India R-134a Refrigerant Market
Market Size, Share Global Outlook and Forecast 2024-2030
MARKET VALUE & GROWTH PROJECTIONS
Projected Value in 2030 : USD 192 million Market Value in 2024 : USD 158 million 01 02 03 CAGR 3.3%
KEY MARKET DRIVERS
Sustained demand in automotive and HVAC sectors
Growing aftermarket for refrigerant recharge and maintenance
Expansion of industrial and commercial refrigeration
Delayed transition to low-GWP
alternatives
By Type By Application
MARKET SEGMENTATION By
Region
• Tetrachlorethylene Process
• Trichlorethylene Process
• Automotive AirConditioning
• Commercial Refrigeration
• Domestic Refrigeration
• Others
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
REGIONAL MARKET ANALYSIS
North America
The R-134a refrigerant market in North America remains stable due to strong demand from the automotive AC sector and HVAC systems. Environmental regulations are gradually encouraging a shift toward low-GWP alternatives, though existing infrastructure sustains short-term growth. The aftermarket services segment also plays a crucial role in revenuegeneration.
Europe
Europe’sR-134arefrigerantmarketisexperiencing a steady decline, influenced by strict environmentalpoliciesandacceleratedadoptionof eco-friendlyalternatives.However,legacysystems in automotive and commercial refrigeration still contribute to residual demand. The market is highly regulated, with emphasis on reducing greenhousegasemissions.
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