Global Secondary Refrigerants Market Size Study & Forecast, by Product (Glycols, Salt Brines, Carbon Dioxide) and End-use, and Regional Forecasts 2025-2035

Description

The Global Secondary Refrigerants Market is valued at approximately USD 0.81 billion in 2024 and is projected to grow at a healthy compound annual growth rate (CAGR) of 7.50% during the forecast period from 2025 to 2035. Secondary refrigerants-substances used to transfer heat from one location to another after being cooled by a primary refrigerant-are becoming increasingly vital in the refrigeration and air conditioning industry due to the global movement toward sustainable and energy-efficient systems. Their ability to reduce direct greenhouse gas emissions from refrigerants and mitigate energy consumption has made them indispensable across various commercial and industrial environments. As the world navigates stricter climate policies and cooling technology evolves, secondary refrigerants are emerging as a strategic enabler of both environmental compliance and operational efficiency.

Heightened regulatory pressure on hydrofluorocarbon (HFC) use, particularly across Europe and North America, has spurred a wave of investment in low-GWP (Global Warming Potential) refrigerants and systems that rely more heavily on secondary loops. In this context, glycol-based secondary refrigerants-especially propylene and ethylene glycols-are seeing increased application in commercial refrigeration and district cooling systems. Additionally, carbon dioxide, with its ultra-low GWP profile, is gaining traction in cascade refrigeration systems. The shift toward sustainable supermarket refrigeration, industrial chillers, and CO2 transcritical systems is pushing manufacturers to continuously enhance the thermal conductivity and safety profile of secondary fluids. Moreover, the surging demand for cold chain logistics, largely driven by pharmaceuticals and perishable food segments, is reinforcing the relevance of these refrigerants in maintaining precise thermal conditions.

Regionally, North America commands a substantial share of the secondary refrigerants market, underpinned by its advanced HVAC infrastructure and proactive environmental policy framework. The region's robust demand for energy-efficient refrigeration systems in commercial retail, data centers, and cold storage applications is accelerating the transition toward secondary loop systems. Europe, bolstered by the F-Gas regulation and high environmental consciousness, continues to lead innovation in secondary refrigerant adoption, with several nations enforcing aggressive decarbonization targets. Meanwhile, Asia Pacific is poised for the fastest growth over the forecast period. Emerging economies such as China and India are expanding their industrial base and cold chain networks, necessitating reliable and scalable cooling solutions. Rapid urbanization, infrastructure development, and growing food exports are compelling end-users to shift toward safer and more sustainable refrigerant systems in the region.

Major market player included in this report are:

BASF SE
Trane Technologies
Arkema S.A.
The Dow Chemical Company
Clariant AG
Chemours Company
Dynalene, Inc.
Linde Group
Johnson Controls
Hydratech Limited
Temprite Company
SINTEF Energy Research
Axima Refrigeration
Engie Refrigeration GmbH
Mayekawa Mfg. Co., Ltd.

Global Secondary Refrigerants Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Product:

Glycols
Salt Brines
Carbon Dioxide

By End-use:

Commercial Refrigeration
Industrial Refrigeration
Heat Pumps
Air Conditioning

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Secondary Refrigerants Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Secondary Refrigerants Market Forces Analysis

3.1. Market Forces Shaping The Global Secondary Refrigerants Market (2024-2035)
3.2. Drivers
- 3.2.1. Rising demand for sustainable and energy-efficient cooling systems
- 3.2.2. Regulatory pressures to phase down HFC refrigerants globally
3.3. Restraints
- 3.3.1. High initial setup and maintenance costs of secondary systems
- 3.3.2. Limited awareness and adoption in emerging markets
3.4. Opportunities
- 3.4.1. Expansion of cold chain logistics and pharmaceutical storage
- 3.4.2. Increasing adoption in district cooling and heat pump technologies

Chapter 4. Global Secondary Refrigerants Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Secondary Refrigerants Market Size & Forecasts by Product 2025-2035

5.1. Market Overview
5.2. Global Secondary Refrigerants Market Performance - Potential Analysis (2025)
5.3. Glycols
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Salt Brines
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Carbon Dioxide
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Secondary Refrigerants Market Size & Forecasts by End-use 2025-2035

6.1. Market Overview
6.2. Global Secondary Refrigerants Market Performance - Potential Analysis (2025)
6.3. Commercial Refrigeration
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Industrial Refrigeration
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Heat Pumps
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. Air Conditioning
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Secondary Refrigerants Market Size & Forecasts by Region 2025-2035

7.1. Secondary Refrigerants Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Secondary Refrigerants Market
- 7.3.1. U.S. Secondary Refrigerants Market
  - 7.3.1.1. Product breakdown size & forecasts, 2025-2035
  - 7.3.1.2. End-use breakdown size & forecasts, 2025-2035
- 7.3.2. Canada Secondary Refrigerants Market
  - 7.3.2.1. Product breakdown size & forecasts, 2025-2035
  - 7.3.2.2. End-use breakdown size & forecasts, 2025-2035
7.4. Europe Secondary Refrigerants Market
- 7.4.1. UK Secondary Refrigerants Market
  - 7.4.1.1. Product breakdown size & forecasts, 2025-2035
  - 7.4.1.2. End-use breakdown size & forecasts, 2025-2035
- 7.4.2. Germany Secondary Refrigerants Market
  - 7.4.2.1. Product breakdown size & forecasts, 2025-2035
  - 7.4.2.2. End-use breakdown size & forecasts, 2025-2035
- 7.4.3. France Secondary Refrigerants Market
  - 7.4.3.1. Product breakdown size & forecasts, 2025-2035
  - 7.4.3.2. End-use breakdown size & forecasts, 2025-2035
- 7.4.4. Spain Secondary Refrigerants Market
  - 7.4.4.1. Product breakdown size & forecasts, 2025-2035
  - 7.4.4.2. End-use breakdown size & forecasts, 2025-2035
- 7.4.5. Italy Secondary Refrigerants Market
  - 7.4.5.1. Product breakdown size & forecasts, 2025-2035
  - 7.4.5.2. End-use breakdown size & forecasts, 2025-2035
- 7.4.6. Rest of Europe Secondary Refrigerants Market
  - 7.4.6.1. Product breakdown size & forecasts, 2025-2035
  - 7.4.6.2. End-use breakdown size & forecasts, 2025-2035
7.5. Asia Pacific Secondary Refrigerants Market
- 7.5.1. China Secondary Refrigerants Market
  - 7.5.1.1. Product breakdown size & forecasts, 2025-2035
  - 7.5.1.2. End-use breakdown size & forecasts, 2025-2035
- 7.5.2. India Secondary Refrigerants Market
  - 7.5.2.1. Product breakdown size & forecasts, 2025-2035
  - 7.5.2.2. End-use breakdown size & forecasts, 2025-2035
- 7.5.3. Japan Secondary Refrigerants Market
  - 7.5.3.1. Product breakdown size & forecasts, 2025-2035
  - 7.5.3.2. End-use breakdown size & forecasts, 2025-2035
- 7.5.4. Australia Secondary Refrigerants Market
  - 7.5.4.1. Product breakdown size & forecasts, 2025-2035
  - 7.5.4.2. End-use breakdown size & forecasts, 2025-2035
- 7.5.5. South Korea Secondary Refrigerants Market
  - 7.5.5.1. Product breakdown size & forecasts, 2025-2035
  - 7.5.5.2. End-use breakdown size & forecasts, 2025-2035
- 7.5.6. Rest of Asia Pacific Secondary Refrigerants Market
  - 7.5.6.1. Product breakdown size & forecasts, 2025-2035
  - 7.5.6.2. End-use breakdown size & forecasts, 2025-2035
7.6. Latin America Secondary Refrigerants Market
- 7.6.1. Brazil Secondary Refrigerants Market
  - 7.6.1.1. Product breakdown size & forecasts, 2025-2035
  - 7.6.1.2. End-use breakdown size & forecasts, 2025-2035
- 7.6.2. Mexico Secondary Refrigerants Market
  - 7.6.2.1. Product breakdown size & forecasts, 2025-2035
  - 7.6.2.2. End-use breakdown size & forecasts, 2025-2035
7.7. Middle East and Africa Secondary Refrigerants Market
- 7.7.1. UAE Secondary Refrigerants Market
  - 7.7.1.1. Product breakdown size & forecasts, 2025-2035
  - 7.7.1.2. End-use breakdown size & forecasts, 2025-2035
- 7.7.2. Saudi Arabia Secondary Refrigerants Market
  - 7.7.2.1. Product breakdown size & forecasts, 2025-2035
  - 7.7.2.2. End-use breakdown size & forecasts, 2025-2035
- 7.7.3. South Africa Secondary Refrigerants Market
  - 7.7.3.1. Product breakdown size & forecasts, 2025-2035
  - 7.7.3.2. End-use breakdown size & forecasts, 2025-2035
- 7.7.4. Rest of Middle East & Africa Secondary Refrigerants Market
  - 7.7.4.1. Product breakdown size & forecasts, 2025-2035
  - 7.7.4.2. End-use breakdown size & forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. BASF SE
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Trane Technologies
8.4. Arkema S.A.
8.5. The Dow Chemical Company
8.6. Clariant AG
8.7. Chemours Company
8.8. Dynalene, Inc.
8.9. Linde Group
8.10. Johnson Controls
8.11. Hydratech Limited
8.12. Temprite Company
8.13. SINTEF Energy Research
8.14. Axima Refrigeration
8.15. Engie Refrigeration GmbH
8.16. Mayekawa Mfg. Co., Ltd.