North America Refrigerant Market Size and Forecast 2021-2031, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type, Application, End Use, and Country

List of Tables

The North America Refrigerants size was valued at US$ 7.05 billion in 2024 and is projected to reach US$ 11.14 billion by 2031; it is expected to register a CAGR of 6.8% from 2025 to 2031.

The refrigerants market in North America is experiencing accelerated growth, driven by rising demand in data centers and high-tech cooling. Data centers and high-tech facilities across North America generate significant heat due to intensive computing and server operations, requiring specialized refrigerants to deliver reliable thermal management. Traditional refrigerants fall short in meeting the unique cooling demands of these environments, pushing the industry to innovate and develop products tailored to high heat loads and continuous operation.

As digital infrastructure expands, the need for energy-efficient refrigerants that support sustainability goals becomes paramount. Data centers prioritize minimizing downtime and optimizing power usage effectiveness (PUE), making refrigerant performance a key factor in system reliability. The complexity of these cooling systems calls for refrigerants with stable thermodynamic properties, safety compliance, and compatibility with technologies such as liquid and indirect cooling systems.

This growing segment encourages collaboration between refrigerant manufacturers, equipment producers, and end users to create customized solutions that enhance performance and reduce environmental impact. Companies that invest in research and development to address these specialized requirements will strengthen their market position and meet the evolving needs of the technology sector. The rising demand from data centers and high-tech cooling applications represents a promising avenue for growth and innovation in the North America refrigerant market.

Additionally, manufacturers are creating blends that optimize key factors such as environmental impact, safety, and cooling efficiency. Combining the advantages of different refrigerants, hybrid refrigerant blends offer tailored performance solutions that meet diverse application requirements while complying with stringent regulations.

Hybrid refrigerants bridge the gap between traditional refrigerants and newer low-GWP alternatives. They balance thermodynamic efficiency with reduced flammability or toxicity, addressing safety concerns that limit the adoption of natural refrigerants. This flexibility makes hybrid blends attractive across sectors, including commercial refrigeration, HVAC, automotive, and industrial applications.

The innovation behind hybrid blends allows companies to customize refrigerant formulations to suit specific equipment designs and operational conditions. This adaptability reduces retrofitting challenges and enhances system compatibility, accelerating the transition to more sustainable cooling technologies. As regulatory landscapes evolve, hybrid refrigerants provide manufacturers and end users with practical solutions that support compliance without sacrificing performance.

Some of the key players operating in the North America refrigerant market are A-Gas International Limited, Eastman Chemical Co, The Chemours Co, Arkema SA, Linde Plc, Honeywell International Inc, Daikin Industries Ltd, Air Liquide, Orbia, and Quimobasicos SA de CV.

The overall North America refrigerant market size was derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the North America refrigerant market.

Product Code: TIPRE00041000

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
3.3 Assumptions and Limitations

4. North America Refrigerant Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Threat of Substitutes:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Bargaining Power of Suppliers:
- 4.2.5 Competitive Rivalry:
4.3 Impact of US Trade Tariff on North America Refrigerant Market
- 4.3.1 Trade between the US and China:
- 4.3.2 Impact on US Import-Export Trends:
  - 4.3.2.1 Import Trends -
  - 4.3.2.2 Export Trends -
- 4.3.3 Impact on the US Consumers:
- 4.3.4 Impact on the Stock Market:
- 4.3.5 Impact on Other Countries:
- 4.3.6 Impact on North America Refrigerant Market:
  - 4.3.6.1 Impact on US Manufacturers -
  - 4.3.6.2 Impact on International Manufacturers -
  - 4.3.6.3 Conclusion
4.4 Ecosystem Analysis
- 4.4.1 Raw Materials:
- 4.4.2 Manufacturers:
- 4.4.3 Distributors
- 4.4.4 End Users
- 4.4.5 List of Vendors in the Value Chain
4.5 Average Selling Price by Refrigerant Type (US$/KG), 2024
4.6 Import-Export Analysis
- 4.6.1 Import Export Analysis - HS Code: 382474 Mixtures containing hydrochlorofluorocarbons "HCFCs", whether or not containing perfluorocarbons
  - 4.6.1.1 US Import Value (US$ Thousand)
  - 4.6.1.2 US Import Volume (Tons)
  - 4.6.1.3 US Export Value (US$ Thousand)
  - 4.6.1.4 US Export Volume (Tons)
- 4.6.2 Import Export Analysis - HS Code: 382478 Mixtures containing perfluorocarbons "PFCs" or hydrofluorocarbons "HFCs"
  - 4.6.2.1 US Import Value (US$ Thousand)
  - 4.6.2.2 US Import Volume (Tons)
  - 4.6.2.3 US Export Value (US$ Thousand)
  - 4.6.2.4 US Export Volume (Tons)
  - 4.6.2.5 Canada Import Value (US$ Thousand)
  - 4.6.2.6 Canada Import Volume (Kilograms)
  - 4.6.2.7 Mexico Import Value (US$ Thousand)
  - 4.6.2.8 Mexico Import Volume (Tons)
  - 4.6.2.9 Mexico Export Value (US$ Thousand)
  - 4.6.2.10 Mexico Export Volume (Tons)

5. North America Refrigerant Market - Key Market Dynamics

5.1 North America Refrigerant Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Favorable Government Policies and Initiatives
- 5.2.2 Rising Demand for Energy Efficiency and Technology Innovation
- 5.2.3 Expanding Automotive Industry
5.3 Market Restraints
- 5.3.1 High Costs and Supply Chain Challenges
- 5.3.2 Safety and Handling Concerns
- 5.3.3 Technical Barriers to Retrofit and Replacement
5.4 Market Opportunities
- 5.4.1 Expansion of Low-GWP and Natural Refrigerants
- 5.4.2 Growth in Electric and Hybrid Vehicle Thermal Management
- 5.4.3 Integration with Smart and Energy-Efficient HVAC Systems
5.5 Future Trends
- 5.5.1 Increased Focus on Refrigerant Recycling and Recovery
- 5.5.2 Rising Demand in Data Centers and High-Tech Cooling
- 5.5.3 Development of Hybrid Refrigerant Blends
5.6 Impact of Drivers and Restraints:

6. North America Refrigerant Market Analysis

6.1 North America Refrigerant Market Volume (Kilo Tons), 2021-2031
6.2 North America Refrigerant Market Volume Forecast and Analysis (Kilo Tons)
6.3 North America Refrigerant Market Revenue and Forecast (US$ Million), 2021-2031
6.4 North America Refrigerant Market Forecast and Analysis (US$ Million)

7. North America Refrigerant Market Volume and Revenue Analysis - by Type

7.1 Ammonia
- 7.1.1 Overview
- 7.1.2 Ammonia: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Ammonia: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Carbon Dioxide
- 7.2.1 Overview
- 7.2.2 Carbon Dioxide: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Carbon Dioxide: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Propane
- 7.3.1 Overview
- 7.3.2 Propane: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.3.3 Propane: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Isobutane
- 7.4.1 Overview
- 7.4.2 Isobutane: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.4.3 Isobutane: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.5 HFCs
- 7.5.1 Overview
- 7.5.2 HFCs: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.5.3 HFCs: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.6 HFO
- 7.6.1 Overview
- 7.6.2 HFO: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.6.3 HFO: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.7.3 Others: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. North America Refrigerant Market Volume and Revenue Analysis - by Application

8.1 Refrigeration Systems
- 8.1.1 Overview
- 8.1.2 Refrigeration Systems: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.1.3 Refrigeration Systems: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Chillers
- 8.2.1 Overview
- 8.2.2 Chillers: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.2.3 Chillers: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Air Conditioning Systems
- 8.3.1 Overview
- 8.3.2 Air Conditioning Systems: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.3.3 Air Conditioning Systems: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.4 MACs
- 8.4.1 Overview
- 8.4.2 MACs: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.4.3 MACs: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 8.5.3 Others: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. North America Refrigerant Market Volume and Revenue Analysis - by End Use

9.1 Industrial
- 9.1.1 Overview
- 9.1.2 Industrial: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.1.3 Industrial: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Commercial
- 9.2.1 Overview
- 9.2.2 Commercial: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.2.3 Commercial: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Residential
- 9.3.1 Overview
- 9.3.2 Residential: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.3.3 Residential: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 Others
- 9.4.1 Overview
- 9.4.2 Others: North America Refrigerant Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 9.4.3 Others: North America Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. North America Refrigerant Market - Country Analysis

10.1 North America
- 10.1.1 North America Refrigerant Market Breakdown, by Countries
- 10.1.2 North America Refrigerant Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.1 North America Refrigerant Market - Volume and Forecast Analysis - by Country
  - 10.1.2.2 North America Refrigerant Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.3 United States: Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.2.3.1 United States: Refrigerant Market Breakdown, by Type
    - 10.1.2.3.2 United States: Refrigerant Market Breakdown, by Application
    - 10.1.2.3.3 United States: Refrigerant Market Breakdown, by End Use
  - 10.1.2.4 Canada: Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.2.4.1 Canada: Refrigerant Market Breakdown, by Type
    - 10.1.2.4.2 Canada: Refrigerant Market Breakdown, by Application
    - 10.1.2.4.3 Canada: Refrigerant Market Breakdown, by End Use
  - 10.1.2.5 Mexico: Refrigerant Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.2.5.1 Mexico: Refrigerant Market Breakdown, by Type
    - 10.1.2.5.2 Mexico: Refrigerant Market Breakdown, by Application
    - 10.1.2.5.3 Mexico: Refrigerant Market Breakdown, by End Use

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Market Share Analysis, 2024

12. Industry Landscape

12.1 Overview
12.2 Collaborations
12.3 Expansions
12.4 New Launch
12.5 Mergers and Acquisitions
12.6 Company News

13. Company Profiles

13.1 A-Gas International Limited
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Eastman Chemical Co
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 The Chemours Co
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Arkema SA
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Linde Plc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Honeywell International Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Daikin Industries Ltd
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Air Liquide
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Orbia
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Quimobasicos SA de CV
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners