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R-124 Refrigerant-Global Market Insights and Sales Trends 2025
Synopsis
R-124 is used in refrigeration blends, primarily those used for R-12 type applications. Also used by itself to replace R-114. Available in 30 and 145 lb.
The global R-124 Refrigerant market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of R-124 Refrigerant in various end use industries. The expanding demands from the Household air conditioner, Automobile air-conditioning, Refrigeration Equipment and Other, are propelling R-124 Refrigerant market. OEM, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Aftermarket segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for R-124 Refrigerant market, driven by demand from China, the second largest economy with some signs of stabilising, the R-124 Refrigerant market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for R-124 Refrigerant, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global R-124 Refrigerant market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global R-124 Refrigerant market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, R-124 Refrigerant sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of R-124 Refrigerant covered in this report include Daikin, Chemours, Arkema, Dongyue Group, Zhejiang Juhua, Mexichem, Meilan Chemical, Sanmei and Sinochem Group, etc.
The global R-124 Refrigerant market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Daikin
Chemours
Arkema
Dongyue Group
Zhejiang Juhua
Mexichem
Meilan Chemical
Sanmei
Sinochem Group
Linde A.G.
Global R-124 Refrigerant market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global R-124 Refrigerant market, Segment by Type:
OEM
Aftermarket
Global R-124 Refrigerant market, by Application
Household air conditioner
Automobile air-conditioning
Refrigeration Equipment
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of R-124 Refrigerant manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of R-124 Refrigerant in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
R-124 is used in refrigeration blends, primarily those used for R-12 type applications. Also used by itself to replace R-114. Available in 30 and 145 lb.
The global R-124 Refrigerant market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of R-124 Refrigerant in various end use industries. The expanding demands from the Household air conditioner, Automobile air-conditioning, Refrigeration Equipment and Other, are propelling R-124 Refrigerant market. OEM, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Aftermarket segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for R-124 Refrigerant market, driven by demand from China, the second largest economy with some signs of stabilising, the R-124 Refrigerant market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for R-124 Refrigerant, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global R-124 Refrigerant market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global R-124 Refrigerant market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, R-124 Refrigerant sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of R-124 Refrigerant covered in this report include Daikin, Chemours, Arkema, Dongyue Group, Zhejiang Juhua, Mexichem, Meilan Chemical, Sanmei and Sinochem Group, etc.
The global R-124 Refrigerant market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Daikin
Chemours
Arkema
Dongyue Group
Zhejiang Juhua
Mexichem
Meilan Chemical
Sanmei
Sinochem Group
Linde A.G.
Global R-124 Refrigerant market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global R-124 Refrigerant market, Segment by Type:
OEM
Aftermarket
Global R-124 Refrigerant market, by Application
Household air conditioner
Automobile air-conditioning
Refrigeration Equipment
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of R-124 Refrigerant manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of R-124 Refrigerant in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 R-124 Refrigerant Market Overview
1.1 R-124 Refrigerant Product Overview
1.2 R-124 Refrigerant Market Segment by Type
1.2.1 OEM
1.2.2 Aftermarket
1.3 Global R-124 Refrigerant Market Size by Type
1.3.1 Global R-124 Refrigerant Market Size Overview by Type (2018-2029)
1.3.2 Global R-124 Refrigerant Historic Market Size Review by Type (2018-2023)
1.3.3 Global R-124 Refrigerant Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America R-124 Refrigerant Sales Breakdown by Type (2018-2023)
1.4.2 Europe R-124 Refrigerant Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific R-124 Refrigerant Sales Breakdown by Type (2018-2023)
1.4.4 Latin America R-124 Refrigerant Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa R-124 Refrigerant Sales Breakdown by Type (2018-2023)
2 Global R-124 Refrigerant Market Competition by Company
2.1 Global Top Players by R-124 Refrigerant Sales (2018-2023)
2.2 Global Top Players by R-124 Refrigerant Revenue (2018-2023)
2.3 Global Top Players by R-124 Refrigerant Price (2018-2023)
2.4 Global Top Manufacturers R-124 Refrigerant Manufacturing Base Distribution, Sales Area, Product Type
2.5 R-124 Refrigerant Market Competitive Situation and Trends
2.5.1 R-124 Refrigerant Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by R-124 Refrigerant Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in R-124 Refrigerant as of 2022)
2.7 Date of Key Manufacturers Enter into R-124 Refrigerant Market
2.8 Key Manufacturers R-124 Refrigerant Product Offered
2.9 Mergers & Acquisitions, Expansion
3 R-124 Refrigerant Status and Outlook by Region
3.1 Global R-124 Refrigerant Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global R-124 Refrigerant Historic Market Size by Region
3.2.1 Global R-124 Refrigerant Sales in Volume by Region (2018-2023)
3.2.2 Global R-124 Refrigerant Sales in Value by Region (2018-2023)
3.2.3 Global R-124 Refrigerant Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global R-124 Refrigerant Forecasted Market Size by Region
3.3.1 Global R-124 Refrigerant Sales in Volume by Region (2024-2029)
3.3.2 Global R-124 Refrigerant Sales in Value by Region (2024-2029)
3.3.3 Global R-124 Refrigerant Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global R-124 Refrigerant by Application
4.1 R-124 Refrigerant Market Segment by Application
4.1.1 Household air conditioner
4.1.2 Automobile air-conditioning
4.1.3 Refrigeration Equipment
4.1.4 Other
4.2 Global R-124 Refrigerant Market Size by Application
4.2.1 Global R-124 Refrigerant Market Size Overview by Application (2018-2029)
4.2.2 Global R-124 Refrigerant Historic Market Size Review by Application (2018-2023)
4.2.3 Global R-124 Refrigerant Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America R-124 Refrigerant Sales Breakdown by Application (2018-2023)
4.3.2 Europe R-124 Refrigerant Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific R-124 Refrigerant Sales Breakdown by Application (2018-2023)
4.3.4 Latin America R-124 Refrigerant Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa R-124 Refrigerant Sales Breakdown by Application (2018-2023)
5 North America R-124 Refrigerant by Country
5.1 North America R-124 Refrigerant Historic Market Size by Country
5.1.1 North America R-124 Refrigerant Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America R-124 Refrigerant Sales in Volume by Country (2018-2023)
5.1.3 North America R-124 Refrigerant Sales in Value by Country (2018-2023)
5.2 North America R-124 Refrigerant Forecasted Market Size by Country
5.2.1 North America R-124 Refrigerant Sales in Volume by Country (2024-2029)
5.2.2 North America R-124 Refrigerant Sales in Value by Country (2024-2029)
6 Europe R-124 Refrigerant by Country
6.1 Europe R-124 Refrigerant Historic Market Size by Country
6.1.1 Europe R-124 Refrigerant Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe R-124 Refrigerant Sales in Volume by Country (2018-2023)
6.1.3 Europe R-124 Refrigerant Sales in Value by Country (2018-2023)
6.2 Europe R-124 Refrigerant Forecasted Market Size by Country
6.2.1 Europe R-124 Refrigerant Sales in Volume by Country (2024-2029)
6.2.2 Europe R-124 Refrigerant Sales in Value by Country (2024-2029)
7 Asia-Pacific R-124 Refrigerant by Region
7.1 Asia-Pacific R-124 Refrigerant Historic Market Size by Region
7.1.1 Asia-Pacific R-124 Refrigerant Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific R-124 Refrigerant Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific R-124 Refrigerant Sales in Value by Region (2018-2023)
7.2 Asia-Pacific R-124 Refrigerant Forecasted Market Size by Region
7.2.1 Asia-Pacific R-124 Refrigerant Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific R-124 Refrigerant Sales in Value by Region (2024-2029)
8 Latin America R-124 Refrigerant by Country
8.1 Latin America R-124 Refrigerant Historic Market Size by Country
8.1.1 Latin America R-124 Refrigerant Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America R-124 Refrigerant Sales in Volume by Country (2018-2023)
8.1.3 Latin America R-124 Refrigerant Sales in Value by Country (2018-2023)
8.2 Latin America R-124 Refrigerant Forecasted Market Size by Country
8.2.1 Latin America R-124 Refrigerant Sales in Volume by Country (2024-2029)
8.2.2 Latin America R-124 Refrigerant Sales in Value by Country (2024-2029)
9 Middle East and Africa R-124 Refrigerant by Country
9.1 Middle East and Africa R-124 Refrigerant Historic Market Size by Country
9.1.1 Middle East and Africa R-124 Refrigerant Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa R-124 Refrigerant Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa R-124 Refrigerant Sales in Value by Country (2018-2023)
9.2 Middle East and Africa R-124 Refrigerant Forecasted Market Size by Country
9.2.1 Middle East and Africa R-124 Refrigerant Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa R-124 Refrigerant Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Daikin
10.1.1 Daikin Company Information
10.1.2 Daikin Introduction and Business Overview
10.1.3 Daikin R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Daikin R-124 Refrigerant Products Offered
10.1.5 Daikin Recent Development
10.2 Chemours
10.2.1 Chemours Company Information
10.2.2 Chemours Introduction and Business Overview
10.2.3 Chemours R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Chemours R-124 Refrigerant Products Offered
10.2.5 Chemours Recent Development
10.3 Arkema
10.3.1 Arkema Company Information
10.3.2 Arkema Introduction and Business Overview
10.3.3 Arkema R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Arkema R-124 Refrigerant Products Offered
10.3.5 Arkema Recent Development
10.4 Dongyue Group
10.4.1 Dongyue Group Company Information
10.4.2 Dongyue Group Introduction and Business Overview
10.4.3 Dongyue Group R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Dongyue Group R-124 Refrigerant Products Offered
10.4.5 Dongyue Group Recent Development
10.5 Zhejiang Juhua
10.5.1 Zhejiang Juhua Company Information
10.5.2 Zhejiang Juhua Introduction and Business Overview
10.5.3 Zhejiang Juhua R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Zhejiang Juhua R-124 Refrigerant Products Offered
10.5.5 Zhejiang Juhua Recent Development
10.6 Mexichem
10.6.1 Mexichem Company Information
10.6.2 Mexichem Introduction and Business Overview
10.6.3 Mexichem R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mexichem R-124 Refrigerant Products Offered
10.6.5 Mexichem Recent Development
10.7 Meilan Chemical
10.7.1 Meilan Chemical Company Information
10.7.2 Meilan Chemical Introduction and Business Overview
10.7.3 Meilan Chemical R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Meilan Chemical R-124 Refrigerant Products Offered
10.7.5 Meilan Chemical Recent Development
10.8 Sanmei
10.8.1 Sanmei Company Information
10.8.2 Sanmei Introduction and Business Overview
10.8.3 Sanmei R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Sanmei R-124 Refrigerant Products Offered
10.8.5 Sanmei Recent Development
10.9 Sinochem Group
10.9.1 Sinochem Group Company Information
10.9.2 Sinochem Group Introduction and Business Overview
10.9.3 Sinochem Group R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Sinochem Group R-124 Refrigerant Products Offered
10.9.5 Sinochem Group Recent Development
10.10 Linde A.G.
10.10.1 Linde A.G. Company Information
10.10.2 Linde A.G. Introduction and Business Overview
10.10.3 Linde A.G. R-124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Linde A.G. R-124 Refrigerant Products Offered
10.10.5 Linde A.G. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 R-124 Refrigerant Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 R-124 Refrigerant Industrial Chain Analysis
11.4 R-124 Refrigerant Market Dynamics
11.4.1 R-124 Refrigerant Industry Trends
11.4.2 R-124 Refrigerant Market Drivers
11.4.3 R-124 Refrigerant Market Challenges
11.4.4 R-124 Refrigerant Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 R-124 Refrigerant Distributors
12.3 R-124 Refrigerant Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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