Aerosol Refrigerants Market Trends

Global Aerosol Refrigerants Market size was valued at USD 1.17 Billion in 2023 and is poised to grow from USD 1.22 Billion in 2024 to USD 1.64 Billion by 2032, growing at a CAGR of 3.8% during the forecast period (2025-2032).

Aerosol refrigerant companies should focus on reducing the GWP of their offerings to stand out from the competition and improve sales. Investing in R&D is expected to be crucial for the creation of innovative new aerosol refrigerants. Countries with rapid industrialization and urbanization are estimated to offer lucrative opportunities for companies across the global aerosol refrigerants market forecast. 'Honeywell International Inc.', 'A-Gas ', 'Navin Fluorine International Limited', 'Daikin Industries Ltd.', 'SRF Limited (Kama Holdings Ltd.)', 'Dongyue Group', 'Fastenal Company', 'Baltic Refrigeration Group', 'Sinochem Corporation', 'The Chemours Company', 'Groupe Gazechim', 'Technical Chemical Company', 'Arkema S.A.'

A growing number of consumers and businesses around the world are looking for cost-effective and DIY refrigerants for easy maintenance and service of their HVAC devices and appliances. Aerosol refrigerants provide a cost-effective and user-friendly solution for recharging cooling systems without the need for professional servicing.

Refrigerants with Low Environmental Impact: Aerosol refrigerant providers should invest in the R&D of novel refrigerants that have a lower carbon footprint and are eco-friendly for the most part. HFOs, such as R-1234yf, are emerging in popularity owing to their low environmental impact and non-ozone-depleting properties. Adoption of such refrigerants is increasing in commercial refrigeration and automotive cooling applications around the world.

The Asia Pacific region is slated to spearhead the demand for aerosol refrigerants on a global level through 2032. Rapid urbanization, growing disposable income, and rising need for refrigeration and cooling equipment in industries are expected to bolster the dominance of this region in the future. China and India are slated to emerge as the most opportune countries for aerosol refrigerant suppliers operating in this region. Rising adoption of advanced HVAC systems and growing emphasis on reducing the carbon footprint of refrigerants are expected to boost the sales of aerosol refrigerants in the countries. Japan, South Korea, and Indonesia are also forecasted to witness a notable rise in adoption of aerosol refrigerants going forward.