3G Refrigerants Supply and Demand for the Next Few Years

Refrigerants, also known as refrigerant gas, freon gas, are medium substances used to complete energy conversion in various heat engines. The

working principle is to use the phase change of the refrigerant to transfer heat, that is, the refrigerant absorbs heat when it vaporizes in the

evaporator and releases heat when it condenses in the condenser. At present, there are more than 80 kinds of substances that can be used as

refrigerants, the most commonly used are ammonia, freons, water and a few hydrocarbons.

Refrigerant downstream mainly includes household air conditioner, vehicle air conditioner and refrigerator freezer. In recent years, the

downstream industry has developed steadily. Among them, as the largest application field of refrigerants, the domestic air conditioner output has

shown an overall growth trend in recent years.

It was learned that Guohai Securities released a research report saying that the quota of second-generation refrigerants has been continuously

reduced, and the third-generation refrigerants have become the mainstream. At this stage, the third-generation refrigerant market is in an

unfavorable situation of oversupply. In the future, the market quota of the second-generation refrigerant will be reduced to 50% of the current

market share by 2025, giving up 87,000 tons of market share. The difference between supply and demand was 11.2/3.5/-3.0/-82,000 tons

respectively, entering a state of tight supply and demand.

FRIOFLOR Group Co.,Ltd., the company's main business is the research and development, production and sales of basic chemical raw materials,

food packaging materials, fluorine chemical raw materials and subsequent products. It has the industrial self-supporting system necessary for

fluorine chemical industry such as chlor-alkali chemical industry, sulfuric acid chemical industry, coal chemical industry, and basic fluorine

chemical industry, fine chemicals and other complete fluorine chemical industry chain, and involved in the petrochemical industry.

The company is the leading advanced manufacturing base of fluorine chemical and chlor-alkali chemical new materials in China. Its main

business is the research and development, production and sales of basic chemical raw materials, food packaging materials, fluorine chemical raw

materials and subsequent products. The company has an industrial self-supporting system necessary for fluorine chemical industry such as

chlor-alkali chemical industry, sulfuric acid chemical industry, coal chemical industry, and basic chemical industry, fluorine-containing fine

chemicals and other complete fluorine chemical industry chain, and involved in the petrochemical industry. Refrigerants are the company's

number one business.