The Global Refrigerant Grade Propylene Market was valued at USD 1.85 Billion in 2023 and is projected to reach USD 2.65 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This robust growth is propelled by the burgeoning demand for energy-efficient refrigeration systems, stringent environmental regulations phasing out ozone-depleting substances, and the expanding cold chain logistics sector globally.

As the world shifts towards sustainable cooling solutions, the demand for high-purity propylene as a key component in next-generation refrigerants has intensified. In this blog, we profile the Top 10 Companies in the Refrigerant Grade Propylene Industry—a curated list of chemical giants, specialty gas suppliers, and refrigerant producers who are defining the future of thermal management.

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🔟 1. Linde plc

Headquarters: Guildford, United Kingdom (operational headquarters)
Key Offering: High-Purity Propylene (R-1270), Refrigerant Gas Mixtures

Linde is a global leader in industrial gases and engineering, supplying ultra-high-purity refrigerant grade propylene to manufacturers worldwide. Their propylene, marketed as R-1270 (Propylene Refrigerant), is a low-global-warming-potential (GWP) solution used as a component in hydrocarbon refrigerant blends and as a standalone refrigerant.

Key Market Initiatives:

• Investment in purification technologies for 99.95%+ purity levels
• Development of sustainable refrigerant blends with propylene as a base
• Global supply chain optimization for the HVAC-R industry

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

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9️⃣ 2. Airgas, an Air Liquide Company

Headquarters: Radnor, Pennsylvania, USA
Key Offering: Refrigerant Grade Propylene, Specialty Gases for HVAC-R

Airgas, a leading U.S. distributor of industrial, medical, and specialty gases, is a critical supplier of refrigerant grade propylene. As part of the Air Liquide group, it leverages global R&D capabilities to provide high-quality propylene that meets stringent industry standards for use in commercial and industrial refrigeration systems.

Key Market Initiatives:

• Extensive distribution network across North America
• Focus on safety and handling protocols for hydrocarbon refrigerants
• Partnerships with OEMs for next-generation cooling solutions

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8️⃣ 3. A-Gas International

Headquarters: Bristol, United Kingdom
Key Offering: Refrigerant Management Services, Purified Propylene (R-1270)

A-Gas is a world leader in refrigerant management and the supply of environmentally responsible refrigerants. The company specializes in the reclamation and purification of refrigerants, including high-purity propylene, supporting the circular economy within the HVAC-R sector.

Key Market Initiatives:

• Pioneering refrigerant recovery and reclamation technology
• Supply of certified, reclaimed refrigerant grade propylene
• Global presence with strategic recovery centers

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7️⃣ 4. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Air Conditioning & Refrigeration Systems, Refrigerant Components

Daikin, a global HVAC-R pioneer, is vertically integrated and involved in the development of advanced refrigerants for its systems. While known for its R-32 technology, the company utilizes and researches propylene and other hydrocarbons for low-GWP applications, particularly in scalable refrigeration solutions.

Key Market Initiatives:

• R&D into low-GWP refrigerant blends incorporating propylene
• Commitment to achieving carbon neutrality by 2050
• Development of safe handling standards for flammable refrigerants

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

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6️⃣ 5. Rhodia (Solvay Group)

Headquarters: Paris, France
Key Offering: High-Purity Chemicals, Fluorinated & Non-Fluorinated Refrigerant Precursors

As part of the Solvay Group, Rhodia possesses advanced chemical synthesis capabilities relevant to the refrigerant industry. The company produces high-purity chemical intermediates and has the expertise to supply and develop components for advanced refrigerant formulations, including high-grade propylene for specific applications.

Key Market Initiatives:

• Focus on sustainable chemistry and material science
• Development of environmentally friendly solvent and refrigerant solutions
• Strategic partnerships across the chemical value chain

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5️⃣ 6. National Refrigerants, Inc.

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Reclaimed and Virgin Refrigerants, including Propylene (R-1270)

National Refrigerants is a major supplier and reclaimer of refrigerants in North America. The company provides refrigerant grade propylene, ensuring it meets the exacting purity specifications required for safe and efficient operation in modern refrigeration equipment.

Key Market Initiatives:

• Leading participant in the EPA-certified refrigerant reclamation program
• Extensive inventory of both virgin and environmentally responsible reclaimed gases
• Educational initiatives on the safe use of A3 (flammable) refrigerants like propylene

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4️⃣ 7. Shandong Yuean Chemical Industry Co., Ltd.

Headquarters: Zibo City, Shandong, China
Key Offering: Refrigerant Grade Propylene, Propane, and Isobutane

Shandong Yuean is a significant Chinese manufacturer specializing in high-purity hydrocarbon refrigerants. The company is a key supplier of refrigerant grade propylene (R-1270) in the Asia-Pacific region, catering to the massive and growing domestic and regional demand for eco-friendly cooling agents.

Key Market Initiatives:

• Production of 99.5% and above purity refrigerant grade hydrocarbons
• Expansion of production capacity to meet rising global demand
• Compliance with international safety and quality standards for export markets

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3️⃣ 8. The Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Opteon™ Refrigerants, Fluorochemical Expertise

While Chemours is predominantly known for its fluorochemical-based Opteon™ low-GWP refrigerants, its deep expertise in refrigerant science and global market presence places it as a significant influencer. The company’s research into various refrigerant pathways gives it a strategic understanding of the role of hydrocarbons like propylene in the market’s evolution.

Key Market Initiatives:

• Heavy investment in next-generation, low-GWP refrigerant technologies
• Advocacy for responsible refrigerant management and regulatory compliance
• Focus on non-flammable solutions, while monitoring hydrocarbon trends

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2️⃣ 9. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Solstice® Refrigerants, Performance Materials

Honeywell is a leading developer and supplier of advanced refrigerants through its Solstice® portfolio. Although its focus is on hydrofluoroolefins (HFOs), its commanding position in the refrigerant market and extensive R&D capabilities make it a key player in shaping industry standards, indirectly influencing the hydrocarbon refrigerant segment, including propylene applications.

Key Market Initiatives:

• Pioneering ultra-low-GWP HFO technologies
• Global production capacity expansion for sustainable refrigerants
• Comprehensive lifecycle management for refrigerants

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1️⃣ 10. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Forane® Refrigerants, Fluorogases

Arkema is a major global chemical company and a leading producer of fluoroproducts, including its Forane® range of refrigerants. With a strong commitment to sustainability, Arkema invests in innovative solutions for the HVAC-R industry. Its chemical production infrastructure and market knowledge are assets in the broader refrigerant component supply chain.

Key Market Initiatives:

• Development of low-GWP fluorinated refrigerant alternatives
• Active role in industry associations promoting sustainable refrigeration
• Commitment to reducing the environmental footprint of its product portfolio

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 Sustainable and Efficient

The refrigerant grade propylene market is at a pivotal juncture. Driven by the global Kigali Amendment to the Montreal Protocol, the phase-down of hydrofluorocarbons (HFCs) is creating significant opportunities for natural refrigerants, with propylene (R-1270) being a prominent option due to its excellent thermodynamic properties and ultra-low GWP.

📈 Key Trends Shaping the Market:

• Rising adoption of hydrocarbon refrigerants in new commercial and industrial cooling systems
• Technological advancements in refrigeration equipment designed for A3 flammability class gases
• Growth of the global cold chain market, particularly in Asia-Pacific and Latin America
• Increasing investments in purification and recycling infrastructure to support a circular economy for refrigerants

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

The companies profiled above are not merely suppliers; they are the core innovators and strategists enabling the global transition to efficient, sustainable cooling. Their continued investment in technology, safety, and supply chain resilience will be instrumental in cooling our world responsibly for decades to come.