The Global R407c Refrigerant Market was valued at USD 1.45 Billion in 2024 and is projected to reach USD 2.18 Billion by 2032, growing at Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period (2024–2032). This growth is being driven by strict regulatory phase-outs of ozone-depleting refrigerants, growing cooling demands in emerging economies, and the accelerating adoption of transitional refrigerant alternatives across HVAC and commercial refrigeration sectors.
As the refrigeration industry transforms toward low-global warming potential operations and sustainable cooling solutions, the spotlight is on the key chemical companie who are driving innovation, efficiency, and regulatory-compliant pathways. In this blog, we profile the Top 10 Companies in the R407c Refrigerant Market—a mix of global chemical leaders, refrigerant specialist, and product innovators shaping the future of global cooling solutions.
🔟 1. Chemours
Headquarters: Wilmington, Delaware, USA
Key Offering: R407c refrigerants, specialized HFC blends, and sustainable refrigerants
Chemours is among the world’s leading fluoroproducts suppliers, offering R407c refrigerants across global markets. Their chemical division serves HVAC manufacturers, refrigeration contractor, and industrial facilitie, with growing investments in next-generation refrigerants such as hydrofluoroolefins (HFOs).
Sustainability Initiatives:
- Developing lower-GWP alternative refrigerants
- Expanding production capacity for transitional refrigerant
- Committed to achieving 60% revenue from sustainable offering by 2030
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9️⃣ 2. Honeywell
Headquarters: Charlotte, North Carolina, USA
Key Offering: R407c, Soltice branded product, ultra-low GWP refrigerants
Honeywell operates in more than 70 counrie and supplies over 1 million refrigeration system annually. It is a significant player in HFC refrigerants production and distribution, aiming to meet both regulatory requirement and environmental standard in the cooling sector.
Sustainability Initiatives:
- Solstice platform of next-generation refrigerants
- Strategic investment in low-GWP technology development
8️⃣ 3. Mexichem
Headquarters: Tlalnepantla, Mexico
Key Offering: R407c, R404a, R134a refrigerants
Mexichem’s refrigerants division is expanding its global footprint through acquisitions and joint venture. It is also engaged in refrigerants manufacturing technologies to support global cooling decarbonization goal.
Sustainability Initiatives:
- Vertical integration across refrigerant value chain
- Expanding production facilities in Europe and Latin America
7️⃣ 4. Daikin
Headquarters: Osaka, Japan
Key Offering: R407c refrigerants, HVAC equipment, alternative refrigerants
Daikin is a global leader in air conditioning and refrigeration technologies, serving both residential and commercial sectors. The company is heavily invested in refrigerator solutions, particularly through proprietary blend and other next-generation refrigerants production processe.
Sustainability Initiatives:
- Investment in low-GWP refrigerants development
- Establishing refrigerant production base in Southeast Asia
Download FREE Sample Report: R407c Refrigerant Market – View in Detailed Research Report
6️⃣ 5. Linde
Headquarters: Guildford, United Kingdom
Key Offering: Linde R407c, specialty gas blend, refrigerants distribution
Linde’s industrial gas arm delivers refrigerants and services at more than 500 locations globally. The company provides carbon-neutral refrigerant options and is advancing the logistics of refrigerants distribution across continent.
Sustainability Initiatives:
- Global distribution network for refrigerants
- Acquisition of smaller refrigerant producer to expand market presence.
Sustainability Initiatives:
- Development of sustainable refrigerants technologie
- Cross-border collaboration in low-GWP refrigerant development
5️⃣ 6. Weitron
Headquarters: Taichung, Taiwan
Key Offering: R407c refrigerants, HFC blend, product formulationWeitron is a key player in Asian refrigerant markets, supplying refrigerant to HVAC manufacturers and service provider. The company focuses on developing optimized R407c formulation with improved performance characteristics.
Sustainability Initiatives:
- Expanding manufacturing capabilitie
- Certified refrigerant production for global standard
4️⃣ 7. Sinochem Qingdao
Headquarters: Qingdao, China
Key Offering: R407c refrigerants, bulk refrigerant, industrial-grade productSinochem Qingdao serves over 200 customers with refrigerant solution and is the largest refrigerant provider in China and the EAT region. It play a vital role in refrigerant logistics across Eastern Asia and Southeast Asia.
Sustainability Initiatives:
- Cost-competitive refrigerant manufacturing
- Supplying refrigerant to domestic and international market.
Sustainability Initiatives:
- Partnership with global chemical firm to enhance production technologie.
3️⃣ 8. Liangyou Environmental Protection Chemical
Headquarters: Guangdong, China
Key Offering: R407c refrigerants, experimental-grade formulation, standard commercial blend.Liangyou Environmental Protection Chemicals specializes in environmentally-friendly refrigerants, supporting over 1,500 refrigeration operator, HVAC contractor, and industrial facilitie worldwide. It is a leader in refrigerants distribution and technical support servicee.
Sustainability Initiatives:
- Focusing on sustainable refrigerant development
- Increasing production to meet growing regional demand.
Sustainability Initiatives:
- Developing improved refrigerant formulation with reduced environmental impact
2️⃣ 9. Actrol
Headquarters: Melbourne, Australia
Key Offering: Actrol branded R407c, refrigerants distribution, service solution.Phillips 66 is a key player in U.S. jet fuel refining and distribution. Its Rodeo Renewed initiative is converting an existing refinery into one of the world’s largest renewable fuel facilities.
Sustainability Initiatives:
- Expanding refrigerants distribution network across Australia.
Sustainability Initiatives:
- Partnership with international refrigerant manufacturer to enhance product offering.
Sustainability Initiatives:
- Focusing on refrigerants servicing and maintenance support
1️⃣ 10. Zhejiang V&T Group Limited
Headquarters: Hangzhou, China
Key Offering: R407c refrigerants, standard commercial blend, bulk refrigerants.World Fuel Services specializes in the manufacturing of refrigerants, supporting over 1,000 customer worldwide. It is a leader in R407c refrigerants production and technical service solution.
Sustainability Initiatives:
- Increasing production capaciti for transitional refrigerants
- Development of optimized refrigerant formulation for improved performance.
Sustainability Initiatives:
- Supplying cost-competitive refrigerant to global market.
Get Full Report Here: R407c Refrigerant Market – View in Detailed Research Report
🌍 Outlook: The Future of R407c Refrigerant Market Is Transitional and Sustainable
The R407c refrigerant market is undergoing a dynamic shift. While transitional refrigerant still dominate in volume, the industry is investing billion in low-carbon alternative, advanced manufacturing technologie, and sustainable refrigerants distribution network.
📈 Key Trends Shaping the Market:
- Gradual transition toward lower-GWP refrigerants in developed market
- Continuing demand from legacy system maintenance and servicing activitie.
- Regulatory push for HFC phase-down under Kigali Amendment mandating 80% reduction by 2045
- Emerging opportunitie in aftermarket service and retrofit application.
- Increasing competition from Asian manufacturer with cost-advantage.
Get Full Report Here: R407c Refrigerant Market – View in Detailed Research Report
The companie listed above are not only supplying global cooling market—they’re driving the regulatory transition of refrigerants.
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- Supplying cost-competitive refrigerant to global market.
- Partnership with international refrigerant manufacturer to enhance product offering.
