Global Third-generation Fluorinated Refrigerant Market Growth 2025-2031
Description
The global Third-generation Fluorinated Refrigerant market size is predicted to grow from US$ 9704 million in 2025 to US$ 89500 million in 2031; it is expected to grow at a CAGR of 44.8% from 2025 to 2031.
Refrigerant is the medium used to complete energy conversion in various heat engines, mainly fluorinated refrigerant. It can be divided into ammonia, nitrogen, fluorine-containing, water and hydrocarbons, among which fluorine refrigerants with excellent thermodynamic performance are the most common. The third generation of hydrofluorocarbon (HFCs) refrigerants are represented by HFC-32 (R32), HFC-134a (R134A), HFC-125 (R125) and HFC-410a (R410a). Their ODP is zero, which does not damage the ozone layer, but the GWP value is high, and the greenhouse effect is significant. Third-generation refrigerants are widely used abroad. At present, they are in the early stage of elimination in some developed countries. Some developing countries, including China, have entered the quota reference period (2020 - 2022). During this period, the production and sales of third-generation refrigerants will become the main reference index for future manufacturers to obtain quotas. The replacement process of refrigerants is slow. It takes 8-10 years from the beginning of using a refrigerant to the end of the refrigeration equipment. There is still a large demand for the third generation of fluorinated refrigerants.
After calculation, due to the growth of servers and other applications, as well as the reduction of second-generation refrigerants caused by quota agreements, it is expected that in the next 5 years (2023-2029), the CAGR of the third-generation fluorinated refrigerants will be 43.2%, and the market size will be $44348 million in 2029. However, the market will face a decline after 2029.
LP Information, Inc. (LPI) ' newest research report, the “Third-generation Fluorinated Refrigerant Industry Forecast” looks at past sales and reviews total world Third-generation Fluorinated Refrigerant sales in 2024, providing a comprehensive analysis by region and market sector of projected Third-generation Fluorinated Refrigerant sales for 2025 through 2031. With Third-generation Fluorinated Refrigerant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Third-generation Fluorinated Refrigerant industry.
This Insight Report provides a comprehensive analysis of the global Third-generation Fluorinated 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 Third-generation Fluorinated Refrigerant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Third-generation Fluorinated Refrigerant market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Third-generation Fluorinated 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 Third-generation Fluorinated Refrigerant.
This report presents a comprehensive overview, market shares, and growth opportunities of Third-generation Fluorinated Refrigerant market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
R125 Refrigerant
R134a Refrigerant
R32 Refrigerant
Other
Segmentation by Application:
Air Conditioner and Refrigerator
Automotive
Foaming Agent and Aerosol
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.
Chemours
Arkema
Daikin
Orbia Advance Corporation
Honeywell
Linde
Shandong Dongyue Organosilicon Materials Co.,Ltd.
Zhejiang Juhua Co.,Ltd.
Jiangsu Meilan Co.,Ltd.
Zhonghao Chenguang Co.,Ltd.
Zhejiang Sanmei Co.,Ltd.
Zhejiang Yonghe Refrigerant Co.,Ltd.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Third-generation Fluorinated Refrigerant market?
What factors are driving Third-generation Fluorinated Refrigerant market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Third-generation Fluorinated Refrigerant market opportunities vary by end market size?
How does Third-generation Fluorinated Refrigerant break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Refrigerant is the medium used to complete energy conversion in various heat engines, mainly fluorinated refrigerant. It can be divided into ammonia, nitrogen, fluorine-containing, water and hydrocarbons, among which fluorine refrigerants with excellent thermodynamic performance are the most common. The third generation of hydrofluorocarbon (HFCs) refrigerants are represented by HFC-32 (R32), HFC-134a (R134A), HFC-125 (R125) and HFC-410a (R410a). Their ODP is zero, which does not damage the ozone layer, but the GWP value is high, and the greenhouse effect is significant. Third-generation refrigerants are widely used abroad. At present, they are in the early stage of elimination in some developed countries. Some developing countries, including China, have entered the quota reference period (2020 - 2022). During this period, the production and sales of third-generation refrigerants will become the main reference index for future manufacturers to obtain quotas. The replacement process of refrigerants is slow. It takes 8-10 years from the beginning of using a refrigerant to the end of the refrigeration equipment. There is still a large demand for the third generation of fluorinated refrigerants.
After calculation, due to the growth of servers and other applications, as well as the reduction of second-generation refrigerants caused by quota agreements, it is expected that in the next 5 years (2023-2029), the CAGR of the third-generation fluorinated refrigerants will be 43.2%, and the market size will be $44348 million in 2029. However, the market will face a decline after 2029.
LP Information, Inc. (LPI) ' newest research report, the “Third-generation Fluorinated Refrigerant Industry Forecast” looks at past sales and reviews total world Third-generation Fluorinated Refrigerant sales in 2024, providing a comprehensive analysis by region and market sector of projected Third-generation Fluorinated Refrigerant sales for 2025 through 2031. With Third-generation Fluorinated Refrigerant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Third-generation Fluorinated Refrigerant industry.
This Insight Report provides a comprehensive analysis of the global Third-generation Fluorinated 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 Third-generation Fluorinated Refrigerant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Third-generation Fluorinated Refrigerant market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Third-generation Fluorinated 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 Third-generation Fluorinated Refrigerant.
This report presents a comprehensive overview, market shares, and growth opportunities of Third-generation Fluorinated Refrigerant market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
R125 Refrigerant
R134a Refrigerant
R32 Refrigerant
Other
Segmentation by Application:
Air Conditioner and Refrigerator
Automotive
Foaming Agent and Aerosol
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.
Chemours
Arkema
Daikin
Orbia Advance Corporation
Honeywell
Linde
Shandong Dongyue Organosilicon Materials Co.,Ltd.
Zhejiang Juhua Co.,Ltd.
Jiangsu Meilan Co.,Ltd.
Zhonghao Chenguang Co.,Ltd.
Zhejiang Sanmei Co.,Ltd.
Zhejiang Yonghe Refrigerant Co.,Ltd.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Third-generation Fluorinated Refrigerant market?
What factors are driving Third-generation Fluorinated Refrigerant market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Third-generation Fluorinated Refrigerant market opportunities vary by end market size?
How does Third-generation Fluorinated Refrigerant break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
108 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 Third-generation Fluorinated 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 Third-generation Fluorinated Refrigerant by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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