Refrigerants Segmentation
The market is segmented on the basis of product type into fluorocarbons, inorganic, hydrocarbons and others. Among these segments, the fluorocarbons segment is estimated to hold the largest market share by the end of 2029. The growth of the segment can be attributed primarily to the wide application of hydrofluorocarbons in air conditioning applications, as well as for the environmentally friendly properties of these chemicals. Fluorocarbons, as compared to other refrigerant types, are less toxic and also are non-flammable. Moreover, these chemical compounds do not contribute to the depletion of ozone layers and is less harmful for the atmosphere.
Our in-depth analysis of the global market includes the following segments:
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of refrigerants is assessed at USD 28.03 billion.
Refrigerants Market size was over USD 26.29 billion in 2024 and is projected to reach USD 69.8 billion by 2037, growing at around 7.8% CAGR during the forecast period i.e., between 2025-2037.
North America industry is anticipated to hold largest revenue share by 2037, attributed to growing demand for cooling equipment to store packaged foods, as well as increasing availability of cold storage facilities in the region.
The major players in the market are DuPont de Nemours, Inc., Honeywell International Inc., Airgas, Inc., Arkema Group, Air Liquide advanced Technologies, Shandong Dongyue Chemical Co., and others.
