.1.4 Key Developments

13.1.5 SWOT Analysis

13.1.6 Key Strategies

13.2 DAIKIN INDUSTRIES, Ltd.

13.2.1 Company Overview

13.2.2 Financial Updates

13.2.3 Product/Business Segment Overview

13.2.4 Key Developments

13.2.5 SWOT Analysis

13.2.6 Key Strategies

13.3 The Linde Group

13.3.1 Company Overview

13.3.2 Financial Updates

13.3.3 Product/Business Segment Overview

13.3.4 Key Developments

13.3.5 SWOT Analysis

13.3.6 Key Strategies

13.4 Arkema

13.4.1 Company Overview

13.4.2 Financial Updates

13.4.3 Product/Business Segment Overview

13.4.4 Key Developments

13.4.5 SWOT Analysis

13.4.6 Key Strategies

13.5 The Chemours Company

13.5.1 Company Overview

13.5.2 Financial Updates

13.5.3 Product/Business Segment Overview

13.5.4 Key Developments

13.5.5 SWOT Analysis

13.5.6 Key Strategies

13.6 SOL Spa

13.6.1 Company Overview

13.6.2 Financial Updates

13.6.3 Product/Business Segment Overview

13.6.4 Key Developments

13.6.5 SWOT Analysis

13.6.6 Key Strategies

13.7 GTS SPA

13.7.1 Company Overview

13.7.2 Financial Updates

13.7.3 Product/Business Segment Overview

13.7.4 Key Developments

13.7.5 SWOT Analysis

13.7.6 Key Strategies

13.8 Harp International Ltd

13.8.1 Company Overview

13.8.2 Financial Updates

13.8.3 Product/Business Segment Overview

13.8.4 Key Developments

13.8.5 SWOT Analysis

13.8.6 Key Strategies

13.9 Mexichem S.A.B de C.V.

13.9.1 Company Overview

13.9.2 Financial Updates

13.9.3 Product/Business Segment Overview

13.9.4 Key Developments

13.9.5 SWOT Analysis

13.9.6 Key Strategies

13.10 HyChill

13.10.1 Company Overview

13.10.2 Financial Updates

13.10.3 Product/Business Segment Overview

13.10.4 Key Developments

13.10.5 SWOT Analysis

13.10.6 Key Strategies

13.11 Puyang Zhongwei Fine Chemical Co. Ltd

13.11.1 Company Overview

13.11.2 Financial Updates

13.11.3 Product/Business Segment Overview

13.11.4 Key Developments

13.11.5 SWOT Analysis

13.11.6 Key Strategies

13.12 Tazzetti S.p.A

13.12.1 Company Overview

13.12.2 Financial Updates

13.12.3 Product/Business Segment Overview

13.12.4 Key Developments

13.12.5 SWOT Analysis

13.12.6 Key Strategies

13.13 Airgas, Inc

13.13.1 Company Overview

13.13.2 Financial Updates

13.13.3 Product/Business Segment Overview

13.13.4 Key Developments

13.13.5 SWOT Analysis

13.13.6 Key Strategies

13.14 THE NATURAL REFRIGERANTS COMPANY PTY LTD

13.14.1 Company Overview

13.14.2 Financial Updates

13.14.3 Product/Business Segment Overview

13.14.4 Key Developments

13.14.5 SWOT Analysis

13.14.6 Key Strategies

13.15 A-Gas International

13.15.1 Company Overview

13.15.2 Financial Updates

13.15.3 Product/Business Segment Overview

13.15.4 Key Developments

13.15.5 SWOT Analysis

13.15.6 Key Strategies

13.16 SINOCHEM LANTIAN CO., LTD.

13.16.1 Company Overview

13.16.2 Financial Updates

13.16.3 Product/Business Segment Overview

13.16.4 Key Developments

13.16.5 SWOT Analysis

13.16.6 Key Strategies

13.17 Brothers Gas

13.17.1 Company Overview

13.17.2 Financial Updates

13.17.3 Product/Business Segment Overview

13.17.4 Key Developments

13.17.5 SWOT Analysis

13.17.6 Key Strategies

13.18 E.F. International

13.18.1 Company Overview

13.18.2 Financial Updates

13.18.3 Product/Business Segment Overview

13.18.4 Key Developments

13.18.5 SWOT Analysis

13.18.6 Key Strategies

13.19 engas Australasia

13.19.1 Company Overview

13.19.2 Financial Updates

13.19.3 Product/Business Segment Overview

13.19.4 Key Developments

13.19.5 SWOT Analysis

13.19.6 Key Strategies

14. Conclusion

LIST OF TABLES

Table 1 Global Low GWP Refrigerants Market, by Region, 2020–2027

Table 2 North America: Low GWP Refrigerants Market, by Country, 2020–2027

Table 3 Europe: Low GWP Refrigerants Market, by Country, 2020–2027

Table 4 Asia-Pacific: Low GWP Refrigerants Market, by Country, 2020–2027

Table 5 Middle East & Africa: Low GWP Refrigerants Market, by Country, 2020–2027

Table 6 Latin America: Low GWP Refrigerants Market, by Country, 2020–2027

Table 7 Low GWP Refrigerants Type Market, by Region, 2020–2027

Table 8 North America: Low GWP Refrigerants Type Market, by Country, 2020–2027

Table 9 Europe: Low GWP Refrigerants Type Market, by Country, 2020–2027

Table 10 Asia-Pacific: Low GWP Refrigerants Type Market, by Country, 2020–2027

Table 11 Middle East & Africa: Low GWP Refrigerants Type Market, by Country, 2020–2027

Table 12 Latin America: Low GWP Refrigerants Type Market, by Country, 2020–2027

Table 13 Low GWP Refrigerants Application Market, by Region, 2020–2027

Table 14 North America: Low GWP Refrigerants Application Market, by Country, 2020–2027

Table 15 Europe: Low GWP Refrigerants Application Market, by Country, 2020–2027

Table 16 Asia-Pacific: Low GWP Refrigerants Application Market, by Country, 2020–2027

Table 17 Middle East & Africa: Low GWP Refrigerants Application Market, by Country, 2020–2027

Table 18 Latin America: Low GWP Refrigerants Application Market, by Country, 2020–2027

Table 19 Global Type Market, by Region, 2020–2027

Table 20 Global Application Market, by Region, 2020–2027

Table 21 North America: Low GWP Refrigerants Market, by Country, 2020–2027

Table 22 North America: Low GWP Refrigerants Market, by Type, 2020–2027

Table 23 North America: Low GWP Refrigerants Market, by Application, 2020–2027

Table 24 Europe Low GWP Refrigerants Market, by Country, 2020–2027

Table 25 Europe Low GWP Refrigerants Market, by Type, 2020–2027

Table 26 Europe Low GWP Refrigerants Market, by Application, 2020–2027

Table 27 Asia-Pacific Low GWP Refrigerants Market, by Country, 2020–2027

Table 28 Asia-Pacific Low GWP Refrigerants Market, by Type, 2020–2027

Table 29 Asia-Pacific Low GWP Refrigerants Market, by Application, 2020–2027

Table 30 Middle East & Africa: Low GWP Refrigerants Market, by Country, 2020–2027

Table 31 Middle East & Africa: Low GWP Refrigerants Market, by Type, 2020–2027

Table 32 Middle East & Africa: Low GWP Refrigerants Market, by Application, 2020–2027

Table 33 Latin America: Low GWP Refrigerants Market, by Country, 2020–2027

Table 34 Latin America: Low GWP Refrigerants Market, by Type, 2020–2027

Table 35 Latin America: Low GWP Refrigerants Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 Low GWP Refrigerants Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Low GWP Refrigerants Market

FIGURE 4 Supply Chain of Low GWP Refrigerants Market

FIGURE 5 Share of Low GWP Refrigerants Market, by Country, 2020 (%)

FIGURE 6 Global Low GWP Refrigerants Market, 2020–2027

FIGURE 7 Sub Segments of Type

FIGURE 9 Low GWP Refrigerants Market size, by Type, 2020 (%)

FIGURE 10 Share of Low GWP Refrigerants Market, by Type, 2020–2027

FIGURE 17 Sub Segments of Application

FIGURE 18 Low GWP Refrigerants Market size, by Application, 2020 (%)

FIGURE 19 Share of Low GWP Refrigerants Market, by Application, 2020–2027