North America Refrigerants Market worth USD 2.41 billion by 2030
The report "North America Refrigerants Market by Type (HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, Others) & Application (Refrigeration Systems, Chillers, Air Conditioning Systems, and MAC) - Forecast to 2030" is projected to reach USD 2.41 billion by 2030 from USD 1.75 billion in 2025, at a CAGR of 6.36% between 2025 and 2030.
Browse 68 market data Tables and 70 Figures spread through 200 Pages and in-depth TOC on "North America Refrigerants Market by Type (HFC, HFO, Isobutane, Propane, Ammonia, Carbon Dioxide, Others) & Application (Refrigeration Systems, Chillers, Air Conditioning Systems, and MAC) - Forecast to 2030"
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The North America refrigerants market is undergoing a major transition due to federal and state-level regulations targeting the phasedown of high-GWP HFCs under the AIM Act. The rising installation of high-efficiency air-conditioning units and commercial refrigeration systems, and the expansion of cold-chain logistics, continue to drive refrigerant consumption across the US, Canada, and Mexico. Growth in e-commerce-driven food delivery, pharmaceutical storage, and fresh produce distribution has intensified demand for advanced refrigeration technologies. Major HVACR manufacturers are adopting low-GWP blends, natural refrigerants, and next-generation system designs. The rising replacement of aging infrastructure, increased heat pump installations, and extreme weather-driven cooling demand further support the North America refrigerants market outlook. ?????
By type, the HFO segment is projected to be the fastest-growing type in the North America refrigerants market during the forecast period.
The refrigerant mix in North America is shifting as manufacturers and end users respond to evolving HFC phasedown policies. HFO-based refrigerants, including R-1234yf, R-1234ze, and various HFO-HFC blends, have rapidly gained share in automotive AC, chillers, and light commercial systems. CO2 (R-744) systems continue to expand in supermarket refrigeration and cold storage, supported by large retailers committing to sustainable cooling. Hydrocarbons, such as propane (R-290), are increasingly used in self-contained commercial units, vending machines, and domestic appliances. The region is also transitioning to new-generation blends, such as R-454B and R-32, in residential and commercial air conditioning. These shifts reflect rising regulatory pressure, sustainability commitments, and advancement in low-GWP HVACR technologies.
By application, the air conditioning systems segment accounted for the second-largest share of the North America refrigerants market in 2024.
Air conditioning accounted for the second-largest market share in terms of value in 2024, driven by high cooling demand, the replacement of outdated AC units, and the expansion of residential and commercial construction. The rapid adoption of energy-efficient heat pumps and ductless systems is also contributing to rising refrigerant consumption. Increasing frequency of heatwaves, stricter building efficiency codes, and HVAC upgrades in commercial and institutional buildings further supported AC-related refrigerant demand. The shift toward lower-GWP refrigerants in new AC systems, especially R-454B and R-32, has accelerated replacement cycles and created substantial growth opportunities across North America.
The US was the largest market for refrigerants in North America in 2024.
The US dominates regional refrigerant demand due to its large HVACR installed base, strong presence of OEMs, extensive cold-chain networks, and rapid adoption of low-GWP technologies, driven by the AIM Act regulations. The growing demand for cold storage, food processing, and pharmaceutical logistics, particularly following expansions in biologics and vaccine distribution, has intensified refrigerant consumption. Canada also remained a significant market due to the widespread deployment of natural refrigerant systems and heat pumps, supported by energy transition policies.
The key players profiled in the report include Honeywell International Inc. (US), The Chemours Company (US), Orbia Advance Corporation S.A.B. de C.V. (US), Arkema (France), Daikin Industries Ltd. (Japan), AGC Inc. (Japan), and Linde plc (Ireland).
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