PUBLISHER: IMARC | PRODUCT CODE: 1792491
PUBLISHER: IMARC | PRODUCT CODE: 1792491
Europe Hydrocarbon Refrigerants Market Report by Type (R290 Propane, R600a Isobutane, R1270 Propylene, and Others), Application (Refrigeration Systems, Chillers, Air Conditioning Systems, Heat Pumps, and Others), and Country 2025-2033
The Europe hydrocarbon refrigerants market size reached USD 240.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 427.5 Million by 2033, exhibiting a growth rate (CAGR) of 6.29% during 2025-2033.
Hydrocarbon refrigerants (HCs) are called natural refrigerants as the chemicals used in the manufacturing of these refrigerants are derived from the natural bio-chemical processes. These refrigerants have very low impact on the environment in terms of ozone depletion and global warming.
Europe has made stringent rules and regulations restricting the use of HFC and HCFC refrigerants which is turn is expected to increase the demand for natural refrigerants in the region. The governments of various countries in the region are taking various initiatives to limit the amount of fluorinated gases that are being sold in Europe and are banning the use of these gases in some new types of equipments as well. Moreover, hydrocarbon refrigerants are extensively being used in domestic refrigeration systems, commercial refrigeration systems, mobile air conditioners, stationary air conditioners, etc. With the changing lifestyles, food habits and increasing demand of time and energy saving appliances, the demand of hydrocarbon refrigerants has also increased in recent years in the European region. Apart from being environment-friendly, HCs are quite east to implement, require minimal investment during conversion and have a superior COP (coefficient of performance). Since cooling accounts for more than half of the energy consumption of any building, switching to hydrocarbon refrigerants can result in significant cost saving as well. In addition to this, hydrocarbon refrigerants can be purchased at cheaper prices, have a low GWP & GHG rating (Global Warming Potential and Greenhouse Gas emissions) and offer superior energy efficiency as compared to their alternatives.
Key Market Segmentation:
Breakup by Type:
- R290 Propane
- R600a Isobutane
- R1270 Propylene
- Others
Amongst these, (R290) propane currently holds the largest share.
Breakup by Application:
- Refrigeration Systems
- Chillers
- Air Conditioning Systems
- Heat Pumps
- Others
Refrigeration systems currently represent the leading segment, accounting for the largest share.
Breakup by Country:
- Germany
- United Kingdom
- France
- Others
Germany currently represents the largest market for hydrocarbon refrigerants in Europe.
Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive without any acquisition. Some of the leading players operating in the market are:
- Linde gas
- A-Gas
- SRS Frigadon
- Nidec Secop
- Beijer REF
- Eurammon
- True mfg
Key Questions Answered in This Report:
- How has the Europe hydrocarbon refrigerants market performed so far and how will it perform in the coming years?
- What are the key regional markets in the Europe hydrocarbon refrigerants industry?
- What has been the impact of COVID-19 on the Europe hydrocarbon refrigerants industry?
- What are the major types in the Europe hydrocarbon refrigerants industry?
- What are the major application segments in the Europe hydrocarbon refrigerants industry?
- What are the various stages in the value chain of the Europe hydrocarbon refrigerants industry?
- What are the key driving factors and challenges in the Europe hydrocarbon refrigerants industry?
- What is the structure of the Europe hydrocarbon refrigerants industry and who are the key players?
- What is the degree of competition in the Europe hydrocarbon refrigerants industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Europe Hydrocarbon Refrigerants Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Type
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
- 5.8 SWOT Analysis
- 5.8.1 Overview
- 5.8.2 Strengths
- 5.8.3 Weaknesses
- 5.8.4 Opportunities
- 5.8.5 Threats
- 5.9 Value Chain Analysis
- 5.9.1 Overview
- 5.9.2 Research and Development
- 5.9.3 Manufacturing
- 5.9.4 Distribution
- 5.9.5 Export
- 5.9.6 End-Use
- 5.10 Porters Five Forces Analysis
- 5.10.1 Overview
- 5.10.2 Bargaining Power of Buyers
- 5.10.3 Bargaining Power of Suppliers
- 5.10.4 Degree of Competition
- 5.10.5 Threat of New Entrants
- 5.10.6 Threat of Substitutes
- 5.11 Price Analysis
6 Market Breakup by Type
- 6.1 R290 Propane
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 R600a Isobutane
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 R1270 Propylene
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Refrigeration Systems
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Chillers
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Air Conditioning Systems
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Heat Pumps
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Country
- 8.1 Germany
- 8.1.1 Market Trends
- 8.1.2 Market Breakup by Type
- 8.1.3 Market Breakup by Application
- 8.1.4 Market Forecast
- 8.2 United Kingdom
- 8.2.1 Market Trends
- 8.2.2 Market Breakup by Type
- 8.2.3 Market Breakup by Application
- 8.2.4 Market Forecast
- 8.3 France
- 8.3.1 Market Trends
- 8.3.2 Market Breakup by Type
- 8.3.3 Market Breakup by Application
- 8.3.4 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Competitive Landscape
- 9.1 Market Structure
- 9.2 Key Players
- 9.3 Profiles of Key Players
- 9.3.1 Linde gas
- 9.3.2 A-Gas
- 9.3.3 SRS Frigadon
- 9.3.4 Nidec Secop
- 9.3.5 Beijer REF
- 9.3.6 Eurammon
- 9.3.7 True mfg
List of Figures
- Figure 1: Europe: Hydrocarbon Refrigerants Market: Major Drivers and Challenges
- Figure 2: Europe: Hydrocarbon Refrigerants Market: Value Trends (in Million USD), 2019-2024
- Figure 3: Europe: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2024
- Figure 4: Europe: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2024
- Figure 5: Europe: Hydrocarbon Refrigerants Market: Breakup by Country (in %), 2024
- Figure 6: Europe: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 7: Europe: Hydrocarbon Refrigerants Industry: SWOT Analysis
- Figure 8: Europe: Hydrocarbon Refrigerants Industry: Value Chain Analysis
- Figure 9: Europe: Hydrocarbon Refrigerants Industry: Porter's Five Forces Analysis
- Figure 10: Europe: Hydrocarbon Refrigerants (R290 Propane) Market: Value Trends (in Million USD), 2019 & 2024
- Figure 11: Europe: Hydrocarbon Refrigerants (R290 Propane) Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 12: Europe: Hydrocarbon Refrigerants (R600a Isobutane) Market: Value Trends (in Million USD), 2019 & 2024
- Figure 13: Europe: Hydrocarbon Refrigerants (R600a Isobutane) Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 14: Europe: Hydrocarbon Refrigerants (R1270 Propylene) Market: Value Trends (in Million USD), 2019 & 2024
- Figure 15: Europe: Hydrocarbon Refrigerants (R1270 Propylene) Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 16: Europe: Hydrocarbon Refrigerants (Other Types) Market: Value Trends (in Million USD), 2019 & 2024
- Figure 17: Europe: Hydrocarbon Refrigerants (Other Types) Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 18: Europe: Hydrocarbon Refrigerants (Refrigeration Systems) Market: Value Trends (in Million USD), 2019 & 2024
- Figure 19: Europe: Hydrocarbon Refrigerants (Refrigeration Systems) Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 20: Europe: Hydrocarbon Refrigerants (Chillers) Market: Value Trends (in Million USD), 2019 & 2024
- Figure 21: Europe: Hydrocarbon Refrigerants (Chillers) Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 22: Europe: Hydrocarbon Refrigerants (Air Conditioning Systems) Market: Value Trends (in Million USD), 2019 & 2024
- Figure 23: Europe: Hydrocarbon Refrigerants (Air Conditioning Systems) Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 24: Europe: Hydrocarbon Refrigerants (Heat Pumps) Market: Value Trends (in Million USD), 2019 & 2024
- Figure 25: Europe: Hydrocarbon Refrigerants (Heat Pumps) Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 26: Europe: Hydrocarbon Refrigerants (Other Applications) Market: Value Trends (in Million USD), 2019 & 2024
- Figure 27: Europe: Hydrocarbon Refrigerants (Other Applications) Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 28: Germany: Hydrocarbon Refrigerants Market: Value Trends (in Million USD), 2019 & 2024
- Figure 29: Germany: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2024
- Figure 30: Germany: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2024
- Figure 31: Germany: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 32: United Kingdom: Hydrocarbon Refrigerants Market: Value Trends (in Million USD), 2019 & 2024
- Figure 33: United Kingdom: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2024
- Figure 34: United Kingdom: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2024
- Figure 35: United Kingdom: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 36: France: Hydrocarbon Refrigerants Market: Value Trends (in Million USD), 2019 & 2024
- Figure 37: France: Hydrocarbon Refrigerants Market: Breakup by Type (in %), 2024
- Figure 38: France: Hydrocarbon Refrigerants Market: Breakup by Application (in %), 2024
- Figure 39: France: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million USD), 2025-2033
- Figure 40: Others: Hydrocarbon Refrigerants Market: Value Trends (in Million USD), 2019 & 2024
- Figure 41: Others: Hydrocarbon Refrigerants Market Forecast: Value Trends (in Million USD), 2025-2033
List of Tables
- Table 1: Europe: Hydrocarbon Refrigerants Market: Key Industry Highlights, 2024 and 2033
- Table 2: Europe: Hydrocarbon Refrigerants Market Forecast: Breakup by Type (in Million USD), 2025-2033
- Table 3: Europe: Hydrocarbon Refrigerants Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 4: Europe: Hydrocarbon Refrigerants Market Forecast: Breakup by Country (in Million USD), 2025-2033
- Table 5: Europe: Hydrocarbon Refrigerants Market: Competitive Structure
- Table 6: Europe: Hydrocarbon Refrigerants Market: Key Players
