The Low GWP Refrigerants market size was valued at USD 34.68 billion in 2024 and is expected to reach USD 83.16 billion by 2032, growing at a CAGR of 11.56% over the forecast period of 2025-2032.
Regulations and increasing sustainable cooling demand propel the low GWP refrigerants industry. US EPA’s 2023 SNAP rule can limit high-GWP HFCs, driving the market for lower GWP options with a GWP of refrigerants that are less than 150. Honeywell, which is one of the low GWP refrigerants companies, is growing the HFO refrigerants industry, with a USD 1+ billion investment in Solstice production and collaboration with Bosch and Pure Harvest in the development of energy-efficient applications. The market trends for low GWP refrigerants also support natural refrigerants, particularly in commercial and farming domains.
The EPA states that 2020 HFC use and emissions were 309 million metric tons of CO2 equivalent (MMTCO2e), with HFC-134a being 24% of the total U.S. HFC market, with recovery rates under 2%. The expansion at Honeywell’s Baton Rouge more than doubled Solstice z output, underlining the leadership in the low GWP refrigerants market share and lending a hand to the growth of the low GWP refrigerants market size. These trends encourage a long term low GWP refrigerants market outlook and global penetration.
Drivers:
Global regulatory mandates accelerate the transition to low global warming potential refrigerants
Stricter international regulations , such as the AIM Act in the U.S. and the Kigali Amendment, are propelling the growth of the low GWP refrigerants market. A statement and the regulations announced today will mandate a phasedown of the high global warming potential HFCs used in air-conditioners and refrigerants. The EPA, for instance, requires a 40% reduction in the use of HFCs by 2024. These changes are driving low GWP refrigerant manufacturers to explore other options, such as natural refrigerants and HFO refrigerants. The low GWP refrigerants market drivers and adoption trends in commercial refrigeration and HVAC sectors are largely driven by regulatory influence, with compliance deadlines looming.
Strategic partnerships and capacity expansions strengthen the supply and adoption of greener refrigerants
Low GWP refrigerant companies invest in partnerships and infrastructure to support growing demand. Examples of this trend include Honeywell’s USD 1 billion investment in Solstice® production and Bosch’s collaboration to develop energy-efficient heat pumps. Such efforts are increasing the presence of low-GWP options worldwide, thereby benefiting the low GWP refrigerants market trends. These additional capacity additions and technology transfer throughout OEM chains are needed for those higher penetration rates that, in turn, continue to strengthen the low GWP refrigerants market size and its stability. Higher cooperation also ensures the supply continuity and faster product certification, adding to the low GWP refrigerants industry trends.
Restraints:
Equipment compatibility challenges impede seamless replacement of legacy refrigerant systems
New systems are necessary for low GWP refrigerants because pressure levels, flammability, and oil incompatibility are different. This creates logistical issues for industries with existing HFC systems. Supermarkets, for instance, excuse themselves with the downtime risk when switching to the more environmentally friendly CO2-based systems. These barriers prevent a fast migration and worsen the low GWP refrigerants market analysis. The necessary upgrades in technology and safety certification make for a more expensive transition, up front, and one that takes longer. Therefore, end users often postpone replacement decisions, in particular in emerging countries, thus restraining the low GWP refrigerants market growth, despite significant regulatory and environmental drivers.
By Type
Hydrocarbons captured a dominant market share of 44.6% in the low GWP refrigerants market in 2024, owing to low GWP and superior thermodynamic performance. Sub-segments such as isobutane and propane are gaining popularity in residential and commercial applications and providing energy efficiency and facilitating environmental goals. As Farnas Honeywell and Chemours continue to add to their offerings of HFO refrigerants and the like, hydrocarbons are still the natural option sought under global policies like the Kigali Amendment. Recommendations by organizations like the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) are driving their penetration in developed and developing regions.
Simultaneously, hydrocarbons are also the fastest-growing segment with the highest CAGR of 11.78% over the forecast period of 2025 to 2032. Propane, in the lead among the growing number of options, stands out for safety, cost, and regulatory support. The U.S. Environmental Protection Agency also acknowledges propane and isobutane as acceptable alternatives and has ‘pumped’ the widespread adoption of these flammables, said Smith. These trends demonstrate ongoing movement towards sustainable refrigerant solutions at all levels.
By Application
Commercial refrigeration dominated the low GWP refrigerants market in 2024 with a market share of 44.6%. Eco-friendly refrigerants in supermarkets, cold storage warehouses, and retail chains looking to minimize their carbon footprint are the major contributors to this segment’s growth. For example, Walmart and Kroger are investing in the installation of new refrigeration systems with natural refrigerants such as CO2 and hydrocarbons, in response to U.S. Environmental Protection Agency actions to phase down HFCs. The broad-based regulatory momentum, for example, from the AIM Act, is leading commercial refrigeration participants toward low GWP refrigerants and driving market trends and company investments around the world.
Industrial refrigeration is the fastest-growing segment with a CAGR of 12.1% in 2024, owing to increasing requirements in food processing, chemical, and pharmaceutical industries. In industrial applications, massive refrigeration machines use ammonia and HCs to render energy savings, as well as being in accordance with the many strict regulations of emissions. There are programs like the California Energy Commission’s Healthy Refrigeration Program that offer incentives for replacing older systems with more environmentally safe alternatives. These efforts are being combined with growing emphasis on sustainability in manufacturing, driving the growth of the low GWP refrigerants market and, consequently, industrial refrigeration as one of the most important subsegments amidst overall market dynamics.
Asia Pacific is the dominating region in the low GWP refrigerants market with a 38.3% market share in 2024 and the fastest growth with the highest CAGR of 12.06% during the forecast period of 2025 to 2032. Rapid urbanisation, industrialisation, and growing environmental concern are driving the expansion. Government programmes such as India’s National Cooling Action Plan and China’s targets to cut energy intensity are encouraging natural refrigerants and HFO blends. The area houses many low-GWP refrigerant companies working on hydrocarbon and CO₂ refrigerants, with increasing demand for cleaner cooling solutions.
Asia Pacific is dominated by China, with aggressive policies favoring low GWP refrigerants. In addition, the Ministry of Ecology and Environment has limited the use of high-GWP HFCs and has provided subsidies to natural refrigerants for commercial and industrial use. Large Chinese companies such as Gree Electric Appliances are promoting the inclusion of hydrocarbons and HFOs in their ranges with the help of subsidies from the government, as well as pilot projects. China has shown the strategic convergence of regulatory push and corporate investment in the low GWP refrigerants market growth.
North America holds a significant 24.2% market share in the low GWP refrigerants market in 2024, owing to the stringent regulations, for instance, the U.S. Environmental Protection Agency's Safety at Work, Adv health Aus tre of refrigeration, Australian r of alternatives to high GWP refrigerants. The HVAC and refrigeration industries are wizards of creating local solutions, adopting natural refrigerants as well as HFO blends to comply with the Kigali Amendment deadlines for lowering their carbon footprints. Market work is also supported by industry associations such as the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) through standards and certification programmes to increase low-GWP refrigerant use.
The U.S. leads North America’s Low GWP Refrigerants Market, valued at USD 5.81 billion in 2024 and projected to reach USD 13.69 billion by 2032, growing at a CAGR of 11.32%. This growth is fueled by stringent federal policies under the AIM Act aimed at phasing down HFCs, encouraging the adoption of natural refrigerants like hydrocarbons and CO₂. Major companies such as Honeywell and Chemours are advancing HFO technologies, supported by energy-efficient HVAC initiatives and AHRI standards, solidifying U.S. dominance in the market.
The major low GWP refrigerants market competitors include Honeywell International Inc., The Chemours Company, DAIKIN INDUSTRIES, Ltd., Arkema S.A., Orbia (formerly Mexichem/Koura), Linde plc, Sinochem Holdings, A-Gas, Zhejiang Sanmei Chemical Incorporated Company, and Air Liquide.
In May 2025, Arkema launched new Forane low GWP refrigerants like R-454B and R-513A, offering up to 50% GWP reduction, supporting HVACR industry shifts and regulatory compliance through a Honeywell partnership.
In July 2024, Honeywell provided Solstice L40X to Actrol in Australia, enabling ultra-low GWP cooling solutions, reducing emissions, and aligning with national goals to cut refrigerant-related emissions by 85% by 2036.
| Report Attributes | Details |
|---|---|
| Market Size in 2024 | USD 34.68 billion |
| Market Size by 2032 | USD 83.16 billion |
| CAGR | CAGR of 11.56% From 2025 to 2032 |
| Base Year | 2024 |
| Forecast Period | 2025-2032 |
| Historical Data | 2021-2023 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Type (Inorganics [Ammonia, Carbon Dioxide, and Others], Hydrocarbons [Isobutane, Propane, Butane, Ethane, and Others], Fluorocarbons [Hydrofluorocarbon (HFCs), and Hydrofluoroolefin (HFOs)]) •By Application (Industrial Refrigeration, Commercial Refrigeration, Domestic Refrigeration, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Poland, Turkey, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Honeywell International Inc., The Chemours Company, DAIKIN INDUSTRIES, Ltd., Arkema S.A., Orbia (formerly Mexichem/Koura), Linde plc, Sinochem Holdings, A-Gas, Zhejiang Sanmei Chemical Incorporated Company, and Air Liquide |
Major Low GWP Refrigerants Market players include Honeywell, Chemours, Daikin, Arkema, and Orbia, investing in Solstice, HFOs, and natural refrigerant portfolios.
Asia Pacific held 38.3% of the Low GWP Refrigerants Market share in 2024, driven by urbanization and initiatives like India’s Cooling Plan and China’s CO? policies.
Commercial refrigeration captured 44.6% of the Low GWP Refrigerants Market share due to supermarket and retail adoption of CO? and hydrocarbon systems.
Hydrocarbons dominated the Low GWP Refrigerants Market share in 2024 with 44.6% due to their low global warming potential and energy efficiency.
Global regulatory mandates like the U.S. AIM Act and Kigali Amendment are accelerating the Low GWP Refrigerants Market growth by phasing down high-GWP HFCs.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Cost Comparison of Replacement Refrigerants
5.2 Patent Filing Trends for New Refrigerants
5.3 Cold Chain Refrigeration Shifts to Alternatives
5.4 Low Global Warming Potential Refrigerants in Heat Pumps
5.5 Government Procurement of Sustainable Systems
6. Competitive Landscape
6.1 List of Major Companies By Region
6.2 Market Share Analysis By Region
6.3 Type Benchmarking
6.3.1 Type specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion Plans and New Type Launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Low GWP Refrigerants Market Segmentation By Type
7.1 Chapter Overview
7.2 Inorganics
7.2.1 Inorganics Trend Analysis (2021-2032)
7.2.2 Inorganics Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.3 Ammonia
7.2.3.1 Ammonia Trend Analysis (2021-2032)
7.2.3.2 Ammonia Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.4 Carbon Dioxide
7.2.4.1 Carbon Dioxide Trend Analysis (2021-2032)
7.2.4.2 Carbon Dioxide Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.5 Others
7.2.5.1 Others Trend Analysis (2021-2032)
7.2.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Hydrocarbons
7.3.1 Hydrocarbons Market Trends Analysis (2021-2032)
7.3.2 Hydrocarbons Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.3 Isobutane
7.3.3.1 Isobutane Trend Analysis (2021-2032)
7.3.3.2 Isobutane Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.4 Propane
7.3.4.1 Propane Trend Analysis (2021-2032)
7.3.4.2 Propane Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.5 Butane
7.3.5.1 Butane Trend Analysis (2021-2032)
7.3.5.2 Butane Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.4 Ethane
7.3.4.1 Ethane Trend Analysis (2021-2032)
7.3.4.2 Ethane Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3.5 Others
7.3.5.1 Others Trend Analysis (2021-2032)
7.3.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Fluorocarbons
7.4.1 Fluorocarbons Trend Analysis (2021-2032)
7.4.2 Fluorocarbons Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4.3 Hydrofluorocarbon (HFCs)
7.4.3.1 Hydrofluorocarbon (HFCs) Trend Analysis (2021-2032)
7.4.3.2 Hydrofluorocarbon (HFCs) Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4.4 Hydrofluoroolefin (HFOs)
7.4.4.1 Hydrofluoroolefin (HFOs) Trend Analysis (2021-2032)
7.4.4.2 Hydrofluoroolefin (HFOs) Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Low GWP Refrigerants Market Segmentation By Application
8.1 Chapter Overview
8.2 Industrial Refrigeration
8.2.1 Industrial Refrigeration Market Trends Analysis (2021-2032)
8.2.2 Industrial Refrigeration Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Commercial Refrigeration
8.3.1 Commercial Refrigeration Market Trends Analysis (2021-2032)
8.3.2 Commercial Refrigeration Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Domestic Refrigeration
8.4.1 Domestic Refrigeration Market Trends Analysis (2021-2032)
8.4.2 Domestic Refrigeration Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Others
8.5.1 Others Market Trends Analysis (2021-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Low GWP Refrigerants Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.2.3 North America Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.2.4 North America Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.2.5.2 USA Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.2.6.2 Canada Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.2.7.2 Mexico Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3 Europe
9.3.1 Trends Analysis
9.3.2 Europe Low GWP Refrigerants Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.3.3 Europe Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.3.4 Europe Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.5 Germany
9.3.5.1 Germany Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.3.5.2 Germany Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.6 France
9.3.6.1 France Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.3.6.2 France Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.7 UK
9.3.7.1 UK Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.3.7.2 UK Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.8 Italy
9.3.8.1 Italy Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.3.8.2 Italy Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.9 Spain
9.3.9.1 Spain Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.3.9.2 Spain Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.10 Poland
9.3.10.1 Poland Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.3.10.2 Poland Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.11 Turkey
9.3.11.1 Turkey Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.3.11.2 Turkey Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.3.12 Rest of Europe
9.3.12.1 Rest of Europe Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.3.12.2 Rest of Europe Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Low GWP Refrigerants Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.4.3 Asia Pacific Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.4.4 Asia Pacific Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.4.5.2 China Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.4.5.2 India Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.4.5.2 Japan Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.4.6.2 South Korea Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.7 Singapore
9.4.7.1 Singapore Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.4.7.2 Singapore Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
8.4.8 Australia
8.4.8.1 Australia Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
8.4.8.2 Australia Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.4.9 Rest of Asia Pacific
9.4.9.1 Rest of Asia Pacific Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.4.9.2 Rest of Asia Pacific Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5 Middle East & Africa
9.5.1 Trends Analysis
9.5.2 Middle East & Africa Low GWP Refrigerants Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.5.3 Middle East & Africa Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.5.4 Middle East & Africa Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.5 UAE
9.5.5.1 UAE Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.5.5.2 UAE Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.6 Saudi Arabia
9.5.6.1 Saudi Arabia Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.5.6.2 Saudi Arabia Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.7 Qatar
9.5.7.1 Qatar Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.5.7.2 Qatar Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.8 South Africa
9.5.8.1 South Africa Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.5.8.2 South Africa Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.5.9 Rest of Middle East & Africa
9.5.9.1 Rest of Middle East & Africa Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.5.9.2 Rest of Middle East & Africa Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Low GWP Refrigerants Market Estimates and Forecasts, by Country (2021-2032) (USD Billion)
9.6.3 Latin America Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.6.4 Latin America Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.6.5.2 Brazil Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.6.6.2 Argentina Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
9.6.7 Rest of Latin America
9.6.7.1 Rest of Latin America Low GWP Refrigerants Market Estimates and Forecasts, By Type (2021-2032) (USD Billion)
9.6.7.2 Rest of Latin America Low GWP Refrigerants Market Estimates and Forecasts, By Application (2021-2032) (USD Billion)
10. Company Profiles
10.1 Honeywell International Inc.
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/Services Offered
10.1.4 SWOT Analysis
10.2 The Chemours Company
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/Services Offered
10.2.4 SWOT Analysis
10.3 DAIKIN INDUSTRIES, Ltd.
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/Services Offered
10.3.4 SWOT Analysis
10.4 Arkema S.A.
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/Services Offered
10.4.4 SWOT Analysis
10.5 Orbia (formerly Mexichem/Koura)
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/Services Offered
10.5.4 SWOT Analysis
10.6 Linde plc
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/Services Offered
10.6.4 SWOT Analysis
10.7 Sinochem Holdings
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/Services Offered
10.7.4 SWOT Analysis
10.8 A-Gas
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/Services Offered
10.8.4 SWOT Analysis
10.9 Zhejiang Sanmei Chemical Incorporated Company
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/Services Offered
10.9.4 SWOT Analysis
10.10 Air Liquide
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Products/Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Inorganics
Ammonia
Carbon Dioxide
Others
Hydrocarbons
Isobutane
Propane
Butane
Ethane
Others
Fluorocarbons
Hydrofluorocarbon (HFCs)
Hydrofluoroolefin (HFOs)
By Application
Industrial Refrigeration
Commercial Refrigeration
Domestic Refrigeration
Others
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Poland
Turkey
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players