Aerosol Refrigerants Market Size, Revenue Share, Key Players, Growth Analysis and Forecast, 2017-2027

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Reports and data

Growing demand from the residential segment for HVAC systems is driving the market demand.

NEW YORK, NY, USA, July 29, 2022 /EINPresswire.com/ — The global aerosol coolant market is expected to reach USD 1.48 billion in 2027. Growing demand for large-scale chillers, refrigerators and air conditioning systems in the world is expected to drive product demand.

Due to the waning plan of hydrofluorocarbons and the shift towards environmentally friendly natural products, the commercial refrigeration and portable air conditioner sector is expected to grow significantly over the forecast period. Recent years have also seen an upward trend in the demand for cooling equipment, which has increased the use of aerosol refrigerants in the economy.

A large number of commodity industry manufacturers are in the market. Additionally, the industry uses organic and active ingredients due to concerns over the use of volatile organic compounds in substitute products.

The growth of e-commerce sites makes it easier to buy goods from companies from discounts on their costs. In addition, the demand from the post-trade sector has increased, since small volumes can be packed in these containers. The industry is expected to experience an increase in the cost of raw materials, such as cans, thrusters and actuators.

The industry is characterized by a strict regulatory framework for the use of types of coolants. Moreover, the development of technologically advanced products that do not harm the environment is one of the main new trends in the industry. However, increasing product penetration will increase the profit margins of manufacturers contributing to the growth of the industry.

The impact of COVID-19:
The COVID-19 pandemic will likely disrupt the growth of the industry to some extent. Prominent business leaders are pessimistic about the market outlook and continue to alter their plans to deal with the threat. The pandemic has had a severe impact on the HVAC sector and most major manufacturers have been forced to shut down both manufacturing and other activities. Labor is in short supply in some parts of the world due to frequent closures. International trade, exports and imports have affected COVID-19, which has led to a significant reduction in demand in the industry. The big companies in the market are looking to clean up their inventories and are focusing on holding their cash. In a way, this pandemic also provides an opportunity to expand the industry amidst these deadly situations, as consumers will be more health and safety conscious and therefore will focus on adopting more alternatives. durable. Manufacturers are trying to find innovative solutions that will meet the needs of customers much cheaper and reduce their average disposable income.

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Major market players include Navin Fluorite International Ltd, Arkema Group, Honeywell International Inc., Daikin Industries, Ltd., Baltic Refrigeration Group, Dongyue Group, Sinochem Corporation, The Chemours Company, SRF Limited, and A-Gas, among others.

Other key findings from the report suggest

• The growth of aluminum aerosol coolers in North America and Europe is expected to be significant by 2027 due to their low weight and the increase in metal recycling activities.
• The growing demand is expected to have a positive effect on the growth of the household, commercial refrigeration and air conditioning systems industry in the region.
• Aerosol coolants would be widely used in components during the forecast period and would replace metal parts under the hood.
• Due to increasing industrialization and high demand for refrigeration products in Asia-Pacific region by 2027, the market is expected to witness the fastest growth.
• In February 2017, Honeywell confirmed the use of Honeywell’s Solstice coolant in the latest chiller production line in India by Kirloskar Chillers, a subsidiary of Kirloskar Company. In India, the Near East, Southeast Asia and Europe, chillers, which are large central air conditioners, can now be installed in industrial and commercial buildings.
• In June 2019, Honeywell began full-scale commercial production of the aerosol, insulator, and overall low-heat/warm-up coolant. The substance is sold in the Solstice line of global low-grade hot materials at Honeywell Fluorine Products in Baton Rouge, Louisiana. The substance is produced.

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For the purposes of this report, the reports and data have been segmented into the global aerosol refrigerants market on the basis of product, material, application and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

• Hydrochlorofluorocarbons
• hydrofluorocarbons
• Hydrofluoroolefins
• Others

Material Outlook (Revenue, USD Billion; 2017-2027)

• Aluminum
• Steel
• Plastic
• Others

Application Outlook (Revenue, USD Billion; 2017-2027)

• Housework
• Commercial
• Industrial
• Others

Regional outlook:

• North America
o United States
o Canada
o Mexico
• Europe
o Russia
o United Kingdom
o Germany
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East and Africa
o Saudi Arabia
o WATER
o Israel
o Rest of MEA

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Summary of key points from the report:

• It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
• The study categorizes the market based on product types, applications, end-users, market value and volume, industry verticals and 5 major regions.
• Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
• The study provides a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
• The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis and price analysis to provide accurate market insights.

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