Europe Refrigerant Market is Probable to Witness Strong Growth: Attaining CAGR of 7.89% by 2032
As per the research report by Report Cube, the Europe Refrigerant Market reached a value of nearly USD 7.1 billion in 2025. The market is expected to grow at a CAGR of around 7.89%, during the forecast period of 2026-32, to attain a value of around USD 11.2 billion in 2032.
The Europe Refrigerant Market is in the middle of a major shift, shaped by tougher environmental rules, greater public concern about climate change, and the quick spread of energy-saving cooling equipment. Moreover, the producers & service providers are moving to low-GWP (Global Warming Potential) fluids to stay compliant & show custodianship. Thus, the demand is increasing in both advanced & still-developing parts of the regional landscape.
Additionally, the increasing prominence of phasing down high-impact hydrofluorocarbons (HFCs) under frameworks like the European Union’s F-Gas Regulation is attracting stakeholders to accelerate the transition toward eco-friendly substitutes. Also, refrigerants, such as hydrofluoroolefins (HFOs), natural refrigerants (including CO₂, ammonia, and hydrocarbons), and advanced blends are gaining substantial traction, due to their minimal environmental footprint & regulatory compliance benefits.
Furthermore, the rise in split-system air conditioners, heat pumps, and commercial chillers, trending strongly in homes, factories, and even cars, is fueling overall demand. Along with this, smarter components, like advanced leak sensors, better thermal design, and burn-less drives, are widening system performance while reducing the carbon cost of refrigeration. With users more focused than ever on sustainability, full-lifecycle savings, and avoiding fines, the Europe Refrigerant Market is expanding steadily with tremendous growth.
Besides, a surge in urban infrastructure, food retail, logistics, cold chains, and electric vehicles is strengthening refrigerant acceptance across varied applications, thus enhancing market share, further states the research study, the Europe Refrigerant Market Analysis, 2026.
Analyzing the Europe Refrigerant Market Segmentation
Refrigeration Segment Holds a Leading Market Position
Based on application, the market is segmented into air conditioning, refrigeration, chillers, heat pumps, and others.
The refrigeration segment grabs the largest share of the Europe Refrigerant Market. This dominance is accredited to the constant growth of cold storage facilities, supermarket refrigeration systems, and food processing units across the European region. Moreover, the escalating demand for dependable refrigeration solutions in the food & beverage (F&B), pharmaceutical, and logistics industries is stimulating refrigerant adoption. Also, the increasing requirement for temperature-controlled environments to ensure product quality & decrease spoilage is inspiring stakeholders to invest in effective, compliant refrigerant technologies. Further, with sustainability & regulatory compliance at the core of procurement strategies, the refrigeration segment is destined to motivate substantial growth within the Refrigerant Market in Europe.
Europe Refrigerant Market Companies Analysis
With the strategic analysis & market study, the leading companies, including Linde PLC, Arkema, The Chemours Company, Honeywell International Inc., AIR LIQUIDE, AGC Chemicals Europe, Ltd., A-Gas International Limited, DAIKIN INDUSTRIES, Ltd, DONGYUE GROUP, Entalpia Europe, and Others, are predicted to contribute to the growing market outlook.
Key Questions Answered in the Research Report
- What is the predicted Europe Refrigerant Market size and growth rate for the years 2026-32?
- What challenges are restricting the growth of the Europe Refrigerant Market?
- What are the key Drivers, Trends, and opportunities defining the Europe Refrigerant Market size?
- Which segment accounted for the largest market share in the Europe Refrigerant Market?
- Which region has the maximum potential for the Europe Refrigerant Market?
- Which prominent companies are leading growth in the Europe Refrigerant Market?