General Construction Products & Machinery

Refrigerants: Market Size, Growth & Forecast to 2030

The Refrigerants market is valued at about $18.7 billion (2026) and is projected to grow at a 6.2% CAGR through 2030. The largest cost driver is Fluorspar and Hydrogen Fluoride feedstocks (35% of spend). Asia Pacific leads demand at 40%.

Market size
$18.7 bn (2026)
CAGR to 2030
+6.2%
Buyer power
Favours buyers
Tracked suppliers
25

Projected market growth to 2030

Market size index, 2026 = 100, at the 6.2% CAGR.

1351231121001002026106.22027112.82028119.82029127.22030135.12031

Cost structure

Fluorspar and Hydrogen Fluoride feedstocks
35%
Energy and chemical processing
25%
Regulatory compliance and quota management
15%
Specialized packaging and logistics
15%
Labor and plant operational overhead
10%

Regional demand split

Asia Pacific demand
40%
North America demand
31%
Europe demand
18%
Latin America demand
6%
Rest of world demand
5%

Key suppliers

Honeywell International Inc.The Chemours CompanyArkema S.A.Daikin Industries Ltd.Dongyue Group Co. Ltd.Orbia Advance Corporation
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/refrigerants