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The U.S. refrigerants market

The U.S. refrigerants market Unlocking Growth Opportunities: Analysis and Forecast 2025-2033

The U.S. refrigerants market by Type (Fluorocarbons, Hydrocarbons, Inorganic Refrigerants), by Application (Air conditioning, Refrigeration, Others), by End-use Industry (Industrial, Commercial, Domestic), by Forecast 2025-2033

Dec 27 2024

Base Year: 2024

180 Pages

The U.S. refrigerants market Unlocking Growth Opportunities: Analysis and Forecast 2025-2033

Key Insights

The U.S. refrigerants market size was valued at USD 5.02 USD Billion in 2023 and is projected to reach USD 9.24 USD Billion by 2032, exhibiting a CAGR of 9.1 % during the forecast period.Natural refrigerants are substances that can be found naturally occurring in the environment. Natural refrigerants include ammonia, carbon dioxide, hydrocarbons, water, and air. Natural refrigerants are alternative refrigerants used in refrigeration and air conditioning systems. These refrigerants offer several benefits over traditional chemical refrigerants, which are commonly used in these systems. Some of the most prominent natural refrigerants include hydrocarbons, carbon dioxide, ammonia, and water Using them in your process makes the cooling system much more sustainable and future-proof. Natural refrigerants use up less energy, and maintenance costs are considerably lower. Natural refrigerants are also lower in price compared to chemical refrigerants. The demand for natural refrigerants in US markets can be attributed to several factors. One of the primary considerations is the growing awareness and concern about environmental issues. Rising industrial pollution in the U.S. and increasing environmental regulations imposed by the government are creating lucrative opportunities for the adoption of natural chemicals. These factors are expected to boost the demand for refrigerants in industrial applications.

The U.S. refrigerants market Research Report - Market Size, Growth & Forecast

The U.S. refrigerants market Trends

Growing emphasis on energy efficiency
Rising environmental awareness
Technological advancements in refrigerant technologies

Driving Forces: What's Propelling the U.S. refrigerants market

Environmental regulations
Energy efficiency initiatives
Rising demand for air conditioning and refrigeration

Challenges and Restraints in The U.S. refrigerants market

High cost of refrigerants
Availability of low-GWP refrigerants
Safety concerns

Emerging Trends in The U.S. refrigerants market

Development of low-GWP refrigerants
Adoption of natural refrigerants
Integration of smart technologies in refrigeration systems

Growth Catalysts in The U.S. Refrigerants Market Industry

Government incentives for energy-efficient technologies
Rising demand for refrigeration in industrial and commercial sectors
Increasing investment in research and development

Market Segmentation: The U.S. refrigerants market Analysis

By Type

* Fluorocarbons * Hydrocarbons * Inorganic Refrigerants

By Application

* Air conditioning * Refrigeration * Others

By End-use Industry

* Industrial * Commercial * Domestic

Leading Players in the U.S. refrigerants market

Significant developments in The U.S. refrigerants market Sector

February 2023: Linde announced a long-term agreement to supply clean hydrogen and industrial gases to OCI's blue ammonia plant.
January 2022: Honeywell launched Solstice N71(R-417A), a non-flammable refrigerant for various applications.

Comprehensive Coverage The U.S. Refrigerants Market Report

Market overview
Market size and forecast
Market segmentation
Industry analysis
Key players
Drivers and challenges
Emerging trends
Regional insights

Regional Insight

The U.S. refrigerants market is a significant regional segment within the global refrigerants industry. It encompasses a diverse range of applications across various end-use sectors, including commercial refrigeration, residential air conditioning, and industrial cooling systems.

Key regional insights include:

**North America:** The United States dominates the North American refrigerants market, accounting for a majority of the regional revenue share. Factors contributing to this dominance include the large installed base of refrigeration and air conditioning systems, growing demand for energy-efficient cooling solutions, and stringent environmental regulations.
**Europe:** Europe is another major regional market for refrigerants. The European Union has implemented ambitious climate goals, leading to a shift towards environmentally friendly refrigerants and the adoption of natural refrigerants such as ammonia and propane.
**Asia-Pacific:** The Asia-Pacific region is expected to witness significant growth in the refrigerants market due to rapid urbanization, rising population, and growing demand for cooling appliances. China, Japan, and India are key markets within this region.
**Latin America:** The Latin American refrigerants market is projected to experience moderate growth. Brazil is the largest market in the region, driven by the expansion of the commercial and industrial refrigeration sectors.
**Middle East and Africa:** The Middle East and Africa region is a relatively smaller market for refrigerants. However, increasing construction activities and rising temperatures are expected to drive market growth in the coming years.

Consumer Side Analysis

Consumer preferences
Consumer buying behavior
Consumer demand trends

Demand Side Analysis

Demand drivers
Demand constraints
Price elasticity of demand

Import And Export Analysis

Major importing countries
Major exporting countries
Import and export regulations

Pricing Strategies

Cost structure
Pricing models
Competitive analysis

Segmentation

By product
By application (Air Conditioning)
By end-user industry
By region

The U.S. refrigerants market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2019-2033
Base Year	2024
Estimated Year	2025
Forecast Period	2025-2033
Historical Period	2019-2024
Growth Rate	CAGR of 9.1% from 2019-2033
Segmentation	By Type Fluorocarbons Hydrocarbons Inorganic Refrigerants By Application Air conditioning Refrigeration Others By End-use Industry Industrial Commercial Domestic By Geography

Frequently Asked Questions

Table Of Content

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. High Regulatory Compliance to Aid Market Growth
- - 3.3. Market Restrains
  - - 3.3.1. Illegal Trade of Refrigerants to Restraint Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Increasing Demand from Air Conditioning Applications to Drive Market Growth
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. The U.S. refrigerants market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
  - 5.1.1. Fluorocarbons
  - 5.1.2. Hydrocarbons
  - 5.1.3. Inorganic Refrigerants
- 5.2. Market Analysis, Insights and Forecast - by Application
  - 5.2.1. Air conditioning
  - 5.2.2. Refrigeration
  - 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast - by End-use Industry
  - 5.3.1. Industrial
  - 5.3.2. Commercial
  - 5.3.3. Domestic
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1.
6. North America The U.S. refrigerants market Analysis, Insights and Forecast, 2019-2031
- - 6.1. Market Analysis, Insights and Forecast - By Country/Sub-region
  - - 6.1.1 United States
    - 6.1.2 Canada
    - 6.1.3 Mexico
7. South America The U.S. refrigerants market Analysis, Insights and Forecast, 2019-2031
- - 7.1. Market Analysis, Insights and Forecast - By Country/Sub-region
  - - 7.1.1 Brazil
    - 7.1.2 Argentina
    - 7.1.3 Rest of South America
8. Europe The U.S. refrigerants market Analysis, Insights and Forecast, 2019-2031
- - 8.1. Market Analysis, Insights and Forecast - By Country/Sub-region
  - - 8.1.1 Germany
    - 8.1.2 France
    - 8.1.3 Italy
    - 8.1.4 United Kingdom
    - 8.1.5 Netherlands
    - 8.1.6 Rest of Europe
9. Asia Pacific The U.S. refrigerants market Analysis, Insights and Forecast, 2019-2031
- - 9.1. Market Analysis, Insights and Forecast - By Country/Sub-region
  - - 9.1.1 China
    - 9.1.2 Japan
    - 9.1.3 India
    - 9.1.4 South Korea
    - 9.1.5 Taiwan
    - 9.1.6 Australia
    - 9.1.7 Rest of Asia-Pacific
10. MEA The U.S. refrigerants market Analysis, Insights and Forecast, 2019-2031
- - 10.1. Market Analysis, Insights and Forecast - By Country/Sub-region
  - - 10.1.1 Middle East
    - 10.1.2 Africa
11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- - 11.2. Company Profiles
  - - 11.2.1 The Chemours Company (U.S.)
      11.2.1.1. Overview
      11.2.1.2. Products
      11.2.1.3. SWOT Analysis
      11.2.1.4. Recent Developments
      11.2.1.5. Financials (Based on Availability)
    - 11.2.2 DuPont (U.S.)
      11.2.2.1. Overview
      11.2.2.2. Products
      11.2.2.3. SWOT Analysis
      11.2.2.4. Recent Developments
      11.2.2.5. Financials (Based on Availability)
    - 11.2.3 A-Gas (U.K.)
      11.2.3.1. Overview
      11.2.3.2. Products
      11.2.3.3. SWOT Analysis
      11.2.3.4. Recent Developments
      11.2.3.5. Financials (Based on Availability)
    - 11.2.4 Honeywell International Inc. (U.S.)
      11.2.4.1. Overview
      11.2.4.2. Products
      11.2.4.3. SWOT Analysis
      11.2.4.4. Recent Developments
      11.2.4.5. Financials (Based on Availability)
    - 11.2.5 Arkema (France)
      11.2.5.1. Overview
      11.2.5.2. Products
      11.2.5.3. SWOT Analysis
      11.2.5.4. Recent Developments
      11.2.5.5. Financials (Based on Availability)
    - 11.2.6 DAIKIN INDUSTRIES Ltd. (Japan)
      11.2.6.1. Overview
      11.2.6.2. Products
      11.2.6.3. SWOT Analysis
      11.2.6.4. Recent Developments
      11.2.6.5. Financials (Based on Availability)
    - 11.2.7 Air Liquide (France)
      11.2.7.1. Overview
      11.2.7.2. Products
      11.2.7.3. SWOT Analysis
      11.2.7.4. Recent Developments
      11.2.7.5. Financials (Based on Availability)
    - 11.2.8 Linde plc. (Ireland)
      11.2.8.1. Overview
      11.2.8.2. Products
      11.2.8.3. SWOT Analysis
      11.2.8.4. Recent Developments
      11.2.8.5. Financials (Based on Availability)

List of Figures

Figure 1: The U.S. refrigerants market Revenue Breakdown (USD Billion, %) by Product 2024 & 2032
Figure 2: The U.S. refrigerants market Share (%) by Company 2024

List of Tables

Table 1: The U.S. refrigerants market Revenue USD Billion Forecast, by Region 2019 & 2032
Table 2: The U.S. refrigerants market Volume Kiloton Forecast, by Region 2019 & 2032
Table 3: The U.S. refrigerants market Revenue USD Billion Forecast, by Type 2019 & 2032
Table 4: The U.S. refrigerants market Volume Kiloton Forecast, by Type 2019 & 2032
Table 5: The U.S. refrigerants market Revenue USD Billion Forecast, by Application 2019 & 2032
Table 6: The U.S. refrigerants market Volume Kiloton Forecast, by Application 2019 & 2032
Table 7: The U.S. refrigerants market Revenue USD Billion Forecast, by End-use Industry 2019 & 2032
Table 8: The U.S. refrigerants market Volume Kiloton Forecast, by End-use Industry 2019 & 2032
Table 9: The U.S. refrigerants market Revenue USD Billion Forecast, by Region 2019 & 2032
Table 10: The U.S. refrigerants market Volume Kiloton Forecast, by Region 2019 & 2032
Table 11: The U.S. refrigerants market Revenue USD Billion Forecast, by Country 2019 & 2032
Table 12: The U.S. refrigerants market Volume Kiloton Forecast, by Country 2019 & 2032
Table 13: United States The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 14: United States The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 15: Canada The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 16: Canada The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 17: Mexico The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 18: Mexico The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 19: The U.S. refrigerants market Revenue USD Billion Forecast, by Country 2019 & 2032
Table 20: The U.S. refrigerants market Volume Kiloton Forecast, by Country 2019 & 2032
Table 21: Brazil The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 22: Brazil The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 23: Argentina The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 24: Argentina The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 25: Rest of South America The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 26: Rest of South America The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 27: The U.S. refrigerants market Revenue USD Billion Forecast, by Country 2019 & 2032
Table 28: The U.S. refrigerants market Volume Kiloton Forecast, by Country 2019 & 2032
Table 29: Germany The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 30: Germany The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 31: France The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 32: France The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 33: Italy The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 34: Italy The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 35: United Kingdom The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 36: United Kingdom The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 37: Netherlands The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 38: Netherlands The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 39: Rest of Europe The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 40: Rest of Europe The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 41: The U.S. refrigerants market Revenue USD Billion Forecast, by Country 2019 & 2032
Table 42: The U.S. refrigerants market Volume Kiloton Forecast, by Country 2019 & 2032
Table 43: China The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 44: China The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 45: Japan The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 46: Japan The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 47: India The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 48: India The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 49: South Korea The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 50: South Korea The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 51: Taiwan The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 52: Taiwan The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 53: Australia The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 54: Australia The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 55: Rest of Asia-Pacific The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 56: Rest of Asia-Pacific The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 57: The U.S. refrigerants market Revenue USD Billion Forecast, by Country 2019 & 2032
Table 58: The U.S. refrigerants market Volume Kiloton Forecast, by Country 2019 & 2032
Table 59: Middle East The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 60: Middle East The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 61: Africa The U.S. refrigerants market Revenue (USD Billion) Forecast, by Application 2019 & 2032
Table 62: Africa The U.S. refrigerants market Volume (Kiloton) Forecast, by Application 2019 & 2032
Table 63: The U.S. refrigerants market Revenue USD Billion Forecast, by Type 2019 & 2032
Table 64: The U.S. refrigerants market Volume Kiloton Forecast, by Type 2019 & 2032
Table 65: The U.S. refrigerants market Revenue USD Billion Forecast, by Application 2019 & 2032
Table 66: The U.S. refrigerants market Volume Kiloton Forecast, by Application 2019 & 2032
Table 67: The U.S. refrigerants market Revenue USD Billion Forecast, by End-use Industry 2019 & 2032
Table 68: The U.S. refrigerants market Volume Kiloton Forecast, by End-use Industry 2019 & 2032
Table 69: The U.S. refrigerants market Revenue USD Billion Forecast, by Country 2019 & 2032
Table 70: The U.S. refrigerants market Volume Kiloton Forecast, by Country 2019 & 2032

Aspects	Details
Study Period	2019-2033
Base Year	2024
Estimated Year	2025
Forecast Period	2025-2033
Historical Period	2019-2024
Growth Rate	CAGR of 9.1% from 2019-2033
Segmentation	By Type Fluorocarbons Hydrocarbons Inorganic Refrigerants By Application Air conditioning Refrigeration Others By End-use Industry Industrial Commercial Domestic By Geography

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