Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Type (Halocarbons, Azeotropic, Zeotropic, Carbon Dioxide, Hydrocarbon, Inorganic), By Application (AC, Refrigeration) And Competitive Landscape
Product Code: ETC403613 | Publication Date: Aug 2022 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Middle East Refrigerants Market |
Forecast Period | 2025-2031 |
Market Size | USD 4.2 billion by 2031 |
CAGR | 5.6% |
Growing Sector | Manufacturing |
Middle East Refrigerants Market report thoroughly covers the market by Countries, byType, and by Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East Refrigerants Market was valued at USD 2.8 billion and is expected to reach USD 4.2 billion, growing at a CAGR of around 5.6% from 2025 to 2031. This expansion is driven by increasing demand for cooling systems across residential, commercial, and industrial sectors, along with rising investments in sustainable and energy-efficient refrigerant technologies.
Middle East Refrigerants Market is expected to witness significant growth in the coming years, due to factors such as climatic conditions, increasing urbanization, and evolving regulatory frameworks. The region's hot temperatures and rising population density necessitate the widespread use of refrigeration and air conditioning systems, promoting a sustained demand for refrigerants. Additionally, the shift towards eco-friendly refrigerants, influenced by international agreements like the Kigali Amendment, is shaping the market's trajectory.
According to 6Wresearch, Middle East Refrigerants Market Size is expected to reach asignificant CAGR of 5.6% during the forecast period 2025-2031. Several factors are driving the growth of Middle East Refrigerants Market such as the region's extreme climatic conditions, characterized by high temperatures, necessitate efficient cooling solutions across residential, commercial, and industrial sectors. This demand directly correlates to the increasing adoption of air conditioning and refrigeration systems. Apart from this, rapid urbanization and infrastructure development in countries such as the United Arab Emirates, Saudi Arabia, and Qatar have significantly boosted the need for HVAC (heating, ventilation, and air conditioning) systems, thereby driving refrigerant consumption. Additionally, the region's proactive approach to implementing sustainable practices, supported by regulatory frameworks such as the Kigali Amendment, encourages the transition towards low-GWP refrigerants, creating new growth opportunities.
However, Middle East Refrigerants Market faces few restraints such as the high cost of transitioning to low-GWP (Global Warming Potential) refrigerants. The adoption of these eco-friendly alternatives often requires significant investment in equipment upgrades or replacements, posing financial barriers for smaller businesses and consumers. Additionally, the complexity of compliance with stringent environmental regulations, such as those under the Kigali Amendment, places operational and administrative burdens on refrigerant manufacturers and users. Another restraint is the region's reliance on imported refrigerants and related technologies, exposing the market to supply chain disruptions and fluctuating global prices.
Refrigerants Market in Middle Eastis experiencing several notable trends that are shaping its development. One key trend is the growing demand for environmentally friendly and energy-efficient refrigerants, driven by global and regional regulations aimed at reducing greenhouse gas emissions. This has led to increased adoption of natural refrigerants, such as ammonia and carbon dioxide, as alternatives to traditional hydrofluorocarbons (HFCs). Additionally, advancements in refrigeration and air-conditioning technologies are encouraging the development of low-global warming potential (GWP) refrigerant solutions, aligning with sustainable practices.
Middle East Refrigerants Industry presents a promising investment opportunity for businesses looking to expand their operations globally.With governments prioritizing sustainability through strict regulations and incentives, investors can capitalize on the adoption of low-GWP (Global Warming Potential) refrigerants, which are becoming a core focus for businesses needing compliance with international climate goals. Apart from this, investment in research and development (R&D) is particularly promising, as companies aim to innovate new refrigerant technologies that align with the region's environmental and climatic needs. Additionally, expanding infrastructure in sectors such as residential construction, commercial real estate, and industrial operations is expected to fuel the demand for advanced refrigeration systems.
Middle East Refrigerants Market Growth is characterized by the presence of several prominent players who contribute significantly to its growth and development. Key players include Honeywell International Inc., The Chemours Company,Arkema,Daikin Industries Ltd. and Linde plc. Strategic partnerships, research initiatives, and investments in eco-friendly technologies remain the driving forces behind these key players’ competitive edge in the Middle East refrigerants market.
Middle East Refrigerants Market shareis growing, and government’s regulation and policies are helping in extension of the market. Many countries in the region have adopted regulations aligning with the Kigali Amendment to the Montreal Protocol, emphasizing the phasedown of hydrofluorocarbons (HFCs) to mitigate greenhouse gas emissions. For instance, nations like the United Arab Emirates and Saudi Arabia are actively introducing policies to promote the use of low-global-warming-potential (GWP) refrigerants. Furthermore, government-led programs focus on supporting industries in transitioning to eco-friendly alternatives by providing incentives, fostering research and development, and encouraging public-private partnerships.
The future of Middle East Refrigerants Market Growth looks promising due to combination of regulatory advancements, technological innovation, and increasing environmental awareness. The transition towards sustainable and low-GWP refrigerants is expected to intensify as regional governments enforce stricter compliance measures and continue to align their policies with global agreements like the Kigali Amendment. This shift presents opportunities for the development and adoption of next-generation refrigerants that offer enhanced energy efficiency and reduced environmental impact.Additionally, the growing demand for refrigeration and air conditioning across industries, including construction, hospitality, and healthcare, will play a pivotal role in shaping the market's trajectory.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, Saudi Arabia is projected to experience the most significant growth. This growth can be attributed to the nation's extensive urbanization projects, such as NEOM and the Red Sea Project, which are driving substantial investments in construction and infrastructure.
Halocarbons are expected to experience significant growth in the coming years. This is primarily attributed to their widespread use in commercial and industrial applications, owing to their high efficiency and adaptability.
Air conditioning is expected to see substantial growth, driven by increasing urbanization, rising global temperatures, and the growing adoption of energy-efficient cooling solutions. Emerging economies in regions such as Asia-Pacific and the Middle East are likely to lead this expansion.
The market report has been segmented and sub segmented into the following categories
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Refrigerants Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Refrigerants Market Revenues & Volume, 2021 & 2031F |
3.3 Middle East Refrigerants Market - Industry Life Cycle |
3.4 Middle East Refrigerants Market - Porter's Five Forces |
3.5 Middle East Refrigerants Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Middle East Refrigerants Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Middle East Refrigerants Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Middle East Refrigerants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Refrigerants Market Trends |
6 Saudi Arabia Refrigerants Market, 2021 - 2031 |
6.1.1 Saudi Arabia Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.2 Saudi Arabia Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
7 UAE Refrigerants Market, 2021 - 2031 |
7.1 UAE Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 UAE Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Qatar Refrigerants Market, 2021 - 2031 |
8.1 Qatar Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 Qatar Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Kuwait Refrigerants Market, 2021 - 2031 |
9.1 Kuwait Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
9.2 Kuwait Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Oman Refrigerants Market, 2021 - 2031 |
10.1 Oman Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
10.2 Oman Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Bahrain Refrigerants Market, 2021 - 2031 |
11.1 Bahrain Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
11.2 Bahrain Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Turkey Refrigerants Market, 2021 - 2031 |
12.1 Turkey Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
12.2 Turkey Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Rest of Middle East Refrigerants Market, 2021 - 2031 |
13.1 Rest of Middle East Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
13.2 Rest of Middle East Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
14 Middle East Refrigerants Market Key Performance Indicators |
15 Middle East Refrigerants Market - Opportunity Assessment |
15.1 Middle East Refrigerants Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Middle East Refrigerants Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Middle East Refrigerants Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Middle East Refrigerants Market - Competitive Landscape |
16.1 Middle East Refrigerants Market Revenue Share, By Companies, 2024 |
16.2 Middle East Refrigerants Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |