Top 15 Refrigerants Companies, Worldwide 2024” by MarketsandMarkets 360 Quadrant

Refrigerants play a vital role in maintaining temperature control across diverse sectors, encompassing everything from food storage to automotive cooling systems. The market for these essential substances is witnessing significant growth, fueled by various factors including rising demand for cooling solutions in residential and commercial sectors, stringent regulations aimed at reducing greenhouse gas emissions, and advancements in refrigeration and air conditioning technologies. As environmental sustainability becomes increasingly paramount and the phasing out of ozone-depleting substances progresses, there's a noticeable rise in demand for eco-friendly refrigerants such as hydrofluorocarbons (HFCs), hydrochlorofluorocarbons (HCFCs), and natural alternatives like ammonia and carbon dioxide. Moreover, the adoption of air conditioning and refrigeration systems in emerging economies, coupled with the advancement of energy-efficient cooling technologies, further propels market growth. With a global emphasis on energy efficiency and environmental conservation, the refrigerants market is poised for sustained expansion, driven by innovation and adherence to regulatory standards.

The 360 Quadrant maps the Refrigerants Companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Refrigerants’ quadrant. While the top criteria for product footprint evaluation included Type (HFC & Blends, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide), Application (Refrigeration System (Industrial, Commercial, Residential), Airconditioning system, Chillers, Mobile Airconditioning).

Access Research Report @ https://www.360quadrants.com/chemicals/refrigerants

Refrigerants Companies

Dongyue Group, AGC, Harp International, and Refrigerant Solutions – The Leaders Explained

Dongyue Group and AGC Recognized as Contenders Among the "Top 15 Refrigerants Companies, Worldwide 2024" by MarketsandMarkets 360 Quadrant

Dongyue Group and AGC have been recognized as formidable contenders among the "Top 15 Refrigerants Companies, Worldwide 2024," affirming their significant contributions to the refrigerants industry. As key players in the global market, both companies have demonstrated exceptional capabilities and innovative solutions.

Dongyue Group Refrigerants has emerged as one of the leading companies for environmentally friendly refrigerants, boasting a vast scale of operations. Its extensive range of refrigerant products includes R22, R32, R125, R134a, R152a, R142b, and Dongyue mixed refrigerants, with a collective capacity exceeding 500,000 tons. Positioned as a key entity within the Dongyue Group, Shandong Dongyue Refrigerants, has strategically prioritized the development and industrialization of eco-friendly refrigerants. In recent years, Dongyue has advanced its refrigerant technology, independently creating an additional range of energy-efficient and environmentally friendly refrigerants. Further, in alignment with international and national policy directives, the company actively promotes the phase-out of second-generation HCFCs and the reduction of third-generation HFCs, demonstrating its commitment to carbon peak and neutrality goals. With substantial technological expertise in fluorinated electronic special gases, Dongyue has developed a comprehensive portfolio including electronic grade R23, C318, R218, R125, R116, R41, medical grade R134a, and R152a, alongside key technologies for electronic grade tungsten hexafluoride, nitrogen trifluoride, and hexachlorobutadiene.

Another company, AGC Inc., formerly known as Asahi Glass, is a renowned Japanese multinational corporation specializing in glass manufacturing, chemicals, and high-tech materials. As one of the leaders in its field, AGC is recognized for its innovative solutions and high-quality products. One of its flagship offerings, AMOLEA 1224yd, is an ASHRAE A1 certified fourth-generation refrigerant, boasting non-flammability and minimal impact on ozone depletion, with a low Global Warming Potential (GWP) value under 1, making it an ideal alternative to HFCs. This refrigerant exhibits excellent chemical and thermal stability and is compatible with a wide range of metals, plastics, and elastomers, making it suitable for use in centrifugal chillers, Organic Rankine Cycle (ORC), and waste heat recovery heat pumps. Additionally, AGC's AMOLEA yd is another non-flammable refrigerant with nearly zero Ozone Depleting Potential (ODP), suitable for various applications including Centrifugal Chillers, Rankine Cycle Systems, Waste Heat Recovery Pumps, and Blowing Agents. In 2022, the company introduced a new composition of AMOLEA 1123 (HFO-1123) based refrigerant by collaborating with the University of Tokyo, aimed at providing a low-GWP refrigerant solution expected to set a new standard for air conditioners in the next generation.

As prominent figures in the refrigerants sector, both Dongyue Group and AGC distinguish themselves with their substantial market presence and dedication to pioneering solutions. Continuously refining their product offerings, these companies bolster their leadership positions within the industry. While ensuring competitiveness with their existing product lines and loyal customer bases, Dongyue Group and AGC remain committed to enhancing their capabilities and embracing forward-looking strategies to align with shifting market dynamics. Positioned for future growth, both companies actively propel advancements throughout their product portfolios, positioning themselves to fortify their market presence and seize emerging opportunities as the refrigerants sector progresses.

Harp International and Refrigerant Solutions Gained Recognition as Emerging Companies in the " Top 15 Refrigerants Companies, Worldwide 2024" by MarketsandMarkets 360 Quadrant.

Harp International specializes in providing a diverse range of specialty chemicals tailored for applications across various industries, including refrigeration, medical, footwear, polymer, polyethylene, air conditioning, aerosol, and foam blowing sectors. Renowned for its high-quality refrigerants, the company has established itself as a leader in both the United Kingdom and international markets. Harp International offers its own branded line of halocarbon refrigerants and flammable hydrocarbon refrigerants. Among its product offerings are 1234yf, HFO-1234ze, R123, R1270, R134a, and others. Notably, HARP automotive offers the Opteon R1234yf refrigerant, prized for its exceptional performance and remarkably low Global Warming Potential (GWP) of 4. This refrigerant not only meets the stringent requirements of automotive air conditioning systems but also aligns with the environmental standards outlined in the MAC Directive, making it the preferred choice for vehicle manufacturers across the European Union.

Another company, Refrigerant Solutions introduced the "RS" series of refrigerants as innovative, non-ozone-depleting alternatives to CFCs and HCFCs. Designed as drop-in replacements, these versatile refrigerants seamlessly integrate with existing traditional lubricants like mineral and alkylbenzene oils, ensuring a straightforward and cost-effective transition away from Ozone Depleting Substances (ODS). With a safety classification of A1 from ASHRAE, all "RS" series refrigerants are non-flammable and eco-friendly. This novel range provides a simple and economical solution for replacing CFCs, HCFCs (e.g., R22), and HFCs with higher Global Warming Potentials (e.g., R404A, R410A). The RS lineup, including RS-24 (R426A), RS-44 (R424A), RS-45 (R434A), RS-50 (R442A), RS-51 (R470B), RS-52 (R428A), RS-53 (R470A), and RS-70 (R453A), empowers users of Ozone Depleting Substances (ODS) to upgrade their systems to non-ozone-depleting replacements with minimal disruption and cost, while maintaining optimal performance across various refrigeration and air conditioning applications.

Harp International and Refrigerant Solutions stand out in the refrigerants sector due to their tailored approach, characterized by specialized expertise, responsive support, flexible terms, and competitive pricing. Acknowledging their strengths and areas for enhancement, both companies position themselves as the go-to partners for customized solutions, leveraging strategic methods to broaden their clientele and enhance sales initiatives. Their commitment to meeting individual needs and fostering ongoing expansion aligns seamlessly with the dynamic nature of the refrigerants industry, showcasing strategic foresight in pursuing their objectives.

Dongyue Group, AGC, Harp International, and Refrigerant Solutions rise as influential players in the refrigerants sector, renowned for their exceptional expertise that establishes them as leaders in the industry. Their dedication to innovation drives notable progress, delivering invaluable contributions to the sector. By harnessing state-of-the-art research and development, these companies spearhead global technological advancements in refrigerants, offering customized solutions to address diverse customer needs. The ascent of these esteemed industry leaders underscores the ongoing evolution in this dynamic and rapidly evolving field.

360 Quadrants Scoring Methodology

360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate Manufacturers. It identifies relevant evaluation criteria, collects, and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Manufacturers. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.

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