- As economic development accelerates and urbanization expands across Southeast Asia, demand for efficient cooling systems is rising—driven by growing residential and commercial infrastructure, higher disposable incomes, and increasing climate-related heat stress. This is fuelling strong demand for advanced, environmentally friendly refrigerant solutions
- This market shift is accelerating the adoption of low-GWP (Global Warming Potential) refrigerants, natural alternatives like CO₂ and ammonia, and energy-efficient HVAC systems across industries such as retail, hospitality, data centers, and manufacturing
- Indonesia dominated the Southeast Asia refrigerant market in 2024, due to its large industrial base, rapid urbanization, growing demand for air conditioning and refrigeration, and increasing investments in eco-friendly refrigerant technologies
- Thailand is expected to witness the highest CAGR in the Southeast Asia refrigerant market during the forecast period, driven by its expanding industrial sector, strong regulatory support for environmentally friendly refrigerants, and increasing adoption of advanced cooling technologies
- The fluorocarbon refrigerant dominated the Southeast Asia refrigerant market with a 50.48% market share in 2024, driven by largely fuelled by growth in cold chain logistics, pharmaceuticals, and food processing industries and increasing demand for energy-efficient and eco-friendly refrigeration solutions
