Low GWP Refrigerant Market

The market for Low Global Warming Potential (GWP) refrigerants is undergoing a significant transformation driven by stringent regulatory frameworks, environmental concerns, and technological advancements. As global awareness of climate change intensifies, regulations such as the Kigali Amendment to the Montreal Protocol and the European Union’s F-Gas Regulation are mandating reductions in the use of high-GWP refrigerants like HFCs, propelling the shift towards alternatives with lower GWP. This regulatory pressure is fostering a rapid adoption of low-GWP refrigerants across various sectors including commercial, industrial, and residential refrigeration. Among the prominent low-GWP alternatives are hydrofluoroolefins (HFOs), which, such as HFO-1234yf, offer significantly reduced GWP compared to traditional HFCs, and are increasingly used in automotive air conditioning and other applications. HFC replacements like R32 (Difluoromethane) and R-152a are also gaining prominence. R32, with a GWP of around 675, is a direct and efficient replacement for higher-GWP refrigerants like R410A in air conditioning systems, while R-152a, with a GWP of 138, is used in specific applications where lower environmental impact is crucial, despite its flammability. Additionally, natural refrigerants like carbon dioxide (CO2), ammonia (R-717), and hydrocarbons (e.g., propane R-290) are gaining traction due to their negligible or zero GWP and high efficiency, making them suitable for diverse applications from commercial refrigeration to industrial processes. Technological advancements are also playing a crucial role in facilitating this transition, with innovations improving the efficiency, safety, and applicability of low-GWP refrigerants. For example, new system designs and refrigerant blends are enhancing the performance of low-GWP options and addressing challenges such as high pressures or flammability. The market is experiencing robust growth, driven by both regulatory compliance and the pursuit of sustainability. This growth is further supported by increasing investment in research and development, aimed at optimizing the performance and expanding the applications of low-GWP refrigerants. As industries and governments align with more ambitious climate goals, the trend towards low-GWP refrigerants is expected to continue accelerating, reshaping the refrigeration and air conditioning landscape with a focus on reducing environmental impact and enhancing energy efficiency.

Natural refrigerants were the basis of the earliest refrigeration systems. However, as technology developed, they were replaced by artificial refrigerants. These synthetic refrigerants have properties suitable for different HVAC and refrigeration applications and overcome issues such as flammability, toxicity and corrosiveness. Synthetic refrigerants include chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), hydrofluorocarbons (HFCs) and hydrofluoroolefins (HFOs).

However, it was discovered that the benefits of synthetic refrigerants come at a cost. Chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) have high ozone depletion potential (ODP) values ​​and cause serious damage to the ozone layer. Their replacement, HFCs, have high global warming potential (GWP) values ​​and contribute to global warming and climate change.

Under the Montreal Protocol (and several subsequent amendments), several countries agreed to phase out CFCs and HCFCs and phase down HFCs. In the process of survival of the fittest, we are returning to natural refrigerants in full force. Natural refrigerants such as carbon dioxide (CO2), propane (C3H8), ammonia (NH3) and brine have no or very low global warming potential and ozone depletion potential, providing options for proven, future-proof, environmentally friendly refrigerants.

Global and regional regulations are the main drivers of the adoption of low GWP refrigerants. Agreements such as the Kigali Amendment to the Montreal Protocol, which require a global phase-down of HFCs, are driving countries to reduce their reliance on high GWP refrigerants. In the EU, the F-Gas Regulation strictly restricts the use of high GWP refrigerants, further accelerating this transition. Similar initiatives in the United States, Japan and other regions are driving the shift to more sustainable refrigerant solutions.

As concerns about climate change grow, industries are under increasing pressure to minimize their carbon footprint. Traditional HFC refrigerants contribute significantly to global warming due to their high GWP values. Switching to low-GWP alternatives such as HFOs, natural refrigerants (ammonia, CO2, hydrocarbons), and low-GWP HFCs (R32) can enable companies to significantly reduce greenhouse gas emissions.

Many low-GWP refrigerants, especially natural refrigerants and some HFOs, are highly energy efficient, which can save costs in the long run. This is particularly important for energy-intensive industries such as refrigeration and air conditioning. The ability to combine environmental benefits with energy savings is a strong incentive for companies to make the switch.

One of the main challenges of adopting low-GWP refrigerants is the need to retrofit or replace existing refrigeration systems. Many low-GWP refrigerants, such as CO2 (R-744) or ammonia (R-717), require different system designs due to higher operating pressures or safety issues such as toxicity and flammability. This can result in significant upfront costs for companies, especially in industries with large refrigeration infrastructure.

Some low-GWP refrigerants, especially natural refrigerants, present safety challenges. Ammonia (R-717) is toxic, CO2 (R-744) requires high-pressure systems, and hydrocarbons such as propane (R-290) and isobutane (R-600a) are flammable. The need to adhere to strict safety standards for handling, storage, and system design adds complexity and cost to the adoption of these refrigerants.

While low-GWP refrigerants generally offer long-term energy savings, the initial cost of adopting these technologies, either through new systems or retrofits, can be high. This financial barrier, especially for small and medium-sized enterprises, has slowed the widespread adoption of low-GWP refrigerants.

The use of natural refrigerants such as CO2, ammonia, and hydrocarbons is increasing due to their minimal environmental impact and regulatory compliance. For example, CO2 (R-744) is used in commercial refrigeration, especially in supermarkets, while ammonia (R-717) is widely used in industrial refrigeration. These refrigerants are sustainable in the long term and have zero or near-zero GWP.

Hydrofluoroolefins (HFOs) are increasingly being developed as replacements for high-GWP HFCs. HFOs, such as HFO-1234yf, are widely used in the automotive and HVAC industries due to their ultra-low GWP and similar performance characteristics to HFCs. In addition, HFC/HFO blends (e.g., R454B, R452A) are used to balance system compatibility and lower GWP values, providing transition solutions for industries that are not yet ready to fully switch to natural refrigerants.

The refrigeration and air conditioning industry is rapidly innovating system designs to accommodate low-GWP refrigerants. For example, new technologies are being developed to safely handle high pressures of CO2 (R-744) or reduce the risk of flammable hydrocarbons. These advances help improve system performance and safety, making low-GWP refrigerants more suitable for a wider range of applications.

The combination of low-GWP refrigerants and energy-efficient system designs is becoming an important trend. Refrigerants that not only have a lower environmental impact but are also more energy-efficient are in high demand. This is particularly important for industries where refrigeration systems operate continuously, such as food processing, supermarkets, and cold storage facilities.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Low GWP Refrigerant, 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 Low GWP Refrigerant.

The Low GWP Refrigerant market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Low GWP Refrigerant market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Low GWP Refrigerant manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Scope of Low GWP Refrigerant Market Report

Chapter Outline

1.1 Product Definition

1.2 Low GWP Refrigerant by Type

1.2.1 Global Low GWP Refrigerant Market Value Growth Rate Analysis by Type: 2024 VS 2031

1.2.2 HFC Replacements

1.2.3 Natural Refrigerants

1.2.4 HFO Refrigerants

1.3 Low GWP Refrigerant by Application

1.3.1 Global Low GWP Refrigerant Market Value Growth Rate Analysis by Application: 2024 VS 2031

1.3.2 Household Air Conditioning and Refrigeration

1.3.3 Commercial and Industrial Refrigeration

1.3.4 Commercial and Industrial Air Conditioning

1.3.5 Transport Air Conditioning

1.4 Global Market Growth Prospects

1.4.1 Global Low GWP Refrigerant Production Value Estimates and Forecasts (2020-2031)

1.4.2 Global Low GWP Refrigerant Production Capacity Estimates and Forecasts (2020-2031)

1.4.3 Global Low GWP Refrigerant Production Estimates and Forecasts (2020-2031)

1.4.4 Global Low GWP Refrigerant Market Average Price Estimates and Forecasts (2020-2031)

1.5 Assumptions and Limitations

2.1 Global Low GWP Refrigerant Production Market Share by Manufacturers (2020-2025)

2.2 Global Low GWP Refrigerant Production Value Market Share by Manufacturers (2020-2025)

2.3 Global Key Players of Low GWP Refrigerant, Industry Ranking, 2023 VS 2024

2.4 Global Low GWP Refrigerant Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

2.5 Global Low GWP Refrigerant Average Price by Manufacturers (2020-2025)

2.6 Global Key Manufacturers of Low GWP Refrigerant, Manufacturing Base Distribution and Headquarters

2.7 Global Key Manufacturers of Low GWP Refrigerant, Product Offered and Application

2.8 Global Key Manufacturers of Low GWP Refrigerant, Date of Enter into This Industry

2.9 Low GWP Refrigerant Market Competitive Situation and Trends

2.9.1 Low GWP Refrigerant Market Concentration Rate

2.9.2 Global 5 and 10 Largest Low GWP Refrigerant Players Market Share by Revenue

2.10 Mergers & Acquisitions, Expansion

3.1 Global Low GWP Refrigerant Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.2 Global Low GWP Refrigerant Production Value by Region (2020-2031)

3.2.1 Global Low GWP Refrigerant Production Value by Region (2020-2025)

3.2.2 Global Forecasted Production Value of Low GWP Refrigerant by Region (2026-2031)

3.3 Global Low GWP Refrigerant Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

3.4 Global Low GWP Refrigerant Production Volume by Region (2020-2031)

3.4.1 Global Low GWP Refrigerant Production by Region (2020-2025)

3.4.2 Global Forecasted Production of Low GWP Refrigerant by Region (2026-2031)

3.5 Global Low GWP Refrigerant Market Price Analysis by Region (2020-2025)

3.6 Global Low GWP Refrigerant Production and Value, Year-over-Year Growth

3.6.1 North America Low GWP Refrigerant Production Value Estimates and Forecasts (2020-2031)

3.6.2 Europe Low GWP Refrigerant Production Value Estimates and Forecasts (2020-2031)

3.6.3 China Low GWP Refrigerant Production Value Estimates and Forecasts (2020-2031)

3.6.4 Japan Low GWP Refrigerant Production Value Estimates and Forecasts (2020-2031)

4.1 Global Low GWP Refrigerant Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031

4.2 Global Low GWP Refrigerant Consumption by Region (2020-2031)

4.2.1 Global Low GWP Refrigerant Consumption by Region (2020-2025)

4.2.2 Global Low GWP Refrigerant Forecasted Consumption by Region (2026-2031)

4.3 North America

4.3.1 North America Low GWP Refrigerant Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.3.2 North America Low GWP Refrigerant Consumption by Country (2020-2031)

4.3.3 U.S.

4.3.4 Canada

4.4 Europe

4.4.1 Europe Low GWP Refrigerant Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.4.2 Europe Low GWP Refrigerant Consumption by Country (2020-2031)

4.4.3 Germany

4.4.4 France

4.4.5 U.K.

4.4.6 Italy

4.4.7 Russia

4.5 Asia Pacific

4.5.1 Asia Pacific Low GWP Refrigerant Consumption Growth Rate by Region: 2020 VS 2024 VS 2031

4.5.2 Asia Pacific Low GWP Refrigerant Consumption by Region (2020-2031)

4.5.3 China

4.5.4 Japan

4.5.5 South Korea

4.5.6 China Taiwan

4.5.7 Southeast Asia

4.5.8 India

4.6 Latin America, Middle East & Africa

4.6.1 Latin America, Middle East & Africa Low GWP Refrigerant Consumption Growth Rate by Country: 2020 VS 2024 VS 2031

4.6.2 Latin America, Middle East & Africa Low GWP Refrigerant Consumption by Country (2020-2031)

4.6.3 Mexico

4.6.4 Brazil

4.6.5 Turkey

4.6.6 GCC Countries

5.1 Global Low GWP Refrigerant Production by Type (2020-2031)

5.1.1 Global Low GWP Refrigerant Production by Type (2020-2025)

5.1.2 Global Low GWP Refrigerant Production by Type (2026-2031)

5.1.3 Global Low GWP Refrigerant Production Market Share by Type (2020-2031)

5.2 Global Low GWP Refrigerant Production Value by Type (2020-2031)

5.2.1 Global Low GWP Refrigerant Production Value by Type (2020-2025)

5.2.2 Global Low GWP Refrigerant Production Value by Type (2026-2031)

5.2.3 Global Low GWP Refrigerant Production Value Market Share by Type (2020-2031)

5.3 Global Low GWP Refrigerant Price by Type (2020-2031)

6.1 Global Low GWP Refrigerant Production by Application (2020-2031)

6.1.1 Global Low GWP Refrigerant Production by Application (2020-2025)

6.1.2 Global Low GWP Refrigerant Production by Application (2026-2031)

6.1.3 Global Low GWP Refrigerant Production Market Share by Application (2020-2031)

6.2 Global Low GWP Refrigerant Production Value by Application (2020-2031)

6.2.1 Global Low GWP Refrigerant Production Value by Application (2020-2025)

6.2.2 Global Low GWP Refrigerant Production Value by Application (2026-2031)

6.2.3 Global Low GWP Refrigerant Production Value Market Share by Application (2020-2031)

6.3 Global Low GWP Refrigerant Price by Application (2020-2031)

7.1 Honeywell

7.1.1 Honeywell Low GWP Refrigerant Company Information

7.1.2 Honeywell Low GWP Refrigerant Product Portfolio

7.1.3 Honeywell Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.1.4 Honeywell Main Business and Markets Served

7.1.5 Honeywell Recent Developments/Updates

7.2 Chemours

7.2.1 Chemours Low GWP Refrigerant Company Information

7.2.2 Chemours Low GWP Refrigerant Product Portfolio

7.2.3 Chemours Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.2.4 Chemours Main Business and Markets Served

7.2.5 Chemours Recent Developments/Updates

7.3 Zhejiang Juhua

7.3.1 Zhejiang Juhua Low GWP Refrigerant Company Information

7.3.2 Zhejiang Juhua Low GWP Refrigerant Product Portfolio

7.3.3 Zhejiang Juhua Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.3.4 Zhejiang Juhua Main Business and Markets Served

7.3.5 Zhejiang Juhua Recent Developments/Updates

7.4 Arkema

7.4.1 Arkema Low GWP Refrigerant Company Information

7.4.2 Arkema Low GWP Refrigerant Product Portfolio

7.4.3 Arkema Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.4.4 Arkema Main Business and Markets Served

7.4.5 Arkema Recent Developments/Updates

7.5 Zhejiang Yonghe

7.5.1 Zhejiang Yonghe Low GWP Refrigerant Company Information

7.5.2 Zhejiang Yonghe Low GWP Refrigerant Product Portfolio

7.5.3 Zhejiang Yonghe Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.5.4 Zhejiang Yonghe Main Business and Markets Served

7.5.5 Zhejiang Yonghe Recent Developments/Updates

7.6 Linde Group

7.6.1 Linde Group Low GWP Refrigerant Company Information

7.6.2 Linde Group Low GWP Refrigerant Product Portfolio

7.6.3 Linde Group Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.6.4 Linde Group Main Business and Markets Served

7.6.5 Linde Group Recent Developments/Updates

7.7 Daikin

7.7.1 Daikin Low GWP Refrigerant Company Information

7.7.2 Daikin Low GWP Refrigerant Product Portfolio

7.7.3 Daikin Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.7.4 Daikin Main Business and Markets Served

7.7.5 Daikin Recent Developments/Updates

7.8 Puyang Zhongwei Fine Chemical Co

7.8.1 Puyang Zhongwei Fine Chemical Co Low GWP Refrigerant Company Information

7.8.2 Puyang Zhongwei Fine Chemical Co Low GWP Refrigerant Product Portfolio

7.8.3 Puyang Zhongwei Fine Chemical Co Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.8.4 Puyang Zhongwei Fine Chemical Co Main Business and Markets Served

7.8.5 Puyang Zhongwei Fine Chemical Co Recent Developments/Updates

7.9 Dongyue Group

7.9.1 Dongyue Group Low GWP Refrigerant Company Information

7.9.2 Dongyue Group Low GWP Refrigerant Product Portfolio

7.9.3 Dongyue Group Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.9.4 Dongyue Group Main Business and Markets Served

7.9.5 Dongyue Group Recent Developments/Updates

7.10 Zhejiang Sanmei Chemical

7.10.1 Zhejiang Sanmei Chemical Low GWP Refrigerant Company Information

7.10.2 Zhejiang Sanmei Chemical Low GWP Refrigerant Product Portfolio

7.10.3 Zhejiang Sanmei Chemical Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.10.4 Zhejiang Sanmei Chemical Main Business and Markets Served

7.10.5 Zhejiang Sanmei Chemical Recent Developments/Updates

7.11 Zibo Feiyuan Chemical

7.11.1 Zibo Feiyuan Chemical Low GWP Refrigerant Company Information

7.11.2 Zibo Feiyuan Chemical Low GWP Refrigerant Product Portfolio

7.11.3 Zibo Feiyuan Chemical Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.11.4 Zibo Feiyuan Chemical Main Business and Markets Served

7.11.5 Zibo Feiyuan Chemical Recent Developments/Updates

7.12 Shandong Yue’an New Material Co

7.12.1 Shandong Yue’an New Material Co Low GWP Refrigerant Company Information

7.12.2 Shandong Yue’an New Material Co Low GWP Refrigerant Product Portfolio

7.12.3 Shandong Yue’an New Material Co Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.12.4 Shandong Yue’an New Material Co Main Business and Markets Served

7.12.5 Shandong Yue’an New Material Co Recent Developments/Updates

7.13 Shandong Hua'an

7.13.1 Shandong Hua'an Low GWP Refrigerant Company Information

7.13.2 Shandong Hua'an Low GWP Refrigerant Product Portfolio

7.13.3 Shandong Hua'an Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.13.4 Shandong Hua'an Main Business and Markets Served

7.13.5 Shandong Hua'an Recent Developments/Updates

7.14 Aeropres Corporation

7.14.1 Aeropres Corporation Low GWP Refrigerant Company Information

7.14.2 Aeropres Corporation Low GWP Refrigerant Product Portfolio

7.14.3 Aeropres Corporation Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.14.4 Aeropres Corporation Main Business and Markets Served

7.14.5 Aeropres Corporation Recent Developments/Updates

7.15 Messer Group

7.15.1 Messer Group Low GWP Refrigerant Company Information

7.15.2 Messer Group Low GWP Refrigerant Product Portfolio

7.15.3 Messer Group Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.15.4 Messer Group Main Business and Markets Served

7.15.5 Messer Group Recent Developments/Updates

7.16 Tazzetti

7.16.1 Tazzetti Low GWP Refrigerant Company Information

7.16.2 Tazzetti Low GWP Refrigerant Product Portfolio

7.16.3 Tazzetti Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.16.4 Tazzetti Main Business and Markets Served

7.16.5 Tazzetti Recent Developments/Updates

7.17 Zhejiang Huanxin Fluoromaterial Co

7.17.1 Zhejiang Huanxin Fluoromaterial Co Low GWP Refrigerant Company Information

7.17.2 Zhejiang Huanxin Fluoromaterial Co Low GWP Refrigerant Product Portfolio

7.17.3 Zhejiang Huanxin Fluoromaterial Co Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.17.4 Zhejiang Huanxin Fluoromaterial Co Main Business and Markets Served

7.17.5 Zhejiang Huanxin Fluoromaterial Co Recent Developments/Updates

7.18 Evonik

7.18.1 Evonik Low GWP Refrigerant Company Information

7.18.2 Evonik Low GWP Refrigerant Product Portfolio

7.18.3 Evonik Low GWP Refrigerant Production, Value, Price and Gross Margin (2020-2025)

7.18.4 Evonik Main Business and Markets Served

7.18.5 Evonik Recent Developments/Updates

8.1 Low GWP Refrigerant Industry Chain Analysis

8.2 Low GWP Refrigerant Raw Material Supply Analysis

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.3 Low GWP Refrigerant Production Mode & Process Analysis

8.4 Low GWP Refrigerant Sales and Marketing

8.4.1 Low GWP Refrigerant Sales Channels

8.4.2 Low GWP Refrigerant Distributors

8.5 Low GWP Refrigerant Customer Analysis

9.1 Low GWP Refrigerant Industry Trends

9.2 Low GWP Refrigerant Market Drivers

9.3 Low GWP Refrigerant Market Challenges

9.4 Low GWP Refrigerant Market Restraints

11.1 Methodology/Research Approach

11.1.1 Research Programs/Design

11.1.2 Market Size Estimation

11.1.3 Market Breakdown and Data Triangulation

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Author List

11.4 Disclaimer

List of Tables

 Table 1. Global Low GWP Refrigerant Market Value by Type, (US$ Million) & (2024 VS 2031)

 Table 2. Global Low GWP Refrigerant Market Value by Application, (US$ Million) & (2024 VS 2031)

 Table 3. Global Low GWP Refrigerant Production Capacity (Tons) by Manufacturers in 2024

 Table 4. Global Low GWP Refrigerant Production by Manufacturers (2020-2025) & (Tons)

 Table 5. Global Low GWP Refrigerant Production Market Share by Manufacturers (2020-2025)

 Table 6. Global Low GWP Refrigerant Production Value by Manufacturers (2020-2025) & (US$ Million)

 Table 7. Global Low GWP Refrigerant Production Value Share by Manufacturers (2020-2025)

 Table 8. Global Key Players of Low GWP Refrigerant, Industry Ranking, 2023 VS 2024

 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Low GWP Refrigerant as of 2024)

 Table 10. Global Market Low GWP Refrigerant Average Price by Manufacturers (US$/Ton) & (2020-2025)

 Table 11. Global Key Manufacturers of Low GWP Refrigerant, Manufacturing Base Distribution and Headquarters

 Table 12. Global Key Manufacturers of Low GWP Refrigerant, Product Offered and Application

 Table 13. Global Key Manufacturers of Low GWP Refrigerant, Date of Enter into This Industry

 Table 14. Global Low GWP Refrigerant Manufacturers Market Concentration Ratio (CR5 and HHI)

 Table 15. Mergers & Acquisitions, Expansion Plans

 Table 16. Global Low GWP Refrigerant Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

 Table 17. Global Low GWP Refrigerant Production Value (US$ Million) by Region (2020-2025)

 Table 18. Global Low GWP Refrigerant Production Value Market Share by Region (2020-2025)

 Table 19. Global Low GWP Refrigerant Production Value (US$ Million) Forecast by Region (2026-2031)

 Table 20. Global Low GWP Refrigerant Production Value Market Share Forecast by Region (2026-2031)

 Table 21. Global Low GWP Refrigerant Production Comparison by Region: 2020 VS 2024 VS 2031 (Tons)

 Table 22. Global Low GWP Refrigerant Production (Tons) by Region (2020-2025)

 Table 23. Global Low GWP Refrigerant Production Market Share by Region (2020-2025)

 Table 24. Global Low GWP Refrigerant Production (Tons) Forecast by Region (2026-2031)

 Table 25. Global Low GWP Refrigerant Production Market Share Forecast by Region (2026-2031)

 Table 26. Global Low GWP Refrigerant Market Average Price (US$/Ton) by Region (2020-2025)

 Table 27. Global Low GWP Refrigerant Market Average Price (US$/Ton) by Region (2026-2031)

 Table 28. Global Low GWP Refrigerant Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Tons)

 Table 29. Global Low GWP Refrigerant Consumption by Region (2020-2025) & (Tons)

 Table 30. Global Low GWP Refrigerant Consumption Market Share by Region (2020-2025)

 Table 31. Global Low GWP Refrigerant Forecasted Consumption by Region (2026-2031) & (Tons)

 Table 32. Global Low GWP Refrigerant Forecasted Consumption Market Share by Region (2026-2031)

 Table 33. North America Low GWP Refrigerant Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)

 Table 34. North America Low GWP Refrigerant Consumption by Country (2020-2025) & (Tons)

 Table 35. North America Low GWP Refrigerant Consumption by Country (2026-2031) & (Tons)

 Table 36. Europe Low GWP Refrigerant Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)

 Table 37. Europe Low GWP Refrigerant Consumption by Country (2020-2025) & (Tons)

 Table 38. Europe Low GWP Refrigerant Consumption by Country (2026-2031) & (Tons)

 Table 39. Asia Pacific Low GWP Refrigerant Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Tons)

 Table 40. Asia Pacific Low GWP Refrigerant Consumption by Region (2020-2025) & (Tons)

 Table 41. Asia Pacific Low GWP Refrigerant Consumption by Region (2026-2031) & (Tons)

 Table 42. Latin America, Middle East & Africa Low GWP Refrigerant Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)

 Table 43. Latin America, Middle East & Africa Low GWP Refrigerant Consumption by Country (2020-2025) & (Tons)

 Table 44. Latin America, Middle East & Africa Low GWP Refrigerant Consumption by Country (2026-2031) & (Tons)

 Table 45. Global Low GWP Refrigerant Production (Tons) by Type (2020-2025)

 Table 46. Global Low GWP Refrigerant Production (Tons) by Type (2026-2031)

 Table 47. Global Low GWP Refrigerant Production Market Share by Type (2020-2025)

 Table 48. Global Low GWP Refrigerant Production Market Share by Type (2026-2031)

 Table 49. Global Low GWP Refrigerant Production Value (US$ Million) by Type (2020-2025)

 Table 50. Global Low GWP Refrigerant Production Value (US$ Million) by Type (2026-2031)

 Table 51. Global Low GWP Refrigerant Production Value Market Share by Type (2020-2025)

 Table 52. Global Low GWP Refrigerant Production Value Market Share by Type (2026-2031)

 Table 53. Global Low GWP Refrigerant Price (US$/Ton) by Type (2020-2025)

 Table 54. Global Low GWP Refrigerant Price (US$/Ton) by Type (2026-2031)

 Table 55. Global Low GWP Refrigerant Production (Tons) by Application (2020-2025)

 Table 56. Global Low GWP Refrigerant Production (Tons) by Application (2026-2031)

 Table 57. Global Low GWP Refrigerant Production Market Share by Application (2020-2025)

 Table 58. Global Low GWP Refrigerant Production Market Share by Application (2026-2031)

 Table 59. Global Low GWP Refrigerant Production Value (US$ Million) by Application (2020-2025)

 Table 60. Global Low GWP Refrigerant Production Value (US$ Million) by Application (2026-2031)

 Table 61. Global Low GWP Refrigerant Production Value Market Share by Application (2020-2025)

 Table 62. Global Low GWP Refrigerant Production Value Market Share by Application (2026-2031)

 Table 63. Global Low GWP Refrigerant Price (US$/Ton) by Application (2020-2025)

 Table 64. Global Low GWP Refrigerant Price (US$/Ton) by Application (2026-2031)

 Table 65. Honeywell Low GWP Refrigerant Company Information

 Table 66. Honeywell Low GWP Refrigerant Specification and Application

 Table 67. Honeywell Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 68. Honeywell Main Business and Markets Served

 Table 69. Honeywell Recent Developments/Updates

 Table 70. Chemours Low GWP Refrigerant Company Information

 Table 71. Chemours Low GWP Refrigerant Specification and Application

 Table 72. Chemours Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 73. Chemours Main Business and Markets Served

 Table 74. Chemours Recent Developments/Updates

 Table 75. Zhejiang Juhua Low GWP Refrigerant Company Information

 Table 76. Zhejiang Juhua Low GWP Refrigerant Specification and Application

 Table 77. Zhejiang Juhua Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 78. Zhejiang Juhua Main Business and Markets Served

 Table 79. Zhejiang Juhua Recent Developments/Updates

 Table 80. Arkema Low GWP Refrigerant Company Information

 Table 81. Arkema Low GWP Refrigerant Specification and Application

 Table 82. Arkema Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 83. Arkema Main Business and Markets Served

 Table 84. Arkema Recent Developments/Updates

 Table 85. Zhejiang Yonghe Low GWP Refrigerant Company Information

 Table 86. Zhejiang Yonghe Low GWP Refrigerant Specification and Application

 Table 87. Zhejiang Yonghe Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 88. Zhejiang Yonghe Main Business and Markets Served

 Table 89. Zhejiang Yonghe Recent Developments/Updates

 Table 90. Linde Group Low GWP Refrigerant Company Information

 Table 91. Linde Group Low GWP Refrigerant Specification and Application

 Table 92. Linde Group Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 93. Linde Group Main Business and Markets Served

 Table 94. Linde Group Recent Developments/Updates

 Table 95. Daikin Low GWP Refrigerant Company Information

 Table 96. Daikin Low GWP Refrigerant Specification and Application

 Table 97. Daikin Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 98. Daikin Main Business and Markets Served

 Table 99. Daikin Recent Developments/Updates

 Table 100. Puyang Zhongwei Fine Chemical Co Low GWP Refrigerant Company Information

 Table 101. Puyang Zhongwei Fine Chemical Co Low GWP Refrigerant Specification and Application

 Table 102. Puyang Zhongwei Fine Chemical Co Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 103. Puyang Zhongwei Fine Chemical Co Main Business and Markets Served

 Table 104. Puyang Zhongwei Fine Chemical Co Recent Developments/Updates

 Table 105. Dongyue Group Low GWP Refrigerant Company Information

 Table 106. Dongyue Group Low GWP Refrigerant Specification and Application

 Table 107. Dongyue Group Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 108. Dongyue Group Main Business and Markets Served

 Table 109. Dongyue Group Recent Developments/Updates

 Table 110. Zhejiang Sanmei Chemical Low GWP Refrigerant Company Information

 Table 111. Zhejiang Sanmei Chemical Low GWP Refrigerant Specification and Application

 Table 112. Zhejiang Sanmei Chemical Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 113. Zhejiang Sanmei Chemical Main Business and Markets Served

 Table 114. Zhejiang Sanmei Chemical Recent Developments/Updates

 Table 115. Zibo Feiyuan Chemical Low GWP Refrigerant Company Information

 Table 116. Zibo Feiyuan Chemical Low GWP Refrigerant Specification and Application

 Table 117. Zibo Feiyuan Chemical Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 118. Zibo Feiyuan Chemical Main Business and Markets Served

 Table 119. Zibo Feiyuan Chemical Recent Developments/Updates

 Table 120. Shandong Yue’an New Material Co Low GWP Refrigerant Company Information

 Table 121. Shandong Yue’an New Material Co Low GWP Refrigerant Specification and Application

 Table 122. Shandong Yue’an New Material Co Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 123. Shandong Yue’an New Material Co Main Business and Markets Served

 Table 124. Shandong Yue’an New Material Co Recent Developments/Updates

 Table 125. Shandong Hua'an Low GWP Refrigerant Company Information

 Table 126. Shandong Hua'an Low GWP Refrigerant Specification and Application

 Table 127. Shandong Hua'an Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 128. Shandong Hua'an Main Business and Markets Served

 Table 129. Shandong Hua'an Recent Developments/Updates

 Table 130. Aeropres Corporation Low GWP Refrigerant Company Information

 Table 131. Aeropres Corporation Low GWP Refrigerant Specification and Application

 Table 132. Aeropres Corporation Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 133. Aeropres Corporation Main Business and Markets Served

 Table 134. Aeropres Corporation Recent Developments/Updates

 Table 135. Messer Group Low GWP Refrigerant Company Information

 Table 136. Messer Group Low GWP Refrigerant Specification and Application

 Table 137. Messer Group Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 138. Messer Group Main Business and Markets Served

 Table 139. Messer Group Recent Developments/Updates

 Table 140. Tazzetti Low GWP Refrigerant Company Information

 Table 141. Tazzetti Low GWP Refrigerant Specification and Application

 Table 142. Tazzetti Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 143. Tazzetti Main Business and Markets Served

 Table 144. Tazzetti Recent Developments/Updates

 Table 145. Zhejiang Huanxin Fluoromaterial Co Low GWP Refrigerant Company Information

 Table 146. Zhejiang Huanxin Fluoromaterial Co Low GWP Refrigerant Specification and Application

 Table 147. Zhejiang Huanxin Fluoromaterial Co Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 148. Zhejiang Huanxin Fluoromaterial Co Main Business and Markets Served

 Table 149. Zhejiang Huanxin Fluoromaterial Co Recent Developments/Updates

 Table 150. Evonik Low GWP Refrigerant Company Information

 Table 151. Evonik Low GWP Refrigerant Specification and Application

 Table 152. Evonik Low GWP Refrigerant Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)

 Table 153. Evonik Main Business and Markets Served

 Table 154. Evonik Recent Developments/Updates

 Table 155. Key Raw Materials Lists

 Table 156. Raw Materials Key Suppliers Lists

 Table 157. Low GWP Refrigerant Distributors List

 Table 158. Low GWP Refrigerant Customers List

 Table 159. Low GWP Refrigerant Market Trends

 Table 160. Low GWP Refrigerant Market Drivers

 Table 161. Low GWP Refrigerant Market Challenges

 Table 162. Low GWP Refrigerant Market Restraints

 Table 163. Research Programs/Design for This Report

 Table 164. Key Data Information from Secondary Sources

 Table 165. Key Data Information from Primary Sources

 Table 166. Authors List of This Report

List of Figures

 Figure 1. Product Picture of Low GWP Refrigerant

 Figure 2. Global Low GWP Refrigerant Market Value by Type, (US$ Million) & (2020-2031)

 Figure 3. Global Low GWP Refrigerant Market Share by Type: 2024 VS 2031

 Figure 4. HFC Replacements Product Picture

 Figure 5. Natural Refrigerants Product Picture

 Figure 6. HFO Refrigerants Product Picture

 Figure 7. Global Low GWP Refrigerant Market Value by Application, (US$ Million) & (2020-2031)

 Figure 8. Global Low GWP Refrigerant Market Share by Application: 2024 VS 2031

 Figure 9. Household Air Conditioning and Refrigeration

 Figure 10. Commercial and Industrial Refrigeration

 Figure 11. Commercial and Industrial Air Conditioning

 Figure 12. Transport Air Conditioning

 Figure 13. Global Low GWP Refrigerant Production Value (US$ Million), 2020 VS 2024 VS 2031

 Figure 14. Global Low GWP Refrigerant Production Value (US$ Million) & (2020-2031)

 Figure 15. Global Low GWP Refrigerant Production Capacity (Tons) & (2020-2031)

 Figure 16. Global Low GWP Refrigerant Production (Tons) & (2020-2031)

 Figure 17. Global Low GWP Refrigerant Average Price (US$/Ton) & (2020-2031)

 Figure 18. Low GWP Refrigerant Report Years Considered

 Figure 19. Low GWP Refrigerant Production Share by Manufacturers in 2024

 Figure 20. Global Low GWP Refrigerant Production Value Share by Manufacturers (2024)

 Figure 21. Low GWP Refrigerant Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024

 Figure 22. The Global 5 and 10 Largest Players: Market Share by Low GWP Refrigerant Revenue in 2024

 Figure 23. Global Low GWP Refrigerant Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)

 Figure 24. Global Low GWP Refrigerant Production Value Market Share by Region: 2020 VS 2024 VS 2031

 Figure 25. Global Low GWP Refrigerant Production Comparison by Region: 2020 VS 2024 VS 2031 (Tons)

 Figure 26. Global Low GWP Refrigerant Production Market Share by Region: 2020 VS 2024 VS 2031

 Figure 27. North America Low GWP Refrigerant Production Value (US$ Million) Growth Rate (2020-2031)

 Figure 28. Europe Low GWP Refrigerant Production Value (US$ Million) Growth Rate (2020-2031)

 Figure 29. China Low GWP Refrigerant Production Value (US$ Million) Growth Rate (2020-2031)

 Figure 30. Japan Low GWP Refrigerant Production Value (US$ Million) Growth Rate (2020-2031)

 Figure 31. Global Low GWP Refrigerant Consumption by Region: 2020 VS 2024 VS 2031 (Tons)

 Figure 32. Global Low GWP Refrigerant Consumption Market Share by Region: 2020 VS 2024 VS 2031

 Figure 33. North America Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 34. North America Low GWP Refrigerant Consumption Market Share by Country (2020-2031)

 Figure 35. U.S. Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 36. Canada Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 37. Europe Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 38. Europe Low GWP Refrigerant Consumption Market Share by Country (2020-2031)

 Figure 39. Germany Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 40. France Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 41. U.K. Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 42. Italy Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 43. Russia Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 44. Asia Pacific Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 45. Asia Pacific Low GWP Refrigerant Consumption Market Share by Region (2020-2031)

 Figure 46. China Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 47. Japan Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 48. South Korea Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 49. China Taiwan Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 50. Southeast Asia Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 51. India Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 52. Latin America, Middle East & Africa Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 53. Latin America, Middle East & Africa Low GWP Refrigerant Consumption Market Share by Country (2020-2031)

 Figure 54. Mexico Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 55. Brazil Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 56. Turkey Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 57. GCC Countries Low GWP Refrigerant Consumption and Growth Rate (2020-2031) & (Tons)

 Figure 58. Global Production Market Share of Low GWP Refrigerant by Type (2020-2031)

 Figure 59. Global Production Value Market Share of Low GWP Refrigerant by Type (2020-2031)

 Figure 60. Global Low GWP Refrigerant Price (US$/Ton) by Type (2020-2031)

 Figure 61. Global Production Market Share of Low GWP Refrigerant by Application (2020-2031)

 Figure 62. Global Production Value Market Share of Low GWP Refrigerant by Application (2020-2031)

 Figure 63. Global Low GWP Refrigerant Price (US$/Ton) by Application (2020-2031)

 Figure 64. Low GWP Refrigerant Value Chain

 Figure 65. Channels of Distribution (Direct Vs Distribution)

 Figure 66. Bottom-up and Top-down Approaches for This Report

 Figure 67. Data Triangulation