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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, this growth persists due to R23’s indispensable role in ultra-low temperature applications across semiconductor fabrication, medical cooling systems, and industrial refrigeration where alternatives remain technically unfeasible.
As the chemical industry navigates HFC phase-down mandates under the AIM Act, refrigerant manufacturers are strategically balancing compliance requirements with continued supply for mission-critical applications. This analysis profiles the Top 10 Companies in the U.S. R23 Refrigerant Market—global chemical leaders and specialized gas providers maintaining this technically demanding sector.
🔟 1. The Chemours Company
Headquarters: Wilmington, Delaware, USA
Key Offering: Opteon™ refrigerants, R23 solutions for exempted applications
Chemours dominates the North American fluorochemicals sector with deep R23 expertise inherited from DuPont’s refrigeration patents. The company maintains approximately 22% of U.S. R23 production capacity, strategically focusing on high-value medical and defense applications.
Regulatory Strategy:
- Industry-leading refrigerant reclamation program processing 15M lbs annually
- Partnerships with research institutions for next-gen low-GWP alternatives
- Closed-loop systems reducing emissions by 92% in pilot facilities
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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® refrigerant solutions including precision R23 blends
Honeywell’s advanced materials division maintains strategic R23 production for aerospace and semiconductor applications, where its -82°C boiling point remains technically irreplaceable despite environmental concerns.
Regulatory Strategy:
- $450M annual R&D investment in fourth-generation refrigerants
- Patent-pending R23 recovery systems achieving 98% efficiency
- Blockchain-based cylinder tracking for regulatory compliance
8️⃣ 3. Arkema S.A.
Headquarters: Colombes, France (U.S. Operations in Pennsylvania)
Key Offering: Forane® refrigerants with specialty R23 formulations
Arkema’s fluorochemicals division provides 99.99% pure R23 for medical imaging and pharmaceutical applications through its North American distribution network covering 48 states.
Regulatory Strategy:
- Phase-out compensation programs for non-essential applications
- Technical support teams assisting with refrigerant transitions
- Carbon credit programs offsetting 25% of emissions
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United States R23 Refrigerant Market – View in Detailed Research Report
7️⃣ 4. Air Liquide
Headquarters: Paris, France (U.S. Operations in Texas)
Key Offering: Ultra-high purity R23 for semiconductor etching
Air Liquide specializes in semiconductor-grade R23, supplying 40% of U.S. chip fabrication plants with precision gas delivery systems that reduce waste by 60% compared to conventional methods.
Regulatory Strategy:
- On-site purification units eliminating transportation emissions
- Smart monitoring systems preventing leaks in cleanroom environments
- Long-term supply contracts with top three semiconductor manufacturers
6️⃣ 5. Daikin Industries
Headquarters: Osaka, Japan (U.S. Operations in Texas)
Key Offering: R23-based refrigerant blends and retrofit solutions
Daikin provides transitional R23 solutions through its U.S. distribution network, helping critical infrastructure operators comply with AIM Act requirements while maintaining system performance.
Regulatory Strategy:
- GWP-reduced blends cutting emissions by 35% in field tests
- Legacy system modernization programs preserving capital investments
- 24/7 technical support for emergency applications
5️⃣ 6. Gujarat Fluorochemicals Limited
Headquarters: Vadodara, India (U.S. Distribution Network)
Key Offering: Cost-competitive R23 imports for industrial users
GFL supplies price-sensitive U.S. manufacturers through strategic partnerships with regional distributors, offering cylinder buy-back programs that improve supply chain efficiency.
Regulatory Strategy:
- UN-certified cylinder refurbishment program
- Just-in-time inventory systems reducing warehouse emissions
- Carbon offset initiatives covering transport logistics
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United States R23 Refrigerant Market – View in Detailed Research Report
4️⃣ 7. Linde plc
Headquarters: Dublin, Ireland (U.S. Operations in Connecticut)
Key Offering: Research-grade R23 for national laboratories
Linde serves U.S. government research facilities with ultra-pure R23 certified to 99.999% purity levels, required for quantum computing and advanced materials research.
Regulatory Strategy:
- Special-use permits for exempted research applications
- Military-grade security and compliance protocols
- Zero-waste delivery systems for sensitive environments
3️⃣ 8. Orbia (formerly Mexichem)
Headquarters: Tlalnepantla, Mexico (U.S. Distribution)
Key Offering: Industrial process R23 for petrochemical sector
Orbia’s fluorinated solutions business supplies mission-critical R23 to U.S. chemical manufacturing plants through its cross-border logistics network covering 12 states.
Regulatory Strategy:
- Custom formulations meeting EPA exceptional-use criteria
- NAFTA-compliant transportation minimizing tariffs
- Emergency response teams for industrial accidents
2️⃣ 9. Refrigerant Solutions LLC
Headquarters: California, USA
Key Offering: R23 reclamation and specialized distribution
This niche operator provides EPA-certified R23 recovery services, processing over 500,000 lbs annually for reuse in exempted applications.
Regulatory Strategy:
- First U.S. operator achieving Zero Emissions Certification
- Mobile reclamation units serving 32 states
- Emergency supply agreements with 200+ hospitals
1️⃣ 10. Harp International Ltd.
Headquarters: Bristol, UK (U.S. Distribution)
Key Offering: Specialty R23 imports for critical applications
Harp serves U.S. customers requiring small-batch, high-purity R23 through its global gas network, prioritizing allocations for medical and defense applications.
Regulatory Strategy:
- DEFRA-certified import documentation
- Precision dispensing minimizing waste
- Compliance consulting for end-users
🔬 Outlook: The Evolving Landscape of R23 Refrigerant Applications
The U.S. R23 market is undergoing fundamental transformation as regulations reshape both supply and demand dynamics. While total volume is contracting (-8.7% CAGR projected through 2032), unit values are rising as production shifts toward high-purity, application-specific formulations exempt from phase-down requirements.
📊 Key Market Developments:
- Semiconductor sector now accounts for 42% of consumption, up from 28% in 2020
- Medical applications maintaining steady 3-5% annual demand growth
- Research institutions stockpiling 2-3 year supplies amid regulatory uncertainty
- Blended formulations reducing net GWP by 40-60% in pilot programs
Read Full Report:
United States R23 Refrigerant Market – View in Detailed Research Report
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