The United States R23 Refrigerant Market was valued at USD 256 million in 2024 and is projected to reach USD 321 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 2.3% during the forecast period (2024-2032). Despite stringent environmental regulations, demand remains strong for specialized applications in pharmaceuticals, semiconductor manufacturing, and scientific research requiring cryogenic temperatures below -82°C.
As the industry navigates HFC phase-down mandates under the AIM Act, leading chemical companies are innovating to maintain critical cooling capabilities while developing sustainable alternatives. This report profiles the Top 10 Companies in the U.S. R23 Refrigerant Market—global fluorochemical specialists and gas providers delivering essential solutions during this transition period.
🔟 1. The Chemours Company
Headquarters: Wilmington, Delaware, USA
Key Offering: Opteon™ refrigerants and R23 solutions
A spin-off from DuPont, Chemours leads in fluoroproduct innovation with extensive capabilities in R23 production. The company maintains supply chain resilience through its phased manufacturing approach for regulated substances.
Key Initiatives:
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$40 million annual R&D investment for next-gen refrigerants
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Development of R23 blends with 75% lower GWP
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Comprehensive recycling programs for HFC recovery
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United States R23 Refrigerant Market – View in Detailed Research Report
9️⃣ 2. Honeywell International Inc.
Headquarters: Charlotte, North Carolina, USA
Key Offering: Solstice® alternatives and R23 supply
Honeywell combines its legacy R23 production with breakthrough Solstice® technology, serving both traditional cryogenic users and emerging quantum computing applications.
Key Initiatives:
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Solstice® zy refrigerant (GWP <1) development
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Strategic allocation for exempted medical applications
8️⃣ 3. Arkema S.A.
Headquarters: Colombes, France
Key Offering: Forane® R23 for U.S. markets
Arkema’s fluorochemicals division maintains 18% market share in specialty refrigerant applications, with strong positions in pharmaceutical and research sectors through its Forane® brand.
Key Initiatives:
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€180 million annual R&D expenditure
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Industry-leading closed-loop refrigerant management
7️⃣ 4. Air Liquide
Headquarters: Paris, France
Key Offering: Ultra-high purity R23 solutions
Air Liquide’s U.S. operations specialize in medical-grade R23 for MRI systems and semiconductor fabrication, with purity standards exceeding 99.999%.
Key Initiatives:
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Dedicated critical applications supply chain
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24/7 emergency response capability
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United States R23 Refrigerant Market – View in Detailed Research Report
6️⃣ 5. Daikin Industries
Headquarters: Osaka, Japan
Key Offering: R23 for industrial chillers
Daikin’s U.S. subsidiary serves precision cooling applications with reliable R23 supply while pioneering lower-GWP alternatives through its Fluorochemicals Laboratory.
Key Initiatives:
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R32/R23 blend development (82% GWP reduction)
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Chiller retrofit programs for phase-down compliance
5️⃣ 6. Linde plc
Headquarters: Guildford, UK
Key Offering: Laboratory-grade R23
Linde’s extensive U.S. distribution network supplies research institutions and tech manufacturers with ultra-pure R23 meeting ASTM E2472 standards.
Key Initiatives:
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Quantum computing cooling solutions
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Cylinder tracking technology
4️⃣ 7. Gujarat Fluorochemicals Limited
Headquarters: Vadodara, India
Key Offering: Cost-competitive R23 supply
GFL has emerged as a value alternative for U.S. industrial users through strategic partnerships with regional distributors.
Key Initiatives:
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Manufacturing optimization for regulated substances
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Blended refrigerant development
3️⃣ 8. Refrigerant Solutions LLC
Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: R23 reclamation and distribution
This specialty provider plays a critical role in extending R23 availability through recovery and purification services during the phase-down period.
Key Initiatives:
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Patent-pending reclamation technology
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Nationwide emergency supply network
2️⃣ 9. Mexichem (Orbia)
Headquarters: Tlalnepantla, Mexico
Key Offering: North American R23 supply
Orbia’s Fluor segment maintains consistent R23 production for U.S. industrial applications where alternatives remain unviable.
Key Initiatives:
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Closed-loop recycling programs
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Regulatory transition consulting
1️⃣ 10. Harp International Ltd.
Headquarters: Knutsford, UK
Key Offering: Specialty refrigerant imports
Harp supplies ultra-high purity R23 to U.S. medical and research sectors through authorized distribution channels with strict quality controls.
Key Initiatives:
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Global sourcing network
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EPA compliance expertise
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United States R23 Refrigerant Market – View in Detailed Research Report
🌡 Industry Outlook: Navigating Regulatory Change
The R23 market faces transformative pressures, balancing 85% production cuts mandated by 2036 against enduring demand from exempted applications. While overall volumes decline, critical sectors maintain requirements for this irreplaceable cryogenic solution.
📊 Defining Market Trends:
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15-20% annual price inflation for remaining R23 supplies
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Accelerated adoption of reclaimed refrigerant programs
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$280 million invested in ultra-low temperature alternatives (2023-2025)
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Growing premium services for critical users
Read Full Report:
United States R23 Refrigerant Market – View in Detailed Research Report
The featured companies continue enabling vital industries during this transition, combining technical expertise with responsible environmental stewardship.
