GREEN REFRIGERANTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Green Refrigerants Market, By Product Type (Hydrocarbons, Ammonia, Carbon dioxide, Water, Low-GWP Refrigerants, and Hydrofluoroolefins (HFOs)), By Application (Domestic Refrigeration, Commercial Refrigeration, Industrial Refrigeration, Stationary Air Conditioning, Mobile Air Conditioning, and Transportation Refrigeration), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)

Published In: 24 Mar, 2025
Code: CMI3266
Pages: 160
Formats: Excel and PDF
Industry: Consumer Goods
- Historical Range: 2020 - 2024
- Forecast Period: 2025 - 2032

Montreal protocol that was implemented by United Nations in 1987 with the aim to cut the consumption and production of synthetic refrigerants like Chlorofluorocarbons (CFCs) and Hydrochlorofluorocarbons (HCFCs) that caused depletion of the ozone layer, this leads to increasing demand for natural refrigerants in refrigeration industry. Moreover, in 1997 Kyoto protocol was globally established by United Nations to minimize the emissions of Hydrofluorocarbons (HFC) and other greenhouse gases. According to the United Nations Environment Programme (UNEP), the nations involved in the Montreal Protocol eradicated 98% of ozone depleting substances (ODS) by 2018 as compared to their levels in 1990.

Commercial refrigeration segment witnessed growth in Asia Pacific region in recent past years, owing to urbanization and technological advancements in refrigerant equipment industry. Hypermarket and supermarkets are now upgrading to CO₂ based transcritical system technology to limit their CO₂ emissions.

Leading companies are also switching to green refrigerants due to increased concerns regarding global warming. For instance, Chemours Company, a global leader in chemical manufacturing and distribution, inaugurated the world’s largest green refrigerant manufacturing factory in March 2019 in Texas, U.S. This factory will manufacture Opteon, a line of low-GWP refrigerant series, that is used in stationary air-conditioning and heat pumps.

Companies involved in refrigeration industry still faces difficulty in developing and choosing the right Low-GWP replacements for synthetic refrigerants, as it possess flammable and toxic properties, and thus, additional safety standards are needed.

Key features of the study:

This report provides in-depth analysis of global Green refrigerants market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global green refrigerants market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key Players in the global green refrigerants market include AGC Inc., Arkema SA, ASPEN Refrigerants Inc., Daikin Industries Ltd, Global Refrigerants, Harp International Ltd., Honeywell International Inc., The Linde Group, SRF Limited, Tazzetti S.p.A., and The Chemours Company.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
Global green refrigerants market report caters to various stakeholders in this industry including investors, suppliers, global green refrigerants manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global green refrigerants market

Detailed Segmentation:

Global Green Refrigerants Market, By Product Type:
- Hydrocarbons
- Ammonia
- Carbon dioxide
- Water
- Low-GWP Refrigerants
- Hydrofluoroolefins (HFOs)
Global Green Refrigerants Market, By Application:
- Domestic Refrigeration
- Commercial Refrigeration
- Industrial Refrigeration
- Stationary Air Conditioning
- Mobile Air Conditioning
- Transportation Refrigeration
Global Green Refrigerants Market, By Region:
- North America
  - U.S.
  - Canada
  - Mexico
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Rest of Asia Pacific
- Latin America
  - Brazil
  - Rest of Latin America
- Middle East & Africa
  - Saudi Arabia
  - Rest of Middle East & Africa
Company Profiles
- AGC Inc.*
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments
  - Future Plans
- Arkema SA
- ASPEN Refrigerants Inc.
- Daikin Industries Ltd
- Global Refrigerants
- Harp International Ltd
- Honeywell International Inc.
- The Linde Group
- SRF Limited
- Tazzetti S.p.A.
- The Chemours Company

“*” marked represents similar segmentation in other categories in the respective section.

Detailed Segmentation:

Global Green Refrigerants Market, By Product Type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

Global Green Refrigerants Market, By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Global Green Refrigerants Market, By Region:

North America

U.S.

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Canada

By Product Type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Mexico

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Europe

U.K.

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Germany

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

France

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Rest of Europe

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Asia Pacific

China

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

India

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Japan

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Rest of Asia Pacific

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Latin America

Brazil

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Rest of Latin America

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Middle East & Africa

Saudi Arabia

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

Rest of Middle East & Africa

By Product type:

Hydrocarbons
Ammonia
Carbon dioxide
Water
Low-GWP Refrigerants
Hydrofluoroolefins (HFOs)

By Application:

Domestic Refrigeration
Commercial Refrigeration
Industrial Refrigeration
Stationary Air Conditioning
Mobile Air Conditioning
Transportation Refrigeration

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Current Industry Events of 2025, and Its Impact on the Market
Market Size Estimation – Historical (2020–2024), Current (2025), and Forecast (2025–2032)
Regional Breakdown – North America, Europe, Asia Pacific, Middle East, Africa, and Latin America
Country-Level Analysis – Independent cross segmental analysis across 35 countries.
Competitive Landscape – Company market share analysis, product benchmarking, and detailed Company Profiles for more than 25+ players.
Customer Intelligence – Customers profiles of more than 50 Customers
Segmental Analysis – Market Size, Y-o-Y growth rate, Trends, and use-cases across more than 5 segments, and 25 sub-segments.
Pricing Analysis – Pricing Dashboard, by geographies and by Companies.
Sustainability & Innovation Strategies – Green trends and ESG practices
Key Market Drivers, Challenges & Future Trends – Impact analysis on growth
Customized Insights Section tailored to client-specific questions or industry focus.
Future Outlook – Forecast, future positioning of companies, and futuristic trends.

GREEN REFRIGERANTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Detailed Segmentation:

Global Green Refrigerants Market, By Product Type:

Global Green Refrigerants Market, By Application:

Global Green Refrigerants Market, By Region:

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