The global Third-generation HFCs Refrigerant market was valued at US$ 3393 million in 2023 and is anticipated to reach US$ 44350 million by 2030, witnessing a CAGR of 43.2% during the forecast period 2024-2030.
Refrigerant is a medium used in various heat engines to complete energy conversion, mainly consisting of fluorinated refrigerants. It can be divided into various types such as 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 and does not damage the ozone layer, but their GWP value is high and the greenhouse effect is significant. The third-generation refrigerants are widely used abroad and are currently in the early stages of elimination in some developed countries. Some developing countries, including China, have entered the quota benchmark period (2020 2022), during which the production and sales of third-generation refrigerants will become the main reference index for future production enterprises to obtain quotas. The replacement process of refrigerant is slow. It usually takes 8-10 years from the beginning of using a refrigerant to the end of the refrigeration equipment. The third generation HFCs refrigerant still has a large demand space. It is estimated that due to the growth of applications such as AI servers and the reduction of the second generation refrigerant caused by quota agreements, the CAGR of the third generation HFCs refrigerant is expected to be 43.2% in the next five years (2023-2029), and the market size will be 44348 million dollars in 2029, while the market will face a decline after 2029.
This report aims to provide a comprehensive presentation of the global market for Third-generation HFCs Refrigerant, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Third-generation HFCs Refrigerant.
Report Scope
The Third-generation HFCs Refrigerant market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Third-generation HFCs Refrigerant market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Third-generation HFCs Refrigerant manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Chemours
Arkema
Daikin
Orbia Advance Corporation
Honeywell
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.
Luxi Chemical Group Co.,ltd.
Segment by Type
R125 Refrigerant
R134a Refrigerant
R32 Refrigerant
R410a Refrigerant
Other
Segment by Application
Refrigerator and Freezer
Air Conditioner
Fire-fighting Equipment
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
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Third-generation HFCs Refrigerant manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Third-generation HFCs Refrigerant by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Third-generation HFCs Refrigerant in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Third-generation HFCs Refrigerant Market Overview
1.1 Product Definition
1.2 Third-generation HFCs Refrigerant Segment by Type
1.2.1 Global Third-generation HFCs Refrigerant Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 R125 Refrigerant
1.2.3 R134a Refrigerant
1.2.4 R32 Refrigerant
1.2.5 R410a Refrigerant
1.2.6 Other
1.3 Third-generation HFCs Refrigerant Segment by Application
1.3.1 Global Third-generation HFCs Refrigerant Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Refrigerator and Freezer
1.3.3 Air Conditioner
1.3.4 Fire-fighting Equipment
1.3.5 Other
1.4 Global Market Growth Prospects
1.4.1 Global Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Third-generation HFCs Refrigerant Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Third-generation HFCs Refrigerant Production Estimates and Forecasts (2019-2030)
1.4.4 Global Third-generation HFCs Refrigerant Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Third-generation HFCs Refrigerant Production Market Share by Manufacturers (2019-2024)
2.2 Global Third-generation HFCs Refrigerant Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Third-generation HFCs Refrigerant, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Third-generation HFCs Refrigerant Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Third-generation HFCs Refrigerant Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Third-generation HFCs Refrigerant, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Third-generation HFCs Refrigerant, Product Offered and Application
2.8 Global Key Manufacturers of Third-generation HFCs Refrigerant, Date of Enter into This Industry
2.9 Third-generation HFCs Refrigerant Market Competitive Situation and Trends
2.9.1 Third-generation HFCs Refrigerant Market Concentration Rate
2.9.2 Global 5 and 10 Largest Third-generation HFCs Refrigerant Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Third-generation HFCs Refrigerant Production by Region
3.1 Global Third-generation HFCs Refrigerant Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Third-generation HFCs Refrigerant Production Value by Region (2019-2030)
3.2.1 Global Third-generation HFCs Refrigerant Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Third-generation HFCs Refrigerant by Region (2025-2030)
3.3 Global Third-generation HFCs Refrigerant Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Third-generation HFCs Refrigerant Production by Region (2019-2030)
3.4.1 Global Third-generation HFCs Refrigerant Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Third-generation HFCs Refrigerant by Region (2025-2030)
3.5 Global Third-generation HFCs Refrigerant Market Price Analysis by Region (2019-2024)
3.6 Global Third-generation HFCs Refrigerant Production and Value, Year-over-Year Growth
3.6.1 North America Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Third-generation HFCs Refrigerant Production Value Estimates and Forecasts (2019-2030)
4 Third-generation HFCs Refrigerant Consumption by Region
4.1 Global Third-generation HFCs Refrigerant Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Third-generation HFCs Refrigerant Consumption by Region (2019-2030)
4.2.1 Global Third-generation HFCs Refrigerant Consumption by Region (2019-2024)
4.2.2 Global Third-generation HFCs Refrigerant Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Third-generation HFCs Refrigerant Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Third-generation HFCs Refrigerant Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Third-generation HFCs Refrigerant Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Third-generation HFCs Refrigerant Consumption by Country (2019-2030)
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 HFCs Refrigerant Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Third-generation HFCs Refrigerant Consumption by Region (2019-2030)
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 HFCs Refrigerant Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Third-generation HFCs Refrigerant Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Third-generation HFCs Refrigerant Production by Type (2019-2030)
5.1.1 Global Third-generation HFCs Refrigerant Production by Type (2019-2024)
5.1.2 Global Third-generation HFCs Refrigerant Production by Type (2025-2030)
5.1.3 Global Third-generation HFCs Refrigerant Production Market Share by Type (2019-2030)
5.2 Global Third-generation HFCs Refrigerant Production Value by Type (2019-2030)
5.2.1 Global Third-generation HFCs Refrigerant Production Value by Type (2019-2024)
5.2.2 Global Third-generation HFCs Refrigerant Production Value by Type (2025-2030)
5.2.3 Global Third-generation HFCs Refrigerant Production Value Market Share by Type (2019-2030)
5.3 Global Third-generation HFCs Refrigerant Price by Type (2019-2030)
6 Segment by Application
6.1 Global Third-generation HFCs Refrigerant Production by Application (2019-2030)
6.1.1 Global Third-generation HFCs Refrigerant Production by Application (2019-2024)
6.1.2 Global Third-generation HFCs Refrigerant Production by Application (2025-2030)
6.1.3 Global Third-generation HFCs Refrigerant Production Market Share by Application (2019-2030)
6.2 Global Third-generation HFCs Refrigerant Production Value by Application (2019-2030)
6.2.1 Global Third-generation HFCs Refrigerant Production Value by Application (2019-2024)
6.2.2 Global Third-generation HFCs Refrigerant Production Value by Application (2025-2030)
6.2.3 Global Third-generation HFCs Refrigerant Production Value Market Share by Application (2019-2030)
6.3 Global Third-generation HFCs Refrigerant Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Chemours
7.1.1 Chemours Third-generation HFCs Refrigerant Corporation Information
7.1.2 Chemours Third-generation HFCs Refrigerant Product Portfolio
7.1.3 Chemours Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
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 HFCs Refrigerant Corporation Information
7.2.2 Arkema Third-generation HFCs Refrigerant Product Portfolio
7.2.3 Arkema Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
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 HFCs Refrigerant Corporation Information
7.3.2 Daikin Third-generation HFCs Refrigerant Product Portfolio
7.3.3 Daikin Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
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 HFCs Refrigerant Corporation Information
7.4.2 Orbia Advance Corporation Third-generation HFCs Refrigerant Product Portfolio
7.4.3 Orbia Advance Corporation Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
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 HFCs Refrigerant Corporation Information
7.5.2 Honeywell Third-generation HFCs Refrigerant Product Portfolio
7.5.3 Honeywell Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Honeywell Main Business and Markets Served
7.5.5 Honeywell Recent Developments/Updates
7.6 Shandong Dongyue Organosilicon Materials Co.,Ltd.
7.6.1 Shandong Dongyue Organosilicon Materials Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.6.2 Shandong Dongyue Organosilicon Materials Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.6.3 Shandong Dongyue Organosilicon Materials Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Shandong Dongyue Organosilicon Materials Co.,Ltd. Main Business and Markets Served
7.6.5 Shandong Dongyue Organosilicon Materials Co.,Ltd. Recent Developments/Updates
7.7 Zhejiang Juhua Co.,Ltd.
7.7.1 Zhejiang Juhua Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.7.2 Zhejiang Juhua Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.7.3 Zhejiang Juhua Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Zhejiang Juhua Co.,Ltd. Main Business and Markets Served
7.7.5 Zhejiang Juhua Co.,Ltd. Recent Developments/Updates
7.8 Jiangsu Meilan Co.,Ltd.
7.8.1 Jiangsu Meilan Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.8.2 Jiangsu Meilan Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.8.3 Jiangsu Meilan Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Jiangsu Meilan Co.,Ltd. Main Business and Markets Served
7.7.5 Jiangsu Meilan Co.,Ltd. Recent Developments/Updates
7.9 Zhonghao Chenguang Co.,Ltd.
7.9.1 Zhonghao Chenguang Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.9.2 Zhonghao Chenguang Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.9.3 Zhonghao Chenguang Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Zhonghao Chenguang Co.,Ltd. Main Business and Markets Served
7.9.5 Zhonghao Chenguang Co.,Ltd. Recent Developments/Updates
7.10 Zhejiang Sanmei Co.,Ltd.
7.10.1 Zhejiang Sanmei Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.10.2 Zhejiang Sanmei Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.10.3 Zhejiang Sanmei Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Zhejiang Sanmei Co.,Ltd. Main Business and Markets Served
7.10.5 Zhejiang Sanmei Co.,Ltd. Recent Developments/Updates
7.11 Zhejiang Yonghe Refrigerant Co.,Ltd.
7.11.1 Zhejiang Yonghe Refrigerant Co.,Ltd. Third-generation HFCs Refrigerant Corporation Information
7.11.2 Zhejiang Yonghe Refrigerant Co.,Ltd. Third-generation HFCs Refrigerant Product Portfolio
7.11.3 Zhejiang Yonghe Refrigerant Co.,Ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Zhejiang Yonghe Refrigerant Co.,Ltd. Main Business and Markets Served
7.11.5 Zhejiang Yonghe Refrigerant Co.,Ltd. Recent Developments/Updates
7.12 Luxi Chemical Group Co.,ltd.
7.12.1 Luxi Chemical Group Co.,ltd. Third-generation HFCs Refrigerant Corporation Information
7.12.2 Luxi Chemical Group Co.,ltd. Third-generation HFCs Refrigerant Product Portfolio
7.12.3 Luxi Chemical Group Co.,ltd. Third-generation HFCs Refrigerant Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Luxi Chemical Group Co.,ltd. Main Business and Markets Served
7.12.5 Luxi Chemical Group Co.,ltd. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Third-generation HFCs Refrigerant Industry Chain Analysis
8.2 Third-generation HFCs Refrigerant Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Third-generation HFCs Refrigerant Production Mode & Process
8.4 Third-generation HFCs Refrigerant Sales and Marketing
8.4.1 Third-generation HFCs Refrigerant Sales Channels
8.4.2 Third-generation HFCs Refrigerant Distributors
8.5 Third-generation HFCs Refrigerant Customers
9 Third-generation HFCs Refrigerant Market Dynamics
9.1 Third-generation HFCs Refrigerant Industry Trends
9.2 Third-generation HFCs Refrigerant Market Drivers
9.3 Third-generation HFCs Refrigerant Market Challenges
9.4 Third-generation HFCs 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
Chemours
Arkema
Daikin
Orbia Advance Corporation
Honeywell
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.
Luxi Chemical Group Co.,ltd.
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*If Applicable.
