Report cover image

Global R404 Refrigerant Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Sep 25, 2025
Length 139 Pages
SKU # BOSS20443172

Description

Report Overview

R404 refrigerant is a hydrofluorocarbon (HFC) blend widely used in commercial refrigeration systems, including supermarkets, cold storage facilities, and transport refrigeration, due to its low-temperature performance and energy efficiency. The market for R404 is heavily influenced by environmental regulations, particularly the global phase-down of HFCs under the Kigali Amendment to the Montreal Protocol, as well as regional policies like the EU F-Gas Regulation and the U.S. EPA SNAP program, which restrict its use in favor of lower-GWP alternatives. Despite declining demand in developed markets transitioning to eco-friendly refrigerants like R448A and R449A, R404 remains prevalent in regions with slower regulatory adoption, particularly in developing economies where cost and availability drive its continued use. Additionally, the aftermarket for reclaimed R404 is growing as supply constraints and rising prices encourage recycling. Key industry players are investing in next-generation refrigerants, while service providers and equipment manufacturers face challenges in retrofitting existing systems. The market is projected to shrink gradually but will persist in niche applications until viable, cost-effective alternatives fully penetrate the market.

The global R404 Refrigerant market size was estimated at USD 1235.92 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.50% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global R404 Refrigerant market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global R404 Refrigerant market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the R404 Refrigerant market.

Global R404 Refrigerant Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

AGC Chemical

Danfoss

Linde Gas

Honeywell

A-Gas

Chemours

Zhejiang Sanmei Chemical

JinHua Slihe Chemical

Zhejiang Juhua

Zhejiang BingEr New Type Refrigerant

Market Segmentation (by Type)

Purity 99%

Purity 99.5%

Other

Market Segmentation (by Application)

Commercial

Industrial

Other

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the R404 Refrigerant Market

Overview of the regional outlook of the R404 Refrigerant Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the R404 Refrigerant Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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, and capacity of each country in the world.

Chapter 9 shares the main producing countries of R404 Refrigerant, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

139 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of R404 Refrigerant
1.2 Key Market Segments
1.2.1 R404 Refrigerant Segment by Type
1.2.2 R404 Refrigerant Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 R404 Refrigerant Market Overview
2.1 Global Market Overview
2.1.1 Global R404 Refrigerant Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global R404 Refrigerant Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 R404 Refrigerant Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global R404 Refrigerant Product Life Cycle
3.3 Global R404 Refrigerant Sales by Manufacturers (2020-2025)
3.4 Global R404 Refrigerant Revenue Market Share by Manufacturers (2020-2025)
3.5 R404 Refrigerant Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global R404 Refrigerant Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 R404 Refrigerant Market Competitive Situation and Trends
3.8.1 R404 Refrigerant Market Concentration Rate
3.8.2 Global 5 and 10 Largest R404 Refrigerant Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 R404 Refrigerant Industry Chain Analysis
4.1 R404 Refrigerant Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of R404 Refrigerant Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global R404 Refrigerant Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to R404 Refrigerant Market
5.7 ESG Ratings of Leading Companies
6 R404 Refrigerant Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global R404 Refrigerant Sales Market Share by Type (2020-2025)
6.3 Global R404 Refrigerant Market Size Market Share by Type (2020-2025)
6.4 Global R404 Refrigerant Price by Type (2020-2025)
7 R404 Refrigerant Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global R404 Refrigerant Market Sales by Application (2020-2025)
7.3 Global R404 Refrigerant Market Size (M USD) by Application (2020-2025)
7.4 Global R404 Refrigerant Sales Growth Rate by Application (2020-2025)
8 R404 Refrigerant Market Sales by Region
8.1 Global R404 Refrigerant Sales by Region
8.1.1 Global R404 Refrigerant Sales by Region
8.1.2 Global R404 Refrigerant Sales Market Share by Region
8.2 Global R404 Refrigerant Market Size by Region
8.2.1 Global R404 Refrigerant Market Size by Region
8.2.2 Global R404 Refrigerant Market Size Market Share by Region
8.3 North America
8.3.1 North America R404 Refrigerant Sales by Country
8.3.2 North America R404 Refrigerant Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe R404 Refrigerant Sales by Country
8.4.2 Europe R404 Refrigerant Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific R404 Refrigerant Sales by Region
8.5.2 Asia Pacific R404 Refrigerant Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America R404 Refrigerant Sales by Country
8.6.2 South America R404 Refrigerant Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa R404 Refrigerant Sales by Region
8.7.2 Middle East and Africa R404 Refrigerant Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 R404 Refrigerant Market Production by Region
9.1 Global Production of R404 Refrigerant by Region(2020-2025)
9.2 Global R404 Refrigerant Revenue Market Share by Region (2020-2025)
9.3 Global R404 Refrigerant Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America R404 Refrigerant Production
9.4.1 North America R404 Refrigerant Production Growth Rate (2020-2025)
9.4.2 North America R404 Refrigerant Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe R404 Refrigerant Production
9.5.1 Europe R404 Refrigerant Production Growth Rate (2020-2025)
9.5.2 Europe R404 Refrigerant Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan R404 Refrigerant Production (2020-2025)
9.6.1 Japan R404 Refrigerant Production Growth Rate (2020-2025)
9.6.2 Japan R404 Refrigerant Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China R404 Refrigerant Production (2020-2025)
9.7.1 China R404 Refrigerant Production Growth Rate (2020-2025)
9.7.2 China R404 Refrigerant Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 AGC Chemical
10.1.1 AGC Chemical Basic Information
10.1.2 AGC Chemical R404 Refrigerant Product Overview
10.1.3 AGC Chemical R404 Refrigerant Product Market Performance
10.1.4 AGC Chemical Business Overview
10.1.5 AGC Chemical SWOT Analysis
10.1.6 AGC Chemical Recent Developments
10.2 Danfoss
10.2.1 Danfoss Basic Information
10.2.2 Danfoss R404 Refrigerant Product Overview
10.2.3 Danfoss R404 Refrigerant Product Market Performance
10.2.4 Danfoss Business Overview
10.2.5 Danfoss SWOT Analysis
10.2.6 Danfoss Recent Developments
10.3 Linde Gas
10.3.1 Linde Gas Basic Information
10.3.2 Linde Gas R404 Refrigerant Product Overview
10.3.3 Linde Gas R404 Refrigerant Product Market Performance
10.3.4 Linde Gas Business Overview
10.3.5 Linde Gas SWOT Analysis
10.3.6 Linde Gas Recent Developments
10.4 Honeywell
10.4.1 Honeywell Basic Information
10.4.2 Honeywell R404 Refrigerant Product Overview
10.4.3 Honeywell R404 Refrigerant Product Market Performance
10.4.4 Honeywell Business Overview
10.4.5 Honeywell Recent Developments
10.5 A-Gas
10.5.1 A-Gas Basic Information
10.5.2 A-Gas R404 Refrigerant Product Overview
10.5.3 A-Gas R404 Refrigerant Product Market Performance
10.5.4 A-Gas Business Overview
10.5.5 A-Gas Recent Developments
10.6 Chemours
10.6.1 Chemours Basic Information
10.6.2 Chemours R404 Refrigerant Product Overview
10.6.3 Chemours R404 Refrigerant Product Market Performance
10.6.4 Chemours Business Overview
10.6.5 Chemours Recent Developments
10.7 Zhejiang Sanmei Chemical
10.7.1 Zhejiang Sanmei Chemical Basic Information
10.7.2 Zhejiang Sanmei Chemical R404 Refrigerant Product Overview
10.7.3 Zhejiang Sanmei Chemical R404 Refrigerant Product Market Performance
10.7.4 Zhejiang Sanmei Chemical Business Overview
10.7.5 Zhejiang Sanmei Chemical Recent Developments
10.8 JinHua Slihe Chemical
10.8.1 JinHua Slihe Chemical Basic Information
10.8.2 JinHua Slihe Chemical R404 Refrigerant Product Overview
10.8.3 JinHua Slihe Chemical R404 Refrigerant Product Market Performance
10.8.4 JinHua Slihe Chemical Business Overview
10.8.5 JinHua Slihe Chemical Recent Developments
10.9 Zhejiang Juhua
10.9.1 Zhejiang Juhua Basic Information
10.9.2 Zhejiang Juhua R404 Refrigerant Product Overview
10.9.3 Zhejiang Juhua R404 Refrigerant Product Market Performance
10.9.4 Zhejiang Juhua Business Overview
10.9.5 Zhejiang Juhua Recent Developments
10.10 Zhejiang BingEr New Type Refrigerant
10.10.1 Zhejiang BingEr New Type Refrigerant Basic Information
10.10.2 Zhejiang BingEr New Type Refrigerant R404 Refrigerant Product Overview
10.10.3 Zhejiang BingEr New Type Refrigerant R404 Refrigerant Product Market Performance
10.10.4 Zhejiang BingEr New Type Refrigerant Business Overview
10.10.5 Zhejiang BingEr New Type Refrigerant Recent Developments
11 R404 Refrigerant Market Forecast by Region
11.1 Global R404 Refrigerant Market Size Forecast
11.2 Global R404 Refrigerant Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe R404 Refrigerant Market Size Forecast by Country
11.2.3 Asia Pacific R404 Refrigerant Market Size Forecast by Region
11.2.4 South America R404 Refrigerant Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of R404 Refrigerant by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global R404 Refrigerant Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of R404 Refrigerant by Type (2026-2033)
12.1.2 Global R404 Refrigerant Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of R404 Refrigerant by Type (2026-2033)
12.2 Global R404 Refrigerant Market Forecast by Application (2026-2033)
12.2.1 Global R404 Refrigerant Sales (K MT) Forecast by Application
12.2.2 Global R404 Refrigerant Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings
How Do Licenses Work?
Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.