R-454C (GWP 148) Ultralow GWP for Low Temperature Refrigeration Market – 2026 Outlook: Key Players Powering the Transition

MARKET INSIGHTS

Global R-454C (GWP 148) Ultralow GWP for Low Temperature Refrigeration Market size was valued at USD 412.6 million in 2025. The market is projected to grow from USD 451.3 million in 2026 to USD 1.02 billion by 2034, exhibiting a CAGR of 10.7% during the forecast period.

R-454C is a hydrofluoroolefin (HFO)-based refrigerant blend composed of R-32 and R-1234yf, characterized by an exceptionally low Global Warming Potential (GWP) of 148 – a significant reduction compared to conventional HFC refrigerants such as R-404A (GWP 3,922) and R-507A (GWP 3,985). Designed specifically for low and medium temperature refrigeration applications, R-454C serves as a long‑term, environmentally compliant alternative in commercial and industrial refrigeration systems, including supermarket display cases, cold storage facilities, and food processing equipment.

The market is gaining strong momentum driven by tightening regulatory frameworks under the Kigali Amendment to the Montreal Protocol and the European F-Gas Regulation, both of which mandate phased reductions in high‑GWP refrigerant usage. Furthermore, growing adoption in the food retail and cold chain sectors – where low‑temperature performance and environmental compliance are simultaneously required – is accelerating the transition toward R-454C. Key industry participants including Chemours, Honeywell, and Daikin are actively expanding their ultralow‑GWP refrigerant portfolios to address this shift.

R-454C (GWP 148) Ultralow GWP for Low Temperature Refrigeration Market – View in Detailed Research Report

Top 10 Companies Driving the R-454C Market

🔟 1. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, United States
Key Offering: Solstice® 454C blend, OEM‑grade refrigerants, integrated system solutions

Honeywell’s Solstice® 454C line is engineered to deliver high thermodynamic efficiency while maintaining a GWP of 148. The company has leveraged its extensive manufacturing footprint to secure a robust supply chain for both R‑32 and R‑1234yf components, ensuring consistent product availability for OEMs worldwide.

Sustainability Initiatives:

• Commitment to 100% renewable energy across manufacturing sites by 2030
• Investment in R&D for next‑generation low‑GWP refrigerants
• Carbon‑neutral packaging for all refrigerant cylinders

9️⃣ 2. The Chemours Company

Headquarters: Wilmington, Delaware, United States
Key Offering: R‑1234yf production, R‑454C blend, specialty lubricants

Chemours holds a dominant position in the HFO market, providing the critical R‑1234yf component that underpins the R‑454C blend. Its integrated production lines allow for tight control over purity and yield, which is essential for meeting the stringent performance requirements of low‑temperature refrigeration systems.

Sustainability Initiatives:

• Targeting net‑zero emissions across all operations by 2050
• Partnerships with OEMs to develop energy‑efficient refrigeration solutions
• Recycling programs for used refrigerant cylinders

8️⃣ 3. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: R‑454C blend, advanced compressor technologies, system integration services

Daikin has positioned itself as a leader in the Asian market, offering a full suite of R‑454C‑compatible components and certified systems. The company’s focus on high‑performance compressors enhances the overall efficiency of refrigeration units that use the ultralow‑GWP blend.

Sustainability Initiatives:

• Adoption of 100% renewable electricity in all manufacturing plants by 2035
• Development of closed‑loop refrigerant recycling solutions
• Collaboration with local governments to promote green building standards

7️⃣ 4. Arkema S.A.

Headquarters: Paris, France
Key Offering: Forane® HFO blends, R‑454C blend, specialty lubricants

Arkema’s Forane® portfolio demonstrates the company’s expertise in producing high‑purity HFO blends. Its R‑454C blend is tailored for use in both commercial and industrial refrigeration, offering a balanced blend of performance and environmental compliance.

Sustainability Initiatives:

• Reduction of greenhouse gas emissions by 30% by 2030
• Investment in renewable energy projects across Europe
• Development of biodegradable packaging materials for refrigerant cylinders

6️⃣ 5. Zhejiang Juhua Co., Ltd.

Headquarters: Hangzhou, China
Key Offering: R‑1234yf production, R‑454C blend, custom refrigerant solutions

As one of China’s largest HFO manufacturers, Zhejiang Juhua supplies both the R‑1234yf component and the finished R‑454C blend to OEMs across Asia. The company’s scale allows it to meet growing demand while maintaining strict quality controls.

Sustainability Initiatives:

• Implementation of carbon capture technologies in production facilities
• Partnerships with local municipalities to improve refrigerant safety training
• Commitment to zero waste to landfill by 2035

5️⃣ 6. Mitsubishi Electric Corporation

Headquarters: Tokyo, Japan
Key Offering: R‑454C compatible compressors, integrated refrigeration systems, energy‑saving controls

Mitsubishi Electric’s focus on high‑efficiency compressors and intelligent control systems makes it a key supplier for OEMs seeking to optimize performance with R‑454C.

Sustainability Initiatives:

• Goal of 100% renewable energy usage in all plants by 2040
• Development of AI‑driven energy management platforms
• Participation in global carbon offset programs

4️⃣ 7. Johnson Controls International plc

Headquarters: Cork, Ireland
Key Offering: R‑454C compatible HVAC systems, smart building solutions, refrigerant management services

Johnson Controls’ integration of refrigerant management into smart building platforms positions it to deliver comprehensive energy savings for commercial operators adopting R‑454C.

Sustainability Initiatives:

• Net‑zero emissions target for 2050
• Investment in circular economy initiatives for refrigerant life cycle
• Collaboration with governments on green building incentives

3️⃣ 8. Carrier Global Inc.

Headquarters: Charlotte, North Carolina, United States
Key Offering: R‑454C compatible chillers, advanced refrigerant handling systems, service solutions

Carrier’s extensive network of service partners and its focus on low‑GWP refrigerant compatibility make it a preferred choice for large commercial installations.

Sustainability Initiatives:

• Commitment to 100% renewable energy in manufacturing by 2035
• Development of modular, low‑energy refrigeration units
• Participation in industry‑wide refrigerant recycling programs

2️⃣ 9. Trane Technologies plc

Headquarters: Dublin, Ireland
Key Offering: R‑454C compatible HVAC systems, high‑efficiency compressors, refrigerant monitoring tools

Trane’s focus on integrating refrigerant monitoring and predictive maintenance enhances the reliability of R‑454C‑based systems.

Sustainability Initiatives:

• Targeting net‑zero emissions by 2040
• Investment in renewable energy projects across Europe
• Collaboration with OEMs to develop low‑carbon refrigeration solutions

1️⃣ 10. GE Appliances, Inc.

Headquarters: Louisville, Kentucky, United States
Key Offering: R‑454C compatible refrigeration appliances, energy‑efficient designs, smart connectivity

GE Appliances leverages its strong appliance portfolio to introduce R‑454C into consumer and commercial refrigeration markets, driving adoption through product innovation.

Sustainability Initiatives:

• Goal of 100% renewable electricity in all manufacturing operations by 2030
• Design of appliances for end‑of‑life recycling
• Engagement with retailers to promote low‑GWP refrigerant usage

R-454C (GWP 148) Ultralow GWP for Low Temperature Refrigeration Market – View in Detailed Research Report

R-454C (GWP 148) Ultralow GWP for Low Temperature Refrigeration Market – View in Detailed Research Report

Outlook

The trajectory of the R‑454C market is shaped by a combination of regulatory momentum and sectoral demand. In Europe, the F‑Gas Regulation’s phased approach to high‑GWP refrigerants creates a clear pathway for R‑454C adoption, while in North America the AIM Act’s schedule aligns closely with commercial refrigeration timelines. Emerging economies in Asia‑Pacific are building cold‑chain infrastructure from the ground up, offering a distinct opportunity for new installations to adopt the ultralow‑GWP blend without legacy retrofit costs.

Future Trends

Key trends that will influence the next decade include the expansion of green building certification programs that reward low‑GWP refrigerant usage, the development of integrated refrigerant monitoring platforms that enhance operational efficiency, and the continued scaling of HFO production capacity to meet global demand. As OEMs and end‑users seek to align environmental performance with cost efficiency, R‑454C is poised to become the standard for low‑temperature refrigeration across commercial, industrial, and specialty sectors.