Automotive Refrigerant Market Synopsis:
Refrigerant is a compound generally present in either a fluid or in gaseous state. It can provide refrigeration or air conditioning when combined with other components such as compressors and evaporators and readily absorbs heat from the environment. Refrigerant is important part of the automotive air conditioning system. To absorb and release the heat, refrigerants in automobiles are used in air conditioning system.
Rising demand for an automobile is increasing demand for automotive refrigerant. The types of refrigerant used in the automobile are now changing as the growing concern about global warming is promoting the reduction of harmful emission to a significant extent. Introduction of new refrigerants in the market will increase the demand for automotive refrigerant resulting in the significant growth of the market. The another driving factor for the growth of market is increasing use of air conditioning system in the automotive industry.
On the basis of segmentation, theautomotive refrigerantmarket is divided into different segments such as type, product, sales channel, and region. The type segment is bifurcated into natural refrigerant, and synthetic refrigerant. On the basis of product, the market is categorized into R-134a, R-1234y, and others. Sales channel segment is divided into after sales market and OEM.
According to the regional analysis the market is divided into North America, Europe, APAC, and LAMEA. These regions play a key role in contributing the growth of the market.
The competitive analysis of market is bifurcated with some of the major players which includes Arkema, Calsonic Kansei Corporation, Chemours, Denso Corporation, DuPont, Hanon Systems, Honeywell International Inc, Keihin Corporation, Linde Gas, MAHLE GmBH, and others. These players adopt various development strategies for the growth of the market.
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