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Natural Refrigerants Market Share

Report ID: GMI12343
Published Date: Nov 2024
Report Format: PDF

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Natural Refrigerants Market Share

Natural Refrigerants Market Company Share, (2024)

A-Gas International, AGC, Air Liquide, Danfoss, engas Australasia collectively dominate the natural refrigerants industry with their extensive industry experience, innovative product offerings, and widespread global presence. A-Gas International specializes in refrigerant lifecycle management, providing natural refrigerants like CO₂ and hydrocarbons to support the industry’s shift to eco-friendly cooling solutions. They focus on sustainable practices, including recovery and reclamation services, helping companies transition from synthetic to natural refrigerants. AGC offers innovative glass and chemical solutions and is engaged in developing environmentally friendly refrigerant technologies. They invest in research to enhance the performance and safety of natural refrigerants, addressing the global demand for sustainable cooling options.

Air Liquide supplies gases and technologies, including CO₂ and ammonia for refrigeration systems, with a strong focus on sustainability. Their expertise in gas management and storage makes them a vital player in the market, especially for industrial applications seeking to reduce environmental impact.

Danfoss provides advanced refrigeration components and systems designed for natural refrigerants such as CO₂ and ammonia. Known for its energy-efficient technology, Danfoss helps businesses optimize cooling solutions, meeting environmental regulations and improving system performance with natural refrigerants. engas Australasia specializes in hydrocarbon refrigerants and offers natural refrigerant solutions tailored for industrial and commercial refrigeration. Their products cater to the growing demand for low-GWP alternatives in Australia and surrounding regions, emphasizing eco-friendly and energy-efficient refrigerant options.

Natural Refrigerants Market Companies

Major players operating in the natural refrigerants industry are:

A-Gas International
AGC
Air Liquide
Danfoss
engas Australasia
HyChill Australia
Linde plc
Puyang Zhongwei Fine Chemical
Shandong Yuean Chemical Industry
Tazzetti S.p.A.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for natural refrigerants was valued at USD 1.6 billion in 2024 and is estimated to reach USD 2.9 billion by 2034, driven by a CAGR of over 6.1% from 2025 to 2034.

Ammonia accounted for USD 706.7 million in revenue in 2024, driven by its high energy efficiency and low environmental impact.

The U.S. market was valued at USD 255 million in 2024, driven by regulatory standards and a shift towards environmentally sustainable solutions.

Major players in the industry include A-Gas International, AGC, Air Liquide, Danfoss, engas Australasia, HyChill Australia, Linde plc, Puyang Zhongwei Fine Chemical, and Shandong Yuean Chemical Industry.