Global CO2-based Refrigerant Market Growth 2025-2031
Description
The global CO2-based Refrigerant market size is predicted to grow from US$ 760 million in 2025 to US$ 1478 million in 2031; it is expected to grow at a CAGR of 11.7% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
CO₂-based refrigerants, commonly referred to as R‑744, are natural and environmentally friendly refrigerants that use carbon dioxide as the working fluid. Non-toxic, non-flammable, odorless, and chemically stable, CO₂ has an ozone depletion potential of zero and a global warming potential close to one, making it highly sustainable. Due to its low critical temperature and high operating pressure, CO₂ refrigerants are mainly used in transcritical systems, offering benefits like high volumetric cooling capacity, efficient heat exchange, and compact system design.
United States market for CO2-based Refrigerant is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for CO2-based Refrigerant is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for CO2-based Refrigerant is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key CO2-based Refrigerant players cover Linde Gas, Air Products, Air Liquide, Messer, Praxair, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “CO2-based Refrigerant Industry Forecast” looks at past sales and reviews total world CO2-based Refrigerant sales in 2024, providing a comprehensive analysis by region and market sector of projected CO2-based Refrigerant sales for 2025 through 2031. With CO2-based Refrigerant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world CO2-based Refrigerant industry.
This Insight Report provides a comprehensive analysis of the global CO2-based Refrigerant landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on CO2-based Refrigerant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global CO2-based Refrigerant market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for CO2-based Refrigerant and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global CO2-based Refrigerant.
This report presents a comprehensive overview, market shares, and growth opportunities of CO2-based Refrigerant market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
＞99.5%
＞99.9%
Segmentation by Application:
Refrigerator & Freezer
Air Conditioner
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Linde Gas
Air Products
Air Liquide
Messer
Praxair
Taiyo Nippon Sanso
Showa Denko
Juhua Group
Sinochem Lantian
Jinhong Gas
Huate Gas
SOL Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global CO2-based Refrigerant market?
What factors are driving CO2-based Refrigerant market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do CO2-based Refrigerant market opportunities vary by end market size?
How does CO2-based Refrigerant break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
CO₂-based refrigerants, commonly referred to as R‑744, are natural and environmentally friendly refrigerants that use carbon dioxide as the working fluid. Non-toxic, non-flammable, odorless, and chemically stable, CO₂ has an ozone depletion potential of zero and a global warming potential close to one, making it highly sustainable. Due to its low critical temperature and high operating pressure, CO₂ refrigerants are mainly used in transcritical systems, offering benefits like high volumetric cooling capacity, efficient heat exchange, and compact system design.
United States market for CO2-based Refrigerant is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for CO2-based Refrigerant is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for CO2-based Refrigerant is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key CO2-based Refrigerant players cover Linde Gas, Air Products, Air Liquide, Messer, Praxair, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “CO2-based Refrigerant Industry Forecast” looks at past sales and reviews total world CO2-based Refrigerant sales in 2024, providing a comprehensive analysis by region and market sector of projected CO2-based Refrigerant sales for 2025 through 2031. With CO2-based Refrigerant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world CO2-based Refrigerant industry.
This Insight Report provides a comprehensive analysis of the global CO2-based Refrigerant landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on CO2-based Refrigerant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global CO2-based Refrigerant market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for CO2-based Refrigerant and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global CO2-based Refrigerant.
This report presents a comprehensive overview, market shares, and growth opportunities of CO2-based Refrigerant market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
＞99.5%
＞99.9%
Segmentation by Application:
Refrigerator & Freezer
Air Conditioner
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Linde Gas
Air Products
Air Liquide
Messer
Praxair
Taiyo Nippon Sanso
Showa Denko
Juhua Group
Sinochem Lantian
Jinhong Gas
Huate Gas
SOL Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global CO2-based Refrigerant market?
What factors are driving CO2-based Refrigerant market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do CO2-based Refrigerant market opportunities vary by end market size?
How does CO2-based Refrigerant break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
109 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for CO2-based Refrigerant by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for CO2-based Refrigerant by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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