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Several Refrigerant Gas Trends for 2024

Views: 0     Author: Site Editor     Publish Time: 2024-04-12      Origin: Site

Several Refrigerant Gas Trends for 2024

More and more new energy-efficient and environmentally friendly refrigerants are emerging, and these alternatives not only have a lower environmental impact, but also offer higher efficiency and performance.


  New energy-saving and environmentally friendly refrigerants include hydrofluoroolefins (HFOs) and hydrocarbon natural working refrigerants (HCs), which refer to refrigeration working fluids that do not contain freon, do not destroy the ozone layer, have a very low greenhouse effect, and can be compatible with commonly used refrigerant lubricants. In addition, the carbon dioxide refrigerant used for the first time in the Beijing Winter Olympics has excellent environmental protection and refrigeration performance, which can reduce the carbon footprint of commercial refrigeration systems to almost zero, and help China achieve the "double carbon" goal. It is expected that the continuous emergence of new refrigerants will promote the sustainable and healthy development of the refrigerant industry.


  Secondly, policy factors have also had a profound impact on the refrigerant market. For example, the 2024 HFC Quota Setting and Allocation Plan issued by the Ministry of Ecology and Environment (MEE) clarifies the total quota allocation plan for domestic HFCs production, import, and domestic production, as well as the quota allocation plan for enterprises. The implementation of this policy has made the domestic refrigerant supply face rigid constraints, and the disorderly competition in the industry is also expected to be improved. Under the strong expectation of the quota scheme, refrigerant prices have shown a clear recovery trend.


       According to the statistics released by Fluorine Online, as of the beginning of April, in the first quarter of this year, the average market price of refrigerant R22 increased by 27.71% and 12.16% year-on-year in 2022 and the same period in 2023, respectively, the average market price of refrigerant R32 increased by 56.15% and 64.03% year-on-year in 2022 and the same period in 2023, and the average market price of refrigerant R125 increased by 10.45% and 57.85% year-on-year in 2022 and the same period in 2023, respectively. The average market price of refrigerant R134a increased by 25.96% and 31.81% year-on-year in 2022 and 2023, respectively.


  In addition, changes in market demand are also driving the refrigerant market. With the development of the global economy and the improvement of residents' living standards, the refrigeration equipment market has shown a rapid growth trend. Specifically, in April this year, the total domestic household air conditioning production was 20.73 million units, of which 12.05 million units were scheduled for domestic sales, a year-on-year increase of 18.5%, and 8.68 million units were scheduled for exports, a year-on-year increase of 28.8%. 


      In general, the refrigerant market is undergoing profound changes and adjustments in 2024, showing a positive development trend in terms of technological progress, policy guidance and market demand. However, it is also important to note that the fierce and uncertain competition in the market, as well as the increasingly stringent environmental requirements, can have a profound impact on the refrigerant market. Therefore, relevant enterprises and institutions need to pay close attention to market dynamics, strengthen technology research and development and market expansion, and respond to future challenges and opportunities.

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