저GWP 냉매 시장 : 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the low GWP refrigerants market size is estimated at 220.78 kilotons in 2026, and is expected to reach 323.35 kilotons by 2031, at a CAGR of 7.93% during the forecast period (2026-2031).

This report is Segmented by Type (Inorganics, Hydrocarbons, and Fluorocarbons and Fluoro-Olefins), Application (Commercial, Industrial, Domestic, Other), End-User Industry (Food and Beverage, Chemicals and Pharmaceuticals, Residential, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). Market Forecasts are Provided in Terms of Volume (Tons).

Global Low GWP Refrigerants Market Trends and Insights

Stringent Regulations And Low Environmental Impacts

The European Union trimmed allowable HFC quotas by 40% in 2024, forcing wholesalers to prioritize HFO blends and natural refrigerants in commercial equipment. The U.S. EPA's AIM Act banned HFC-134a in new chillers starting January 2025, compelling supermarkets to retrofit 12,000 stores by 2028. Developed nations must cut HFC consumption 85% from 2011-2013 baselines by 2036 under the Kigali Amendment, creating supply scarcity that rewards early adopters holding long-term offtake contracts. ASHRAE reclassified R-32 and R-454B as A2L in 2024, enabling their use in residential heat pumps but requiring state-level code updates that only 18 U.S. states had enacted by December 2025. Japan's Fluorocarbon Emissions Control Law obliges annual leak checks on systems above 1,000 tons CO2-e, accelerating the shift to low-charge HFO or natural systems in industrial cold storage.

Growing Demand For Eco-Friendly HVAC Systems

Net-zero goals are reshaping procurement; 68% of Fortune 500 companies target carbon neutrality by 2040, a milestone that requires low-GWP refrigerants in owned and leased buildings. Walmart earmarked USD 2.1 billion to upgrade 1,400 U.S. stores to CO2 systems by 2030, citing a 20% energy cost cut and removal of 2.5 million tCO2-e annually. ISO 5149 raised hydrocarbon charge limits to 500 g per circuit in 2024, permitting wider use of propane display cases without expensive ventilation retrofits. The U.S. General Services Administration now limits federal HVAC procurements to GWP below 700, favoring HFO-1234ze(E) chillers (gsa.gov). District cooling providers in Abu Dhabi installed 18 MW of low-GWP capacity during 2025, aligning with the emirate's 2030 carbon-neutral plan.

Global HFO Feedstock Shortage And Price Volatility

The combined 45 kiloton HFO-1234yf output of Honeywell, Chemours, and Arkema could not satisfy 2025 demand, driving a 22% price jump in H1 2025. Honeywell's Geismar plant outage trimmed 40% of North American supply for six weeks, delaying automotive model launches. Chemours' Corpus Christi expansion will reach full capacity only in mid-2026 due to permitting delays, prolonging tightness. China's 15% tariff on fluorochemical imports enforced in January 2025 added USD 3.50 per kg to landed costs, hurting local blenders. Smaller producers pivot to HFO-1234ze(E) but need equipment redesign, lengthening commercialization by two years.

Other drivers and restraints analyzed in the detailed report include:

1. Increasing Demand For Energy-Efficient Cooling
2. Data-Center Liquid-Cooling Boom Driving Demand
3. End-User Safety Concerns Over Mild Flammability

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Fluorocarbons and fluoro-olefins captured 66.62% of the low GWP refrigerants market share in 2025 and are on track for a 7.98% CAGR. Automotive mandates made R-1234yf standard across 52 million vehicles built in 2025. HFO-513A retrofits reduce chiller conversion costs by 30% compared with CO2 upgrades. Hydrocarbons are rising; European manufacturers shipped 1.8 million propane heat-pump units in 2025 after ISO 5149's charge-limit revision, broadening residential adoption. Inorganics remain niche; CO2 racks account for 72% of new Swedish supermarkets, while ammonia prevails in industrial plants where safety protocols and centralized machine rooms mitigate toxicity concerns. Growth prospects hinge on easing HFO feedstock tightness and harmonizing hydrocarbon safety codes, both prerequisites for greater share displacement.

Fluorocarbon suppliers are tailoring blends such as R-455A for rooftop units in hot climates and R-515B for chiller applications that require A1 safety profiles. Hydrocarbon specialists focus on propylene and dimethyl ether prototypes that balance flammability and efficiency. Cross-category innovation is emerging; dual-loop systems pair CO2 in medium-temperature cases with ammonia or propane in low-temperature circuits, cutting charge volumes and meeting GWP targets without proprietary HFOs.

Complete Report Scope:

• By Type
  • Inorganics
  • Hydrocarbons
  • Fluorocarbons and Fluoro-olefins (HFCs and HFOs)
• By Application
  • Commercial Refrigeration
  • Industrial Refrigeration
  • Domestic Refrigeration
  • Other Applications
• By End-user Industry
  • Food and Beverage
  • Chemicals and Pharmaceuticals
  • Residential
  • Automotive
  • Other End-user Industry (Hospitality, Retail Fuel Stations, etc.)
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN Countries
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Nordic Countries
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

North America commanded 32.74% of the 2025 volume and is growing at an 8.26% CAGR to 2031. EPA bans and IRA tax credits accelerate supermarket and residential conversions, while Canada's carbon price and provincial rebates support commercial retrofits. Mexico lags due to weak enforcement, concentrating low-GWP adoption in export-oriented plants.

Europe cut HFC quotas by 40% in 2024, lifting spot prices by 18% and fast-tracking HFO and natural adoption. Germany issued EUR 3.5 billion in 2025 heat-pump grants, spurring 1.2 million residential sales with 28% propane share. Nordic nations favor CO2 racks; Southern Europe leans on HFO-513A in warm climates. The U.K. mirrors EU controls but used transition flexibility to stockpile HFCs, temporarily easing supply constraints.

Asia-Pacific accelerates under HCFC phase-out schedules. China allocated CNY 50 billion to cold-chain upgrades, favoring ammonia and CO2. India's 3.5 ISEER rule pushes split AC makers toward R-32 and HFO blends. Japan's JPY 120 billion heat-pump subsidy targets hospitality and food-service sectors with CO2 or hydrocarbons. South America and the Middle East-Africa remain early-stage; uptake centers on multinationals able to finance capital-intensive low-GWP systems.

1. A-Gas
2. Arkema S.A.
3. Bitzer SE
4. Carrier Global Corporation
5. Daikin Industries, Ltd.
6. Danfoss A/S
7. Dongyue Group Ltd.
8. Engas Australasia
9. GTS S.p.A.
10. Harp International Ltd.
11. Honeywell International Inc.
12. Johnson Controls International plc
13. Linde plc
14. Mayekawa Mfg. Co., Ltd.
15. Messer SE & Co. KGaA
16. Orbia (Koura)
17. Panasonic Corporation
18. Sinochem Holdings
19. Tazzetti S.p.A.
20. The Chemours Company
21. Zhejiang Sanmei Chemical

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Stringent regulations and low environmental impacts
  • 4.2.2 Growing demand for eco-friendly HVAC systems
  • 4.2.3 Increasing demand for energy-efficient cooling
  • 4.2.4 Data-center liquid-cooling boom drivind demand
  • 4.2.5 Heat-pump incentive programs boosting hydrocarbon systems
• 4.3 Market Restraints
  • 4.3.1 Global HFO feedstock shortage and price volatility
  • 4.3.2 End-user safety concerns over mild flammability
  • 4.3.3 Limited technician training for CO2 booster systems
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Type
  • 5.1.1 Inorganics
  • 5.1.2 Hydrocarbons
  • 5.1.3 Fluorocarbons and Fluoro-olefins (HFCs and HFOs)
• 5.2 By Application
  • 5.2.1 Commercial Refrigeration
  • 5.2.2 Industrial Refrigeration
  • 5.2.3 Domestic Refrigeration
  • 5.2.4 Other Applications
• 5.3 By End-user Industry
  • 5.3.1 Food and Beverage
  • 5.3.2 Chemicals and Pharmaceuticals
  • 5.3.3 Residential
  • 5.3.4 Automotive
  • 5.3.5 Other End-user Industry (Hospitality, Retail Fuel Stations, etc.)
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 ASEAN Countries
    • 5.4.1.6 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 Nordic Countries
    • 5.4.3.7 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share(%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products and Services, and Recent Developments)
  • 6.4.1 A-Gas
  • 6.4.2 Arkema S.A.
  • 6.4.3 Bitzer SE
  • 6.4.4 Carrier Global Corporation
  • 6.4.5 Daikin Industries, Ltd.
  • 6.4.6 Danfoss A/S
  • 6.4.7 Dongyue Group Ltd.
  • 6.4.8 Engas Australasia
  • 6.4.9 GTS S.p.A.
  • 6.4.10 Harp International Ltd.
  • 6.4.11 Honeywell International Inc.
  • 6.4.12 Johnson Controls International plc
  • 6.4.13 Linde plc
  • 6.4.14 Mayekawa Mfg. Co., Ltd.
  • 6.4.15 Messer SE & Co. KGaA
  • 6.4.16 Orbia (Koura)
  • 6.4.17 Panasonic Corporation
  • 6.4.18 Sinochem Holdings
  • 6.4.19 Tazzetti S.p.A.
  • 6.4.20 The Chemours Company
  • 6.4.21 Zhejiang Sanmei Chemical

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment
• 7.2 Developments for Promoting Low GWP Refrigerants