New report published by Global QYResearch which offers insights on the global R410A market. The R410A market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for R410A is expected to reflect a 1.3x increase in the revenue growth. In 2017 the global R410A market was valued at US$ 1,520 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 1,930 Mn growing at a value CAGR of 3.0% throughout the period of forecast.
Global R410A Market: Market Driver and Restraint
Applications of R410A are anticipated to create new business segments in the market. R410A is in use for a broad range of Industrial Air Conditioning products such as Central air conditioning, Inverter air conditioner & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. R410A application is developed towards a more active mode.
Manufacturers are exploring the potential of R410A in Commercial Air Conditioning. Application of R410A in Smart home devices are gaining traction in the recent years. Recently, manufacturers have started using R410A in the Residential Air Conditioning area. Further, there are also potential uses in the areas of Internet of Things.
Global R410A Market: Key Takeaways
Global R410A Market: Forecast by Form
This segment includes Qualified Grade, Excellent Grade, etc. In terms of volume, Qualified Grade segment is expected to remain dominant in the global R410A market.
Global R410A Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. China is the dominant market in the global R410A market in terms of value. The ChinaR410A market was estimated to be valued at US$ 675.79 Mn in 2017 and is expected to expand at a value CAGR of 3.3% over the forecast period. The North America market is expected to expand at a robust rate of 3.7% in terms of revenue over the forecast period due to the steadily increasing production capacity for Central air conditioning products in this region.
Global R410A Market: Key Players
Chemours (DuPont), Honeywell, Mexichem, Arkema, The Linde Group, Juhua Group, Dongyue Federation, Meilan, Huaan New Material, Sinochem, Limin Chemicals, Bailian Chemical, SINOLOONG, FEI YUAN CHEMICAL, Gemeifu Chemical Industry, Xilong Group, Sanmei, etc. are the key vendors included in this report.
The market concentration of R410A is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 50% of sales. Chemours (DuPont) is by far the leader, followed by Honeywell and Arkema. Key Vendors like Arkema ,The Linde Group , and Juhua Group, also play important part in regional market, so the market share in each region is quite different.
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