Secondary Refrigerants Market To Reach $1.25 Billion By 2030

Secondary Refrigerants Market Growth & Trends

The global secondary refrigerants market size is anticipated to reach USD 1.25 billion by 2030, growing at a CAGR of 7.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is driven by increasing regulations on high-GWP primary refrigerants, pushing industries toward sustainable cooling solutions. Growth in cold chain logistics, industrial refrigeration, and HVAC applications further boosts demand for energy-efficient heat transfer fluids like glycols and CO? brines. Additionally, the rise of district heating and heat pump adoption supports market expansion.

The glycols segment dominated the market with a largest revenue share. The glycols secondary refrigerants market is driven by increasing demand for energy-efficient and environmentally friendly cooling solutions in industries like HVAC, food processing, and pharmaceuticals.

The heat pumps end-use segment dominated the market with a largest revenue share and expected to register significant growth. Heat pumps utilize fluids like glycols, CO? brines, and salt solutions to transfer heat efficiently in HVAC, industrial cooling, and district heating applications. These systems enhance energy efficiency by enabling indirect refrigeration, reducing reliance on high-GWP primary refrigerants. Growing demand for sustainable heating and cooling solutions, especially in residential and commercial sectors, is driving market expansion.

Asia Pacific dominated the market with a largest market share in 2024. This growth is attributed to increasing industries such as food processing, pharmaceuticals, and HVAC are adopting secondary refrigerants like glycol-based solutions and CO? brines to enhance sustainability and system efficiency. Rising investments in cold chain logistics and industrial refrigeration further drive market expansion.

Some of the prominent players in the cryogenic gases market include Dow, Tazzetti S.P.A., Evonik Industries, Eastman Chemical Company, Clariant, The Lubrizol Corporation, The Linde Group, Temper Technology Ab, BASF SE, and A-Gas International.

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Secondary Refrigerants Market Report Highlights

• Based on product, the glycols segment is expected to have the largest revenue share of 45.5% in 2024 and is expected to grow due to ethylene and propylene glycol-based solutions are widely used for their heat transfer properties, low toxicity (for propylene glycol), and compatibility with various refrigeration systems. Stringent regulations on primary refrigerants and the expansion of cold chain infrastructure further support market growth

• Asia Pacific is the dominant region for the market with a revenue share of 50.7% in 2024. The Asia-Pacific secondary refrigerants market is growing due to increasing regulations on high-GWP refrigerants and the demand for energy-efficient cooling solutions

• In February 2022, Linde announced a long-term agreement with BASF to supply hydrogen and steam to BASF's new hexamethylenediamine (HMD) facility in Chalampé, France. As part of this agreement, Linde will design, build, own, and operate a second hydrogen production plant at the Chalampé chemical park, effectively doubling its existing capacity at the site. The new plant is expected to commence operations in the first half of 2024 and will also serve Linde's local merchant customers, addressing the growing demand for hydrogen in the region

Secondary Refrigerants Market Segmentation

Grand View Research has segmented the global secondary refrigerants market on the basis of product, end-use, and region:

Secondary Refrigerants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Glycols

• Salt Brines

• Carbon Dioxide

• Other Product

Secondary Refrigerants End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Commercial Refrigeration

• Industrial Refrigeration

• Heat Pumps

• Air Conditioning

• Other End Use

Secondary Refrigerants Region Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canda

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Secondary Refrigerants Market

• Dow

• BASF SE

• Evonik Industries

• Eastman Chemical Company

• Clariant

• The Lubrizol Corporation

• The Linde Group

• Temper Technology Ab

• A-Gas International

• Tazzetti S.P.A.