Refrigerator Market Witness  to Huge Growth by 2028
                     Refrigerant Market Global Analysis and
Forecast to 2028
Published Date : Apr 2022
 
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Report Studies
 Refrigerant Market Forecast to 2028 - COVID-19 Impact and Global Analysis By 
Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and 
Others) and Application (Refrigeration Systems, Chillers, Air-Conditioning Systems, 
MACs, and Others)
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Refrigerant Market 
Overview
 The refrigerant market was valued at US$ 16,458.3 million in 2021 and is projected to reach 
US$ 25,534.6 million by 2028; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.
 The refrigerant undergoes a continuous transition of phase from liquid to gas and then gas to 
liquid in the refrigeration process. Refrigerants are highly used as coolants in refrigeration 
systems, chillers, and air conditioning to absorb heat from the surroundings and pump it 
outside.In 2020, Asia Pacific held the largest revenue share of the global refrigerant market. 
 HFC refrigerants are preferred in industrial chillers due to their perfect thermal stability, 
minimal toxicity, non-corrosiveness, and non-combustibility.
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Key Segment Market
Segment By Type:-
 By Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and Others)
 Application (Refrigeration Systems, Chillers, Air-Conditioning Systems, MACs, and Others)
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e
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$50,000
Refrigerant Value $40,000
$30,000
CAGR of  6.5% 
$20,000
(2021 - 2028)
$10,000
$0
20XX 20XX 20XX 20XX 20XX
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Company Profiles
 The Chemours Company
 Arkema
 Honeywell International Inc.
 Linde plc
 Air Liquide
 Dongyue Group
 SINOCHEM GROUP CO., LTD.
 DAIKIN INDUSTRIES, Ltd.
 AGC Inc.
 Airgas, Inc.
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e
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By Geography
 North America (the US, Canada, and Mexico)
 Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe)
 Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific)
 Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & 
Africa)
 South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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