Automotive Refrigerant Market Set for Steady Growth to US$ 5.4 billion by 2031, growing with a CAGR of 9.1% , led by North America 35% share in global market | DataM Intelligence

Global Automotive Refrigerant Market reached US$ 2.7 billion in 2023 and is expected to reach US$ 5.4 billion by 2031, growing with a CAGR of 9.1% during the forecast period 2024-2031.

Market growth is driven by the rising production of passenger and commercial vehicles, increasing demand for advanced automotive air conditioning systems, and stricter emission regulations promoting the adoption of low-GWP and eco-friendly refrigerants. Additionally, the growing penetration of electric vehicles, expanding vehicle parc in emerging economies, and advancements in thermal management technologies are further supporting market expansion.

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United States: Key Industry Developments:-
✅ November 2025: Honeywell International expanded production of low-GWP HFO-1234yf refrigerants in its U.S. facilities to meet EPA mandates for next-gen vehicles, reducing global warming potential by over 99% compared to legacy HFCs.

✅ October 2025: Chemours launched Opteon XL20 refrigerant blend for automotive AC systems, certified for use in electric vehicles with enhanced efficiency and compatibility across major OEMs like Ford and GM.​

✅ September 2025: Arkema Inc. announced a partnership with U.S. automakers for R-454C refrigerant trials, focusing on hybrid systems to comply with 2025 AIM Act phase-down schedules amid rising EV adoption.​

Asia Pacific/Japan: Key Industry Developments:-
✅ November 2025: AGC Inc. introduced AMOLEA X Series refrigerants tailored for Japanese hybrid vehicles, featuring superior thermal stability and 10% better energy efficiency in high-humidity conditions.​

✅ October 2025: Daikin Industries received JIS certification for its R-1234yf-based automotive refrigerant, boosting adoption in Toyota and Honda models with integrated CO2 blending for sustainability.​

✅ August 2025: Zeon Corporation rolled out a new fluorinated refrigerant variant for passenger car ACs, emphasizing recyclability and alignment with Japan's Green Growth Strategy for auto exports.

Key Merges and Acquisitions(2025):-
✅ October 2025: Honeywell finalized the spin-off of its Solstice Advanced Materials business, creating a standalone specialty refrigerants company focused on low-GWP automotive and industrial refrigerants. This strategic restructuring sharpens Honeywell's focus on next-generation refrigerants that support automotive climate systems transitioning away from high-GWP HFCs.

✅ April 2025: Daikin Industries, Ltd. acquired Danfoss's mobile air-conditioning business, strengthening its global refrigerant portfolio and enhancing its reach into automotive A/C refrigerant supply and integrated cooling solutions, including eco-friendly refrigerant options.

Market Segmentation Analysis:

By Product Type: R-134a vs R-1234yf
R-134a dominates with 46.7% market share in 2025, favored for its widespread use in existing automotive AC systems due to reliability and cost-effectiveness.​
R-1234yf holds a growing share as the eco-friendly alternative with lower global warming potential, driven by regulations in Europe and the US, though exact figures vary by region.​
Others, including synthetic blends, account for the remainder, supporting transition to low-GWP options.​

By Refrigerant Type: Synthetic vs Natural
Synthetic refrigerants lead with 58.4% market share in 2025, preferred for stability and performance in diverse HVAC conditions across passenger and commercial vehicles.​
Natural refrigerants like hydrocarbons capture the rest, gaining traction in new electric vehicles for environmental compliance but limited by flammability concerns.​

By Vehicle Type: Passenger Cars vs Commercial
Passenger cars command over 30% share, fueled by high demand in markets like China, US, and India for sedans and SUVs with advanced cooling needs.​
Commercial vehicles follow with steady growth from fleet expansions, though smaller overall due to fewer units versus higher refrigerant volumes per truck.​

By Sales Channel: Aftersales vs OEM
Aftersales leads at 52.1% in 2025, driven by recurring refills and maintenance for aging vehicle fleets worldwide.​
OEM channels hold the balance, focused on new vehicle production with pre-installed systems amid the shift to R-1234yf

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Growth Drivers:-
Rising vehicle production and sales globally, especially passenger cars and commercial vehicles.
Growing demand for air-conditioning systems to enhance in-vehicle comfort across all vehicle segments.
Stringent environmental regulations driving the shift toward low-GWP and eco-friendly refrigerants.
Rapid adoption of electric vehicles (EVs) requiring advanced thermal management and refrigerant systems.
Technological advancements in HVAC systems, improving energy efficiency and cooling performance.
Increasing consumer preference for premium and luxury vehicles, boosting advanced climate control installations.
Expansion of automotive aftermarket services, supporting refrigerant refilling and maintenance demand.

Regional Insights:-
North America commands the largest share of the Automotive Refrigerant Market, estimated at around 35% in recent assessments, driven by stringent environmental regulations, high vehicle production volumes, advanced HVAC adoption in the US and Canada, and a shift toward low-GWP refrigerants like R1234yf.​

Europe follows as the second-largest region, benefiting from rigorous EU emission standards, growing electric vehicle penetration in countries like Germany, France, and the UK, and established automotive manufacturing hubs, though exact shares vary amid regulatory transitions.​

Asia Pacific ranks third in market share, yet exhibits the fastest growth potential with high CAGRs in nations such as China, India, and Japan, fueled by surging automotive production, urbanization, infrastructure development, and increasing demand for air conditioning in vehicles.

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Key Players:
Arkema Inc., Chemours Company, Dongyue Group Ltd., DURACOOL Refrigerants Inc., Honeywell International Inc., Linde AG, Mexichem, S.A.B. de C.V, National Refrigerants, Inc., Sinochem American Holdings, Inc. and Vision Global Technology.

Key Highlights (Top 5 Key Players) for Automotive Refrigerant Market :

Arkema Inc., a French chemical leader, specializes in low-GWP refrigerants like R-1234yf for automotive AC systems, driving innovation amid global regulations. Their advanced fluorochemicals support EV cooling efficiency.

Chemours Company, a US-based firm, dominates with Opteon refrigerants including R-1234yf, compliant with HFO mandates for vehicles. They focus on sustainable, high-performance solutions for OEMs worldwide.

Honeywell International Inc., a US multinational, pioneers Solstice refrigerants like HFO-1234yf for automotive use, emphasizing low environmental impact and superior efficiency. Their R&D leads regulatory transitions globally.

Dongyue Group Ltd., from China, produces HFC and HFO refrigerants for automotive applications, offering cost-effective alternatives with expanding global capacity. They prioritize volume production for Asian markets.

Linde AG, an Irish-German industrial gases giant, supplies specialized refrigerants and blends for automotive HVAC, leveraging vast distribution networks. Their expertise aids transition to eco-friendly options.

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