Transparency Market Research in its new report titled, “Tetrafluoroethane (R134A) Refrigerant Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the R134A refrigerant market. The TMR report anticipates that the R134A refrigerant market will propel remarkably during the forecast period i.e, 2018-2026 the absence of its substitutes in the market as most of the refrigeration systems use R134A as a refrigerant and are designed to integrate R134A only. If the refrigerant is to be changed, the entire system has to be redesigned and rebooted before it can be operated with any other refrigerant, which means incurring of additional cost. There are multiple methods for producing R134A, all of which involve reacting hydrogen fluoride with a compound containing carbon and chlorine. The primary raw material used in the production of R134A is hydrogen fluoride, made from fluorspar and trichloroethylene or perchloroethylene, says the report.
As per the report, R134A refrigerants, with a GWP of 1300, have higher potential to cause global warming than other HFCs, such as R152a. This has led the European Union ban the usage of R-134A in new vehicles, which became effective in 2011. In July 2015, it was announced that the United States Environmental Protection Agency was planning to phase out certain HFC refrigerants, such as R134A. 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 is projected to limit the demand for R134A refrigerant in the near future. The report has segmented the R134A refrigerant market on the basis of application into foam-blowing agent, refrigerant blend, propellant, and others. Based on end use, the R134A refrigerant market is broadly categorized into air conditioner (automotive, domestic, and commercial), industrial, pharmaceutical, refrigerator, and chillers. Air conditioner application segment is projected to expand rapidly during the forecast period. Asia Pacific is expected to lead the R134A refrigerant market during the forecast period due to the growing automotive industry in the region, which is a major application area of R134A refrigerant.
The global R134A refrigerant market is divided segmented, in terms of geographical perspective, into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific was the dominant market for R134A refrigerant in 2016. Growth in 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, industry alliances are expected to support the growth of the R134A refrigerant market in the region during the forecast period. Key players operating in R-134A refrigerant market are profiled in this report to give a better competitive analysis of the market and these include Daikin, Chemours, Arkema, Dongyue Group, and Sinochem Group, among others.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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