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Report

Southeast Asia Refrigerant Market

Market Report I 2025-07-01 I 350 Pages I Data Bridge Market Research

The Southeast Asia Refrigerant Market is expected to reach USD 1,783,639.38 thousand by 2032 from USD 1,148,794.33 thousand in 2024, growing with a substantial CAGR of 5.7% in the forecast period of 2025 to 2032.
Market Segmentation:
By Product (Fluorocarbon Refrigerant and Inorganic Refrigerants, Hydrocarbon Refrigerant), GWP Category (High-GWP Refrigerants and Low-GWP Refrigerants), Application (Air Conditioning, Refrigeration, Chillers, Heat Pumps and Others), End Use (Commercial Refrigeration, Industrial Refrigeration and Domestic/Household Refrigeration), Countries (Indonesia, Thailand, Vietnam, Malaysia, Philippines, Singapore, Myanmar, and Rest of Southeast Asia) - Industry Trends & Forecast To 2032
Overview of the Southeast Asia Refrigerant Market are:

Driver

- Growth in cold chain logistics, pharmaceuticals, and food processing industries

Restrain

- High initial investment in transitioning to new refrigerants and equipment
Opportunity

- Growing ADOPTION OF NATURAL REFRIGERANTS
Market Players:

The key market players for Southeast Asia Refrigerant market are listed below:

- Linde PLC (U.K.)
- AIR LIQUIDE (France)
- The Chemours Company (U.S.)
- DAIKIN INDUSTRIES, Ltd (Japan)
- Arkema (France)
- Honeywell International Inc. (U.S.)
- SOL Spa (Italy)
- DONGYUE GROUP (China)
- National Refrigerants Ltd (U.K.)
- GTS SPA (Italy)

TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 OVERVIEW 15
1.4 LIMITATIONS 16
1.5 MARKETS COVERED 17
2 MARKET SEGMENTATION 20
2.1 MARKETS COVERED 20
2.2 GEOGRAPHICAL SCOPE 21
2.3 YEARS CONSIDERED FOR THE STUDY 21
2.4 CURRENCY AND PRICING 22
2.5 DBMR TRIPOD DATA VALIDATION MODEL 23
2.6 MULTIVARIATE MODELING 26
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 27
2.8 DBMR MARKET POSITION GRID 29
2.9 DBMR VENDOR SHARE ANALYSIS 30
2.10 MARKET APPLICATION COVERAGE GRID 31
2.11 SECONDARY SOURCES 32
2.12 ASSUMPTIONS 33
3 EXECUTIVE SUMMARY 34
4 PREMIUM INSIGHTS 39
4.1 PESTAL ANALYSIS 40
4.2 PORTERS FIVE FORCES ANALYSIS 41
4.3 CLIMATE CHANGE SCENARIO 42
4.4 IMPORT EXPORT SCENARIO 44
4.5 PRICING ANALYSIS 45
4.6 PRODUCTION CAPACITY ANALYSIS 46
4.7 PRODUCTION CONSUMPTION ANALYSIS 48
4.8 RAW MATERIAL COVERAGE - 50
4.9 SUPPLY CHAIN ANALYSIS 52
4.10 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURER 54
4.11 VENDOR SELECTION CRITERIA 55
5 REGULATION COVERAGE 58
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6 MARKET OVERVIEW 60
6.1 DRIVERS 62
6.1.1 GROWTH IN COLD CHAIN LOGISTICS, PHARMACEUTICALS, AND FOOD PROCESSING INDUSTRIES 62
6.1.2 INCREASING DEMAND FOR ENERGY-EFFICIENT AND ECO-FRIENDLY REFRIGERATION SOLUTIONS 63
6.1.3 TECHNOLOGICAL ADVANCEMENTS IN REFRIGERANT SYSTEMS 64
6.1.4 STRINGENT ENVIRONMENTAL REGULATIONS PROMOTING LOW-GWP REFRIGERANTS 65
6.2 RESTRAINTS 66
6.2.1 HIGH INITIAL INVESTMENT IN TRANSITIONING TO NEW REFRIGERANTS AND EQUIPMENT 66
6.2.2 SAFETY CONCERNS RELATED TO FLAMMABLE OR TOXIC REFRIGERANTS 67
6.3 OPPORTUNITIES 68
6.3.1 GROWING ADOPTION OF NATURAL REFRIGERANTS 68
6.3.2 GOVERNMENT INCENTIVES FOR GREEN AND ENERGY-EFFICIENT REFRIGERATION TECHNOLOGIES 69
6.3.3 RISING CONSUMER AWARENESS AND SHIFT TOWARDS SUSTAINABLE COOLING SOLUTIONS 70
6.4 CHALLENGES 71
6.4.1 HIGH COSTS OF R&D IN SUSTAINABLE REFRIGERANT 71
6.4.2 COMPLEX RETROFITTING REQUIREMENTS FOR EXISTING REFRIGERATION SYSTEMS 72
7 SOUTHEAST ASIA REFRIGERANT MARKET, BY PRODUCT 73
7.1 OVERVIEW 74
7.2 FLUOROCARBON REFRIGERANT 75
7.2.1 FLUOROCARBON REFRIGERANT, BY PRODUCT 75
7.2.1.1 HYDROFLUOROCARBONS (HFCS) 75
7.2.1.2 HYDROCHLOROFLUOROCARBONS HCFCS) 75
7.2.1.3 HYDROFLUOROOLEFINS (HFOS) 75
7.2.1.4 OTHERS 75
7.2.1.5 HYDROFLUOROOLEFINS (HFOS), BY PRODUCT 76
7.2.1.5.1 R-1234ZE 76
7.2.1.5.2 R-1234YF 76
7.3 INORGANIC REFRIGERANTS 77
7.3.1 INORGANIC REFRIGERANT, BY PRODUCT 77
7.3.1.1 AMMONIA 77
7.3.1.2 CARBON DIOXIDE 77
7.3.1.3 WATER 77
7.3.1.4 OTHERS 77
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7.4 HYDROCARBON REFRIGERANT 78
7.4.1 HYDROCARBON REFRIGERANT, BY PRODUCT 78
7.4.1.1 PROPANE (R-290) 78
7.4.1.2 ISO-BUTANE (R-600A) 78
7.4.1.3 PROPYLENE 78
7.4.1.4 BUTANE (R-600) 78
7.4.1.5 METHANE 78
7.4.1.6 ETHANE 78
7.4.1.7 ETHYLENE 78
7.4.1.8 OTHERS 78
8 SOUTHEAST ASIA REFRIGERANT MARKET, BY GWP CATEGORY 79
8.1 OVERVIEW 80
8.2 HIGH-GWP REFRIGERANTS 81
8.3 LOW-GWP REFRIGERANTS 81
9 SOUTHEAST ASIA REFRIGERANT MARKET, BY APPLICATION 82
9.1 OVERVIEW 83
9.2 AIR CONDITIONING 84
9.2.1 AIR CONDITIONING, BY TYPE 84
9.2.1.1 STATIONARY AIR CONDITIONING 84
9.2.1.2 MOBILE AIR CONDITIONING 84
9.2.1.3 OTHERS 84
9.3 REFRIGERATION 85
9.4 CHILLERS 85
9.5 HEAT PUMPS 85
9.6 OTHERS 85
10 SOUTHEAST ASIA REFRIGERANT MARKET, BY END USE 86
10.1 OVERVIEW 87
10.2 COMMERCIAL REFRIGERATION 88
10.2.1 COMMERCIAL REFRIGERATION, BY TYPE 88
10.2.1.1 HOTELS & RESTAURANTS 88
10.2.1.2 OFFICE SPACES 88
10.2.1.3 SUPERMARKETS/HYPERMARKETS 88
10.2.1.4 OTHERS 88
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10.3 INDUSTRIAL REFRIGERATION 89
10.3.1 INDUSTRIAL REFRIGERATION, BY TYPE 89
10.3.1.1 CHEMICAL & PETROCHEMICAL 89
10.3.1.2 PHARMACEUTICALS 89
10.3.1.3 FOOD & BEVERAGE 89
10.3.1.4 AUTOMOTIVE 89
10.3.1.5 HEALTHCARE 89
10.3.1.6 OTHERS 89
10.3.1.7 AUTOMOTIVE, BY TYPE 90
10.3.1.7.1 PASSENGER VEHICLES 90
10.3.1.7.2 COMMERCIAL VEHICLES 90
10.4 DOMESTIC/HOUSEHOLD REFRIGERATION 90
11 SOUTHEAST ASIA REFRIGERANT MARKET BY COUNTRIES 91
11.1 SOUTHEAST ASIA 91
11.1.1 INDONESIA 93
11.1.2 THAILAND 97
11.1.3 VIETNAM 101
11.1.4 MALAYSIA 105
11.1.5 PHILIPPINES 109
11.1.6 SINGAPORE 113
11.1.7 MYANMAR 117
11.1.8 REST OF SOUTHEAST ASIA 121
12 SOUTHEAST ASIA REFRIGERANT MARKET: COMPANY LANDSCAPE 122
12.1 COMPANY SHARE ANALYSIS: EUROPE 122
13 SWOT ANALYSIS 123
14 COMPANY PROFILES 124
14.1 LINDE PLC 124
14.1.1 COMPANY SNAPSHOT 124
14.1.2 REVENUE ANALYSIS 125
14.1.3 PRODUCT PORTFOLIO 125
14.1.4 RECENT DEVELOPMENT 125
14.2 AIR LIQUIDE 126
14.2.1 COMPANY SNAPSHOT 126
14.2.2 REVENUE ANALYSIS 126
14.2.3 PRODUCT PORTFOLIO 127
14.2.4 RECENT DEVELOPMENT 127
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14.3 THE CHEMOURS COMPANY 128
14.3.1 COMPANY SNAPSHOT 128
14.3.2 REVENUE ANALYSIS 128
14.3.3 PRODUCT PORTFOLIO 129
14.3.4 RECENT DEVELOPMENT/NEWS 130
14.4 DAIKIN INDUSTRIES, LTD. 131
14.4.1 COMPANY SNAPSHOT 131
14.4.2 REVENUE ANALYSIS 131
14.4.3 PRODUCT PORTFOLIO 132
14.4.4 RECENT DEVELOPMENT 132
14.5 ARKEMA 133
14.5.1 COMPANY SNAPSHOT 133
14.5.2 REVENUE ANALYSIS 133
14.5.3 PRODUCT PORTFOLIO 134
14.5.4 RECENT DEVELOPMENT/NEWS 134
14.6 A-GAS INTERNATIONAL LIMITED 135
14.6.1 COMPANY SNAPSHOT 135
14.6.2 PRODUCT PORTFOLIO 135
14.6.3 RECENT DEVELOPMENT 136
14.7 DONGYUE GROUP 137
14.7.1 COMPANY SNAPSHOT 137
14.7.2 REVENUE ANALYSIS 137
14.7.3 PRODUCT PORTFOLIO 138
14.7.4 RECENT DEVELOPMENT 139
14.8 EASTERN WINTER TRADING PTE LTD 140
14.8.1 COMPANY SNAPSHOT 140
14.8.2 PRODUCT PORTFOLIO 140
14.8.3 RECENT DEVELOPMENT 141
14.9 ENTALPIA EUROPE 142
14.9.1 COMPANY SNAPSHOT 142
14.9.2 PRODUCT PORTFOLIO 142
14.9.3 RECENT DEVELOPMENT 143
14.10 GLOBAL GASES GROUP THAILAND CO LTD. 144
14.10.1 COMPANY SNAPSHOT 144
14.10.2 PRODUCT PORTFOLIO 144
14.10.3 RECENT DEVELOPMENT 145
14.11 GTS SPA 146
14.11.1 COMPANY SNAPSHOT 146
14.11.2 PRODUCT PORTFOLIO 146
14.11.3 RECENT DEVELOPMENT 147
14.12 HONEYWELL INTERNATIONAL INC 148
14.12.1 COMPANY SNAPSHOT 148
14.12.2 REVENUE ANALYSIS 148
14.12.3 PRODUCT PORTFOLIO 149
14.12.4 RECENT DEVELOPMENT 149
14.13 PVCK. 150
14.13.1 COMPANY SNAPSHOT 150
14.13.2 PRODUCT PORTFOLIO 150
14.13.3 RECENT DEVELOPMENT 151
14.14 RHODIA CHEMICALS LTD. 152
14.14.1 COMPANY SNAPSHOT 152
14.14.2 PRODUCT PORTFOLIO 152
14.14.3 RECENT DEVELOPMENT 153
14.15 SRF 154
14.15.1 COMPANY SNAPSHOT 154
14.15.2 REVENUE ANALYSIS 154
14.15.3 PRODUCT PORTFOLIO 155
14.15.4 RECENT DEVELOPMENT 155
15 QUESTIONNAIRE 156
16 RELATED REPORTS 159
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