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Honeywell and Chemours are the major market players operating in the global market accounting for over 40% of market share in 2023. Honeywell is developing low-GWP (Global Warming Potential) refrigerants tailored for data center cooling applications. Their product portfolio includes refrigerants such as HFO-1234yf and HFO-1234ze, which offer superior thermal efficiency and reduced environmental impact compared to traditional refrigerants. Also, Honeywell engages in strategic partnerships with cooling system manufacturers and data center operators to integrate their refrigerants into advanced cooling technologies, enhancing their market presence and application scope.
Chemours offers a range of low-GWP refrigerants, such as the Opteon series, designed for high-efficiency cooling in data centers. Their products are engineered to meet the evolving needs of the data center industry while minimizing environmental impact. Chemours leverages its global footprint to cater to data center markets across North America and Europe. Their extensive distribution network and local support enhance their ability to address regional regulatory requirements and market needs effectively.
Major players operating in the industry are: