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Global Third-generation Fluorinated Refrigerant Market Research Report 2025
Synopsis
Global Third-generation Fluorinated Refrigerant market is projected to reach US$ 44350 million in 2029, increasing from US$ 3393 million in 2022, with the CAGR of 43.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Third-generation Fluorinated Refrigerant market research.
Refrigerant is the medium used to complete energy conversion in various heat engines, mainly fluorinated refrigerant. It can be divided into ammonia, nitrogen, fluorine-containing, water and hydrocarbons, among which fluorine refrigerants with excellent thermodynamic performance are the most common. The third generation of hydrofluorocarbon (HFCs) refrigerants are represented by HFC-32 (R32), HFC-134a (R134A), HFC-125 (R125) and HFC-410a (R410a). Their ODP is zero, which does not damage the ozone layer, but the GWP value is high, and the greenhouse effect is significant. Third-generation refrigerants are widely used abroad. At present, they are in the early stage of elimination in some developed countries. Some developing countries, including China, have entered the quota reference period (2020 - 2022). During this period, the production and sales of third-generation refrigerants will become the main reference index for future manufacturers to obtain quotas. The replacement process of refrigerants is slow. It takes 8-10 years from the beginning of using a refrigerant to the end of the refrigeration equipment. There is still a large demand for the third generation of fluorinated refrigerants.
After calculation, due to the growth of servers and other applications, as well as the reduction of second-generation refrigerants caused by quota agreements, it is expected that in the next 5 years (2023-2029), the CAGR of the third-generation fluorinated refrigerants will be 43.2%, and the market size will be $44348 million in 2029. However, the market will face a decline after 2029.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Third-generation Fluorinated Refrigerant market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Chemours
Arkema
Daikin
Orbia Advance Corporation
Honeywell
Linde
Shandong Dongyue Organosilicon Materials Co.,Ltd.
Zhejiang Juhua Co.,Ltd.
Jiangsu Meilan Co.,Ltd.
Zhonghao Chenguang Co.,Ltd.
Zhejiang Sanmei Co.,Ltd.
Zhejiang Yonghe Refrigerant Co.,Ltd.
Segment by Type
R125 Refrigerant
R134a Refrigerant
R32 Refrigerant
Other
Segment by Application
Air Conditioner and Refrigerator
Automotive
Foaming Agent and Aerosol
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Third-generation Fluorinated Refrigerant report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Global Third-generation Fluorinated Refrigerant market is projected to reach US$ 44350 million in 2029, increasing from US$ 3393 million in 2022, with the CAGR of 43.2% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Third-generation Fluorinated Refrigerant market research.
Refrigerant is the medium used to complete energy conversion in various heat engines, mainly fluorinated refrigerant. It can be divided into ammonia, nitrogen, fluorine-containing, water and hydrocarbons, among which fluorine refrigerants with excellent thermodynamic performance are the most common. The third generation of hydrofluorocarbon (HFCs) refrigerants are represented by HFC-32 (R32), HFC-134a (R134A), HFC-125 (R125) and HFC-410a (R410a). Their ODP is zero, which does not damage the ozone layer, but the GWP value is high, and the greenhouse effect is significant. Third-generation refrigerants are widely used abroad. At present, they are in the early stage of elimination in some developed countries. Some developing countries, including China, have entered the quota reference period (2020 - 2022). During this period, the production and sales of third-generation refrigerants will become the main reference index for future manufacturers to obtain quotas. The replacement process of refrigerants is slow. It takes 8-10 years from the beginning of using a refrigerant to the end of the refrigeration equipment. There is still a large demand for the third generation of fluorinated refrigerants.
After calculation, due to the growth of servers and other applications, as well as the reduction of second-generation refrigerants caused by quota agreements, it is expected that in the next 5 years (2023-2029), the CAGR of the third-generation fluorinated refrigerants will be 43.2%, and the market size will be $44348 million in 2029. However, the market will face a decline after 2029.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Third-generation Fluorinated Refrigerant market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Chemours
Arkema
Daikin
Orbia Advance Corporation
Honeywell
Linde
Shandong Dongyue Organosilicon Materials Co.,Ltd.
Zhejiang Juhua Co.,Ltd.
Jiangsu Meilan Co.,Ltd.
Zhonghao Chenguang Co.,Ltd.
Zhejiang Sanmei Co.,Ltd.
Zhejiang Yonghe Refrigerant Co.,Ltd.
Segment by Type
R125 Refrigerant
R134a Refrigerant
R32 Refrigerant
Other
Segment by Application
Air Conditioner and Refrigerator
Automotive
Foaming Agent and Aerosol
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Third-generation Fluorinated Refrigerant report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Third-generation Fluorinated Refrigerant Market Overview
1.1 Product Definition
1.2 Third-generation Fluorinated Refrigerant Segment by Type
1.2.1 Global Third-generation Fluorinated Refrigerant Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 R125 Refrigerant
1.2.3 R134a Refrigerant
1.2.4 R32 Refrigerant
1.2.5 Other
1.3 Third-generation Fluorinated Refrigerant Segment by Application
1.3.1 Global Third-generation Fluorinated Refrigerant Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Air Conditioner and Refrigerator
1.3.3 Automotive
1.3.4 Foaming Agent and Aerosol
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global Third-generation Fluorinated Refrigerant Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Third-generation Fluorinated Refrigerant Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Third-generation Fluorinated Refrigerant Production Estimates and Forecasts (2018-2029)
1.4.4 Global Third-generation Fluorinated Refrigerant Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Third-generation Fluorinated Refrigerant Production Market Share by Manufacturers (2018-2023)
2.2 Global Third-generation Fluorinated Refrigerant Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Third-generation Fluorinated Refrigerant, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Third-generation Fluorinated Refrigerant Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Third-generation Fluorinated Refrigerant Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Third-generation Fluorinated Refrigerant, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Third-generation Fluorinated Refrigerant, Product Offered and Application
2.8 Global Key Manufacturers of Third-generation Fluorinated Refrigerant, Date of Enter into This Industry
2.9 Third-generation Fluorinated Refrigerant Market Competitive Situation and Trends
2.9.1 Third-generation Fluorinated Refrigerant Market Concentration Rate
2.9.2 Global 5 and 10 Largest Third-generation Fluorinated Refrigerant Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Third-generation Fluorinated Refrigerant Production by Region
3.1 Global Third-generation Fluorinated Refrigerant Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Third-generation Fluorinated Refrigerant Production Value by Region (2018-2029)
3.2.1 Global Third-generation Fluorinated Refrigerant Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Third-generation Fluorinated Refrigerant by Region (2024-2029)
3.3 Global Third-generation Fluorinated Refrigerant Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Third-generation Fluorinated Refrigerant Production by Region (2018-2029)
3.4.1 Global Third-generation Fluorinated Refrigerant Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Third-generation Fluorinated Refrigerant by Region (2024-2029)
3.5 Global Third-generation Fluorinated Refrigerant Market Price Analysis by Region (2018-2023)
3.6 Global Third-generation Fluorinated Refrigerant Production and Value, Year-over-Year Growth
3.6.1 North America Third-generation Fluorinated Refrigerant Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Third-generation Fluorinated Refrigerant Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Third-generation Fluorinated Refrigerant Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Third-generation Fluorinated Refrigerant Production Value Estimates and Forecasts (2018-2029)
4 Third-generation Fluorinated Refrigerant Consumption by Region
4.1 Global Third-generation Fluorinated Refrigerant Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Third-generation Fluorinated Refrigerant Consumption by Region (2018-2029)
4.2.1 Global Third-generation Fluorinated Refrigerant Consumption by Region (2018-2023)
4.2.2 Global Third-generation Fluorinated Refrigerant Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Third-generation Fluorinated Refrigerant Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Third-generation Fluorinated Refrigerant Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Third-generation Fluorinated Refrigerant Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Third-generation Fluorinated Refrigerant Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Third-generation Fluorinated Refrigerant Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Third-generation Fluorinated Refrigerant Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Third-generation Fluorinated Refrigerant Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Third-generation Fluorinated Refrigerant Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Third-generation Fluorinated Refrigerant Production by Type (2018-2029)
5.1.1 Global Third-generation Fluorinated Refrigerant Production by Type (2018-2023)
5.1.2 Global Third-generation Fluorinated Refrigerant Production by Type (2024-2029)
5.1.3 Global Third-generation Fluorinated Refrigerant Production Market Share by Type (2018-2029)
5.2 Global Third-generation Fluorinated Refrigerant Production Value by Type (2018-2029)
5.2.1 Global Third-generation Fluorinated Refrigerant Production Value by Type (2018-2023)
5.2.2 Global Third-generation Fluorinated Refrigerant Production Value by Type (2024-2029)
5.2.3 Global Third-generation Fluorinated Refrigerant Production Value Market Share by Type (2018-2029)
5.3 Global Third-generation Fluorinated Refrigerant Price by Type (2018-2029)
6 Segment by Application
6.1 Global Third-generation Fluorinated Refrigerant Production by Application (2018-2029)
6.1.1 Global Third-generation Fluorinated Refrigerant Production by Application (2018-2023)
6.1.2 Global Third-generation Fluorinated Refrigerant Production by Application (2024-2029)
6.1.3 Global Third-generation Fluorinated Refrigerant Production Market Share by Application (2018-2029)
6.2 Global Third-generation Fluorinated Refrigerant Production Value by Application (2018-2029)
6.2.1 Global Third-generation Fluorinated Refrigerant Production Value by Application (2018-2023)
6.2.2 Global Third-generation Fluorinated Refrigerant Production Value by Application (2024-2029)
6.2.3 Global Third-generation Fluorinated Refrigerant Production Value Market Share by Application (2018-2029)
6.3 Global Third-generation Fluorinated Refrigerant Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Chemours
7.1.1 Chemours Third-generation Fluorinated Refrigerant Corporation Information
7.1.2 Chemours Third-generation Fluorinated Refrigerant Product Portfolio
7.1.3 Chemours Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Chemours Main Business and Markets Served
7.1.5 Chemours Recent Developments/Updates
7.2 Arkema
7.2.1 Arkema Third-generation Fluorinated Refrigerant Corporation Information
7.2.2 Arkema Third-generation Fluorinated Refrigerant Product Portfolio
7.2.3 Arkema Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Arkema Main Business and Markets Served
7.2.5 Arkema Recent Developments/Updates
7.3 Daikin
7.3.1 Daikin Third-generation Fluorinated Refrigerant Corporation Information
7.3.2 Daikin Third-generation Fluorinated Refrigerant Product Portfolio
7.3.3 Daikin Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Daikin Main Business and Markets Served
7.3.5 Daikin Recent Developments/Updates
7.4 Orbia Advance Corporation
7.4.1 Orbia Advance Corporation Third-generation Fluorinated Refrigerant Corporation Information
7.4.2 Orbia Advance Corporation Third-generation Fluorinated Refrigerant Product Portfolio
7.4.3 Orbia Advance Corporation Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Orbia Advance Corporation Main Business and Markets Served
7.4.5 Orbia Advance Corporation Recent Developments/Updates
7.5 Honeywell
7.5.1 Honeywell Third-generation Fluorinated Refrigerant Corporation Information
7.5.2 Honeywell Third-generation Fluorinated Refrigerant Product Portfolio
7.5.3 Honeywell Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.5.4 Honeywell Main Business and Markets Served
7.5.5 Honeywell Recent Developments/Updates
7.6 Linde
7.6.1 Linde Third-generation Fluorinated Refrigerant Corporation Information
7.6.2 Linde Third-generation Fluorinated Refrigerant Product Portfolio
7.6.3 Linde Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Linde Main Business and Markets Served
7.6.5 Linde Recent Developments/Updates
7.7 Shandong Dongyue Organosilicon Materials Co.,Ltd.
7.7.1 Shandong Dongyue Organosilicon Materials Co.,Ltd. Third-generation Fluorinated Refrigerant Corporation Information
7.7.2 Shandong Dongyue Organosilicon Materials Co.,Ltd. Third-generation Fluorinated Refrigerant Product Portfolio
7.7.3 Shandong Dongyue Organosilicon Materials Co.,Ltd. Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Shandong Dongyue Organosilicon Materials Co.,Ltd. Main Business and Markets Served
7.7.5 Shandong Dongyue Organosilicon Materials Co.,Ltd. Recent Developments/Updates
7.8 Zhejiang Juhua Co.,Ltd.
7.8.1 Zhejiang Juhua Co.,Ltd. Third-generation Fluorinated Refrigerant Corporation Information
7.8.2 Zhejiang Juhua Co.,Ltd. Third-generation Fluorinated Refrigerant Product Portfolio
7.8.3 Zhejiang Juhua Co.,Ltd. Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Zhejiang Juhua Co.,Ltd. Main Business and Markets Served
7.7.5 Zhejiang Juhua Co.,Ltd. Recent Developments/Updates
7.9 Jiangsu Meilan Co.,Ltd.
7.9.1 Jiangsu Meilan Co.,Ltd. Third-generation Fluorinated Refrigerant Corporation Information
7.9.2 Jiangsu Meilan Co.,Ltd. Third-generation Fluorinated Refrigerant Product Portfolio
7.9.3 Jiangsu Meilan Co.,Ltd. Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Jiangsu Meilan Co.,Ltd. Main Business and Markets Served
7.9.5 Jiangsu Meilan Co.,Ltd. Recent Developments/Updates
7.10 Zhonghao Chenguang Co.,Ltd.
7.10.1 Zhonghao Chenguang Co.,Ltd. Third-generation Fluorinated Refrigerant Corporation Information
7.10.2 Zhonghao Chenguang Co.,Ltd. Third-generation Fluorinated Refrigerant Product Portfolio
7.10.3 Zhonghao Chenguang Co.,Ltd. Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Zhonghao Chenguang Co.,Ltd. Main Business and Markets Served
7.10.5 Zhonghao Chenguang Co.,Ltd. Recent Developments/Updates
7.11 Zhejiang Sanmei Co.,Ltd.
7.11.1 Zhejiang Sanmei Co.,Ltd. Third-generation Fluorinated Refrigerant Corporation Information
7.11.2 Zhejiang Sanmei Co.,Ltd. Third-generation Fluorinated Refrigerant Product Portfolio
7.11.3 Zhejiang Sanmei Co.,Ltd. Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.11.4 Zhejiang Sanmei Co.,Ltd. Main Business and Markets Served
7.11.5 Zhejiang Sanmei Co.,Ltd. Recent Developments/Updates
7.12 Zhejiang Yonghe Refrigerant Co.,Ltd.
7.12.1 Zhejiang Yonghe Refrigerant Co.,Ltd. Third-generation Fluorinated Refrigerant Corporation Information
7.12.2 Zhejiang Yonghe Refrigerant Co.,Ltd. Third-generation Fluorinated Refrigerant Product Portfolio
7.12.3 Zhejiang Yonghe Refrigerant Co.,Ltd. Third-generation Fluorinated Refrigerant Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Zhejiang Yonghe Refrigerant Co.,Ltd. Main Business and Markets Served
7.12.5 Zhejiang Yonghe Refrigerant Co.,Ltd. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Third-generation Fluorinated Refrigerant Industry Chain Analysis
8.2 Third-generation Fluorinated Refrigerant Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Third-generation Fluorinated Refrigerant Production Mode & Process
8.4 Third-generation Fluorinated Refrigerant Sales and Marketing
8.4.1 Third-generation Fluorinated Refrigerant Sales Channels
8.4.2 Third-generation Fluorinated Refrigerant Distributors
8.5 Third-generation Fluorinated Refrigerant Customers
9 Third-generation Fluorinated Refrigerant Market Dynamics
9.1 Third-generation Fluorinated Refrigerant Industry Trends
9.2 Third-generation Fluorinated Refrigerant Market Drivers
9.3 Third-generation Fluorinated Refrigerant Market Challenges
9.4 Third-generation Fluorinated Refrigerant Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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