Global Automotive Refrigerant Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Automotive Refrigerant Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Automotive Refrigerant Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Automotive Refrigerant Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Refrigerant is a compound generally present in either a fluid or in gaseous state. It can provide refrigeration or air conditioning when combined with other components such as compressors and evaporators and readily absorbs heat from the environment. Refrigerant is important part of the automotive air conditioning system. To absorb and release the heat, refrigerants in automobiles are used in air conditioning system.
Rising demand for an automobile is increasing demand for automotive refrigerant. The types of refrigerant used in the automobile are now changing as the growing concern about global warming is promoting the reduction of harmful emission to a significant extent. Introduction of new refrigerants in the market will increase the demand for automotive refrigerant resulting in the significant growth of the market. The another driving factor for the growth of market is increasing use of air conditioning system in the automotive industry.
On the basis of segmentation, the market is divided into different segments such as type, product, sales channel, and region. The type segment is bifurcated into natural refrigerant, and synthetic refrigerant. On the basis of product, the market is categorized into R-134a, R-1234y, and others. Sales channel segment is divided into after sales market and OEM.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • Who are the major key players in global automotive refrigerant market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why?
The major companies profiled in the report include: Arkema, Calsonic Kansei Corporation, Chemours, Denso Corporation, DuPont, Hanon Systems, Honeywell International Inc, Keihin Corporation, Linde Gas, MAHLE GmBH, and others.
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