Aerosol Refrigerants Market

ID: MRFR/CnM/7884-HCR

100 Pages

Garvit Vyas

September 2025

Aerosol Refrigerants Market Research Report By Refrigerant Type (Hydrofluorocarbons (HFCs), Hydrofluoroolefins (HFOs), Natural Refrigerants (e.g., propane, butane), Fluorinated Ketones), By Application (Air Conditioning, Refrigeration, Propellants, Foam Blowing Agents), By End-User Industry (Residential, Commercial, Industrial), By Canister Material (Steel, Aluminum, Composite), By Capacity (Small (below 500 ml), Medium (500 ml - 1 liter), Large (above 1 liter)) and By Regional (North America, Europe, South America, Asia Pacific, Middle Eas...

Aerosol Refrigerants Market Research Report - Global Forecast till 2034 Infographic

Single User

$ 4,950.0

Multiple License

$ 5,950.0

Enterprise User

$ 6,250.0

Summary Table of Contents Segmentation Infographic

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Customize Report

Certified Researchers

Aerosol Refrigerants Market Summary

The Global Aerosol Refrigerants Market is projected to grow from 19.1 USD Billion in 2024 to 26.0 USD Billion by 2035.

Key Market Trends & Highlights

Aerosol Refrigerants Key Trends and Highlights

The market is expected to experience a compound annual growth rate (CAGR) of 2.85 percent from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 26.0 USD Billion, indicating a steady growth trajectory.
In 2024, the market is valued at 19.1 USD Billion, reflecting the current demand for aerosol refrigerants.
Growing adoption of eco-friendly refrigerants due to increasing environmental regulations is a major market driver.

Aerosol Refrigerants Market

CAGR

2.85%

Market Size & Forecast

2024 Market Size	19.1 (USD Billion)
2035 Market Size	26.0 (USD Billion)
CAGR (2025-2035)	2.85%

Major Players

Honeywell International Inc., Arkema S.A., The Chemours Company, Daikin Industries, Ltd., The Linde Group, Nippon Gases Co., Ltd., Praxair, Inc., Taiyo Nippon Sanso Corporation, Iwatani Corporation, Air Products and Chemicals, Inc., Matheson TriGas, Inc., Solvay S.A., Kawasaki Kisen Kaisha, Ltd., Linde plc, Messer Group GmbH

Aerosol Refrigerants Market Trends

The Aerosol Refrigerants Market is anticipated to be driven by rising demand for cooling appliances, propellants in personal care products, and propellants in food and beverage packaging. Furthermore, the growing awareness of environmental sustainability and the phase-out of traditional refrigerants are expected to fuel the adoption of aerosol refrigerants. Additionally, advances in technology and the development of new aerosol formulations with improved performance and safety features are creating opportunities. The trend towards miniaturization and portability in electronic devices is also contributing to the growth of the aerosol refrigerants market, as these refrigerants are used in cooling systems for electronic devices.

The ongoing transition towards environmentally friendly refrigerants in aerosol applications reflects a broader commitment to sustainability and compliance with international climate agreements.

U.S. Environmental Protection Agency (EPA)

Aerosol Refrigerants Market Drivers

Growing Demand for Eco-Friendly Solutions

The Global Aerosol Refrigerants Market Industry is witnessing an increasing demand for eco-friendly refrigerants, driven by stringent environmental regulations and consumer preferences for sustainable products. Governments worldwide are implementing policies to phase out harmful substances like hydrofluorocarbons (HFCs), which has led to a shift towards more environmentally benign alternatives. This trend is particularly evident in regions such as Europe and North America, where the adoption of low-GWP (Global Warming Potential) refrigerants is gaining traction. As a result, the market is projected to reach 19.1 USD Billion in 2024, reflecting a growing commitment to sustainability in the refrigeration sector.

Market Segment Insights

Aerosol Refrigerants Market Segment Insights:

Aerosol Refrigerants Market Refrigerant Type Insights

In 2023, hydrofluorocarbons HFCs accounted for over 60% of the Aerosol Refrigerants Market and were widely used in personal care, household, and industrial products. However, their high global warming potential caused them to be phased out under the Montreal Protocol. Hydrofluoroolefins are a newer class of refrigerants with significantly lower GWP which are expected to see increased adoption in the next years. Natural refrigerants such as propane and butane have zero GWP and are becoming more popular in the aerosol industry, especially in Europe and North America. Still, the refrigerants are flammable and require special careful handling.

Fluorinated ketones are also used in aerosols, and, just like natural refrigerants, they have low GWP; they are good in terms of thermodynamic properties and are nonflammable, creating a viable alternative to HFCs and HFOs and gaining popularity among aerosol manufacturers. The aerosol refrigerants market is expected to grow in the next decade due to the growing demand for refrigerants with low global warming potential. This trend will contribute to the uptake of alternative refrigerants, creating numerous opportunities for their developers and suppliers.

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Aerosol Refrigerants Market Application Insights

The application segment plays a crucial role in shaping the dynamics of the Aerosol Refrigerants Market. Air conditioning applications currently dominate the market, accounting for a significant share of the overall revenue. The growing demand for energy-efficient cooling solutions in residential, commercial, and industrial sectors is driving the growth of this segment. Refrigeration applications, including commercial and industrial refrigeration systems, are also expected to witness substantial growth in the coming years. The increasing demand for food preservation and storage, particularly in emerging economies, is contributing to the expansion of this segment.

Propellants, used in a wide range of consumer products such as spray paints, deodorants, and household cleaners, represent another significant application segment. The growth of this segment is attributed to the increasing use of aerosol-based products in various industries. Foam blowing agents, employed in the production of insulation materials for buildings and appliances, constitute a growing segment of the Aerosol Refrigerants Market. The rising demand for energy-efficient construction and the adoption of eco-friendly insulation solutions are driving the growth of this segment. Overall, the diversity of applications served by aerosol refrigerants highlights the versatility and adaptability of these products.

As industries continue to evolve and new applications emerge, the Aerosol Refrigerants Market is poised for continued growth and innovation.

Aerosol Refrigerants Market End-User Industry Insights

The end-user industry segmentation of the Aerosol Refrigerants Market holds significant importance in understanding the diverse applications of aerosol refrigerants across various sectors. The residential sector is projected to account for a substantial share of the market in 2023, driven by the growing demand for efficient and environmentally friendly cooling solutions in homes. The commercial segment is expected to follow closely, fueled by the increasing adoption of aerosol refrigerants in supermarkets, restaurants, and other commercial establishments.

Notably, the industrial sector is anticipated to witness steady growth over the forecast period, owing to the use of aerosol refrigerants in industrial processes such as food preservation and manufacturing. The Aerosol Refrigerants Market segmentation provides valuable insights into the market dynamics, enabling manufacturers and suppliers to tailor their strategies to meet the specific needs of each end-user industry.

Aerosol Refrigerants Market Canister Material Insights

The Canister Material segment of the Aerosol Refrigerants Market is expected to exhibit steady growth in the coming years, driven by rising demand for sustainable and cost-effective packaging solutions. Steel canisters currently dominate the market, accounting for a significant share of the Aerosol Refrigerants Market revenue due to their durability, low cost, and recyclability. However, aluminum and composite canisters are gaining traction due to their lightweight, corrosion resistance, and ability to withstand extreme temperatures. The increasing adoption of aluminum canisters in the pharmaceutical and personal care industries is expected to drive segment growth.

Composite canisters, made from materials such as fiberglass and carbon fiber, offer high strength-to-weight ratios and excellent barrier properties, making them suitable for specialty applications. The Aerosol Refrigerants Market segmentation based on Canister Material provides valuable insights into the competitive landscape, market trends, and emerging opportunities for industry participants.

Aerosol Refrigerants Market Capacity Insights

The Aerosol Refrigerants Market is segmented based on capacity into small (below 500 ml), medium (500 ml - 1 liter), and large (above 1 liter). The medium capacity segment holds the largest market share, accounting for 45.2% of the global market revenue in 2023. The large capacity segment is projected to exhibit the highest CAGR of 3.2% during the forecast period (2023-2032). The increasing demand for large capacity aerosol refrigerants in commercial and industrial applications is driving the growth of this segment. Small capacity aerosol refrigerants are primarily used in household applications, such as refrigerators and freezers.

Medium capacity aerosol refrigerants are used in a wider range of applications, including air conditioners, heat pumps, and chillers. The growth of the market is attributed to the increasing demand for aerosol refrigerants in various applications, such as refrigeration, air conditioning, and heat pumps. The increasing awareness of the environmental impact of traditional refrigerants is also driving the demand for more environmentally friendly aerosol refrigerants.

Get more detailed insights about Aerosol Refrigerants Market Research Report - Global Forecast till 2034

Request Free Sample

Regional Insights

The regional sent market share due to the presence of major manufacturers and the increasing adoption of aerosol refrigerants in various industries. Europe follows closely, driven by stringent environmental regulations and the growing demand for energy-efficient solutions. The Asia-Pacific region is anticipated to witness substantial growth, attributed to the rising population, urbanization, and increasing disposable income. South America and the Middle East and Africa (MEA) regions are expected to contribute to the overall market growth, driven by the expanding food and beverage industry and the increasing demand for cooling solutions.

As of 2023, North America accounted for approximately 35% of the Aerosol Refrigerants Market revenue, with Europe and APAC contributing 28% and 25%, respectively. These regions are expected to maintain their dominance in the coming years, while South America and MEA are projected to exhibit promising growth potential.

Aerosol Refrigerants Market Regional Insights

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

Major players in Aerosol Refrigerants Market industry are constantly striving to gain a competitive edge by investing in research and development of innovative and environmentally friendly refrigerants. Leading Aerosol Refrigerants Market players are focusing on developing refrigerants with low global warming potential (GWP) and high energy efficiency to meet evolving regulatory requirements and consumer demand for sustainable products. The Aerosol Refrigerants Market development roadmap emphasizes the importance of collaboration between industry stakeholders, including manufacturers, suppliers, and regulatory bodies, to accelerate the transition to more sustainable and efficient refrigerants.

The competitive landscape is expected to remain dynamic, with new entrants and established players vying for market share through strategic partnerships, acquisitions, and product differentiation. The Aerosol Refrigerants Market industry is dominated by a few key players, such as Honeywell International Inc., Arkema S.A., and The Chemours Company. Honeywell International Inc. is a leading provider of high-performance refrigerants and has a strong global presence. The company offers a wide range of refrigerants, including HFCs, HFOs, and natural refrigerants, and has a reputation for innovation and sustainability.

Arkema S.A. is another major player in the Aerosol Refrigerants Market and is known for its expertise in the development and production of HFOs. The company has a strong focus on sustainability and has developed a number of low-GWP refrigerants that are used in a variety of applications. The Chemours Company is a leading provider of HFCs and is also investing in the development of HFOs. The company has a global presence and offers a wide range of refrigerants for use in a variety of applications. Daikin Industries, Ltd. is another major competitor in the Aerosol Refrigerants Market.

The company is a leading provider of air conditioning and refrigeration equipment and has a strong presence in the Asia-Pacific region. Daikin Industries, Ltd. offers a range of refrigerants, including HFCs, HFOs, and natural refrigerants, and is investing in the development of low-GWP refrigerants. The company has a strong focus on sustainability and has developed a number of innovative refrigerants that are used in a variety of applications.

Key Companies in the Aerosol Refrigerants Market market include

Industry Developments

Q2 2024: Chemours Launches Opteon™ XL41 Refrigerant for Aerosol Applications Chemours announced the commercial launch of Opteon™ XL41, a new low-GWP refrigerant designed for aerosol and air conditioning applications, aiming to meet evolving regulatory standards for climate-friendly cooling solutions.
Q1 2024: Honeywell Receives EPA SNAP Approval for Solstice® N71 Refrigerant in Aerosol Use Honeywell received U.S. EPA Significant New Alternatives Policy (SNAP) approval for its Solstice® N71 refrigerant, enabling its use in aerosol products and expanding its portfolio of low-global warming potential solutions.
Q2 2024: Daikin Opens New Refrigerant Production Facility in Texas Daikin Industries inaugurated a new manufacturing facility in Texas dedicated to producing next-generation aerosol refrigerants, supporting increased demand for sustainable cooling products in North America.
Q3 2024: Linde Signs Partnership with Tazzetti for Eco-Friendly Aerosol Refrigerants Linde announced a strategic partnership with Tazzetti to co-develop and distribute eco-friendly aerosol refrigerants across Europe, targeting compliance with upcoming EU F-gas regulations.
Q2 2024: A-Gas Acquires Refrigerant Reclamation Facility in France A-Gas completed the acquisition of a refrigerant reclamation facility in France, expanding its European footprint and enhancing its capacity to recycle and supply aerosol refrigerants.
Q1 2025: Chemours Announces $100 Million Investment in Low-GWP Aerosol Refrigerant R&D Chemours committed $100 million to research and development of low-global warming potential aerosol refrigerants, aiming to accelerate innovation and regulatory compliance.
Q2 2025: Honeywell and Daikin Form Joint Venture for Next-Gen Aerosol Refrigerants Honeywell and Daikin announced a joint venture to develop and commercialize next-generation aerosol refrigerants, focusing on products with ultra-low global warming potential.
Q3 2024: Linde plc Appoints New Head of Refrigerants Division Linde plc appointed Dr. Maria Keller as the new head of its Refrigerants Division, overseeing the company's global strategy for aerosol and sustainable refrigerant products.
Q2 2024: Chemours Wins Major Supply Contract for Aerosol Refrigerants in India Chemours secured a multi-year supply contract to provide aerosol refrigerants to a leading Indian manufacturer, supporting the country's transition to low-GWP cooling solutions.
Q1 2025: A-Gas Raises $50 Million in Funding to Expand Aerosol Refrigerant Recycling A-Gas raised $50 million in new funding to expand its aerosol refrigerant recycling operations in Europe and North America, aiming to meet rising demand for reclaimed refrigerants.
Q2 2025: Daikin Launches R-1234yf Aerosol Refrigerant for Automotive Applications Daikin Industries launched R-1234yf aerosol refrigerant for automotive air conditioning systems, targeting compliance with new emissions regulations in the U.S. and EU.
Q3 2025: Tazzetti S.p.A. Announces Expansion of Aerosol Refrigerant Production in Italy Tazzetti S.p.A. announced the expansion of its aerosol refrigerant production facility in Italy, increasing capacity to meet growing European demand for climate-friendly refrigerants.

Future Outlook

Aerosol Refrigerants Market Future Outlook

The Aerosol Refrigerants Market is projected to grow at a 2.85% CAGR from 2024 to 2035, driven by regulatory changes, technological advancements, and increasing demand for eco-friendly solutions.

New opportunities lie in:

Develop innovative formulations using low-GWP refrigerants to meet regulatory standards.
Expand distribution networks in emerging markets to capture growing demand.
Invest in R&D for sustainable aerosol delivery systems to enhance product efficiency.

By 2035, the Aerosol Refrigerants Market is expected to achieve robust growth, reflecting evolving consumer preferences and regulatory landscapes.

Market Segmentation

Aerosol Refrigerants Market Capacity Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Aerosol Refrigerants Market Regional Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Aerosol Refrigerants Market Application Outlook

Residential
Commercial
Industrial

Aerosol Refrigerants Market Refrigerant Type Outlook

Air Conditioning
Refrigeration
Propellants
Foam Blowing Agents

Aerosol Refrigerants Market Canister Material Outlook

Small (below 500 ml)
Medium (500 ml - 1 liter)
Large (above 1 liter)

Aerosol Refrigerants Market End-User Industry Outlook

Steel
Aluminum
Composite

Report Scope

Report Attribute/Metric	Details
Market Size 2024	19.06 (USD Billion)
Market Size 2025	19.61 (USD Billion)
Market Size 2034	25.25 (USD Billion)
Compound Annual Growth Rate (CAGR)	2.85% (2025 - 2034)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2034
Historical Data	2020 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	The Linde Group ,Nippon Gases Co., Ltd. ,Honeywell International Inc. ,Praxair, Inc. ,Taiyo Nippon Sanso Corporation ,Iwatani Corporation ,Arkema S.A. ,Air Products and Chemicals, Inc. ,Matheson TriGas, Inc. ,Solvay S.A. ,The Chemours Company ,Kawasaki Kisen Kaisha, Ltd. ,Linde plc ,Messer Group GmbH
Segments Covered	Refrigerant Type ,Application ,End-User Industry ,Canister Material ,Capacity ,Regional
Key Market Opportunities	Increasing demand for ecofriendly refrigerants rising adoption in consumer electronics growth in food amp beverage industry expanding applications in medical and healthcare sector surge in demand for energyefficient cooling systems
Key Market Dynamics	Growing demand for natural refrigerants Stringent regulations on HFCs Surge in consumer electronics industry Development of lowGWP refrigerants Increasing adoption of air conditioning in emerging markets
Countries Covered	North America, Europe, APAC, South America, MEA

FAQs

What is the market size of the Aerosol Refrigerants Market?

The Aerosol Refrigerants Market is expected to reach a valuation of USD 19.06 billion by 2024, expanding at a CAGR of 2.85% from 2025 to 2034.

What are the key regions driving the Aerosol Refrigerants Market?

Currently, the Asia Pacific region dominates the Aerosol Refrigerants Market, with a significant contribution from countries like China, Japan, and India. However, the market in North America and Europe is also expected to witness steady growth due to the rising demand for energy-efficient and eco-friendly refrigerants.

Which applications are expected to drive the demand for Aerosol Refrigerants?

Aerosol refrigerants find extensive applications in various sectors, including household appliances, commercial refrigeration, and industrial cooling systems. The growing demand for energy-efficient and environmentally friendly refrigerants in these applications is expected to drive market growth.

Who are the key competitors in the Aerosol Refrigerants Market?

Major players in the Aerosol Refrigerants Market include The Chemours Company, Arkema, Daikin Industries, Ltd., Honeywell International Inc., and Mexichem S.A.B. de C.V. These companies are focusing on product innovation, expansion into emerging markets, and strategic partnerships to maintain their competitive edge.

What are the major trends influencing the Aerosol Refrigerants Market?

The increasing demand for energy-efficient and environmentally friendly refrigerants, along with stringent regulations on the use of ozone-depleting substances, is driving the growth of the Aerosol Refrigerants Market. Additionally, the growing adoption of natural refrigerants, such as propane and ammonia, is expected to shape the market landscape in the coming years.

What are the challenges faced by the Aerosol Refrigerants Market?

The Aerosol Refrigerants Market faces certain challenges, including the high cost of raw materials, stringent regulations on the production and use of refrigerants, and competition from alternative cooling technologies. Market participants need to navigate these challenges to ensure sustainable growth.

What is the growth potential of the Aerosol Refrigerants Market in emerging economies?

Emerging economies, such as those in Asia Pacific, Latin America, and Africa, are expected to offer significant growth potential for the Aerosol Refrigerants Market. Rising disposable income, growing urbanization, and increasing demand for energy-efficient appliances are key factors driving market growth in these regions.

How is technological advancement impacting the Aerosol Refrigerants Market?

Technological advancements, such as the development of micro-channel heat exchangers and variable-speed compressors, are enhancing the efficiency of refrigeration systems. Additionally, the introduction of smart refrigerants with self-diagnostic capabilities is expected to improve system performance and reduce maintenance costs.

What are the key strategies adopted by market players in the Aerosol Refrigerants Market?

Key strategies adopted by market players include product innovation, capacity expansion, strategic partnerships, and mergers and acquisitions. Companies are focusing on developing environmentally friendly refrigerants, expanding their manufacturing facilities, and forming alliances to gain a competitive edge in the Aerosol Refrigerants Market.

What is the future outlook for the Aerosol Refrigerants Market?

The future of the Aerosol Refrigerants Market looks promising, driven by the growing demand for energy-efficient and environmentally friendly refrigerants. The increasing adoption of natural refrigerants and technological advancements are expected to shape the market landscape, offering opportunities for industry participants to capitalize on emerging trends.

Free Sample Request

Kindly complete the form below to receive a free sample of this Report

Customer Stories

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

Victoria Milne Founder

Case Study

Chemicals and Materials

Global Magnesium Sulfate Market – Forecast till 2027