Tetrafluoroethane (R134A) Refrigerant Market was valued at US$ 170.53 Mn. in 2023 and is expected to reach US$ 228.97 Mn. by 2030 at a CAGR of 4.3% over the forecast period. The report covers an in-depth analysis of COVID 19 pandemic impact on Global Tetrafluoroethane (R134A) Refrigerant Market by region and on the key players’ revenue affected till July 2021 and expected short term and long-term impact on the market.Tetrafluoroethane (R134A) Refrigerant Market overview
Tetrafluoroethane (R134A) is used as a replacement for R-12 CFC refrigerant. It comes from the family of HFC refrigerants and it exits in gas form. The boiling temperature is tetrafluoroethane (R134A) 26.1A°C or -14.9 A. R134 a refrigerant is non-corrosive, non-toxic, and non-flammable as a result it is safe for normal handling this lead to increasing the demand for tertrafluoethane (R134A) market. To use this refrigerant design changes need to be done in the evaporator and condenser.To know about the Research Methodology :- Request Free Sample Report
Dynamics
In the area of reciprocating compressor, centrifugal, rotary screw, and scroll are used as a substitute for R-12 CFC refrigerant. Increasing demand for R134A (tetrafluoroethane) in the propellant manufacturing industry is used as an air refrigerant system. Besides, it is used in domestic and commercial refrigeration, as a propellant in aerosol cans, for foam‐blowing of building insulation, and in pharmaceutical uses such as asthma inhalers. These factors are driving the growth of the tertrafluoethane market. Research & development activities coupled with technological advancement in Tetrafluoroethane (R134A) Refrigerant is upsurge the market growth. Chlorine is present in HCFC refrigerants, which contributed to ozone layer degradation, and was thus phased out and banned. This has built many lucrative opportunities for the tetrafluroethane refrigerant market. Besides, development in Hydro Fluoro Carbon (HFC) for removal of chlorine refrigerant as they are better than HCFCs though it causes global warming they do not harm the ozone layer and energy-efficient. However, the high cost of Tetrafluoroethane (R134A) Refrigerant may hamper the market growth at the global level.Segment Analysis
Global Tetrafluoroethane (R134A) Refrigerant Market is segmented by applications into air conditioners (Propellant, domestic, and commercial), industrial, pharmaceutical, refrigerators, and chillers. The propellant segment held the dominant market share of xx% in 2023. The demand for passenger vehicles and commercial vehicles has led to an increasing demand for the market. Increasing investment in the development of refrigerant technology is expected to propel the market growth. The MMR reports cover the detailed information related to all application segments in the terms of value.Regional Insights
Geographically, the Tetrafluoroethane (R134A) Refrigerant market is segmented into North America, Europe, Asia Pacific, the Middle East, and Africa, and South America. In terms of value, Asia Pacific is accounted for a prominent market share of xx% with a CAGR of xx% in 2023 and is expected to continue its prominence during the forecast period. Research & development activities and supportive government regulations for toxic carbon emission are driving the market growth in this region. Also, the growing propellant industry has made a positive impact on the tetrafluoroethane market over the upcoming years. The report covers an in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, collaborations, expansion, new product launches, and patents to increase their regional presence and business operations. The objective of the report is to present a comprehensive analysis of the Global Tetrafluoroethane (R134A) Refrigerant Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Tetrafluoroethane (R134A) Refrigerant Market dynamics, structure by analyzing the market segments and project Global Tetrafluoroethane (R134A) Refrigerant Market Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global Tetrafluoroethane (R134A) Refrigerant Market make the report investor’s guide.Tetrafluoroethane (R134A) Refrigerant Market Scope: Inquire before buying
Global Tetrafluoroethane (R134A) Refrigerant Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 170.53 Mn. Forecast Period 2024 to 2030 CAGR: 4.3% Market Size in 2030: US $ 228.97 Mn. Segments Covered: by Service Type Testing Inspection Certification by Sourcing Type In House Outsourced by End Use Industry Aerospace Agriculture & Food Automotive Chemical Construction & Infrastructure Consumer Goods & Retail Energy & Power IT & Telecommunication Oil and Gas Others by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Tetrafluoroethane (R134A) Refrigerant Market Key Players
1. Daikin 2. Arkema 3. Chemours 4. Dongyue Group 5. Mexichem Fluor 6. Koura 7. Honeywell 8. Linde Gas 9. Chengdu Taiyu Industrial Gases Co., Ltd 10. Gujarat Fluorochemicals Ltd. (GFL) 11. Zhejiang Juhua Co., Ltd. 12. SRF Limited 13. Navin Fluorine International Ltd. 14. LECRON Industrial Development Group., Ltd. 15. Dewgas 16. Climalife Groupe Dehon 17. Tazzetti S.p.A. 18. Foosung Co., Ltd. 19. Arkool Refrigeration Co., Ltd. 20. National Refrigerants Ltd 21. XX Inc Frequently Asked Questions: 1. Which region has the largest share in Global Tetrafluoroethane (R134A) Refrigerant Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Tetrafluoroethane (R134A) Refrigerant Market? Ans: The global market is growing at a CAGR of 4.3% during forecasting period 2024-2030. 3. What was the Global Tetrafluoroethane (R134A) Refrigerant Market size in 2023? Ans: the Global Tetrafluoroethane (R134A) Refrigerant Market size in USD 170.53 Mn in 2023. 4. Who are the key players in Global Tetrafluoroethane (R134A) Refrigerant Market? Ans: The important key players in the global market are – Daikin, Chemours, Arkema, Dongyue Group, Sinochem Group, and Others. 5. What is the study period of this Market? Ans: The Global Tetrafluoroethane (R134A) Refrigerant Market is studied from 2023 to 2030.
1. Tetrafluoroethane (R134A) Refrigerant Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Tetrafluoroethane (R134A) Refrigerant Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Headquarter 2.3.3. Business Segment 2.3.4. End-user Segment 2.3.5. Revenue (2023) 2.3.6. Profit Magin 2.3.7. Market Share 2.3.8. Company Locations 2.4. Market Structure 2.4.1. Market Leaders 2.4.2. Market Followers 2.4.3. Emerging Players 2.5. Mergers and Acquisitions Details 3. Tetrafluoroethane (R134A) Refrigerant Market: Dynamics 3.1. Tetrafluoroethane (R134A) Refrigerant Market Trends 3.2. Tetrafluoroethane (R134A) Refrigerant Market Dynamics 3.2.1.1. Drivers 3.2.1.2. Restraints 3.2.1.3. Opportunities 3.2.1.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Regulatory Landscape by Region 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. South America 3.6. Key Opinion Leader Analysis for the Tetrafluoroethane (R134A) Refrigerant Industry 4. Pricing Analysis 4.1. Factors affecting prices 4.2. Raw material costs 4.3. Transportation costs 4.4. Price trends 4.5. Price comparisons 4.6. Direct Imports/Purchase Costs 5. Analysis of Supply and Demand Considerations for Tetrafluoroethane (R134A) Refrigerant (by alternative refrigerant properties, preference, use price, etc) 6. Analysis of Sustainability Issues 7. Supply Chain Analysis 7.1. Raw Material Procurement 7.2. Production Process 7.3. Distribution Network and Logistics 7.4. Storage and Inventory Management 7.5. End-User Distribution and Market Demand 8. Tetrafluoroethane (R134A) Refrigerant Market: Global Market Size and Forecast by Segmentation (by Value in USD Mn) (2023-2030) 8.1. Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 8.1.1. Foam-blowing agent 8.1.2. Refrigerant blend 8.1.3. Propellant 8.1.4. Others 8.2. Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 8.2.1. Automotive Air-Conditioning 8.2.2. Commercial Refrigeration Equipment 8.2.3. Domestic Refrigeration Equipment 8.2.4. Others 9. North America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. North America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 9.1.1. Foam-blowing agent 9.1.2. Refrigerant blend 9.1.3. Propellant 9.1.4. Others 9.2. North America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 9.2.1. Automotive Air-Conditioning 9.2.2. Commercial Refrigeration Equipment 9.2.3. Domestic Refrigeration Equipment 9.2.4. Others 9.3. North America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Country (2023-2030) 9.3.1. United States 9.3.1.1. United States Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 9.3.1.1.1. Foam-blowing agent 9.3.1.1.2. Refrigerant blend 9.3.1.1.3. Propellant 9.3.1.1.4. Others 9.3.1.2. United States Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 9.3.1.2.1. Automotive Air-Conditioning 9.3.1.2.2. Commercial Refrigeration Equipment 9.3.1.2.3. Domestic Refrigeration Equipment 9.3.1.2.4. Others 9.3.2. Canada 9.3.2.1. Canada Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 9.3.2.1.1. Foam-blowing agent 9.3.2.1.2. Refrigerant blend 9.3.2.1.3. Propellant 9.3.2.1.4. Others 9.3.2.2. Canada Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 9.3.2.2.1. Automotive Air-Conditioning 9.3.2.2.2. Commercial Refrigeration Equipment 9.3.2.2.3. Domestic Refrigeration Equipment 9.3.2.2.4. Others 9.3.3. Mexico 9.3.3.1. Mexico Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 9.3.3.1.1. Foam-blowing agent 9.3.3.1.2. Refrigerant blend 9.3.3.1.3. Propellant 9.3.3.1.4. Others 9.3.3.2. Mexico Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 9.3.3.2.1. Automotive Air-Conditioning 9.3.3.2.2. Commercial Refrigeration Equipment 9.3.3.2.3. Domestic Refrigeration Equipment 9.3.3.2.4. Others 10. Europe Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 10.1. Europe Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 10.2. Europe Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 10.3. Europe Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Country (2023-2030) 10.3.1. United Kingdom 10.3.1.1. United Kingdom Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 10.3.1.2. United Kingdom Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 10.3.2. France 10.3.2.1. France Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 10.3.2.2. France Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 10.3.3. Germany 10.3.3.1. Germany Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 10.3.3.2. Germany Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 10.3.4. Italy 10.3.4.1. Italy Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 10.3.4.2. Italy Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 10.3.5. Spain 10.3.5.1. Spain Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 10.3.5.2. Spain Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 10.3.6. Sweden 10.3.6.1. Sweden Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 10.3.6.2. Sweden Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 10.3.7. Russia 10.3.7.1. Russia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 10.3.7.2. Russia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 10.3.8. Rest of Europe 10.3.8.1. Rest of Europe Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 10.3.8.2. Rest of Europe Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11. Asia Pacific Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 11.1. Asia Pacific Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.2. Asia Pacific Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3. Asia Pacific Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Country (2023-2030) 11.3.1. China 11.3.1.1. China Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.1.2. China Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.2. S Korea 11.3.2.1. S Korea Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.2.2. S Korea Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.3. Japan 11.3.3.1. Japan Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.3.2. Japan Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.4. India 11.3.4.1. India Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.4.2. India Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.5. Australia 11.3.5.1. Australia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.5.2. Australia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.6. Indonesia 11.3.6.1. Indonesia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.6.2. Indonesia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.7. Malaysia 11.3.7.1. Malaysia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.7.2. Malaysia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.8. Philippines 11.3.8.1. Philippines Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.8.2. Philippines Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.9. Vietnam 11.3.9.1. Vietnam Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.9.2. Vietnam Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.10. Thailand 11.3.10.1. Thailand Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.10.2. Thailand Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 11.3.11. Rest of Asia Pacific 11.3.11.1. Rest of Asia Pacific Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 11.3.11.2. Rest of Asia Pacific Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 12. Middle East and Africa Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 12.1. Middle East and Africa Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 12.2. Middle East and Africa Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 12.3. Middle East and Africa Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Country (2023-2030) 12.3.1. South Africa 12.3.1.1. South Africa Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 12.3.1.2. South Africa Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 12.3.2. GCC 12.3.2.1. GCC Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 12.3.2.2. GCC Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 12.3.3. Nigeria 12.3.3.1. Nigeria Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 12.3.3.2. Nigeria Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 12.3.4. Rest of ME&A 12.3.4.1. Rest of ME&A Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 12.3.4.2. Rest of ME&A Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 13. South America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 13.1. South America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 13.2. South America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 13.3. South America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Country (2023-2030) 13.3.1. Brazil 13.3.1.1. Brazil Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 13.3.1.2. Brazil Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 13.3.2. Argentina 13.3.2.1. Argentina Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 13.3.2.2. Argentina Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 13.3.3. Colombia 13.3.3.1. Colombia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 13.3.3.2. Colombia Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 13.3.4. Chile 13.3.4.1. Chile Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 13.3.4.2. Chile Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 13.3.5. Rest of South America 13.3.5.1. Rest of South America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by Application (2023-2030) 13.3.5.2. Rest of South America Tetrafluoroethane (R134A) Refrigerant Market Size and Forecast, by End User (2023-2030) 14. Company Profile: Key Players 14.1. Daikin 14.1.1. Company Overview 14.1.2. Business Portfolio 14.1.3. Financial Overview (Total Revenue, Segment Revenue and Regional Revenue) 14.1.4. SWOT Analysis 14.1.5. Strategic Analysis 14.1.6. Recent Developments 14.2. Arkema 14.3. Chemours 14.4. Dongyue Group 14.5. Mexichem Fluor 14.6. Koura 14.7. Honeywell 14.8. Linde Gas 14.9. Chengdu Taiyu Industrial Gases Co., Ltd 14.10. Gujarat Fluorochemicals Ltd. (GFL) 14.11. Zhejiang Juhua Co., Ltd. 14.12. SRF Limited 14.13. Navin Fluorine International Ltd. 14.14. LECRON Industrial Development Group., Ltd. 14.15. Dewgas 14.16. Climalife Groupe Dehon 14.17. Tazzetti S.p.A. 14.18. Foosung Co., Ltd. 14.19. Arkool Refrigeration Co., Ltd. 14.20. National Refrigerants Ltd 14.21. XX Inc 15. Key Findings and Analyst Recommendations 15.1. Attractive Opportunities for Players in Tetrafluoroethane (R134A) Refrigerant Market 15.2. Future Outlooks 16. Tetrafluoroethane (R134A) Refrigerant Market: Research Methodology
