Natural Refrigerants Market

Natural refrigerants are natural substances that serve as refrigerants in refrigeration systems (including refrigerators, HVAC, and air conditioning). They are alternatives to hydrofluorocarbon (HFC), hydro chlorofluorocarbon (HCFC) and chlorofluorocarbon (CFC) based refrigerants. Unlike other refrigerants, they are not synthetic chemicals and can sometimes be found in nature. Natural refrigerants are chemicals which occur in nature's bio-chemical processes. They do not deplete the ozone layer and make a negligible - or zero in the case of R717 (ammonia) - contribution to global warming. The high efficiency of natural refrigerants also means that they make a lower indirect contribution to global warming. They are not only used due to environmental sustainability as some applications are better suited to a particular natural refrigerant.
Natural Refrigerants Market studies the global Natural Refrigerants market.
Natural Refrigerants Market aims to provide a comprehensive presentation of the global market for Natural Refrigerants, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Natural Refrigerants. Natural Refrigerants Market contains market size and forecasts of Natural Refrigerants in global, including the following market information:
Global Natural Refrigerants Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Natural Refrigerants Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Natural Refrigerants companies in 2022 (%)
The global Natural Refrigerants market was valued at US$ 1771.9 million in 2022 and is projected to reach US$ 3884.5 million by 2029, at a CAGR of 11.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Natural Refrigerants market include Linde Group, Puyang Zhongwei, Airgas, etc. The top 3 players occupy about 50% shares of the global market. Europe and North America are main markets, they occupy about 65% of the global market. Hydrocarbons (R-290, R-1270, R-600a, etc.) is the main type, with a share about 60%. Air Conditioning is the main application, which holds a share about 60%.
We surveyed the Natural Refrigerants manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Natural Refrigerants Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Natural Refrigerants Market Segment Percentages, by Type, 2022 (%)
Ammonia (R-717)
Hydrocarbons (R-290, R-1270, R-600a, etc.)
Carbon Dioxide (CO2) (R-744)
Global Natural Refrigerants Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Natural Refrigerants Market Segment Percentages, by Application, 2022 (%)
Refrigeration
Air Conditioning
Others
Global Natural Refrigerants Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Natural Refrigerants Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Natural Refrigerants revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Natural Refrigerants revenues share in global market, 2022 (%)
Key companies Natural Refrigerants sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Natural Refrigerants sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Linde Group
Puyang Zhongwei
Airgas
Sinochem
Shandong Yuean
Aeropres
A-Gas international
Tazzetti
Engas Australasia
Harp International
Hychill
GTS
Outline of Major Chapters:
Chapter 1: Introduces the definition of Natural Refrigerants, market overview.
Chapter 2: Global Natural Refrigerants market size in revenue and volume.
Chapter 3: Detailed analysis of Natural Refrigerants manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Natural Refrigerants in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Natural Refrigerants capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.