The India HFC Refrigerant Market was valued at US$ 567 million in 2024 and is projected to reach US$ 712 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period (2024–2030). This steady growth is being driven by rising demand for air conditioning systems, expanding cold chain infrastructure, and the continued use of Hydrofluorocarbon (HFC) refrigerants across automotive, commercial, and domestic refrigeration segments—even as the global industry navigates phasedown commitments under the Kigali Amendment to the Montreal Protocol.

As India’s refrigeration and cooling sector undergoes rapid transformation, the focus is increasingly on companies that are balancing current HFC supply demands with a forward-looking transition toward lower global warming potential (GWP) alternatives. Furthermore, there is growing momentum around HFC recycling and reclamation services as part of responsible refrigerant management. In this blog, we profile the Top 10 Companies in the India HFC Refrigerant Market—a blend of global fluorochemical giants and domestic manufacturers shaping the future of India’s refrigerant industry.

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😺 1. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Solstice® and Genetron® HFC Refrigerants (R-32, R-134a, R-410A)

Honeywell is one of the most influential players in the global and Indian refrigerant markets. Through its Performance Materials & Technologies division, Honeywell supplies a comprehensive portfolio of HFC refrigerants widely used in India’s residential air conditioning and commercial refrigeration sectors. The company has also been proactive in introducing low-GWP alternatives alongside its legacy HFC product range.

Key Initiatives in India:

• Active distribution of R-32 and R-410A refrigerants across Indian HVACR markets

• Investment in next-generation HFO (Hydrofluoroolefin) transition technologies

• Partnerships with Indian OEMs and cooling equipment manufacturers

Download FREE Sample Report:
India HFC Refrigerant Market – View in Detailed Research Report

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&#9️⃣ 2. Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Freon™ HFC Refrigerants (R-134a, R-410A, R-32)

The Chemours Company, a spin-off from DuPont, is a leading producer of refrigerants under the globally recognized Freon™ brand. In India, Chemours supplies HFC refrigerants to automotive air conditioning, commercial refrigeration, and industrial cooling segments. The company is known for maintaining consistent product quality and a robust supply chain that supports India’s growing HVACR industry.

Key Initiatives in India:

• Distribution of R-134a for automotive AC systems across Indian automobile manufacturers

• Engagement with India’s climate policy stakeholders on refrigerant transition roadmaps

• Advancing Opteon™ low-GWP refrigerant products as long-term replacements

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⊛ 3. Gujarat Fluorochemicals Ltd. (GFL)

Headquarters: Noida, Uttar Pradesh, India
Key Offering: R-32, R-134a, R-410A, R-22 (for servicing use)

Gujarat Fluorochemicals Ltd. is one of India’s leading domestic manufacturers of fluorochemicals and HFC refrigerants. GFL operates an integrated fluorochemicals complex and has positioned itself as a critical player in both domestic supply and export markets. Because of its vertically integrated operations—from fluorspar to finished refrigerant gases—GFL enjoys significant cost advantages and supply reliability.

Key Initiatives in India:

• Expanding manufacturing capacity for R-32, a lower-GWP alternative gaining strong traction in India

• Active exporter of HFC refrigerants to Southeast Asia and the Middle East

• R&D investments in HFO and next-generation refrigerant blends

Download FREE Sample Report:
India HFC Refrigerant Market – View in Detailed Research Report

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�� 4. Navin Fluorine International Limited

Headquarters: Mumbai, Maharashtra, India
Key Offering: Refrigerant-grade HFCs including R-134a and specialty fluorochemicals

Navin Fluorine International Limited (NFIL) is a prominent Indian manufacturer of specialty fluorochemicals with a growing presence in the refrigerant gas segment. The company has a well-established manufacturing base in Surat, Gujarat, and serves both domestic and international customers. NFIL’s refrigerant offerings are widely used in domestic refrigeration and light commercial cooling applications across India.

Key Initiatives in India:

• Strengthening domestic production of high-purity HFC refrigerant grades

• Collaborating with multinational partners on specialty fluorochemical development

• Expanding CRAMS (Contract Research and Manufacturing Services) capabilities in fluorine chemistry

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�� 5. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Solkane® HFC Refrigerants (R-134a, R-404A, R-407C, R-410A)

Solvay is a global specialty chemicals company with a strong footprint in the fluorinated refrigerant space. In India, Solvay’s Solkane® brand refrigerants are used across commercial refrigeration, supermarket cooling systems, and industrial HVAC applications. The company brings deep technical expertise and a commitment to supporting customers through the ongoing refrigerant transition journey.

Key Initiatives in India:

• Technical support and training programs for Indian refrigeration engineers and technicians

• Supply of compliant refrigerants aligned with India’s HFC phasedown schedule

• Active participation in industry forums and regulatory consultations in India

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�� 6. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Forane® HFC Refrigerants (R-32, R-134a, R-410A, R-407C)

Arkema is a leading global specialty chemicals and advanced materials company. Through its Forane® refrigerant range, Arkema serves India’s residential and commercial air conditioning markets. The company is particularly recognized for its work in promoting R-32 as a more environmentally responsible HFC refrigerant option compared to older blends such as R-410A, which has a significantly higher global warming potential.

Key Initiatives in India:

• Active promotion of Forane® 32 (R-32) as a bridge refrigerant for India’s market

• Collaboration with Indian air conditioning brands on product design and refrigerant optimization

• Investment in HFO-based solutions for long-term transition support

Download FREE Sample Report:
India HFC Refrigerant Market – View in Detailed Research Report

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�� 7. Daikin Industries Ltd.

Headquarters: Osaka, Japan
Key Offering: R-32, R-410A refrigerants; integrated HVAC solutions

Daikin Industries is a global leader in air conditioning technology and refrigerants. In India, Daikin has a significant manufacturing and commercial presence and has been at the forefront of promoting R-32-based air conditioning systems—which use a single-component HFC refrigerant with a lower GWP than R-410A blends. Daikin’s dual role as both a refrigerant user and technology innovator makes it particularly influential in shaping refrigerant trends across India’s HVACR sector.

Key Initiatives in India:

• Manufacturing of R-32-based inverter air conditioners at its Neemrana, Rajasthan facility

• Advocacy for refrigerant safety standards and technician certification in India

• Industry leadership in transitioning from R-410A to lower-GWP refrigerant systems

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�� 8. Sinochem Lantian Co. Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: R-32, R-134a, R-410A, R-407C HFC Refrigerants

Sinochem Lantian is one of China’s largest producers and exporters of fluorochemical products, including HFC refrigerants. The company supplies a significant volume of refrigerant gases to the Indian market, particularly serving price-sensitive segments such as domestic refrigeration and small commercial cooling systems. Given India’s import dependence for certain refrigerant grades, Sinochem Lantian plays a meaningful role in keeping supply chains fluid and costs competitive.

Key Initiatives in India:

• Consistent supply of R-134a and R-410A to Indian distributors and refrigeration service networks

• Competitive pricing strategies that support adoption in tier-2 and tier-3 Indian markets

• Expanding trade relationships with Indian importers as domestic demand grows

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�� 9. Mexichem (Orbia)

Headquarters: Mexico City, Mexico
Key Offering: Klea® HFC Refrigerants (R-134a, R-404A, R-410A, R-407C)

Mexichem, now operating under the Orbia brand, is a global leader in fluorine chemistry and refrigerant production through its Koura (formerly Mexichem Fluor) business unit. The company’s Klea® range of HFC refrigerants is used in a variety of Indian applications including supermarket refrigeration, transport cooling, and light commercial HVAC systems. Orbia brings strong technical support capabilities and a global manufacturing network that ensures reliable supply to the Indian market.

Key Initiatives in India:

• Supply of Klea® refrigerants through established Indian distribution partnerships

• Technical training resources for Indian refrigeration contractors and engineers

• Working toward lower-GWP product introductions aligned with India’s Kigali obligations

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1️⃣ 10. Dongyue Group

Headquarters: Zibo, Shandong, China
Key Offering: R-32, R-134a, R-125, R-410A, R-404A HFC Refrigerants

Dongyue Group is among the world’s largest producers of fluorochemical products and HFC refrigerant gases. With significant production scale and a wide product portfolio, Dongyue is an important supply-side player in the India HFC refrigerant market—particularly for importers and distributors sourcing refrigerant blends for the air conditioning and commercial refrigeration industries. The company’s competitive manufacturing cost structure allows it to offer attractive pricing in emerging markets like India.

Key Initiatives in India:

• Large-scale exports of R-32 and R-134a to meet India’s growing cooling demand

• Building long-term trade relationships with Indian importers and cylinder filling stations

• Investing in next-generation fluorochemical production for HFO transition support

Get Full Report Here:
India HFC Refrigerant Market – View in Detailed Research Report

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🌎 Outlook: The Future of India’s HFC Refrigerant Market Is Transitioning but Resilient

The India HFC refrigerant market is navigating a nuanced period of change. While global phasedown commitments under the Kigali Amendment are reshaping long-term demand patterns, India’s unique growth trajectory—driven by rising urbanization, expanding cold chain networks, and surging air conditioner penetration—continues to sustain strong near-term demand for HFC refrigerants. However, because the transition is now firmly underway, manufacturers and distributors are simultaneously investing in next-generation alternatives and strengthening HFC reclamation and recycling infrastructure.

📈 Key Trends Shaping the India HFC Refrigerant Market:

• Growing adoption of R-32 as a transitional refrigerant with a lower global warming potential compared to R-410A blends

• Expansion of India’s cold chain logistics network driving demand for commercial refrigeration refrigerants

• Increasing regulatory focus on HFC reclamation, recycling, and responsible end-of-life management

• Domestic manufacturing capacity expansion by Indian fluorochemical companies to reduce import dependence

• Rising awareness among HVACR technicians and end-users about safe refrigerant handling practices

Get Full Report Here:
India HFC Refrigerant Market – View in Detailed Research Report

The companies profiled above are not only meeting India’s immediate refrigerant demand—they are also actively driving the responsible transition toward a cooler, lower-emission future for India’s HVACR industry.