Latest News- Automotive Refrigerant Market: Passenger car is expected to lead the Vehicle Type segment during 2025-2029

The Automotive Refrigerant Market is being driven by Higher time spent inside vehicles drives demand for cabin comfort features

The Automotive Refrigerant Market is expected to grow at a CAGR of 9.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1809 million. In the global automotive refrigerant market, R-134a has historically held a significant market share. However, regulatory shifts in developed regions, such as the European Union (EU), are driving a transition towards the adoption of R-1234yf refrigerant. The EU has banned refrigerants with a Global Warming Potential (GWP) exceeding 150, making R-1234yf the preferred choice for automakers. In the United States, approximately 50% of new vehicles now utilize R-1234yf, a trend attributed to the US Environmental Protection Agency's (EPA) Greenhouse Gas Emissions and Corporate Average Fuel Economy Standards program for light-duty vehicles (US EPA, 2012). Despite no regulatory ban on R-134a in the US, the market trend is leaning towards the more environmentally friendly R-1234yf. 

Get more information on Automotive Refrigerant Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Vehicle Type
  • Passenger car
  • Commercial vehicle
• Type
  • R134a
  • R1234yf
  • Others
• Application
  • OEM
  • Aftermarket
• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Higher time spent inside vehicles drives demand for cabin comfort features
• Growing popularity of automotive thermal systems boosts refrigerant consumption
• Rise in safety and comfort due to adoption of HVAC systems

However, the market also witnesses some limitations, which are as follows:

• High costs associated with redesigning automotive HVAC systems
• Growing popularity of automatic HVAC systems to reduce consumption volumes of refrigerant
• Rising environmental concerns

Benefits of Buying Global Automotive Refrigerant Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Automotive Refrigerant Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Automotive Refrigerant Market caters to the demand for thermal comfort in various types of vehicles, including cars, light commercial vehicles, heavy commercial vehicles, and passenger car vehicles. Air conditioning systems utilizing eco-friendly refrigerants play a crucial role in ambient comfort, especially in luxury vehicles, rental industry, and public transport. Primary and secondary refrigerants, such as chemicals, maintain low and high temperatures under pressure to power cooling equipment and refrigeration systems. Vehicle sales across sectors continue to drive market growth.

Market Research Overview

The Automotive Refrigerant Market is a significant segment of the global specialty chemicals industry, encompassing companies that produce eco-friendly refrigerants utilized in thermal comfort systems for vehicles. These refrigerants play a crucial role in maintaining ambient temperature and ensuring automatic climate control, contributing to enhanced passenger comfort. The market's expansion is primarily driven by the increasing demand for energy-efficient and environmentally sustainable refrigerants. Additionally, the shift towards advanced technologies, such as specialty adhesives and sealants, in vehicle manufacturing, is expected to further fuel market growth. According to Technavio's market analysis, the global specialty chemicals market, which includes manufacturers of these high-value-added chemicals, is projected to experience substantial growth due to the rising demand for specialized products in various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/