Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Hydrocarbon Refrigerant Market by Type (Propane, Isobutane, Others), By Application (Refrigerators, Chillers, Air Conditioners, Heat Pumps) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Hydrocarbon Refrigerant Market by Type (Propane, Isobutane, Others), By Application (Refrigerators, Chillers, Air Conditioners, Heat Pumps) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 195677 3300 Chemical & Material 377 247 Pages 4.9 (34)

Market Overview:

The global hydrocarbon refrigerant market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling solutions across the globe. In addition, the growing awareness about the benefits of using hydrocarbon refrigerants is also contributing to the growth of this market. The global hydrocarbon refrigerant market can be segmented on the basis of type, application, and region. On the basis of type, propane accounted for a major share ofthe global hydrocarbon refrigerant market in 2017 and is expected to maintain its dominance duringthe forecast period.

Global Hydrocarbon Refrigerant Industry Outlook

Product Definition:

A hydrocarbon refrigerant is a refrigerant comprising of molecules consisting only of hydrogen and carbon atoms. Hydrocarbons are important as they have low flammability and toxicity, making them safer to use than other refrigerants. They are also non-ozone depleting, meaning they do not contribute to the depletion of the ozone layer.


Propane, also known as propylene or Iso-butane, is a hydrocarbon refrigerant with the formula (CH3)3CH2OH. It is produced as a byproduct of natural gas and petroleum refining processes. In terms of global consumption, it accounts for approximately 4% of the total HFC consumption followed by Freon 12 and 13 CF3 respectively.


Isobutane is a colorless and highly flammable gas. It has a strong odor similar to gasoline. Isobutane is used as the refrigerant in propane-based HCR systems due to its low cost, high heat of vaporization, and easy handling characteristics.

It can be produced by several methods including the catalytic cracking of butanes or by fractional distillation (a process where it is obtained as an intermediate product).

Application Insights:

The refrigerators application segment accounted for the largest market share in 2017 and is projected to witness significant growth over the forecast period. The growing demand for food products, especially in urban areas, has led to an increase in demand for hydrocarbon refrigerants. Furthermore, increasing disposable income levels among consumers is expected to augment the product consumption over the next eight years.

The chillers application segment was valued at USD 1,000 million in 2017 and is anticipated to witness considerable growth over the forecast period owing to its rising applications across end-use industries such as oil & gas and food & beverage. Growing environmental concerns regarding greenhouse gasses have resulted in a rise in demand for hydrocarbon based refrigerants that are eco-friendly compared with conventional HFCs which are considered as high global warming potential gases.

Regional Analysis:

Asia Pacific dominated the global hydrocarbon refrigerant market in 2017 and is expected to continue its dominance over the forecast period. The presence of emerging economies such as China, India, and Japan has resulted in an increased demand for HCRs. Furthermore, rapid industrialization along with increasing per capita income levels has led to a rise in residential & commercial construction activities across these countries which will further drive product demand.

The European region accounted for 20% of the overall revenue share in 2017 owing to stringent environmental regulations that have restricted industry growth over past few years. However, growing awareness regarding energy efficiency among consumers coupled with supportive government initiatives is anticipated to provide a potential opportunity for industry participants over next eight years.

North America emerged as second-largest regional market accounting for 18% of total revenue share in 2017 on account of high consumption volume related to air conditioning and refrigeration applications across U.S.

Growth Factors:

  • Increasing demand for refrigeration and air conditioning in developing countries
  • Stringent environmental regulations for hydrocarbon refrigerants
  • Technological advancements in hydrocarbon refrigerant systems
  • Growing popularity of natural refrigerants as an alternative to HCFCs and HFCs
  • Rising prices of conventional refrigerants such as R-22

Scope Of The Report

Report Attributes

Report Details

Report Title

Hydrocarbon Refrigerant Market Research Report

By Type

Propane, Isobutane, Others

By Application

Refrigerators, Chillers, Air Conditioners, Heat Pumps

By Companies

Air Liquide (Airgas Refrigerants Inc.), Linde Group, Sinochem Group, A-Gas International, Harp International Ltd., Tazzetti S.P.A., Oz-Chill Refrigerants, Shandong Yueon Chemical Industry Ltd., Puyang Zhongwei Fine Chemical Co. Ltd., Zhejiang Fotech International Co Ltd

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Hydrocarbon Refrigerant Market Report Segments:

The global Hydrocarbon Refrigerant market is segmented on the basis of:


Propane, Isobutane, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Refrigerators, Chillers, Air Conditioners, Heat Pumps

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Air Liquide (Airgas Refrigerants Inc.)
  2. Linde Group
  3. Sinochem Group
  4. A-Gas International
  5. Harp International Ltd.
  6. Tazzetti S.P.A.
  7. Oz-Chill Refrigerants
  8. Shandong Yueon Chemical Industry Ltd.
  9. Puyang Zhongwei Fine Chemical Co. Ltd.
  10. Zhejiang Fotech International Co Ltd

Global Hydrocarbon Refrigerant Market Overview

Highlights of The Hydrocarbon Refrigerant Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Propane
    2. Isobutane
    3. Others
  1. By Application:

    1. Refrigerators
    2. Chillers
    3. Air Conditioners
    4. Heat Pumps
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hydrocarbon Refrigerant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Hydrocarbon Refrigerant Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A hydrocarbon refrigerant is a type of air conditioning and refrigeration fluid that uses hydrocarbons as the main component. Hydrocarbons are molecules made up of hydrogen and carbon atoms.

Some of the major players in the hydrocarbon refrigerant market are Air Liquide (Airgas Refrigerants Inc.), Linde Group, Sinochem Group, A-Gas International, Harp International Ltd., Tazzetti S.P.A., Oz-Chill Refrigerants, Shandong Yueon Chemical Industry Ltd., Puyang Zhongwei Fine Chemical Co. Ltd., Zhejiang Fotech International Co Ltd.

The hydrocarbon refrigerant market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Hydrocarbon Refrigerant Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Hydrocarbon Refrigerant Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Hydrocarbon Refrigerant Market - Supply Chain
   4.5. Global Hydrocarbon Refrigerant Market Forecast
      4.5.1. Hydrocarbon Refrigerant Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Hydrocarbon Refrigerant Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Hydrocarbon Refrigerant Market Absolute $ Opportunity

5. Global Hydrocarbon Refrigerant Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Hydrocarbon Refrigerant Market Size and Volume Forecast by Type
      5.3.1. Propane
      5.3.2. Isobutane
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Hydrocarbon Refrigerant Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Hydrocarbon Refrigerant Market Size and Volume Forecast by Application
      6.3.1. Refrigerators
      6.3.2. Chillers
      6.3.3. Air Conditioners
      6.3.4. Heat Pumps
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Hydrocarbon Refrigerant Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Hydrocarbon Refrigerant Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Hydrocarbon Refrigerant Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Hydrocarbon Refrigerant Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Hydrocarbon Refrigerant Demand Share Forecast, 2019-2026

9. North America Hydrocarbon Refrigerant Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Hydrocarbon Refrigerant Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Hydrocarbon Refrigerant Market Size and Volume Forecast by Application
      9.4.1. Refrigerators
      9.4.2. Chillers
      9.4.3. Air Conditioners
      9.4.4. Heat Pumps
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Hydrocarbon Refrigerant Market Size and Volume Forecast by Type
      9.7.1. Propane
      9.7.2. Isobutane
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Hydrocarbon Refrigerant Demand Share Forecast, 2019-2026

10. Latin America Hydrocarbon Refrigerant Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Hydrocarbon Refrigerant Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Hydrocarbon Refrigerant Market Size and Volume Forecast by Application
      10.4.1. Refrigerators
      10.4.2. Chillers
      10.4.3. Air Conditioners
      10.4.4. Heat Pumps
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Hydrocarbon Refrigerant Market Size and Volume Forecast by Type
      10.7.1. Propane
      10.7.2. Isobutane
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Hydrocarbon Refrigerant Demand Share Forecast, 2019-2026

11. Europe Hydrocarbon Refrigerant Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Hydrocarbon Refrigerant Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Hydrocarbon Refrigerant Market Size and Volume Forecast by Application
      11.4.1. Refrigerators
      11.4.2. Chillers
      11.4.3. Air Conditioners
      11.4.4. Heat Pumps
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Hydrocarbon Refrigerant Market Size and Volume Forecast by Type
      11.7.1. Propane
      11.7.2. Isobutane
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Hydrocarbon Refrigerant Demand Share, 2019-2026

12. Asia Pacific Hydrocarbon Refrigerant Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Hydrocarbon Refrigerant Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Hydrocarbon Refrigerant Market Size and Volume Forecast by Application
      12.4.1. Refrigerators
      12.4.2. Chillers
      12.4.3. Air Conditioners
      12.4.4. Heat Pumps
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Hydrocarbon Refrigerant Market Size and Volume Forecast by Type
      12.7.1. Propane
      12.7.2. Isobutane
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Hydrocarbon Refrigerant Demand Share, 2019-2026

13. Middle East & Africa Hydrocarbon Refrigerant Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Hydrocarbon Refrigerant Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Hydrocarbon Refrigerant Market Size and Volume Forecast by Application
      13.4.1. Refrigerators
      13.4.2. Chillers
      13.4.3. Air Conditioners
      13.4.4. Heat Pumps
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Hydrocarbon Refrigerant Market Size and Volume Forecast by Type
      13.7.1. Propane
      13.7.2. Isobutane
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Hydrocarbon Refrigerant Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Hydrocarbon Refrigerant Market: Market Share Analysis
   14.2. Hydrocarbon Refrigerant Distributors and Customers
   14.3. Hydrocarbon Refrigerant Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Air Liquide (Airgas Refrigerants Inc.) Overview Financials Developments Strategic Outlook
      14.4.2. Linde Group Overview Financials Developments Strategic Outlook
      14.4.3. Sinochem Group Overview Financials Developments Strategic Outlook
      14.4.4. A-Gas International Overview Financials Developments Strategic Outlook
      14.4.5. Harp International Ltd. Overview Financials Developments Strategic Outlook
      14.4.6. Tazzetti S.P.A. Overview Financials Developments Strategic Outlook
      14.4.7. Oz-Chill Refrigerants Overview Financials Developments Strategic Outlook
      14.4.8. Shandong Yueon Chemical Industry Ltd. Overview Financials Developments Strategic Outlook
      14.4.9. Puyang Zhongwei Fine Chemical Co. Ltd. Overview Financials Developments Strategic Outlook
      14.4.10. Zhejiang Fotech International Co Ltd Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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