Europe Refrigerant Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (HCFC, HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, and Others) and Application (Refrigeration Systems, Chillers, Air-Conditioning Systems, MACs, and Others)

The Europe refrigerant market is expected to grow from US$ 1,551.73 million in 2021 to US$ 2,286.52 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.

With the increasing disposable income and growing population, the demand for air conditioners and other home appliances in which refrigerants are used for cooling purposes has surged. In developing economies, construction activities have fueled the demand for refrigerants, as split ACs are widely used in construction. The construction industry is flourishing with the growing disposable income, especially in the middle-class population; elevating standards of living; and an increasing number of nuclear families. Apart from this, the mushrooming hypermarkets, supermarkets, and food retail chains, coupled with the rise in packaged and frozen food consumption, have significantly propelled the demand for refrigerants. In cost-sensitive economies, food wastage concerns fuel the demand for domestic refrigeration.

With innovative features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe refrigerant market at a good CAGR during the forecast period.    

Europe Refrigerant Market Revenue and Forecast to 2028 (US$ Million)

 Europe Refrigerant Market Segmentation  

The Europe refrigerant market is segmented based on type, application, and country. Based on type, the market is segmented into HCFC, HFC, HFO, isobutane, propane, ammonia, carbon dioxide, and others. The HFC segment dominated the market in 2020, and the ammonia segment is expected to register the highest during forecast period. Based on application, the Europe refrigerant market is segmented into refrigeration system, chillers, air-conditioning systems, MACs, and others. The refrigeration system segment dominated the market in 2020, and air-conditioning systems segment is expected to record the highest CAGR during forecast period. Based on country, the Europe refrigerant market has been segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe.      

AGC Inc.; AIR LIQUIDE SA; Arkema; Daikin Industries, Ltd.; Dongyue Group; Honeywell International Inc.; LINDE; Sinochem Group Co. Ltd.; and The Chemours Company are among the leading companies in the Europe refrigerant market.

1. AGC Inc.
2. AIR LIQUIDE SA
3. Arkema
4. Daikin Industries, Ltd.
5. Dongyue Group
6. Honeywell International Inc.
7. LINDE 
8. Sinochem Group Co. Ltd.
9. The Chemours Company

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe refrigerant market.          
• Highlights key business priorities in order to assist companies to realign their business strategies
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• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the refrigerant market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution