The Global R-1234yf Refrigerant Market was valued at US$ 1.2 Billion in 2024 and is projected to reach US$ 2.1 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period (2024–2030). This growth is primarily driven by stringent global environmental regulations, particularly the phase-down of HFCs under the Kigali Amendment to the Montreal Protocol, and the widespread adoption of R-1234yf as the standard refrigerant for automotive air conditioning systems in new vehicles.

As nations worldwide implement ambitious climate targets and automotive manufacturers transition toward low-global-warming-potential (GWP) alternatives, the focus shifts to the key chemical producers and suppliers who are driving the development, manufacturing, and distribution of this next-generation hydrofluoroolefin (HFO). In this blog, we profile the Top 10 Companies in the R-1234yf Refrigerant Industry—a mix of chemical giants, specialized gas producers, and technology innovators shaping the future of sustainable cooling.

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🔟 1. The Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Opteon™ YF (R-1234yf)

Chemours is the global market leader in R-1234yf production, holding a significant market share. Its Opteon™ YF product is the leading choice for automakers worldwide, backed by extensive research, large-scale manufacturing capacity, and a robust global supply chain. The company’s product is the baseline refrigerant for nearly all new light-duty vehicles in regulated markets, making it the dominant force in the automotive segment.

Sustainability Initiatives:

• Commitment to achieving a 60% reduction in operational greenhouse gas emissions by 2030

• Investments in next-generation low-GWP technologies

• Lifecycle management and recycling programs for refrigerants

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R-1234yf Refrigerant Market – View in Detailed Research Report

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9️⃣ 2. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Solstice® yf (R-1234yf)

Honeywell is the primary competitor to Chemours and a co-developer of R-1234yf technology. Its Solstice® yf is a key product competing for market share in the automotive A/C sector and is recognized for its ultra-low GWP and non-ozone-depleting properties.

Sustainability Initiatives:

• Carbon neutrality goal for its operations and facilities by 2035

• Investment in HFO-1234yf and 1234ze production capacity

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8️⃣ 3. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Forane® 1234yf

Arkema is a major European chemical producer with a growing portfolio of fluorinated solutions. The company manufactures and markets Forane® 1234yf, increasing its influence as regional regulations in Europe and Asia accelerate the HFC phase-down.

Sustainability Initiatives:

• Development of a complete range of low-GWP fluorogases

• Focus on eco-design and sustainable production processes

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7️⃣ 4. Linde plc

Headquarters: Guildford, United Kingdom
Key Offering: R-1234yf

Linde, a global industrial gases and engineering giant, plays a crucial role in the production, purification, and distribution of high-purity R-1234yf to the automotive and refrigeration industries.

Sustainability Initiatives:

• Global infrastructure for sourcing, producing, and delivering refrigerants

• Commitment to science-based targets for emissions reduction

Download FREE Sample Report:
R-1234yf Refrigerant Market – View in Detailed Research Report

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6️⃣ 5. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: R-1234yf

Daikin is one of the world’s largest HVAC manufacturers and has expanded into refrigerant production. The company has significant R-1234yf manufacturing capabilities, particularly in Japan, serving both domestic and international markets.

Sustainability Initiatives:

• Environmental Vision 2050 for achieving carbon-neutral advancement

• Development of its own R-1234yf product line for automotive applications

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5️⃣ 6. Mexichem S.A.B. de C.V. (Now Orbia)

Headquarters: Mexico City, Mexico
Key Offering: R-1234yf

Mexichem (now operating under the Orbia brand) is a significant player in the fluorochemicals market, with R-1234yf as part of its broader portfolio.

Sustainability Initiatives:

• Integration of sustainability across its value chain

• Strategic investments to expand its global refrigerant production footprint

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4️⃣ 7. Gujarat Fluorochemicals Limited

Headquarters: Vadodara, Gujarat, India
Key Offering: R-1234yf

Gujarat Fluorochemicals is a key Indian manufacturer with a focus on the fluorochemicals value chain, including R-1234yf.

Sustainability Initiatives:

• Focus on backward integration and cost-competitive manufacturing

• Expansion plans to meet growing domestic and export demand for low-GWP refrigerants.

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3️⃣ 8. Sinochem Lantian Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: R-1234yf

Sinochem Lantian is a major Chinese chemical company with capabilities in fluorine chemical production, including R-1234yf, catering to the massive Chinese automotive market.

Sustainability Initiatives:

• Research into fluorine-based new materials and environmental protection

• Strategic positioning to lead the HFO transition in Asia

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2️⃣ 9. Shandong Yuean Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: R-1234yf

Shandong Yuean is a significant Chinese producer of fluorochemicals and refrigerants, including R-1234yf for domestic and international customers.

Sustainability Initiatives:

• Development of eco-friendly fluorine series products

• Focus on expanding production capacity for ozone-friendly refrigerants.

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1️⃣ 10. Zhejiang Juhua Co., Ltd.

Headquarters: Quzhou, Zhejiang, China
Key Offering: R-1234yf and other fluorochemicals

Juhua is a leading Chinese fluorochemical enterprise with substantial R-1234yf production, making it a key supplier in the Asia-Pacific region.

Sustainability Initiatives:

• Development of fluorine chemical industrial clusters with advanced environmental standards

• Investment in R&D for new-generation fluorine-containing products.

Get Full Report Here:
R-1234yf Refrigerant Market – View in Detailed Research Report

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🌍 Outlook: The Future of Refrigerants Is Low-GWP and Sustainable

The global refrigerant market is undergoing a fundamental transformation. While established HFCs remain significant, the regulatory and market push is overwhelmingly toward climate-friendly alternatives with minimal global warming impact.

📈 Key Trends Shaping the Market:

• Accelerated phase-down of HFC refrigerants in the US, EU, China, and other key markets.

• Expanding adoption of R-1234yf beyond automotive into commercial refrigeration and stationary AC.

• Technological advancements in HFO production and blending for optimized performance.

• Growing demand for refrigerant reclamation, recycling, and responsible end-of-life management.

Get Full Report Here:
R-1234yf Refrigerant Market – View in Detailed Research Report

The companies profiled above are not only supplying a critical chemical for global cooling needs—they are leading the transition to a more sustainable refrigeration landscape.