(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Refrigerant Gases Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Refrigerant Gases Market products.
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A report on Refrigerant Gases Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021. On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide.
The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Refrigerant Gases Market – By Value, By Volume, By Type of Refrigerant Gas (Fluorocarbons, Inorganic and Hydrocarbons), By Region and By Country (U.S., Canada, Mexico, Brazil, Argentina, Germany, France, United Kingdom, China, India, Japan, Saudi Arabia, UAE and South Africa).
According to Azoth Analytics research report“Global Refrigerant Gases Market (Value, Volume) – By Type (Fluorocarbon, Hydrocarbon, Inorganic), By Application (Refrigerators, ACs, Chillers, Heat Pumps), By Region, By Country: Opportunities and Forecasts (2018-2023)” global market is projected to display a robust growth represented by a CAGR of 4.69% during 2018-2023.
Fluorocarbon gas segment holds the major market share and is expected to continue its leadership in the forecast period on the back of use of much environment friendly HFO gases as alternative of HCFC and HFCs which are under global phase out plan under Montreal and Kyoto Protocols. Overall refrigerant gas market is expected to grow majorly due to increasing per capita disposable income of population in developing countries which enables them to buy refrigerators and air conditioners. Amongst the regions, Asia Pacific accounts for the largest regional share in the global refrigerant gas market in 2018. Key factors driving the robust Asia Pacific market increasing commercial and industrial activities in the region demanding for infrastructural developing of the countries of the region accompanied by increasing penetration of air conditioner and refrigerator market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The report titled“Global Refrigerant Gases Market (Value, Volume) – By Type (Fluorocarbon, Hydrocarbon, Inorganic), By Application (Refrigerators, ACs, Chillers, Heat Pumps), By Region, By Country: Opportunities and Forecasts (2018-2023) – By Region (North America, South America, Europe, APAC, MEA), By Country (US, Canada, Mexico, Brazil, Argentina, Germany, France, UK, China, India, Australia, Japan, Saudi Arabia, UAE, South Africa)” has covered and analyzed the potential of Global Refrigerant Gas Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global refrigerant gas market.
Scope of the Report
Global Refrigerant Gas Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Global Refrigerant Gas Market, By Value – Size and Growth
• Global Refrigerant Gas Market, By Volume – Size and Growth
• Global Refrigerant Gas Market, By Type, By Value (Fluorocarbons, Inorganic and Hydrocarbons)
Regional Markets – North America, South America, Europe, APAC and Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Refrigerant Gas Market, By Value – Size and Growth
• Refrigerant Gas Market, By Volume – Size and Growth
• Refrigerant Gas Market, By Type, By Value (Fluorocarbons, Inorganic and Hydrocarbons)
Country Analysis – U.S., Canada, Mexico, Brazil, Argentina, Germany, France, United Kingdom, China, India, Japan, Saudi Arabia, UAE and South Africa)
• Refrigerant Gas Market, By Value – Size and Growth
• Refrigerant Gas Market, By Volume – Size and Growth
• Refrigerant Gas Market, By Type, By Value (Fluorocarbons, Inorganic and Hydrocarbons)
Other Report Highlights
• Segment Wise Market Share-By Company
• Market Dynamics – Drivers and Restraints
• Market Trends
• Company Analysis – SRF Limited, Daikin Industries Ltd., Arkema S.A., Linde Group, Honeywell International Inc, The Chemours Company, Praxair Inc.
Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.
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Darlene Dooley
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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