North America refrigerant market is expected to reach 358.90 thousand metric tons by 2025 from 237.77 thousand metric tons in 2017, at a CAGR of 5.4% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The major factors driving the market is shaping a climate-friendly future for supermarket refrigeration, introducing natural refrigerant, increased use of R- HFC because of its lower GWP than other alternatives. The refrigerant market in the North America region is leading in U.S.
The key market players for North America refrigerant market are listed below;
The Chemours Company
Arkema SA
Honeywell International Inc.
Dongyue Group Co. Ltd.
The Linde Group
Daikin Industries Limited
Mexichem S.A.B. De C.V.
Sinochem Corporation
Asahi Glass Co. Ltd. (AGC)
SRF Limited
Air Liquide
A-Gas International
OZ-Chill Refrigerants
Shandong Yuean Chemical
Gas Servei S.A.
Zhejiang Fotech International Co Ltd.
Changsu 3F Fluorochemical Industry Co Ltd.
Tazzetti SPA
Quimobasico
The market is further segmented into;
Industry
Application
The North America refrigerant market is segmented on the basis of industry and application. Based on industry, the North America refrigerant market is segmented into domestic household refrigeration, light commercial refrigeration, commercial racks and condensing units and industrial refrigeration. Domestic household refrigeration is sub segmented into hydrocarbons and fluorocarbons. The hydrocarbons are further sub segmented into propane, isobutene and others. The fluorocarbons are further sub segmented into HCFC?s, HFC?s and hydrofluro olefins. Light commercial refrigeration is sub segmented into carbon dioxide, hydrocarbons, fluorocarbons and low GWP alternatives. The hydrocarbons are further sub segmented into propane, isobutene and others. The fluorocarbons are further sub segmented into HCFC?s, HFC?s and hydrofluro olefins. Commercial racks and condensing units is further segmented carbon dioxide, hydrocarbons, fluorocarbons, low GWP alternatives and ammonia. The hydrocarbons are further sub segmented into propane, isobutene and others. The fluorocarbons are further sub segmented into HCFC?s, HFC?s and hydrofluro olefins. Industrial refrigeration is further segmented into five types which include carbon dioxide, hydrocarbons, fluorocarbons, low GWP alternatives and ammonia. The hydrocarbons are further sub segmented into propane, isobutene and others. The fluorocarbons are further sub segmented into HCFC?s, HFC?s and hydrofluro olefins. In 2018, domestic household is expected to dominate the North America refrigerant market with 46.1% market share and is expected to reach USD 170.30 thousand metric tons by 2025, with a CAGR of 5.9% in the forecast period 2017 to 2024.
On the basis of application, the refrigerant market is segmented refrigerators, large-scale refrigerators, chillers, air conditioners, heat pumps and others. Refrigerators are sub segmented into domestic, commercial and transport. Large-scale refrigerators are sub segmented into supermarkets and industrial. Chillers are sub segmented into displacement and centrifugal. In 2018, refrigerators segment is expected to dominate the North America refrigerant market with 34.2% market share and is expected to reach USD 132.62 thousand metric tons by 2025, with the highest CAGR of 6.6% in the forecast period 2017 to 2024.
Based on geography, the market is segmented into;
U.S.
Canada
Mexico
Covered in this report
The report covers the present scenario and the growth prospects of the North America refrigerant for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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