The Global R448A Refrigerant Market is a critical segment of the refrigeration and air conditioning industry, valued at US$ million in 2025 and projected to reach US$ million by 2034, growing at a Compound Annual Growth Rate (CAGR) of % during the forecast period (2024–2034). This growth is primarily driven by the global phase-down of hydrofluorocarbons (HFCs) under the Kigali Amendment to the Montreal Protocol, increasing demand for energy-efficient cooling systems, and the superior performance characteristics of R448A as a lower Global Warming Potential (GWP) alternative to older refrigerants like R404A and R507A.

R448A, known by its trade name Solstice® N40 from Honeywell, is a non-flammable, zeotropic blend classified as an A1 refrigerant by ASHRAE. Its composition includes R-32 (26%), R-125 (26%), R-134a (21%), R-1234ze(E) (7%), and R-1234yf (20%), achieving a GWP of approximately 1,387, which is significantly lower than the refrigerants it replaces. As industries and regulators push for more sustainable operations, the key manufacturers developing and supplying R448A are at the forefront of this essential transition. This blog profiles the Top 10 Companies in the R448A Refrigerant Market—global chemical giants and specialized gas suppliers shaping the future of commercial refrigeration.

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🔟 1. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Solstice® N40 (R448A)

Honeywell is the pioneer and leading global supplier of R448A, which it markets under the Solstice® brand. As the original developer, Honeywell has invested significantly in hydrofluoroolefin (HFO) technology, positioning Solstice N40 as a drop-in replacement for R404A and R507A in supermarket refrigeration, cold storage, and transport refrigeration applications.

Sustainability Initiatives:

• Commitment to reducing the GWP of its refrigerant portfolio
• Investment in next-generation low-GWP technologies
• Promoting circular economy principles through refrigerant reclamation and management services

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9️⃣ 2. The Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Opteon® XP40 (R449A), competing solutions for R448A applications

Chemours is a major player in the fluoroproducts market and offers a range of low-GWP alternatives. While its flagship product for similar applications is R449A (Opteon XP40), the company is a key innovator in the space and provides solutions that compete directly with R448A, driving technological advancement and market choice.

Sustainability Initiatives:

• Setting ambitious corporate responsibility commitments including greenhouse gas emission reduction goals
• Developing products that enable customers to meet regulatory requirements
• Focus on responsible product stewardship throughout the lifecycle

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8️⃣ 3. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: R448A, and a broad portfolio of refrigerants including HFO blends

Daikin, a global leader in air conditioning and fluorochemicals, manufactures and supplies R448A to meet the growing demand for sustainable refrigeration solutions. The company leverages its extensive R&D capabilities to develop advanced refrigerants that balance performance, safety, and environmental impact.

Sustainability Initiatives:

• Developing refrigerants with lower environmental impact as part of its “Environmental Vision 2050”
• Promoting the use of refrigerants that comply with international environmental regulations
• Investing in technologies for the recovery and destruction of high-GWP refrigerants

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7️⃣ 4. Linde plc

Headquarters: Guildford, United Kingdom
Key Offering: R448A, specialty gases, and gas handling equipment

Linde, a world-leading industrial gas and engineering company, is a significant supplier of R448A. The company provides high-purity refrigerants to a global customer base, supported by a robust supply chain and technical expertise for applications in industrial and commercial refrigeration.

Sustainability Initiatives:

• Focus on providing solutions that help customers decarbonize their operations
• Commitment to climate protection and reducing the carbon intensity of its product portfolio
• Offering services for the safe and efficient management of refrigerant gases

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6️⃣ 5. Arkema S.A.

Headquarters: Colombes, France
Key Offering: R448A, and a range of fluorogases under the Forane® brand

Arkema is a global specialty chemicals company and a key European supplier of refrigerants, including R448A. The company’s focus on innovative materials science supports the development of sustainable solutions for the refrigeration, air conditioning, and heat pump (RACHP) sector.

Sustainability Initiatives:

• Active development of low-GWP fluorinated gases to support the energy transition
• Alignment of its product offerings with the EU F-Gas Regulation and other global phase-down schedules
• Commitment to sustainable innovation as a core component of its growth strategy

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5️⃣ 6. Koura Global

Headquarters: West Midlands, United Kingdom
Key Offering: R448A, and a comprehensive range of fluorochemicals

Koura, a global leader in the manufacture and supply of fluoroproducts, is a major producer of R448A. With one of the world’s largest fluorocarbon production facilities, Koura supplies high-quality refrigerants to the global market, ensuring reliability and consistency for end-users.

Sustainability Initiatives:

• Focus on manufacturing products that enable a lower carbon future
• Investment in production processes that minimize environmental impact
• Development of next-generation products with improved environmental profiles

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4️⃣ 7. A-Gas International

Headquarters: Bristol, United Kingdom
Key Offering: R448A supply, refrigerant reclamation, and lifecycle management services

A-Gas is a world leader in the supply and lifecycle management of refrigerant gases. While it is a key distributor of virgin R448A, its core strength lies in its robust reclamation and purification services, which are crucial for creating a circular economy for refrigerants and supporting the HFC phase-down.

Sustainability Initiatives:

• Pioneering refrigerant reclamation technology to reduce the need for virgin gas production
• Offering carbon credit programmes through the destruction of high-GWP refrigerants
• Providing end-to-end lifecycle management solutions for industrial gases

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3️⃣ 8. Orbia (formerly Mexichem)

Headquarters: Mexico City, Mexico
Key Offering: R448A, and a wide portfolio of fluorinated compounds

Orbia’s Fluorinated Solutions business is a significant global producer of refrigerants, including R448A. The company has a strong presence in the Americas and other regions, supplying products for commercial refrigeration and air conditioning systems undergoing conversion to lower-GWP alternatives.

Sustainability Initiatives:

• Developing solutions that align with global environmental regulations
• Implementing sustainability practices across its manufacturing operations
• Supporting customers in their transition to more sustainable cooling technologies

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2️⃣ 9. Gas Servei S.A.

Headquarters: Barcelona, Spain
Key Offering: R448A distribution, technical support, and recovery services

Gas Servei is a leading European supplier of special gases, including refrigerants like R448A. The company provides comprehensive services to the refrigeration and HVAC industry, from gas supply to equipment and technical support, ensuring proper handling and application of next-generation refrigerants.

Sustainability Initiatives:

• Promoting the responsible use and management of refrigerants
• Offering recovery and recycling services to minimize environmental impact
• Ensuring compliance with the stringent EU F-Gas Regulation

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1️⃣ 10. Climalife (a Dehon Group company)

Headquarters: Paris, France
Key Offering: R448A, specialty fluids, and treatment products for HVAC-R systems

Climalife is a European specialist in fluids and treatment products for climate control and refrigeration. As a key distributor, the company supplies R448A alongside a full range of associated products and offers expert technical advice to facilitate the transition to low-GWP refrigerants.

Sustainability Initiatives:

• Focus on providing eco-friendly products that meet regulatory demands
• Technical support for system conversions to optimize energy efficiency and reduce emissions
• Promoting best practices for the entire refrigerant lifecycle

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R448A Refrigerant Market – View in Detailed Research Report

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🌍 Outlook: The Future of R448A Refrigerant Is Sustainable and Efficient

The R448A refrigerant market is at the heart of the global transition towards sustainable cooling. While it serves as a vital transitional solution, the industry continues to innovate towards refrigerants with even lower GWP, including A2L (mildly flammable) and natural refrigerant options.

📈 Key Trends Shaping the Market:

• Accelerating HFC phase-down schedules in North America, Europe, and Asia
• Growing adoption in retrofit applications for supermarket racks and industrial chillers
• Increasing regulatory focus on refrigerant management, leak detection, and recovery
• R&D investment in next-generation blends and natural refrigerants like CO2 (R744) and hydrocarbons

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R448A Refrigerant Market – View in Detailed Research Report

The companies listed above are not only supplying a critical component for modern cooling systems—they are enabling industries worldwide to meet their sustainability and regulatory commitments, ensuring a cooler, more efficient, and environmentally responsible future.