Market Overview:
An aerosol is consist of solid particles that are uniformly distributed in a finely divided state through a gas, usually air, and the size of suspended particles varies from 0.001 to 100 microns. Whereas refrigerant is a chemical substance or mixture of fluids that function as cooling agents in heat pumps and refrigeration cycles. Its working is based on the principle of phase transition that is liquid to gas & vice versa at flexible operating temperatures. Various types of refrigerants can be used as a primary working fluid in absorption refrigeration systems as well as secondary fluids to convey thermal energy from one medium to another. Due to the growing demand for natural refrigerants, there is increasing awareness regarding environmental protection. This product offers a cooling solution to the end-user industries, thus driving industry growth. In addition to this, rising demand for consumer appliances including refrigerators and air conditioners is expected to have a positive impact on the growth of the industry over the upcoming years.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Akzo Nobel (Netherlands), Arkema Group (France), DAIKIN INDUSTRIES (Japan), Dongyue Group (China), SRF (India), The Chemours Company (United States) and Honeywell International Inc. (United States) |
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 |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Aerosol Refrigerants Market Study:
Akzo Nobel (Netherlands), Arkema Group (France), DAIKIN INDUSTRIES (Japan), Dongyue Group (China), SRF (India), The Chemours Company (United States) and Honeywell International Inc. (United States)
Aerosol Refrigerants Market Segment Analysis
Scope | Sub-Segments |
---|
Type | HCFC (HydroChlorofluorocarbons), HFC (hydrofluorocarbons), HFO (Hydrofluoroolefins), Isobutane, Propane, Ammonia, Carbon Dioxide and Others |
Product Material | Aluminum,Steel |
Distribution Channel | Ecommerce,Wholesalers and Retailers |
Influencing Trend:
Replacement of high-GWP refrigerants with low-GWP alternatives, Plastic aerosol cans gaining prominence and Updated refrigerant management requirements
Market Growth Drivers:
Increasing demand for refrigerators, air conditioners, and chillers and Rising Demand for Aerosol in Pharmaceutical Products
Challenges:
Raw material price fluctuations
Restraints:
Availability of Substitutional Product
Opportunities:
Rapid Industrialization in Developing Countries and Increasing Investment in the Medical Industry
.
Latest Industry Highlights:
In 23, The Chemours Company, a global chemical company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, Invests Capacity in Low Global Warming Potential Opteon 1100 Foam Blowing Agent and Opteon SF33 Specialty Fluid announced. The ultra-low GWP, expandable triple capacity of the hydrofluoroolefin solution enables customers and value chain partners to meet the growing demand for sustainable and efficient HFO-1336mzzZ-based fluids.
In April 2022, Akzo Nobel N.V. acquired Colombia-based paints and coatings company Grupo Orbis, strengthening its long-term presence in Latin America. The transaction includes the Pintuco paints and coatings business, Andercol and Poliquim (resins, emulsions, adhesives, and specialty chemicals), Mundial (paints and related products distribution services), and Centro de Servicios Mundial (shared services center).
EPA is proposing to add hazardous waste aerosol cans to those “universal wastes” regulated under title 40 of the Code of Federal Regulations (CFR), part 273. This change in the Resource Conservation and Recovery Act (RCRA) regulations, will reduce regulatory costs of a wide variety of establishments generating and managing aerosol cans, including the retail sector, by providing a clear, practical system for handling discarded aerosol cans
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aerosol Refrigerants market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Aerosol Refrigerants market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Aerosol Refrigerants, Distributors of Aerosol Refrigerants, Healthcare Industry and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.