What is Automotive Refrigerants Market Scope?
Automobiles Refrigerants are used in the air conditioning system, in order to absorb and release the heat inside the automobiles. It is an essential part of the automotive air conditioning system, hence the growing demand for automobiles all over the world is increasing the demand for the automotive refrigerant. There are different types of air refrigerants, by keeping concern regarding the environmental condition the manufactures are producing efficient and eco-friendly refrigerants in the air conditioning system. An increasing number of automobiles are driving this industry.
Influencing Trend:
Acceptance of Nontoxic Refrigerants, for Controlling Environmental Concern
Market Growth Drivers:
Increasing Rate of Automobiles Globally and Higher Time-Spend inside Vehicles is Leading to Demand for Cabin Comfort Features such as Automobiles Refrigerants
Challenges:
Issue Related with Some Technical Constraints and Maintenance during the Usage of Air Conditioning Refrigerant
Restraints:
Increasingly Stringent Regulations Against Fluorocarbon Refrigerants and Concern Related Towards the Flammability and Toxicity Issues
Opportunities:
The Growing use of Air Conditioning System in the Automotive Industry and Rising Long-distance travel and rising traffic congestion is also Giving the Opportunity in this Industry
The Automotive Refrigerants market study is being classified by Type (R134a, R1234yf, R12 and Others), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Automotive Refrigerants market throughout the predicted period.
Honeywell (United States), Arkema (France), Oz-Chill (Australia), HELLA GmbH & Co. KGaA (Germany), Mexichem (Mexico), Chemours (United States), The Linde Group (Germany) and SINOCHEM GROUP (China) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Refrigerants market by Type, Application and Region.
On the basis of geography, the market of Automotive Refrigerants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In February 2022, Arkema acquired Ashland's Performance Adhesives business, a leading U.S. leader in high-performance adhesives. This work is a major step in Arkema's strengthening of its adhesive solutions division and fully aligns with the group's strategy to become pure specialty materials.
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.
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.
Key Target Audience
Automotive Refrigerants Manufactures, Automotive Refrigerants Distributors, Potential Investor, End-User and Others
Automotive Refrigerants Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Refrigerants Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Refrigerants industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.