Global Low GWP Refrigerants Market by Type (Inorganics, Hydrocarbons, Fluorocarbons), Application (Commercial Refrigeration, Industrial Refrigeration, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

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Global Low GWP Refrigerants market is expected to reach USD 35.7 Billion by 2025 at a CAGR of 12.1% during the forecast period from 2018-2025. Less impact on the environment through low GWP refrigerant and rising demand for refrigeration and air-conditioning application are the key contributors to the market.

Market Overview:

The Global Warming Potential (GWP) is defined as a degree of a greenhouse gas released into the atmosphere and benchmarked against CO2 which has a GWP equal to one. It is a measure of the potency of a greenhouse gas relative to carbon dioxide (where carbon dioxide has a GWP value of 1). The HFC refrigerants generally used today have GWP values that are thousands of times larger than that of carbon dioxide. The use of the refrigerants with low global warming potential (GWP) helps to reduce the effect of the refrigeration systems on global warming. In the future, when GWP values decrease due to phase-downs and energy efficiency demands (MEPS) increase, HVACR professionals will focus on using components that allow for the lowest possible charge and technologies with the best cost/performance for a given refrigerant type.

Report Description:

  • The base year for the study has been considered 2017, the historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The low GWP refrigerants market is analyzed by value (USD Billion) and volume (Kilotons).
  • The study delivers a comprehensive analysis of the global low GWP refrigerants market by types, application, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used to recognize the competitive scenario in the global low GWP refrigerants market. This report incorporates the industry analysis which is focused on providing an extensive view of the low GWP refrigerants market.
  • The study also includes attractiveness analysis of types, application, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the Low GWP Refrigerants market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

  • Less effect on the environment with the use of low GWP refrigerants
  • Striking out the use of  CFC, CFC, and HFC refrigerants
  • Long-Term application of low GWP refrigerants
  • Growing demand for refrigeration and air-conditioning application

Restraints:

  • Involves high capital cost
  • Due to its properties like flammability and toxicity, it suffers a major drawback

Opportunities:

  • Combats global warming
  • Less cost of operation and  better performance due to technological improvement

Challenges:

  • Lack of purification companies
  • Less education and awareness in HVAC contractors and technicians

Global Low GWP Refrigerants Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The low GWP refrigerants market is segmented by type and application

  • The type segment is classified into inorganics, hydrocarbons, and fluorocarbons. The inorganics are divided into ammonia, carbon-di-oxide, and others. The hydrocarbons are categorized as HFOC and HFCS. The fluorocarbons are sub-segmented as propane, isobutane, and others. The hydrocarbons segment is dominating the low GWP refrigerants market with USD 6.47 Billion in 2017. Hydrocarbons have outstanding thermodynamic properties and refrigerating, and air-conditioning systems operating using these substances are highly energy-efficient. Hydrocarbons are miscible with conventional refrigerating oils and have a relatively high critical temperature.
  • The application segment includes commercial refrigeration, industrial refrigeration, domestic refrigeration, stationary air-conditioning, mobile air-conditioning, and others.  The commercial refrigeration segment held a market share of 28.60% in 2017. Commercial refrigeration comprises of cold displays, refrigerating chambers, ice machines & cold counters, and condensing units commonly used in supermarkets, shops, and centralized units. The commercial refrigeration segment is growing rapidly as it is characterized by a high refrigerant leakage rate and high energy consumption.

Regional Segmentation Analysis: 

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Europe region dominated the global Low GWP Refrigerants market with USD 5.84 Billion in 2017 whereas the North America region held the second dominant position in the market.

  • The Europe region is dominant in terms of market share as various actions have been taken by the governments of countries in Europe for energy conservation and dumping of low GWP refrigerants into landfills and ponds, resulting in more implementation of low GWP refrigerants.
  • North America is growing rapidly as it has established its manufacturing hub which uses technologically advanced techniques, thereby stimulating the growth of the market.

Global Low GWP Refrigerants Market Competitive Analysis:

Key players in the Low GWP Refrigerants market are Linde Group, Honeywell, Sinochem Group, Airgas Inc., Engas Australasia, A-Gas, and Puyang Zhongwei Fine Chemical¸ Harp International, Tazzetti, Shandong Yueon Chemical Industry, GTS, Chemours, Mexichem, Daikin and Arkema. For instance, The Linde Group, the market leader in the low GWP refrigerants market, invested USD 33.70 Billion to expand production capacity and meet growing customer demands in Malaysia

This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global low GWP refrigerants market by below-mentioned segments:

Global Low GWP Refrigerants Market, By Type:

  • Inorganics
  • Ammonia
  • Carbon Di-Oxide
  • Others
  • Fluorocarbons
  • HFOC
  • HFCS
  • Hydrocarbons
  • Propane
  • Isobutane
  • Others

Global Low GWP Refrigerants Market, By Application:

  • Commercial Refrigeration
  • Industrial Refrigeration
  • Domestic Refrigeration
  • Stationary Air-Conditioning
  • Mobile Air-Conditioning
  • Others

Global Low GWP Refrigerants Market, By Regions:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of The Middle East and Africa

*All our reports are customizable as per customer requirements

1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market attractiveness analysis by Type
        4.3.2. Market attractiveness analysis by Application
        4.3.3. Market attractiveness analysis by Region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Less effect on environment with the use of low GWP refrigerants
        5.2.2. Striking out the use of  CFC, CFC, and HFC refrigerants
        5.2.3. Long-Term application of low GWP refrigerants
        5.2.4. Growing demand for refrigeration and air-conditioning application
   5.3. Restraints
        5.3.1. Involves high capital cost
        5.3.2. Due to its properties like flammability and toxicity, it suffers a major drawback
   5.4. Opportunities
        5.4.1. Combats global warming
        5.4.2. Less cost of operation and  better performance due to technological improvement
   5.5. Challenges
        5.5.1. Lack of purification companies
        5.5.2. Less education and awareness in HVAC contractors and technicians

6. Global Low GWP Refrigerants Market Analysis and Forecast, By Type
   6.1. Segment Overview
   6.2. Inorganics
        6.2.1.  Ammonia
        6.2.2. Carbon Di-Oxide
        6.2.3. Others
   6.3. Fluorocarbons
        6.3.1. HFOC
        6.3.2. HFCS
   6.4. Hydrocarbons
        6.4.1.  Propane
        6.4.2.  Isobutane
        6.4.3.  Others

7. Global Low GWP Refrigerants Market Analysis and Forecast, By Application
   7.1. Segment Overview
   7.2. Commercial Refrigeration
   7.3. Industrial Refrigeration
   7.4. Domestic Refrigeration
   7.5. Stationary Air-Conditioning
   7.6. Mobile Air-Conditioning
   7.7. Others

8. Global Low GWP Refrigerants Market Analysis and Forecast, By Regional Analysis
   8.1. Segment Overview
   8.2. North America
        8.2.1. U.S.
        8.2.2. Canada
        8.2.3. Mexico
   8.3. Europe
        8.3.1. Germany
        8.3.2. France
        8.3.3. Sweden
        8.3.4. Netherlands
        8.3.5. U.K.
        8.3.6. Italy
        8.3.7. Spain
        8.3.8. Turkey
        8.3.9. Switzerland
        8.3.10. Belgium
        8.3.11. Rest of Europe
   8.4. Asia-Pacific
        8.4.1. Japan
        8.4.2. China
        8.4.3. India
        8.4.4. South Korea
        8.4.5. Australia
        8.4.6. Singapore
        8.4.7. Malaysia
        8.4.8. Thailand
        8.4.9. Indonesia
        8.4.10. Philippines
        8.4.11. Rest of Asia-Pacific
   8.5. South America
        8.5.1. Brazil
        8.5.2. Argentina
        8.5.3. Colombia
        8.5.4. Rest of South America
   8.6. Middle East and Africa
        8.6.1. Saudi Arabia
        8.6.2. UAE
        8.6.3. Egypt
        8.6.4. Nigeria
        8.6.5. South Africa
        8.6.6. Rest of  Middle East and Africa

9. Global Low GWP Refrigerants Market-Competitive Landscape
   9.1. Overview
   9.2. Market Share of Key Players in the Low GWP Refrigerants Market
        9.2.1. Global Company Market Share
        9.2.2. North America Company Market Share
        9.2.3. Europe Company Market Share
        9.2.4. APAC Company Market Share
   9.3. Competitive Situations and Trends
        9.3.1. Application Launches and Developments
        9.3.2. Partnerships, Collaborations, and Agreements
        9.3.3. Mergers & Acquisitions
        9.3.4. Expansions

10. Company Profiles
   10.1. Linde Group
        10.1.1. Business Overview
        10.1.2. Company Snapshot
        10.1.3. Company Market Share Analysis
        10.1.4. Company Application Portfolio
        10.1.5. Recent Developments
        10.1.6. SWOT Analysis
   10.2. Honeywell
        10.2.1. Business Overview
        10.2.2. Company Snapshot
        10.2.3. Company Market Share Analysis
        10.2.4. Company Application Portfolio
        10.2.5. Recent Developments
        10.2.6. SWOT Analysis
   10.3. Sinochem Group
        10.3.1. Business Overview
        10.3.2. Company Snapshot
        10.3.3. Company Market Share Analysis
        10.3.4. Company Application Portfolio
        10.3.5. Recent Developments
        10.3.6. SWOT Analysis
   10.4. Airgas Inc
        10.4.1. Business Overview
        10.4.2. Company Snapshot
        10.4.3. Company Market Share Analysis
        10.4.4. Company Application Portfolio
        10.4.5. Recent Developments
        10.4.6. SWOT Analysis
   10.5. Engas Australasia
        10.5.1. Business Overview
        10.5.2. Company Snapshot
        10.5.3. Company Market Share Analysis
        10.5.4. Company Application Portfolio
        10.5.5. Recent Developments
        10.5.6. SWOT Analysis
   10.6. A-Gas
        10.6.1. Business Overview
        10.6.2. Company Snapshot
        10.6.3. Company Market Share Analysis
        10.6.4. Company Application Portfolio
        10.6.5. Recent Developments
        10.6.6. SWOT Analysis
   10.7. Puyang Zhongwei Fine Chemical
        10.7.1. Business Overview
        10.7.2. Company Snapshot
        10.7.3. Company Market Share Analysis
        10.7.4. Company Application Portfolio
        10.7.5. Recent Developments
        10.7.6. SWOT Analysis
   10.8. Harp International
        10.8.1. Business Overview
        10.8.2. Company Snapshot
        10.8.3. Company Market Share Analysis
        10.8.4. Company Application Portfolio
        10.8.5. Recent Developments
        10.8.6. SWOT Analysis
   10.9. Tazzetti
        10.9.1. Business Overview
        10.9.2. Company Snapshot
        10.9.3. Company Market Share Analysis
        10.9.4. Company Application Portfolio
        10.9.5. Recent Developments
        10.9.6. SWOT Analysis
   10.10. Shandong Yueon Chemical Industry
        10.10.1. Business Overview
        10.10.2. Company Snapshot
        10.10.3. Company Market Share Analysis
        10.10.4. Company Application Portfolio
        10.10.5. Recent Developments
        10.10.6. SWOT Analysis
   10.11. GTS
        10.11.1. Business Overview
        10.11.2. Company Snapshot
        10.11.3. Company Market Share Analysis
        10.11.4. Company Application Portfolio
        10.11.5. Recent Developments
        10.11.6. SWOT Analysis
   10.12. Chemours
        10.12.1. Business Overview
        10.12.2. Company Snapshot
        10.12.3. Company Market Share Analysis
        10.12.4. Company Application Portfolio
        10.12.5. Recent Developments
        10.12.6. SWOT Analysis
   10.13. Mexichem
        10.13.1. Business Overview
        10.13.2. Company Snapshot
        10.13.3. Company Market Share Analysis
        10.13.4. Company Application Portfolio
        10.13.5. Recent Developments
        10.13.6. SWOT Analysis
   10.14. Daikin
        10.14.1. Business Overview
        10.14.2. Company Snapshot
        10.14.3. Company Market Share Analysis
        10.14.4. Company Application Portfolio
        10.14.5. Recent Developments
        10.14.6. SWOT Analysis
   10.15. Arkema
        10.15.1. Business Overview
        10.15.2. Company Snapshot
        10.15.3. Company Market Share Analysis
        10.15.4. Company Application Portfolio
        10.15.5. Recent Developments
        10.15.6. SWOT Analysis


List of Table
1. Global Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons)
2. Global Low GWP Refrigerants Market, By Inorganics, 2015–2025 (USD Billion) (Kilotons)
3. Global Low GWP Refrigerants Market, By Fluorocarbons, 2015–2025 (USD Billion) (Kilotons)
4. Global Low GWP Refrigerants Market, By Hydrocarbons, 2015–2025 (USD Billion) (Kilotons)
5. Global Inorganics Low GWP Refrigerants Market, By Region, 2015–2025 (USD Billion) (Kilotons)
6. Global Fluorocarbons Low GWP Refrigerants Market, By Region, 2015–2025 (USD Billion) (Kilotons)
7. Global Hydrocarbons Low GWP Refrigerants Market, By Region, 2015–2025 (USD Billion) (Kilotons) 
8. Global Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons)
9. Global Commercial Refrigeration Low GWP Refrigerants Market, BY Region, 2015–2025 (USD Billion) (Kilotons)
10. Global Industrial Refrigeration Low GWP Refrigerants Market, By Region, 2015–2025 (USD Billion) (Kilotons)
11. Global Domestic Refrigeration Low GWP Refrigerants Market, By Region, 2015–2025 (USD Billion) (Kilotons)
12. Global Stationary Air-Conditioning Low GWP Refrigerants Market, By Region, 2015–2025 (USD Billion) (Kilotons)
13. Global Mobile Air-Conditioning Low GWP Refrigerants Market, By Region, 2015–2025 (USD Billion) (Kilotons)
14. Global Others Low GWP Refrigerants Market, By Region, 2015–2025 (USD Billion) (Kilotons)
15. Global Low GWP Refrigerants Market, By Region, 2015–2025 (USD Billion) (Kilotons) 
16. North America Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
17. North America Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
18. U.S. Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
19. U.S. Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
20. Canada Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
21. Canada Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
22. Mexico Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
23. Mexico Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
24. Europe Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
25. Europe Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
26. Germany Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
27. Germany Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
28. France Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
29. France Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
30. Sweden Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
31. Sweden Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
32. Netherlands Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
33. Netherlands Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
34. U.K. Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
35. U.K. Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
36. Italy Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
37. Italy Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
38. Spain Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
39. Spain Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
40. Turkey Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
41. Turkey Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
42. Switzerland Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
43. Switzerland Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
44. Belgium Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
45. Belgium Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
46. Asia Pacific Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
47. Asia Pacific Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
48. Japan Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
49. Japan Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
50. China Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
51. China Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
52. India Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
53. India Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
54. South Korea Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
55. South Korea Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
56. Australia Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
57. Australia Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
58. Singapore Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
59. Singapore Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
60. Malaysia Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
61. Malaysia Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
62. Thailand Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
63. Thailand Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
64. Indonesia Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
65. Indonesia Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
66. Philippines Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
67. Philippines Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
68. South America Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
69. South America Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
70. Brazil Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
71. Brazil Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
72. Argentina Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
73. Argentina Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
74. Colombia Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
75. Colombia Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
76. Middle East and Africa Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
77. Middle East and Africa Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
78. Saudi Arabia Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
79. Saudi Arabia Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
80. UAE Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
81. UAE Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
82. Egypt Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
83. Egypt Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
84. Nigeria Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
85. Nigeria Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 
86. South Africa Low GWP Refrigerants Market, By Type, 2015–2025 (USD Billion) (Kilotons) 
87. South Africa Low GWP Refrigerants Market, By Application, 2015–2025 (USD Billion) (Kilotons) 

List of Figures 
1. Global Low GWP Refrigerants Market Segmentation
2. Low GWP Refrigerants Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis 
7. Value Chain Analysis 
8. Global Low GWP Refrigerants Market attractiveness analysis by Type
9. Global Low GWP Refrigerants Market attractiveness analysis by Application
10. Global Low GWP Refrigerants Market attractiveness analysis by Region
11. Global Low GWP Refrigerants Market: Dynamics
12. Global Low GWP Refrigerants Market Share by Type (2017 & 2025)
13. Global Low GWP Refrigerants Market Share by Application (2017 & 2025)
14. Global Low GWP Refrigerants Market Share by Regions (2017 & 2025)
15. Global Low GWP Refrigerants Market Share by Company (2018)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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