“Transition to Low-GWP Refrigerants”
- International agreements such as the Kigali Amendment to the Montreal Protocol aim to phase out high-GWP refrigerants, promoting the adoption of eco-friendly alternatives
- There's a growing preference for refrigerants with lower environmental impact, such as HFOs and natural refrigerants such as CO₂ and ammonia
- Innovations in refrigerant technologies are facilitating the development and adoption of low-GWP alternatives
- Increasing consumer awareness and demand for sustainable products are driving the shift towards low-GWP refrigerants
- Manufacturers are aligning their product portfolios with environmental regulations and consumer preferences
Frequently Asked Questions
The transition to low-GWP refrigerants, is emerging as a pivotal trend driving the global refrigerant market.
The major factors driving the growth of the refrigerant market are growing need due to expansion of the cold chain industry.
The primary challenges include illegal trade of refrigerants and competitive market dynamics challenging brand differentiation.
The fluorocarbon segment is expected to dominate the global refrigerant market holding a major market share with 54.2% in 2025, due to compounds containing carbon, fluorine, and sometimes other elements such as hydrogen and chlorine. These compounds are known for their excellent thermodynamic properties, making them highly effective for cooling systems.
