Europe Refrigerant Market 2024-2030

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    Published- Dec 2022 Number Of Pages -100




    1. In 2021, The European refrigerant market, reported sales volumes of XX Kilotons and generated revenue of € XX Billion and the market is estimated with a CAGR of XX% by volume, and XX% by value to reach an overall market volume XX kilotons and  € XX Billions by 2027 from 2022.
    2. Italy, France and Germany are leading market share holders in Europe for the refrigerant market with market share of XX%, XX% and XX% respectively.
    3. Among all countries in Europe Italy has the largest market size in 2021 and is also growing with the highest CAGR of 11.42% by value.
    4. In application type HVAC segment is the major market with a share of XX% in 2021 and XX% by 2027.
    5. By end use type, domestic or residential area has the major market share of XX% in 2021 and XX% by 2027.
    6. The top 4 major players in Europe refrigerant market are Linde Group followed by Arkema, XX and XX with market share of XX%, XX%, XX%, and X% respectively for the year 2021. Making a total share of more than XX%.
    7. The other important players in the market are Honeywell International, XX, XX, XX, XX, XX.



    Refrigerants comprise chemicals having special thermodynamics characteristics that influence the efficiency of refrigeration operations.


    As a result, refrigerant characteristics play an important role in the design and/or procurement of refrigerants, including in the development of cooling systems in order to maximize efficiency and environmental consequences.


    Refrigerants play a significant role in the generation of cold: a refrigerant with a phase transition from liquid to vapor obtains the temperature necessary from a low-temperature material to transition its phase and therefore generate cold.


    The coolant transmits phase-change heat to another material at a warmer temperature as it transitions from vapor to liquid. Both compression and absorption refrigeration systems use this method.


    The primary and secondary elements of these kinds of technologies are intended to operate efficiently in achieving the specified procedures, particularly refrigerant evaporating at low temperature and low pressure as well as distillate at high temperature and high pressure.


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    In general, the simplest system is chosen for any given refrigerated demand since this should be the cheapest available in terms of both initial and running costs.


    Many variables influence the choice of an appropriate refrigerant. For example, the ideal refrigerant for producing a particular quantity of cold is one that allows everyone to pick equipment that are substantially smaller in size, less in price, consumes less power, and is more efficient.


    With considerations of thermodynamic, thermal management, and reaction kinetics, a refrigerant would have to have significant latent heat, a relatively low warmth, a high vapor density, a low boiling temperatures at air density, good thermal conductivity, as well as a low viscous factor.



    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Low GWP HFC refrigerants vital to EU cleaner cooling aims Carrier sees a continued role for lower GWP refrigerants such as HFCs in the medium-term future of the cooling sector despite recent high-profile calls in Europe to phase-out their use entirely. Europe This would enhance better Technologies and production



    The first used F-gas marketplace in Europe, RETRADEABLES, supports the recycling of refrigerants obtained from HVAC-R equipment. Built on the foundation of the EU-funded Life3R project, RETRADEABLES offers a sustainable alternative source for refrigerant supply by establishing a workable circular economy for old F-gases.


    The circular economy of spent refrigerants driven by a market mechanism is demonstrated on this one and only online platform in Europe.


    The launch of the enlarged lineup of Copeland ZX low temperature refrigeration units in Europe has been announced with pleasure by Emerson.


    The series has a brand-new design that is fully optimized for both A2L and A1 refrigerants and offers extra advantages for wholesalers, installers, and system operators in terms of efficiency, dependability, and safety. For refrigeration applications, Emerson provides a low GWP solution that satisfies both noise and space requirements. 


    Utilizing the new Copeland scroll compressors with A2L optimization lowers power usage and lowers operating expenses. One key advantage that promotes flexibility and streamlines logistics is that the new series of refrigeration units is certified for a variety of A2L-classified refrigerants with low global warming potential, such as R454A, R454C, and R455A.



    These halocarbons subsegment, which includes hydrofluorocarbons (HFCs), chlorofluorocarbons (CFCs), and hydrochlorofluorocarbons (HCFCs), is mostly utilized in industrial refrigeration operations, food storage containers, and household cooling equipment.


    Because carbon–hydrogen bonds do not exist in inorganic refrigerants such as carbon dioxide, ammonia, and water, they emit little hazardous gases.


    The worldwide inorganic refrigerant market is expected to increase significantly due to consumers’ rising preference for sustainable and environment refrigerants.


    Furthermore, hydrocarbon refrigerants such as propane and isopropanol are organic petrochemical compounds. Because of their eco-friendliness, they are quite popular in the business. Because of the global economy’s fast expansion and rising disposable incomes.


    The increased usage of refrigerants in cars and food goods, as well as higher living standards, are major drivers boosting worldwide expansion. Furthermore, transportable air conditioners and chillers are projected to gain popularity in commercial refrigeration.


    However, greenhouse gas emissions associated with the use of toxic refrigerants, including such rising temperatures and depletion of the ozone layer, have led to development of stringent norms, regulatory requirements, and policies and procedures, particularly regarding the use of CFCs and HCFCs in new refrigeration and air conditioning appliances.


    Cooling equipment is in great demand in emerging nations, owing to growing industrialization and an increase in manufacturers’ preference for economical cooling applications.


    Furthermore, rising per capita disposable incomes in emerging nations such as China, India, and Indonesia have resulted in a rise in the usage of air conditioning systems, resulting in an unprecedented growth in energy consumption. Furthermore, appropriate, and energy-efficient refrigeration units are available.




    The Europe Refrigerant Market can be segmented into following categories for further analysis.



    • Residential Application 
    • Commercial Application 
    • Industrial Application



    • HVAC 
    • MAC (Moving Air Conditioners)
    • Refrigeration/Refrigerators


    EUROPE REFRIGERANT MARKET By Regional Classification

    • Germany 
    • UK
    • France 
    • Italy
    • Rest Of Europe 



    Refrigeration technologies are concerned with the transfer of thermal energy from one reference temperature to another.


    Consequently, recognized and occasionally unfamiliar techniques that use high temperature heat for numerous purposes, primarily room as well as heating water, are being used.


    When the primary function of the system is to produce heat, the name heat pump was being used. Permanent magnet refrigeration (MR) technique is based upon that magnetocaloric effect, which is an intrinsic property of magnetic materials near their magnetic ordering temperature.


    Considering the MCE is comparatively high in comparison to the surface temp timeframe of involvement, a rather straightforward MR cycle known as adiabatic demagnetization temperature control (ADR) is being used for numerous decades.


    The aggregation and expansion phenomena of CaCl2 were identified as vapor absorption refrigeration technology progresses. whenever it absorbed ammonium, and these are the primary causes of the CaCl2–ammonia adsorption refrigeration system’s efficiency deterioration.


    A combination adsorbent composed of CaCl2, and a porous media can resolve the agglomeration and augmentation phenomenon.


    The hybrid energy system emphasizes continuous cold generation via mechanical vapor compression refrigeration while also providing supplemental cold storage via a thermochemical adsorption component.


    The compressors aid in lowering the desorption grade, allowing for the optimum use of moderate flame for disintegration, and the heat is absorbed in the thermochemical reactors alongside mechanical/electrical input through the compressors.


    In addition, during the energy charging period, substandard heat is given for disintegration, which produces the functioning gas, while the mechanical/electrical-driven compressor pressurizes the working gas significantly. The working gas eventually liquefies.



    Numerous consumer electronics businesses, including the foodservice industry and the automobile industry, are all high, owing to urbanization and rising disposable income.


    This spike is having a favorable impact on the industry, as the tendency toward pre-packaged meals and portable cooling continues to rise. These are resulting in a diversification of all main aspects of the industry, leading to increased growth possibilities for the economy.


    Stringent environmental rules against fluorocarbon refrigerants, on the other hand, are expected to constrain the industry.


    Honeywell Refrigerants is a leading optimizer and mobiliser of the refrigerant technologies within the current European Market focusing on better environmental compliance.


    The Solstice 454B is indeed a non-ozone depletion, zeotropic mix that is intended to be a reduced GWP alternative to R-410A in reversible chillers and heat pump applications.


    A notable characteristic of the Solstice 454B is its percent reduced GWP (466), with better efficiency and capacity matching to R-410A, allowing OEMs to easily transfer their R-410A systems to such a decreased GWP alternatives.


    The discharge temperature of the Solstice 454B is substantially lower than those of R-32, implying that discharging temperature reduction may not have been necessary.


    Solstice 454B beats other alternatives such as R-32 in heating applications due to the higher specific temperature and greater operational environment in low evaporation conditions.


    Daikin Industries is part of the developing refrigerant technologies in the market. It has been a focused developer of the European Market.


    Daikin had already introduced a new coolant combination that it claims is a more efficient alternative to R1234yf in the electric car Ventilation system. D1V140, the novel experimental gases, is intended to reduce the energy demand of electric car air conditioning systems, hence increasing vehicle range.


    With the exception of traditional internal combustion diesel powered cars, electric vehicles cannot use excess energy to warm the inside in the cold and therefore must rely on battery capacity. Motor manufacturers see this as a key issue in colder regions.


    R1234yf is blended with 23% of a new hydro fluor olefin refrigerant, HFO1132, inside the innovative Daikin refrigerant (E). HFO1132(E) has not been well understood, however it is thought to have a GWP of 3.



    1. Daikin Industries, Ltd.(Japan)
    2. The Chemours Company. (the U.S.)
    3. .Honeywell International Inc. (U.S.)
    4. Arkema S.A. (France)
    5. Dongyue Group Co. Ltd (China)
    6. Asahi Glass Co., Ltd. (Japan)
    7. Sinochem Group (China)
    8. Mexichem S.A.B. de C.V. (Mexico)
    9. The Linde Group (Germany)
    10. SRF Limited (India)
    11. . DowDuPont Inc. (U.S.)


    Sl No  Topic  Slide Number 
    Scope     5 
    Market Segmentation     6 
    Research Methodology     7 
    Executive Summary  9-16 
     Global View  - Refrigerant     18 
    Europe Refrigerant Manufacturers Footprint- 2022     20  
    EU regulation and Refrigerant Market Outlook 2022  22 – 25  
    Factors Impacting the Prices of Refrigerant Gases     27  
    Key Trends & Drivers   29 -  30  
    10  Average B-2-B Price Of Refrigerant In Europe      32  
    11   New Product Development In Europe Refrigerant Industry  34- 37  
    12  Primary & Secondary refrigerant       39  
    13  Retrofitting demand for Refrigerant in 2022      41 
    14  Demand Analysis of Natural Refrigerant      43  
    15  Future outlook on Refrigerant Industry – Europe      45  
    16  Market Size, Dynamics, And Forecast By Geography, 2024-2030  47 – 56  
    17  Market Size, Dynamics And Forecast By  Application Type, 2024-2030  58 – 63  
    18  Market Size, Dynamics And Forecast By End Use, 2024-2030 65 – 70  
    19  Competitive Landscape  72 – 73  
    20  Market Share Of Major Players-2023     75  
    21  New Investments & Growth Strategies Of Major Companies  77 – 79 
    22  Recent Mergers and Acquisitions in the past 5 years  81 – 84 
    23  Company Profiles  86 – 95 
    24  Unmet Needs And Opportunities For New Players     97 
    25  Conclusion     99  
    26  Appendix   100 
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