Report Highlights
The global market for refrigerants was valued at $25.9 billion in 2024 and is estimated to increase from $27.2 billion in 2025 to reach $36.7 billion by 2030, at a compound annual growth rate (CAGR) of 6.2% from 2025 through 2030.
Report Includes
- 204 data tables and 50 additional tables
- An overview of the global market for refrigerants
- In-depth analysis of global market trends, featuring historical revenue data for 2024, estimated figures for 2025, and forecasts for 2030. This analysis includes projections of compound annual growth rates (CAGRs) through 2030
- Evaluation of the current market size and revenue growth prospects specific to the refrigerants, accompanied by a market share analysis by region, type and application
- Analysis of current and future demand in the global refrigerants market, along with a detailed analysis of the competitive environment, market regulations and reimbursement practices
- Analysis of drivers, challenges and opportunities affecting market growth
- Discussion on preference of greener refrigerants such as ammonia, isobutene, propane and carbon dioxide, over fluorocarbon refrigerants due to high ozone-depleting potential (ODP) and global warming potential (GWP)
- Review of patent grants for innovations related to the refrigerant industry across major categories
- Coverage of evolving technologies, the current and future market potential, R&D activities, growth strategies, new product pipeline, regulatory framework and reimbursement scenarios, and ESG trends
- Market share analysis of the key market participants in the refrigerant market, along with their research priorities, product portfolios, global rankings and competitive landscape
- Company profiles of major players within the industry, including Daikin Industries Ltd., Linde plc., AGC Inc., The Chemours Co., Honeywell International Inc., Orbia, and Arkema
Report Scope
This report provides an analysis of market trends in the global refrigerant market. This report includes the refrigerant industry’s technological, economic and business evaluations and provides forecasts of global markets. The report discusses the market forces, the leading manufacturers and emerging opportunities. All market value estimates are based on an analysis of multiple factors and manufacturer revenues, offering insight into the refrigerant industry. The report segments the market by type, application and region:
- Type: synthetic (hydrofluoroolefins, hydrofluorocarbons, hydrochlorofluorocarbons and others) and natural (ammonia, CO₂, propane, isobutane and others).
- Application: air conditioning (AC) systems (split AC, window AC, variable refrigerant flow [VRF]), refrigeration systems (industrial, commercial [retail food, commercial properties, and other], domestic), mobile AC, chillers and others.
- Region: North America, Europe (including the Netherlands, Poland and Belgium), Asia-Pacific, South America, the Middle East and Africa (MEA).
The report analyzes the supply chain for the industry as well as the drivers and regional forces of the refrigerant market. This report includes forecasts for the market’s growth from 2025 to 2030. It includes profiles of leading manufacturers, ESG developments, the competitive landscape, and regulatory aspects, both international and regional.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2024 | ||||||||||||||||
| Forecast period considered | 2025-2030 | ||||||||||||||||
| Base year market size | $25.9 billion | ||||||||||||||||
| Market size forecast | $36.7 billion | ||||||||||||||||
| Growth rate | CAGR of 6.2% for the forecast period of 2025-2030 | ||||||||||||||||
| Units considered | $ Thousands | ||||||||||||||||
| Segments covered | Type, Application | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, U.K., Italy, France, Germany, Spain, Netherlands, Poland, Belgium, China, India, Japan, South Korea, Indonesia, Australia, New Zealand, Thailand, Brazil, Argentina | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Growing demand for refrigeration and air conditioning.
- Rise of refrigerants in automotive industry.
- Demand for refrigerants in the pharmaceutical industry.
- Toxicity and flammability issues
- Adoption of natural refrigerants.
- Expansion of refrigerants across niche businesses.
- Management and disposal of phase-out of harmful refrigerants.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global refrigerants market should reach $27.2 billion by 2025 from $20.5 billion in 2020 at a compound annual growth rate (CAGR) of 5.8% for the forecast period of 2020 to 2025.
Report Includes
- 136 data tables and 88 additional tables
- An overview of the global market for refrigerants
- Estimation of the market size and analyses of global market trends, with data from 2019, estimates for 2020 and projections of compound annual growth rates (CAGRs) through 2025
- Analysis of current and future market dynamics and identification of key drivers, restraints and opportunities
- Discussion on preference of greener refrigerants such as ammonia, isobutene, propane, and carbon dioxide, over fluorocarbons refrigerants due to high ozone depleting potential (ODP) and global warming potential (GWP)
- Impact analysis of COVID-19 pandemic on refrigerants market and highlights of the new products and technologies within the industry
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Comprehensive company profiles of major players of the industry, including AGC Inc., Daikin Industries Ltd., Honeywell International Inc., Navin Fluorine International Ltd., Shandong Yue’an Chemical Co., Ltd., SRF Ltd. and The Chemours Company
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