Freon Refrigerant(R22) is a chemical that keeps the air coming from your air conditioning system cool, so it’s unquestionably incredibly important. Most air conditioning units older than 10 years utilize an AC refrigerant called R22 that’s commonly identified as Freon*, and is noted by the EPA as HCFC-22. This refrigerant was introduced in the 1950s and became the leading AC refrigerant in the residential heating and cooling industry.
Fast forward a few decades and the world realized that R22 Refrigerant was aiding in the depletion of the Earth’s ozone layer. Not a great thing. So, the U.S. EPA, in cooperation with other agencies and groups around the world, initiated a phase out of many ozone-depleting agents as part of an international agreement known as the Montreal Protocol. The regulation lists many HCFCs and CFCs (different types of refrigerants that deplete the ozone layer), but R22 is considered one of the worst offenders.
In 2003, the phase out of R22 production and imports began. By early 2010 the production and import of R22 became prohibited. However, servicing current, existing equipment is still acceptable if there is an available supply of R22. To confirm the public’s compliance with the new law, all sales of R22 must be purchased by a certified technician. The production and import of R22 will be continually reduced by law until 2020, when all production and import will be eliminated. Only recycled R22 Refrigerant will be available to service existing air conditioners after 2020.
This report contains market size and forecasts of Freon Refrigerant in global, including the following market information:
Global Freon Refrigerant Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Freon Refrigerant Market Sales, 2017-2022, 2023-2028, (Kiloton)
Global top five Freon Refrigerant companies in 2021 (%)
The global Freon Refrigerant market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Purity ≥99.9% Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Freon Refrigerant include Juhua Group, Shandong Dongyue Chemical Co Ltd, Arkema, Jiangsu Meilan Chemical, Zhejiang Sanmei Chemical, Changshu 3F Zhonghao, Yonghe Company, Chemours and Linhai Limin Chemicals and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Freon Refrigerant manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Freon Refrigerant Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Freon Refrigerant Market Segment Percentages, by Type, 2021 (%)
Purity ≥99.9%
Purity <99.9%
Global Freon Refrigerant Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Freon Refrigerant Market Segment Percentages, by Application, 2021 (%)
Air Conditioning
Refrigeration
Others
Global Freon Refrigerant Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Freon Refrigerant Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Freon Refrigerant revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Freon Refrigerant revenues share in global market, 2021 (%)
Key companies Freon Refrigerant sales in global market, 2017-2022 (Estimated), (Kiloton)
Key companies Freon Refrigerant sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Juhua Group
Shandong Dongyue Chemical Co Ltd
Arkema
Jiangsu Meilan Chemical
Zhejiang Sanmei Chemical
Changshu 3F Zhonghao
Yonghe Company
Chemours
Linhai Limin Chemicals
AG Chem