Home > Chemicals & Materials > Specialty Chemicals > Custom Synthesis > Natural Refrigerants Market

Natural Refrigerants Market Trends

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

Natural Refrigerants Market Trends

Growing adoption of natural refrigerants in industrial applications is a key driver in the market, as industries across sectors like food processing, pharmaceuticals, and manufacturing increasingly seek sustainable and efficient cooling solutions. Industrial applications have high energy demands for refrigeration and air conditioning, and natural refrigerants such as ammonia, carbon dioxide, and hydrocarbons are emerging as preferable choices due to their low Global Warming Potential (GWP) and near-zero Ozone Depletion Potential (ODP). These refrigerants offer a robust alternative to synthetic refrigerants, meeting both operational and environmental needs in energy-intensive settings.
 

The shift to natural refrigerants in industrial sectors is propelled by strict regulatory frameworks aimed at reducing greenhouse gas emissions, as well as by industry initiatives focused on corporate sustainability goals. Many large industrial players are opting for natural refrigerants to reduce carbon footprints and enhance operational efficiency, as these refrigerants often require less energy than traditional synthetic options. For instance, ammonia is highly efficient in large-scale cooling systems, particularly in food storage and processing facilities, where maintaining optimal temperatures is critical.
 

The industrial adoption of natural refrigerants is also supported by advancements in technology, including improved system designs and safety measures that mitigate the risks associated with flammable or toxic refrigerants. As industries continue to invest in greener solutions, the demand for natural refrigerants in industrial applications is expected to grow, establishing them as a central component of sustainable industrial cooling systems.
 

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.

Natural Refrigerants Market Scope

Buy Now


Premium Report Details

  • Base Year: 2024
  • Companies covered: 10
  • Tables & Figures: 240
  • Countries covered: 18
  • Pages: 310
 Download Free Sample