냉매 R32 시장 보고서 : 동향, 예측, 경쟁 분석(-2031년)

The future of the global refrigerant R32 market looks promising with opportunities in the household and commercial markets. The global refrigerant R32 market is expected to grow with a CAGR of 5.1% from 2025 to 2031. The major drivers for this market are growing adoption in air conditioning & refrigeration systems and transition towards environmentally friendly refrigerants.

• Lucintel forecasts that, within the type category, special refrigerant is expected to witness higher growth over the forecast period.
• Within the application category, the household is expected to witness higher growth.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period.

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Emerging Trends in the Refrigerant R32 Market

The market for refrigerant R32 is changing in line with several new trends that illustrate the mores of society and the industry in general. These changes are determining how R32 is adopted and used in different applications and regions. These trends help in understanding the market prospects and the forces fueling its growth.

• More Regulatory Encouragement: The ease of regulation regarding the usage of low-GWP refrigerants such as R32 is increasing worldwide due to support from regulatory measures provided by governments. The Kigali Amendment and other country-specific standards are accelerating the ban on high-GWP refrigerants while promoting the adoption of R32. This regulatory support is crucial as it helps quicken market growth and acceptance.
• Technological Advancements: New technologies continuously improve the productivity of R32-based systems. Improvements in compressor technology, heat exchangers, and system configurations have made R32 more marketable to manufacturers and consumers. These enhancements lead to better energy utilization and overall system efficiency.
• Growing Energy Efficiency Focus: There is an increasing trend in energy efficiency in the sector, with R32 preferred due to its low GWP and high energy efficiency. With rising energy costs and growing concerns about pollution, R32 is becoming a strong marketing factor. This trend is fueling the R32 market in residential and commercial segments.
• Market Penetration in Emerging Economies: Developing countries are slowly adopting R32 in line with efforts toward global environmental agreements and energy efficiency. Countries such as India and Brazil are beginning to employ R32 in their refrigerant markets, opening up new avenues for growth for manufacturers and suppliers.
• Ingenious Changes in R32-Compatible Equipment: There have been changes in the production of R32-compatible equipment that satisfy both laws and consumer demands. This includes newly developed R32-dedicated HVAC systems, R32-dedicated chillers, and R32-dedicated air conditioning units. It is essential to develop this type of equipment to enhance the growth of R32's utilization in the market.

These trends seek to accelerate support for the stabilization of refrigerant R32 technology by stimulating regulation, introducing novel technologies, and striving for enhanced energy efficiency. The penetration of R32 in developing regions, the growing demand for non-ozone-depleting substances, and the invention of compatible equipment are boosting its adoption rate even faster. As these trends persist, they will result in changes in the market structure, specifically affecting the advancement of operating concerns for the future of refrigerant technology.

Recent Developments in the Refrigerant R32 Market

The market for refrigerant R32 is in a transformative stage driven by regulatory, technological, and competitive factors. These changes align with industry initiatives to implement less harmful and more effective refrigerants. Here are a few factors redefining the current R32 market.

• Expansion of Regulatory Frameworks: The Kigali Amendment, along with stricter regional regulations, has prompted the introduction of R32. Countries are encouraging the removal of high-GWP refrigerants and the adoption of low-GWP options like R32. Such regulatory pushes are helping to increase the uptake of R32.
• Increased Investment in R32 Technology: There is considerable investment from manufacturers in R32-centered technologies and their infrastructures. This includes designing new HVAC systems, chillers, and other products optimized for R32. These investments are necessary to meet established standards and improve the efficiency of cooling devices.
• Growth in Global Adoption: Global adoption of R32 is on the rise, particularly in regions such as Asia Pacific and Europe. The growth in the utilization of R32 in these regions is positively correlated with policies in place, technology, and environmental awareness. China and Japan are at the forefront while developing countries are progressively stepping into R32 usage.
• Development of Energy Efficient Systems: There is a pronounced effort to design non-R32 systems and entirely new energy-efficient buildings. System design and a variety of components are diversifying R32 in terms of system performance and efficiency. With these developments, R32 is being promoted as the best option for power-stressed and cost-conscious organizations or clients.
• Challenges in Infrastructure and Training: The transition to R32 involves challenges related to infrastructure and training. The need for new equipment, specialized technician training, and upgrading existing systems constitutes only the tip of the iceberg. A good understanding of these challenges is critical to ensuring a smooth transition to R32 embraced by a wide audience.

Conclusions on recent developments in the refrigerant R32 market highlight factors such as regulatory changes, technological advancements, and globalization trends. The market is underpinned by rising expenditures toward R32 technology development and increased adoption, particularly among efficiency-oriented strategies. However, challenges in underdeveloped countries regarding infrastructure and education will need to be addressed to achieve a smooth transition to R32.

Strategic Growth Opportunities for Refrigerant R32 Market

In various application areas within the refrigerant R32 market, there are numerous strategic growth opportunities. Given the trends in the refrigeration industry shifting toward environmentally friendly refrigerants, businesses can effectively plan their strategies to capture these market trends. Here are five growth opportunities in the R32 market by application.

• Residential Air Conditioning: The share of R32 in the residential air conditioning segment has promising growth prospects. R32 is emerging as the preferred alternative due to its lower GWP and high efficiency amidst consumers seeking effective and eco-friendly cooling options. This demand can be met by creating next-generation residential air conditioning systems using R32.
• Commercial HVAC Systems: The increasing penetration of R32 in commercial HVAC systems is driven by the system's effectiveness and lower environmental impact. Companies are purchasing R32 systems to comply with regulations and improve cost-effectiveness. This creates new opportunities for manufacturers to diversify their products and offer additional solutions for various commercial needs.
• Industrial Refrigeration: Similar to the previous scenario, the industrial refrigeration market also presents significant growth potential for R32. R32 is advantageous for large commercial refrigeration strategies in sectors such as food processing and pharmaceuticals. Developing R32 industrial products also aims to address the need for sustainable and efficient refrigeration.
• Emerging Markets: The emerging market offers vast growth potential for R32, especially in the Asia-Pacific and Latin America regions. There is a growing need for low-GWP refrigerants in these regions, driven by infrastructure improvements and the adoption of stringent environmental guidelines. There is potential for growth in these markets with area-based solutions and products.
• Retrofit and Replacement Markets: The potential for R32 to be used in existing HVAC and refrigeration systems is also present in the retrofit and replacement markets. As old systems that utilize high-GWP refrigerants are phased out, R32 serves as a convenient replacement. Efforts should be made to develop retrofit features and educate the market about the benefits of R32 to aid its acceptance in the replacement market.

Strategic growth opportunities in the refrigerant R32 market span residential, commercial, industrial, and emerging market applications. Focus on energy savings, regulatory compliance, and sustainability makes R32 increasingly in demand. Addressing these opportunities enables stakeholders to strengthen their market position in light of growing interest in low-GWP refrigerants.

Refrigerant R32 Market Driver and Challenges

There are several drivers and challenges in the refrigerant R32 market that determine its growth and development. Factors include technological trends, regulatory constraints, economic conditions, and market structure. These drivers and challenges inform stakeholders about how to operate in this market.

The factors driving the refrigerant R32 market include:

• Stringent Environmental Regulations: Stringent regulations such as the Kigali Amendment and various national standards motivate the use of low-GWP refrigerants such as R32. These regulations provide for a gradual reduction of high-GWP refrigerants, creating a high demand for R32 and other greener alternatives.
• Technological Advancements: R32 system performance and efficiency have improved due to advances in refrigeration and air conditioning systems. Innovations in system design, as well as improvements in compressors and heat exchangers, make systems using R32 more effective and attractive to manufacturers and consumers.
• Growing Awareness of Environmental Impact: Increasing awareness of environmental concerns, particularly global warming, has heightened the need for R32. Environmental issues have prompted consumers and businesses to seek eco-friendly options and eliminate harmful gases whenever possible. R32 marketing facilitates this demand.

Challenges in the refrigerant R32 market include:

• High Initial Investment Costs: The initial costs of R32-compatible equipment can be relatively high compared to traditional systems using other refrigerants. This can be a barrier to adoption, particularly in price-sensitive markets. The higher total cost of ownership can deter some consumers and businesses from transitioning to R32.
• Need for Infrastructure and Training: Transitioning to R32 requires changes in existing infrastructure and specialized training. This includes hiring additional staff, ensuring safety resources, and acquiring technical know-how. These issues must be addressed to facilitate the desired shift and adoption of R32.
• Market Competition: Ongoing competition in the refrigerant market includes other substitutes to R32, such as R1234yf and natural refrigerants. Competition can impact trade volume and pricing. To compete effectively, manufacturers must differentiate their products sufficiently to justify the costs of R32.

According to consumers of refrigerant R32, the drivers include regulatory factors, technology advancements, environmental concerns, energy improvements, and new market development. However, additional requirements such as high initial costs, infrastructure and educational needs, and competition must also be addressed. It is crucial to meet these conditions for the continued development and successful revenue generation in the R32 market.

List of Refrigerant R32 Companies

Companies in the market compete based on product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies refrigerant R32 companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the refrigerant R32 companies profiled in this report include-

• Zhejiang Juhua
• Daikin
• Sanmei Chemical
• Honeywell
• Dongyue Group
• Arkema
• SRF

Refrigerant R32 by Segment

The study includes a forecast for the global refrigerant R32 market by type, application, and region.

Refrigerant R32 Market by Type [Analysis by Value from 2019 to 2031]:

• Special Refrigerant
• Mixed Refrigerant

Refrigerant R32 Market by Application [Analysis by Value from 2019 to 2031]:

• Household
• Commercial

Refrigerant R32 Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Refrigerant R32 Market

Over time, the refrigerant R32 market continues to evolve due to various factors, including policies, new technologies, and changes in customer purchasing behavior. R32, being more environmentally friendly due to its low global warming potential (GWP) compared to existing refrigerants, is increasingly being adopted in practice. However, R32 market developments differ across regions such as the US, China, Germany, India, and Japan due to varying regulations and market conditions. This overview focuses on updating readers about recent changes or developments in each of these important markets.

• United States: In the U.S., the use of R32 is increasing in response to the growing need to comply with regulations aimed at improving the environment and reducing greenhouse gases. The EPA is increasingly supporting low-GWP refrigerants, and many HVAC producers are switching to R32 due to its better energy efficiency and lower environmental impact. However, the market perception of R32's high average price, component costs, and additional expenses (new equipment and training) still require adjustment.
• China: The use of R32 is gaining momentum in China due to favorable government policies regarding low-GWP refrigerants and energy-efficient technologies. The China Green Refrigerant Initiative and similar regulations are laying the groundwork for embracing R32, which is less polluting than its predecessors. Chinese manufacturers are significantly investing in R32-compatible technologies and infrastructure, aiming to dominate the global market for refrigerants.
• Germany: Germany's market for R32 is driven by strict European Union policies aimed at reducing greenhouse emissions from heating, ventilation, and air conditioning systems (HVACs). The European F-Gas Regulation promotes lower GWP refrigerants, positioning R32 as a preferred option. Many German companies are working on R32 technology and its application for energy-saving and environmentally friendly cooling solutions.
• India: R32 is becoming more accepted in India as the government and industry advocate for the use of eco-friendly refrigerants. The Kigali Amendment supports the adoption of refrigerants with lower GWP. Indian manufacturers have started to embrace R32, but challenges remain, including high costs and infrastructure development. Market growth is expected to expand due to increased awareness and regulations.
• Japan: Japan is proactive in the introduction and use of R32 due to stringent environmental regulations and advanced technology. The country has implemented R32 in HVAC systems, and many Japanese manufacturers have already developed R32-compatible products. Japan's efforts to reduce carbon emissions and optimize energy use have made R32 a core component of its environmental strategy.

Features of the Global Refrigerant R32 Market

Market Size Estimates: Refrigerant R32 market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Refrigerant R32 market size by type, application, and region in terms of value ($B).

Regional Analysis: Refrigerant R32 market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the refrigerant R32 market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the refrigerant R32 market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers the following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the refrigerant R32 market by type (special refrigerant and mixed refrigerant), application (household and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Refrigerant R32 Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Refrigerant R32 Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Refrigerant R32 Market by Type
  • 3.3.1: Special Refrigerant
  • 3.3.2: Mixed Refrigerant
• 3.4: Global Refrigerant R32 Market by Application
  • 3.4.1: Household
  • 3.4.2: Commercial

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Refrigerant R32 Market by Region
• 4.2: North American Refrigerant R32 Market
  • 4.2.1: North American Market by Type: Special Refrigerant and Mixed Refrigerant
  • 4.2.2: North American Market by Application: Household and Commercial
• 4.3: European Refrigerant R32 Market
  • 4.3.1: European Market by Type: Special Refrigerant and Mixed Refrigerant
  • 4.3.2: European Market by Application: Household and Commercial
• 4.4: APAC Refrigerant R32 Market
  • 4.4.1: APAC Market by Type: Special Refrigerant and Mixed Refrigerant
  • 4.4.2: APAC Market by Application: Household and Commercial
• 4.5: ROW Refrigerant R32 Market
  • 4.5.1: ROW Market by Type: Special Refrigerant and Mixed Refrigerant
  • 4.5.2: ROW Market by Application: Household and Commercial

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Refrigerant R32 Market by Type
  • 6.1.2: Growth Opportunities for the Global Refrigerant R32 Market by Application
  • 6.1.3: Growth Opportunities for the Global Refrigerant R32 Market by Region
• 6.2: Emerging Trends in the Global Refrigerant R32 Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Refrigerant R32 Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Refrigerant R32 Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Zhejiang Juhua
• 7.2: Daikin
• 7.3: Sanmei Chemical
• 7.4: Honeywell
• 7.5: Dongyue Group
• 7.6: Arkema
• 7.7: SRF