Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Type (Glycols, Salt Brines, Carbon Dioxide), By Application (Commercial Refrigeration, Industrial Refrigeration, Heat Pumps, Air Conditioning) And Competitive Landscape
Product Code: ETC4611026 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Europe Secondary Refrigerants Market |
Forecast period | 2025-2031 |
Market Size | USD 2.21 billion by 2031 |
CAGR | 6.4% |
Growing Sector | Industrial Refrigeration |
Europe Secondary Refrigerants Market report thoroughly covers the market by countries, by type, and by application. The market outlook 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.
Europe Secondary Refrigerants Market was valued at USD 1.47 billion and is expected to reach USD 2.21 billion, growing at a CAGR of around 6.4% from 2025 to 2031.The growth of the market can be attributed to several factors such as increasing demand for refrigeration and air conditioning systems, strict regulations on the use of primary refrigerants due to their harmful effects on the environment, and rising energy costs.
The secondary refrigerants market in Europe is expected to grow at a steady rate due to factors such as increasing demand for processed food products, advancements in cold chain technology, and strict regulations on the use of harmful refrigerants. The market is primarily dominated by synthetic fluids such as glycols and salt solutions, which offer advantages like low toxicity, good thermal stability, and compatibility with various materials. The adoption of smart technologies in secondary refrigeration systems, which allows for remote monitoring and control of the equipment. This helps to optimize energy consumption, reduce maintenance costs, and improve overall efficiency.
According to 6Wresearch, the Europe Secondary Refrigerants Market size is projected to reach at a CAGR of 6.4% during the forecast period 2025-2031. The increasing demand for efficient cooling solutions in various industries. With growing concerns about energy efficiency and environmental sustainability, there is a shift towards using secondary refrigerants that have low global warming potential (GWP) and ozone depletion potential (ODP). This has led to the phase-out of ozone-depleting refrigerants like HCFCs and HCFCS, further driving the market for secondary refrigerants. However, there are also several challenges facing the market, such as high installation and maintenance costs, lack of awareness about the benefits of secondary refrigerants, and limited availability of suitable technologies.
In addition, stringent regulations on the use of certain synthetic fluids in specific applications may also hinder the Europe Secondary Refrigerants Market growth. Beside these challenges, some trends are shaping the market growth such as the increasing use of natural refrigerants, such as carbon dioxide and ammonia. These substances have zero GWP and ODP, making them environmentally-friendly alternatives to traditional synthetic fluids. Companies are also investing in research and development to improve the performance of these natural refrigerants and make them suitable for a wide range of applications.
European governments have been proactive in promoting the use of eco-friendly secondary refrigerants through various initiatives. These include implementing strict emission targets, offering financial incentives and subsidies for the adoption of green technologies, and enforcing legislation that phases out the use of harmful refrigerants.
The Europe secondary refrigerants industry is characterized by the presence of several key players who are pioneering in the field of sustainable refrigeration solutions. Companies like Climalife, Linde, and A-Gas are at the forefront, offering an array of eco-friendly refrigerants, such as ammonia and carbon dioxide, optimized for various applications.
The European secondary refrigerants market is set to experience robust growth, driven by continuous advancements in refrigeration technology and an unwavering commitment to environmental sustainability. The integration of IoT and artificial intelligence in refrigeration systems is anticipated to offer unprecedented efficiency improvements and operational cost reductions.
According to Dhaval, Research Manager, 6Wresearch, Italy stands out as the only nation experiencing significant growth in the European secondary refrigerants market. This growth is attributed to Italy's robust industrial sector and increasing adoption of environmentally sustainable practices within the refrigeration industry.
Based on the application, Industrial Refrigeration is gaining traction in the coming years due to increasing demand for energy-efficient and environmentally friendly refrigeration systems in various sectors such as food processing, pharmaceuticals, and chemicals. The industrial sector's rigorous requirements for precise temperature control and the shift towards sustainability are driving advancements in refrigerant technology, contributing significantly to the market growth.
The report offers a comprehensive study of the subsequent market segments
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 Europe Secondary Refrigerants Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Secondary Refrigerants Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Secondary Refrigerants Market - Industry Life Cycle |
3.4 Europe Secondary Refrigerants Market - Porter's Five Forces |
3.5 Europe Secondary Refrigerants Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Secondary Refrigerants Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Europe Secondary Refrigerants Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Europe Secondary Refrigerants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Secondary Refrigerants Market Trends |
6 Europe Secondary Refrigerants Market, 2021 - 2031 |
6.1 Europe Secondary Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 Europe Secondary Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
7 Germany Secondary Refrigerants Market, 2021 - 2031 |
7.1 Germany Secondary Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 Germany Secondary Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
8 United Kingdom Secondary Refrigerants Market, 2021 - 2031 |
8.1 United Kingdom Secondary Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 United Kingdom Secondary Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
9 France Secondary Refrigerants Market, 2021 - 2031 |
9.1 France Secondary Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
9.2 France Secondary Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Italy Secondary Refrigerants Market, 2021 - 2031 |
10.1 Italy Secondary Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
10.2 Italy Secondary Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Russia Secondary Refrigerants Market, 2021 - 2031 |
11.1 Russia Secondary Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
11.2 Russia Secondary Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Spain Secondary Refrigerants Market, 2021 - 2031 |
12.1 Spain Secondary Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
12.2 Spain Secondary Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Rest of Europe Secondary Refrigerants Market, 2021 - 2031 |
13.1 Rest of Europe Secondary Refrigerants Market, Revenues & Volume, By Type, 2021 - 2031 |
13.2 Rest of Europe Secondary Refrigerants Market, Revenues & Volume, By Application, 2021 - 2031 |
14 Europe Secondary Refrigerants Market Key Performance Indicators |
15 Europe Secondary Refrigerants Market - Opportunity Assessment |
15.1 Europe Secondary Refrigerants Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Secondary Refrigerants Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Europe Secondary Refrigerants Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Europe Secondary Refrigerants Market - Competitive Landscape |
16.1 Europe Secondary Refrigerants Market Revenue Share, By Companies, 2024 |
16.2 Europe Secondary Refrigerants Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |