The global R290 refrigerant market is witnessing significant growth, driven by increasing demand for energy-efficient and environmentally friendly cooling solutions. With stringent government regulations phasing out high-GWP refrigerants, industries are rapidly adopting R290 as a sustainable alternative. The market is expected to expand at a substantial CAGR over the forecast period, fueled by...

The global refrigerant market size was estimated at USD 14.26 billion in 2023 and is projected to grow at a CAGR of 4.7% from 2024 to 2030.The industry is experiencing growth due to increased demand from various end-use sectors, particularly the commercial & industrial refrigeration industry. Rapid urbanization in emerging economies, the expansion of cold storage facilities, and the rising...

The global refrigerant market size is expected to reach USD 19.64 billion by 2030, registering a CAGR of 4.7% during the forecast period, according to a new report by Grand View Research, Inc. Development of eco-friendly alternatives, as a result of environmental policies aimed at ozone depletion and GHG emissions, is a key factor driving market growth. Regulations across EU,...

Refrigerant Industry Overview The global refrigerant market, valued at USD 14.26 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2030. This growth is driven by several key factors, particularly the rising demand for refrigeration in various end-use sectors, with the commercial and industrial refrigeration industry being one of the primary...