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Global R124 Refrigerant Market Growth 2025-2031
Oct 2025
Chemicals and Materials
Pages: 82
LPI27497
The global R124 Refrigerant market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.
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The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Freon 124 (R-124) refrigerant is a hydrochlorofluorocarbon (HCFC) retrofit replacement for R-114 used in centrifugal chillers and high-ambient cooling applications, including overhead cranes.
United States market for R124 Refrigerant is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for R124 Refrigerant is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for R124 Refrigerant is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key R124 Refrigerant players cover DuPont, Honeywell International Inc, Zhejiang Yonghe Refrigerant Co., Ltd., Refrigerant Solutions Inc., etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
Infinity Market Research newest research report, the R124 Refrigerant Industry Forecast looks at past sales and reviews total world R124 Refrigerant sales in 2024, providing a comprehensive analysis by region and market sector of projected R124 Refrigerant sales for 2025 through 2031. With R124 Refrigerant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world R124 Refrigerant industry.
This Insight Report provides a comprehensive analysis of the global R124 Refrigerant landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on R124 Refrigerant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global R124 Refrigerant market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for R124 Refrigerant and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global R124 Refrigerant.
This report presents a comprehensive overview, market shares, and growth opportunities of R124 Refrigerant market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Packing: Disposable Steel Cylinders
Packing: Refillsble Steel Cylinders
Segmentation by Application:
Cooling Agent
Foam Blowing Agent
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.
DuPont
Honeywell International Inc
Zhejiang Yonghe Refrigerant Co., Ltd.
Refrigerant Solutions Inc.
Key Questions Addressed in this Report
What is the 10-year outlook for the global R124 Refrigerant market?
What factors are driving R124 Refrigerant market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do R124 Refrigerant market opportunities vary by end market size?
How does R124 Refrigerant break out by Type, by Application?
R124 Refrigerant Market Scope
| Report Attribute | Details |
|---|---|
| Market Size (Start Year) | USD XX Million |
| Market Size (End Year) | USD XX Million |
| Compound Annual Growth Rate (CAGR) | USD XX Million |
| Forecast Period | USD XX Million |
| Base Year | USD XX Million |
| Historical Data | USD XX Million |
| Key Players | USD XX Million |
REPORT COVERAGE
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
SEGMENT COVERED
By component, deployment, organization size, application, and industry.
REGIONAL SCOPE
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
COUNTRY SCOPE
Includes key countries across all major regions.
📘 Frequently Asked Questions
1. What is the market size of Global R124 Refrigerant Market?
Answer: The global R124 Refrigerant market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.
2. Which regions are analyzed in the Global R124 Refrigerant Market report?
Answer: The Global R124 Refrigerant Market report covers major regions such as Europe, Middle East & Africa. Each region is analyzed for trends, opportunities, and market dynamics.
3. What methodology is used for forecasting of Global R124 Refrigerant Market?
Answer: The Global R124 Refrigerant Market report uses a mix of primary research, secondary data, and expert analysis to build its forecasts. Models include both qualitative and quantitative approaches.
4. Are emerging markets analyzed separately in the Global R124 Refrigerant Market?
Answer: Yes, the Global R124 Refrigerant Market report highlights high-growth emerging regions with dedicated insights. These include untapped opportunities, risks, and potential for expansion.
5. Does the report include competitive benchmarking of Global R124 Refrigerant Market?
Answer: Yes, Global R124 Refrigerant Market report compares major players based on revenue, product portfolio, innovation, and regional presence. This helps assess competitive positioning.
6. Can I access country-level data within the Global R124 Refrigerant Market report?
Answer: Yes, Global R124 Refrigerant Market report includes detailed data by country, especially for key markets. This allows for localized insights and decision-making.
7. Can I get customized insights or data from the Global R124 Refrigerant Market report?
Answer: Yes, we offer customization options to align with your specific business needs. You can request tailored sections or regional breakdowns.
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🌟 Why Choose Infinity Market Research?
At Infinity Market Research, we dont just deliver data — we deliver clarity, confidence, and competitive edge.
In a world driven by insights, we help businesses unlock the infinite potential of informed decisions.
Here why global brands, startups, and decision-makers choose us:
Industry-Centric Expertise
With deep domain knowledge across sectors — from healthcare and technology to manufacturing and consumer goods — our team delivers insights that matter.
Custom Research, Not Cookie-Cutter Reports
Every business is unique, and so are its challenges. Thats why we tailor our research to your specific goals, offering solutions that are actionable, relevant, and reliable.
Data You Can Trust
Our research methodology is rigorous, transparent, and validated at every step. We believe in delivering not just numbers, but numbers that drive real impact.
Client-Centric Approach
Your success is our priority. From first contact to final delivery, our team is responsive, collaborative, and committed to your goals — because you re more than a client; you re a partner.
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