US Low GWP Refrigerants Market Research Report: By Type (Inorganics, Hydrocarbons, Fluorocarbons) - Forecast to 2035

US Low GWP Refrigerants Market Overview:

The US Low GWP Refrigerants Market Size was estimated at 4.64 (USD Billion) in 2023. The US Low GWP Refrigerants Market is expected to grow from 5.5(USD Billion) in 2024 to 23.4 (USD Billion) by 2035. The US Low GWP Refrigerants Market CAGR (growth rate) is expected to be around 14.069% during the forecast period (2025 - 2035).

Key US Low GWP Refrigerants Market Trends Highlighted

The US Low GWP Refrigerants Market is experiencing significant growth driven by regulatory changes and environmental awareness. The Environmental Protection Agency (EPA) has implemented stringent regulations to phase down high global warming potential (GWP) refrigerants as part of its broader commitment to combat climate change. This push for greater sustainability encourages manufacturers and businesses to switch to low GWP alternatives. Additionally, the growing demand for energy-efficient cooling solutions among consumers highlights the importance of environmental responsibility, further driving the adoption of low GWP refrigerants. Opportunities exist for companies in the industry to innovate and develop new low GWP refrigerant products.As refrigeration and air conditioning systems are used in various sectors, including commercial, residential, and industrial applications, there is a significant market potential for alternatives that meet both efficiency and regulatory standards. Organizations exploring novel refrigerant formulations can capture attention in this rapidly evolving market. Recent trends indicate a shift towards natural refrigerants and new synthetic refrigerants that have minimal environmental impact. Advances in technology are facilitating the transition to these alternatives, making them more accessible to a broader range of applications. In addition, greater collaboration among industry stakeholders, including manufacturers, policymakers, and environmental advocates, is fostering a culture of innovation and support for low GWP solutions.Overall, the landscape of the US Low GWP Refrigerants Market is transforming due to regulatory pressures, evolving consumer preferences, and a focus on sustainable solutions. As the country continues to implement more stringent policies and encourages eco-friendly practices, the adoption of low GWP refrigerants is likely to expand, benefiting both the environment and the economy.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Low GWP Refrigerants Market Drivers

Increasing Regulatory Support for Low GWP Refrigerants

The US government has implemented various regulatory frameworks to phase out high Global Warming Potential (GWP) refrigerants. Notably, the Environmental Protection Agency (EPA) is actively promoting the use of low GWP refrigerants as part of the American Innovation and Manufacturing (AIM) Act. This initiative is aimed at curbing hydrofluorocarbon (HFC) emissions by as much as 85% by the year 2036. A report from the EPA indicates that transitioning to low GWP options can significantly help in achieving these goals, thereby providing a clear pathway for stakeholders in the US Low GWP Refrigerants Market.This systematic approach is expected to create a robust market environment where low GWP refrigerants can flourish, driving innovation, and investments in Research and Development (R&D) of alternative solutions.

Growing Awareness of Environmental Impacts

In recent years, there has been a surge in awareness regarding the environmental impacts associated with traditional refrigerants, especially among businesses and consumers in the US. According to the US Department of Energy, nearly 40% of consumers now consider the environmental impacts of their purchases. This growing consciousness has led to increased demand for eco-friendly products, including low GWP refrigerants. Industry organizations such as the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) have observed that manufacturers who prioritize low GWP refrigerants are gaining a competitive advantage.Thus, the shift towards greener options is serving as a catalyst for growth in the US Low GWP Refrigerants Market.

Technological Advancements in Refrigeration Systems

Technological advancements in refrigeration systems are facilitating the greater adoption of low GWP refrigerants in the US. Innovations in cooling technologies, such as variable speed compressors and advanced heat exchangers, allow systems to operate efficiently with low GWP options. The US Department of Energy reports that these technologies can improve energy efficiency by up to 30% compared to older systems. Major industry players, such as Carrier and Daikin, are investing heavily in R&D for the development of new refrigerants and systems that conform to these advancements, thereby promoting the US Low GWP Refrigerants Market Industry's growth trajectory.

US Low GWP Refrigerants Market Segment Insights:

Low GWP Refrigerants Market Type Insights

The US Low GWP Refrigerants Market has experienced significant transformations, particularly in its Type segment, which comprises Inorganics, Hydrocarbons, and Fluorocarbons. This market is shaped by increasing regulations aimed at reducing greenhouse gas emissions, leading to a robust demand for alternative refrigerants with lower global warming potential. Inorganics, including substances like ammonia and water, play a vital role due to their natural properties and efficiency in various applications. Their use is often driven by industries looking to adopt more sustainable practices while maintaining operational efficiency, thus highlighting their importance in sectors such as commercial refrigeration and air conditioning.Hydrocarbons, such as propane and isobutane, are gaining traction due to their excellent thermodynamic properties and negligible ozone depletion potential. This segment is particularly favored in applications where safety and environmental impact are paramount. Hydrocarbons have established a reputation for being energy-efficient and cost-effective, thereby making them increasingly popular across various sectors, including residential and commercial refrigeration. Their relevance is emphasized by initiatives encouraging the adoption of more eco-friendly refrigerants, thus positioning hydrocarbons as a preferred choice for sustainable cooling solutions.Meanwhile, the Fluorocarbons segment, while traditionally dominant, is undergoing a notable transformation. The shift is driven by stringent regulatory measures seeking to phase out high-GWP fluorinated gases, prompting a transition towards low-GWP alternatives. Nevertheless, certain fluorocarbons with lower global warming potential continue to be utilized in specialized applications, where their properties, such as stability and efficiency, are required. The ongoing developments and innovations within this segment reflect the industry's adaptability in response to shifting consumer demands and environmental considerations.Overall, the dynamics within the Type segment of the US Low GWP Refrigerants Market showcase a pivotal shift towards sustainability, with each category contributing distinct advantages. The regulatory landscape and the industry's commitment to reducing carbon footprints are propelling advancements and refining market strategies across these diverse refrigerant types. As companies continue to align their operations with eco-friendly practices, the market’s evolution remains closely tied to the innovations and transformations within each category.

 

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Low GWP Refrigerants Market Key Players and Competitive Insights:

The US Low GWP Refrigerants Market is characterized by a growing emphasis on environmentally friendly alternatives to traditional refrigerants, driven by regulations and a shift in consumer preference towards low global warming potential (GWP) solutions. This market has witnessed a flurry of activity as manufacturers strive to innovate and adapt their product offerings to comply with evolving environmental regulations. Competitive dynamics are shaped by factors such as technology advancements, product development, supply chain management, and strategic partnerships. Companies are vying for market share by enhancing product portfolios with efficient low GWP refrigerants, which not only meet regulatory requirements but also cater to an increasing demand for sustainable practices across various industries, including commercial refrigeration, air conditioning, and automotive sectors. The landscape is marked by collaborations and mergers among key players aiming to strengthen their market positions while addressing consumer needs.Chemours holds a significant presence in the US Low GWP Refrigerants Market, primarily recognized for its innovation and extensive product line aimed at substituting harmful refrigerants with eco-friendly alternatives. The company's strengths lie in its robust research and development capabilities, enabling the launch of advanced low GWP solutions that meet regulatory standards while providing high efficiency and performance. Chemours' established brand reputation contributes to consumer trust, further solidifying its market position. Furthermore, their proactive approach to compliance with environmental regulations enhances their competitive edge, ensuring their products not only meet but often exceed industry standards. The company is actively positioning itself in the market by forging partnerships and alliances that allow it to leverage complementary strengths, amplifying its reach and impact within the Low GWP refrigerants sector.RANZ is emerging as a formidable player in the US Low GWP Refrigerants Market, focusing on providing tailored solutions that prioritize sustainability without compromising on efficiency. The company offers a wide range of key products, including innovative refrigerant blends designed specifically for diverse applications such as commercial refrigeration and HVAC systems. RANZ’s market presence is bolstered by its commitment to research and development, enabling continual improvements and adaptations of its product offerings to align with the latest environmental standards. This dedication positions RANZ to capitalize on the growing demand for low GWP refrigerants and showcases its strengths in offering versatile products. The company has also pursued strategic mergers and acquisitions to expand its capabilities and enhance its technological prowess, allowing them to respond effectively to market trends and customer needs. Through these efforts, RANZ is well-positioned to play a significant role in shaping the future of the Low GWP Refrigerants Market in the United States.

Key Companies in the US Low GWP Refrigerants Market Include:

• Chemours


• RANZ


• Linde


• BASF


• Mitsubishi Chemical


• Johnson Controls


• Active Refrigerants


• Trane Technologies


• DuPont


• Solvay


• Gulf Coast Chemical


• Honeywell


• AGas


• Arkema


• Refrigerant Solutions

US Low GWP Refrigerants Market Industry Developments

The US Low Global Warming Potential (GWP) Refrigerants Market has observed significant developments through 2023. The push towards sustainable solutions, driven by regulatory changes in response to climate concerns, has intensified competition among key players such as Chemours, Honeywell, and Linde. Recent regulations mandated by the Environmental Protection Agency emphasize the reduction of hydrofluorocarbon (HFC) usage, compelling companies like DuPont and Arkema to enhance their product offerings in low GWP refrigerants. Notably, in August 2023, Honeywell announced its intention to acquire a small firm specializing in sustainable cooling technologies, marking a strategic expansion in its portfolio. Financially, the market has been buoyed by increased investments in innovation and Research and Development, leading to a surge in revenue for leading companies like Trane Technologies and Mitsubishi Chemical. Moreover, the introduction of the American Innovation and Manufacturing Act of December 2020 has fostered a structured phase-down of HFCs, promoting enterprise adaptability. As major corporations continue to innovate and seek merger opportunities, the market dynamics remain competitive with a strong emphasis on environmental responsibility, reflecting broader trends in the US regulatory landscape.

US Low GWP Refrigerants Market Segmentation Insights

Low GWP Refrigerants Market Type Outlook

• Inorganics


• Hydrocarbons


• Fluorocarbons

 

Report Scope:

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	4.64(USD Billion)
MARKET SIZE 2024	5.5(USD Billion)
MARKET SIZE 2035	23.4(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	14.069% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Chemours, RANZ, Linde, BASF, Mitsubishi Chemical, Johnson Controls, Active Refrigerants, Trane Technologies, DuPont, Solvay, Gulf Coast Chemical, Honeywell, AGas, Arkema, Refrigerant Solutions
SEGMENTS COVERED	Type
KEY MARKET OPPORTUNITIES	Regulatory support for sustainable solutions, Increasing demand for eco-friendly alternatives, Growth in HVAC and refrigeration sectors, Technological advancements in refrigerant formulations, Rising consumer awareness on climate impact
KEY MARKET DYNAMICS	Regulatory compliance pressure, Growing environmental awareness, Technological advancements in refrigeration, Shift to sustainable alternatives, Increasing demand from end-users
COUNTRIES COVERED	US