Refrigerants Market Size, Share, Growth Analysis
Refrigerants Market size was valued at USD 22.9 billion in 2022 and is expected to reach USD 38.6 billion by 2029, at a CAGR of 7.7% during the forecast period 2023-2029. Rising awareness regarding global warming and ozone depletion coupled with increase in demand for energy-efficient cooling solutions is anticipated to fuel the refrigerant market during the forecast period. Global phase-down of production and consumption of hydro-fluorocarbons (HFCs), one of the six greenhouse gases (GHGs) has led to an increased demand for natural refrigerants.
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