The Global Air Conditioner Refrigerant Market is undergoing a significant transformation, driven by global phase-down schedules for hydrofluorocarbons (HFCs) and a rapid shift towards more environmentally sustainable solutions. The market is navigating a complex landscape of regulatory mandates, technological innovation, and growing demand for cooling across residential, commercial, and industrial sectors. In this blog, we profile the Top 10 Companies in the Air Conditioner Refrigerant Industry—chemical giants, refrigerant specialists, and innovators pioneering the next generation of low-global warming potential (GWP) solutions shaping the future of thermal management.

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🔟 1. The Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Opteon™ (XL & XP series), Freon™ refrigerants

The Chemours Company is a global leader in fluoroproducts and a dominant force in the refrigerant market. Spun off from DuPont, Chemours has heavily invested in its Opteon™ portfolio of low-GWP, hydrofluoroolefin (HFO) refrigerants designed to replace high-GWP HFCs. Their products are critical for meeting international environmental regulations like the Kigali Amendment.

Sustainability Initiatives:

• Pioneering HFO technology with near-zero ozone depletion potential (ODP)
• Committed to achieving a 60%+ reduction in fluorinated organic compound (F-GHG) emissions by 2030
• Investment in circular economy initiatives for refrigerant reclamation and purification

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Air Conditioner Refrigerant Market – View in Detailed Research Report

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9️⃣ 2. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Solstice® (ze, N, N41), Genetron® refrigerants

Honeywell is a leading developer and supplier of low-GWP refrigerants under its Solstice® brand. These next-generation solutions offer high energy efficiency and significantly reduced environmental impact compared to traditional HFCs. Honeywell’s technology is widely adopted in new air conditioning systems globally.

Sustainability Initiatives:

• Global leader in HFO technology with over a decade of commercial production
• Committed to carbon neutrality in its operations and facilities by 2035
• Extensive R&D focused on ultra-low GWP molecules and blends

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8️⃣ 3. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: R-32 refrigerant, low-GWP blends

Daikin is unique as both a leading global manufacturer of air conditioning equipment and a major producer of refrigerants. The company has been a strong proponent of R-32, a single-component HFC with a GWP one-third that of the commonly used R-410A, driving its adoption in split and VRF systems worldwide.

Sustainability Initiatives:

• Promoting R-32 as a medium-term solution to reduce carbon footprint
• Investing in R&D for next-gen refrigerants with even lower GWP
• Environmental Vision 2050 aiming for carbon-neutral business growth

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7️⃣ 4. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Forane® refrigerants (including HFOs)

Arkema is a major European chemical company and a key global supplier of fluorochemicals. Its Forane® refrigerant range includes a variety of HFCs and is expanding with low-GWP HFO alternatives. Arkema plays a crucial role in supplying the European market, which is at the forefront of the HFC phase-down.

Sustainability Initiatives:

• Development of Forane® 1234ze, an ultra-low GWP HFO for chillers
• Committed to sustainable innovation with 90% of R&D dedicated to sustainable projects
• Aiming for carbon neutrality across scopes 1 & 2 by 2030

Download FREE Sample Report:
Air Conditioner Refrigerant Market – View in Detailed Research Report

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6️⃣ 5. Linde plc

Headquarters: Guildford, UK (operational headquarters)
Key Offering: Refrigerant gases, reclamation services, and supply chain solutions

Linde is a world-leading industrial gases and engineering company. Its refrigerant business provides a comprehensive portfolio of products and services, from bulk gas supply to sophisticated lifecycle management and reclamation programs for commercial and industrial customers.

Sustainability Initiatives:

• Leading provider of refrigerant reclamation and purification services to reduce virgin gas demand
• Focus on providing sustainable solutions for large-scale refrigeration and AC applications
• Corporate goal to reduce absolute GHG emissions by 35% by 2035

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

Headquarters: Tlalnepantla, Mexico
Key Offering: Fluorinated gases, R-410A, R-404A, and low-GWP alternatives

Mexichem, now operating under the Orbia umbrella, is a leading global producer of fluorinated products and PVC. The company has a significant market share in the refrigerant sector, particularly in the Americas, and is actively developing its portfolio of next-generation solutions.

Sustainability Initiatives:

• Investing in production capacity for HFO-1234yf and other low-GWP refrigerants
• Committed to advancing circular economy principles in its chemical operations
• Focus on sustainable water and food systems as part of its corporate vision

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4️⃣ 7. Navin Fluorine International Limited

Headquarters: Mumbai, India
Key Offering: Specialty fluorochemicals, HFCs, and HFOs

Navin Fluorine is a key player in the Indian and global fluorochemicals market. The company has strong capabilities in complex fluorination chemistry and is well-positioned to serve the growing demand for refrigerants in the fast-expanding Asia-Pacific market while transitioning to newer products.

Sustainability Initiatives:

• Strategic partnerships with global chemical leaders for technology transfer
• Increasing focus on high-value, low-GWP specialty refrigerants
• Expanding production capacities to meet both domestic and export demand

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3️⃣ 8. Gujarat Fluorochemicals Limited

Headquarters: Ahmedabad, India
Key Offering: R-32, R-125, R-134a, and refrigerant blends

Gujarat Fluorochemicals Limited (GFL) is a vertically integrated Indian company with a significant presence in the refrigerant gases market. It is one of the largest producers of key refrigerant components like R-32 and R-125, which are used in popular blends like R-410A.

Sustainability Initiatives:

• Backward integration into key raw materials provides cost and supply chain stability
• Plans to diversify into value-added fluoropolymers and specialty chemicals
• Investing in R&D for environmentally friendly products aligned with global phase-downs

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2️⃣ 9. SRF Limited

Headquarters: Gurugram, India
Key Offering: Refrigerant gases, specialty chemicals, and technical textiles

SRF Limited is a diversified Indian multinational with a strong chemicals business, including a major refrigerant gases division. The company exports its products to over 90 countries and has been expanding its international footprint to capitalize on the global refrigerant transition.

Sustainability Initiatives:

• Continuous expansion of refrigerant manufacturing capacity to meet global demand
• Focus on operational excellence and cost leadership in the production of key refrigerants
• Commitment to reducing specific GHG emissions and water consumption

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1️⃣ 10. Sinochem Group (China National Chemical Corporation)

Headquarters: Beijing, China
Key Offering: Wide range of basic and specialty chemicals, including refrigerants

As one of China’s largest state-owned chemical enterprises, Sinochem Group has a substantial influence on the global refrigerant market. China is the world’s largest producer and consumer of refrigerants, and Sinochem’s production capacity for HFCs and emerging alternatives is strategically important.

Sustainability Initiatives:

• Key player in China’s national strategy for the HFC phase-down under the Kigali Amendment
• Investing in R&D and capacity for next-generation low-GWP refrigerants
• Focus on green and sustainable development as a national policy priority

Read Full Report:
Air Conditioner Refrigerant Market – View in Detailed Research Report

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🌍 Outlook: The Future of Air Conditioner Refrigerant Is Sustainable and Efficient

The air conditioner refrigerant market is in the midst of a monumental regulatory and technological shift. While established HFCs still dominate sales volume due to the vast installed base of equipment, the industry is rapidly pivoting towards low-GWP alternatives like HFOs, naturals (e.g., CO2, ammonia, hydrocarbons), and new-generation blends.

📈 Key Trends Shaping the Market:

• Accelerated global HFC phase-down schedule driven by the Kigali Amendment to the Montreal Protocol
• Rising demand for air conditioning in emerging economies, particularly in Asia-Pacific and the Middle East
• Increasing stringency of energy efficiency standards, influencing refrigerant selection
• Growing emphasis on refrigerant lifecycle management, including reclamation, recovery, and destruction

Read Full Report:
Air Conditioner Refrigerant Market – View in Detailed Research Report

The companies listed above are not only supplying the chemicals for today’s cooling needs—they are actively engineering the sustainable thermal management solutions that will define tomorrow’s built environment.