Global R-123 Refrigerant market cagr 8.0%

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R-123 Refrigerant Market

R-123 Refrigerant Market Scope: Industry Analysis,

Market Size, Growth, Trends Till 2031

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R-123 Refrigerant Market Size and Growth

The R-123 refrigerant market is experiencing growth driven by demand in HVAC applications and industrial refrigeration. Current market size is estimated to be approximately $300 million, with a projected CAGR of 4% over the next five years. Increasing regulatory pressures for low-GWP alternatives may influence future developments in the sector.

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Companies Covered

(Covid 19 Impact Covered)

◍ Daikin

◍ Chemours

◍ Arkema

◍ DongyueGroup

◍ ZhejiangJuhua

◍ Mexichem

◍ MeilanChemical

◍ Sanmei

◍ SinochemGroup

◍ LindeA.G.

The R-123 refrigerant market features key players like Daikin, Chemours, Arkema, and Dongyue Group, focusing on eco-friendly innovations and extensive applications in HVAC systems. Their combined efforts in sustainability and technological advancements drive market growth. Sales figures for select companies indicate robust revenue, enhancing competitive positioning.

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Market Segmentation

By Application

◍ Householdairconditioner

◍ Automobileair-conditioning

◍ RefrigerationEquipment ◍ Other

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By Product

OEM

Aftermarket

Market Growth

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$ X Billion USD

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