Secondary Refrigerants - Global Strategic Business Report

The global market for Secondary Refrigerants was estimated at US$895.8 Million in 2024 and is projected to reach US$1.2 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Secondary Refrigerants market.

Global Secondary Refrigerants Market - Key Trends and Drivers Summarized

Secondary Refrigerants: What’s Cooling the Next Generation of Refrigeration Systems?

Secondary refrigerants are fluids used to transfer thermal energy in cooling and refrigeration systems without undergoing phase change. Unlike primary refrigerants, which undergo evaporation and condensation, secondary refrigerants circulate between a chiller or refrigeration unit and the point of cooling. Common secondary refrigerants include water, brine solutions, glycol, and various organic and inorganic compounds that are chosen based on their thermal properties, environmental impact, and safety considerations. The market for secondary refrigerants is growing rapidly due to the increasing demand for energy-efficient cooling solutions and the need to comply with stringent environmental regulations aimed at phasing out high-global warming potential (GWP) refrigerants. Secondary refrigerants are widely used in commercial and industrial refrigeration, district cooling systems, and cryogenic applications, where they help optimize energy consumption and reduce greenhouse gas emissions.

How Are Technological Innovations Enhancing Secondary Refrigerant Efficiency?

Technological innovations are playing a critical role in enhancing the efficiency and safety of secondary refrigerants, making them more attractive for diverse applications. Advances in heat transfer fluids and additives are improving the thermal conductivity and heat capacity of secondary refrigerants, enabling more efficient heat exchange and cooling performance. Developments in heat exchanger and piping system designs are optimizing the flow and distribution of secondary refrigerants, reducing energy loss and enhancing overall system efficiency. Furthermore, the introduction of non-toxic, non-flammable, and low-viscosity secondary refrigerants is addressing safety and environmental concerns, making them suitable for a broader range of applications. These technological advancements are driving the adoption of secondary refrigerants in various cooling and refrigeration systems, from food processing and cold storage to data centers and pharmaceutical manufacturing.

What Market Trends Are Driving the Adoption of Secondary Refrigerants?

Several market trends are driving the adoption of secondary refrigerants, reflecting the growing emphasis on sustainability, efficiency, and safety in cooling and refrigeration systems. The rising focus on reducing greenhouse gas emissions and energy consumption is spurring the demand for low-GWP secondary refrigerants, such as CO2 and ammonia, which offer high energy efficiency and minimal environmental impact. The expansion of cold chain logistics, driven by the increasing demand for perishable goods and pharmaceuticals, is creating new opportunities for secondary refrigerants that provide reliable and consistent cooling. The growth in district cooling systems, particularly in urban areas and hot climates, is further boosting the use of secondary refrigerants to optimize energy use and reduce operational costs. Additionally, the increasing integration of renewable energy sources and thermal energy storage systems is supporting the adoption of secondary refrigerants in sustainable cooling solutions.

What Drives the Growth in the Secondary Refrigerants Market?

The growth in the secondary refrigerants market is driven by several factors, including advancements in refrigerant technologies, the growing need for energy-efficient cooling solutions, and the expanding applications in industrial and commercial refrigeration. The increasing regulatory pressure to phase out high-GWP refrigerants is driving the shift towards secondary refrigerants that offer low environmental impact and compliance with environmental standards. The development of advanced heat transfer fluids and innovative system designs is enhancing the performance and safety of secondary refrigerants, supporting their adoption in diverse applications. The expansion of cold chain logistics, district cooling systems, and renewable energy integration is further driving the demand for secondary refrigerants. Moreover, collaborations between HVAC manufacturers and chemical companies to develop customized refrigerant solutions are contributing to market growth.

SCOPE OF STUDY:

The report analyzes the Secondary Refrigerants market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Type (Glycols, Salt Brines, Carbon Dioxide, Other Types); Application (Industrial Refrigeration, Commercial Refrigeration, Heat Pumps, Air Conditioning, Other Applications)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Glycols segment, which is expected to reach US$561.3 Million by 2030 with a CAGR of a 6.2%. The Salt Brines segment is also set to grow at 4.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $234.4 Million in 2024, and China, forecasted to grow at an impressive 9.1% CAGR to reach $286.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Secondary Refrigerants Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Secondary Refrigerants Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Secondary Refrigerants Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as A-Gas International, Arteco Coolants, Clariant AG, Climalife Groupe Dehon, Dow, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 43 companies featured in this Secondary Refrigerants market report include:

• A-Gas International
• Arteco Coolants
• Clariant AG
• Climalife Groupe Dehon
• Dow, Inc.
• DuPont de Nemours, Inc.
• Dynalene, Inc.
• Eastman Chemical Company
• Environmental Process Systems Ltd.
• Gas Servei S.A.
• Hydratech Industries
• Linde AG
• Nisso Shoji Co. Ltd.
• SRS Frigadon
• Tazzetti S.p.A.
• Temper Technology AB

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.