R134A Refrigerant Market By Type (Tetrachloroethylene Process and Trichloroethylene Process), By Application (Automotive Air-Conditioning, Commercial Refrigeration Equipment, and Domestic Refrigeration Equipment), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

R134A is a hydrofluorocarbon and haloalkane refrigerant, primarily used in a wide range of refrigeration and air conditioning applications. The applications include residential, commercial, and automotive sectors on a worldwide basis. The R134A refrigerant has widely replaced the R-12 CFC refrigerant used before. It is, however, deemed as a substance having high global warming potential.

Market Dynamics

The rising incorporation of automotive cooling equipment and increasing demand for industrial refrigeration units for product storage are the primary factors driving the market growth. The increasing consumer demand for comfort and luxury in automotive vehicles have popularized the incorporation of cooling units inside vehicles. The R134A is the refrigerant predominantly used in such coolants, effectively increasing demand for R134A and propelling the market growth. The adoption of R134A has also risen in industrial applications, with refrigeration and cooling units installed in several productions and warehouse facilities influencing high demand for R134A. The growing focus on product storage in air-conditioned facilities for maintaining freshness and long shelf-life has also boosted applications of R134A, furthering the market growth. However, the long-term negative impact on the environment and the threat of substitution from eco-friendly alternatives might hamper the market growth. R134A has been identified as a substance that causes global warming, which might act as a severe hindrance to market growth.

The continued efforts to develop eco-friendly alternatives to R134A, such as the R-600A and R-290, might continue to serve as potential barriers to product use and market growth over due course. The rapid product adoption in commercial sectors of emerging countries would provide lucrative opportunities for the market in the coming years. The gradual hastening of industrialization initiatives for developing countries would provide crucial market vendors with new possibilities of product application and business expansion over the forecast period.
 
Market Segmentation

The global R134A Refrigerant market is mainly classified based on Type and Application. Type is segmented into Tetrachloroethylene Process and Trichloroethylene Process. By Application, the market is divided into Automotive Air-Conditioning, Commercial Refrigeration Equipment, and Domestic Refrigeration Equipment.

The Trichloroethylene Process by Type holds a considerable share in terms of overall value and volume owing to the consistent product demand for industrial solvent use and other applications. However, exposure to trichloroethylene has long-term implications for human health. As such, industrial workers are advised to observe caution when handling the substance.

In terms of volume, the Automotive Air-Conditioning segment by Application is poised to garner 136.3 K MT; growing at a CAGR of 0.5% during forecast period. The continued product incorporation in air cooling units installed in vehicles would boost the segment growth, along with the rising customer demand for high-performance air-conditioners in automobiles.

Regional Analysis

Based on geography, the global R134A Refrigerant market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America. At the same time, the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific is a leading region and holds a substantial share in terms of overall market value and volume owing to the increasing product adoption in the growing automotive sector. The rising demand for the installation of residential air-conditioning units would further propel the regional market growth prospects in the coming years.

Competitive landscape

The R134A Refrigerant market is moderately consolidated, with several key players operating with expansive manufacturing capabilities and extensive product distribution networks. The extension of manufacturing capabilities through facility expansions would further help consolidate the strong market positioning of key players.

Key players operating in the R134A industry include Mexichem, S.A.B. de C.V., Chemours Company, Honeywell International Inc., Linde plc, Arkema SA, Juhua Group Corporation, Sinochem Group Co., Ltd., Zhejiang Pujiang Bailian Chemical Co., Ltd., Dongyue Group Limited, Zhejiang Sanmei Chemical Incorporated Company.

The extension in product performance capabilities through consistent development and expansion in business capabilities through strategic collaborations and partnerships are the primarily followed business strategies of top players looking to capture substantial market share over the forecast period.

R134A Refrigerant Market Key Segments:

By Type
• Tetrachloroethylene Process
• Trichloroethylene Process

By Application
• Automotive Air-Conditioning
• Commercial Refrigeration Equipment
• Domestic Refrigeration Equipment

Key Global R134A Refrigerant Industry Players
• Mexichem, S.A.B. de C.V.
• Chemours Company
• Honeywell International Inc.
• Linde plc
• Arkema SA
• Juhua Group Corporation
• Sinochem Group Co., Ltd.
• Zhejiang Pujiang Bailian Chemical Co., Ltd.
• Dongyue Group Limited
• Zhejiang Sanmei Chemical Incorporated Company

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. R134A Refrigerant Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising incorporation of automotive cooling equipment
3.3.2. Increasing demand for industrial refrigeration units for product storage
3.4. Restraints
3.4.1. Long-term negative impact on the environment
3.4.2. Threat of substitution from eco-friendly alternatives
3.5. Opportunity
3.5.1. Rapid product adoption in commercial sectors of emerging countries
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Tetrachloroethylene Process
4.2.1. Market Size & Forecast
4.3. Trichloroethylene Process
4.3.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Automotive Air-Conditioning
5.2.1. Market Size & Forecast
5.3. Commercial Refrigeration Equipment
5.3.1. Market Size & Forecast
5.4. Domestic Refrigeration Equipment
5.4.1. Market Size & Forecast

6. R134A Refrigerant Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America R134A Refrigerant Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe R134A Refrigerant Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific R134A Refrigerant Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America R134A Refrigerant Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa R134A Refrigerant Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Mexichem, S.A.B. de C.V.
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Mexichem, S.A.B. de C.V. Product Category, Application, and Specification
7.1.3. Mexichem, S.A.B. de C.V. Financial Performance (2015-2019)
7.1.4. Main Business/Business Overview
7.2. Chemours Company
7.3. Honeywell International Inc.
7.4. Linde plc
7.5. Arkema SA
7.6. Juhua Group Corporation
7.7. Sinochem Group Co., Ltd.
7.8. Zhejiang Pujiang Bailian Chemical Co., Ltd.
7.9. Dongyue Group Limited
7.10. Zhejiang Sanmei Chemical Incorporated Company