Next generation refrigerants refer to the development of the refrigerants industry towards becoming more environmentally friendly, such as the refrigerants Ammonia (R-717), 2,3,3,3-Tetrafluoropropene (R-1234yf), and 1,3,3,3-Tetrafluoropropene (R-1234ze), which have minimal to zero climate change and ozone depletion potential. Asia Pacific has the largest market value in the world for next generation refrigerants, sitting at over 9.5 billion U.S. dollars in 2018.
Market value of next generation refrigerants worldwide in 2018 by region
(in billion U.S. dollars)
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BIS Research. (June 22, 2020). Market value of next generation refrigerants worldwide in 2018 by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 12, 2025, from https://www.statista.com/statistics/1128618/global-market-value-of-next-generation-refrigerants-by-region/?__sso_cookie_checker=failed
BIS Research. "Market value of next generation refrigerants worldwide in 2018 by region (in billion U.S. dollars)." Chart. June 22, 2020. Statista. Accessed February 12, 2025. https://www.statista.com/statistics/1128618/global-market-value-of-next-generation-refrigerants-by-region/?__sso_cookie_checker=failed
BIS Research. (2020). Market value of next generation refrigerants worldwide in 2018 by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 12, 2025. https://www.statista.com/statistics/1128618/global-market-value-of-next-generation-refrigerants-by-region/?__sso_cookie_checker=failed
BIS Research. "Market Value of next Generation Refrigerants Worldwide in 2018 by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Jun 2020, https://www.statista.com/statistics/1128618/global-market-value-of-next-generation-refrigerants-by-region/?__sso_cookie_checker=failed
BIS Research, Market value of next generation refrigerants worldwide in 2018 by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1128618/global-market-value-of-next-generation-refrigerants-by-region/?__sso_cookie_checker=failed (last visited February 12, 2025)
Market value of next generation refrigerants worldwide in 2018 by region (in billion U.S. dollars) [Graph], BIS Research, June 22, 2020. [Online]. Available: https://www.statista.com/statistics/1128618/global-market-value-of-next-generation-refrigerants-by-region/?__sso_cookie_checker=failed