Low GWP Refrigerants Market Size, Share, Trends, Growth 2032
Low GWP Refrigerants Market By Type (Inorganics [Ammonia, Carbon dioxide, and Others], By Hydrocarbons [Isobutane, Propane, and Others], and Fluorocarbons [HFCs, and HFOs)], By Application (Commercial Refrigeration, Industrial Refrigeration, Domestic Refrigeration, Stationary Air-Conditioning, Mobile Air-Conditioning, and Others), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 26.38 Billion | USD 66.73 Billion | 10.86% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
- 2.2. Low GWP Refrigerants Market: Snapshot
- Chapter 3. Low GWP Refrigerants Market – Industry Analysis
- 3.1. Low GWP Refrigerants Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Low Environmental Impact of Low GWP Refrigerants
- 3.2.2. Phasing Out of CFC, CFC, and HFC Refrigerants
- 3.2.3. Long-Term Viability of Low GWP Refrigerants
- 3.2.4. Increasing Demand for Refrigeration and Air-Conditioning Application
- 3.3. Restraints
- 3.3.1. Higher Initial Capital Cost Requirement
- 3.3.2. Flammability and Toxicity Issues
- 3.4. Opportunities
- 3.4.1. Effects of Global Warming
- 3.4.2. Lower Operating Cost With Higher Performance
- 3.4.3. Technological Advancement for Increasing Performance
- 3.5. Porter’s Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis by Type
- 3.6.2. Market attractiveness analysis by Application
- 3.6.3. Market attractiveness analysis by Region
- Chapter 4. Low GWP Refrigerants Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Low GWP Refrigerants Market: company market share, 2019
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New product launches
- 4.2.3. Agreements, partnerships, cullaborations and joint ventures
- 4.2.4. Research and development and regional expansion
- 4.1. Company market share analysis
- Chapter 5. Global Low GWP Refrigerants Market – Type Analysis
- 5.1. Global Low GWP Refrigerants Market overview: by Type
- 5.1.1. Global Low GWP Refrigerants Market share, by Type, 2019 and 2026
- 5.2. Inorganics
- 5.2.1. Global Low GWP Refrigerants Market by Inorganics, 2016 – 2026 (USD Billion)
- 5.3. Hydrocarbons
- 5.3.1. Global Low GWP Refrigerants Market by Hydrocarbons, 2016 – 2026 (USD Billion)
- 5.4. Fluorocarbons
- 5.4.1. Global Low GWP Refrigerants Market by Fluorocarbons, 2016 – 2026 (USD Billion)
- 5.1. Global Low GWP Refrigerants Market overview: by Type
- Chapter 6. Global Low GWP Refrigerants Market – Application Analysis
- 6.1. Global Low GWP Refrigerants Market overview: by Application
- 6.1.1. Global Low GWP Refrigerants Market share, by Application, 2019 and 2026
- 6.2. Commercial Refrigeration
- 6.2.1. Global Low GWP Refrigerants Market by Commercial Refrigeration, 2016 – 2026 (USD Billion)
- 6.3. Industrial Refrigeration
- 6.3.1. Global Low GWP Refrigerants Market by Industrial Refrigeration, 2016 – 2026 (USD Billion)
- 6.4. Domestic Refrigeration
- 6.4.1. Global Low GWP Refrigerants Market by Domestic Refrigeration, 2016 – 2026 (USD Billion)
- 6.5. Stationary Air-Conditioning
- 6.5.1. Global Low GWP Refrigerants Market by Stationary Air-Conditioning, 2016 – 2026 (USD Billion)
- 6.6. Mobile Air-Conditioning
- 6.6.1. Global Low GWP Refrigerants Market by Mobile Air-Conditioning, 2016 – 2026 (USD Billion)
- 6.7. Others
- 6.7.1. Global Low GWP Refrigerants Market by Others, 2016 – 2026 (USD Billion)
- 6.1. Global Low GWP Refrigerants Market overview: by Application
- Chapter 7. Global Low GWP Refrigerants Market - Regional Analysis
- 7.1. Global Low GWP Refrigerants Market overview: by Region
- 7.1.1. Global Low GWP Refrigerants Market share, by Region, 2019 and 2026
- 7.2. North America
- 7.2.1. North America Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
- 7.2.2. North America Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
- 7.2.3. North America Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.2.4. North America Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.2.5. U.S.
- 7.2.5.1. U.S. Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.2.5.2. U.S. Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.2.6. Rest of North America
- 7.2.6.1. Rest of North America Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.2.6.2. Rest of North America Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
- 7.3.2. Europe Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
- 7.3.3. Europe Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.3.4. Europe Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.3.5. U.K.
- 7.3.5.1. U.K. Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.3.5.2. U.K. Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.3.6. France
- 7.3.6.1. France Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.3.6.2. France Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.3.7. Germany
- 7.3.7.1. Germany Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.3.7.2. Germany Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.3.8. Rest of Europe
- 7.3.8.1. Rest of Europe Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.3.8.2. Rest of Europe Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
- 7.4.2. Asia Pacific Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
- 7.4.3. Asia Pacific Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.4.4. Asia Pacific Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.4.5. China
- 7.4.5.1. China Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.4.5.2. China Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.4.6. Japan
- 7.4.6.1. Japan Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.4.6.2. Japan Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.4.7. India
- 7.4.7.1. India Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.4.7.2. India Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.4.8. Rest of Asia Pacific
- 7.4.8.1. Rest of Asia Pacific Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.4.8.2. Rest of Asia Pacific Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
- 7.5.2. Latin America Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
- 7.5.3. Latin America Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.5.4. Latin America Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.5.5. Brazil
- 7.5.5.1. Brazil Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.5.5.2. Brazil Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.5.6. Rest of Latin America
- 7.5.6.1. Rest of Latin America Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.5.6.2. Rest of Latin America Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.6. The Middle East and Africa
- 7.6.1. The Middle East and Africa Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
- 7.6.2. The Middle East and Africa Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
- 7.6.3. The Middle East and Africa Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.6.4. The Middle East and Africa Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.6.5. GCC Countries
- 7.6.5.1. GCC Countries Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.6.5.2. GCC Countries Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.6.6. Rest of Middle East & Africa
- 7.6.6.1. Rest of Middle East & Africa Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
- 7.6.6.2. Rest of Middle East & Africa Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
- 7.1. Global Low GWP Refrigerants Market overview: by Region
- Chapter 8. Company Profiles
- 8.1. Puyang Zhongwei Fine Chemical
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategy
- 8.1.5. Recent Developments
- 8.2. GTS
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategy
- 8.2.5. Recent Developments
- 8.3. Shandong Yueon Chemical Industry
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategy
- 8.3.5. Recent Developments
- 8.4. Linde Group
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategy
- 8.4.5. Recent Developments
- 8.5. Daikin
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategy
- 8.5.5. Recent Development
- 8.6. Honeywell
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategy
- 8.6.5. Recent Development
- 8.7. Freyr
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategy
- 8.7.5. Recent Development
- 8.8. Harp International
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategy
- 8.8.5. Recent Development
- 8.9. Chemours
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategy
- 8.9.5. Recent Development
- 8.10. Airgas Inc.
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategy
- 8.10.5. Recent Development
- 8.11. Mexichem
- 8.11.1. Overview
- 8.11.2. Financials
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategy
- 8.11.5. Recent Development
- 8.12. Engas Australasia
- 8.12.1. Overview
- 8.12.2. Financials
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategy
- 8.12.5. Recent Development
- 8.13. Sinochem Group
- 8.13.1. Overview
- 8.13.2. Financials
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategy
- 8.13.5. Recent Development
- 8.14. A-Gas
- 8.14.1. Overview
- 8.14.2. Financials
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategy
- 8.14.5. Recent Development
- 8.15. Tazzetti
- 8.15.1. Overview
- 8.15.2. Financials
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategy
- 8.15.5. Recent Development
- 8.16. Arkema
- 8.16.1. Overview
- 8.16.2. Financials
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategy
- 8.16.5. Recent Development
- 8.1. Puyang Zhongwei Fine Chemical
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Low GWP Refrigerants Market attractiveness, by Type
6. Global Low GWP Refrigerants Market attractiveness, by Application
7. Global Low GWP Refrigerants Market attractiveness, by Region
8. Global Low GWP Refrigerants Market share, by Type, 2019 and 2026
9. Global Low GWP Refrigerants Market by Pre-Marketing Services, 2016 – 2026 (USD Billion)
10. Global Low GWP Refrigerants Market by Post-Marketing Services, 2016 – 2026 (USD Billion)
11. Global Low GWP Refrigerants Market by Services, 2016 – 2026 (USD Billion)
12. Global Low GWP Refrigerants Market share, by Application, 2019 and 2026
13. Global Low GWP Refrigerants Market by Skincare, 2016 – 2026 (USD Billion)
14. Global Low GWP Refrigerants Market by Makeup, 2016 – 2026 (USD Billion)
15. Global Low GWP Refrigerants Market by Haircare, 2016 – 2026 (USD Billion)
16. Global Low GWP Refrigerants Market by Perfumes & Deodorants, 2016 – 2026 (USD Billion)
17. Global Low GWP Refrigerants Market by Hair Colorants, 2016 – 2026 (USD Billion)
18. Global Low GWP Refrigerants Market by Others, 2016 – 2026 (USD Billion)
19. Global Low GWP Refrigerants Market share, by Region, 2019 and 2026
20. North America Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
21. Europe Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
22. Asia Pacific Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
23. Latin America Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
24. The Middle East and Africa Low GWP Refrigerants Market, 2016 – 2026 (USD Billion)
Table Of Tables
List of Tables
1. Global Low GWP Refrigerants Market: snapshot
2. Drivers of the Low GWP Refrigerants Market: impact analysis
3. Restraints of the Low GWP Refrigerants Market: impact analysis
4. North America Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
5. North America Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
6. North America Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
7. U.S. Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
8. U.S. Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
9. Rest of North America Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
10. Rest of North America Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
11. Europe Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
12. Europe Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
13. Europe Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
14. U.K. Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
15. U.K. Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
16. France Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
17. France Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
18. Germany Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
19. Germany Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
20. Rest of Europe Low GWP Refrigerants revenue, by Type, 2016 – 2026 (USD Billion)
21. Rest of Europe Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
22. Asia Pacific Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
23. Asia Pacific Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
24. Asia Pacific Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
25. China Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
26. China Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
27. Japan Low GWP Refrigerants revenue, by Type, 2016 – 2026 (USD Billion)
28. Japan Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
29. India Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
30. India Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
31. Rest of Asia Pacific Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
32. Rest of Asia Pacific Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
33. Latin America Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
34. Latin America Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
35. Latin America Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
36. Brazil Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
37. Brazil Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
38. Rest of Latin America Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
39. Rest of Latin America Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
40. The Middle East and Africa Low GWP Refrigerants Market revenue, by Country, 2016 – 2026 (USD Billion)
41. The Middle East and Africa Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
42. The Middle East and Africa Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
43. GCC Countries Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
44. GCC Countries Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
45. Rest of Middle East and Africa Low GWP Refrigerants Market revenue, by Type, 2016 – 2026 (USD Billion)
46. Rest of Middle East and Africa Low GWP Refrigerants Market revenue, by Application, 2016 – 2026 (USD Billion)
Methodology
FrequentlyAsked Questions
Low-GWP refrigerants are those that have a low Global Warming Potential (GWP) and are made to have as little of an environmental effect as possible by contributing less to global warming when they are discharged into the atmosphere. The greenhouse gas potential (GWP) is a measurement of the amount of heat a gas traps in the atmosphere in relation to carbon dioxide (CO2), which has a GWP of 1.
International accords like the Montreal Protocol's Kigali Amendment seek to gradually phase out the use of high greenhouse gas (GWP) refrigerants like HFCs while encouraging the use of low GWP substitutes. Industries are being forced by these rules to switch to greener refrigerants.
Zion Market Research has published a report on the global Low GWP Refrigerants Market, estimating its value at USD 26.38 Billion in 2023, with projections indicating that it will reach USD 66.73 Billion by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 10.86% over the forecast period 2024-2032.
Regionally, the low GWP refrigerants market is divided into Europe, Latin America, Asia Pacific, North America, and the Middle East and Africa.
Some of the players of low GWP refrigerants market included in report are Puyang Zhongwei Fine Chemical, GTS, Shandong Yueon Chemical Industry, Linde Group, Daikin, Honeywell, Harp International, Chemours, Airgas Inc., Mexichem, Engas Australasia, Sinochem Group, A-Gas, Tazzetti, and Arkema among others.
RelatedNews
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed