Global next generation refrigerants market is projected to witness a CAGR of 9.5% during forecast period and is expected to reach $ 4.51 billion during forecast period. A refrigerant is a substance or mixture, usually a fluid, used in a heat pump and refrigeration cycle. In most cycles, it undergoes phase transitions from a liquid to a gas and back again. Notably, rapid increase in the demand for air conditioners, heat pumps and refrigeration among others, is providing immense opportunities for the market to prosper further. Next generation refrigeration industry is at the peak of technological advancement and is anticipated to further expand its application areas. Global next generation refrigerants market is fueled by strict regulatory environment and growing consumer awareness, owing to which many industries are moving towards products with minimal impact on the environment. However, the existing conventional refrigerants, including R22, R32, R134a, R544, among others, have high global warming potential and ozone depletion potential. However, the next generation refrigerants, such as Ammonia (R-717), 1,3,3,3-Tetrafluoropropene (R-1234ze), and 2,3,3,3-Tetrafluoropropene (R-1234yf), among others have minimal to zero global warming potential (GWP) and ozone depletion potential (ODP). The demand for next generation refrigerants is increasing rapidly, owing to the growing preference for production procedures which are less harmful for the environment. Natural refrigerant and Hydrofluoro olefins (HFO) are the two types of next generation refrigerants with zero-ozone depletion potential (ODP) and global warming potential (GWP).

Natural refrigerants are naturally occurring and non-synthetic substances that can be used as cooling agents in both air-conditioners and refrigerators. These substances include hydrocarbons such as butane, propane and cyclopentane, ammonia, CO2, water, and air. These natural refrigerants have negligible or zero ozone depletion potential (ODP) thereby, lowering the impact on global warming. A few natural refrigerants include carbon dioxide (R-744), ammonia (R-717), and hydrocarbon refrigerants such as propane (R-290), isobutane (R-600a), and others.

Regionally, global next generation refrigerants market has been segmented into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Among regions, Europe dominated global next generation refrigerants market in 2018 with 36.8% share on account of increasing government initiatives which include F-Gas regulation against HCFCs and HFCs, which resulted in rise in demand for natural refrigerants and HFO in the region. Furthermore, commercial supermarkets have largely taken over the usage of carbon dioxide as a refrigerant in refrigeration and air conditioning systems, which is further anticipated to increase the demand for natural refrigerants in the region.

Some of the key players operating in global next generation refrigerants market include, AGC Inc., Arkema SA, ASPEN Refrigerants, Inc., Daikin Industries, Ltd., Harp International Ltd., Honeywell International Inc., SRF Limited, Tazzetti S.p.A, The Chemours Company, The Linde Group, among others.

 

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast global next generation refrigerants market size.
  • To forecast global next generation refrigerants market based on type, application, end user and regional distribution.
  • To identify drivers and challenges for global next generation refrigerants market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global next generation refrigerants market.
  • To conduct pricing analysis for next generation refrigerants market.
  • To identify and analyze the profile of leading players involved in the manufacturing of next generation refrigerants.


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Some of the leading players in global next generation refrigerants market are AGC Inc., Arkema SA, ASPEN Refrigerants, Inc., Daikin Industries, Ltd., Harp International Ltd., Honeywell International Inc., SRF Limited, Tazzetti S.p.A, The Chemours Company, The Linde Group, among others.

 

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in global next generation refrigerants market.

TechSci Research calculated global next generation refrigerants market size using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Next generation refrigerants manufacturers and suppliers
  • Government and other regulatory bodies
  • Organizations, forums and alliances related to next generation refrigerants
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global next generation refrigerants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type:
    • Natural Refrigerants (CO2(R-744), NH3 (R-717)
    • Hydrofluoroolefins (HFOs)
    • Others
  • Market, By Application:
    • Refrigeration
    • Air Conditioning
    • Heat Pump
    • Others
  • Market, By End-User:
    • Residential
    • Commercial
    • Industrial  
    • Transportation
  • Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • Russia
      • United Kingdom
      • France
      • Italy
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global next generation refrigerants market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.


In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Factors to be considered for product selection

4.2.  Factors influencing purchase decision

4.3.  Challenges/issues faced post purchase

4.4.  Unmet needs

5.    Global Next Generation Refrigerants Industry Overview

6.    Global Next Generation Refrigerants Market Outlook

6.1.  Market Size and Forecast

6.1.1.   By Value

6.2.  Market Share and Forecast

6.2.1.   By Type (Natural Refrigerants (CO2(R-744), NH3 (R-717), Hydrofluoroolefins (HFOs), Others)

6.2.2.   By Application (Air Conditioning, Refrigeration, Heat Pump, Others)

6.2.3.   By End-Use (Industrial, Residential, Commercial, Transportation)

6.2.4.   By Company

6.2.5.   By Region

6.3.    Market Attractive Index

7.    Europe Next Generation Refrigerants Market Outlook

7.1.   Market Size and Forecast

7.1.1.   By Value

7.2.  Market Share & Forecast

7.2.1.   By Type

7.2.2.   By Application

7.2.3.   By End - Use

7.2.4.   By Country

7.3.   Germany Next Generation Refrigerants Market Outlook

7.3.1.   Market Size and Forecast

7.3.1.1.               By Value

7.3.2.   Market Share and Forecast

7.3.2.1.                By Application

7.3.2.2.                 By End-Use                                       

7.4.  Russia Next Generation Refrigerants Market Outlook

7.4.1.    Market Size and Forecast

7.4.1.1.                By Value

7.4.2.    Market Share and Forecast

7.4.2.1.                By Application

7.4.2.2.                 By End-Use

7.5.  United Kingdom Next Generation Refrigerants Market Outlook

7.5.1.    Market Size and Forecast

7.5.1.1.                By Value

7.5.2.    Market Share and Forecast

7.5.2.1.               By Application

7.5.2.2.               By End-User

7.6.  France Next Generation Refrigerants Market Outlook

7.6.1.    Market Size and Forecast

7.6.1.1.                By Value

7.6.2.    Market Share and Forecast

7.6.2.1.                By Type

7.6.2.2.                By Application

7.6.2.3.               By End-User

7.7.   Italy Next Generation Refrigerants Market Outlook

7.7.1.    Market Size and Forecast

7.7.1.1.                By Value

7.7.2.    Market Share and Forecast

7.7.2.1.                By Application

7.7.2.2.                By End-Use

8.    North America Next Generation Refrigerants Market Outlook

8.1.   Market Size and Forecast

8.1.1.   By Value  

8.2.  Market Share & Forecast

8.2.1.   By Type

8.2.2.   By Application

8.2.3.   By End-Use

8.2.4.   By Country

8.3.   United States Next Generation Refrigerants Market Outlook

8.3.1.   Market Size and Forecast

8.3.1.1.               By Value

8.3.2.   Market Share and Forecast

8.3.2.1.               By Application

8.3.2.2.               By End-Use

8.4.  Canada Next Generation Refrigerants Market Outlook

8.4.1.   Market Size and Forecast

8.4.1.1.               By Value

8.4.2.   Market Share and Forecast

8.4.2.1.               By Application 

8.4.2.2.               By End-Use

8.5.   Mexico Next Generation Refrigerants Market Outlook

8.5.1.   Market Size and Forecast

8.5.1.1.               By Value

8.5.2.   Market Share and Forecast

8.5.2.1.                By Application

8.5.2.2.                By End-Use

9.    Asia-Pacific Next Generation Refrigerants Market Outlook

9.1.   Market Size and Forecast

9.1.1.   By Value

9.2.  Market Share & Forecast

9.2.1.   By Type

9.2.2.   By Application

9.2.3.   By End-Use

9.2.4.   By Country

9.3.  China Next Generation Refrigerants Market Outlook

9.3.1.   Market Size and Forecast

9.3.1.1.               By Value

9.3.2.   Market Share and Forecast

9.3.2.1.               By Application 

9.3.2.2.               By End-Use                             

9.4.  Japan Next Generation Refrigerants Market Outlook

9.4.1.    Market Size and Forecast

9.4.1.1.                By Value

9.4.2.    Market Share and Forecast

9.4.2.1.                By Application

9.4.2.2.                By End-Use

9.5.   India Next Generation Refrigerants Market Outlook

9.5.1.    Market Size and Forecast

9.5.1.1.                By Value

9.5.2.    Market Share and Forecast

9.5.2.1.                By Application

9.5.2.2.                By End-Use

9.6.  Australia Next Generation Refrigerants Market Outlook

9.6.1.    Market Size and Forecast

9.6.1.1.                By Value

9.6.2.    Market Share and Forecast

9.6.2.1.                By Type

9.6.2.2.                By Application

9.6.2.3.               By End-User

9.7.  South Korea Next Generation Refrigerants Market Outlook

9.7.1.    Market Size and Forecast

9.7.1.1.                By Value

9.7.2.    Market Share and Forecast

9.7.2.1.               By Application

9.7.2.2.               By End-Use

10.  South America Next Generation Refrigerants Market Outlook

10.1.           Market Size and Forecast

10.1.1.                By Value

10.2.          Market Share & Forecast

10.2.1.                By Type

10.2.2.                By Application

10.2.3.                By End-Use

10.2.4.                By Country

10.3.            Brazil Next Generation Refrigerants Market Outlook

10.3.1.                Market Size and Forecast

10.3.1.1.            By Value

10.3.2.                Market Share and Forecast

10.3.2.1.             By Application

10.3.2.2.             By End-Use

10.4.            Argentina Next Generation Refrigerants Market Outlook

10.4.1.                Market Size and Forecast

10.4.1.1.            By Value

10.4.2.                Market Share and Forecast

10.4.2.1.            By Application

10.4.2.2.            By End-Use     

10.5.          Colombia Next Generation Refrigerants Market Outlook

10.5.1.                Market Size and Forecast

10.5.1.1.            By Value

10.5.2.                Market Share and Forecast

10.5.2.1.             By Application

10.5.2.2.            By End-User

11.  Middle East & Africa Next Generation Refrigerants Market Outlook

11.1.           Market Size and Forecast

11.1.1.                By Value  

11.2.          Market Share & Forecast

11.2.1.                By Type

11.2.2.                By Application

11.2.3.                By End-Use

11.2.4.                By Country

11.3.           Saudi Arabia Next Generation Refrigerants Market Outlook

11.3.1.                Market Size and Forecast

11.3.1.1.            By Value

11.3.2.                Market Share and Forecast

11.3.2.1.             By Application

11.3.2.2.             By End-Use

11.4.           South Africa Next Generation Refrigerants Market Outlook

11.4.1.                Market Size and Forecast

11.4.1.1.            By Value

11.4.2.                Market Share and Forecast

11.4.2.1.            By Application

11.4.2.2.            By End-Use     

11.5.          UAE Next Generation Refrigerants Market Outlook

11.5.1.                Market Size and Forecast

11.5.1.1.            By Value

11.5.2.                Market Share and Forecast

11.5.2.1.            By Application

11.5.2.2.            By End-Use

11.6.          Qatar Next Generation Refrigerants Market Outlook

11.6.1.                Market Size and Forecast

11.6.1.1.            By Value

11.6.2.                Market Share and Forecast

11.6.2.1.             By Application

11.6.2.2.             By End-Use

12.   Market Dynamics

12.1.           Drivers

12.2.           Challenges

13.  Market Trends & Developments

14.  Pricing Analysis

15.  Competitive Landscape

15.1.          Competition Benchmarking

15.2.          Company Profiles (Leading companies)

15.2.1.                 AGC Inc.

15.2.2.                Arkema SA

15.2.3.                ASPEN Refrigerants, Inc.

15.2.4.                Daikin Industries, Ltd.

15.2.5.                Harp International Ltd.

15.2.6.                Honeywell International Inc.

15.2.7.                SRF Limited

15.2.8.                Tazzetti S.p.A

15.2.9.                The Chemours Company

15.2.10.              The Linde Group

16.   Strategic Recommendations

             (Note: The companies list can be customized based on the client requirements)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

    Figure 1: Global Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 2: Global Next Generation Refrigerants Market Share, By Type, 2014-2024F

    Figure 3: Global Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 4: Global Next Generation Refrigerants Market Share, By End User, By Value, 2014-2024F

    Figure 5: Global Next Generation Refrigerants Market Share, By Region, By Value, 2014-2024F

    Figure 6: Global Next Generation Refrigerants Market Share, By Company, By Value, 2018

    Figure 7: Global Next Generation Refrigerants Market Attractiveness Index, By Application, By Value, 2019E-2024F

    Figure 8: Global Next Generation Refrigerants Market Attractiveness Index, By Region, By Value, 2019E-2024F

    Figure 9:  Europe Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 10: Europe Next Generation Refrigerants Market Share, By Type, By Value, 2014-2024F     

    Figure 11: Europe Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F       

    Figure 12:  Europe Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 13:  Europe Next Generation Refrigerants Market Share, By Country, By Value, 2014-2024F

    Figure 14: Germany Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 15: Germany Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 16:  Germany Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 17:  Russia Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 18: Russia Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 19:  Russia Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 20:  United Kingdom Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 21:  United Kingdom Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 22:  United Kingdom Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 23:  France Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 24:  France Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 25:  France Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 26:  Italy Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 27: Italy Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 28:  Italy Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 29:  North America Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 30: North America Next Generation Refrigerants Market Share, By Type, By Value, 2014-2024F     

    Figure 31: North America Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F       

    Figure 32: North America Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 33: North America Next Generation Refrigerants Market Share, By Country, By Value, 2014-2024F

    Figure 34: United States Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 35: United States Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 36:  United States Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 37: Canada Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 38: Canada Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 39: Canada Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 40: Mexico Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 41: Mexico Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 42: Mexico Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 43:  Asia – Pacific Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 44: Asia – Pacific Next Generation Refrigerants Market Share, By Type, By Value, 2014-2024F     

    Figure 45: Asia – Pacific Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F       

    Figure 46: Asia – Pacific Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 47:  Asia – Pacific Next Generation Refrigerants Market Share, By Country, By Value, 2014-2024F

    Figure 48: China Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 49: China Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 50: China Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 51: Japan Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 52: Japan Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 53: Japan Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 54: India Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 55: India Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 56: India Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 57: Australia Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 58: Australia Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 59: Australia Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 60: South Korea Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 61: South Korea Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 62: South Korea Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 63:  South America Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 64: South America Next Generation Refrigerants Market Share, By Type, By Value, 2014-2024F     

    Figure 65:  South America Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F       

    Figure 66:  South America Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 67:  South America Next Generation Refrigerants Market Share, By Country, By Value, 2014-2024F

    Figure 68: Brazil Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 69:  Brazil Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 70: Brazil Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 71: Argentina Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 72: Argentina Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 73:  Argentina Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 74: Colombia Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 75: Colombia Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 76:  Colombia Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 77: Middle East & Africa Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 78: Middle East & Africa Next Generation Refrigerants Market Share, By Type, By Value, 2014-2024F     

    Figure 79: Middle East & Africa Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F       

    Figure 80: Middle East & Africa Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 81:   Middle East & Africa Next Generation Refrigerants Market Share, By Country, By Value, 2014-2024F

    Figure 82: Saudi Arabia Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 83:  Saudi Arabia Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 84: Saudi Arabia Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 85: South Africa Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 86: South Africa   Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 87: South Africa Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 88: UAE Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 89: UAE Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 90: UAE Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F

    Figure 91: Qatar Next Generation Refrigerants Market Size, By Value, 2014-2024F (USD Mn)

    Figure 92: Qatar Next Generation Refrigerants Market Share, By Application, By Value, 2014-2024F

    Figure 93: Qatar Next Generation Refrigerants Market Share, By End Use, By Value, 2014-2024F