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Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Natural Refrigerants Market size is valued at US$ 1,563.2 million in 2023 and is expected to reach a value of US$ 3,412.8 million by 2030, growing at a CAGR of 11.8% from 2024-2030. The global market provides a detailed overview of the market and that can be segmented by type and application. By type, the natural refrigerants market has been segmented into ammonia, carbon dioxide, hydrocarbon and others. The carbon dioxide segment is likely to be the largest and fastest-growing segment in terms of type. Based on application, the market is segmented into industrial, commercial, domestic, stationary & mobile, and others. Among these, the industrial segment is expected to have the fastest-growing market during the forecast period 2023-2029.
Study Period
2024-2030Base Year
2023CAGR
11.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The market is positively impacted by various factors including the rise in consumer appliance sales around the world, the need for better maintenance of industrial equipment that needs a cold environment. Also, the expansion of different end-use industries, rapid urbanization, changes in lifestyle, high disposable income, and the existence of various compliances are other factors responsible for the market growth.
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period due to the substantial increase in the use of natural refrigerants in many end-use verticals. Europe is the region that produces the most in this market. Regional growth is aided by the development of the business sector and thriving automobile industry. Local companies have increased their production of natural refrigerants in response to the rising demand for air conditioners and refrigeration systems.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1,563.2 million |
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Market Size in 2030 |
US$ 3,412.8 million |
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Market CAGR |
11.8% |
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By Type |
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By Application |
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By Region |
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Download Free Sample Report
The global natural refrigerants market size was valued at US$ 1,563.2 million in 2023 and is projected to grow at a CAGR of 11.8% from 2024 to 2030
The major players in the global natural refrigerants market are The Linde Group, A-Gas, ternational, Hess Corporation, Shecco, Sinochem, Puyang Zhongwei Fine Chemical Co. Ltd., HyChill, Engas Australasia, Tazzetti SpA, Deepfreeze Refrigerants Inc., Shandong Yuan and Chemical Co. Ltd.
Asia Pacific is the fastest-growing region for natural refrigerants market
| 1. Executive Summary |
| 2. Global Natural Refrigerants Market Introduction |
| 2.1. Global Natural Refrigerants Market - Taxonomy |
| 2.2. Global Natural Refrigerants Market - Definitions |
| 2.2.1. Type |
| 2.2.2. Application |
| 2.2.3. Region |
| 3. Global Natural Refrigerants Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Natural Refrigerants Market Dynamic Factors - Impact Analysis |
| 3.6. Global Natural Refrigerants Market - Competition Landscape |
| 4. Global Natural Refrigerants Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Natural Refrigerants Market, By Type , 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1. Ammonia |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Carbon Dioxide |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Hydrocarbon |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Natural Refrigerants Market, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1. Industrial |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Commercial |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Domestic |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Stationary & Mobile |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Natural Refrigerants Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Natural Refrigerants Market - Opportunity Analysis Index, By Type, Application, and Region, 2024-2030 |
| 8. North America Natural Refrigerants Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1. By Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Ammonia |
| 8.1.2. Carbon Dioxide |
| 8.1.3. Hydrocarbon |
| 8.1.4. others |
| 8.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Industrial |
| 8.2.2. Commercial |
| 8.2.3. Domestic |
| 8.2.4. Stationary & Mobile |
| 8.2.5. Others |
| 8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Natural Refrigerants Market - Opportunity Analysis Index, By Type, Application, and Country, 2024-2030 |
| 8.5. North America Natural Refrigerants Market Dynamics - Trends |
| 9. Europe Natural Refrigerants Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Ammonia |
| 9.1.2. Carbon Dioxide |
| 9.1.3. Hydrocarbon |
| 9.1.4. others |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Industrial |
| 9.2.2. Commercial |
| 9.2.3. Domestic |
| 9.2.4. Stationary & Mobile |
| 9.2.5. Others |
| 9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Natural Refrigerants Market - Opportunity Analysis Index, By Type, Application, and Country, 2024-2030 |
| 9.5. Europe Natural Refrigerants Market Dynamics - Trends |
| 10. Asia-Pacific Natural Refrigerants Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Ammonia |
| 10.1.2. Carbon Dioxide |
| 10.1.3. Hydrocarbon |
| 10.1.4. others |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Industrial |
| 10.2.2. Commercial |
| 10.2.3. Domestic |
| 10.2.4. Stationary & Mobile |
| 10.2.5. Others |
| 10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Natural Refrigerants Market - Opportunity Analysis Index, By Type, Application, and Country, 2024-2030 |
| 10.5. Asia-Pacific Natural Refrigerants Market Dynamics - Trends |
| 11. Latin America Natural Refrigerants Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 11.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Ammonia |
| 11.1.2. Carbon Dioxide |
| 11.1.3. Hydrocarbon |
| 11.1.4. others |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Industrial |
| 11.2.2. Commercial |
| 11.2.3. Domestic |
| 11.2.4. Stationary & Mobile |
| 11.2.5. Others |
| 11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Natural Refrigerants Market - Opportunity Analysis Index, By Type , Application, and Country, 2024-2030 |
| 11.5. Latin America Natural Refrigerants Market Dynamics - Trends |
| 12. Middle East and Africa Natural Refrigerants Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 12.1. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Ammonia |
| 12.1.2. Carbon Dioxide |
| 12.1.3. Hydrocarbon |
| 12.1.4. others |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Industrial |
| 12.2.2. Commercial |
| 12.2.3. Domestic |
| 12.2.4. Stationary & Mobile |
| 12.2.5. Others |
| 12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Natural Refrigerants Market - Opportunity Analysis Index, By Type, Application, and Country, 2024-2030 |
| 12.5. MEA Natural Refrigerants Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Storage Type Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. The Linde Group |
| 13.2.2. A-Gas International |
| 13.2.3. Hess Corporation |
| 13.2.4. Shecco |
| 13.2.5. Sinochem |
| 13.2.6. Puyang Zhongwei Fine Chemical Co. Ltd. |
| 13.2.7. HyChill, Engas Australasia |
| 13.2.8. Tazzetti SpA |
| 13.2.9. Deepfreeze Refrigerants Inc. |
| 13.2.10. Shandong Yuan Chemical Co. Ltd. |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.