The Global Refrigerant Grade Propylene Market was valued at USD 1.85 Billion in 2024 and is projected to reach USD 2.56 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This robust growth is primarily fueled by the global phase-out of hydrofluorocarbon (HFC) refrigerants, burgeoning demand for energy-efficient cooling systems, and the expanding cold chain logistics sector, particularly in emerging economies.

As environmental regulations like the Kigali Amendment accelerate the transition to next-generation refrigerants, the demand for high-purity propylene, a key component in manufacturing low-global-warming-potential (GWP) hydrofluoroolefins (HFOs), is surging. In this blog, we profile the Top 10 Companies in the Refrigerant Grade Propylene Industry—a dynamic mix of chemical giants, gas specialists, and refrigerant innovators shaping the future of sustainable cooling.

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🔟 1. Linde plc

Headquarters: Guildford, United Kingdom (Global Operations)
Key Offering: High-Purity Propylene, Refrigerant Gases, On-site Supply Solutions

Linde is a global leader in industrial gases and engineering, providing ultra-high-purity propylene essential for the production of advanced refrigerants. The company serves a vast network of chemical processors and refrigerant manufacturers worldwide, leveraging its extensive production and distribution infrastructure.

Sustainability & Innovation Initiatives:

• Development of next-generation, low-GWP refrigerant solutions
• Investment in carbon capture and utilization technologies
• Commitment to climate neutrality across operations by 2050

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Global Refrigerant Grade Propylene Market – View in Detailed Research Report

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9️⃣ 2. Airgas, an Air Liquide Company

Headquarters: Radnor, Pennsylvania, USA
Key Offering: Refrigerant Grade Propylene, Specialty Gases, Bulk Gas Supply

As a part of the Air Liquide group, Airgas is a leading U.S. supplier of industrial, medical, and specialty gases, including high-purity propylene for the refrigerant industry. Their extensive distribution network ensures reliable supply to refrigerant formulators and HVAC&R equipment manufacturers across North America.

Sustainability & Innovation Initiatives:

• Promoting the adoption of sustainable refrigerant alternatives
• Supporting customers in navigating regulatory transitions (e.g., EPA regulations, AIM Act)

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8️⃣ 3. A-Gas International

Headquarters: Bristol, United Kingdom
Key Offering: Refrigerant Management Services, Reclaimed Refrigerants, Purified Propylene

A-Gas is a world leader in refrigerant life cycle management, specializing in the recovery, reclamation, and supply of refrigerant gases. While not a primary producer, they play a critical role in the circular economy for refrigerants, ensuring a supply of high-purity reclaimed propylene-based refrigerants.

Sustainability & Innovation Initiatives:

• Pioneering refrigerant reclamation and purification technologies
• Global network for the safe and responsible management of refrigerants

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7️⃣ 4. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: R-1270 (Propylene) Refrigerant, HVAC&R Systems

Daikin, a global HVAC-R titan, is a significant player as both a consumer and promoter of refrigerant-grade propylene, notably for its R-1270 refrigerant. As a leading manufacturer of air conditioning systems, Daikin invests heavily in developing and commercializing low-GWP solutions where propylene is a key ingredient.

Sustainability & Innovation Initiatives:

• Advocacy and development of R-32 and other low-GWP refrigerants
• Commitment to achieving carbon neutrality by 2050

Download FREE Sample Report:
Global Refrigerant Grade Propylene Market – View in Detailed Research Report

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6️⃣ 5. Rhodia (Solvay Group)

Headquarters: Paris, France
Key Offering: Specialty Chemicals, Fluorinated Gases, Chemical Intermediates

As part of the Solvay Group, Rhodia possesses advanced capabilities in fluorine chemistry, producing key intermediates for refrigerant manufacturing. Their expertise is crucial for developing the next generation of HFOs, which often rely on high-purity propylene as a building block.

Sustainability & Innovation Initiatives:

• R&D focused on sustainable chemistry and circular economy principles
• Production of fluorinated specialties with improved environmental profiles

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5️⃣ 6. National Refrigerants, Inc.

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Refrigerant Reclamation, Propylene-based Refrigerants, Bulk Gas Supply

National Refrigerants is a major U.S. supplier and reclaimer of refrigerants. They provide a consistent supply of various refrigerant blends and components, supporting the market’s need for compliant and reclaimed gases, including those derived from propylene.

Sustainability & Innovation Initiatives:

• Leading reclaimer certified by the EPA
• Promoting the circular economy through large-scale refrigerant reclamation

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4️⃣ 7. Shandong Yuean Chemical Industry Co., Ltd.

Headquarters: Zibo City, Shandong, China
Key Offering: Refrigerant Grade Propylene, Propylene Oxide, Chemical Intermediates

Shandong Yuean is a significant chemical manufacturer in China, producing refrigerant-grade propylene to serve the vast Asia-Pacific market. The company is central to the regional supply chain for raw materials used in refrigerant production.

Sustainability & Innovation Initiatives:

• Expanding production capacity to meet regional demand growth
• Adherence to evolving environmental standards in China

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3️⃣ 8. ExxonMobil Chemical Company

Headquarters: Spring, Texas, USA
Key Offering: Polymer Grade Propylene, Chemical Intermediates

As one of the world’s largest petrochemical companies, ExxonMobil is a major producer of propylene. While a significant portion is directed toward polypropylene production, its high-quality streams are a foundational source for the chemical industry, including downstream refrigerant manufacturers.

Sustainability & Innovation Initiatives:

• Advanced recycling technologies for plastics
• Research into lower-emission chemical processes

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2️⃣ 9. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Propylene Oxide, Propylene Glycol, Chemical Intermediates

LyondellBasell is a global leader in the production of propylene oxide and derivatives. Its operations are integral to the supply chain for various industrial chemicals, with its products serving as precursors in complex chemical syntheses, including some refrigerant pathways.

Sustainability & Innovation Initiatives:

• Commitment to producing recycled and renewable-based polymers and chemicals
• Investing in circularity and climate goals

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1️⃣ 10. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Chemical Intermediates, Refrigerant Blends, Catalysts

BASF, a chemical behemoth, is deeply involved in the refrigerant value chain. The company develops and produces advanced refrigerants and the chemical intermediates required for their synthesis, leveraging its vast petrochemical and R&D capabilities to drive innovation in low-GWP solutions.

Sustainability & Innovation Initiatives:

• Development of Opteon™ range of low-GWP refrigerants
• Ambitious carbon neutrality targets and circular economy programs

Get Full Report Here:
Global Refrigerant Grade Propylene Market – View in Detailed Research Report

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🌍 Outlook: The Future of Refrigerant Grade Propylene is Sustainable and Regulation-Driven

The refrigerant grade propylene market is at a pivotal juncture, directly influenced by the global push for environmental sustainability. The transition away from high-GWP HFCs is creating unprecedented demand for feedstocks used in next-generation refrigerants. This shift presents both challenges and immense opportunities for producers and innovators in the space.

📈 Key Trends Shaping the Market:

• Accelerated HFC phase-down schedules under the Kigali Amendment, driving demand for HFOs.
• Rising investments in cold chain infrastructure, particularly in Asia-Pacific and Latin America.
• Increased R&D in blending propylene with other compounds to optimize refrigerant performance and safety.
• Growing emphasis on the circular economy, boosting the refrigerant reclamation and purification sector.

Get Full Report Here:
Global Refrigerant Grade Propylene Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial feedstock—they are enabling the global transition to cleaner, more efficient cooling technologies that are essential for both modern life and the health of our planet.