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Refrigerant Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type- Product Image
Refrigerant Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type- Product Image
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Refrigerant Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type

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  • 149 Pages
  • April 2025
  • Region: Global
  • Prof Research
  • ID: 5551398
Description Jump to:
Refrigerants are substances used in cooling systems to absorb and release heat, vital for air conditioning, refrigeration, and industrial processes. The market is characterized by its diversity (HCFCs, HFCs, HFOs), regulatory evolution, and focus on energy efficiency. Key drivers include urbanization, food preservation needs, and environmental mandates, with trends shifting toward low-GWP (Global Warming Potential) refrigerants like HFOs and natural alternatives.

Market Size and Growth Forecast

The global Refrigerant market was valued at USD 7.3 billion to USD 9.8 billion in 2024, with an estimated CAGR of 6.0% to 8.0% from 2025 to 2030, driven by regulatory changes and cooling demand.

Regional Analysis

North America grows at 5.5-7.5%, with the USA leading due to regulatory transitions; trends focus on A2L adoption.
Europe achieves a growth rate of 6.0-8.0%, driven by Germany; trends emphasize low-GWP solutions.
Asia Pacific sees a growth rate of 6.5-8.5%, led by China and India; trends highlight urbanization-driven demand.
The Rest of the World records a growth rate of 5.0-7.0%, with Brazil emerging; trends focus on food processing needs.

Application Analysis

Home Air Conditioners and Heat Pumps expand at 6.5-8.5%; they cool residences, with trends favoring energy efficiency.
Appliances grow at 5.5-7.5%; they preserve food, with trends shifting to HFOs.
Automotive rises at 6.0-8.0%; it cools vehicles, with trends focusing on lightweight systems.
Food Processing expands at 5.5-7.5%; it ensures quality, with trends emphasizing cold chain growth.
Commercial Refrigeration grows at 6.0-8.0%; it supports retail, with trends favoring low-GWP refrigerants.
Industrial Refrigeration rises at 5.0-7.0%; it cools processes, with trends focusing on scalability.
Others expand at 5.0-7.0%; they include niche uses, with trends favoring sustainable options.

Type Analysis

HCFCs grow at 2.0-4.0%; they face phase-out, with trends shifting to replacements.
HFCs expand at 4.0-6.0%; they dominate legacy systems, with trends declining due to regulations.
HFOs rise at 8.0-10.0%; they offer low-GWP, with trends driving rapid adoption.

Key Market Players

Chemours, from Wilmington, USA, leads in fluorochemicals, offering refrigerants like HFOs for air conditioning.
Honeywell, based in Charlotte, USA, specializes in advanced refrigerants, crafting HFO blends for appliances.
Daikin, from Osaka, Japan, excels in cooling, producing refrigerants for automotive and commercial use.
Central Glass, headquartered in Tokyo, Japan, focuses on chemicals, offering refrigerants for industrial applications.
Arkema, from Colombes, France, provides specialty chemicals, crafting low-GWP refrigerants for food processing.
Foosung Co. Ltd., based in Seoul, South Korea, specializes in fluorochemicals, offering refrigerants for commercial use.
Koura, from San Luis Potosí, Mexico, focuses on fluorine products, producing refrigerants for diverse applications.

Porter’s Five Forces Analysis

  • The threat of new entrants is moderate; high R&D costs deter entry, but demand lowers barriers.
  • The threat of substitutes is high; natural refrigerants challenge synthetic options.
  • Buyer power is moderate; efficiency drives demand, though regulations influence choice.
  • Supplier power is moderate; specialized production creates dependency.
  • Competitive rivalry is high; firms innovate with low-GWP solutions.

Market Opportunities and Challenges

Opportunities

  • Regulatory shifts boost HFO adoption.
  • Urbanization drives cooling demand.
  • Food cold chain growth expands market scope.

Challenges

  • High costs of new refrigerants limit uptake.
  • Regulatory complexity varies by region.
  • Legacy system compatibility poses hurdles.
  • Merger and Acquisition News
  • A-Gas Expands Capabilities in Canada through Acquisition of Refrigerant Services Inc. (Date: September 2024): This enhances A-Gas’s refrigerant recycling for industrial use.
  • Hudson Technologies Acquires USA Refrigerants for $20.7M (Date: October 2024): This strengthens Hudson’s supply for commercial refrigeration.
  • The Arcticom Group Enters Major New Market with Acquisition of Midwest Refrigeration (Date: August 2024): This boosts Arcticom’s refrigerant solutions for food processing.

Growth Trend Analysis

The EPA’s 2025 A2L transition deadline reflects a trend toward low-GWP refrigerants, supporting a projected CAGR of 6.0-8.0% through 2030, driven by regulatory and cooling needs.

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Refrigerant Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Refrigerant Market in North America (2020-2030)
8.1 Refrigerant Market Size
8.2 Refrigerant Market by End Use
8.3 Competition by Players/Suppliers
8.4 Refrigerant Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Refrigerant Market in South America (2020-2030)
9.1 Refrigerant Market Size
9.2 Refrigerant Market by End Use
9.3 Competition by Players/Suppliers
9.4 Refrigerant Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Refrigerant Market in Asia & Pacific (2020-2030)
10.1 Refrigerant Market Size
10.2 Refrigerant Market by End Use
10.3 Competition by Players/Suppliers
10.4 Refrigerant Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southeast Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Refrigerant Market in Europe (2020-2030)
11.1 Refrigerant Market Size
11.2 Refrigerant Market by End Use
11.3 Competition by Players/Suppliers
11.4 Refrigerant Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Refrigerant Market in MEA (2020-2030)
12.1 Refrigerant Market Size
12.2 Refrigerant Market by End Use
12.3 Competition by Players/Suppliers
12.4 Refrigerant Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Refrigerant Market (2020-2025)
13.1 Refrigerant Market Size
13.2 Refrigerant Market by End Use
13.3 Competition by Players/Suppliers
13.4 Refrigerant Market Size by Type
Chapter 14 Global Refrigerant Market Forecast (2025-2030)
14.1 Refrigerant Market Size Forecast
14.2 Refrigerant Application Forecast
14.3 Competition by Players/Suppliers
14.4 Refrigerant Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 Chemours
15.1.1 Company Profile
15.1.2 Main Business and Refrigerant Information
15.1.3 SWOT Analysis of Chemours
15.1.4 Chemours Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.2 Honeywell
15.2.1 Company Profile
15.2.2 Main Business and Refrigerant Information
15.2.3 SWOT Analysis of Honeywell
15.2.4 Honeywell Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.3 Daikin
15.3.1 Company Profile
15.3.2 Main Business and Refrigerant Information
15.3.3 SWOT Analysis of Daikin
15.3.4 Daikin Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.4 Central Glass
15.4.1 Company Profile
15.4.2 Main Business and Refrigerant Information
15.4.3 SWOT Analysis of Central Glass
15.4.4 Central Glass Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.5 Arkema
15.5.1 Company Profile
15.5.2 Main Business and Refrigerant Information
15.5.3 SWOT Analysis of Arkema
15.5.4 Arkema Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.6 Foosung Co. Ltd.Koura
15.6.1 Company Profile
15.6.2 Main Business and Refrigerant Information
15.6.3 SWOT Analysis of Foosung Co. Ltd.Koura
15.6.4 Foosung Co. Ltd.Koura Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.7 AGC Chemicals
15.7.1 Company Profile
15.7.2 Main Business and Refrigerant Information
15.7.3 SWOT Analysis of AGC Chemicals
15.7.4 AGC Chemicals Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.8 Dongyue
15.8.1 Company Profile
15.8.2 Main Business and Refrigerant Information
15.8.3 SWOT Analysis of Dongyue
15.8.4 Dongyue Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.9 Juhua
15.9.1 Company Profile
15.9.2 Main Business and Refrigerant Information
15.9.3 SWOT Analysis of Juhua
15.9.4 Juhua Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.10 3F
15.10.1 Company Profile
15.10.2 Main Business and Refrigerant Information
15.10.3 SWOT Analysis of 3F
15.10.4 3F Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.11 Navin Fluorine International Limited
15.11.1 Company Profile
15.11.2 Main Business and Refrigerant Information
15.11.3 SWOT Analysis of Navin Fluorine International Limited
15.11.4 Navin Fluorine International Limited Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.12 Gujarat Fluorochemicals Limited
15.12.1 Company Profile
15.12.2 Main Business and Refrigerant Information
15.12.3 SWOT Analysis of Gujarat Fluorochemicals Limited
15.12.4 Gujarat Fluorochemicals Limited Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.13 (GFL)
15.13.1 Company Profile
15.13.2 Main Business and Refrigerant Information
15.13.3 SWOT Analysis of (GFL)
15.13.4 (GFL) Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.14 Meilan
15.14.1 Company Profile
15.14.2 Main Business and Refrigerant Information
15.14.3 SWOT Analysis of Meilan
15.14.4 Meilan Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.15 Limin
15.15.1 Company Profile
15.15.2 Main Business and Refrigerant Information
15.15.3 SWOT Analysis of Limin
15.15.4 Limin Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.16 Yonghe
15.16.1 Company Profile
15.16.2 Main Business and Refrigerant Information
15.16.3 SWOT Analysis of Yonghe
15.16.4 Yonghe Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.17 Sinochem Lantian
15.17.1 Company Profile
15.17.2 Main Business and Refrigerant Information
15.17.3 SWOT Analysis of Sinochem Lantian
15.17.4 Sinochem Lantian Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.18 Luxi
15.18.1 Company Profile
15.18.2 Main Business and Refrigerant Information
15.18.3 SWOT Analysis of Luxi
15.18.4 Luxi Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.19 Ruyuan East Sunshine Fluorine Co. Ltd
15.19.1 Company Profile
15.19.2 Main Business and Refrigerant Information
15.19.3 SWOT Analysis of Ruyuan East Sunshine Fluorine Co. Ltd
15.19.4 Ruyuan East Sunshine Fluorine Co. Ltd Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.20 Hua'an
15.20.1 Company Profile
15.20.2 Main Business and Refrigerant Information
15.20.3 SWOT Analysis of Hua'an
15.20.4 Hua'an Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.21 HaloPolymer
15.21.1 Company Profile
15.21.2 Main Business and Refrigerant Information
15.21.3 SWOT Analysis of HaloPolymer
15.21.4 HaloPolymer Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.22 Jiangxi Lee & Man
15.22.1 Company Profile
15.22.2 Main Business and Refrigerant Information
15.22.3 SWOT Analysis of Jiangxi Lee & Man
15.22.4 Jiangxi Lee & Man Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
15.23 SRF Limited
15.23.1 Company Profile
15.23.2 Main Business and Refrigerant Information
15.23.3 SWOT Analysis of SRF Limited
15.23.4 SRF Limited Refrigerant Revenue, Gross Margin and Market Share (2020-2025)
List of Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Refrigerant Report
Table Data Sources of Refrigerant Report
Table Major Assumptions of Refrigerant Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Refrigerant Picture
Table Refrigerant Classification
Table Refrigerant Applications
Table Drivers of Refrigerant Market
Table Restraints of Refrigerant Market
Table Opportunities of Refrigerant Market
Table Threats of Refrigerant Market
Table COVID-19 Impact For Refrigerant Market
Table Raw Materials Suppliers
Table Different Production Methods of Refrigerant
Table Cost Structure Analysis of Refrigerant
Table Key End Users
Table Latest News of Refrigerant Market
Table Merger and Acquisition
Table Planned/Future Project of Refrigerant Market
Table Policy of Refrigerant Market
Table 2020-2030 North America Refrigerant Market Size
Figure 2020-2030 North America Refrigerant Market Size and CAGR
Table 2020-2030 North America Refrigerant Market Size by Application
Table 2020-2025 North America Refrigerant Key Players Revenue
Table 2020-2025 North America Refrigerant Key Players Market Share
Table 2020-2030 North America Refrigerant Market Size by Type
Table 2020-2030 United States Refrigerant Market Size
Table 2020-2030 Canada Refrigerant Market Size
Table 2020-2030 Mexico Refrigerant Market Size
Table 2020-2030 South America Refrigerant Market Size
Figure 2020-2030 South America Refrigerant Market Size and CAGR
Table 2020-2030 South America Refrigerant Market Size by Application
Table 2020-2025 South America Refrigerant Key Players Revenue
Table 2020-2025 South America Refrigerant Key Players Market Share
Table 2020-2030 South America Refrigerant Market Size by Type
Table 2020-2030 Brazil Refrigerant Market Size
Table 2020-2030 Argentina Refrigerant Market Size
Table 2020-2030 Chile Refrigerant Market Size
Table 2020-2030 Peru Refrigerant Market Size
Table 2020-2030 Asia & Pacific Refrigerant Market Size
Figure 2020-2030 Asia & Pacific Refrigerant Market Size and CAGR
Table 2020-2030 Asia & Pacific Refrigerant Market Size by Application
Table 2020-2025 Asia & Pacific Refrigerant Key Players Revenue
Table 2020-2025 Asia & Pacific Refrigerant Key Players Market Share
Table 2020-2030 Asia & Pacific Refrigerant Market Size by Type
Table 2020-2030 China Refrigerant Market Size
Table 2020-2030 India Refrigerant Market Size
Table 2020-2030 Japan Refrigerant Market Size
Table 2020-2030 South Korea Refrigerant Market Size
Table 2020-2030 Southeast Asia Refrigerant Market Size
Table 2020-2030 Australia Refrigerant Market Size
Table 2020-2030 Europe Refrigerant Market Size
Figure 2020-2030 Europe Refrigerant Market Size and CAGR
Table 2020-2030 Europe Refrigerant Market Size by Application
Table 2020-2025 Europe Refrigerant Key Players Revenue
Table 2020-2025 Europe Refrigerant Key Players Market Share
Table 2020-2030 Europe Refrigerant Market Size by Type
Table 2020-2030 Germany Refrigerant Market Size
Table 2020-2030 France Refrigerant Market Size
Table 2020-2030 United Kingdom Refrigerant Market Size
Table 2020-2030 Italy Refrigerant Market Size
Table 2020-2030 Spain Refrigerant Market Size
Table 2020-2030 Belgium Refrigerant Market Size
Table 2020-2030 Netherlands Refrigerant Market Size
Table 2020-2030 Austria Refrigerant Market Size
Table 2020-2030 Poland Refrigerant Market Size
Table 2020-2030 Russia Refrigerant Market Size
Table 2020-2030 MEA Refrigerant Market Size
Figure 2020-2030 MEA Refrigerant Market Size and CAGR
Table 2020-2030 MEA Refrigerant Market Size by Application
Table 2020-2025 MEA Refrigerant Key Players Revenue
Table 2020-2025 MEA Refrigerant Key Players Market Share
Table 2020-2030 MEA Refrigerant Market Size by Type
Table 2020-2030 Egypt Refrigerant Market Size
Table 2020-2030 Israel Refrigerant Market Size
Table 2020-2030 South Africa Refrigerant Market Size
Table 2020-2030 Gulf Cooperation Council Countries Refrigerant Market Size
Table 2020-2030 Turkey Refrigerant Market Size
Table 2020-2025 Global Refrigerant Market Size by Region
Table 2020-2025 Global Refrigerant Market Size Share by Region
Table 2020-2025 Global Refrigerant Market Size by Application
Table 2020-2025 Global Refrigerant Market Share by Application
Table 2020-2025 Global Refrigerant Key Vendors Revenue
Figure 2020-2025 Global Refrigerant Market Size and Growth Rate
Table 2020-2025 Global Refrigerant Key Vendors Market Share
Table 2020-2025 Global Refrigerant Market Size by Type
Table 2020-2025 Global Refrigerant Market Share by Type
Table 2025-2030 Global Refrigerant Market Size by Region
Table 2025-2030 Global Refrigerant Market Size Share by Region
Table 2025-2030 Global Refrigerant Market Size by Application
Table 2025-2030 Global Refrigerant Market Share by Application
Table 2025-2030 Global Refrigerant Key Vendors Revenue
Figure 2025-2030 Global Refrigerant Market Size and Growth Rate
Table 2025-2030 Global Refrigerant Key Vendors Market Share
Table 2025-2030 Global Refrigerant Market Size by Type
Table 2025-2030 Refrigerant Global Market Share by Type

Companies Mentioned

  • Chemours
  • Honeywell
  • Daikin
  • Central Glass
  • Arkema
  • Foosung Co. Ltd.Koura
  • AGC Chemicals
  • Dongyue
  • Juhua
  • 3F
  • Navin Fluorine International Limited
  • Gujarat Fluorochemicals Limited
(GFL)
  • Meilan
  • Limin
  • Yonghe
  • Sinochem Lantian
  • Luxi
  • Ruyuan East Sunshine Fluorine Co. Ltd
  • Hua'an
  • HaloPolymer
  • Jiangxi Lee & Man
  • SRF Limited

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