R-132Refrigerant Market size was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.1 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The R-132 refrigerant market is a growing segment within the global refrigerants industry, gaining significant traction due to its diverse applications across various sectors. This report focuses on the specific applications of R-132 refrigerant, providing an in-depth analysis of its uses in air-conditioning systems, refrigerators, as a blowing agent, and in other specialized applications. The segment's growth is fueled by its efficiency, environmental considerations, and adoption of sustainable refrigerants in response to global regulatory shifts.
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R-132 refrigerant is increasingly used in air-conditioning systems for both residential and commercial applications. The growing demand for energy-efficient and environmentally friendly cooling solutions has driven the market for R-132. Its low Global Warming Potential (GWP) and ozone depletion potential make it an attractive alternative to older refrigerants, such as R-22, which are being phased out under international regulations like the Kigali Amendment to the Montreal Protocol. The efficient heat transfer properties of R-132 allow air-conditioning systems to deliver optimal performance while reducing energy consumption, which aligns with the increasing global focus on energy conservation and environmental sustainability. The air-conditioning sector continues to experience strong demand, driven by factors such as urbanization, increasing temperatures, and heightened awareness of climate change. R-132 refrigerant plays a crucial role in ensuring that modern HVAC systems meet both performance standards and environmental guidelines. Its use in air-conditioning units also supports manufacturers in complying with the stringent regulatory requirements imposed by governments worldwide, driving adoption in residential, commercial, and industrial cooling systems. The flexibility of R-132 to be integrated into new and existing air-conditioning systems has further contributed to its growing presence in the market.
R-132 refrigerant is also commonly used in refrigerators, both domestic and commercial. The transition from older, ozone-depleting refrigerants such as R-12 and R-134a to more sustainable and efficient alternatives is one of the key drivers of this market. R-132’s low toxicity and favorable thermodynamic properties make it an ideal choice for refrigeration systems that require optimal cooling with minimal environmental impact. As the global focus on reducing the carbon footprint of household appliances intensifies, R-132 stands out for its ability to provide reliable refrigeration while complying with stringent environmental regulations. The increasing demand for energy-efficient appliances, coupled with the growing need for sustainable refrigerants, is likely to continue driving the use of R-132 in refrigerators. Consumers are becoming more environmentally conscious, opting for appliances that offer not only performance but also energy savings. This trend is leading manufacturers to integrate R-132 into new designs, ensuring that their products comply with eco-friendly standards and contribute to long-term sustainability. As the refrigerator market continues to expand globally, R-132 is expected to maintain a strong presence as a preferred refrigerant solution.
In addition to its applications in refrigeration and air-conditioning, R-132 is also used as a blowing agent in the production of foam materials, such as polyurethane foams. The use of R-132 as a blowing agent is gaining popularity due to its favorable thermodynamic properties, which enhance the quality and performance of foam products. These foams are widely used in various industries, including construction, automotive, and packaging. R-132 helps in achieving a lower thermal conductivity, contributing to improved insulation properties, which is a critical factor in applications requiring high-performance materials, such as in cold storage insulation or energy-efficient building materials. The demand for sustainable alternatives to traditional blowing agents is increasing as industries seek to reduce their environmental impact. R-132 is a suitable replacement for older, more harmful agents like CFCs and HCFCs, which are being phased out under global environmental agreements. As regulations tighten around the use of high-GWP substances, R-132’s adoption as a blowing agent is expected to continue growing. Furthermore, its non-toxic nature and low environmental impact make it an attractive choice for companies seeking to align with both consumer demands for greener products and compliance with increasingly stringent environmental standards.
Beyond its primary applications in air-conditioning, refrigeration, and as a blowing agent, R-132 refrigerant is also used in other specialized applications, including laboratory and industrial cooling systems, as well as in certain niche sectors requiring low-GWP refrigerants. These applications benefit from R-132’s efficient cooling properties, cost-effectiveness, and low environmental impact. For example, R-132 is utilized in cooling equipment for certain industrial processes that require precise temperature control without the environmental drawbacks of traditional refrigerants. Its versatility in various systems has made it a valuable refrigerant in different industries, including automotive air conditioning, heat pumps, and some specific industrial refrigeration systems. The growth of R-132 in the 'Others' category is driven by its adaptability to a wide range of applications, particularly in industries where performance and sustainability are crucial. As the demand for more sustainable and effective refrigerants increases, R-132’s role in specialized industrial and scientific applications will likely expand. Additionally, as regulatory pressures intensify, companies are turning to R-132 as a solution to meet environmental standards while maintaining the efficiency and performance of their cooling systems.
The R-132 refrigerant market is experiencing several key trends that are shaping its growth trajectory. One of the most significant trends is the increasing emphasis on sustainability and the reduction of greenhouse gas emissions. Global regulations, such as the Kigali Amendment and the European Union’s F-Gas Regulation, are pushing manufacturers to adopt refrigerants with lower Global Warming Potential (GWP) like R-132. The refrigerant’s low GWP and zero ozone depletion potential make it a preferred option in an era where environmental concerns are paramount. This regulatory shift is pushing industry players to innovate and meet stricter environmental standards, which is positively influencing the adoption of R-132 across various applications. Another trend driving the R-132 refrigerant market is the growing demand for energy-efficient solutions. As climate change and rising energy costs continue to drive the need for more sustainable technologies, R-132 is emerging as a key refrigerant in both residential and commercial sectors. Its efficient heat transfer properties help reduce energy consumption in HVAC systems and refrigeration units, leading to lower operating costs and greater environmental benefits. This trend toward energy efficiency is likely to accelerate as governments and organizations set more ambitious targets for energy conservation and carbon footprint reduction.
The R-132 refrigerant market presents several promising opportunities for both manufacturers and end-users. One of the most notable opportunities lies in the continued shift away from older refrigerants toward more environmentally friendly alternatives. As governments tighten regulations around the use of high-GWP substances, the demand for R-132 is expected to increase across sectors such as air-conditioning, refrigeration, and foam production. This shift presents a significant opportunity for businesses to capitalize on the growing demand for low-GWP refrigerants and position themselves as leaders in sustainable technologies. Moreover, as industries focus on improving energy efficiency and sustainability, R-132 offers manufacturers a chance to differentiate themselves by offering products that meet both environmental and performance standards. The growing adoption of R-132 in emerging markets, where demand for cooling solutions is rapidly increasing, also presents an untapped growth opportunity. As these regions urbanize and industrialize, the demand for efficient, eco-friendly refrigerants like R-132 is set to rise, opening new avenues for growth in the global refrigerant market.
1. What is R-132 refrigerant used for? R-132 refrigerant is primarily used in air-conditioning, refrigeration, and as a blowing agent in foam production due to its low environmental impact and efficient cooling properties.
2. Is R-132 refrigerant environmentally friendly? Yes, R-132 has a low Global Warming Potential (GWP) and zero ozone depletion potential, making it a more environmentally friendly alternative to older refrigerants.
3. Can R-132 be used in residential air-conditioning systems? Yes, R-132 is increasingly used in residential air-conditioning systems due to its efficiency and low environmental impact.
4. What industries use R-132 refrigerant? R-132 is used in a variety of industries, including air-conditioning, refrigeration, foam production, and specialized industrial cooling systems.
5. What is the advantage of R-132 over other refrigerants? The key advantages of R-132 include its low GWP, non-ozone depleting properties, and energy efficiency, which help reduce both environmental impact and operating costs.
6. Is R-132 safe to use in refrigeration systems? Yes, R-132 is considered safe to use in refrigeration systems as it has low toxicity and non-flammability characteristics.
7. How does R-132 compare to R-134a? R-132 has a lower Global Warming Potential (GWP) compared to R-134a, making it a more eco-friendly choice for refrigeration and air-conditioning systems.
8. Will R-132 replace R-22 in the market? Yes, R-132 is increasingly being adopted as a replacement for R-22 in air-conditioning and refrigeration systems due to its environmental benefits and compliance with regulatory requirements.
9. What are the regulations around the use of R-132 refrigerant? R-132 is compliant with global regulations such as the Kigali Amendment to the Montreal Protocol, which aims to phase out high-GWP refrigerants and reduce climate change impacts.
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Top R-132Refrigerant Market Companies
Chemours
Linde AG
DAIKIN
Navin Fluorine International (Padmanabh Mafatlal Group)
Gujarat Fluorochemicals (INOXGFL group)
Arkema
Zhengjiang Yonghe Refrigerant
Dongyue Group
Zhejiang Juhua
Jiangsu Meilan Chemical
Sanmei
Zhejiang Lantian Environmental Protection Hi-Tech
3F(Shanghai Huayi Group Corporation Limited)
Yingpeng Chemicals
Zhejiang Linhai Liming Chemical
Bluestar Green Technology
Shandong Yuean Chemical
China Fluoro Technology
Zhejiang Weihua Chemical
Regional Analysis of R-132Refrigerant Market
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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