Global R32 Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global R32 Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global R32 market size was valued at US$ 1511 million in 2024 and is forecast to a readjusted size of USD 1182 million by 2031 with a CAGR of -4.4% during review period.

Difluoromethane is a halogenated hydrocarbon, referred to as R32. It is a gas at normal temperature and a colorless and transparent liquid under its own pressure. It is easily soluble in oil and difficult to dissolve in water. It is a refrigerant with zero ozone loss potential. Before R32 entered the stage of history, R22 refrigerant had dominated the air-conditioning industry for decades. However, due to its greater harm to the ozone layer, according to the Montreal Protocol and the Kyoto Protocol, the withdrawal time limit for R22 is getting closer and closer. In this context, R32, as a new generation of energy-saving, carbon-reducing, environmentally friendly, non-toxic refrigerant, has become a new choice.

Global key players of R32 include Zhejiang Juhua, Sanmei Chemical, Daikin, Honeywell, Arkema, etc. The top five players hold a share over 49%. Asia-Pacific is the largest market, and has a share about 76%, followed by Europe and North America with share 10% and 9%, separately. In terms of product type, Pure R32 is the largest segment, occupied for a share of 70%. In terms of application, Household Air Conditioner has a share about 64 percent.

This report is a detailed and comprehensive analysis for global R32 market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global R32 market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/Ton), 2020-2031

Global R32 market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/Ton), 2020-2031

Global R32 market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/Ton), 2020-2031

Global R32 market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for R32

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global R32 market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Zhejiang Juhua, Daikin, Sanmei Chemical, Honeywell, Dongyue Group, Arkema, SRF Ltd, Chemours, Orbia (Koura), Gujarat Fluorochemicals, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

R32 market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Pure R32
Mixed R32

Market segment by Application
Household Air Conditioner
Commercial Air Conditioner
Others

Major players covered
Zhejiang Juhua
Daikin
Sanmei Chemical
Honeywell
Dongyue Group
Arkema
SRF Ltd
Chemours
Orbia (Koura)
Gujarat Fluorochemicals
Myland Group

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe R32 product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of R32, with price, sales quantity, revenue, and global market share of R32 from 2020 to 2025.

Chapter 3, the R32 competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the R32 breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and R32 market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of R32.

Chapter 14 and 15, to describe R32 sales channel, distributors, customers, research findings and conclusion.