Product Code: GVR-2-68038-297-6
Refrigerant Market Summary
The global refrigerant market size was estimated at USD 15.62 billion in 2025 and is projected to reach USD 22.60 million by 2033, growing at a CAGR of 4.7% from 2026 to 2033. Growth is driven by rising demand from the commercial refrigeration industry and industrial refrigeration industry, supported by expanding cold storage and logistics, including the road transport refrigeration equipment market.
The increasing adoption of monitoring solutions in the refrigeration monitoring market and the storage refrigeration monitoring market, along with advancements in the commercial refrigeration compressor market, are further supporting growth. Meanwhile, the shift toward eco-friendly technologies is creating opportunities in emerging segments, such as the magnetic refrigeration industry.
Global Refrigerant Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2030. For this study, Grand View Research has segmented the global refrigerant market report based on product, application, and region:
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Fluorocarbon
- Hydrocarbon
- Inorganic
- Other Products
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Industrial Refrigeration
- Domestic Refrigeration
- Transport Refrigeration
- Commercial Refrigeration
- Stationary Air Conditioning, Heat Pumps, Chillers
- Mobile Air Conditioner
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Refrigerant Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Refrigerant Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing or Technology Outlook
- 3.3. Price Trend Analysis, 2021 - 2033
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Refrigerant Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2025 & 2033
- 4.2. Refrigerant Market Estimates & Forecast, By Product, 2021 to 2030 (Kilotons) (USD Million)
- 4.3. Fluorocarbon
- 4.3.1. Fluorocarbon Refrigerant Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.4. Hydrocarbon
- 4.4.1. Hydrocarbon Refrigerant Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.5. Inorganic
- 4.5.1. Inorganic Refrigerant Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
- 4.6. Others Product
- 4.6.1. Other Refrigerants Market Estimates and Forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 5. Refrigerant Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2025 & 2033
- 5.2. Refrigerant Market Estimates & Forecast, By Application, 2021 to 2030 (Kilotons) (USD Million)
- 5.3. Industrial Refrigeration
- 5.3.1. Refrigerant Market Estimates and Forecasts, by Industrial Refrigeration, 2021 - 2033 (Kilotons) (USD Million)
- 5.4. Domestic Refrigeration
- 5.4.1. Refrigerant Market Estimates and Forecasts, by Domestic Refrigeration, 2021 - 2033 (Kilotons) (USD Million)
- 5.5. Transport Refrigeration
- 5.5.1. Refrigerant Market Estimates and Forecasts, by Transport Refrigeration, 2021 - 2033 (Kilotons) (USD Million)
- 5.6. Commercial Refrigeration
- 5.6.1. Refrigerant Market Estimates and Forecasts, by Commercial Refrigeration, 2021 - 2033 (Kilotons) (USD Million)
- 5.7. Stationary Air Conditioning, Heat Pumps, Chillers
- 5.7.1. Refrigerant Market Estimates and Forecasts, by Stationary Air Conditioning, Heat Pumps, Chillers, 2021 - 2033 (Kilotons) (USD Million)
- 5.8. Mobile Air Conditioner
- 5.8.1. Refrigerant Market Estimates and Forecasts, by Mobile Air Conditioner, 2021 - 2033 (Kilotons) (USD Million)
Chapter 6. Refrigerant Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2025 & 2033
- 6.2. North America
- 6.2.1. North America Refrigerant Estimates & Forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Key country dynamics
- 6.2.2.2. U.S. Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Key country dynamics
- 6.2.3.2. Canada Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Key country dynamics
- 6.2.4.2. Mexico Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Europe Refrigerant Estimates & Forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Key country dynamics
- 6.3.2.2. Germany Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.3. UK
- 6.3.3.1. Key country dynamics
- 6.3.3.2. UK Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.4. France
- 6.3.4.1. Key country dynamics
- 6.3.4.2. France Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Refrigerant Estimates & Forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.2. China
- 6.4.2.1. Key country dynamics
- 6.4.2.2. China Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.3. India
- 6.4.3.1. Key country dynamics
- 6.4.3.2. India Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Japan Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Refrigerant Market Estimates & Forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Key country dynamics
- 6.5.2.2. Brazil Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middles East & Africa Refrigerant Market Estimates & Forecast, 2021 - 2033 (Kilotons) (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Key country dynamics
- 6.6.2.2. Saudi Arabia Refrigerant Market estimates & forecast, 2021 - 2033 (Kilotons) (USD Million)
Chapter 7. Refrigerant Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share/Position Analysis, 2025
- 7.4. Company Heat Map Analysis
- 7.5. Regional Market Analysis
- 7.6. Strategy Mapping
- 7.7. Company Profiles
- 7.7.1. Honeywell Industries Inc.
- 7.7.1.1. Participant's overview
- 7.7.1.2. Financial performance
- 7.7.1.3. Product benchmarking
- 7.7.1.4. Recent developments
- 7.7.2. Daikin Industries Ltd.
- 7.7.2.1. Participant's overview
- 7.7.2.2. Financial performance
- 7.7.2.3. Product benchmarking
- 7.7.2.4. Recent developments
- 7.7.3. Arkema S A
- 7.7.3.1. Participant's overview
- 7.7.3.2. Financial performance
- 7.7.3.3. Product benchmarking
- 7.7.3.4. Recent developments
- 7.7.4. Dongyue Group
- 7.7.4.1. Participant's overview
- 7.7.4.2. Financial performance
- 7.7.4.3. Product benchmarking
- 7.7.4.4. Recent developments
- 7.7.5. The Chemours Company
- 7.7.5.1. Participant's overview
- 7.7.5.2. Financial performance
- 7.7.5.3. Product benchmarking
- 7.7.5.4. Recent developments
- 7.7.6. Mexichem SAB de CV
- 7.7.6.1. Participant's overview
- 7.7.6.2. Financial performance
- 7.7.6.3. Product benchmarking
- 7.7.6.4. Recent developments
- 7.7.7. Sinochem Group
- 7.7.7.1. Participant's overview
- 7.7.7.2. Financial performance
- 7.7.7.3. Product benchmarking
- 7.7.7.4. Recent developments
- 7.7.8. Linde Group
- 7.7.8.1. Participant's overview
- 7.7.8.2. Financial performance
- 7.7.8.3. Product benchmarking
- 7.7.8.4. Recent developments
- 7.7.9. Air Liquide
- 7.7.9.1. Participant's overview
- 7.7.9.2. Financial performance
- 7.7.9.3. Product benchmarking
- 7.7.9.4. Recent developments
- 7.7.10. SRF Limited
- 7.7.10.1. Participant's overview
- 7.7.10.2. Financial performance
- 7.7.10.3. Product benchmarking
- 7.7.10.4. Recent developments
- 7.7.11. Gujarat Fluorochemicals Limited
- 7.7.11.1. Participant's overview
- 7.7.11.2. Financial performance
- 7.7.11.3. Product benchmarking
- 7.7.11.4. Recent developments
- 7.7.12. Asahi Glass Co., Ltd. (AGC)
- 7.7.12.1. Participant's overview
- 7.7.12.2. Financial performance
- 7.7.12.3. Product benchmarking
- 7.7.12.4. Recent developments