The Global Refrigerant Grade Propylene Market was valued at USD 902.3 Million in 2025 and is projected to reach USD 1.34 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2025–2032). This growth is being driven by tightening environmental regulations phasing out hydrofluorocarbons (HFCs), rising demands from commercial refrigeration in emerging economies, and the accelerating adoption of low-GWP hydrocarbon refrigerants like R1270 across industrial and commercial cooling sectors.

As the refrigeration industry transforms toward low-emission operations and sustainable growth, the spotlight is on the key suppliers who are driving innovation, high-purity production, and greener refrigerant pathways. In this blog, we profile the Top 10 Companies in the Refrigerant Grade Propylene Industry—a mix of chemical majors, industrial gas leaders, and refrigerant specialists shaping the future of global cooling technologies.

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🔟 1. Shandong Yuean Chemical Industry Co., Ltd.

Headquarters: Dongying, Shandong, China
Key Offering: Refrigerant Grade Propylene (R1270, 99.5%+ purity), Hydrocarbon Blends

Shandong Yuean Chemical is a prominent regional player in Asia-Pacific, specializing in high-purity propylene for refrigerant applications. The company supplies refrigerant-grade products to commercial refrigeration manufacturers and cold chain operators across China and Southeast Asia. With a focus on cost-effective production, it supports the growing demand for natural refrigerants in food retail and logistics, leveraging advanced distillation technologies to ensure consistent quality that meets international standards. Its strategic location near petrochemical hubs enables reliable supply chains, making it a go-to supplier for emerging markets where infrastructure is rapidly expanding.

Sustainability Initiatives:

• Investments in energy-efficient purification processes
• Expansion of production capacity to meet Asia-Pacific demand
• Compliance with global low-GWP refrigerant standards

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

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9️⃣ 2. National Refrigerants, Inc.

Headquarters: Grantsville, Maryland, USA
Key Offering: R1270 Propylene, Refrigerant Recovery & Reclamation Services

National Refrigerants stands out as a key supplier in North America, providing refrigerant-grade propylene alongside comprehensive lifecycle management services. The company serves industrial refrigeration clients in food processing and pharmaceuticals, emphasizing safe handling of mildly flammable hydrocarbons. Its expertise in blending and purity control has positioned it well amid HFC phase-downs, with a strong network of distributors ensuring timely delivery. Because of its commitment to reclamation, it helps customers reduce environmental impact while meeting regulatory requirements under the AIM Act.

Sustainability Initiatives:

• Refrigerant reclamation programs to minimize waste
• Technical support for low-GWP transitions
• Partnerships with OEMs for hydrocarbon-compatible systems

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8️⃣ 3. A-Gas International

Headquarters: Bristol, United Kingdom
Key Offering: High-Purity R1270, Reclaimed Refrigerants, Global Recovery Services

A-Gas International is renowned for its global footprint in refrigerant supply and recovery, offering refrigerant-grade propylene across Europe and beyond. Operating in over 20 countries, it fuels the shift to natural refrigerants through reliable supply and expertise in handling A3 flammables. The company supports commercial refrigeration in retail and hospitality, where low-GWP solutions are increasingly mandated. Furthermore, its reclamation facilities contribute to circular economy principles by recycling propylene for reuse.

Sustainability Initiatives:

• Worldwide refrigerant recovery network
• F-Gas compliance consulting for clients
• Expansion into hydrocarbon refrigerant blends

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7️⃣ 4. Solvay SA (Rhodia)

Headquarters: Brussels, Belgium
Key Offering: Refrigerant Grade Propylene, Specialty Chemical Additives

Solvay, through its Rhodia division, excels in advanced chemical solutions, including high-purity propylene for refrigerants. Serving Europe’s stringent F-Gas markets, it supplies industrial refrigeration sectors like chemicals and petrochemicals. The company’s integrated production ensures 99.5%+ purity, ideal for demanding applications. With a legacy in sustainable chemistry, Solvay drives innovation in low-impact cooling technologies, helping clients achieve energy efficiency and regulatory compliance simultaneously.

Sustainability Initiatives:

• Net-zero ambitions by 2050 with low-carbon processes
• R&D in next-gen refrigerant formulations
• Carbon footprint reduction in supply chains

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

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6️⃣ 5. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: R1270 Propylene, Hydrocarbon Refrigerant Systems

Daikin Industries leads in air conditioning and refrigeration, supplying refrigerant-grade propylene for integrated systems worldwide. Its expertise spans commercial and industrial applications, particularly in Asia where energy-efficient cooling is paramount. Daikin’s closed-loop systems mitigate flammability risks, enabling broader adoption of propylene blends. The company’s global R&D centers focus on optimizing thermodynamic performance, making it a pioneer in hydrocarbon technology adoption.

Sustainability Initiatives:

• Development of propylene-compatible compressors
• Targets for 100% low-GWP refrigerants by 2030
• Collaborations on safety standards for A3 refrigerants

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5️⃣ 6. Airgas, an Air Liquide Company

Headquarters: Radnor, Pennsylvania, USA
Key Offering: Refrigerant Grade Propylene (99.5%+), Industrial Gases

Airgas, part of Air Liquide, delivers high-purity propylene to North American markets, serving food & beverage and pharmaceutical end-users. With extensive distribution, it ensures supply reliability for large-scale refrigeration. The company’s focus on safety training addresses flammability concerns, facilitating smooth transitions from HFCs. Moreover, its technical services help optimize system designs for propylene efficiency.

Sustainability Initiatives:

• Safety programs for hydrocarbon refrigerants
• Supply chain decarbonization efforts
• Support for EPA-compliant low-GWP solutions

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4️⃣ 7. ExxonMobil Chemical

Headquarters: Spring, Texas, USA
Key Offering: Polymer-Grade and Refrigerant-Grade Propylene

ExxonMobil Chemical is a global powerhouse in propylene production, offering ultra-high purity grades for refrigerants. It supplies major OEMs worldwide, benefiting from massive refining capacities. In response to market shifts, ExxonMobil invests in cleaner production methods, supporting the refrigeration industry’s green goals while maintaining thermodynamic superiority of R1270.

Sustainability Initiatives:

• Advanced biofuels and carbon capture technologies
• Net-zero scope 1 and 2 emissions goal by 2050
• Partnerships for sustainable feedstock sourcing

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3️⃣ 8. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: High-Purity Propylene (R1270), Petrochemical Derivatives

Shell Chemicals provides refrigerant-grade propylene to diverse sectors, with a strong presence in Europe and Asia. Its integrated operations ensure stable supply amid volatile markets. Shell emphasizes innovation in low-GWP pathways, aiding commercial refrigeration growth in emerging regions through reliable, high-quality products.

Sustainability Initiatives:

• Renewable chemical feedstocks exploration
• Global low-carbon refrigerant supply commitments
• Collaborations on circular economy for gases

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2️⃣ 9. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Refrigerant-Grade Propylene (>99.5%), Olefins Portfolio

LyondellBasell, one of the world’s largest propylene producers, supplies premium refrigerant grades to industrial clients globally. Its advanced purification tech delivers unmatched purity, crucial for sensitive cooling systems. The company supports the phase-down of HFCs by scaling hydrocarbon offerings, with a focus on efficiency in cold chain applications.

Sustainability Initiatives:

• Circular and low-carbon solutions platform
• Production capacity expansions for green chemicals
• Energy efficiency improvements in manufacturing

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1️⃣ 10. Linde plc

Headquarters: Dublin, Ireland
Key Offering: Refrigerant Grade Propylene (R1270), Industrial Gas Solutions

Linde plc tops the list as the global leader in industrial gases, supplying high-purity propylene to refrigeration markets everywhere. With recent 20% capacity expansion at its Texas facility in Q1 2024, Linde meets surging North American demand driven by HFC regulations. Its end-to-end services include blending, distribution, and safety engineering, making it indispensable for commercial and industrial users worldwide.

Sustainability Initiatives:

• 20% capacity boost for low-GWP refrigerants
• Climate action plans targeting net-zero by 2050
• Global partnerships for refrigerant innovation

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 Greener and More Efficient

The refrigerant grade propylene market is undergoing a profound transformation. While traditional HFCs linger in legacy systems, the sector is channeling massive investments into low-GWP hydrocarbons, purification advancements, and safe-handling infrastructure to comply with Kigali Amendment timelines and regional mandates.

📈 Key Trends Shaping the Market:

• Rapid production capacity expansions in North America, Europe, and Asia-Pacific
• Regulatory mandates for 10-20% low-GWP blending by 2030
• Digital tools for emissions tracking and supply chain optimization
• Strategic alliances between producers, OEMs, and regulators

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

The companies listed above are not only supplying refrigerant grade propylene—they’re spearheading the green transition in global cooling systems.