HFC Refrigerant Market Expected to Reach USD 560.02 Million By 2028
Market Overview: The global HFC refrigerant market, valued at USD 415.55 million in 2020, is anticipated to experience a 3.8% Compound Annual Growth Rate (CAGR) throughout the forecast period. Key drivers for this growth include the escalating utilization of HFC refrigerants, characterized by their low global warming potential, in products like air conditioners and refrigerators. The increasing demand for various refrigeration applications across industries also contributes to the market's revenue growth.