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North America Refrigerants Market by Type (HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, Others) & Application (Refrigeration Systems, Chillers, Air Conditioning Systems, and MAC) - Forecast to 2030
USD 2.41 BN
MARKET SIZE, 2030
CAGR 6.36%
(2025-2030)
200
REPORT PAGES
68
MARKET TABLES
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The North America refrigerants market is projected to grow from USD 1.75 billion in 2025 to USD 2.41 billion by 2030, at a CAGR of 6.36% during the forecast period. The growth is driven by the region’s strong regulatory push toward low-GWP alternatives, the federal AIM Act HFC phase-down schedule, and state-level restrictions led by the California Air Resources Board (CARB). The market is shifting rapidly away from high-GWP HFCs, including R-404A, R-410A, and R-134a, toward climate-friendly HFOs, HFO blends, CO2, and propane. Growth is further supported by the rising demand for energy-efficient HVAC systems, large-scale replacement of aging commercial refrigeration units, and the surge in cold-chain expansion for pharmaceuticals, food logistics, and e-commerce. The increasing adoption of heat pumps in residential and commercial buildings, alongside OEM transitions to A2L refrigerants across chillers, rooftop units, and packaged systems, is boosting market momentum.
KEY TAKEAWAYS
-
BY TYPE
The HFO segment is projected to be the fastest-growing refrigerant type, with a CAGR of 14.87% in terms of value between 2025 and 2030.
-
BY APPLICATION
The MAC application is projected to register the highest CAGR of 6.87%, in terms of value, during the forecast period.
-
BY COUNTRY
The US dominated the North America refrigerants market in 2024, accounting for a market share of 78.3% in terms of value.
-
COMPETITIVE LANDSCAPE - KEY PLAYERS
Honeywell International Inc., The Chemours Company, Arkema, A-Gas International Limited, and Orbia Advance Corporation are identified as key players in the North America refrigerants market. These companies have strong market presence and extensive product portfolios.
-
COMPETITIVE LANDSCAPE - STARTUPS
AGC Inc., Quimobásicos, S.A. de C.V., and Refrigerants Services Inc., among other emerging players, have carved out solid positions in specialized niche segments, highlighting their potential to become future market leaders.
The North America refrigerants market is growing as industries face stricter climate regulations, accelerated HFC phase-downs, and rising compliance pressures under the AIM Act and EPA SNAP rules. Increasing emphasis on low-GWP alternatives is driving rapid substitution of legacy HFCs with next-generation HFOs, HFO blends, CO2, and propane across HVAC, refrigeration, and heat-pump applications. Expanding cold-chain infrastructure and widespread modernization of commercial cooling systems are further boosting demand for environmentally compliant refrigerants.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The consumers business influence on the North America refrigerants market is largely driven by tightening environmental regulations, rapid policy shifts under the AIM Act, and the accelerating need for low-GWP refrigerants across commercial and industrial cooling systems. Key sectors such as residential and commercial HVAC, supermarkets, cold-chain logistics, automotive air conditioning, and industrial refrigeration represent the largest consumers of compliant refrigerants for regulatory alignment and operational reliability.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Drivers
Impact
Level
-
Rapid transition toward low-GWP refrigerants driven by AIM Act and EPA regulations
-
Strong demand growth from commercial refrigeration, supermarkets, and cold-chain expansion
RESTRAINTS
Impact
Level
-
High cost of next-generation refrigerants and system retrofits
-
Supply constraints and limited domestic production of certain low-GWP alternatives
OPPORTUNITIES
Impact
Level
-
Accelerated adoption of HFOs, CO2, and hydrocarbon refrigerants across new systems
-
Growing cold-chain infrastructure and expansion of temperature-controlled logistics
CHALLENGES
Impact
Level
-
Managing phaseout timelines while ensuring system compatibility and product availability
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The North America refrigerants market is being strongly driven by the accelerated transition toward low-GWP refrigerants as mandated by the AIM Act and reinforced through EPA regulatory frameworks. These policies are phasing down high-GWP HFCs and pushing end users, including commercial refrigeration, industrial cooling, and residential HVAC, to adopt climate-friendly alternatives. As manufacturers and system operators work to remain compliant, they are increasingly investing in HFOs, natural refrigerants, and retrofittable low-GWP blends. This regulatory momentum is also prompting large-scale equipment modernization, boosting demand for efficient, certified refrigerants that meet stringent environmental performance criteria. The shift is reshaping the regional market landscape, encouraging faster product innovation and creating sustained growth opportunities for suppliers aligned with the new compliance standards.
A key restraint for the North America refrigerants market is the substantial cost burden associated with transitioning from older HFC-based systems to equipment compatible with low-GWP refrigerants. Many legacy units cannot be easily retrofitted and instead require complete system overhauls, which can be expensive for supermarkets, industrial facilities, and HVAC operators. The need for additional safety features, especially for mildly flammable A2L refrigerants, further increases installation and training expenses. These financial barriers slow replacement cycles, leading many end users to delay upgrades despite regulatory pressure. As a result, adoption rates for next-generation refrigerants remain uneven across sectors, particularly among small and mid-sized businesses with limited capital budgets.
North America’s rapidly expanding cold-chain ecosystem is unlocking major opportunities for refrigerant suppliers as demand surges across pharmaceuticals, frozen foods, and e-commerce grocery fulfillment. New cold-storage warehouses, micro-fulfillment centers, and last-mile refrigerated transport fleets are adopting advanced refrigeration systems that require reliable, energy-efficient refrigerants with strong thermal stability. The rise in biologics manufacturing, vaccine distribution networks, and high-value perishables further reinforces the need for precise, temperature-controlled environments, driving higher consumption of both traditional and low-GWP refrigerants. As companies invest in new facilities to improve supply chain resilience, refrigerant suppliers benefit from continuous replacement cycles, higher system installations, and long-term service contracts linked to these expanding logistics assets.
Managing phaseout timelines is a major challenge for the North America refrigerants market, as companies must balance regulatory deadlines with the practical realities of system compatibility and supply availability. The staggered phaseout of high-GWP HFCs under the AIM Act creates pressure on OEMs, distributors, and service contractors to align equipment upgrades, refrigerant transitions, and inventory planning within tight windows. However, not all existing systems can immediately transition to low-GWP alternatives, and mismatches between refrigerant readiness and available equipment often slow progress. At the same time, inconsistent availability of new refrigerants, components, and certified technicians complicates compliance efforts. This makes it difficult for end users to meet mandated timelines without disruption, while also ensuring that performance, safety, and operational reliability are maintained throughout the transition.
NORTH AMERICA REFRIGERANTS MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
|
|
Use of next-generation low-GWP refrigerants (R-454B, R-513A) in chillers, rooftop systems, and heat pumps | Implementation of lifecycle refrigerant tracking across service networks | Lower greenhouse gas emissions, compliance with AIM Act and CARB rules, and enhanced system reliability |
|
|
Integration of alternative, climate-friendly refrigerants into residential HVAC lines | Deployment of optimized heat-exchanger designs to minimize charge volumes | Higher energy efficiency, reduced refrigerant consumption, and improved performance in extreme climates |
|
|
Adoption of refrigerants like R-454B and R-1234ze in commercial HVAC equipment | Installation of predictive leak analytics and advanced recovery solutions | Reduced operational costs, minimized refrigerant leakage, and stronger regulatory alignment |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The ecosystem of the North America refrigerants market is shaped by a mature network of chemical manufacturers, HVAC-R equipment producers, distributors, regulatory agencies, and end-use industries that operate under strict environmental policies. The AIM Act, EPA SNAP rules, and state-level HFC phase-down measures drive continuous innovation toward low-GWP refrigerants such as HFOs, CO2, and hydrocarbons. OEMs and distributors play a central role in supporting supermarkets, cold storage operators, automotive AC suppliers, and commercial HVAC contractors with compliant, energy-efficient refrigerant solutions. The ecosystem is further strengthened by growing demand for retrofits, sustainability-focused procurement, and expanding cold chain logistics. As a result, the North America market functions as a regulation-driven, technology-intensive ecosystem that prioritizes efficiency, compliance, and reliability across all refrigeration and HVAC applications.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
HFCs remained the dominant refrigerant type in North America, largely due to their entrenched use in existing HVAC and refrigeration systems. Despite their current prevalence, HFCs are expected to grow at the slowest pace among refrigerants, driven by regulatory measures like the AIM Act and EPA restrictions that encourage a shift toward low-GWP alternatives. HFOs and other next-generation refrigerants are gradually gaining traction as industries prepare for a long-term transition to environmentally friendly solutions, ensuring a measured but steady market evolution.
Refrigeration systems in North America emerged as the second-fastest-growing application during the forecast period, reflecting increasing demand across commercial, industrial, and cold chain operations. Expansion in sectors like food processing, logistics, and commercial cold storage, coupled with the push for energy-efficient and compliant solutions, supports the steady uptake of refrigerants. Even with automation and improved system efficiency, the need for reliable cooling infrastructure keeps demand robust in this segment.
REGION
US accounted for largest share of North America refrigerants market in 2024
The US dominates the North America refrigerants market, driven by an accelerated shift toward low-GWP and natural refrigerants prompted by federal regulations and environmental mandates. The expansion of commercial refrigeration, industrial cooling, and HVAC infrastructure, coupled with technological innovations in energy-efficient and smart refrigerant systems, is boosting consumption. Growing awareness of sustainability and corporate commitments to reduce carbon footprints are encouraging early adoption of alternative refrigerants. Moreover, government incentives and industry programs supporting retrofitting of existing systems further strengthen market leadership.
NORTH AMERICA REFRIGERANTS MARKET: COMPANY EVALUATION MATRIX
In the North America refrigerants market, Honeywell International Inc. (Star) leads with a strong market share and comprehensive product portfolio, supported by advanced low-GWP, HFC, and HFO refrigerants catering to HVAC, commercial refrigeration, cold-chain, and industrial applications. Its scale, innovation-driven solutions, regulatory compliance, and broad distribution network have established it as a preferred partner for global OEMs and contractors. A-Gas International Limited (Emerging Leader) is gaining traction with its sustainable refrigerant solutions, reclamation and recovery services, and growing presence in retrofit and low-GWP refrigerant segments. While Honeywell dominates through scale, innovation, and regional reach, A-Gas demonstrates strong potential to advance toward the leaders’ quadrant as regulatory-driven demand for eco-friendly, low-GWP refrigerants and retrofit solutions accelerates.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- Honeywell International Inc. (US)
- Arkema (France)
- The Chemours Company (US)
- Linde plc (Ireland)
- Daikin Industries Ltd. (Japan)
- Orbia Advanced Corporation, S.A.B. DE C.V. (Mexico)
- AGC Inc. (Japan)
- Quimobásicos, S.A. de C.V. (Mexico)
- Gas Servei (Spain)
- A-Gas International Limited (UK)
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 1.66 Billion |
| Market Forecast in 2030 (Value) | USD 2.41 Billion |
| Growth Rate | CAGR of 6.36% from 2025 to 2030 |
| Years Considered | 2020–2030 |
| Base Year | 2024 |
| Forecast Period | 2025–2030 |
| Units Considered | Volume (Kiloton), Value (USD Billion) |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
|
| Regional Scope | North America |
WHAT IS IN IT FOR YOU: NORTH AMERICA REFRIGERANTS MARKET REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| North America Refrigerants Technology & Product Trends |
|
|
| Customer Intelligence on Key End-use Industries | Delivered insights on buying patterns, price sensitivity, and key selection criteria from major customer groups | Enables client to tailor product positioning and pricing strategies to match customer expectations |
RECENT DEVELOPMENTS
- April 2024 : Honeywell International Inc. announced a collaboration with BOSCH, where BOSCH's new line of heat pumps will feature Honeywell's energy-efficient, low global warming potential (GWP) Solstice 454B refrigerant
- May 2023 : The Chemours Company signed an agreement with Zhejiang Juhua Co., Ltd. to expand the production capacity of its ultra-low global warming potential (GWP) HFO foaming agent, Opteon 1100, and specialty fluids, Opteon SF33. The expansion will triple the capacity of HFO-1336MZZZ, meeting the increasing demand for sustainable, energy-efficient solutions. The new production is expected to begin by the end of 2025, with full capacity anticipated in early 2026.
- January 2020 : Central England Co-Operative selected Honeywell’s Solstice L40x refrigerant for its new food chilling systems.
- December 2019 : Honeywell partnered with Daikin to expand its Solstice N40 (R-448A) refrigerant market in Japan.
Table of Contents
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
TITLE
PAGE NO
1
INTRODUCTION
15
2
EXECUTIVE SUMMARY
3
PREMIUM INSIGHTS
4
MARKET OVERVIEW
4.1
INTRODUCTION
4.2
MARKET DYNAMICS
4.2.1
DRIVERS
4.2.2
RESTRAINTS
4.2.3
OPPORTUNITIES
4.2.4
CHALLENGES
4.3
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
4.4
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
5
INDUSTRY TRENDS
5.1
PORTER’S FIVE FORCES ANALYSIS
5.1.1
THREAT OF NEW ENTRANTS
5.1.2
THREAT OF SUBSTITUTES
5.1.3
BARGAINING POWER OF BUYERS
5.1.4
BARGAINING POWER OF SUPPLIERS
5.1.5
INTENSITY OF COMPETITIVE RIVALRY
5.2
MACROECONOMIC OUTLOOK
5.3
SUPPLY CHAIN ANALYSIS
5.3.1
RAW MATERIAL SUPPLIERS
5.3.2
NORTH AMERICA REFRIGERANT MANUFACTURERS
5.3.3
DISTRIBUTION NETWORK
5.3.4
END-USE INDUSTRIES
5.4
ECOSYSTEM ANALYSIS
5.5
PRICING ANALYSIS
5.5.1
INDICATIVE SELLING PRICE OF REFRIGERANTS, BY APPLICATION, FOR KEY PLAYERS,
5.5.2
INDICATIVE SELLING PRICE TREND OF REFRIGERANTS, BY COUNTRY, 2022–2030
5.6
TRADE ANALYSIS
5.6.1
EXPORT SCENARIO
5.6.2
IMPORT SCENARIO
5.7
KEY CONFERENCES & EVENTS IN 2025–2026
5.8
TRENDS DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.9
INVESTMENT AND FUNDING SCENARIO
5.10
CASE STUDY ANALYSIS
5.11
IMPACT OF 2025 US TARIFF – NORTH AMERICA REFRIGERANTS MARKET
5.11.1
INTRODUCTION
5.11.2
KEY TARIFF RATES
5.11.3
PRICE IMPACT ANALYSIS
5.11.4
IMPACT ON COUNTRY
5.11.4.1
US
5.11.5
IMPACT ON END-USE INDUSTRIES
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, AND INNOVATIONS
6.1
KEY EMERGING TECHNOLOGIES
6.2
COMPLEMENTARY TECHNOLOGIES
6.3
TECHNOLOGY/PRODUCT ROADMAP
6.4
PATENT ANALYSIS
6.4.1
APPROACH
6.4.2
DOCUMENT TYPE
6.4.3
TOP APPLICANTS
6.4.4
JURISDICTION ANALYSIS
6.5
IMPACT OF AI/GEN AI ON NORTH AMERICA REFRIGERANTS MARKET
7
REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES
7.1
REGIONAL REGULATIONS AND COMPLIANCE
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
7.1.2
INDUSTRY STANDARDS
7.2
REGULATORY POLICY INITIATIVES
7.3
CERTIFICATIONS, LABELLING, AND ECO-STANDARDS
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
8.1
DECISION-MAKING PROCESS
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
8.4
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
9
NORTH AMERICA REFRIGERANTS MARKET, BY TYPE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
9.1
HFC
9.2
HFO
9.3
ISOBUTANE
9.4
PROPANE
9.5
AMMONIA
9.6
CARBON DIOXIDE
9.7
OTHERS
10
NORTH AMERICA REFRIGERANTS MARKET, BY APPLICATION (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
10.1
INTRODUCTION
10.2
REFRIGERATION SYSTEMS
10.2.1
DOMESTIC REFRIGERATION
10.2.2
COMMERCIAL REFRIGERATION
10.2.3
INDUSTRIAL REFRIGERATION
10.3
CHILLERS
10.4
AIR CONDITIONING SYSTEMS
10.4.1
WINDOW AC
10.4.2
SPLIT AC
10.4.3
VRF
10.4.4
DUCTED, PACKAGED & ROOFTOP ACS
10.5
MAC
11
NORTH AMERICA REFRIGERANTS MARKET, BY COUNTRY (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
11.1
INTRODUCTION
11.1.1
US
11.1.2
CANADA
11.1.3
MEXICO
12
COMPETITIVE LANDSCAPE
12.1
INTRODUCTION
12.2
KEY PLAYERS' STRATEGIES/ RIGHT TO WIN
12.3
MARKET SHARE ANALYSIS,
12.4
REVENUE ANALYSIS (2020–2024)
12.5
COMPANY EVALUATION MATRIX: KEY PLAYERS,
12.5.1
STARS
12.5.2
EMERGING LEADERS
12.5.3
PERVASIVE PLAYERS
12.5.4
PARTICIPANTS
12.5.5
COMPANY FOOTPRINT: KEY PLAYERS,
12.5.5.1
COMPANY FOOTPRINT
12.5.5.2
TYPE FOOTPRINT
12.5.5.3
APPLICATION FOOTPRINT
12.6
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
12.6.1
PROGRESSIVE COMPANIES
12.6.2
RESPONSIVE COMPANIES
12.6.3
DYNAMIC COMPANIES
12.6.4
STARTING BLOCKS
12.6.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
12.6.5.1
DETAILED LIST OF KEY STARTUPS/SMES
12.6.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.7
PRODUCT COMPARISON
12.8
COMPANY VALUATION AND FINANCIAL METRICS
12.9
COMPETITIVE SCENARIO
12.9.1
PRODUCT LAUNCHES
12.9.2
DEALS
12.9.3
EXPANSIONS
12.9.4
OTHER DEVELOPMENTS
13
COMPANY PROFILES
13.1
MAJOR PLAYERS
13.1.1
HONEYWELL INTERNATIONAL INC.
13.1.1.1
BUSINESS OVERVIEW
13.1.1.2
PRODUCTS OFFERED
13.1.1.3
RECENT DEVELOPMENTS
13.1.1.4
MNM VIEW
13.1.2
ARKEMA
13.1.3
THE CHEMOURS COMPANY
13.1.4
LINDE PLC
13.1.5
DAIKIN INDUSTRIES LTD.
13.1.6
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V.
13.1.7
AGC INC.
13.1.8
QUIMOBÁSICOS, S.A. DE C.V.
13.1.9
GAS SERVEI
13.1.10
A-GAS INTERNATIONAL LIMITED
13.2
STARTUPS/SMES
14
RESEARCH METHODOLOGY
14.1
RESEARCH DATA
14.1.1
SECONDARY DATA
14.1.1.1
KEY DATA FROM SECONDARY SOURCES
14.1.2
PRIMARY DATA
14.1.2.1
KEY DATA FROM PRIMARY SOURCES
14.1.2.2
PRIMARY INTERVIEWS - DEMAND SIDE AND SUPPLY SIDE
14.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
14.1.2.4
KEY INDUSTRY INSIGHTS
14.2
MARKET SIZE ESTIMATION
14.2.1
BOTTOM-UP APPROACH
14.2.2
TOP-DOWN APPROACH
14.3
DATA TRIANGULATION
14.4
GROWTH FORECAST
14.4.1
SUPPLY SIDE
14.4.2
DEMAND SIDE
14.5
RESEARCH ASSUMPTIONS
14.6
RESEARCH LIMITATIONS
14.7
RISK ASSESSMENT
15
ADJACENT & RELATED MARKETS
16
APPENDIX
16.1
DISCUSSION GUIDE
16.2
RELATED REPORTS
Methodology
The study involved four major activities in estimating the market size for north america refrigerants. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The North america refrigerants market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the automotive, medical, construction and others. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative informations.
To know about the assumptions considered for the study, download the pdf brochure
| COMPANY NAME | DESIGNATION | |
|---|---|---|
| Honeywell International Inc. | Director of Marketing | |
| The Chemours Company | Manager- Sales & Marketing | |
| The Linde Group | Sales Manager | |
| Arkema | Production Manager | |
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the North america refrigerants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
North america refrigerants Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the north america refrigerants industry.
Market Definition
According to the International Institute of Refrigeration, refrigerants are cooling mediums that absorb heat at low temperatures and pressure and release heat at high temperatures and pressure. Fluorocarbons are the most widely used north america refrigerants in equipment, such as refrigerators and air conditioners. However, due to their high ozone depleting potential (ODP) and global warming potential (GWP), they are being replaced by greener north america refrigerants such as propane, isobutane, ammonia, and carbon dioxide, among others, such as water and propene.
Stakeholders
- North america refrigerants Manufacturers
- Refrigerants Traders, Distributors, and Suppliers
- End-use Market Participants of Different Segments of Refrigerants
- Government and Research Organizations
- Associations and Industrial Bodies
- Research and Consulting Firms
- R&D Institutions
- Environment Support Agencies
- Investment Banks and Private Equity Firms
Report Objectives
- To define, describe, and forecast the north america refrigerants market in terms of value and volume
- To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
- To estimate and forecast the market size by type, application, and region
- To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments, such as deals and expansions, in the market
- To analyze the impact of the recession on the market
- To strategically profile key players and comprehensively analyze their growth strategies
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