Latest research on Automotive Refrigerants Market

Automotive Refrigerants Market Latest Edition Published with Forecast to 2028
Various amendments introduced by the government for ozone protection such as the cut of Australia’s use of HFCs by 20% in 2018 and banned the usage of R134a in Europe and the United States. are leading to increasing the demand for new and less harmful refrigerants.

The article cited AMA's "Global Automotive Refrigerants Market Study" explored substantial growth of %. According to the report, Acceptance of Nontoxic Refrigerants, for Controlling Environmental Concern is one of the primary growth factors for the market. Increasing Rate of Automobiles Globally is also expected to contribute significantly to the Automotive Refrigerants market. Overall, OEM applications of Automotive Refrigerants, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Vehicle Type, such as Passenger cars, is boosting the Automotive Refrigerants market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Automotive Refrigerants market identified that the demand is rising in many different parts of the world as "The Growing use of Air Conditioning System in the Automotive Industry ". Furthermore, some recent industry insights like "In February 2021 Koura, the global leader in the development Launched Klea 473A, the first next-generation low GWP refrigerant under the A1 refrigerant classification proposed by the ASHRAE SSPC34 committee, manufacturing and supplying fluorine products. Koura Klea 473A is designed to achieve high performance with significantly lower Global Warming Potential (GWP) than conventional refrigerants in cryogenic cooling applications such as high-value cold chains, vaccine storage, climate test chambers, transportation, and other medical applications." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automotive Refrigerants market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Refrigerants market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Automotive Refrigerants Market Study

Data Triangulation
The overall Automotive Refrigerants market size is calculated using market estimation process, the Automotive Refrigerants market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Refrigerants market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager