PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625420
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625420
The global refrigerant market size is expected to reach USD 23.22 billion by 2034, according to a new study by Polaris Market Research. The report "Refrigerant Market Size, Share, Trends, Industry Analysis Report: By Type (Fluorocarbons, Hydrocarbons, and Inorganic Refrigerants), Application (Air Conditioning, Refrigeration, and Others), End User (Industrial, Commercial, and Domestic), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The refrigerant market growth is driven by increasing demand for energy-efficient and environmentally friendly cooling solutions across various industries, including air conditioning, refrigeration, and industrial cooling. A few key drivers are stringent environmental regulations that are pushing for the phase-out of high-GWP refrigerants and rising global temperatures, which increase the need for cooling systems.
The growing adoption of low-GWP refrigerants, including natural refrigerants such as CO2 and ammonia, that align with sustainability goals would offer growth opportunities for the market in the coming years. Additionally, the rapid urbanization and industrialization in emerging markets, especially in Asia Pacific, present strong growth prospects.
Based on type, the fluorocarbons segment dominates the refrigerant market share due to their wide application in air conditioning and refrigeration systems. However, the hydrocarbons and inorganic refrigerants segments are rapidly gaining traction due to their lower environmental impact and alignment with regulatory standards.
The air conditioning segment, by application, holds the largest market share, driven by rising demand in residential and commercial cooling systems. However, the refrigeration sector is witnessing the highest growth, particularly in industrial refrigeration applications due to increased food processing and pharmaceutical storage needs.
In terms of end user, the industrial segment leads the market, driven by heavy demand for refrigeration in manufacturing and chemical processes. The commercial sector is seeing the highest growth due to an increased adoption of refrigeration and air conditioning in the retail, hospitality, and healthcare sectors.
Asia Pacific dominates the refrigerant market due to rapid industrialization and urbanization, particularly in China and India. The increasing demand for cooling systems driven by rising temperatures and growing middle-class populations in emerging economies drive the regional market growths.
Polaris Market Research has segmented the refrigerant market report on the basis of type, application, end user, and region:
Table 1 Global Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 2 Global Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 3 Global Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 4 North America: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 5 North America: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 6 North America: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 7 U.S.: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 8 U.S.: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 9 U.S.: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 10 Canada: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 11 Canada: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 12 Canada: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 13 Europe: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 14 Europe: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 15 Europe: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 16 UK: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 17 UK: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 18 UK: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 19 France: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 20 France: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 21 France: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 22 Germany: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 23 Germany: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 24 Germany: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 25 Italy: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 26 Italy: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 27 Italy: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 28 Spain: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 29 Spain: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 30 Spain: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 31 Netherlands: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 32 Netherlands: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 33 Netherlands: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 34 Russia: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 35 Russia: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 36 Russia: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 37 Rest of Europe: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 38 Rest of Europe: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 39 Rest of Europe: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 40 Asia Pacific: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 41 Asia Pacific: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 42 Asia Pacific: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 43 China: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 44 China: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 45 China: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 46 India: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 47 India: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 48 India: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 49 Malaysia: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 50 Malaysia: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 51 Malaysia: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 52 Japan: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 53 Japan: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 54 Japan: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 55 Indonesia: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 56 Indonesia: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 57 Indonesia: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 58 South Korea: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 59 South Korea: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 60 South Korea: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 61 Australia: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 62 Australia: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 63 Australia: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 64 Rest of Asia Pacific: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 65 Rest of Asia Pacific: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 66 Rest of Asia Pacific: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 67 Middle East & Africa: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 68 Middle East & Africa: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 69 Middle East & Africa: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 70 Saudi Arabia: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 71 Saudi Arabia: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 72 Saudi Arabia: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 73 UAE: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 74 UAE: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 75 UAE: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 76 Israel: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 77 Israel: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 78 Israel: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 79 South Africa: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 80 South Africa: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 81 South Africa: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 82 Rest of Middle East & Africa: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 83 Rest of Middle East & Africa: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 84 Rest of Middle East & Africa: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 85 Latin America: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 86 Latin America: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 87 Latin America: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 88 Mexico: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 89 Mexico: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 90 Mexico: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 91 Brazil: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 92 Brazil: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 93 Brazil: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 94 Argentina: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 95 Argentina: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 96 Argentina: Refrigerant Market, by Application, 2020-2034 (USD Billion)
Table 97 Rest of Latin America: Refrigerant Market, by End User, 2020-2034 (USD Billion)
Table 98 Rest of Latin America: Refrigerant Market, by Type, 2020-2034 (USD Billion)
Table 99 Rest of Latin America: Refrigerant Market, by Application, 2020-2034 (USD Billion)
List of Figures:
Figure 1. Global Refrigerant Market, 2020-2034 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by End User
Figure 7. Global Refrigerant Market, by End User, 2024 & 2034 (USD Billion)
Figure 8. Market by Type
Figure 9. Global Refrigerant Market, by Type, 2024 & 2034 (USD Billion)
Figure 10. Market by Application
Figure 11. Global Refrigerant Market, by Application, 2024 & 2034 (USD Billion)