Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Type (Halocarbons, Azeotropic, Zeotropic, Carbon Dioxide, Hydrocarbon, Inorganic), By Application (AC, Refrigeration) And Competitive Landscape
| Product Code: ETC397836 | Publication Date: Aug 2022 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
According to 6Wresearch internal database and industry insights, the Europe Refrigerants Market was accounted at USD 7.4 billion in 2024 and is projected to reach nearly USD 11.8 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% during the forecast period (2025–2031).
| Report Name | Europe Refrigerants Market |
| Forecast period | 2025-2031 |
| CAGR | 6.9% |
| Market Size | USD 11.8 billion by 2031 |
| Growing Sector | Sustainable Cooling & Low-GWP Transition |
Europe Refrigerants Market report thoroughly covers the market by countries, types, and applications. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high-growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Refrigerants Market is witnessing a steady growth, driven by various factors, such as the continuous shift to low global warming potential (GWP) refrigerants and improvements in cooling technology. The residential, commercial, and industrial sectors increasing demand for energy-efficient air conditioners, heat pumps, and refrigeration systems is driving market growth.
Below are some prominent drivers and their influence on market dynamics:
| Drivers | Primary Segments Affected | Why It Matters (Evidence) |
| EU F-Gas Regulation (Phasedown of HFCs) | Halocarbons, Azeotropic, Zeotropic | The EU's HFC phasedown accelerates the use of low-GWP refrigerants and alternative blends. |
| Expansion of Cold Chain Infrastructure | Refrigeration | Vaccinations and food preservation boost refrigerant consumption in industrial refrigeration systems. |
| Rise of Heat Pump Installations | AC, Inorganic, Hydrocarbon | National subsidies support energy-efficient heating and cooling systems with low-GWP refrigerants. |
| Sustainability and Green Transition | All Types | Manufacturers advance low-emission cooling via sustainable refrigerants aligned with the European Green Deal. |
| Technological Innovations in HVAC | AC, Refrigeration | Inverter-based smart systems optimize refrigerant use, improving efficiency and reducing lifecycle emissions. |
Europe Refrigerants Market Size is set to gain traction, registering a CAGR of 6.9% during 2025–2031. The market growth is supported by the switch from high-GWP fluorocarbons to natural refrigerants. Additional factors that are contributing to the increase in demand include the growing popularity of heat pumps, the growth of cold chain infrastructure for food and pharmaceuticals, and the upgrading of heating, ventilation, and air conditioning (HVAC) systems in residential, commercial, and industrial settings. Additionally, Sustainable building initiatives and eco-friendly refrigerant blend R&D are also boosting market growth.
Below are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | What This Means (Evidence) |
| High Retrofit Costs | Halocarbons, AC | Retrofitting older systems to use low-GWP refrigerants increases end-user capital costs. |
| Technical Barriers of Natural Refrigerants | Hydrocarbon, Inorganic | Specialized equipment and safety issues (flammability, toxicity) slow implementation. |
| Complex Regulatory Framework | All Types | Producers and distributors face compliance uncertainties due to EU national rules. |
| Supply Chain Constraints for Natural Gas-Based Refrigerants | CO₂, Hydrocarbon | Large-scale adoption may be delayed by restricted sourcing and rising manufacturing expenses. |
| Lack of Skilled Technicians | Refrigeration | A smooth system transition is delayed due to a lack of skilled personnel who can handle low-GWP refrigerants. |
The industry faces multiple challenges, such as including the management of retrofit costs, the navigation of severe environmental legislation, and the guarantee of the safe deployment of natural refrigerants. It is necessary for manufacturers to develop innovative low-GWP blends and make investment in the training of technicians to overcome operational constraints.
There are several notable trends shaping the market dynamics:
Potential investment opportunities in the Europe Refrigerants Market include:
Some leading players dominating the Europe Refrigerants Market Share include:
| Company Name | Honeywell International Inc. |
|---|---|
| Established Year | 1906 |
| Headquarters | Charlotte, North Carolina, United States |
| Official Website | Click Here |
A pioneer in low-GWP refrigerants, especially Solstice®. Sustainable cooling systems that meet EU environmental regulations and European R&D expansion.
| Company Name | Chemours Company |
|---|---|
| Established Year | 2015 |
| Headquarters | Wilmington, Delaware, United States |
| Official Website | Click Here |
Opteon™ refrigerants portfolio targets European HVAC and automotive applications, focusing on energy efficiency and F-Gas compliance.
| Company Name | Arkema S.A. |
|---|---|
| Established Year | 2004 |
| Headquarters | Colombes, France |
| Official Website | Click Here |
Develops lower-GWP fluorochemical refrigerants and natural gas replacements for European commercial and residential uses.
| Company Name | Daikin Europe N.V. |
|---|---|
| Established Year | 1924 |
| Headquarters | Ostend, Belgium |
| Official Website | Click Here |
Leading HVAC and refrigeration system company; pioneer in R-32-based refrigerant solutions and heat pump technology for carbon-neutral cooling.
| Company Name | Linde plc |
|---|---|
| Established Year | 1879 |
| Headquarters | Guildford, United Kingdom |
| Official Website | Click Here |
Leading provider of industrial gases and natural refrigerants like CO₂ and ammonia. European refrigerant distribution networks prioritize sustainability and safety.
Refrigerants with low global warming potential and environmental practices are being accelerated through the implementation of policies by European authorities. The European Union's F-Gas Regulation, which imposes reduction in HFC use ; the European Green Deal, which supports climate neutrality; Germany's Climate Action Programme, which promotes the deployment of heat pumps; France's Energy Transition Law, which places an emphasis on the use of natural refrigerants are some key examples.
The Europe Refrigerants Market outlook remains positive. This is supported by rising heat pump adoption, and technological advancements in eco-refrigerants. As a means of assuring sustainability and compliance, future demand will concentrate on natural and synthetic blends with low global warming potential. Through the implementation of circular projects, such as the recovery and recycling of refrigerants and cost efficiency would be improved.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Mansi, Senior Research Analyst, 6Wresearch, Germany dominates the Europe Refrigerants Market due to its strong HVAC system, wide-ranging cold chain networks, and pioneering use of green technology. Strict energy efficiency regulations along with government subsidies for heat pumps have sped up the residential and commercial sectors' use of low-GWP refrigerants.
Hydrocarbon refrigerants are expected to hold the largest market share to their low-GWP and thermodynamic efficiency. Hydrocarbons are in high demand in household refrigeration, commercial freezers, and vending due to European limits on fluorinated gases and natural refrigerants.
The Refrigeration segment is dominating due to Europe’s rapidly Europe’s growing food processing, pharmaceutical, and logistical sectors Advanced refrigerants for cold chain systems will be required as temperature-controlled storage and transportation infrastructure expands.
The report provides a detailed analysis of the following market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Europe Refrigerants Market Overview |
| 3.1 Europe Regional Macro Economic Indicators |
| 3.2 Europe Refrigerants Market Revenues & Volume, 2021 & 2031F |
| 3.3 Europe Refrigerants Market - Industry Life Cycle |
| 3.4 Europe Refrigerants Market - Porter's Five Forces |
| 3.5 Europe Refrigerants Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Europe Refrigerants Market Revenues & Volume Share, By Type, 2021 & 2031F |
| 3.7 Europe Refrigerants Market Revenues & Volume Share, By Form, 2021 & 2031F |
| 4 Europe Refrigerants Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Europe Refrigerants Market Trends |
| 6 Europe Refrigerants Market, 2021 - 2031 |
| 6.1 Europe Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
| 6.2 Europe Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
| 7 Germany Refrigerants Market, 2021 - 2031 |
| 7.1 Germany Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
| 7.2 Germany Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
| 8 United Kingdom Refrigerants Market, 2021 - 2031 |
| 8.1 United Kingdom Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
| 8.2 United Kingdom Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
| 9 France Refrigerants Market, 2021 - 2031 |
| 9.1 France Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
| 9.2 France Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
| 10 Italy Refrigerants Market, 2021 - 2031 |
| 10.1 Italy Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
| 10.2 Italy Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
| 11 Russia Refrigerants Market, 2021 - 2031 |
| 11.1 Russia Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
| 11.2 Russia Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
| 12 Spain Refrigerants Market, 2021 - 2031 |
| 12.1 Spain Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
| 12.2 Spain Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
| 13 Rest of Europe Refrigerants Market, 2021 - 2031 |
| 13.1 Rest of Europe Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
| 13.2 Rest of Europe Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
| 14 Europe Refrigerants Market Key Performance Indicators |
| 15 Europe Refrigerants Market - Opportunity Assessment |
| 15.1 Europe Refrigerants Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 15.2 Europe Refrigerants Market Opportunity Assessment, By Type, 2021 & 2031F |
| 15.3 Europe Refrigerants Market Opportunity Assessment, By Application, 2021 & 2031F |
| 16 Europe Refrigerants Market - Competitive Landscape |
| 16.1 Europe Refrigerants Market Revenue Share, By Companies, 2024 |
| 16.2 Europe Refrigerants Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |