Refrigerants Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Demand for Chillers and Freezers
- Growing Automotive Industry and Consumer Electronics Sector
Challenges
- Stringent Government Regulations for the Use of Refrigerants
Refrigerants Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
7.8% |
|
Base Year Market Size (2024) |
USD 26.29 billion |
|
Forecast Year Market Size (2037) |
USD 69.8 billion |
|
Regional Scope |
|
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.
