Aerosol Refrigerants Market Size & Analysis - Forecasts To 2025 By Product (Aluminum, Steel), By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa), End-Use Landscape, Vendor Landscape and Market Share & Competitive Landscape - Global Market Estimates
Aerosol Refrigerants Market Insights
The global aerosol refrigerants market is expected to grow at a significant rate over the forecast period. The growth is primarily influenced by increasing emphasis on environmental protection across the globe, which in turn is expected to result in an increased demand for natural refrigerants. Along with this, rising application of advanced cold chain solutions infused with propane-based refrigerants is further projected to foster the market growth.
Moreover, the growth of consumer electronics such as refrigerators and air conditioners is also likely to stimulate market growth. However, high cost associated with installing plant for product manufacture coupled with stringent regulations related to labelling and testing of the product is likely to hinder the market growth over the years.
Aerosol Refrigerants Market: Product Insights
On the basis of product, the global aerosol refrigerants market is segmented into aluminum and steel. The market for steel aerosol refrigerants is expected to occupy the highest share owing to factors such as superior strength, high impact resistance and low price. Along with this, the steel cans are sustainable, recyclable and provide good performance.
The market for aluminium is also projected to grow significantly over the forecast period on account of its factors such as better portability, corrosion resistance and resistance to gases such as hydrogen, CO2 and oxygen.
Aerosol Refrigerants Market: Regional Insights
Asia Pacific occupied the largest share of this market for the past few years. This can be attributed to rising industrial sector in this region. Moreover, growing average household income is also expected to boost the market for products such as refrigerators, thereby stimulating the overall market growth. Demand is expected to arise from China and Japan.
Europe is also expected to emerge as a key revenue generating region. This can be associated with the rising application of mobile air conditioning and domestic refrigeration in this region.
Aerosol Refrigerants Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Aerosol Refrigerants Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase aerosol refrigerants over the coming years. Some leading consumers of this market are Samsung, Whirlpool, LG, Hitachi, Godrej and Carrier.
Aerosol Refrigerants Market: Market Share & Competitor Analysis
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include The Chemours Company (The U.S.), Arkema (France), FJC Inc. (The U.S.), Harp International (UK), Technical Chemical Company (The U.S.) and Gazechim (France).
Please note: This is not an exhaustive list of companies profiled in the report.
In August 2017, Aldi, a supermarket chain in Europe announced to install natural refrigerant units across all its UK stores.
In May 2017, Honeywell, an American key producer of commercial and consumer products, installed a USD 300 million plant to produce next-generation auto air conditioning refrigerant. The product is likely to reduce greenhouse gas emissions by an amount equivalent to removing more than 30 million cars from the road.
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The global Aerosol Refrigerants Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Aerosol Refrigerants Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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