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Part of: Refrigerants Market (Global)

The UK Refrigerants Market was valued at $183.7 Million in 2024 and projected to reach to $247.1 Million by 2029, representing a compound annual growth rate of 6.11%. The UK refrigerants market is positioned for steady growth through 2029, with a CAGR of 6.11% reflecting the country's stringent environmental regulations and commitment to reducing greenhouse gas emissions.

UK Refrigerants Market (2024-2029) : Size and Share
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Market Size in USD 26.32 MN
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UK Refrigerants Market Trends and Insights

  • The UK market is driven by regulatory compliance with environmental standards, increasing demand from commercial refrigeration sectors, and the transition toward low-global-warming-potential (GWP) refrigerants.
  • The UK's commitment to phasing out high-GWP substances under EU and domestic legislation continues to reshape the competitive landscape and product portfolios across the sector. The UK refrigerants market benefits from strong demand in HVAC applications, food retail, and industrial cooling systems.
  • The UK's mature infrastructure and stringent environmental regulations position the country as a leader in adopting sustainable refrigerant alternatives.
  • Between 2024 and 2029, the UK market will experience steady expansion as businesses upgrade equipment to comply with regulatory requirements and improve energy efficiency.
  • The UK's focus on net-zero commitments further accelerates investment in next-generation refrigerant technologies..

Key Market Statistics

  • CAGR (2024-2029) 6.11% CAGR
  • Market Size, 2024 ~USD 183.7 Million
  • Forecast, 2029 ~USD 247.1 Million
  • Country UK

UK Refrigerants Market Overview

Market Valuation :

The UK refrigerants market is valued at USD 183.7 million in 2024, with projected growth to USD 247.1 million by 2029, reflecting strong market expansion driven by regulatory and environmental pressures.

Regulatory Compliance Driver :

UK environmental standards and F-Gas Regulation compliance are primary growth catalysts, forcing manufacturers and end-users to transition away from high-GWP refrigerants toward sustainable alternatives.

Commercial Refrigeration Demand :

The UK commercial refrigeration sector, including retail, food service, and cold storage facilities, is experiencing increased demand for compliant, efficient refrigerant solutions.

Low-GWP Transition :

UK market is rapidly shifting toward low-global-warming-potential refrigerants, driven by climate commitments and the phasedown of high-impact cooling agents under EU and UK legislation.

UK Refrigerants Market Dynamics

  • Commercial refrigeration sectors, including supermarkets, food distribution, and HVAC applications, are primary growth engines as businesses upgrade to compliant systems.
  • The transition to low-GWP refrigerants will accelerate as regulatory deadlines approach and technology costs decline.
  • Investment in sustainable cooling solutions and retrofitting existing infrastructure will sustain market momentum.
  • The UK's net-zero ambitions and alignment with international climate standards will continue to drive demand for environmentally responsible refrigerant alternatives throughout the forecast period..

Related Ecosystem

Industrial Gases

Top Technologies
  • Dry Cooling Tower
  • HVAC System
  • Heat Exchanger
  • Hybrid Cooling Tower
  • Industrial Refrigeration
Top Companies
  • Linde plc
  • Air Products and Chemicals, Inc.
  • MESSER GROUP GMBH
  • AIR LIQUIDE
  • Iwatani Corporation

    Mining Minerals And Metals

    Top Technologies
    • Wastewater Treatment
    • Fiberglass
    • Light Commercial Vehicles (LCVs)
    • Nitrogen
    • Acetic Acid
    Top Companies
    • LHOIST S.A
    • SEVERSTAL JSC
    • ArcelorMittal S.A.
    • TW METALS, INC.
    • Linde plc

      Key Takeaways

      • The UK refrigerants market is valued at £183.7 million in 2024 and will reach £247.1 million by 2029, growing at a 6.11% CAGR.
      • The UK market is driven by strict environmental regulations and the mandatory phase-out of high-GWP refrigerants under domestic and international legislation.
      • The UK's commercial refrigeration and HVAC sectors are the primary growth engines, supported by energy efficiency mandates and net-zero commitments.
      • The UK market is characterized by increasing adoption of low-GWP and natural refrigerant alternatives, reshaping supplier strategies and competitive dynamics.

      Refrigerants Market Report Scope

      Report Metric Details
      Base Year 2024
      Forecast Period 2024–2029
      Growth Rate CAGR of 6.5% from 2024 to 2029
      Market Size Base Year (Billions) ~USD 6.98 (2024)
      Revenue Forecast (Billions) ~USD 9.56 (2029)
      Segments Covered Type, Application

      UK Refrigerants Market Report Segmentation

      2 segment dimensions are covered across the global market.

      By Type

      • Ammonia
      • Carbon Dioxide
      • Hfc & Blends
      • Hfo
      • Isobutane
      • Other Types
      • Propane

      By Application

      • Air Conditioning Systems
      • Chillers
      • Mobile Air Conditioning
      • Refrigeration Systems
      • –Commercial Refrigeration
      • –Domestic Refrigeration
      • –Ducted, Packaged & Rooftop Acs
      • –Industrial Refrigeration
      • –Split Ac
      • –Vrf
      • –Window Ac

      UK: REFRIGERANTS MARKET, BY APPLICATION, 2024–2029

      Segment202420252026202720282029CAGR (%)
      AIR CONDITIONING SYSTEMS8.478.929.421010.6511.376.07
      CHILLERS9.119.5310.0110.5511.1611.845.39
      MOBILE AIR CONDITIONING26.527.9829.6531.5433.6836.046.35
      REFRIGERATION SYSTEMS139.68147.17155.6165.14175.98187.896.11
      –COMMERCIAL REFRIGERATION64.6868.6373.0778.183.890.096.85
      –DOMESTIC REFRIGERATION2.612.782.973.183.433.77.26
      –DUCTED, PACKAGED & ROOFTOP ACS4.084.264.464.694.955.235.1
      –INDUSTRIAL REFRIGERATION72.475.7779.5683.8688.7594.15.38
      –SPLIT AC1.641.771.912.082.262.478.61
      –VRF2.742.883.043.223.433.655.91
      –WINDOW AC0.010.010.010.010.010.015.13
      TOTAL183.75193.6204.68217.23231.48247.146.11

      Target Audience

      • Refrigerant Manufacturers : Need UK-specific market data to develop compliant product portfolios, forecast demand for low-GWP alternatives, and identify growth opportunities in commercial refrigeration segments.
      • HVAC & Cooling System Providers : Require insights into UK regulatory requirements and customer demand for sustainable refrigerants to design systems that meet F-Gas Regulation standards and capture growing market share.
      • Commercial Refrigeration Operators : Seek market intelligence on refrigerant options, compliance timelines, and cost implications to plan system upgrades, optimize operational efficiency, and manage regulatory risks.
      • Environmental & Sustainability Consultants : Need UK market data to advise clients on refrigerant transitions, assess environmental impact reduction opportunities, and align cooling solutions with net-zero commitments.
      • Investment & Strategy Teams : Require market forecasts and growth drivers to evaluate investment opportunities in UK refrigerant companies, assess sector viability, and inform M&A and expansion decisions.

      Key Companies in the UK Refrigerants Market

      CompanyHQOwnershipStrongest segments
      AIRGAS INCUnited StatesPrivate CompanyHFC & Blends,HFO,Isobutane,
      TRANE TECHNOLOGIES PLCIrelandPublic CompanyAir Conditioning System,Chillers,Refrigeration System,
      CARRIER GLOBAL CORPORATIONUnited StatesPublic CompanyHFC & Blends,HFO,Isobutane & Propane,
      ARKEMAFrancePublic CompanyHFC & Blends,HFO,Isobutane & Propane,
      DONGYUE GROUP LIMITEDChinaPublic CompanyHFC & Blends,HFO,Isobutane,
      HONEYWELL INTERNATIONAL INC.United StatesPublic CompanyHFC & Blends,HFO,Isobutane & Propane,
      THE CHEMOURS COMPANYUnited StatesPublic CompanyHFC & Blends,HFO,Isobutane,
      LINDE PLCUnited KingdomPublic CompanyHFC & Blends,HFO,Isobutane,
      SINOCHEM HONG KONG (GROUP) COMPANY LIMITEDHong KongPrivate CompanyHFC & Blends,HFO,Isobutane,
      DAIKIN INDUSTRIES, LTD.JapanPublic CompanyHFC & Blends,HFO,Isobutane,
      ORBIA ADVANCE CORPORATION, S.A.B. DE C.V.MexicoPublic CompanyHFC & Blends,HFO,Isobutane & Propane,
      AGC INC.United StatesPublic CompanyHFC & Blends,HFO,Isobutane,
      SRF LIMITEDIndiaPublic CompanyHFC & Blends,HFO,Isobutane,
      GUJARAT FLUOROCHEMICALS LIMITEDIndiaPublic CompanyHFC & Blends,HFO,Isobutane,
      NAVIN FLUORINE INTERNATIONAL LIMITEDIndiaPublic CompanyHFC & Blends,HFO,Isobutane & Propane,

      AIRGAS INC

      Airgas Inc. is a private company founded in 1982 in the United States with 17,000 employees. The company operates in the industrial gases and related products sector.

      TRANE TECHNOLOGIES PLC

      Trane Technologies PLC is a public company incorporated in Ireland with a history dating back to 1885 and 44,000 employees. The company provides climate control and building solutions globally.

      CARRIER GLOBAL CORPORATION

      Carrier Global Corporation is a publicly traded U.S. company established in 2019 with 47,000 employees. The company specializes in HVAC, refrigeration, and fire and security solutions.

      ARKEMA

      Arkema is a French public company founded in 2003 with 20,700 employees. The company manufactures specialty chemicals and advanced materials for various industrial applications.

      DONGYUE GROUP LIMITED

      Dongyue Group Limited is a Chinese public company established in 1987 with 6,377 employees. The company operates in the chemical manufacturing sector.

      HONEYWELL INTERNATIONAL INC.

      Honeywell International Inc. is a publicly traded U.S. company with roots dating to 1885 and 101,000 employees. The company provides diversified technology and manufacturing solutions across aerospace, building technologies, and performance materials.

      THE CHEMOURS COMPANY

      The Chemours Company is a U.S. public company founded in 2014 with 5,700 employees. The company manufactures and sells specialty chemicals, including refrigerants and fluoroproducts.

      LINDE PLC

      Linde PLC is a public company incorporated in the United Kingdom with origins tracing to 1879 and 65,034 employees. The company is a leading global supplier of industrial gases and engineering services.

      SINOCHEM HONG KONG (GROUP) COMPANY LIMITED

      Sinochem Hong Kong (Group) Company Limited is a private company established in Hong Kong in 1989. The company operates in the chemical and petrochemical sectors.

      DAIKIN INDUSTRIES, LTD.

      Daikin Industries, Ltd. is a Japanese public company founded in 1924 with 104,095 employees. The company is a global leader in air conditioning, refrigeration, and chemical products.

      ORBIA ADVANCE CORPORATION, S.A.B. DE C.V.

      Orbia Advance Corporation, S.A.B. de C.V. is a Mexican public company established in 1953 with 22,683 employees. The company manufactures and distributes specialty chemicals, polymers, and building solutions.

      AGC INC.

      AGC Inc. is a U.S. public company founded in 1990 with 22,000 employees. The company operates in the specialty chemicals and materials sector.

      SRF LIMITED

      SRF Limited is an Indian public company founded in 1970 with 7,686 employees. The company manufactures specialty chemicals, fluorochemicals, and polymer films.

      GUJARAT FLUOROCHEMICALS LIMITED

      Gujarat Fluorochemicals Limited is an Indian public company established in 1987 with 3,405 employees. The company produces fluorochemicals and related specialty chemicals.

      NAVIN FLUORINE INTERNATIONAL LIMITED

      Navin Fluorine International Limited is an Indian public company founded in 1967 with 1,569 employees. The company manufactures fluorochemicals and specialty chemicals.

      Reasons to Buy this Report

      • Regulatory Compliance Intelligence : Understand UK F-Gas Regulation requirements and environmental standards to ensure your refrigerant portfolio meets current and upcoming compliance mandates, avoiding costly penalties and operational disruptions.
      • Market Sizing & Growth Projections : Access precise UK market valuation (£183.7M in 2024) and 2029 forecasts to inform capital allocation, expansion strategies, and competitive positioning in the commercial refrigeration sector.
      • Low-GWP Transition Roadmap : Identify opportunities in the rapid shift toward sustainable refrigerants, including market gaps, technology adoption timelines, and customer demand patterns specific to the UK market.
      • Sector-Specific Demand Analysis : Gain insights into UK commercial refrigeration, retail, food service, and HVAC segments to tailor product development, marketing, and distribution strategies for maximum market penetration.
      • Competitive Benchmarking : Evaluate your market position against competitors with data-driven insights on UK market trends, growth drivers, and emerging opportunities in the 6.11% CAGR expansion landscape.

      Frequently asked questions

      What is the current size of the UK refrigerants market?

      The UK refrigerants market is valued at £183.7 million in 2024 and is expected to grow to £247.1 million by 2029.

      What is the growth rate of the UK refrigerants market?

      The UK refrigerants market is projected to grow at a compound annual growth rate (CAGR) of 6.11% from 2024 to 2029.

      What are the main drivers of growth in the UK refrigerants market?

      The UK market is driven by regulatory compliance with environmental standards, the phase-out of high-GWP refrigerants, increasing demand from commercial refrigeration, and the UK's net-zero commitments.

      Which sectors are the largest consumers of refrigerants in the UK?

      The UK's commercial refrigeration, HVAC systems, food retail, and industrial cooling sectors are the primary consumers of refrigerants.

      What types of refrigerants are gaining traction in the UK market?

      Low-global-warming-potential (GWP) refrigerants and natural refrigerant alternatives are increasingly adopted in the UK market due to regulatory requirements and sustainability initiatives.

      RESEARCH METHODOLOGY

      The study involved four major activities in estimating the market size for refrigerants. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

      Secondary Research

      Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

      Primary Research

      The Refrigerants market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the automotive, medical, construction and others. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative informations.

      Breakdown of Primary Participants

      Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2023 available in the public domain, product portfolios, and geographical presence.

      Other designations include consultants and sales, marketing, and procurement managers.

      Refrigerants Market

      To know about the assumptions considered for the study, download the pdf brochure

      COMPANY NAME DESIGNATION
      Honeywell International Inc. Director of Marketing
      The Chemours Company Manager- Sales & Marketing
      The Linde Group Sales Manager
      Arkema Production Manager

      Market Size Estimation

      Both top-down and bottom-up approaches were used to estimate and validate the total size of the Refrigerants market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

      • The key players in the industry have been identified through extensive secondary research.
      • The supply chain of the industry has been determined through primary and secondary research.
      • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
      • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

      Refrigerants Market: Top-Down Approach

      Refrigerants Market

      Data Triangulation

      After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the refrigerants industry.

      Market Definition

      According to the International Institute of Refrigeration, refrigerants are cooling mediums that absorb heat at low temperatures and pressure and release heat at high temperatures and pressure. Fluorocarbons are the most widely used refrigerants in equipment, such as refrigerators and air conditioners. However, due to their high ozone depleting potential (ODP) and global warming potential (GWP), they are being replaced by greener refrigerants such as propane, isobutane, ammonia, and carbon dioxide, among others, such as water and propene.

      Stakeholders

      • Refrigerants Manufacturers
      • Refrigerants Traders, Distributors, and Suppliers
      • End-use Market Participants of Different Segments of Refrigerants
      • Government and Research Organizations
      • Associations and Industrial Bodies
      • Research and Consulting Firms
      • R&D Institutions
      • Environment Support Agencies
      • Investment Banks and Private Equity Firms

      Report Objectives

      • To define, describe, and forecast the refrigerants market in terms of value and volume
      • To provide detailed information regarding the drivers, opportunities, restraints, and challenges influencing market growth
      • To estimate and forecast the market size by type, application, and region
      • To forecast the size of the market for five main regions: Europe, North America, Asia Pacific, South America, and the Middle East & Africa, along with their key countries
      • To strategically analyze micromarkets1 with respect to their growth trends, prospects, and contribution to the overall market
      • To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
      • To analyze competitive developments, such as deals and expansions, in the market
      • To analyze the impact of the recession on the market
      • To strategically profile key players and comprehensively analyze their growth strategies

       

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      METHODOLOGY

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