냉매 시장 : 세계 산업 규모, 점유율, 동향, 기회, 예측 - 유형별, 용도별, 지역별, 경쟁별 부문(2020-2030F)

Global Refrigerant Market was valued at USD 6.13 billion in 2024 and is expected to reach USD 8.29 Billion by 2030 with a CAGR of 5.33%. Refrigerants are specialized fluid mixtures used in refrigeration and heat pump cycles, where they serve as coolants by absorbing and releasing heat during phase changes between liquid and gas states. Selected for their high latent heat of vaporization, non-corrosive nature, and optimal density in both liquid and gas forms, refrigerants play a vital role in temperature regulation across various applications. Common types include chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), hydrofluorocarbons (HFCs), and other inorganic compounds, each tailored for specific systems and environmental regulations.

The global refrigerant market is experiencing strong growth, primarily driven by the increasing demand for air conditioning systems across residential, commercial, and industrial sectors. Rising urbanization, lifestyle improvements, and global warming have intensified the need for effective cooling systems, particularly in developing nations. The surge in automobile production, especially vehicles equipped with advanced air conditioning systems, has further contributed to market expansion. The ongoing shift toward electric vehicles (EVs) also plays a key role, as these vehicles require specialized thermal management solutions, often relying heavily on refrigerants. India's Heating, Ventilation, and Air-Conditioning (HVAC) industry, valued at USD 7.8 billion in 2021, is projected to reach USD 30 billion by 2030, driven by rising demand for cooling solutions in the residential sector and the urgent need to develop energy-efficient systems in alignment with the country's net zero emissions target by 2070. This rapid growth in HVAC infrastructure is expected to significantly boost the demand for refrigerants, which are critical components in air conditioning and refrigeration systems, thereby supporting the expansion of the refrigerant market in India.

The commercial infrastructure boom, including the rapid proliferation of shopping malls, office complexes, and healthcare facilities, has significantly increased the deployment of heating, ventilation, and air conditioning (HVAC) systems, where refrigerants are integral to system efficiency. The food and beverage industry particularly the frozen and organic segments has seen growing demand for cold storage and transport solutions, boosting refrigerant consumption. In countries like India, rising per capita income, health consciousness, and changing dietary habits have led to increased consumption of frozen vegetables, dairy products, baby food, and confectionery, further driving market growth.

Technological advancements in refrigeration systems and a growing focus on environmentally friendly refrigerants due to stricter regulations are also shaping the market landscape. As demand for packaged frozen foods and climate-controlled environments grows worldwide, the refrigerant market is poised for substantial growth, supported by infrastructure development and increasing energy efficiency requirements.

Key Market Drivers

Growing Demand of Refrigerant in Pharmaceutical Industry

The growing demand for refrigerants in the pharmaceutical industry is significantly contributing to the expansion of the global refrigerant market. The pharmaceutical sector relies heavily on precise temperature control throughout various stages of drug development, manufacturing, storage, and distribution. Many life-saving drugs, vaccines, biologics, and other temperature-sensitive formulations require cold chain logistics to maintain their efficacy and safety. Refrigerants are essential in enabling the effective functioning of cold storage units, freezers, refrigerators, and climate-controlled transport vehicles used in this supply chain. India's pharmaceutical market, currently valued at approximately USD 55 billion, is projected to grow significantly, reaching between USD 120-130 billion by 2030 and potentially approaching USD 450 billion by 2047. This anticipated 2.2 to 2.4 times expansion over the next decade highlights the sector's robust growth trajectory. Globally, the pharmaceutical industry is valued at around USD 1.6 trillion, with India contributing 3% to 3.5% of this total. The expanding scale of pharmaceutical manufacturing and distribution particularly in temperature-sensitive products like biologics, vaccines, and injectables is expected to significantly drive global demand for refrigerants, which are essential for maintaining cold chain integrity across this rapidly growing sector.

One of the primary factors driving refrigerant usage in the pharmaceutical sector is the rising demand for vaccines and biologic drugs, many of which must be stored at ultra-low temperatures, often between -20°C to -80°C. The global COVID-19 pandemic underscored the critical role of refrigeration systems in pharmaceutical distribution. As a result, pharmaceutical companies and logistics providers are increasingly investing in advanced refrigeration technologies, leading to a parallel rise in demand for efficient and environmentally compliant refrigerants. The rising prevalence of chronic diseases and the increasing consumption of over-the-counter (OTC) drugs and injectables are fueling the expansion of pharmaceutical cold storage infrastructure globally. With regulatory bodies like the World Health Organization (WHO) and national agencies enforcing stringent guidelines for Good Storage Practices (GSP) and Good Distribution Practices (GDP), pharmaceutical companies are compelled to maintain robust temperature control systems throughout their supply chains systems that are heavily dependent on high-performance refrigerants. The global prevalence of Chronic Obstructive Pulmonary Disease (COPD) is projected to reach approximately 600 million cases by 2050, reflecting a 23% increase compared to 2020 levels. This substantial growth is expected to be most pronounced among females and within low- and middle-income countries, where rising pollution, smoking rates, and limited access to early diagnosis and treatment are contributing factors. This escalating health burden is expected to drive increased demand for pharmaceutical products and cold chain logistics, particularly for temperature-sensitive respiratory therapies, thereby fueling the global refrigerant market used in medical cold storage and distribution systems.

The expansion of pharmaceutical manufacturing hubs in emerging economies such as India, Brazil, and China also adds to this demand. These countries are not only key drug exporters but are also seeing rapid growth in their domestic healthcare and pharmaceutical markets, leading to greater investments in temperature-controlled storage and distribution infrastructure. The increasing adoption of green and energy-efficient refrigerants in compliance with environmental regulations is shaping new trends in pharmaceutical refrigeration. Overall, the sector's need for reliability, safety, and regulatory compliance is accelerating the use of refrigerants, making the pharmaceutical industry a critical demand driver in the global refrigerant market.

Key Market Challenges

Flammability and Safety Concerns

The global refrigerants market is undergoing a transformative shift driven by environmental considerations and regulatory changes. As the industry transitions to more environmentally friendly options, one of the significant challenges that manufacturers and stakeholders face is the flammability and safety concerns associated with some alternative refrigerants. While traditional synthetic refrigerants like hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) are non-flammable, many of the alternatives, including natural refrigerants and hydrocarbon-based refrigerants, possess varying degrees of flammability. Leakages, improper installation, or equipment malfunctions can potentially lead to flammable gas concentrations in confined spaces, increasing the risk of fire or explosion.

The utilization of flammable refrigerants requires adjustments to equipment, components, and system designs to guarantee safe operation. Incorporating these refrigerants into existing systems or designing new ones to accommodate them introduces intricacy and incurs additional costs to the process. The safe handling and maintenance of systems using flammable refrigerants require specialized training and expertise. Technicians and operators must be well-versed in the characteristics of these refrigerants, proper procedures, and safety precautions.

Key Market Trends

Growing Demand for Natural Refrigerants

The refrigerants market is currently experiencing a significant transformation, driven by the increasing demand for natural refrigerants. These environmentally friendly alternatives offer a sustainable solution to synthetic refrigerants with high global warming potential (GWP). Natural refrigerants, such as carbon dioxide (CO2 or R-744), ammonia (NH3 or R-717), hydrocarbons (HCs), and water, are naturally occurring substances that can be utilized for cooling purposes in refrigeration and air conditioning systems. Their low or zero GWP makes them a viable choice for mitigating the environmental impact associated with traditional synthetic refrigerants. The demand for natural refrigerants is primarily fueled by the urgent need to address the environmental consequences of synthetic refrigerants, particularly hydrofluorocarbons (HFCs), which have a high GWP and contribute significantly to global warming. In contrast, natural refrigerants have minimal to no impact on the environment, making them an effective solution to combat climate change. Strict regulations and international agreements, such as the Kigali Amendment to the Montreal Protocol, are driving global efforts to phase out high-GWP synthetic refrigerants. Industries are thus actively seeking alternative refrigerants with lower GWP to ensure compliance with evolving regulations.

In addition to their environmental benefits, natural refrigerants offer excellent thermodynamic properties that can result in more energy-efficient cooling systems. Technological advancements and improved engineering practices have made it increasingly feasible to use natural refrigerants in a wider range of applications. Innovations in system design, component materials, and safety measures have further contributed to the expanded adoption of natural refrigerants.

Key Market Players

• Honeywell International Inc.
• Daikin Industries Ltd
• Arkema S.A.
• Dongyue Group
• The Chemours Company
• Mexichem SAB de CV
• Sinochem Group
• Linde Group
• SRF Limited
• Gujarat Fluorochemicals Limited

Report Scope:

In this report, the Global Refrigerant Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Refrigerant Market, By Type:

• Fluorocarbons
• Hydrocarbons
• Inorganic Refrigerants
• Others

Refrigerant Market, By Application:

• Refrigeration System
• Chillers
• Air Conditioning Systems
• Others

Refrigerant Market, By region:

• North America
  • United States
  • Canada
  • Mexico
• Asia-Pacific
  • China
  • India
  • South Korea
  • Australia
  • Japan
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Italy
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Refrigerant Market.

Available Customizations:

Global Refrigerant Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Disruptions: Conflicts, Pandemics, and Trade Barriers

5. Global Refrigerant Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value & Volume
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Fluorocarbons, Hydrocarbons, Inorganic Refrigerants, Others)
  • 5.2.2. By Application (Refrigeration System, Chillers, Air Conditioning Systems, Others)
  • 5.2.3. By Company (2024)
  • 5.2.4. By Region
• 5.3. Product Market Map

6. North America Refrigerant Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value & Volume
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Application
  • 6.2.3. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Refrigerant Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value & Volume
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Application
  • 6.3.2. Mexico Refrigerant Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value & Volume
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Application
  • 6.3.3. Canada Refrigerant Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value & Volume
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Application

7. Europe Refrigerant Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value & Volume
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Application
  • 7.2.3. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. France Refrigerant Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value & Volume
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Application
  • 7.3.2. Germany Refrigerant Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value & Volume
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Application
  • 7.3.3. United Kingdom Refrigerant Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value & Volume
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Application
  • 7.3.4. Italy Refrigerant Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value & Volume
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Application
  • 7.3.5. Spain Refrigerant Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value & Volume
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Application

8. Asia-Pacific Refrigerant Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value & Volume
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Application
  • 8.2.3. By Country
• 8.3. Asia-Pacific: Country Analysis
  • 8.3.1. China Refrigerant Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value & Volume
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Application
  • 8.3.2. India Refrigerant Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value & Volume
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Application
  • 8.3.3. South Korea Refrigerant Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value & Volume
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Application
  • 8.3.4. Japan Refrigerant Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value & Volume
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Application
  • 8.3.5. Australia Refrigerant Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value & Volume
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Application

9. South America Refrigerant Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value & Volume
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Application
  • 9.2.3. By Country
• 9.3. South America: Country Analysis
  • 9.3.1. Brazil Refrigerant Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value & Volume
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Application
  • 9.3.2. Argentina Refrigerant Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value & Volume
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Application
  • 9.3.3. Colombia Refrigerant Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value & Volume
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Application

10. Middle East and Africa Refrigerant Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1.By Value & Volume
• 10.2. Market Share & Forecast
  • 10.2.1.By Type
  • 10.2.2.By Application
  • 10.2.3.By Country
• 10.3. MEA: Country Analysis
  • 10.3.1.South Africa Refrigerant Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value & Volume
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Application
  • 10.3.2.Saudi Arabia Refrigerant Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value & Volume
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Application
  • 10.3.3.UAE Refrigerant Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value & Volume
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Application

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Recent Developments
• 12.2. Product Launches
• 12.3. Mergers & Acquisitions

13. PESTLE Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Product

15. Competitive Landscape

• 15.1. Honeywell International Inc
  • 15.1.1.Business Overview
  • 15.1.2.Company Snapshot
  • 15.1.3.Products & Services
  • 15.1.4.Financials (In case of listed companies)
  • 15.1.5.Recent Developments
  • 15.1.6.SWOT Analysis
• 15.2. Daikin Industries Ltd
• 15.3. Arkema S.A.
• 15.4. Dongyue Group
• 15.5. The Chemours Company
• 15.6. Mexichem SAB de CV
• 15.7. Sinochem Group
• 15.8. Linde Group
• 15.9. SRF Limited
• 15.10. Gujarat Fluorochemicals Limited

16. Strategic Recommendations

17. About Us & Disclaimer