Low GWP Refrigerants Market

Global Low GWP Refrigerants Market Size, Trends & Analysis - Forecasts to 2028 By Type (Inorganics, Hydrocarbons, and Fluorocarbons), By Application (Industrial Refrigeration, Mobile Air-conditioning, Commercial Refrigeration, Stationary Air-conditioning, Domestic Refrigeration, and Others), and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis

Category Chemicals & Advanced Material

Format

This report was recently updated on November 15 2024 with the latest and most recent market numbers

Global Low GWP Refrigerants Market Size

The global low GWP refrigerants market is expected to grow at a CAGR of 11.7% from 2023 to 2028. One of the primary drivers of the global low GWP (Global Warming Potential) refrigerants market growth is the stringent environmental regulations imposed by governments and international organizations to combat climate change. The high global warming potential of traditional refrigerants such as hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs), has been identified as a significant contributor to greenhouse gas emissions and ozone depletion. In response to these environmental concerns, various countries and regions have taken action to phase out high GWP refrigerants and replace them with low GWP alternatives.

Refrigerant manufacturers are investing heavily in research and development to create new low GWP refrigerants that are compliant with environmental regulations. For instance, companies like Honeywell and Chemours have introduced low GWP refrigerants like Solstice N40 (R-448A) and Opteon XP40 (R-449A), respectively, as replacements for high GWP HFCs like R-404A.

To comply with regulations and avoid costly system replacements, many end users are opting for retrofitting their existing refrigeration systems with low GWP alternatives. This involves replacing high GWP refrigerants with low GWP refrigerants, while making necessary modifications to the system. For instance, Carrier, a global HVAC and refrigeration solutions provider, offers retrofit solutions using its Opteon XL series of low GWP refrigerants.

Environmental restrictions and the phase-out of high GWP refrigerants are driving the global market growth for low GWP refrigerants. Refrigerant manufacturers are developing innovative low GWP alternatives, and the industry is witnessing a shift towards natural refrigerants and retrofitting existing systems. As environmental concerns continue to grow, the market for low GWP refrigerants is expected to expand, driving sustainable and eco-friendly refrigeration practices across various industries.

global low gwp refrigerants market

Global Low GWP Refrigerants Market: By Type

Fluorocarbons segment accounted for highest revenue share in 2022. This is because fluorocarbons, particularly hydrofluoroolefins (HFOs) and hydrofluorocarbons (HFCs), have various applications in various refrigeration, air-conditioning, and heat pump systems. They are versatile solutions for a variety of cooling and heating needs, as they are used in commercial, industrial, and residential sectors.

Similarly, fluorocarbon manufacturers are collaborating with original equipment manufacturers (OEMs) and end users to promote the adoption of low GWP refrigerants in new equipment and retrofits. By working closely with OEMs, refrigerant companies ensure that their products are compatible with new systems, enhancing market acceptance. Additionally, partnerships with end users, such as commercial and industrial facilities, help promote the benefits of using low GWP fluorocarbons for sustainability and regulatory compliance, thereby driving growth of the fluorocarbons segment.

In addition, refrigerant manufacturers invest significantly in R&D to develop new, low GWP fluorocarbons and improve their performance. For instance, In November 2019, Chemours launched the Opteon XL series of low GWP refrigerants, including Opteon XL41 (R-454B), Opteon XL55 (R-452B), and Opteon XL20 (R-454C), which are HFO-based alternatives.

Global Low GWP Refrigerants Market: By Application

The commercial refrigeration segment accounted for maximum revenue share in 2022 in the global market and is anticipated to witness substantial growth during the forecast period.

Commercial refrigeration find its applications in supermarkets, convenience stores, restaurants, hotels, and cold storage facilities. These applications require a significant amount of refrigeration equipment, leading to higher demand for low GWP refrigerants.

Moreover, due to the growing population, domestic refrigeration market is anticipated to witness significance growth in the near future. Domestic refrigeration include refrigerators and freezers used in households worldwide. The high number of residential units, coupled with the increasing urbanization and household income levels, leads to a substantial demand for low GWP refrigerants.

asia pacific low gwp refrigerants market

Global Low GWP Refrigerants Market: By Region

North America (United States, Canada, and Mexico) is accounted for the major revenue share in the fiscal year 2022. North America has been at the forefront of implementing stringent environmental regulations to combat climate change and reduce greenhouse gas emissions. The region has taken proactive measures to phase out high GWP refrigerants and promote the adoption of low GWP alternatives.

Moreover, key stakeholders in North America focuses on conducting industry-wide awareness campaigns to educate businesses, consumers, and HVAC professionals about the benefits of low GWP refrigerants. These campaigns highlight the environmental advantages, energy efficiency, and long-term cost savings associated with using low GWP refrigerants.

Moreover, Asia Pacific is anticipated to witness fastest growth during the forecast period, primarily due to rapid economic growth, leading to increased industrialization, urbanization, and commercial activities. As a result, there is a growing demand for refrigeration and air conditioning systems, driving the need for low GWP refrigerants in various applications.

Global Low GWP Refrigerants Share and Competitor Analysis

Honeywell International Inc., DAIKIN INDUSTRIES, Ltd., Linde plc, Sinochem Group, engas Australasia, Arkema, Airgas, Inc., The Chemours Company, GTS SPA, Harp International Ltd., Tazzetti S.p.A., and A-Gas among others, are some of the key players operating in the market.

Please note: This is not an exhaustive list of companies profiled in the report.

1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1 Strategic Opportunity & Attractiveness Analysis

1.1.1 Hot Revenue Pockets

1.1.2 Market Attractiveness Score

1.1.3 Revenue Impacting Opportunity

1.1.4 High Growing Region/Country

1.1.5 Competitor Analysis

1.1.6 Consumer Analysis

1.2 Global Market Estimates' View

1.3 Strategic Insights across Business Functions

1.3.1 For Chief Executive Officers

1.3.2 For Chief Marketing Officers

1.3.3 For Chief Strategy Officers

1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2 TECHNOLOGICAL TRENDS

2.1 Technological Adoption Rate

2.2 Current Trend Impact Analysis

2.3 Future Trend Impact Analysis

2.4 Data Metrics

3 GLOBAL MARKET OUTLOOK

3.1 Market Pyramid Analysis

3.1.1 Introduction

3.1.2 Adjacent Market Opportunities

3.1.3 Ancillary Market Opportunities

3.2 Demand Side Analysis

3.2.1 Market Drivers: Impact Analysis

3.2.2 Market Restraints: Impact Analysis

3.2.3 Market Opportunities: Impact Analysis

3.2.4 Market Challenges: Impact Analysis

3.3 Supply Side Analysis

3.3.1 Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3 Value Chain Analysis

3.3.4 Trend Analysis

3.3.5 Gap Analysis

3.3.6 Cost Analysis

STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1 Strategic Opportunity & Attractiveness Analysis

1.1.1 Hot Revenue Pockets

1.1.2 Market Attractiveness Score

1.1.3 Revenue Impacting Opportunity

1.1.4 High Growing Region/Country

1.1.5 Competitor Analysis

1.1.6 Consumer Analysis

1.2 Global Market Estimates' View

1.3 Strategic Insights across Business Functions

1.3.1 For Chief Executive Officers

1.3.2 For Chief Marketing Officers

1.3.3 For Chief Strategy Officers

1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2 TECHNOLOGICAL TRENDS

2.1 Technological Adoption Rate

2.2 Current Trend Impact Analysis

2.3 Future Trend Impact Analysis

2.4 Data Metrics

3 GLOBAL LOW GWP REFRIGERANTS MARKET OUTLOOK

3.1 Market Pyramid Analysis

3.1.1 Introduction

3.1.2 Adjacent Market Opportunities

3.1.3 Ancillary Market Opportunities

3.2 Demand Side Analysis

3.2.1 Market Drivers: Impact Analysis

3.2.2 Market Restraints: Impact Analysis

3.2.3 Market Opportunities: Impact Analysis

3.2.4 Market Challenges: Impact Analysis

3.3 Supply Side Analysis

3.3.1 Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3 Value Chain Analysis

3.3.4 Trend Analysis

3.3.5 Gap Analysis

3.3.6 Cost Analysis

4 GLOBAL LOW GWP REFRIGERANTS MARKET, BY TYPE

4.1 Introduction

4.2 Low GWP Refrigerants Market: Type Scope Key Takeaways

4.3 Revenue Growth Analysis, 2022 & 2028

4.4 Inorganics

4.4.1 Inorganics Market Estimates and Forecast, 2020-2028 (USD Million)

4.5 Hydrocarbons

4.5.1 Hydrocarbons Market Estimates and Forecast, 2020-2028 (USD Million)

4.6 Fluorocarbons

4.6.1 Fluorocarbons Market Estimates and Forecast, 2020-2028 (USD Million)

5 GLOBAL LOW GWP REFRIGERANTS MARKET, BY APPLICATION

5.1 Introduction

5.2 Low GWP Refrigerants Market: Application Scope Key Takeaways

5.3 Revenue Growth Analysis, 2022 & 2028

5.4 Industrial Refrigeration

5.4.1 Industrial Refrigeration Market Estimates and Forecast, 2020-2028 (USD Million)

5.5 Mobile Air-conditioning

5.5.1 Mobile Air-conditioning Market Estimates and Forecast, 2020-2028 (USD Million)

5.5 Commercial Refrigeration

5.5.1 Commercial Refrigeration Market Estimates and Forecast, 2020-2028 (USD Million)

5.6 Stationary Air-conditioning

5.6.1 Stationary Air-conditioning Market Estimates and Forecast, 2020-2028 (USD Million)

5.7 Domestic Refrigeration

5.7.1 Domestic Refrigeration Market Estimates and Forecast, 2020-2028 (USD Million)

5.8 Others

5.8.1 Others Market Estimates and Forecast, 2020-2028 (USD Million)

6 GLOBAL LOW GWP REFRIGERANTS MARKET, BY REGION

6.1 Introduction

6.2 North America Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.1 By Type

6.2.2 By Application

6.2.3 By Country

6.2.3.1 U.S. Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.1.1 By Type

6.2.3.1.2 By Application

6.2.3.2 Canada Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.2.1 By Type

6.2.3.2.2 By Application

6.2.3.3 Mexico Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.3.1 By Type

6.2.3.3.2 By Application

6.3 Europe Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.1 By Type

6.3.2 By Application

6.3.3 By Country

6.3.3.1 Germany Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.1.1 By Type

6.3.3.1.2 By Application

6.3.3.2 U.K. Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.2.1 By Type

6.3.3.2.2 By Application

6.3.3.3 France Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.3.1 By Type

6.3.3.3.2 By Application

6.3.3.4 Italy Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.4.1 By Type

6.3.3.4.2 By Application

6.3.3.5 Spain Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.5.1 By Type

6.3.3.5.2 By Application

6.3.3.6 Netherlands Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1 By Type

6.3.3.6.2 By Application

6.3.3.7 Rest of Europe Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1 By Type

6.3.3.6.2 By Application

6.4 Asia Pacific Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.1 By Type

6.4.2 By Application

6.4.3 By Country

6.4.3.1 China Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.1.1 By Type

6.4.3.1.2 By Application

6.4.3.2 Japan Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.2.1 By Type

6.4.3.2.2 By Application

6.4.3.3 India Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.3.1 By Type

6.4.3.3.2 By Application

6.4.3.4 South Korea Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.4.1 By Type

6.4.3.4.2 By Application

6.4.3.5 Singapore Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.5.1 By Type

6.4.3.5.2 By Application

6.4.3.6 Malaysia Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1 By Type

6.4.3.6.2 By Application

6.4.3.7 Thailand Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1 By Type

6.4.3.6.2 By Application

6.4.3.8 Indonesia Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.7.1 By Type

6.4.3.7.2 By Application

6.4.3.9 Vietnam Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.8.1 By Type

6.4.3.8.2 By Application

6.4.3.10 Taiwan Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.10.1 By Type

6.4.3.10.2 By Application

6.4.3.11 Rest of Asia Pacific Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.11.1 By Type

6.4.3.11.2 By Application

6.5 Middle East and Africa Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.1 By Type

6.5.2 By Application

6.5.3 By Country

6.5.3.1 Saudi Arabia Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.1.1 By Type

6.5.3.1.2 By Application

6.5.3.2 U.A.E. Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.2.1 By Type

6.5.3.2.2 By Application

6.5.3.3 Israel Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.3.1 By Type

6.5.3.3.2 By Application

6.5.3.4 South Africa Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.4.1 By Type

6.5.3.4.2 By Application

6.5.3.5 Rest of Middle East and Africa Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.5.1 By Type

6.5.3.5.2 By Application

6.6 Central & South America Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.1 By Type

6.6.2 By Application

6.6.3 By Country

6.6.3.1 Brazil Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.1.1 By Type

6.6.3.1.2 By Application

6.6.3.2 Argentina Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.2.1 By Type

6.6.3.2.2 By Application

6.6.3.3 Chile Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1 By Type

6.6.3.3.2 By Application

6.6.3.3 Rest of Central & South America Low GWP Refrigerants Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1 By Type

6.6.3.3.2 By Application

7 COMPETITIVE LANDCAPE

7.1 Company Market Share Analysis

7.2 Four Quadrant Positioning Matrix

7.2.1 Market Leaders

7.2.2 Market Visionaries

7.2.3 Market Challengers

7.2.4 Niche Market Players

7.3.4 Rest of the World

7.4 Company Profiles

7.4.1 Honeywell International Inc.

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2 DAIKIN INDUSTRIES, Ltd.

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3 Linde plc

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4 Sinochem Group

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5 Engas Australasia

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6 Arkema

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7 Airgas, Inc.

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8 The Chemours Company

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9 GTS SPA

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10 Harp International Ltd.

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11 Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8 RESEARCH METHODOLOGY

8.1 Market Introduction

8.1.1 Market Definition

8.1.2 Market Scope & Segmentation

8.2 Information Procurement

8.2.1 Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2 Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3 Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4 Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3 Market Estimation

8.3.1 Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2 Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4 Data Triangulation

8.4.1 Data Collection

8.4.2 Time Series, Cross Sectional & Panel Data Analysis

8.4.3 Cluster Analysis

8.5 Analysis and Output

8.5.1 Inhouse AI Based Real Time Analytics Tool

8.5.2 Output From Desk & Primary Research

8.6 Research Assumptions & Limitations

8.6.1 Research Assumptions

8.6.2 Research Limitations

LIST OF TABLES

1 Global Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

2 Inorganics Market, By Region, 2020-2028 (USD Mllion)

3 Hydrocarbons Market, By Region, 2020-2028 (USD Mllion)

4 Fluorocarbons Market, By Region, 2020-2028 (USD Mllion)

5 Global Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

6 Industrial Refrigeration Market, By Region, 2020-2028 (USD Mllion)

7 Mobile Air-conditioning Market, By Region, 2020-2028 (USD Mllion)

8 Commercial Refrigeration Market, By Region, 2020-2028 (USD Mllion)

9 Stationary Air-conditioning Market, By Region, 2020-2028 (USD Mllion)

10 Domestic Refrigeration Market, By Region, 2020-2028 (USD Mllion)

11 Others Market, By Region, 2020-2028 (USD Mllion)

12 Regional Analysis, 2020-2028 (USD Mllion)

13 North America Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

14 North America Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

15 U.S. Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

16 U.S. Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

17 Canada Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

18 Canada Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

19 Mexico Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

20 Mexico Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

21 Europe Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

22 Europe Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

23 Germany Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

24 Germany Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

25 U.K. Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

26 U.K. Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

27 France Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

28 France Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

29 Italy Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

30 Italy Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

31 Spain Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

32 Spain Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

33 Netherlands Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

34 Netherlands Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

35 Rest Of Europe Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

36 Rest Of Europe Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

37 Asia Pacific Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

38 Asia Pacific Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

39 China Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

40 China Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

41 Japan Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

42 Japan Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

43 India Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

44 India Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

45 South Korea Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

46 South Korea Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

47 Singapore Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

48 Singapore Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

49 Thailand Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

50 Thailand Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

51 Malaysia Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

52 Malaysia Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

53 Indonesia Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

54 Indonesia Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

55 Vietnam Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

56 Vietnam Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

57 Taiwan Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

58 Taiwan Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

59 Rest of APAC Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

60 Rest of APAC Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

61 Middle East and Africa Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

62 Middle East and Africa Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

63 Saudi Arabia Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

64 Saudi Arabia Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

65 UAE Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

66 UAE Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

67 Israel Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

68 Israel Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

69 South Africa Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

70 South Africa Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

71 Rest Of Middle East and Africa Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

72 Rest Of Middle East and Africa Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

73 Central & South America Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

74 Central & South America Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

75 Brazil Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

76 Brazil Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

77 Chile Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

78 Chile Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

79 Argentina Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

80 Argentina Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

81 Rest Of Central & South America Low GWP Refrigerants Market, By Type, 2020-2028 (USD Mllion)

82 Rest Of Central & South America Low GWP Refrigerants Market, By Application, 2020-2028 (USD Mllion)

83 Honeywell International Inc.: Products & Services Offering

84 DAIKIN INDUSTRIES, Ltd.: Products & Services Offering

85 Linde plc: Products & Services Offering

86 Sinochem Group: Products & Services Offering

87 Engas Australasia: Products & Services Offering

88 Arkema: Products & Services Offering

89 Airgas, Inc. : Products & Services Offering

90 The Chemours Company: Products & Services Offering

91 GTS SPA, Inc: Products & Services Offering

92 Harp International Ltd.: Products & Services Offering

93 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Low GWP Refrigerants Market Overview

2 Global Low GWP Refrigerants Market Value From 2020-2028 (USD Mllion)

3 Global Low GWP Refrigerants Market Share, By Type (2022)

4 Global Low GWP Refrigerants Market Share, By Application (2022)

5 Global Low GWP Refrigerants Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Low GWP Refrigerants Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Low GWP Refrigerants Market

10 Impact Of Challenges On The Global Low GWP Refrigerants Market

11 Porter’s Five Forces Analysis

12 Global Low GWP Refrigerants Market: By Type Scope Key Takeaways

13 Global Low GWP Refrigerants Market, By Type Segment: Revenue Growth Analysis

14 Inorganics Market, By Region, 2020-2028 (USD Mllion)

15 Hydrocarbons Market, By Region, 2020-2028 (USD Mllion)

16 Fluorocarbons Market, By Region, 2020-2028 (USD Mllion)

17 Global Low GWP Refrigerants Market: By Application Scope Key Takeaways

18 Global Low GWP Refrigerants Market, By Application Segment: Revenue Growth Analysis

19 Industrial Refrigeration Market, By Region, 2020-2028 (USD Mllion)

20 Mobile Air-conditioning Market, By Region, 2020-2028 (USD Mllion)

21 Commercial Refrigeration Market, By Region, 2020-2028 (USD Mllion)

22 Stationary Air-conditioning Market, By Region, 2020-2028 (USD Mllion)

23 Domestic Refrigeration Market, By Region, 2020-2028 (USD Mllion)

24 Others Market, By Region, 2020-2028 (USD Mllion)

25 Regional Segment: Revenue Growth Analysis

26 Global Low GWP Refrigerants Market: Regional Analysis

27 North America Low GWP Refrigerants Market Overview

28 North America Low GWP Refrigerants Market, By Type

29 North America Low GWP Refrigerants Market, By Application

30 North America Low GWP Refrigerants Market, By Country

31 U.S. Low GWP Refrigerants Market, By Type

32 U.S. Low GWP Refrigerants Market, By Application

33 Canada Low GWP Refrigerants Market, By Type

34 Canada Low GWP Refrigerants Market, By Application

35 Mexico Low GWP Refrigerants Market, By Type

36 Mexico Low GWP Refrigerants Market, By Application

37 Four Quadrant Positioning Matrix

38 Company Market Share Analysis

39 Honeywell International Inc.: Company Snapshot

40 Honeywell International Inc.: SWOT Analysis

41 Honeywell International Inc.: Geographic Presence

42 DAIKIN INDUSTRIES, Ltd.: Company Snapshot

43 DAIKIN INDUSTRIES, Ltd.: SWOT Analysis

44 DAIKIN INDUSTRIES, Ltd.: Geographic Presence

45 Linde plc: Company Snapshot

46 Linde plc: SWOT Analysis

47 Linde plc: Geographic Presence

48 Sinochem Group: Company Snapshot

49 Sinochem Group: Swot Analysis

50 Sinochem Group: Geographic Presence

51 Engas Australasia: Company Snapshot

52 Engas Australasia: SWOT Analysis

53 Engas Australasia: Geographic Presence

54 Arkema: Company Snapshot

55 Arkema: SWOT Analysis

56 Arkema: Geographic Presence

57 Airgas, Inc. : Company Snapshot

58 Airgas, Inc. : SWOT Analysis

59 Airgas, Inc. : Geographic Presence

60 The Chemours Company: Company Snapshot

61 The Chemours Company: SWOT Analysis

62 The Chemours Company: Geographic Presence

63 GTS SPA, Inc.: Company Snapshot

64 GTS SPA, Inc.: SWOT Analysis

65 GTS SPA, Inc.: Geographic Presence

66 Harp International Ltd.: Company Snapshot

67 Harp International Ltd.: SWOT Analysis

68 Harp International Ltd.: Geographic Presence

69 Other Companies: Company Snapshot

70 Other Companies: SWOT Analysis

71 Other Companies: Geographic Presence

The Global Low GWP Refrigerants Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Low GWP Refrigerants Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global low GWP refrigerants market?

The global low GWP refrigerants market is expected to grow at a CAGR of 11.7% from 2023 to 2028.

Who are the major vendors in the global low GWP refrigerants market?

The key players operating in the market are Honeywell International Inc., DAIKIN INDUSTRIES, Ltd., Linde plc, Sinochem Group, engas Australasia, Arkema, Airgas, Inc., The Chemours Company, GTS SPA, Harp International Ltd., Tazzetti S.p.A., and A-Gas among others.

What are the opportunities prevailing in the global low GWP refrigerants market?

The global low GWP refrigerants market is expected to gain growth opportunities due to stringent environmental regulations, growing demand for sustainable cooling solutions, and technological advancements and innovation.

What are the major drivers for the global low GWP refrigerants market growth?

Stricter environmental regulations, phasing out high GWP refrigerants, and rising demand for energy-efficient cooling systems drive low GWP refrigerants market growth.