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Natural Refrigerants Market Size
- Report ID: GMI12343
- Published Date: Nov 2024
- Report Format: PDF
Natural Refrigerants Market Size
The global natural refrigerants market was valued at USD 1.6 billion in 2024 and is estimated to grow at a CAGR of over 6.1% from 2025 to 2034.
Rising demand for eco-friendly refrigerants is a significant driver in the natural refrigerants industry, as industries and consumers increasingly prioritize sustainable solutions to reduce environmental impact. Natural refrigerants like ammonia, carbon dioxide, and hydrocarbons offer low Global Warming Potential (GWP) and zero or near-zero Ozone Depletion Potential (ODP), making them appealing alternatives to synthetic refrigerants such as HFCs and CFCs. This shift is further encouraged by government policies and international agreements like the Kigali Amendment to the Montreal Protocol, which mandates the phasedown of high-GWP refrigerants.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Natural Refrigerants Market Size in 2024: | USD 1.6 Billion |
| Forecast Period: | 2025 - 2034 |
| Forecast Period 2025 - 2034 CAGR: | 6.1% |
| 2034 Value Projection: | USD 2.9 Billion |
| Historical Data for: | 2021 - 2024 |
| No. of Pages: | 310 |
| Tables, Charts & Figures: | 240 |
| Segments covered: | Type, Application, End User |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Industries such as food processing, cold storage, and retail have started integrating natural refrigerants to align with sustainability goals, reduce carbon footprint, and achieve regulatory compliance. Consumers are also becoming more aware of eco-friendly refrigerants, fueling demand for greener air conditioning and refrigeration systems. This trend is expected to drive market growth, with natural refrigerants becoming a preferred choice across various sectors.
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Natural Refrigerants Market Scope
