Europe Hydrocarbon Refrigerants Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The Europe hydrocarbon refrigerants market size reached US$ 209.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 324.6 Million by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
Hydrocarbon refrigerants (HCs) are called natural refrigerants as the chemicals used in the manufacturing of these refrigerants are derived from the natural bio-chemical processes. These refrigerants have very low impact on the environment in terms of ozone depletion and global warming.
Europe has made stringent rules and regulations restricting the use of HFC and HCFC refrigerants which is turn is expected to increase the demand for natural refrigerants in the region. The governments of various countries in the region are taking various initiatives to limit the amount of fluorinated gases that are being sold in Europe and are banning the use of these gases in some new types of equipments as well. Moreover, hydrocarbon refrigerants are extensively being used in domestic refrigeration systems, commercial refrigeration systems, mobile air conditioners, stationary air conditioners, etc. With the changing lifestyles, food habits and increasing demand of time and energy saving appliances, the demand of hydrocarbon refrigerants has also increased in recent years in the European region. Apart from being environment-friendly, HCs are quite east to implement, require minimal investment during conversion and have a superior COP (coefficient of performance). Since cooling accounts for more than half of the energy consumption of any building, switching to hydrocarbon refrigerants can result in significant cost saving as well. In addition to this, hydrocarbon refrigerants can be purchased at cheaper prices, have a low GWP & GHG rating (Global Warming Potential and Greenhouse Gas emissions) and offer superior energy efficiency as compared to their alternatives.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe hydrocarbon refrigerants market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on type and application.
Breakup by Type:
R290 Propane
R600a Isobutane
R1270 Propylene
Others
Amongst these, (R290) propane currently holds the largest share.
Breakup by Application:
Refrigeration Systems
Chillers
Air Conditioning Systems
Heat Pumps
Others
Refrigeration systems currently represent the leading segment, accounting for the largest share.
Breakup by Country:
Germany
United Kingdom
France
Others
Germany currently represents the largest market for hydrocarbon refrigerants in Europe.
Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive without any acquisition. Some of the leading players operating in the market are:
Linde gas
A-Gas
SRS Frigadon
Nidec Secop
Beijer REF
Eurammon
True mfg
Key Questions Answered in This Report:
How has the Europe hydrocarbon refrigerants market performed so far and how will it perform in the coming years?
What are the key regional markets in the Europe hydrocarbon refrigerants industry?
What has been the impact of COVID-19 on the Europe hydrocarbon refrigerants industry?
What are the major types in the Europe hydrocarbon refrigerants industry?
What are the major application segments in the Europe hydrocarbon refrigerants industry?
What are the various stages in the value chain of the Europe hydrocarbon refrigerants industry?
What are the key driving factors and challenges in the Europe hydrocarbon refrigerants industry?
What is the structure of the Europe hydrocarbon refrigerants industry and who are the key players?
What is the degree of competition in the Europe hydrocarbon refrigerants industry?
The Europe hydrocarbon refrigerants market size reached US$ 209.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 324.6 Million by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
Hydrocarbon refrigerants (HCs) are called natural refrigerants as the chemicals used in the manufacturing of these refrigerants are derived from the natural bio-chemical processes. These refrigerants have very low impact on the environment in terms of ozone depletion and global warming.
Europe has made stringent rules and regulations restricting the use of HFC and HCFC refrigerants which is turn is expected to increase the demand for natural refrigerants in the region. The governments of various countries in the region are taking various initiatives to limit the amount of fluorinated gases that are being sold in Europe and are banning the use of these gases in some new types of equipments as well. Moreover, hydrocarbon refrigerants are extensively being used in domestic refrigeration systems, commercial refrigeration systems, mobile air conditioners, stationary air conditioners, etc. With the changing lifestyles, food habits and increasing demand of time and energy saving appliances, the demand of hydrocarbon refrigerants has also increased in recent years in the European region. Apart from being environment-friendly, HCs are quite east to implement, require minimal investment during conversion and have a superior COP (coefficient of performance). Since cooling accounts for more than half of the energy consumption of any building, switching to hydrocarbon refrigerants can result in significant cost saving as well. In addition to this, hydrocarbon refrigerants can be purchased at cheaper prices, have a low GWP & GHG rating (Global Warming Potential and Greenhouse Gas emissions) and offer superior energy efficiency as compared to their alternatives.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe hydrocarbon refrigerants market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on type and application.
Breakup by Type:
R290 Propane
R600a Isobutane
R1270 Propylene
Others
Amongst these, (R290) propane currently holds the largest share.
Breakup by Application:
Refrigeration Systems
Chillers
Air Conditioning Systems
Heat Pumps
Others
Refrigeration systems currently represent the leading segment, accounting for the largest share.
Breakup by Country:
Germany
United Kingdom
France
Others
Germany currently represents the largest market for hydrocarbon refrigerants in Europe.
Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive without any acquisition. Some of the leading players operating in the market are:
Linde gas
A-Gas
SRS Frigadon
Nidec Secop
Beijer REF
Eurammon
True mfg
Key Questions Answered in This Report:
How has the Europe hydrocarbon refrigerants market performed so far and how will it perform in the coming years?
What are the key regional markets in the Europe hydrocarbon refrigerants industry?
What has been the impact of COVID-19 on the Europe hydrocarbon refrigerants industry?
What are the major types in the Europe hydrocarbon refrigerants industry?
What are the major application segments in the Europe hydrocarbon refrigerants industry?
What are the various stages in the value chain of the Europe hydrocarbon refrigerants industry?
What are the key driving factors and challenges in the Europe hydrocarbon refrigerants industry?
What is the structure of the Europe hydrocarbon refrigerants industry and who are the key players?
What is the degree of competition in the Europe hydrocarbon refrigerants industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 EUROPE HYDROCARBON REFRIGERANTS MARKET
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Type
5.5Market Breakup by Application
5.6Market Breakup by Region
5.7Market Forecast
5.8SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Manufacturing
5.9.4 Distribution
5.9.5 Export
5.9.6 End-Use
5.10Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11Price Analysis
6 MARKET BREAKUP BY TYPE
6.1R290 Propane
6.1.1 Market Trends
6.1.2 Market Forecast
6.2R600a Isobutane
6.2.1 Market Trends
6.2.2 Market Forecast
6.3R1270 Propylene
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1Refrigeration Systems
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Chillers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Air Conditioning Systems
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Heat Pumps
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1Germany
8.1.1 Market Trends
8.1.2 Market Breakup by Type
8.1.3 Market Breakup by Application
8.1.4 Market Forecast
8.2United Kingdom
8.2.1 Market Trends
8.2.2 Market Breakup by Type
8.2.3 Market Breakup by Application
8.2.4 Market Forecast
8.3France
8.3.1 Market Trends
8.3.2 Market Breakup by Type
8.3.3 Market Breakup by Application
8.3.4 Market Forecast
8.4Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 COMPETITIVE LANDSCAPE
9.1Market Structure
9.2Key Players
9.3Profiles of Key Players
9.3.1 Linde gas
9.3.2 A-Gas
9.3.3 SRS Frigadon
9.3.4 Nidec Secop
9.3.5 Beijer REF
9.3.6 Eurammon
9.3.7 True mfg
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 EUROPE HYDROCARBON REFRIGERANTS MARKET
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Type
5.5Market Breakup by Application
5.6Market Breakup by Region
5.7Market Forecast
5.8SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Manufacturing
5.9.4 Distribution
5.9.5 Export
5.9.6 End-Use
5.10Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11Price Analysis
6 MARKET BREAKUP BY TYPE
6.1R290 Propane
6.1.1 Market Trends
6.1.2 Market Forecast
6.2R600a Isobutane
6.2.1 Market Trends
6.2.2 Market Forecast
6.3R1270 Propylene
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1Refrigeration Systems
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Chillers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Air Conditioning Systems
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Heat Pumps
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1Germany
8.1.1 Market Trends
8.1.2 Market Breakup by Type
8.1.3 Market Breakup by Application
8.1.4 Market Forecast
8.2United Kingdom
8.2.1 Market Trends
8.2.2 Market Breakup by Type
8.2.3 Market Breakup by Application
8.2.4 Market Forecast
8.3France
8.3.1 Market Trends
8.3.2 Market Breakup by Type
8.3.3 Market Breakup by Application
8.3.4 Market Forecast
8.4Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 COMPETITIVE LANDSCAPE
9.1Market Structure
9.2Key Players
9.3Profiles of Key Players
9.3.1 Linde gas
9.3.2 A-Gas
9.3.3 SRS Frigadon
9.3.4 Nidec Secop
9.3.5 Beijer REF
9.3.6 Eurammon
9.3.7 True mfg
LIST OF TABLES
Table 1: Europe: Hydrocarbon Refrigerants Market: Key Industry Highlights, 2022 and 2028
Table 2: Europe: Hydrocarbon Refrigerants Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Europe: Hydrocarbon Refrigerants Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Europe: Hydrocarbon Refrigerants Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Europe: Hydrocarbon Refrigerants Market: Competitive Structure
Table 6: Europe: Hydrocarbon Refrigerants Market: Key Players
Table 1: Europe: Hydrocarbon Refrigerants Market: Key Industry Highlights, 2022 and 2028
Table 2: Europe: Hydrocarbon Refrigerants Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Europe: Hydrocarbon Refrigerants Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Europe: Hydrocarbon Refrigerants Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Europe: Hydrocarbon Refrigerants Market: Competitive Structure
Table 6: Europe: Hydrocarbon Refrigerants Market: Key Players
LIST OF FIGURES
Figure 1: Europe: Hydrocarbon Refrigerants Market: Major Drivers and Challenges
Figure 2: Europe: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017-2022
Figure 3: Europe: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2022
Figure 4: Europe: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2022
Figure 5: Europe: Hydrocarbon Refrigerants Market: Breakup by Region (in %), 2022
Figure 6: Europe: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 7: Europe: Hydrocarbon Refrigerants Industry: SWOT Analysis
Figure 8: Europe: Hydrocarbon Refrigerants Industry: Value Chain Analysis
Figure 9: Europe: Hydrocarbon Refrigerants Industry: Porter’s Five Forces Analysis
Figure 10: Europe: Hydrocarbon Refrigerants (R290 Propane) Market: Value Trends (in Million US$), 2017 & 2022
Figure 11: Europe: Hydrocarbon Refrigerants (R290 Propane) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 12: Europe: Hydrocarbon Refrigerants (R600a Isobutane) Market: Value Trends (in Million US$), 2017 & 2022
Figure 13: Europe: Hydrocarbon Refrigerants (R600a Isobutane) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 14: Europe: Hydrocarbon Refrigerants (R1270 Propylene) Market: Value Trends (in Million US$), 2017 & 2022
Figure 15: Europe: Hydrocarbon Refrigerants (R1270 Propylene) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 16: Europe: Hydrocarbon Refrigerants (Other Types) Market: Value Trends (in Million US$), 2017 & 2022
Figure 17: Europe: Hydrocarbon Refrigerants (Other Types) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 18: Europe: Hydrocarbon Refrigerants (Refrigeration Systems) Market: Value Trends (in Million US$), 2017 & 2022
Figure 19: Europe: Hydrocarbon Refrigerants (Refrigeration Systems) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 20: Europe: Hydrocarbon Refrigerants (Chillers) Market: Value Trends (in Million US$), 2017 & 2022
Figure 21: Europe: Hydrocarbon Refrigerants (Chillers) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 22: Europe: Hydrocarbon Refrigerants (Air Conditioning Systems) Market: Value Trends (in Million US$), 2017 & 2022
Figure 23: Europe: Hydrocarbon Refrigerants (Air Conditioning Systems) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 24: Europe: Hydrocarbon Refrigerants (Heat Pumps) Market: Value Trends (in Million US$), 2017 & 2022
Figure 25: Europe: Hydrocarbon Refrigerants (Heat Pumps) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 26: Europe: Hydrocarbon Refrigerants (Other Applications) Market: Value Trends (in Million US$), 2017 & 2022
Figure 27: Europe: Hydrocarbon Refrigerants (Other Applications) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 28: Germany: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017 & 2022
Figure 29: Germany: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2022
Figure 30: Germany: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2022
Figure 31: Germany: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 32: United Kingdom: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017 & 2022
Figure 33: United Kingdom: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2022
Figure 34: United Kingdom: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2022
Figure 35: United Kingdom: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 36: France: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017 & 2022
Figure 37: France: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2022
Figure 38: France: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2022
Figure 39: France: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 40: Others: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017 & 2022
Figure 41: Others: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 1: Europe: Hydrocarbon Refrigerants Market: Major Drivers and Challenges
Figure 2: Europe: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017-2022
Figure 3: Europe: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2022
Figure 4: Europe: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2022
Figure 5: Europe: Hydrocarbon Refrigerants Market: Breakup by Region (in %), 2022
Figure 6: Europe: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 7: Europe: Hydrocarbon Refrigerants Industry: SWOT Analysis
Figure 8: Europe: Hydrocarbon Refrigerants Industry: Value Chain Analysis
Figure 9: Europe: Hydrocarbon Refrigerants Industry: Porter’s Five Forces Analysis
Figure 10: Europe: Hydrocarbon Refrigerants (R290 Propane) Market: Value Trends (in Million US$), 2017 & 2022
Figure 11: Europe: Hydrocarbon Refrigerants (R290 Propane) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 12: Europe: Hydrocarbon Refrigerants (R600a Isobutane) Market: Value Trends (in Million US$), 2017 & 2022
Figure 13: Europe: Hydrocarbon Refrigerants (R600a Isobutane) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 14: Europe: Hydrocarbon Refrigerants (R1270 Propylene) Market: Value Trends (in Million US$), 2017 & 2022
Figure 15: Europe: Hydrocarbon Refrigerants (R1270 Propylene) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 16: Europe: Hydrocarbon Refrigerants (Other Types) Market: Value Trends (in Million US$), 2017 & 2022
Figure 17: Europe: Hydrocarbon Refrigerants (Other Types) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 18: Europe: Hydrocarbon Refrigerants (Refrigeration Systems) Market: Value Trends (in Million US$), 2017 & 2022
Figure 19: Europe: Hydrocarbon Refrigerants (Refrigeration Systems) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 20: Europe: Hydrocarbon Refrigerants (Chillers) Market: Value Trends (in Million US$), 2017 & 2022
Figure 21: Europe: Hydrocarbon Refrigerants (Chillers) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 22: Europe: Hydrocarbon Refrigerants (Air Conditioning Systems) Market: Value Trends (in Million US$), 2017 & 2022
Figure 23: Europe: Hydrocarbon Refrigerants (Air Conditioning Systems) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 24: Europe: Hydrocarbon Refrigerants (Heat Pumps) Market: Value Trends (in Million US$), 2017 & 2022
Figure 25: Europe: Hydrocarbon Refrigerants (Heat Pumps) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 26: Europe: Hydrocarbon Refrigerants (Other Applications) Market: Value Trends (in Million US$), 2017 & 2022
Figure 27: Europe: Hydrocarbon Refrigerants (Other Applications) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 28: Germany: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017 & 2022
Figure 29: Germany: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2022
Figure 30: Germany: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2022
Figure 31: Germany: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 32: United Kingdom: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017 & 2022
Figure 33: United Kingdom: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2022
Figure 34: United Kingdom: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2022
Figure 35: United Kingdom: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 36: France: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017 & 2022
Figure 37: France: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2022
Figure 38: France: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2022
Figure 39: France: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 40: Others: Hydrocarbon Refrigerants Market: Value Trends (in Million US$), 2017 & 2022
Figure 41: Others: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million US$), 2023-2028
