Who are the key players in US Low GWP Refrigerants Market industry?

Key players include Honeywell International Inc., Chemours Company, Arkema S.A., Daikin Industries Ltd., and Linde plc. These companies dominate the market by offering innovative low global warming potential (GWP) refrigerants, investing in research and development, and forming strategic partnerships to expand product portfolios and strengthen their presence in the US market.

What is the US Low GWP Refrigerants Market growth?

The US Low GWP Refrigerants Market is seeing robust growth, propelled by stricter environmental regulations and rising demand for eco-friendly alternatives. For instance, in 2023, Chemours expanded its Opteon™ range to cater to the growing demand in automotive and commercial refrigeration sectors, resulting in significant year-over-year market growth.

Which segment accounted for the largest US Low GWP Refrigerants Market share?

The commercial refrigeration segment holds the largest market share in the US Low GWP Refrigerants Market. This is driven by extensive adoption in supermarkets, convenience stores, and cold storage facilities, as well as regulatory requirements pushing for the replacement of traditional high-GWP refrigerants in retail environments.

What are the factors driving the US Low GWP Refrigerants Market?

Stringent government regulations under the American Innovation and Manufacturing (AIM) Act and EPA SNAP program are primary growth drivers. Companies like Honeywell have responded by launching new low GWP refrigerants such as Solstice® N40, which help end-users comply with environmental standards and reduce carbon footprints.

Which type accounted for the largest US Low GWP Refrigerants Market share?

Hydrofluoroolefins (HFOs) accounted for the largest share of the US Low GWP Refrigerants Market. This is due to their low global warming potential, energy efficiency, and suitability for a wide range of cooling applications, making them popular among manufacturers aiming to meet regulatory norms and sustainability targets.

Home Chemical & Material

US Low GWP Refrigerants Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Name: US Low GWP Refrigerants Market
Brand: Bussiness Insights

US Low GWP Refrigerants Market Market: by Type (Hydrofluoroolefins (HFOs), Hydrocarbons (HCs), Inorganics (CO2, Ammonia, Water), Others), Application (Refrigeration, Air Conditioning, Chillers, Heat Pumps, Industrial, Others), Distribution Channels (Direct Sales, Distributors, Online, Wholesale, Retail, Others), Technology (Blend Refrigerants, Pure Refrigerants, Natural Refrigerants, Synthetic Refrigerants, Others), Organization Size (Small, Medium, Large) and By US Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 23-07-2025 | Format: PDF | Report ID:2128 | Author: Lily

RD TOC Procurement Report Segmentation Research Methodology Request For Free Sample Copy

US Low GWP Refrigerants Market Outlook (2025-2035)

The US Low GWP Refrigerants Market is accelerating due to strict environmental norms, ongoing R&D, and increasing demand for eco-friendly cooling solutions. The market is segmented by type (Hydrofluoroolefins, Hydrocarbons, Inorganics, others), applications (Refrigeration, Air Conditioning, Chillers, Heat Pumps, Industrial, Others), technology, distribution channels, and organization size. Aided by energy-efficiency initiatives and the phase-down of traditional high-GWP refrigerants, the market is projected to grow robustly, creating avenues for manufacturers and solution providers.

Latest Market Dynamics

Key Drivers

Rising regulatory pressures for the phase-down of high-GWP refrigerants, supporting the adoption of alternatives such as HFOs and natural refrigerants. In July 2024, Honeywell announced expansion of its Solstice HFO production facilities due to increased demand.

Expansion of CO2-based systems and natural refrigerant technologies driven by supermarket and logistics chains. Linde plc reported a 25% rise in CO2-based system deployments in Q2 2024.
Growth in blended and secondary loop system integration for industrial and commercial environments to maximize GWP reduction. Daikin Industries, in July 2024, launched advanced blend refrigerants tailored for industrial chillers.

Market penetration in heat pumps and smart HVAC retrofits for residential and small business sectors is increasing. Arkema S.A., in June 2024, secured a government contract to retrofit public schools with low-GWP refrigerant heat pumps.
Emerging e-commerce and direct sales models offer rapid access to end-users. Honeywell’s newly launched online refrigerant sales platform (June 2024) enables efficient B2B distribution.

High initial investment and retrofit cost for low-GWP systems, especially for older infrastructure. AGC Inc. highlighted in its July 2024 investor call that legacy system conversion is slowing adoption in industrial clients.
Supply chain disruptions affecting raw material availability for manufacturing natural refrigerants. Linde plc reported intermittent delays in sourcing eco-friendly hydrocarbon feedstocks in mid-2024.

Safety and handling concerns for hydrocarbon and ammonia refrigerants, often requiring special installation standards. GTS S.p.A. faced delays in licensing approvals due to strict state regulations in June 2024.
Limited trained workforce for installation and maintenance of next-gen refrigerant systems, impeding wider rollout. Training initiatives by Chemours began in July 2024 to address this shortfall.

In 2025, Hydrofluoroolefins (HFOs) are expected to account for the largest market share in the US Low GWP Refrigerants Market, as they offer low-GWP properties and compatibility with existing systems. Hydrocarbons (HCs) and Inorganic refrigerants, including CO2, are gaining traction due to demand for natural alternatives. Blended refrigerants offer a viable bridge for legacy retrofits, maintaining a significant presence as well.

Refrigeration is projected to remain the top application in 2025, driven by the food retail, logistics, and cold storage sectors investing heavily in sustainable cooling. Air conditioning is a close second, with regulatory mandates affecting both commercial and residential spaces. Chillers, heat pumps, and industrial uses collectively represent a growing field for future expansion as regulatory momentum continues and green building initiatives surge.

The US Low GWP Refrigerants Market generated an estimated revenue of $1,230 Million in 2025, showing strong growth from $800 Million in 2020. By 2035, the market is expected to reach $3,240 Million, driven by expanding regulatory efforts, the shift to natural and energy-efficient refrigerants, and retrofitting of existing infrastructure with low-GWP alternatives.

Honeywell International Inc. holds the lead in 2025 with a 25% market share, leveraging its Solstice suite and extensive OEM partnerships. Chemours Company follows at 20% due to its Opteon product line. Daikin Industries and Arkema S.A. hold notable shares at 14% and 11%, respectively, while other innovators and regional suppliers collectively account for the remaining 30%.

Supermarkets and food retailers comprise the largest buyer group at 31%, owing to their extensive cold chain requirements and regulatory pressures. Industrial processors and cold storage operators represent 28%, while HVAC contractors/installers account for 19% as residential and small business adoption grows. The remaining 22% is split among commercial property owners, public institutions, and others.

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	Revenue (USD Million)
Regions	South, West, Northeast & Midwest
Segments	By Type (Hydrofluoroolefins (HFOs), Hydrocarbons (HCs), Inorganics (CO2, Ammonia, Water), Others), By Application (Refrigeration, Air Conditioning, Chillers, Heat Pumps, Industrial, Others), By Distribution Channels (Direct Sales, Distributors, Online, Wholesale, Retail, Others), By Technology (Blend Refrigerants, Pure Refrigerants, Natural Refrigerants, Synthetic Refrigerants, Others), By Organization Size (Small, Medium, Large)
Players	Honeywell International Inc., Chemours Company, Arkema S.A., Daikin Industries Ltd., AGC Inc., Linde plc, Air Liquide S.A., Dongyue Group, Sinochem Group, Orbia (Mexichem SAB de CV), Tazzetti S.p.A., Harp International Ltd., Zhejiang Yonghe Refrigerant Co. Ltd., GTS S.p.A., Navin Fluorine International Ltd.

June 12, 2024: Honeywell announces $200 Million expansion of Solstice HFO refrigerant production facility in Louisiana.
July 2, 2024: Chemours launches new Opteon XL series for commercial HVAC in partnership with major US OEM.
July 15, 2024: Arkema awarded multi-school retrofit contract in California for low-GWP refrigerant heat pumps.
June 28, 2024: Daikin debuts R-454C blend-based chiller series for industrial customers in the US market.
July 8, 2024: Linde reports 25% increase in CO2 refrigerant installations across national supermarket chains.

About the Author

Lily

Senior Market Research Analyst

Lily is a Senior Market Research Analyst specializing in market research, industry analysis, and business consulting across Chemical & Material. Lily brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Lily has helped organizations translate data into actionable growth strategies.

Chemical & MaterialMarket ResearchIndustry AnalysisStrategic Consulting

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

Download Sample

Why Choose Bussiness Insights?

»Strong Industry Focus
»Extensive Product Offerings
»Customer Research Services
»Robust Research Methodology
»Comprehensive Reports
»Latest Technological Developments
»Value Chain Analysis
»Potential Market Opportunities
»Growth Dynamics
»Quality Assurance
»Post-sales Support
»Regular Report Updates

Speak to Analyst

US Low GWP Refrigerants Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

US Low GWP Refrigerants Market Outlook (2025-2035)

Latest Market Dynamics

Key Drivers

Key Trends

Key Opportunities

Key Challenges

Key Restraints

US Low GWP Refrigerants Market Share (%) by Type, 2025

US Low GWP Refrigerants Market Share (%) by Application, 2025

US Low GWP Refrigerants Market Revenue (USD Million), 2020-2035

US Low GWP Refrigerants Market YOY (%) Growth, 2020-2035

US Low GWP Refrigerants Market Share (%) by Region, 2025

US Low GWP Refrigerants Market Player Share (%) by Revenue, 2025

US Low GWP Refrigerants Market Buyer Share (%) by Segment, 2025

Study Coverage

Key Recent Developments

Frequently Asked Questions

About the Author

Related Reports