The global R-125 refrigerant market is anticipated to grow at a substantial CAGR of 1.8% during the forecast period (2022-2028). The factor behind its low CAGR is the growing awareness of environmental concerns. The refrigerants use chemicals thatpollute the environment, and one of the reasons behind ozone layer depletion. This depletion has been increasing the global temperature over the years, which has pushed governments to implement restrictionson its production. Governments across the globe, have been raising the standards of refrigerants over the years to lower the environmental damage which has been limiting the growth of R-125 refrigerants. However, market players are also approaching innovative ideas to make refrigerants much more environmentally friendly.
Browse the full report description of “Global R-125 Refrigerant Market Size, Share & Trends Analysis Report, by Type (HCFC-123, and HCFC-124), and by Application (Extinguishant, Air Conditioner, and Industrial Refrigeration) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/r-125-refrigerant-market-size
For instance, in January 2022, Honeywell announced an innovative, new low-global-warming-potential (GWP) refrigerant for commercial and industrial refrigeration that is optimized for supermarkets. The newest addition to Honeywell's proprietary low-GWP line of Solstice solutions for various applications, Solstice N71 (R-471A) is the supermarket industry's first non-flammable and energy-efficient solution with a GWP of less than 150.The Solstice N71 complies with new standards, including California and the European Union that restrict refrigerants with a GWP greater than 150 in new systems. The U.S. Environmental Protection Agency also considered a similar national regulation that may take effect in 2024. These restrictions follow guidelines recognized by the US Environmental Protection Agency's AIM Act, the California Air Resource Board (CARB), and the pre-established F-Gas regulation in the EU stemming from the Kigali Amendment to the Montreal Protocol to phase down hydrofluorocarbons.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Daikin Industries, Ltd., Honeywell International, Inc., Linde GmbH, Mexichem S.A.B. de C.V. (Orbia), The Chemours Company LLC, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global R-125 RefrigerantMarket Report Segment
By Type
• HCFC-123
• HCFC-124
By Application
• Extinguishant
• Air Conditioners
• Industrial Refrigeration
Global R-125 Refrigerant Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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