The Global Refrigerant Grade Propylene Market was valued at USD 1.28 Billion in 2023 and is projected to reach USD 1.76 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period (2024–2030). This growth is primarily fueled by the global phase-down of hydrofluorocarbon (HFC) refrigerants, escalating demand for energy-efficient cooling systems, and the expanding cold chain logistics sector across both developed and emerging economies.

As the refrigeration and air conditioning (RAC) industry pivots toward environmentally sustainable and high-performance solutions, the focus intensifies on the chemical producers and gas suppliers who are leading innovation in refrigerant-grade propylene. This high-purity chemical is a critical feedstock for producing hydrofluoroolefins (HFOs) and other next-generation, low-global-warming-potential (GWP) refrigerants. In this blog, we profile the Top 10 Companies in the Refrigerant Grade Propylene Industry—a group of industrial gas giants, chemical manufacturers, and specialty gas suppliers shaping the future of sustainable cooling.

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🔟 1. Linde plc

Headquarters: Guildford, United Kingdom (operational headquarters)
Key Offering: High-Purity Propylene (R-1270), On-site Supply Solutions

Linde is a global leader in the industrial gases sector, supplying ultra-high-purity refrigerant grade propylene to chemical processors and refrigerant manufacturers worldwide. The company’s extensive production and distribution network ensures a reliable supply of this critical feedstock, which is essential for producing low-GWP propylene-based refrigerants like R-1270.

Sustainability and Innovation Initiatives:

• Investment in advanced purification technologies for higher purity grades
• Strategic partnerships with refrigerant producers to develop sustainable cooling solutions
• Commitment to carbon neutrality in its own operations by 2050

Download FREE Sample Report:
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 Gas Blends, Distribution Services

As part of the Air Liquide group, Airgas is a leading U.S. supplier of industrial, medical, and specialty gases, including refrigerant grade propylene. Its vast distribution network serves the North American market, providing essential raw materials to companies formulating new-generation refrigerants that comply with environmental regulations like the AIM Act.

Sustainability and Innovation Initiatives:

• Supply chain optimization for reduced carbon footprint
• Support for R&D in low-GWP refrigerant technologies

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8️⃣ 3. A-Gas International

Headquarters: Bristol, United Kingdom
Key Offering: Refrigerant Grade Propylene, Refrigerant Management Services, Reclaimed Gases

A-Gas is a global leader in refrigerant management and the supply of specialty gases. While renowned for its recovery and reclamation services, the company is also a key player in the supply of high-purity propylene used in the manufacturing of environmentally progressive refrigerants, supporting the circular economy in the HVAC-R industry.

Sustainability and Innovation Initiatives:

• Pioneering refrigerant recovery and purification to extend product lifecycles
• Investment in technologies for the separation and purification of refrigerant blends

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7️⃣ 4. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: R-32, R-454B, and other HFO/HFC blends requiring Propylene feedstock

Daikin, a world-leading air conditioning manufacturer, is deeply integrated into the refrigerant value chain. The company’s chemical division is involved in the sourcing and qualification of high-purity propylene for its proprietary refrigerant blends, such as R-32, which is a key component in its energy-efficient systems.

Sustainability and Innovation Initiatives:

• Development of refrigerants with approximately 75% lower GWP than traditional alternatives
• Global initiatives for the responsible use and recovery of refrigerants

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

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6️⃣ 5. Rhodia Chemicals (Solvay Group)

Headquarters: Paris, France
Key Offering: High-Purity Fluorochemical Intermediates, Refrigerant Precursors

As part of the Solvay group, Rhodia Chemicals possesses advanced capabilities in fluorine chemistry and is a significant player in the specialty chemical market. The company produces critical intermediates for the refrigerant industry, which requires a consistent supply of high-grade propylene for synthesizing next-generation molecules.

Sustainability and Innovation Initiatives:

• Focus on developing sustainable fluorochemical solutions
• Process innovations to enhance yield and reduce waste in intermediate production

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5️⃣ 6. National Refrigerants, Inc.

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Refrigerant Grade Propylene, Reclaimed & Virgin Refrigerants

National Refrigerants is a major distributor of refrigerants in North America, supplying both virgin and reclaimed products. The company’s sourcing of refrigerant grade propylene is crucial for its role in the market, ensuring the availability of base materials needed for manufacturing and for supporting the repurposing of reclaimed gases.

Sustainability and Innovation Initiatives:

• Leading provider of EPA-certified refrigerant reclamation services
• Promoting the use of reclaimed refrigerants to reduce virgin production demand

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

Headquarters: Shandong Province, China
Key Offering: Refrigerant Grade Propylene, Propylene for Chemical Synthesis

Shandong Yuean is a prominent chemical manufacturer in China, specializing in the production of propylene and other olefins. The company is a key regional supplier of refrigerant grade propylene, supporting Asia’s massive refrigerant manufacturing sector as it transitions to newer, more sustainable formulations.

Sustainability and Innovation Initiatives:

• Capacity expansion to meet growing domestic and international demand
• Investment in production efficiency to minimize environmental impact

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3️⃣ 8. The Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Opteon™ portfolio of low-GWP refrigerants

Chemours is a global chemical leader with a strong focus on fluoroproducts, including its Opteon™ portfolio of HFO refrigerants. The company is a major consumer of high-purity propylene, which serves as a fundamental building block for its innovative, low-GWP products designed to replace HFCs across various applications.

Sustainability and Innovation Initiatives:

• Pioneering HFO technology with GWPs of less than 10
• Commitment to achieving carbon neutrality in its operations by 2050

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2️⃣ 9. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Solstice® portfolio of low-GWP refrigerants, blowing agents, and propellants

Honeywell is a cornerstone of the modern refrigerant industry, having developed and commercialized many of the HFO solutions available today. Its Solstice® products, which require high-purity propylene as a feedstock, are at the forefront of the industry’s shift away from high-GWP substances, offering performance with a significantly reduced environmental footprint.

Sustainability and Innovation Initiatives:

• Multi-billion-dollar investment in HFO manufacturing capacity
• Active participation in global policy shaping for refrigerant regulations

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1️⃣ 10. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Forane® F-gas substitutes, Fluorochemical intermediates

Arkema is a leading European chemical company and a major producer of fluorochemicals. Its Forane® range includes advanced refrigerants that utilize propylene-derived components. The company’s expertise in molecular design and synthesis makes it a critical supplier and innovator in the market for sustainable cooling solutions.

Sustainability and Innovation Initiatives:

• Development of refrigerant solutions with up to 99.9% lower GWP
• Commitment to sustainable development as a core pillar of its strategy

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

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🌍 Outlook: The Future is Driven by Sustainability and Regulation

The refrigerant grade propylene market is undergoing a significant transformation. While it remains a niche segment within the broader petrochemical industry, its importance is magnified by the global regulatory push for environmentally friendly refrigerants. The industry’s trajectory is now firmly aligned with sustainability goals and technological innovation.

📈 Key Trends Shaping the Market:

• Accelerated HFC phase-down schedules under the Kigali Amendment to the Montreal Protocol
• Rising demand for propylene-based HFOs (e.g., R-1234yf, R-1234ze) in automotive and stationary AC applications
• Growth in cold chain infrastructure, particularly in Asia-Pacific, driving demand for efficient refrigeration systems
• Increased R&D investment in next-generation refrigerant molecules with ultra-low GWP and zero ozone depletion potential (ODP)

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

The companies listed above are not only supplying a crucial chemical feedstock—they are enabling the global transition to cleaner, more efficient, and compliant cooling technologies that are essential for modern life.