Third-generation HFCs Refrigerant Market

The global Third-generation HFCs Refrigerant market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
R125 Refrigerant Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Third-generation HFCs Refrigerant include Chemours, Arkema, Daikin, Orbia Advance Corporation, Honeywell, Shandong Dongyue Organosilicon Materials Co.,Ltd., Zhejiang Juhua Co.,Ltd., Jiangsu Meilan Co.,Ltd. and Zhonghao Chenguang Co.,Ltd., etc. in 2023, the global top five players have a share approximately % in terms of revenue.
Refrigerant is the medium used to complete energy conversion in various heat engines, mainly fluorinated refrigerant. It can be divided into ammonia, nitrogen, fluorine-containing, water and hydrocarbons, among which fluorine refrigerants with excellent thermodynamic performance are the most common. The third generation of hydrofluorocarbon (HFCs) refrigerants are represented by HFC-32 (R32), HFC-134a (R134A), HFC-125 (R125) and HFC-410a (R410a). Their ODP is zero, which does not damage the ozone layer, but the GWP value is high, and the greenhouse effect is significant. Third-generation refrigerants are widely used abroad. At present, they are in the early stage of elimination in some developed countries. Some developing countries, including China, have entered the quota reference period (2021 - 2023). During this period, the production and sales of third-generation refrigerants will become the main reference index for future manufacturers to obtain quotas. The replacement process of refrigerants is slow. It takes 8-10 years from the beginning of using a refrigerant to the end of the refrigeration equipment. There is still a large demand for the third generation of fluorinated refrigerants.
Third-generation HFCs Refrigerant Market aims to provide a comprehensive presentation of the global market for Third-generation HFCs Refrigerant, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Third-generation HFCs Refrigerant. Third-generation HFCs Refrigerant Market contains market size and forecasts of Third-generation HFCs Refrigerant in global, including the following market information:
Global Third-generation HFCs Refrigerant Market Revenue, 2019-2024, 2025-2030, ($ millions)
Global Third-generation HFCs Refrigerant Market Sales, 2019-2024, 2025-2030, (Tons)
Global top five Third-generation HFCs Refrigerant companies in 2023 (%)
We surveyed the Third-generation HFCs Refrigerant manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Third-generation HFCs Refrigerant Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (Tons)
Global Third-generation HFCs Refrigerant Market Segment Percentages, by Type, 2023 (%)
R125 Refrigerant
R134a Refrigerant
R32 Refrigerant
R410a Refrigerant
Other
Global Third-generation HFCs Refrigerant Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (Tons)
Global Third-generation HFCs Refrigerant Market Segment Percentages, by Application, 2023 (%)
Refrigerator and Freezer
Air Conditioner
Fire-fighting Equipment
Other
Global Third-generation HFCs Refrigerant Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (Tons)
Global Third-generation HFCs Refrigerant Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Third-generation HFCs Refrigerant revenues in global market, 2019-2024 (Estimated), ($ millions)
Key companies Third-generation HFCs Refrigerant revenues share in global market, 2023 (%)
Key companies Third-generation HFCs Refrigerant sales in global market, 2019-2024 (Estimated), (Tons)
Key companies Third-generation HFCs Refrigerant sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Chemours
Arkema
Daikin
Orbia Advance Corporation
Honeywell
Shandong Dongyue Organosilicon Materials Co.,Ltd.
Zhejiang Juhua Co.,Ltd.
Jiangsu Meilan Co.,Ltd.
Zhonghao Chenguang Co.,Ltd.
Zhejiang Sanmei Co.,Ltd.
Zhejiang Yonghe Refrigerant Co.,Ltd.
Luxi Chemical Group Co.,ltd.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Third-generation HFCs Refrigerant, market overview.
Chapter 2: Global Third-generation HFCs Refrigerant market size in revenue and volume.
Chapter 3: Detailed analysis of Third-generation HFCs Refrigerant manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Third-generation HFCs Refrigerant in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Third-generation HFCs Refrigerant capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.