냉매 R32 시장 규모, 점유율, 성장 분석 : 유형별, 용도별, 최종사용자별, 유통 채널별, 지역별 - 산업 예측(2025-2032년)

Refrigerant R32 Market size was valued at USD 6.98 billion in 2023 and is poised to grow from USD 7.43 billion in 2024 to USD 12.3 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

The market is experiencing growth due to rising investments in research and development, the emergence of new entrants, innovative product launches, and intensified competition among existing players. Supportive government policies, such as India's verification tests for R32 air conditioners, further facilitate this growth by encouraging local manufacturers to adopt advanced refrigerants. Daikin's engagement with governments in Thailand and Malaysia highlights this trend. The adoption of R32 refrigerants, which offer approximately 10% reduced electricity consumption and one-third lower global warming potential than R-22 and R-410A, is being driven by increasing consumer awareness. Additionally, rising disposable incomes and a demand for premium products are expected to fuel further market development and open new opportunities for industry stakeholders.

Top-down and bottom-up approaches were used to estimate and validate the size of the Refrigerant R32 market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Refrigerant R32 Market Segments Analysis

Global Refrigerant R32 Market is segmented by Type, Application, End User, Distribution Channel and region. Based on Type, the market is segmented into Pure R32 and Mixed R32. Based on Application, the market is segmented into Residential Air Conditioning, Commercial Air Conditioning, Industrial Refrigeration, Automotive Air Conditioning and Others. Based on End User, the market is segmented into HVAC, Automotive, Industrial and Others. Based on Distribution Channel, the market is segmented into Direct Sales, Distributors, Online Sales and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Refrigerant R32 Market

The demand for refrigerant R32 is being significantly driven by the pharmaceutical industry's need for low temperatures essential for the transportation and storage of drugs. This uptick in R32 utilization is closely linked to the increasing preference for biologics, alongside a rising need for specialty pharmaceuticals, insulin products, and vaccines. As the pharmaceutical sector continues to expand, particularly in emerging markets like India and China, it is expected to bolster the growth of the refrigerant R32 market. Consequently, the burgeoning pharmaceutical industry is anticipated to be a key catalyst for the R32 market during the forecast period.

Restraints in the Refrigerant R32 Market

The Refrigerant R32 market faces certain constraints, primarily stemming from the challenges associated with the storage and transportation of refrigerants, including hydrochlorofluorocarbons and hydrocarbons. Their gaseous state and high volatility complicate these processes, which can hinder market growth. Additionally, stringent government regulations aimed at promoting environmental conservation contribute to the challenges faced by the R32 market. These regulatory measures are designed to minimize the environmental impact of refrigerants, further complicating the dynamics of the industry and potentially limiting the adoption and distribution of R32 as a viable refrigerant option.

Market Trends of the Refrigerant R32 Market

The Refrigerant R32 market is experiencing a notable shift driven by the increasing preference for low-global warming potential (GWP) refrigerants in response to stringent environmental regulations. As industries seek alternatives to R410A, which has a high GWP of approximately 2,090, R32 has emerged as a viable substitute due to its significantly lower GWP of 675. This trend is particularly pronounced in the air conditioning sector, where R32's efficiency and reduced environmental impact are sought after. However, the mildly flammable nature of R32 introduces safety concerns, especially in large-scale settings like supermarkets, further fueling demand as retailers adapt their refrigerant choices for compliance and sustainability.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Regulatory Landscape

Global Refrigerant R32 Market Size by Type & CAGR (2025-2032)

• Market Overview
• Pure R32
• Mixed R32

Global Refrigerant R32 Market Size by Application & CAGR (2025-2032)

• Market Overview
• Residential Air Conditioning
• Commercial Air Conditioning
• Industrial Refrigeration
• Automotive Air Conditioning
• Others

Global Refrigerant R32 Market Size by End User & CAGR (2025-2032)

• Market Overview
• HVAC
• Automotive
• Industrial
• Others

Global Refrigerant R32 Market Size by Distribution Channel & CAGR (2025-2032)

• Market Overview
• Direct Sales
• Distributors
• Online Sales
• Others

Global Refrigerant R32 Market Size & CAGR (2025-2032)

• North America (Type, Application, End User, Distribution Channel)
  • US
  • Canada
• Europe (Type, Application, End User, Distribution Channel)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Type, Application, End User, Distribution Channel)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Type, Application, End User, Distribution Channel)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Type, Application, End User, Distribution Channel)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Daikin Industries Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Arkema S.A. (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Honeywell International Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• The Chemours Company (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mexichem S.A.B. de C.V. (Mexico)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SRF Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Linde plc (Ireland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• National Refrigerants, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Harp International Ltd. (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Asahi Glass Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tazzetti S.p.A. (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Brothers Gas Bottling & Distribution Co. LLC (UAE)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Puregas LLC (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations