Boston, Sept. 25, 2025 (GLOBE NEWSWIRE) — According to the latest study from BCC Research, “Refrigerants: Global Markets” is projected to increase from $27.2 billion in 2025 to $36.7 billion by the end of 2030, at a compound annual growth rate (CAGR) of 6.2% from 2025 through 2030.
This report provides a detailed analysis of the global refrigerant market, examining technological advances, economic factors, and business dynamics. It segments the market by refrigerant type (synthetic and natural), application (AC systems, refrigeration, mobile AC, and chillers), and region (North America, Europe, Asia-Pacific, South America, and MEA). The report also explores supply chain structures, market drivers, regulatory frameworks, ESG developments, and profiles of leading manufacturers, offering insights into current trends and emerging opportunities in the refrigerant industry.
This report is especially relevant now as the HVAC and refrigeration sectors face increasing regulatory pressure to transition from high-global-warming-potential (GWP) refrigerants to more sustainable alternatives. With growing emphasis on environmental standards, newer refrigerants such as hydrofluoroolefins (HFOs) and natural options such as ammonia, CO₂, and propane are gaining traction due to their potential for low ozone depletion. These changes are driving innovation across the pharmaceutical, transportation, and food and beverage industries, where efficient and eco-friendly cooling solutions are critical.
The factors driving the market’s growth include:
Refrigeration and AC Demand: The global rise in urbanization and temperatures is driving demand for refrigeration and air conditioning systems. These are essential for homes, businesses, and industries, especially in food storage and logistics. New technologies and eco-friendly systems are also boosting the use of modern refrigerants.
Pharmaceutical Industry Needs: Pharmaceuticals require strict temperature control for storage and transport, especially for vaccines and biologics. As healthcare expands and regulations tighten, the need for reliable refrigeration systems using advanced refrigerants continues to grow.
Automotive Applications: Vehicles use refrigerants in air conditioning and thermal management systems, especially electric vehicles (EVs) that need battery cooling. With rising EV production and a shift toward greener technologies, the demand for efficient and low-impact refrigerants is increasing.
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Report Synopsis
| Report Metric | Details |
| Base year considered | 2024 |
| Forecast period considered | 2025-2030 |