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Report

Europe Refrigerant Market

Market Report I 2025-04-01 I 350 Pages I Data Bridge Market Research

Europe refrigerant market is expected to reach USD 10.12 billion by 2032 from USD 6.96 billion in 2024, growing with a substantial CAGR of 4.9% in the forecast period of 2025 to 2032.

Market Segmentation:
Europe Refrigerant Market, By Product (Fluorocarbon Refrigerant, Inorganic Refrigerants, and Hydrocarbon Refrigerant), GWP Category (High-GWP Refrigerants and Low-GWP Refrigerant), Application (Air Conditioning, Refrigeration, Chillers, Heat Pumps, and Others), End Use (Commercial Refrigeration, Industrial Refrigeration and Domestic/Household Refrigeration), Countries (Germany, U.K., Russia, France, Italy, Spain, Netherlands, Turkey, Belgium, Switzerland, Denmark, Sweden, Finland, Portugal, and Rest of Europe)- Industry Trends and Forecast to 2032
Overview of the Europe Refrigerant Market:

Driver
- Growth in cold chain logistics, pharmaceuticals, and food processing industries
Restraint
- High initial investmentin transitioning to new refrigerants and equipment
Opportunity
- Growing adoption of natural refrigerants
Market Players:

The key players operating in the Europe refrigerant market are:
- Honeywell International Inc.
- Arkema
- Tazzetti S.p.A
- DONGYUE GROUP
- A-Gas International Limited
- Entalpia Europe
- AGC Chemicals Europe, Ltd.
- Gas Servei
- GTS SPA
- Rhodia Chemicals Ltd. UK.
- National Refrigerants Ltd
- The Chemours Company
- Linde PLC
- DAIKIN INDUSTRIES, Ltd
- AIR LIQUIDE.
- SOL Spa

TABLE OF CONTENTS
1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 OVERVIEW 21
1.4 LIMITATIONS 22
1.5 MARKETS COVERED 22
2 MARKET SEGMENTATION 26
2.1 MARKETS COVERED 26
2.2 GEOGRAPHICAL SCOPE 27
2.3 YEARS CONSIDERED FOR THE STUDY 27
2.4 CURRENCY AND PRICING 27
2.5 DBMR TRIPOD DATA VALIDATION MODEL 28
2.6 MULTIVARIATE MODELING 31
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 32
2.8 DBMR MARKET POSITION GRID 33
2.9 DBMR VENDOR SHARE ANALYSIS 34
2.10 MARKET APPLICATION COVERAGE GRID 35
2.11 SECONDARY SOURCES 36
2.12 ASSUMPTIONS 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 43
4.1 PESTEL ANALYSIS 44
4.1.1 POLITICAL FACTORS 44
4.1.2 ECONOMIC FACTORS 44
4.1.3 SOCIAL FACTORS 45
4.1.4 TECHNOLOGICAL FACTORS 45
4.1.5 ENVIRONMENTAL FACTORS 46
4.1.6 LEGAL FACTORS 46
4.2 PORTER'S FIVE FORCES 47
4.2.1 THREAT OF NEW ENTRANTS 47
4.2.2 THREAT OF SUBSTITUTES 47
4.2.3 BARGAINING POWER OF BUYERS 48
4.2.4 BARGAINING POWER OF SUPPLIERS 48
4.2.5 COMPETITIVE RIVALRY 48
4.3 IMPORT EXPORT SCENARIO 49
4.4 PRICING ANALYSIS 50
4.5 PRODUCTION CAPACITY FOR TOP MANUFACTURERS 51
4.6 PRODUCTION CONSUMPTION ANALYSIS 52
4.6.1 PRODUCTION AND CONSUMPTION ANALYSIS OF THE EUROPE REFRIGERANT MARKET 52
4.6.1.1 PRODUCTION ANALYSIS 52
4.6.1.1.1 KEY MANUFACTURING COUNTRIES 52
4.6.1.1.2 TYPES OF REFRIGERANTS PRODUCED 52
4.6.2 PRODUCTION CONSTRAINTS 53
4.6.3 CONSUMPTION ANALYSIS 53
4.6.3.1 END-USE INDUSTRIES 53
4.6.3.2 MARKET TRENDS 53
4.6.4 CONCLUSION 53
4.7 VENDOR SELECTION CRITERIA 54
4.7.1 VENDOR SELECTION CRITERIA FOR THE EUROPE REFRIGERANT MARKET 54
4.7.2 REGULATORY COMPLIANCE 54
4.7.3 PRODUCT QUALITY AND CERTIFICATION 54
4.7.4 RANGE OF REFRIGERANTS OFFERED 55
4.7.5 RELIABILITY AND SUPPLY CHAIN EFFICIENCY 55
4.7.6 PRICING AND COST-EFFECTIVENESS 55
4.7.7 SUSTAINABILITY AND ENVIRONMENTAL IMPACT 55
4.7.8 TECHNICAL SUPPORT AND AFTER-SALES SERVICE 55
4.7.9 REPUTATION AND CUSTOMER REVIEWS 55
4.7.10 INNOVATION AND FUTURE-READINESS 55
4.7.11 SAFETY AND STORAGE FACILITIES 55
4.7.12 CONCLUSION 55
4.8 CLIMATE CHANGE SCENARIO 56
4.8.1 REGULATORY PUSH FOR LOW-GWP REFRIGERANTS 56
4.8.2 INCREASING DEMAND FOR COOLING SOLUTIONS 56
4.8.3 RISE OF NATURAL AND LOW-GWP REFRIGERANTS 56
4.8.4 ADVANCEMENTS IN SUSTAINABLE COOLING TECHNOLOGIES 56
4.8.5 EMPHASIS ON REFRIGERANT RECOVERY AND RECYCLING 57
4.8.6 COMPETITIVE LANDSCAPE AND INDUSTRY COLLABORATION 57
4.9 RAW MATERIAL COVERAGE OF THE EUROPE REFRIGERANT MARKET 58
4.9.1 INTRODUCTION 58
4.9.2 KEY RAW MATERIALS IN REFRIGERANT PRODUCTION 58
4.9.2.1 FLUORINE-BASED COMPOUNDS 58
4.9.2.2 HYDROCARBONS (METHANE, ETHANE, PROPANE, AND BUTANE) 58
4.9.2.3 CHLORINE-BASED COMPOUNDS 58
4.9.2.4 CARBON DIOXIDE (CO?) 58
4.9.2.5 AMMONIA (NH?) 58
4.9.3 SUPPLY CHAIN AND PRICING DYNAMICS 59
4.9.4 CONCLUSION 59
4.10 SUPPLY CHAIN ANALYSIS 60
4.10.1 RAW MATERIAL SOURCING AND PRODUCTION 60
4.10.2 DISTRIBUTION AND LOGISTICS 60
4.10.3 REFRIGERANT STORAGE AND SAFETY COMPLIANCE 60
4.10.4 END-USER APPLICATIONS AND MARKET DEMAND 60
4.10.5 RECOVERY, RECYCLING, AND RECLAMATION 61
4.10.6 CHALLENGES AND EVOLVING TRENDS 61
4.11 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURER 62
4.11.1 TRANSITION TO LOW-GWP AND NATURAL REFRIGERANTS 62
4.11.2 RISE OF HYDROFLUOROOLEFINS (HFOS) AS NEXT-GENERATION REFRIGERANTS 62
4.11.3 INTEGRATION OF SMART AND ENERGY-EFFICIENT REFRIGERATION SYSTEMS 62
4.11.4 ADVANCEMENTS IN REFRIGERANT RECOVERY AND RECYCLING TECHNOLOGIES 62
4.11.5 DEVELOPMENT OF HYBRID REFRIGERATION SYSTEMS 62
5 REGULATION COVERAGE 64
6 MARKET OVERVIEW 65
6.1 DRIVERS 67
6.1.1 GROWTH IN COLD CHAIN LOGISTICS, PHARMACEUTICALS, AND FOOD PROCESSING INDUSTRIES 67
6.1.2 INCREASING DEMAND FOR ENERGY-EFFICIENT AND ECO-FRIENDLY REFRIGERATION SOLUTIONS 67
6.1.3 TECHNOLOGICAL ADVANCEMENTS IN REFRIGERANT SYSTEMS 68
6.1.4 STRINGENT ENVIRONMENTAL REGULATIONS PROMOTING LOW-GWP REFRIGERANTS 69
6.2 RESTRAINTS 70
6.2.1 HIGH INITIAL INVESTMENT IN TRANSITIONING TO NEW REFRIGERANTS AND EQUIPMENT 70
6.2.2 SAFETY CONCERNS RELATED TO FLAMMABLE OR TOXIC REFRIGERANTS 70
6.3 OPPORTUNITIES 71
6.3.1 GROWING ADOPTION OF NATURAL REFRIGERANTS 71
6.3.2 GOVERNMENT INCENTIVES FOR GREEN AND ENERGY-EFFICIENT REFRIGERATION TECHNOLOGIES 72
6.4 CHALLENGES 73
6.4.1 HIGH COSTS OF R&D IN SUSTAINABLE REFRIGERANT 73
6.4.2 COMPLEX RETROFITTING REQUIREMENTS FOR EXISTING REFRIGERATION SYSTEMS 73
7 EUROPE REFRIGERANT MARKET, BY PRODUCT 75
7.1 OVERVIEW 76
7.2 FLUOROCARBON REFRIGERANT 78
7.2.1 FLUOROCARBON REFRIGERANT, BY PRODUCT 78
7.2.1.1 HYDROFLUOROOLEFINS (HFOS), BY PRODUCT 78
7.3 INORGANIC REFRIGERANTS 79
7.3.1 INORGANIC REFRIGERANT, BY PRODUCT 79
7.4 HYDROCARBON REFRIGERANT 80
7.4.1 HYDROCARBON REFRIGERANT, BY PRODUCT 80
8 EUROPE REFRIGERANT MARKET, BY GWP CATEGORY 81
8.1 OVERVIEW 82
8.2 HIGH-GWP REFRIGERANTS 83
8.3 LOW-GWP REFRIGERANTS 83
9 EUROPE REFRIGERANT MARKET, BY APPLICATION 84
9.1 OVERVIEW 85
9.2 AIR CONDITIONING 86
9.2.1 AIR CONDITIONING, BY TYPE 86
9.3 REFRIGERATION 87
9.4 CHILLERS 87
9.5 HEAT PUMPS 87
9.6 OTHERS 87
10 EUROPE REFRIGERANT MARKET, BY END USE 88
10.1 OVERVIEW 89
10.2 COMMERCIAL REFRIGERATION 90
10.2.1 COMMERCIAL REFRIGERATION, BY TYPE 90
10.3 INDUSTRIAL REFRIGERATION 91
10.3.1 INDUSTRIAL REFRIGERATION, BY TYPE 91
10.3.1.1 AUTOMOTIVE, BY TYPE 91
10.4 DOMESTIC/HOUSEHOLD REFRIGERATION 92
11 EUROPE REFRIGERANT MARKET BY COUNTRY 93
11.1 EUROPE 93
11.1.1 GERMANY 96
11.1.2 U.K. 101
11.1.3 RUSSIA 106
11.1.4 FRANCE 111
11.1.5 ITALY 116
11.1.6 SPAIN 121
11.1.7 NETHERLANDS 126
11.1.8 TURKEY 131
11.1.9 BELGIUM 136
11.1.10 SWITZERLAND 141
11.1.11 DENMARK 146
11.1.12 SWEDEN 151
11.1.13 FINLAND 156
11.1.14 PORTUGAL 161
11.1.15 REST OF EUROPE 166
12 EUROPE REFRIGERANT MARKET: COMPANY LANDSCAPE 167
12.1 COMPANY SHARE ANALYSIS: EUROPE 167
13 SWOT ANALYSIS 168
14 COMPANY PROFILES 169
14.1 LINDE PLC 169
14.1.1 COMPANY SNAPSHOT 169
14.1.2 REVENUE ANALYSIS 169
14.1.3 PRODUCT PORTFOLIO 170
14.1.4 RECENT DEVELOPMENT 170
14.2 ARKEMA 171
14.2.1 COMPANY SNAPSHOT 171
14.2.2 REVENUE ANALYSIS 171
14.2.3 PRODUCT PORTFOLIO 172
14.2.4 RECENT DEVELOPMENT/NEWS 174
14.3 THE CHEMOURS COMPANY 175
14.3.1 COMPANY SNAPSHOT 175
14.3.2 REVENUE ANALYSIS 175
14.3.3 PRODUCT PORTFOLIO 176
14.3.4 RECENT DEVELOPMENT/NEWS 177
14.4 HONEYWELL INTERNATIONAL INC 178
14.4.1 COMPANY SNAPSHOT 178
14.4.2 REVENUE ANALYSIS 179
14.4.3 PRODUCT PORTFOLIO 179
14.4.4 RECENT DEVELOPMENTS/NEWS 184
14.5 AIR LIQUIDE 185
14.5.1 COMPANY SNAPSHOT 185
1.1.4 REVENUE ANALYSIS 185
1.1.4 PRODUCT PORTFOLIO 186
14.5.2 RECENT DEVELOPMENT 187
14.6 A-GAS INTERNATIONAL LIMITED 188
14.6.1 COMPANY SNAPSHOT 188
14.6.2 PRODUCT PORTFOLIO 188
14.6.3 RECENT NEWS 188
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14.7 AGC CHEMICALS EUROPE, LTD. 190
14.7.1 COMPANY SNAPSHOT 190
14.7.2 PRODUCT PORTFOLIO 190
14.7.3 RECENT DEVELOPMENT 190
14.8 DAIKIN INDUSTRIES, LTD. 191
14.8.1 COMPANY SNAPSHOT 191
14.8.2 REVENUE ANALYSIS 191
14.8.3 PRODUCT PORTFOLIO 192
14.8.4 RECENT DEVELOPMENT 192
14.9 DONGYUE GROUP 193
14.9.1 COMPANY SNAPSHOT 193
14.9.2 REVENUE ANALYSIS 193
1.1.4 PRODUCT PORTFOLIO 194
14.9.3 RECENT DEVELOPMENT 194
14.10 ENTALPIA EUROPE 195
14.10.1 COMPANY SNAPSHOT 195
14.10.2 PRODUCT PORTFOLIO 195
14.10.3 RECENT DEVELOPMENT 197
14.11 GAS SERVICE 198
14.11.1 COMPANY SNAPSHOT 198
14.11.2 PRODUCT PORTFOLIO 198
14.11.3 RECENT DEVELOPMENT 198
14.12 GTS SPA 199
14.12.1 COMPANY SNAPSHOT 199
14.12.2 PRODUCT PORTFOLIO 199
14.12.3 RECENT DEVELOPMENT 201
14.13 NATIONAL REFRIGERANTS LTD 202
14.13.1 COMPANY SNAPSHOT 202
14.13.2 PRODUCT PORTFOLIO 202
14.13.3 RECENT NEWS 203
14.14 RHODIA CHEMICALS LTD. UK. 204
14.14.1 COMPANY SNAPSHOT 204
14.14.2 PRODUCT PORTFOLIO 204
14.14.3 RECENT DEVELOPMENT 205
14.15 SOL SPA 206
14.15.1 COMPANY SNAPSHOT 206
14.15.2 REVENUE ANALYSIS 206
1.1.4 PRODUCT PORTFOLIO 207
14.15.3 RECENT DEVELOPMENT 207

14.16 TAZZETTI S.P.A. 208
14.16.1 COMPANY SNAPSHOT 208
14.16.2 PRODUCT PORTFOLIO 208
14.16.3 RECENT DEVELOPMENT 208
15 QUESTIONNAIRE 209
16 RELATED REPORTS 212
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