MARKET OVERVIEW:
e market is being reshaped by three pivotal forces: regulatory pr essures to phase out ozone-depleting substances, technological advancements in energy-efficient refrigerants, and the increasing frequency of heat waves globally. Commercial applications acco unt for 42% of demand, followed by residential (38%) and industr ial (20%) segments. The hospitality sector's post-pandemic reco very and data center cooling requirements are creating new dem and vectors.
MARKET INSIGHT & GROWTH DRIVERS:
10.45 billion
The global market continues to evolve at a dynamic pace, shaped by technological advancements, shifting consumer preferences, and regulatory developments. Companies are focusing on innovation, sustainability, and strategic collaborations to strengthen their competitive positioning and meet emerging demand across diverse applications
Click Here for More Detailed Report
MARKET SEGMENTATION:
MARKET DYNAMICS
Increasing Demand for Air Conditioning Coolant Market Growth
Air conditioning coolants play a critical role in heat transfer systems, with evolving environmental regulations accelerating the shift toward low-GWP (Global Warming Potential) refrigerants. The phase-down of hydrochlorofluorocarbons (HCFCs) under the Montreal Protocol continues to reshape industry dynamics, creating both challenges and opportunities for manufacturers adapting to next-generation solutions.
MARKET OPPORTUNITIES
Significant opportunities exist in the development of non-fluorinated refrigerants and hybrid systems combining natural refrigerants with synthetic blends. The electric vehicle thermal management sector represents a highgrowthniche,withautomakersseekingcompliant coolants for next-generation battery cooling systems. Emerging markets in Southeast Asia and Africa offer long-term potential as urbanizationratesclimb.
COMPANY MISSION
At 24ChemicalResearch, we are dedicated to delivering expert intelligence that drives corrosion prevention strategies across global industries. Our mission is to equip manufacturers, engineers, and procurement leaders with cutting-edge insights into lubricant innovations—empowering them to extend equipment life, improve safety, and minimize downtime in even the most aggressive operating environments.
REGIONAL MARKET OUTLOOK
North America
NorthAmerica'smarketmaturityisbalancedbyrefrigerant replacementcyclesandretrofittingactivities,whileEuropeleadsin regulatoryframeworkswiththeF-GasRegulationmandatinga79% reductioninHFCemissionsby2030.
Europe
TheoverallEuropeairconditioningsystemsmarket(whichinherently drivescoolantdemand)wasvaluedatUSD10.38billionin2024,and isexpectedtoreacharoundUSD14.25billionby2030,growingata CAGRof5.8%between2025and2030
COMPETITIVE LANDSCAPE
⚬Chemours
⚬Honeywell
⚬Arkema
⚬Orbia
⚬Daikin
⚬Linde
⚬Airgas
⚬Ineos
⚬Solvay
⚬SRF
⚬Zhejiang Juhua
⚬Dongyue Group
⚬Sinochem Group
⚬Zhejiang Sanmei Chemical
⚬Jiangsu Meilan Chemical
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
DOWNLOAD FREE SAMPLE PDF BROCHURE
About Us
Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth.
Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently.
As a one-stop platform for the chemical sector, we offer:
￭Deep specialization in chemical market analysis
￭Customized reports tailored to your needs
￭A robust portal with free samples, consulting, and competitive insights www.24chemicalresearch.com
