HYDRO CHLOROFLUOROCARBON MARKET ANALYSIS

Market News

Key Development

Several key players in the market are focused on developing growth strategies such as mergers acquisition and new product launches in order to expand their global presence.

• For instance, in November 2017, SRF Limited, a chemical manufacturer based in India, acquired hydrofluorocarbon refrigerant 125 from Mexichem, which is involved in a several industries including chemicals, data communications, building and infrastructure, irrigation and others. This acquisition strengthen the company’s position in refrigerant market.
• In August 2017, Hudson Technologies, Inc., provider of solutions for commercial and industrial chiller plants and refrigeration systems, acquired Airgas Refrigerants, Inc., a supplier of industrial gases. The acquisition will provide greater HFC distribution and enhances their customer base.
• In April 2017, Berg Chilling Systems, provider of industrial chilling, pumping and freezing equipment acquired Industrial Refrigerated Systems Ltd., to offer a comprehensive range of industrial refrigeration services that includes HFC-based and ammonia based solutions.