R-125 refrigerant market is anticipated to grow at a CAGR of 1.8% during the forecast period (2024-2031). The R-125 refrigerant, also known as pentafluoro ethane, is a key component in many refrigerant blends, with a lower environmental impact compared to older refrigerants. The market is growing owing to factors such as increasing demand for HVAC systems, regulatory requirements supporting environmentally friendly refrigerants, the development of new refrigerant blends that include R-125, and the shift to low-global warming potential (GWP) refrigerants.
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Segmental Outlook
Based on type, the market is segmented into purity 99.5% and purity 99.8%.
Based on industry, the market is segmented into Extinguishants, Air Conditioners, and Industrial Refrigeration.
R-125 Dominated the Type Segment
R-125 is the preferred refrigerant type over HCFC-123 and HCFC-124 in the refrigerant market owing to its lower impact on ozone depletion and greater stability, which supports compliance with global environmental regulations. Further, the segmental growth is fueled by strict emissions targets and the gradual elimination of substances harmful to the ozone layer, making R-125 a sustainable option for upcoming refrigeration needs.
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Air Conditioner Remained the Biggest Industry
Air conditioners are the dominant industry among extinguishants and industrial refrigeration, driven by increasing global demand for cooling solutions, rising temperature levels owing to climate change, technological advancements in air conditioners, and expanding urbanization requiring indoor climate control.
Regional Outlook
The global R-125 refrigerant market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific is Anticipated to Exhibit Significant Growth in the Global R-125 Refrigerant Market
Asia-Pacific is anticipated to exhibit significant growth in the global market, attributed to the increasing demand for HVAC systems advocated by rising temperatures and income levels and supportive regulations for the use of R-125 refrigerants. Further, the growing demand for refrigerators in industrial and commercial settings and the regional shift towards low-GWP refrigerants are expected to influence the market in the region. For instance, according to the International Energy Agency (IEA), the Southeast Asian region is expected to experience a significant increase in air conditioner sales due to rising temperatures and incomes. The total number of air conditioner units is projected to soar from 40 million units in 2017 to 300 million units in 2040, with around half of them being in Indonesia.
by Type (Purity 99.5%, and Purity 99.8%), and
by End-User (Extinguishants, Air Conditioners, and Industrial Refrigeration)
Market Players Outlook
The major companies serving the global R-125 refrigerant market include Honeywell International, Inc., Mexichem S.A.B. de C.V. (Orbia), and The Chemours Company LLC, among others. The market players are focusing on capitalizing on growth by adopting strategies such as collaboration, partnerships, and market expansion among others. For instance, in June 2021, the U.S. Department of Commerce announced a preliminary countervailing duty ruling on R125 pentafluoroethane imported from China. Preliminary countervailing duty rates were 3.23% for Zhejiang Quzhou Juxin Fluorine Chemical Co., Ltd. and 2.31% for Zhejiang Sanmei Chemical Ind. Co., Ltd. For Arkema Daikin Advanced Fluorochemicals (Changsu) Co., Ltd., Daikin Fluorochemicals (China) Co., Ltd., Hongkong Richmax Ltd., and Weitron International Refrigeration Equipment (Kunshan) Co., Ltd., the rate is 291.26%, while the rate for other Chinese producers and exporters is 3.12%. The final countervailing duty adjudication was made on October 25, 2021.
The Report Covers
Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global R-125 refrigerant market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market
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