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R124 Refrigerant-Global Market Insights and Sales Trends 2025
Synopsis
Freon™ 124 (R-124) refrigerant is a hydrochlorofluorocarbon (HCFC) retrofit replacement for R-114 used in centrifugal chillers and high-ambient cooling applications, including overhead cranes.
The global R124 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 R124 Refrigerant in various end use industries. The expanding demands from the Cooling Agent, Foam Blowing Agent and Other, are propelling R124 Refrigerant market. Packing: Disposable Steel Cylinders, 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 Packing: Refillsble Steel Cylinders segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for R124 Refrigerant market, driven by demand from China, the second largest economy with some signs of stabilising, the R124 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 R124 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 R124 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 R124 Refrigerant market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, R124 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 R124 Refrigerant covered in this report include DuPont, Honeywell International Inc, Zhejiang Yonghe Refrigerant Co., Ltd. and Refrigerant Solutions Inc., etc.
The global R124 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:
DuPont
Honeywell International Inc
Zhejiang Yonghe Refrigerant Co., Ltd.
Refrigerant Solutions Inc.
Global R124 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 R124 Refrigerant market, Segment by Type:
Packing: Disposable Steel Cylinders
Packing: Refillsble Steel Cylinders
Global R124 Refrigerant market, by Application
Cooling Agent
Foam Blowing Agent
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 R124 Refrigerant manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of R124 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.
Freon™ 124 (R-124) refrigerant is a hydrochlorofluorocarbon (HCFC) retrofit replacement for R-114 used in centrifugal chillers and high-ambient cooling applications, including overhead cranes.
The global R124 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 R124 Refrigerant in various end use industries. The expanding demands from the Cooling Agent, Foam Blowing Agent and Other, are propelling R124 Refrigerant market. Packing: Disposable Steel Cylinders, 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 Packing: Refillsble Steel Cylinders segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for R124 Refrigerant market, driven by demand from China, the second largest economy with some signs of stabilising, the R124 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 R124 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 R124 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 R124 Refrigerant market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, R124 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 R124 Refrigerant covered in this report include DuPont, Honeywell International Inc, Zhejiang Yonghe Refrigerant Co., Ltd. and Refrigerant Solutions Inc., etc.
The global R124 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:
DuPont
Honeywell International Inc
Zhejiang Yonghe Refrigerant Co., Ltd.
Refrigerant Solutions Inc.
Global R124 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 R124 Refrigerant market, Segment by Type:
Packing: Disposable Steel Cylinders
Packing: Refillsble Steel Cylinders
Global R124 Refrigerant market, by Application
Cooling Agent
Foam Blowing Agent
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 R124 Refrigerant manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of R124 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 R124 Refrigerant Market Overview
1.1 R124 Refrigerant Product Overview
1.2 R124 Refrigerant Market Segment by Type
1.2.1 Packing: Disposable Steel Cylinders
1.2.2 Packing: Refillsble Steel Cylinders
1.3 Global R124 Refrigerant Market Size by Type
1.3.1 Global R124 Refrigerant Market Size Overview by Type (2018-2029)
1.3.2 Global R124 Refrigerant Historic Market Size Review by Type (2018-2023)
1.3.3 Global R124 Refrigerant Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America R124 Refrigerant Sales Breakdown by Type (2018-2023)
1.4.2 Europe R124 Refrigerant Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific R124 Refrigerant Sales Breakdown by Type (2018-2023)
1.4.4 Latin America R124 Refrigerant Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa R124 Refrigerant Sales Breakdown by Type (2018-2023)
2 Global R124 Refrigerant Market Competition by Company
2.1 Global Top Players by R124 Refrigerant Sales (2018-2023)
2.2 Global Top Players by R124 Refrigerant Revenue (2018-2023)
2.3 Global Top Players by R124 Refrigerant Price (2018-2023)
2.4 Global Top Manufacturers R124 Refrigerant Manufacturing Base Distribution, Sales Area, Product Type
2.5 R124 Refrigerant Market Competitive Situation and Trends
2.5.1 R124 Refrigerant Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by R124 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 R124 Refrigerant as of 2022)
2.7 Date of Key Manufacturers Enter into R124 Refrigerant Market
2.8 Key Manufacturers R124 Refrigerant Product Offered
2.9 Mergers & Acquisitions, Expansion
3 R124 Refrigerant Status and Outlook by Region
3.1 Global R124 Refrigerant Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global R124 Refrigerant Historic Market Size by Region
3.2.1 Global R124 Refrigerant Sales in Volume by Region (2018-2023)
3.2.2 Global R124 Refrigerant Sales in Value by Region (2018-2023)
3.2.3 Global R124 Refrigerant Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global R124 Refrigerant Forecasted Market Size by Region
3.3.1 Global R124 Refrigerant Sales in Volume by Region (2024-2029)
3.3.2 Global R124 Refrigerant Sales in Value by Region (2024-2029)
3.3.3 Global R124 Refrigerant Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global R124 Refrigerant by Application
4.1 R124 Refrigerant Market Segment by Application
4.1.1 Cooling Agent
4.1.2 Foam Blowing Agent
4.1.3 Other
4.2 Global R124 Refrigerant Market Size by Application
4.2.1 Global R124 Refrigerant Market Size Overview by Application (2018-2029)
4.2.2 Global R124 Refrigerant Historic Market Size Review by Application (2018-2023)
4.2.3 Global R124 Refrigerant Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America R124 Refrigerant Sales Breakdown by Application (2018-2023)
4.3.2 Europe R124 Refrigerant Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific R124 Refrigerant Sales Breakdown by Application (2018-2023)
4.3.4 Latin America R124 Refrigerant Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa R124 Refrigerant Sales Breakdown by Application (2018-2023)
5 North America R124 Refrigerant by Country
5.1 North America R124 Refrigerant Historic Market Size by Country
5.1.1 North America R124 Refrigerant Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America R124 Refrigerant Sales in Volume by Country (2018-2023)
5.1.3 North America R124 Refrigerant Sales in Value by Country (2018-2023)
5.2 North America R124 Refrigerant Forecasted Market Size by Country
5.2.1 North America R124 Refrigerant Sales in Volume by Country (2024-2029)
5.2.2 North America R124 Refrigerant Sales in Value by Country (2024-2029)
6 Europe R124 Refrigerant by Country
6.1 Europe R124 Refrigerant Historic Market Size by Country
6.1.1 Europe R124 Refrigerant Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe R124 Refrigerant Sales in Volume by Country (2018-2023)
6.1.3 Europe R124 Refrigerant Sales in Value by Country (2018-2023)
6.2 Europe R124 Refrigerant Forecasted Market Size by Country
6.2.1 Europe R124 Refrigerant Sales in Volume by Country (2024-2029)
6.2.2 Europe R124 Refrigerant Sales in Value by Country (2024-2029)
7 Asia-Pacific R124 Refrigerant by Region
7.1 Asia-Pacific R124 Refrigerant Historic Market Size by Region
7.1.1 Asia-Pacific R124 Refrigerant Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific R124 Refrigerant Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific R124 Refrigerant Sales in Value by Region (2018-2023)
7.2 Asia-Pacific R124 Refrigerant Forecasted Market Size by Region
7.2.1 Asia-Pacific R124 Refrigerant Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific R124 Refrigerant Sales in Value by Region (2024-2029)
8 Latin America R124 Refrigerant by Country
8.1 Latin America R124 Refrigerant Historic Market Size by Country
8.1.1 Latin America R124 Refrigerant Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America R124 Refrigerant Sales in Volume by Country (2018-2023)
8.1.3 Latin America R124 Refrigerant Sales in Value by Country (2018-2023)
8.2 Latin America R124 Refrigerant Forecasted Market Size by Country
8.2.1 Latin America R124 Refrigerant Sales in Volume by Country (2024-2029)
8.2.2 Latin America R124 Refrigerant Sales in Value by Country (2024-2029)
9 Middle East and Africa R124 Refrigerant by Country
9.1 Middle East and Africa R124 Refrigerant Historic Market Size by Country
9.1.1 Middle East and Africa R124 Refrigerant Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa R124 Refrigerant Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa R124 Refrigerant Sales in Value by Country (2018-2023)
9.2 Middle East and Africa R124 Refrigerant Forecasted Market Size by Country
9.2.1 Middle East and Africa R124 Refrigerant Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa R124 Refrigerant Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 DuPont
10.1.1 DuPont Company Information
10.1.2 DuPont Introduction and Business Overview
10.1.3 DuPont R124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.1.4 DuPont R124 Refrigerant Products Offered
10.1.5 DuPont Recent Development
10.2 Honeywell International Inc
10.2.1 Honeywell International Inc Company Information
10.2.2 Honeywell International Inc Introduction and Business Overview
10.2.3 Honeywell International Inc R124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Honeywell International Inc R124 Refrigerant Products Offered
10.2.5 Honeywell International Inc Recent Development
10.3 Zhejiang Yonghe Refrigerant Co., Ltd.
10.3.1 Zhejiang Yonghe Refrigerant Co., Ltd. Company Information
10.3.2 Zhejiang Yonghe Refrigerant Co., Ltd. Introduction and Business Overview
10.3.3 Zhejiang Yonghe Refrigerant Co., Ltd. R124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Zhejiang Yonghe Refrigerant Co., Ltd. R124 Refrigerant Products Offered
10.3.5 Zhejiang Yonghe Refrigerant Co., Ltd. Recent Development
10.4 Refrigerant Solutions Inc.
10.4.1 Refrigerant Solutions Inc. Company Information
10.4.2 Refrigerant Solutions Inc. Introduction and Business Overview
10.4.3 Refrigerant Solutions Inc. R124 Refrigerant Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Refrigerant Solutions Inc. R124 Refrigerant Products Offered
10.4.5 Refrigerant Solutions Inc. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 R124 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 R124 Refrigerant Industrial Chain Analysis
11.4 R124 Refrigerant Market Dynamics
11.4.1 R124 Refrigerant Industry Trends
11.4.2 R124 Refrigerant Market Drivers
11.4.3 R124 Refrigerant Market Challenges
11.4.4 R124 Refrigerant Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 R124 Refrigerant Distributors
12.3 R124 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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