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Automotive Refrigerants: Worldwide Market Opportunities to 2022 with Arkema, DuPont, Honeywell International, Mexichem, The Linde Group, and Sinochem Group Dominating - ResearchAndMarkets.com

December 6, 2018

DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Global Automotive Refrigerant Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

One trend in the market is development of CO2 refrigerant for automotive HVAC systems. Automotive HVAC systems have become standard fitments in passenger cars, and commercial vehicles are also increasingly adopting such systems to provide driver comfort during long-distance travel. The global automotive refrigerant market has attracted the attention of regulators as refrigerants bear the brunt in terms of ozone layer depletion. The widely-used R-134a refrigerant has a GWP of 1,400, prompting automotive OEMs and HVAC suppliers to shift toward low-GWP refrigerants.

According to the report, one driver in the market is higher time-spend inside vehicles pushing demand for cabin comfort features. Long distance travel and rising traffic congestion are the crucial factors leading to increased time-spend inside vehicles. Automotive HVAC systems are standard fitments in passenger cars these days, while commercial vehicles are also increasingly using them. These systems are being adopted at a rapid pace in developing countries such as India, where overall climatic conditions are hot.

Further, the report states that one challenge in the market is high cost associated with redesigning automotive HVAC systems. HVAC systems are developed to cater to the need for reduced humidity, better ventilation, and controlled temperature. They are thus manufactured with increased features and functionalities, endowing them with quicker heating and cooling processes. Additionally, HVAC systems are designed to provide pollution-free air flow at preferred temperatures with lower energy consumption. The effective installation of these air conditioners also involves several alterations in the entire wiring system of automobiles.

The market appears to be fragmented and with the presence of several companies including The Linde Group and Sinochem Group, the competitive environment is quite intense. Factors such as the growing popularity of HVAC systems in commercial vehicles and development of CO2 refrigerant for automotive HVAC systems, will provide considerable growth opportunities to automotive refrigerant manufactures.

Key Vendors

Arkema DuPont Honeywell International Mexichem The Linde Group Sinochem Group

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Application

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/g3m8p5/automotive?w=4

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Related Topics:Refrigerants

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/06/2018 10:57 AM/DISC: 12/06/2018 10:57 AM

http://www.businesswire.com/news/home/20181206005626/en

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