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    US Low GWP Refrigerants Market

    ID: MRFR/CnM/16861-HCR
    111 Pages
    Chitranshi Jaiswal
    October 2025

    US Low GWP Refrigerants Market Research Report: By Type (Inorganics, Hydrocarbons, Fluorocarbons) - Forecast to 2035

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    US Low GWP Refrigerants Market Infographic
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    US Low GWP Refrigerants Market Summary

    The United States Low GWP Refrigerants market is projected to experience substantial growth from 5.5 USD Billion in 2024 to 23.4 USD Billion by 2035.

    Key Market Trends & Highlights

    US Low GWP Refrigerants Key Trends and Highlights

    • The market is expected to grow at a compound annual growth rate (CAGR) of 14.07% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 23.4 USD Billion, indicating robust expansion.
    • In 2024, the market is valued at 5.5 USD Billion, reflecting the increasing demand for environmentally friendly refrigerants.
    • Growing adoption of low GWP refrigerants due to stringent environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 5.5 (USD Billion)
    2035 Market Size 23.4 (USD Billion)
    CAGR (2025-2035) 14.07%

    Major Players

    Chemours, RANZ, Linde, BASF, Mitsubishi Chemical, Johnson Controls, Active Refrigerants, Trane Technologies, DuPont, Solvay, Gulf Coast Chemical, Honeywell, AGas, Arkema, Refrigerant Solutions

    US Low GWP Refrigerants Market Trends

    The US Low GWP Refrigerants Market is experiencing significant growth driven by regulatory changes and environmental awareness. The Environmental Protection Agency (EPA) has implemented stringent regulations to phase down high global warming potential (GWP) refrigerants as part of its broader commitment to combat climate change. This push for greater sustainability encourages manufacturers and businesses to switch to low GWP alternatives. Additionally, the growing demand for energy-efficient cooling solutions among consumers highlights the importance of environmental responsibility, further driving the adoption of low GWP refrigerants.

    Opportunities exist for companies in the industry to innovate and develop new low GWP refrigerant products.As refrigeration and air conditioning systems are used in various sectors, including commercial, residential, and industrial applications, there is a significant market potential for alternatives that meet both efficiency and regulatory standards. Organizations exploring novel refrigerant formulations can capture attention in this rapidly evolving market. Recent trends indicate a shift towards natural refrigerants and new synthetic refrigerants that have minimal environmental impact. Advances in technology are facilitating the transition to these alternatives, making them more accessible to a broader range of applications.

    In addition, greater collaboration among industry stakeholders, including manufacturers, policymakers, and environmental advocates, is fostering a culture of innovation and support for low GWP solutions.Overall, the landscape of the US Low GWP Refrigerants Market is transforming due to regulatory pressures, evolving consumer preferences, and a focus on sustainable solutions. As the country continues to implement more stringent policies and encourages eco-friendly practices, the adoption of low GWP refrigerants is likely to expand, benefiting both the environment and the economy.

    Market Segment Insights

    Low GWP Refrigerants Market Type Insights

    The US Low GWP Refrigerants Market has experienced significant transformations, particularly in its Type segment, which comprises Inorganics, Hydrocarbons, and Fluorocarbons. This market is shaped by increasing regulations aimed at reducing greenhouse gas emissions, leading to a robust demand for alternative refrigerants with lower global warming potential. Inorganics, including substances like ammonia and water, play a vital role due to their natural properties and efficiency in various applications.

    Their use is often driven by industries looking to adopt more sustainable practices while maintaining operational efficiency, thus highlighting their importance in sectors such as commercial refrigeration and air conditioning.Hydrocarbons, such as propane and isobutane, are gaining traction due to their excellent thermodynamic properties and negligible ozone depletion potential. This segment is particularly favored in applications where safety and environmental impact are paramount. Hydrocarbons have established a reputation for being energy-efficient and cost-effective, thereby making them increasingly popular across various sectors, including residential and commercial refrigeration.

    Their relevance is emphasized by initiatives encouraging the adoption of more eco-friendly refrigerants, thus positioning hydrocarbons as a preferred choice for sustainable cooling solutions.Meanwhile, the Fluorocarbons segment, while traditionally dominant, is undergoing a notable transformation. The shift is driven by stringent regulatory measures seeking to phase out high-GWP fluorinated gases, prompting a transition towards low-GWP alternatives. Nevertheless, certain fluorocarbons with lower global warming potential continue to be utilized in specialized applications, where their properties, such as stability and efficiency, are required.

    The ongoing developments and innovations within this segment reflect the industry's adaptability in response to shifting consumer demands and environmental considerations.Overall, the dynamics within the Type segment of the US Low GWP Refrigerants Market showcase a pivotal shift towards sustainability, with each category contributing distinct advantages. The regulatory landscape and the industry's commitment to reducing carbon footprints are propelling advancements and refining market strategies across these diverse refrigerant types. As companies continue to align their operations with eco-friendly practices, the market’s evolution remains closely tied to the innovations and transformations within each category.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about US Low GWP Refrigerants Market Research Report - Forecast Till 2035

    Key Players and Competitive Insights

    The US Low GWP Refrigerants Market is characterized by a growing emphasis on environmentally friendly alternatives to traditional refrigerants, driven by regulations and a shift in consumer preference towards low global warming potential (GWP) solutions. This market has witnessed a flurry of activity as manufacturers strive to innovate and adapt their product offerings to comply with evolving environmental regulations. Competitive dynamics are shaped by factors such as technology advancements, product development, supply chain management, and strategic partnerships.

    Companies are vying for market share by enhancing product portfolios with efficient low GWP refrigerants, which not only meet regulatory requirements but also cater to an increasing demand for sustainable practices across various industries, including commercial refrigeration, air conditioning, and automotive sectors. The landscape is marked by collaborations and mergers among key players aiming to strengthen their market positions while addressing consumer needs.Chemours holds a significant presence in the US Low GWP Refrigerants Market, primarily recognized for its innovation and extensive product line aimed at substituting harmful refrigerants with eco-friendly alternatives.

    The company's strengths lie in its robust research and development capabilities, enabling the launch of advanced low GWP solutions that meet regulatory standards while providing high efficiency and performance. Chemours' established brand reputation contributes to consumer trust, further solidifying its market position. Furthermore, their proactive approach to compliance with environmental regulations enhances their competitive edge, ensuring their products not only meet but often exceed industry standards.

    The company is actively positioning itself in the market by forging partnerships and alliances that allow it to leverage complementary strengths, amplifying its reach and impact within the Low GWP refrigerants sector.RANZ is emerging as a formidable player in the US Low GWP Refrigerants Market, focusing on providing tailored solutions that prioritize sustainability without compromising on efficiency. The company offers a wide range of key products, including innovative refrigerant blends designed specifically for diverse applications such as commercial refrigeration and HVAC systems.

    RANZ’s market presence is bolstered by its commitment to research and development, enabling continual improvements and adaptations of its product offerings to align with the latest environmental standards. This dedication positions RANZ to capitalize on the growing demand for low GWP refrigerants and showcases its strengths in offering versatile products. The company has also pursued strategic mergers and acquisitions to expand its capabilities and enhance its technological prowess, allowing them to respond effectively to market trends and customer needs.

    Through these efforts, RANZ is well-positioned to play a significant role in shaping the future of the Low GWP Refrigerants Market in the United States.

    Key Companies in the US Low GWP Refrigerants Market market include

    Industry Developments

    The US Low Global Warming Potential (GWP) Refrigerants Market has observed significant developments through 2023. The push towards sustainable solutions, driven by regulatory changes in response to climate concerns, has intensified competition among key players such as Chemours, Honeywell, and Linde. Recent regulations mandated by the Environmental Protection Agency emphasize the reduction of hydrofluorocarbon (HFC) usage, compelling companies like DuPont and Arkema to enhance their product offerings in low GWP refrigerants. Notably, in August 2023, Honeywell announced its intention to acquire a small firm specializing in sustainable cooling technologies, marking a strategic expansion in its portfolio.

    Financially, the market has been buoyed by increased investments in innovation and Research and Development, leading to a surge in revenue for leading companies like Trane Technologies and Mitsubishi Chemical. Moreover, the introduction of the American Innovation and Manufacturing Act of December 2020 has fostered a structured phase-down of HFCs, promoting enterprise adaptability. As major corporations continue to innovate and seek merger opportunities, the market dynamics remain competitive with a strong emphasis on environmental responsibility, reflecting broader trends in the US regulatory landscape.

    Market Segmentation

    Outlook

    • Inorganics
    • Hydrocarbons
    • Fluorocarbons

    Low GWP Refrigerants Market Type Outlook

    • Inorganics
    • Hydrocarbons
    • Fluorocarbons

    Report Scope

    Report Scope:
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 4.64(USD Billion)
    MARKET SIZE 2024 5.5(USD Billion)
    MARKET SIZE 2035 23.4(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 14.069% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Chemours, RANZ, Linde, BASF, Mitsubishi Chemical, Johnson Controls, Active Refrigerants, Trane Technologies, DuPont, Solvay, Gulf Coast Chemical, Honeywell, AGas, Arkema, Refrigerant Solutions
    SEGMENTS COVERED Type
    KEY MARKET OPPORTUNITIES Regulatory support for sustainable solutions, Increasing demand for eco-friendly alternatives, Growth in HVAC and refrigeration sectors, Technological advancements in refrigerant formulations, Rising consumer awareness on climate impact
    KEY MARKET DYNAMICS Regulatory compliance pressure, Growing environmental awareness, Technological advancements in refrigeration, Shift to sustainable alternatives, Increasing demand from end-users
    COUNTRIES COVERED US

    FAQs

    What is the projected market size of the US Low GWP Refrigerants Market in 2024?

    The market size of the US Low GWP Refrigerants Market is projected to be valued at 5.5 billion USD in 2024.

    What is the expected market value of the US Low GWP Refrigerants Market by 2035?

    By 2035, the US Low GWP Refrigerants Market is expected to reach a total value of 23.4 billion USD.

    What is the expected CAGR for the US Low GWP Refrigerants Market from 2025 to 2035?

    The US Low GWP Refrigerants Market is anticipated to grow at a CAGR of 14.069% from 2025 to 2035.

    Which segment is projected to be the largest within the US Low GWP Refrigerants Market by 2035?

    The Hydrocarbons segment is projected to hold the largest share, expected to be valued at 8.6 billion USD by 2035.

    Who are the key players in the US Low GWP Refrigerants Market?

    Major players in the US Low GWP Refrigerants Market include Chemours, Linde, BASF, Mitsubishi Chemical, and Honeywell among others.

    How much is the Inorganics segment of the US Low GWP Refrigerants Market expected to be valued in 2035?

    The Inorganics segment is projected to be valued at 5.1 billion USD in 2035.

    What opportunities exist for growth in the US Low GWP Refrigerants Market?

    Growth opportunities in the market stem from the increasing demand for environmentally friendly refrigerants and stringent regulations.

    What is the expected market size for the Fluorocarbons segment in 2024?

    The Fluorocarbons segment of the US Low GWP Refrigerants Market is expected to be valued at 2.3 billion USD in 2024.

    What challenges does the US Low GWP Refrigerants Market face in the coming years?

    Challenges include regulatory hurdles and competition from alternative cooling technologies in the market.

    How significant is the role of the current global scenario on the US Low GWP Refrigerants Market?

    The current global scenario impacts the US Low GWP Refrigerants Market by influencing supply chains and regulatory landscapes.

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