Global Natural Refrigerants Market Growth 2023-2029

Natural refrigerants are natural substances that serve as refrigerants in refrigeration systems (including refrigerators, HVAC, and air conditioning). They are alternatives to hydrofluorocarbon (HFC), hydro chlorofluorocarbon (HCFC) and chlorofluorocarbon (CFC) based refrigerants. Unlike other refrigerants, they are not synthetic chemicals and can sometimes be found in nature. Natural refrigerants are chemicals which occur in nature's bio-chemical processes. They do not deplete the ozone layer and make a negligible - or zero in the case of R717 (ammonia) - contribution to global warming. The high efficiency of natural refrigerants also means that they make a lower indirect contribution to global warming. They are not only used due to environmental sustainability as some applications are better suited to a particular natural refrigerant.

This report studies the global Natural Refrigerants market.

LPI (LP Information)' newest research report, the “Natural Refrigerants Industry Forecast” looks at past sales and reviews total world Natural Refrigerants sales in 2022, providing a comprehensive analysis by region and market sector of projected Natural Refrigerants sales for 2023 through 2029. With Natural Refrigerants sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Natural Refrigerants industry.

This Insight Report provides a comprehensive analysis of the global Natural Refrigerants landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Natural Refrigerants portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Natural Refrigerants market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Natural Refrigerants and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Natural Refrigerants.

The global Natural Refrigerants market size is projected to grow from US$ 1684.5 million in 2022 to US$ 3929.7 million in 2029; it is expected to grow at a CAGR of 3929.7 from 2023 to 2029.

The major players in global Natural Refrigerants market include Linde Group, Puyang Zhongwei, Airgas, etc. The top 3 players occupy about 50% shares of the global market. Europe and North America are main markets, they occupy about 65% of the global market. Hydrocarbons (R-290, R-1270, R-600a, etc.) is the main type, with a share about 60%. Air Conditioning is the main application, which holds a share about 60%.

This report presents a comprehensive overview, market shares, and growth opportunities of Natural Refrigerants market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Ammonia (R-717)
    Hydrocarbons (R-290, R-1270, R-600a, etc.)
    Carbon Dioxide (CO2) (R-744)

Segmentation by application
    Refrigeration
    Air Conditioning
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Linde Group
    Puyang Zhongwei
    Airgas
    Sinochem
    Shandong Yuean
    Aeropres
    A-Gas international
    Tazzetti
    Engas Australasia
    Harp International
    Hychill
    GTS

Key Questions Addressed in this Report
What is the 10-year outlook for the global Natural Refrigerants market?
What factors are driving Natural Refrigerants market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Natural Refrigerants market opportunities vary by end market size?
How does Natural Refrigerants break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Natural Refrigerants Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Natural Refrigerants Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Ammonia (R-717)
    Table 4. Major Players of Hydrocarbons (R-290, R-1270, R-600a, etc.)
    Table 5. Major Players of Carbon Dioxide (CO2) (R-744)
    Table 6. Global Natural Refrigerants Sales by Type (2018-2023) & (K MT)
    Table 7. Global Natural Refrigerants Sales Market Share by Type (2018-2023)
    Table 8. Global Natural Refrigerants Revenue by Type (2018-2023) & ($ million)
    Table 9. Global Natural Refrigerants Revenue Market Share by Type (2018-2023)
    Table 10. Global Natural Refrigerants Sale Price by Type (2018-2023) & (USD/MT)
    Table 11. Global Natural Refrigerants Sales by Application (2018-2023) & (K MT)
    Table 12. Global Natural Refrigerants Sales Market Share by Application (2018-2023)
    Table 13. Global Natural Refrigerants Revenue by Application (2018-2023)
    Table 14. Global Natural Refrigerants Revenue Market Share by Application (2018-2023)
    Table 15. Global Natural Refrigerants Sale Price by Application (2018-2023) & (USD/MT)
    Table 16. Global Natural Refrigerants Sales by Company (2018-2023) & (K MT)
    Table 17. Global Natural Refrigerants Sales Market Share by Company (2018-2023)
    Table 18. Global Natural Refrigerants Revenue by Company (2018-2023) ($ Millions)
    Table 19. Global Natural Refrigerants Revenue Market Share by Company (2018-2023)
    Table 20. Global Natural Refrigerants Sale Price by Company (2018-2023) & (USD/MT)
    Table 21. Key Manufacturers Natural Refrigerants Producing Area Distribution and Sales Area
    Table 22. Players Natural Refrigerants Products Offered
    Table 23. Natural Refrigerants Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 24. New Products and Potential Entrants
    Table 25. Mergers & Acquisitions, Expansion
    Table 26. Global Natural Refrigerants Sales by Geographic Region (2018-2023) & (K MT)
    Table 27. Global Natural Refrigerants Sales Market Share Geographic Region (2018-2023)
    Table 28. Global Natural Refrigerants Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 29. Global Natural Refrigerants Revenue Market Share by Geographic Region (2018-2023)
    Table 30. Global Natural Refrigerants Sales by Country/Region (2018-2023) & (K MT)
    Table 31. Global Natural Refrigerants Sales Market Share by Country/Region (2018-2023)
    Table 32. Global Natural Refrigerants Revenue by Country/Region (2018-2023) & ($ millions)
    Table 33. Global Natural Refrigerants Revenue Market Share by Country/Region (2018-2023)
    Table 34. Americas Natural Refrigerants Sales by Country (2018-2023) & (K MT)
    Table 35. Americas Natural Refrigerants Sales Market Share by Country (2018-2023)
    Table 36. Americas Natural Refrigerants Revenue by Country (2018-2023) & ($ Millions)
    Table 37. Americas Natural Refrigerants Revenue Market Share by Country (2018-2023)
    Table 38. Americas Natural Refrigerants Sales by Type (2018-2023) & (K MT)
    Table 39. Americas Natural Refrigerants Sales by Application (2018-2023) & (K MT)
    Table 40. APAC Natural Refrigerants Sales by Region (2018-2023) & (K MT)
    Table 41. APAC Natural Refrigerants Sales Market Share by Region (2018-2023)
    Table 42. APAC Natural Refrigerants Revenue by Region (2018-2023) & ($ Millions)
    Table 43. APAC Natural Refrigerants Revenue Market Share by Region (2018-2023)
    Table 44. APAC Natural Refrigerants Sales by Type (2018-2023) & (K MT)
    Table 45. APAC Natural Refrigerants Sales by Application (2018-2023) & (K MT)
    Table 46. Europe Natural Refrigerants Sales by Country (2018-2023) & (K MT)
    Table 47. Europe Natural Refrigerants Sales Market Share by Country (2018-2023)
    Table 48. Europe Natural Refrigerants Revenue by Country (2018-2023) & ($ Millions)
    Table 49. Europe Natural Refrigerants Revenue Market Share by Country (2018-2023)
    Table 50. Europe Natural Refrigerants Sales by Type (2018-2023) & (K MT)
    Table 51. Europe Natural Refrigerants Sales by Application (2018-2023) & (K MT)
    Table 52. Middle East & Africa Natural Refrigerants Sales by Country (2018-2023) & (K MT)
    Table 53. Middle East & Africa Natural Refrigerants Sales Market Share by Country (2018-2023)
    Table 54. Middle East & Africa Natural Refrigerants Revenue by Country (2018-2023) & ($ Millions)
    Table 55. Middle East & Africa Natural Refrigerants Revenue Market Share by Country (2018-2023)
    Table 56. Middle East & Africa Natural Refrigerants Sales by Type (2018-2023) & (K MT)
    Table 57. Middle East & Africa Natural Refrigerants Sales by Application (2018-2023) & (K MT)
    Table 58. Key Market Drivers & Growth Opportunities of Natural Refrigerants
    Table 59. Key Market Challenges & Risks of Natural Refrigerants
    Table 60. Key Industry Trends of Natural Refrigerants
    Table 61. Natural Refrigerants Raw Material
    Table 62. Key Suppliers of Raw Materials
    Table 63. Natural Refrigerants Distributors List
    Table 64. Natural Refrigerants Customer List
    Table 65. Global Natural Refrigerants Sales Forecast by Region (2024-2029) & (K MT)
    Table 66. Global Natural Refrigerants Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 67. Americas Natural Refrigerants Sales Forecast by Country (2024-2029) & (K MT)
    Table 68. Americas Natural Refrigerants Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 69. APAC Natural Refrigerants Sales Forecast by Region (2024-2029) & (K MT)
    Table 70. APAC Natural Refrigerants Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 71. Europe Natural Refrigerants Sales Forecast by Country (2024-2029) & (K MT)
    Table 72. Europe Natural Refrigerants Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 73. Middle East & Africa Natural Refrigerants Sales Forecast by Country (2024-2029) & (K MT)
    Table 74. Middle East & Africa Natural Refrigerants Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 75. Global Natural Refrigerants Sales Forecast by Type (2024-2029) & (K MT)
    Table 76. Global Natural Refrigerants Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 77. Global Natural Refrigerants Sales Forecast by Application (2024-2029) & (K MT)
    Table 78. Global Natural Refrigerants Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 79. Linde Group Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 80. Linde Group Natural Refrigerants Product Portfolios and Specifications
    Table 81. Linde Group Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 82. Linde Group Main Business
    Table 83. Linde Group Latest Developments
    Table 84. Puyang Zhongwei Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 85. Puyang Zhongwei Natural Refrigerants Product Portfolios and Specifications
    Table 86. Puyang Zhongwei Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 87. Puyang Zhongwei Main Business
    Table 88. Puyang Zhongwei Latest Developments
    Table 89. Airgas Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 90. Airgas Natural Refrigerants Product Portfolios and Specifications
    Table 91. Airgas Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 92. Airgas Main Business
    Table 93. Airgas Latest Developments
    Table 94. Sinochem Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 95. Sinochem Natural Refrigerants Product Portfolios and Specifications
    Table 96. Sinochem Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 97. Sinochem Main Business
    Table 98. Sinochem Latest Developments
    Table 99. Shandong Yuean Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 100. Shandong Yuean Natural Refrigerants Product Portfolios and Specifications
    Table 101. Shandong Yuean Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 102. Shandong Yuean Main Business
    Table 103. Shandong Yuean Latest Developments
    Table 104. Aeropres Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 105. Aeropres Natural Refrigerants Product Portfolios and Specifications
    Table 106. Aeropres Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 107. Aeropres Main Business
    Table 108. Aeropres Latest Developments
    Table 109. A-Gas international Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 110. A-Gas international Natural Refrigerants Product Portfolios and Specifications
    Table 111. A-Gas international Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 112. A-Gas international Main Business
    Table 113. A-Gas international Latest Developments
    Table 114. Tazzetti Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 115. Tazzetti Natural Refrigerants Product Portfolios and Specifications
    Table 116. Tazzetti Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 117. Tazzetti Main Business
    Table 118. Tazzetti Latest Developments
    Table 119. Engas Australasia Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 120. Engas Australasia Natural Refrigerants Product Portfolios and Specifications
    Table 121. Engas Australasia Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 122. Engas Australasia Main Business
    Table 123. Engas Australasia Latest Developments
    Table 124. Harp International Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 125. Harp International Natural Refrigerants Product Portfolios and Specifications
    Table 126. Harp International Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 127. Harp International Main Business
    Table 128. Harp International Latest Developments
    Table 129. Hychill Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 130. Hychill Natural Refrigerants Product Portfolios and Specifications
    Table 131. Hychill Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 132. Hychill Main Business
    Table 133. Hychill Latest Developments
    Table 134. GTS Basic Information, Natural Refrigerants Manufacturing Base, Sales Area and Its Competitors
    Table 135. GTS Natural Refrigerants Product Portfolios and Specifications
    Table 136. GTS Natural Refrigerants Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 137. GTS Main Business
    Table 138. GTS Latest Developments
List of Figures
    Figure 1. Picture of Natural Refrigerants
    Figure 2. Natural Refrigerants Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Natural Refrigerants Sales Growth Rate 2018-2029 (K MT)
    Figure 7. Global Natural Refrigerants Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Natural Refrigerants Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Ammonia (R-717)
    Figure 10. Product Picture of Hydrocarbons (R-290, R-1270, R-600a, etc.)
    Figure 11. Product Picture of Carbon Dioxide (CO2) (R-744)
    Figure 12. Global Natural Refrigerants Sales Market Share by Type in 2022
    Figure 13. Global Natural Refrigerants Revenue Market Share by Type (2018-2023)
    Figure 14. Natural Refrigerants Consumed in Refrigeration
    Figure 15. Global Natural Refrigerants Market: Refrigeration (2018-2023) & (K MT)
    Figure 16. Natural Refrigerants Consumed in Air Conditioning
    Figure 17. Global Natural Refrigerants Market: Air Conditioning (2018-2023) & (K MT)
    Figure 18. Natural Refrigerants Consumed in Others
    Figure 19. Global Natural Refrigerants Market: Others (2018-2023) & (K MT)
    Figure 20. Global Natural Refrigerants Sales Market Share by Application (2022)
    Figure 21. Global Natural Refrigerants Revenue Market Share by Application in 2022
    Figure 22. Natural Refrigerants Sales Market by Company in 2022 (K MT)
    Figure 23. Global Natural Refrigerants Sales Market Share by Company in 2022
    Figure 24. Natural Refrigerants Revenue Market by Company in 2022 ($ Million)
    Figure 25. Global Natural Refrigerants Revenue Market Share by Company in 2022
    Figure 26. Global Natural Refrigerants Sales Market Share by Geographic Region (2018-2023)
    Figure 27. Global Natural Refrigerants Revenue Market Share by Geographic Region in 2022
    Figure 28. Americas Natural Refrigerants Sales 2018-2023 (K MT)
    Figure 29. Americas Natural Refrigerants Revenue 2018-2023 ($ Millions)
    Figure 30. APAC Natural Refrigerants Sales 2018-2023 (K MT)
    Figure 31. APAC Natural Refrigerants Revenue 2018-2023 ($ Millions)
    Figure 32. Europe Natural Refrigerants Sales 2018-2023 (K MT)
    Figure 33. Europe Natural Refrigerants Revenue 2018-2023 ($ Millions)
    Figure 34. Middle East & Africa Natural Refrigerants Sales 2018-2023 (K MT)
    Figure 35. Middle East & Africa Natural Refrigerants Revenue 2018-2023 ($ Millions)
    Figure 36. Americas Natural Refrigerants Sales Market Share by Country in 2022
    Figure 37. Americas Natural Refrigerants Revenue Market Share by Country in 2022
    Figure 38. Americas Natural Refrigerants Sales Market Share by Type (2018-2023)
    Figure 39. Americas Natural Refrigerants Sales Market Share by Application (2018-2023)
    Figure 40. United States Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 41. Canada Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 42. Mexico Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 43. Brazil Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 44. APAC Natural Refrigerants Sales Market Share by Region in 2022
    Figure 45. APAC Natural Refrigerants Revenue Market Share by Regions in 2022
    Figure 46. APAC Natural Refrigerants Sales Market Share by Type (2018-2023)
    Figure 47. APAC Natural Refrigerants Sales Market Share by Application (2018-2023)
    Figure 48. China Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 49. Japan Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 50. South Korea Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 51. Southeast Asia Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 52. India Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 53. Australia Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 54. China Taiwan Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 55. Europe Natural Refrigerants Sales Market Share by Country in 2022
    Figure 56. Europe Natural Refrigerants Revenue Market Share by Country in 2022
    Figure 57. Europe Natural Refrigerants Sales Market Share by Type (2018-2023)
    Figure 58. Europe Natural Refrigerants Sales Market Share by Application (2018-2023)
    Figure 59. Germany Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 60. France Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 61. UK Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 62. Italy Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 63. Russia Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 64. Middle East & Africa Natural Refrigerants Sales Market Share by Country in 2022
    Figure 65. Middle East & Africa Natural Refrigerants Revenue Market Share by Country in 2022
    Figure 66. Middle East & Africa Natural Refrigerants Sales Market Share by Type (2018-2023)
    Figure 67. Middle East & Africa Natural Refrigerants Sales Market Share by Application (2018-2023)
    Figure 68. Egypt Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 69. South Africa Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 70. Israel Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Turkey Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 72. GCC Country Natural Refrigerants Revenue Growth 2018-2023 ($ Millions)
    Figure 73. Manufacturing Cost Structure Analysis of Natural Refrigerants in 2022
    Figure 74. Manufacturing Process Analysis of Natural Refrigerants
    Figure 75. Industry Chain Structure of Natural Refrigerants
    Figure 76. Channels of Distribution
    Figure 77. Global Natural Refrigerants Sales Market Forecast by Region (2024-2029)
    Figure 78. Global Natural Refrigerants Revenue Market Share Forecast by Region (2024-2029)
    Figure 79. Global Natural Refrigerants Sales Market Share Forecast by Type (2024-2029)
    Figure 80. Global Natural Refrigerants Revenue Market Share Forecast by Type (2024-2029)
    Figure 81. Global Natural Refrigerants Sales Market Share Forecast by Application (2024-2029)
    Figure 82. Global Natural Refrigerants Revenue Market Share Forecast by Application (2024-2029)

Linde Group
Puyang Zhongwei
Airgas
Sinochem
Shandong Yuean
Aeropres
A-Gas international
Tazzetti
Engas Australasia
Harp International
Hychill
GTS

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape