R410A Refrigerant Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

R410A Refrigerant Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • April 2039
  • Chemicals
  • 0 pages

Report Description


A refrigerant is a fluid that is used in air conditioners and refrigerators. The function of a refrigerant is to absorb heat from the contents of the refrigerator or the room (in case of ACs) and throw it out into the atmosphere. A typical refrigerant undergoes a phase change from liquid to gas upon absorption of heat, and back to liquid when a compressor compresses it. There are various types of refrigerants available such as chlorofluorocarbon (CFC), hydro fluro carbons (HFC), and hydrochlorofluorocarbon (HCFC). The application of an ideal refrigerant is made on the basis of its thermodynamic properties, non-corrosive nature, and properties such as non-toxicity and non-flammability.

The usage of various refrigerants and their environmental effects causing depletion of the ozone layer have been a constant matter of discussion for the last few decades. Before 1990s, the most common refrigerant used was R-12 (CFC), by Dupont, named Freon. However, in the 1990s and 2000s, CFCs were replaced by HCFCs; the most common being R-22. HCFC refrigerants contain chlorine, which causes the depletion of the ozone layer and hence, are being phased out. The use of R-22 in new units has been outlawed since 2010. The phasing out of HCFC, has been planned, with the U.S. slated to terminate the supply by the year 2020. In emerging economies such as India, 50%to 60% of the ACs operating in the country utilize HCFCs and as per the Government’s plan, it is estimated to be phased out by the year 2030.

Manufacturers created another set of refrigerant called Hydro Fluoro Carbon (HFC) in order to remove the chlorine content from the refrigerant. HFCs have the potential to cause global warming; however, they are still better than HCFCs, as they do not deplete the ozone layer. The most common HFC in use is R-410A, being better in terms of ozone depletion potential and energy efficiency; however, it still causes global warming.

The primary restraint associated with the R-410A refrigerant is still possesses the potential to cause global warming potential. In 2015, the Environmental Protection Agency (EPA) added a new rule to their Significant New Alternatives Policy (SNAP); this new rule was targeted toward the phasing out Hydroflurocarbon refrigerants, including R-410A. Currently, no specific timeline has been issued for the phase out of R-410A refrigerant; however, the scheduled phased out by the EPA is expected to be staggered with respect to different applications. The approach used here is to allow businesses, contractors, and consumers to have time to adapt to the changes. Moreover, the emergence of environment-friendly set of Hydrocarbon (HC) refrigerants such as R-290 and R-600A due to their halogen-free nature, no ozone depletion potential, and lower global warming potential are likely to catastrophe the demand for R-410A refrigerant in the near future.

The driver of the R-410A refrigerant market is that the government had recently planned for the phase out of an important refrigerant R-22. Therefore, it is unlikely for the government to announce the phase out of R-410A in the near future; at least till 2025. This presents significant opportunity for the R-410A refrigerant to capture significant share of the market. R-410A has been approved for usage in new residential air conditioners in 2015 in the U.S. Moreover, newer AC models are being designed to be utilized with R-410A for reliable and more efficient operation. Air conditioning compressors can run cooler, reducing the risk of compressor burnout due to overheating, as R-410A can absorb and release more heat than R-22. Another advantage offered by the R-410A is that it also functions at a higher pressure than R-22, therefore new compressors are built to withstand greater stresses, reducing the chance of cracking. Furthermore, R-410A refrigerant possesses the potential to cause global warming potential and governments are planning to phase out of the same; however, no official announcement has been made; there has not been a defined or clear low Global Warming Potential alternative to R-410A. This certainly doesn’t mean that companies and governments aren’t proactively looking for a suitable alternative; however, at this point in time, no suitable alternative exist, meaning R-410A is going to remain in the market in the near future.

Recently, the prices of R-410A witnessed an increase due to the worldwide shortage of R-125 during the summer of 2017, as R-410A is a blended refrigerant comprising of R-32 and R-125. The majority of R-125 is sourced from China and the chemical Flurospar, a main ingredient in the R-125 refrigerant, witnessed a 40% increase in price at the beginning of 2017. This price increase caused a direct effect on the price of R-125, raising it by 130%, which in turn affected the price of R-410A. The increase in price of Flurospar was due to the strengthening of environmental laws in China, which directly affected the mining industry.

In terms of application, the R-410refrigerant market can be segregated into, refrigerators (domestic, commercial, and transport), large-scale refrigerators, air conditioners, and heat pumps. The air conditioners application segment is projected to expand at a rapid pace. Asia-Pacific is estimated to hold a major share of the refrigerants market during the forecast period due to the growing automotive industry in the region.

Based on geography, the global R-410A refrigerant market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific dominated the global R-410A refrigerant market in 2016. Rising population and infrastructural development in the region have led to an increase in the usage of refrigerants for various applications such as refrigerators and air conditioners. Furthermore, the growing populations and industry alliances are expected to boost the R-410A refrigerants market in the region. The presence of large consumer appliances manufacturers such as Daikin (Japan), Samsung (South Korea), LG (South Korea), and Videocon Industries Limited (India) propels the refrigerants market in the region.

Key players operating in global R-410 refrigerant market include Daikin, Chemours, Arkema, Dongyue Group, and Sinochem Group.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

Have query on this report?

Make an Enquiry

Success Stories

Our Clients

Tell Us What You Need and We’ll Get Back with the Best Solutions Available.


get in touch

Location :

State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States

Call Us :

US/Canada toll free : 866-997-4948

Tel : +1-518-621-2074