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Global Refrigerant R23 Market Research Report 2025
Synopsis
Refrigerant R23, also known as trifluoromethane, is a hydrofluorocarbon (HFC) compound used as a refrigerant in low-temperature applications. With a molecular formula of CHF3 and a boiling point of -82.1 degrees Celsius (-115.8 degrees Fahrenheit), R23 is well-suited for cooling systems that require extremely low temperatures. It is commonly employed in industrial refrigeration, cryogenic systems, and research laboratories. However, it is crucial to note that R23 has a high global warming potential (GWP), contributing to climate change. Due to environmental concerns, there is a growing trend in the industry to phase out or restrict the use of R23 and adopt more environmentally friendly refrigerants with lower GWPs.
The global Refrigerant R23 market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The industry trend regarding Refrigerant R23 is moving towards minimizing its usage and exploring alternative options. This transition is driven by the significant impact of R23 on global warming, given its high GWP of approximately 14,800. Global regulations and agreements, such as the Kigali Amendment to the Montreal Protocol, aim to reduce the production and consumption of HFCs like R23. As a result, there is increasing focus on utilizing refrigerants with lower GWPs, such as hydrofluoroolefins (HFOs) or natural refrigerants like ammonia (R-717) and carbon dioxide (R-744). These alternatives offer more sustainable and climate-friendly options for various cooling applications.
This report aims to provide a comprehensive presentation of the global market for Refrigerant R23, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Refrigerant R23.
Report Scope
The Refrigerant R23 market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Refrigerant R23 market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Refrigerant R23 manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
DowDuPont
Linde
Honeywell
Starget group
Gas Servei S.A.
Ajay Air Products
Daikin
Arkema
Chemours
Shanghai 3F New Material
Sinochem Lantian
Segment by Type
Disposable Steel Cylinders
Refillsble Steel Cylinders
Segment by Application
Cryogenic Coolant
Fire Extinguishing Agent
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Refrigerant R23 manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Refrigerant R23 by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Refrigerant R23 in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Refrigerant R23, also known as trifluoromethane, is a hydrofluorocarbon (HFC) compound used as a refrigerant in low-temperature applications. With a molecular formula of CHF3 and a boiling point of -82.1 degrees Celsius (-115.8 degrees Fahrenheit), R23 is well-suited for cooling systems that require extremely low temperatures. It is commonly employed in industrial refrigeration, cryogenic systems, and research laboratories. However, it is crucial to note that R23 has a high global warming potential (GWP), contributing to climate change. Due to environmental concerns, there is a growing trend in the industry to phase out or restrict the use of R23 and adopt more environmentally friendly refrigerants with lower GWPs.
The global Refrigerant R23 market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The industry trend regarding Refrigerant R23 is moving towards minimizing its usage and exploring alternative options. This transition is driven by the significant impact of R23 on global warming, given its high GWP of approximately 14,800. Global regulations and agreements, such as the Kigali Amendment to the Montreal Protocol, aim to reduce the production and consumption of HFCs like R23. As a result, there is increasing focus on utilizing refrigerants with lower GWPs, such as hydrofluoroolefins (HFOs) or natural refrigerants like ammonia (R-717) and carbon dioxide (R-744). These alternatives offer more sustainable and climate-friendly options for various cooling applications.
This report aims to provide a comprehensive presentation of the global market for Refrigerant R23, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Refrigerant R23.
Report Scope
The Refrigerant R23 market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Refrigerant R23 market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Refrigerant R23 manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
DowDuPont
Linde
Honeywell
Starget group
Gas Servei S.A.
Ajay Air Products
Daikin
Arkema
Chemours
Shanghai 3F New Material
Sinochem Lantian
Segment by Type
Disposable Steel Cylinders
Refillsble Steel Cylinders
Segment by Application
Cryogenic Coolant
Fire Extinguishing Agent
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Refrigerant R23 manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Refrigerant R23 by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Refrigerant R23 in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Refrigerant R23 Market Overview
1.1 Product Definition
1.2 Refrigerant R23 Segment by Type
1.2.1 Global Refrigerant R23 Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Disposable Steel Cylinders
1.2.3 Refillsble Steel Cylinders
1.3 Refrigerant R23 Segment by Application
1.3.1 Global Refrigerant R23 Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Cryogenic Coolant
1.3.3 Fire Extinguishing Agent
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Refrigerant R23 Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Refrigerant R23 Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Refrigerant R23 Production Estimates and Forecasts (2019-2030)
1.4.4 Global Refrigerant R23 Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Refrigerant R23 Production Market Share by Manufacturers (2019-2024)
2.2 Global Refrigerant R23 Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Refrigerant R23, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Refrigerant R23 Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Refrigerant R23 Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Refrigerant R23, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Refrigerant R23, Product Offered and Application
2.8 Global Key Manufacturers of Refrigerant R23, Date of Enter into This Industry
2.9 Refrigerant R23 Market Competitive Situation and Trends
2.9.1 Refrigerant R23 Market Concentration Rate
2.9.2 Global 5 and 10 Largest Refrigerant R23 Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Refrigerant R23 Production by Region
3.1 Global Refrigerant R23 Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Refrigerant R23 Production Value by Region (2019-2030)
3.2.1 Global Refrigerant R23 Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Refrigerant R23 by Region (2025-2030)
3.3 Global Refrigerant R23 Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Refrigerant R23 Production by Region (2019-2030)
3.4.1 Global Refrigerant R23 Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Refrigerant R23 by Region (2025-2030)
3.5 Global Refrigerant R23 Market Price Analysis by Region (2019-2024)
3.6 Global Refrigerant R23 Production and Value, Year-over-Year Growth
3.6.1 North America Refrigerant R23 Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Refrigerant R23 Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Refrigerant R23 Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Refrigerant R23 Production Value Estimates and Forecasts (2019-2030)
4 Refrigerant R23 Consumption by Region
4.1 Global Refrigerant R23 Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Refrigerant R23 Consumption by Region (2019-2030)
4.2.1 Global Refrigerant R23 Consumption by Region (2019-2024)
4.2.2 Global Refrigerant R23 Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Refrigerant R23 Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Refrigerant R23 Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Refrigerant R23 Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Refrigerant R23 Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Refrigerant R23 Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Refrigerant R23 Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Refrigerant R23 Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Refrigerant R23 Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Refrigerant R23 Production by Type (2019-2030)
5.1.1 Global Refrigerant R23 Production by Type (2019-2024)
5.1.2 Global Refrigerant R23 Production by Type (2025-2030)
5.1.3 Global Refrigerant R23 Production Market Share by Type (2019-2030)
5.2 Global Refrigerant R23 Production Value by Type (2019-2030)
5.2.1 Global Refrigerant R23 Production Value by Type (2019-2024)
5.2.2 Global Refrigerant R23 Production Value by Type (2025-2030)
5.2.3 Global Refrigerant R23 Production Value Market Share by Type (2019-2030)
5.3 Global Refrigerant R23 Price by Type (2019-2030)
6 Segment by Application
6.1 Global Refrigerant R23 Production by Application (2019-2030)
6.1.1 Global Refrigerant R23 Production by Application (2019-2024)
6.1.2 Global Refrigerant R23 Production by Application (2025-2030)
6.1.3 Global Refrigerant R23 Production Market Share by Application (2019-2030)
6.2 Global Refrigerant R23 Production Value by Application (2019-2030)
6.2.1 Global Refrigerant R23 Production Value by Application (2019-2024)
6.2.2 Global Refrigerant R23 Production Value by Application (2025-2030)
6.2.3 Global Refrigerant R23 Production Value Market Share by Application (2019-2030)
6.3 Global Refrigerant R23 Price by Application (2019-2030)
7 Key Companies Profiled
7.1 DowDuPont
7.1.1 DowDuPont Refrigerant R23 Corporation Information
7.1.2 DowDuPont Refrigerant R23 Product Portfolio
7.1.3 DowDuPont Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.1.4 DowDuPont Main Business and Markets Served
7.1.5 DowDuPont Recent Developments/Updates
7.2 Linde
7.2.1 Linde Refrigerant R23 Corporation Information
7.2.2 Linde Refrigerant R23 Product Portfolio
7.2.3 Linde Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Linde Main Business and Markets Served
7.2.5 Linde Recent Developments/Updates
7.3 Honeywell
7.3.1 Honeywell Refrigerant R23 Corporation Information
7.3.2 Honeywell Refrigerant R23 Product Portfolio
7.3.3 Honeywell Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Honeywell Main Business and Markets Served
7.3.5 Honeywell Recent Developments/Updates
7.4 Starget group
7.4.1 Starget group Refrigerant R23 Corporation Information
7.4.2 Starget group Refrigerant R23 Product Portfolio
7.4.3 Starget group Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Starget group Main Business and Markets Served
7.4.5 Starget group Recent Developments/Updates
7.5 Gas Servei S.A.
7.5.1 Gas Servei S.A. Refrigerant R23 Corporation Information
7.5.2 Gas Servei S.A. Refrigerant R23 Product Portfolio
7.5.3 Gas Servei S.A. Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Gas Servei S.A. Main Business and Markets Served
7.5.5 Gas Servei S.A. Recent Developments/Updates
7.6 Ajay Air Products
7.6.1 Ajay Air Products Refrigerant R23 Corporation Information
7.6.2 Ajay Air Products Refrigerant R23 Product Portfolio
7.6.3 Ajay Air Products Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Ajay Air Products Main Business and Markets Served
7.6.5 Ajay Air Products Recent Developments/Updates
7.7 Daikin
7.7.1 Daikin Refrigerant R23 Corporation Information
7.7.2 Daikin Refrigerant R23 Product Portfolio
7.7.3 Daikin Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Daikin Main Business and Markets Served
7.7.5 Daikin Recent Developments/Updates
7.8 Arkema
7.8.1 Arkema Refrigerant R23 Corporation Information
7.8.2 Arkema Refrigerant R23 Product Portfolio
7.8.3 Arkema Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Arkema Main Business and Markets Served
7.7.5 Arkema Recent Developments/Updates
7.9 Chemours
7.9.1 Chemours Refrigerant R23 Corporation Information
7.9.2 Chemours Refrigerant R23 Product Portfolio
7.9.3 Chemours Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Chemours Main Business and Markets Served
7.9.5 Chemours Recent Developments/Updates
7.10 Shanghai 3F New Material
7.10.1 Shanghai 3F New Material Refrigerant R23 Corporation Information
7.10.2 Shanghai 3F New Material Refrigerant R23 Product Portfolio
7.10.3 Shanghai 3F New Material Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Shanghai 3F New Material Main Business and Markets Served
7.10.5 Shanghai 3F New Material Recent Developments/Updates
7.11 Sinochem Lantian
7.11.1 Sinochem Lantian Refrigerant R23 Corporation Information
7.11.2 Sinochem Lantian Refrigerant R23 Product Portfolio
7.11.3 Sinochem Lantian Refrigerant R23 Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Sinochem Lantian Main Business and Markets Served
7.11.5 Sinochem Lantian Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Refrigerant R23 Industry Chain Analysis
8.2 Refrigerant R23 Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Refrigerant R23 Production Mode & Process
8.4 Refrigerant R23 Sales and Marketing
8.4.1 Refrigerant R23 Sales Channels
8.4.2 Refrigerant R23 Distributors
8.5 Refrigerant R23 Customers
9 Refrigerant R23 Market Dynamics
9.1 Refrigerant R23 Industry Trends
9.2 Refrigerant R23 Market Drivers
9.3 Refrigerant R23 Market Challenges
9.4 Refrigerant R23 Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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