Top 30 Companies in Difluoromethane (HFC-32) Market Worldwide 2025: Market Research Report (2024–2035)

Description

According to a research report published by Spherical Insights & Consulting, The Global Difluoromethane (HFC-32) Market Size is projected to Grow from USD 1.2 Billion in 2024 to USD 2.1 Billion by 2035, at a CAGR of 5.22% during the forecast period 2025–2035. Increased demand for efficient refrigerants, stricter environmental laws pertaining to greenhouse gases, and improvements in HVAC technology are the main causes of this growth.

 

Introduction

The Global Difluoromethane (HFC-32) Market Size pertains to the manufacture and use of HFC-32, with a low global warming potential, and is extensively used in air conditioning and refrigeration equipment. HFC-32 is energy-efficient and has a range of thermodynamic features that will facilitate a transition to more sustainable cooling solutions. Additionally, the growing trend of retrofitting existing air conditioning and refrigeration systems with HFC-32 presents a promising opportunity. In order to reduce their carbon footprint and comply with new regulations, many businesses are looking to upgrade their systems. Manufacturers and service providers now have a rare opportunity to take advantage of the retrofitting market by providing end-users with operationally sound solutions that also meet environmental goals.

 

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The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.

 

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Difluoromethane (HFC-32) Market Size & Statistics

• The Market Size for Difluoromethane (HFC-32) Was Estimated to be Worth USD 1.2 Billion in 2024.
• The Market Size is Going to Expand at a CAGR of 5.22% Between 2025 and 2035.
• The Global Difluoromethane (HFC-32) Market Size is Anticipated to Reach USD 2.1 Billion by 2035.
• North America is expected to generate the highest demand during the forecast period in the Difluoromethane (HFC-32) Market.
• Asia Pacific is expected to grow the fastest during the forecast period in the Difluoromethane (HFC-32) Market.

Regional growth and demand

Asia Pacific is expected to grow the fastest during the forecast period in the difluoromethane (HFC-32) market. This growth is driven by the growing need for energy-efficient cooling solutions in the commercial, industrial, and residential sectors. Adoption is being accelerated by growing urbanization, infrastructure development, and climate-driven air conditioning demands in nations like China, India, and Southeast Asia. The regional market momentum is further enhanced by favorable government regulations that encourage the use of low-GWP refrigerants and greater investment in HVAC technologies.

 

North America is expected to generate the highest demand during the forecast period in the difluoromethane (HFC-32) market. This growth is driven by the area's robust HVAC system, growing use of energy-saving cooling systems, and regulatory pressure to use low-GWP refrigerants. Innovation in products and technology are supported by the presence of top manufacturers and continuous R&D expenditures. The shift to HFC-32 in the commercial, industrial, and residential sectors is also being accelerated by climate-driven cooling requirements and sustainability objectives.

 

Top 10 Difluoromethane (HFC-32) Trends

1.Transition to Low-GWP Refrigerants

2.Growing Residential Air Conditioning Demand

3.Commercial HVAC System Integration

4.Adequate Regulatory Structures

5.Developments in Compressor Technology

6.Growth in Applications for Heat Pumps

7.Increasing Energy Efficiency Awareness

8.Increasing Investment in Manufacturing Capacity

9.Adherence to Current Infrastructure

10.Emphasis on Safety and Handling Guidelines

 

1.Transition to Low-GWP Refrigerants

The shift to low global warming potential (GWP) refrigerants, such as HFC-32, is being accelerated by global climate policies. Manufacturers seeking to meet sustainability targets and regulatory compliance favor it due to its favorable environmental profile when compared to traditional HFCs.

 

2.Growing Residential Air Conditioning Demand

With its superior energy efficiency and reduced charge requirements, HFC-32 is being utilized in residential air conditioners more and more. Manufacturers are using HFC-32 to meet cost and performance specifications as cooling demands, particularly in Asia Pacific, are driven by urbanization and the growth of the middle class.

 

3.Commercial HVAC System Integration

To cut down on energy use and carbon emissions, commercial buildings are modernizing their HVAC systems with HFC-32-based solutions. It is appropriate for large-scale applications in offices, shopping centers, and hospitals due to its thermodynamic qualities, which support effective cooling performance.

 

4.Adequate Regulatory Structures

By offering incentives and implementing phasedown plans for high-GWP refrigerants, governments and environmental organizations are encouraging the use of HFC-32. National F-gas regulations and policies like the Kigali Amendment are influencing market dynamics and promoting adoption.

 

5.Developments in Compressor Technology

Compressor design advancements are improving HFC-32 compatibility and boosting system efficiency and dependability. These developments are making it possible for cooling systems to be used more widely in a wider range of climate zones and enhancing their lifespan performance.

 

Empower your strategic planning:

Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the difluoromethane (HFC-32) market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

 

Top 16 Companies Leading the Difluoromethane (HFC-32) Market

1.Honeywell International Inc.

2.Arkema S.A.

3.Daikin Industries Ltd.

4.The Chemours Company

5.Dongyue Group Ltd.

6.Zhejiang Juhua Co., Ltd.

7.Sinochem Lantian Co., Ltd.

8.Navin Fluorine International Limited

9.SRF Limited

10.Gujarat Fluorochemicals Limited

11.Linde plc

12.Mitsubishi Chemical Corporation

13.Asahi Glass Co., Ltd.

14.Shandong Huaan New Material Co., Ltd.

15.Zhejiang Sanmei Chemical Industry Co., Ltd.

16.Shanghai 3F New Material Co., Ltd.

 

1.Honeywell International Inc.

Headquarters - Charlotte, North Carolina, the US.

An integrated operating business, Honeywell International Inc. (Honeywell) provides services to numerous industries around the world. Through its many business divisions, the company focuses on offering solutions that improve comfort, safety, and productivity. The main goods and services offered by Honeywell are energy and sustainability solutions, building automation systems, industrial automation solutions, and aerospace technologies. Customers in sectors like building management, utilities, life sciences, aviation, and refining are served by the company's goods and services. In order to reach its customers, Honeywell uses a network of distribution networks and channel partners.

 

2.Arkema S.A.

Headquarters - Colombes, France

An international manufacturer of specialty materials chemicals is Arkema SA (Arkema). High-performance adhesives for industrial assembly and construction, coating resins and additives for coating solutions, and specialty polymers and performance additives for advanced materials are all part of the company's product line. Agriculture, automobiles, construction, consumer goods, electrical, oil, chemicals, packaging, plastics, pulp, rubber, health, and water treatment are just a few of the industries that use Arkema's products.

 

3.Daikin Industries Ltd.

Headquarters - Osaka, Japan

Global business Daikin Industries Ltd. (Daikin) specializes in refrigeration and air conditioning systems. Research and development, production, sales, and services pertaining to air conditioning systems comprise the company's primary operations. Products from Daikin include heating systems, ventilation control systems, air-to-water heat pump systems, split/multi-split air conditioners, and air purifiers. The business is well-known for its cutting-edge air conditioning solutions and technologies. Daikin's provides oxygen therapy equipment, guided missile components, mobile hydraulic equipment, and industrial hydraulic machinery and equipment.

 

4.The Chemours Company

Headquarters - Wilmington, Delaware, the US.

Chemicals are supplied by Chemours Co. (Chemours). Its main products are refrigerants, sodium cyanide, industrial fluoropolymer resins, and titanium dioxide (TiO2). Additionally, it provides performance chemicals, intermediates, mining solutions, and industrial chemical products and solutions. The business offers a wide variety of industrial and specialty chemical products, application knowledge, and customized solutions. The industries that Chemours serves include plastics and coatings, mining, oil refining, air conditioning and refrigeration, automotive, energy, telecommunications, electronics, and general industries.

 

5.Dongyue Group Ltd.

Headquarters - Zibo, Shandong Province, China.

Dongyue Group Ltd. is a well-known Chinese company that produces silicone materials, fluoropolymers, and refrigerants for a variety of markets, including electronics, automotive, construction, and chemical manufacturing. The business is renowned for its sophisticated R&D capabilities, integrated industrial chain, and dedication to green technologies. Dongyue is essential to meeting the demand for high-performance materials and ecologically friendly solutions around the world.

 

Are you ready to discover more about the difluoromethane (HFC-32) market?

The report provides an in-depth analysis of the leading companies operating in the global difluoromethane (HFC-32) market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

 

Company Profiles

1.Honeywell International Inc.

• Business Overview
• Company Snapshot
• Products Overview
• Company Market Share Analysis
• Company Coverage Portfolio
• Financial Analysis
• Recent Developments
• Merger and Acquisitions
• SWOT Analysis

2.Arkema S.A.

3.Daikin Industries Ltd.

4.The Chemours Company

5.Dongyue Group Ltd.

6.Zhejiang Juhua Co., Ltd.

7.Sinochem Lantian Co., Ltd.

8.Navin Fluorine International Limited

9.SRF Limited

10.Gujarat Fluorochemicals Limited

11.Linde plc

12.Mitsubishi Chemical Corporation

13.Asahi Glass Co., Ltd.

14.Shandong Huaan New Material Co., Ltd.

15.Zhejiang Sanmei Chemical Industry Co., Ltd.

16.Shanghai 3F New Material Co., Ltd.

17. Others

 

Conclusion

The Global Difluoromethane (HFC-32) Market Size is seeing a steady growth trend. This trend is driven by increasing demand for refrigerants that help to contribute to energy efficiency and environmental compliance. Government regulations, retrofit opportunities, and technological advancements in HVAC systems are all changing the trajectory of adoption in the residential, commercial, and industrial sectors. The Asia Pacific region is leading in production momentum, while North America is a leader in product innovation and demand. Taking into consideration the ever-evolving market demands, key players, such as manufacturers, are expanding their production capacity and investing in developing and providing new products. Stakeholders, including manufacturers and governments, should be cognizant of how to strategically plan for the rapid, constantly changing shifts in market trends.

 

About the Spherical Insights & Consulting

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