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 Cond

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)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

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 (2023 – 2030), considering 2022 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.