Global Natural Refrigerants Market Growth 2025-2031

Global Natural Refrigerants Market Growth 2025-2031

The global Natural Refrigerants market size is predicted to grow from US$ 2031 million in 2025 to US$ 3120 million in 2031; it is expected to grow at a CAGR of 7.4% from 2025 to 2031.

Natural refrigerants are natural substances that serve as refrigerants in refrigeration systems (including refrigerators, HVAC, and air conditioning). They are alternatives to hydrofluorocarbon (HFC), hydro chlorofluorocarbon (HCFC) and chlorofluorocarbon (CFC) based refrigerants. Unlike other refrigerants, they are not synthetic chemicals and can sometimes be found in nature. Natural refrigerants are chemicals which occur in nature's bio-chemical processes. They do not deplete the ozone layer and make a negligible - or zero in the case of R717 (ammonia) - contribution to global warming. The high efficiency of natural refrigerants also means that they make a lower indirect contribution to global warming. They are not only used due to environmental sustainability as some applications are better suited to a particular natural refrigerant. This report studies the global Natural Refrigerants market.

The major players in global Natural Refrigerants market include Linde Group, Puyang Zhongwei, Airgas, etc. The top 3 players occupy about 50% shares of the global market. Europe and North America are main markets, they occupy about 65% of the global market. Hydrocarbons (R-290, R-1270, R-600a, etc.) is the main type, with a share about 60%. Air Conditioning is the main application, which holds a share about 60%.

The natural refrigerant market has shown a significant growth trend in recent years, mainly driven by environmental regulations, technological advances and consumer demand for sustainable development. Global environmental policies and regulations (such as the Montreal Protocol and the Kigali Amendment) restrict the use of high global warming potential (GWP) refrigerants. This has led to an increase in demand for natural refrigerants such as carbon dioxide, ammonia and hydrocarbons. Natural refrigerants have a low or zero GWP and therefore meet the requirements of these regulations. As consumers become more environmentally conscious, more and more brands and companies are beginning to pay attention to the environmental performance of refrigeration equipment. Natural refrigerants have become the first choice due to their zero damage to the ozone layer and lower greenhouse gas emissions, especially in industries such as retail, food processing, and transportation.

LP Information, Inc. (LPI) ' newest research report, the “Natural Refrigerants Industry Forecast” looks at past sales and reviews total world Natural Refrigerants sales in 2024, providing a comprehensive analysis by region and market sector of projected Natural Refrigerants sales for 2025 through 2031. With Natural Refrigerants sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Refrigerants industry.

This Insight Report provides a comprehensive analysis of the global Natural Refrigerants landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Natural Refrigerants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Natural Refrigerants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural Refrigerants and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Natural Refrigerants.

This report presents a comprehensive overview, market shares, and growth opportunities of Natural Refrigerants market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Ammonia (R-717)
Hydrocarbons (R-290, R-1270, R-600a, etc.)
Carbon Dioxide (CO2) (R-744)

Segmentation by Application:
Refrigeration
Air Conditioning
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Linde Group
Puyang Zhongwei FINE Chemical Co., Ltd.
Airgas
Sinochem
Shandong Yuean
Aeropres
A-Gas international
Tazzetti
Engas Australasia
Harp International
Hychill
GTS
Juhua Group
Dongyue Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Natural Refrigerants market?

What factors are driving Natural Refrigerants market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Natural Refrigerants market opportunities vary by end market size?

How does Natural Refrigerants break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.