North America Refrigerants Market projected to reach USD 2.41 billion by 2030

The North America refrigerants market is anticipated to reach a value of USD 2.41 billion by 2030, showcasing a growth rate of 6.36% between 2025 and 2030 from USD 1.75 billion in 2025. This surge is indicative of a significant transition within the North American refrigerants segment due to the legislation enforced at federal and state levels for the phasedown of high-GWP HFCs under the AIM Act. The elevation in the installation of high-efficiency air conditioning systems, commercial refrigeration systems, and the expansion of cold-chain logistics is propelling refrigerant usage across the US, Canada, and Mexico. Additionally, the escalation in e-commerce-driven food delivery, pharmaceutical storage, and fresh produce distribution has spurred the demand for advanced refrigeration technologies.

In response to these developments, major HVACR manufacturers are transitioning towards utilizing low-GWP blends, natural refrigerants, and innovative system designs. The replacement of old infrastructure, the surge in heat pump installations, and the amplified need for cooling due to extreme weather further bolster the outlook of the North America refrigerants market. The characterized by regulatory pressures, sustainability commitments, and advancements in low-GWP HVACR technologies drive these transitions and shifts within the market.

Among the various types of refrigerants, HFO is anticipated to witness the fastest growth within the North America refrigerants market. This growth is attributed to the ongoing shift in refrigerant mix, responding to evolving HFC phasedown policies. Specifically, HFO-based refrigerants like R-1234yf, R-1234ze, and various HFO-HFC blends have gained substantial ground in automotive AC, chillers, and light commercial systems. Similarly, the market is observing increased deployment of CO2 (R-744) systems primarily in supermarket refrigeration and cold storage, supported by commitments to sustainable cooling by large retailers. Moreover, hydrocarbons like propane (R-290) are progressively finding application in self-contained commercial units, vending machines, and domestic appliances.

Furthermore, the emphasis on energy-efficient heat pumps and ductless systems in air conditioning applications has propelled the air conditioning systems segment to claim the second-largest market share in the North America refrigerants market. Factors such as high cooling demand, modernization of outdated AC units, and the expansion of residential and commercial construction underpin this growth. The transition towards lower-GWP refrigerants like R-454B and R-32 in new AC systems has catalyzed replacement cycles and created substantial growth opportunities across North America.

Leading the North America refrigerants market is the US due to its extensive HVACR installed base, the presence of OEMs, well-established cold-chain networks, and the rapid adoption of low-GWP technologies enforced by AIM Act regulations. Canada is also holding a notable position in the market due to its widespread deployment of natural refrigerant systems and heat pumps bolstered by energy transition policies. Key players in the market landscape profiling the report include Honeywell International Inc., The Chemours Company, Orbia Advance Corporation S.A.B. de C.V., Arkema, Daikin Industries Ltd., AGC Inc., and Linde plc.