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Refrigerants in the US Procurement Price, Data and Insights
Refrigerants are fluid substances commonly used in air conditioners, refrigerators, and freezers. This report includes fluorinated refrigerants that do not deplete the ozone layer, such as hydrofluorocarbons (HFCs), and those that do deplete the ozone layer and are strictly regulated, such as hydrochlorofluorocarbons (HCFCs) and chlorofluorocarbons (CFCs). This report also covers natural halogen-free refrigerants such as ammonia, carbon dioxide, and hydrocarbons. This report excludes air conditioners, refrigerators, and freezers. Suppliers, such as manufacturers and wholesalers, commonly serve the broader heating, ventilation, air-conditioning, and refrigeration (HVACR) market.
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What’s included in this market coverage
IBISWorld's research coverage on the Refrigerants procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Refrigerants market in the United States includes Chlorofluorocarbons, Hydrochlorofluorocarbons, Hydrofluorocarbons and Natural Halogen-Free Refrigerants. Standard coding in this coverage includes HS-2903451000-1,1,1,2-Tetrafluoroethane (Hfc-134A), ISIC-2011-Manufacture of basic chemicals, NACE-20.11-Manufacture Of Industrial Gases, NAICS-325120-Industrial gas manufacturing and UNSPSC-24131513-Refrigerant.
What common market terminology is included?
Common market terminology included in the Refrigerants procurement coverage includes Refrigerant (A substance that undergoes phase transitions from a liquid to a gas and back again to draw heat out of a space.), ASHRAE (The American Society of Heating, Refrigerating and Air-Conditioning Engineers is the main publisher of refrigerant standards and provides technical resources for suppliers in the HVACR market.) and Phaseout (A government-mandated reduction in the manufacturing, importation and sale of a particular substance. Phaseouts usually include annual targets in various increments of time.).
What companies are included as top suppliers?
The top companies covered in the Refrigerants procurement report as suppliers are National Refrigerants Inc., Daikin Industries Ltd., Honeywell International Inc., Johnstone Supply, Inc. and Agc Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Refrigerants market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per pound, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Refrigerants market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Refrigerants procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Refrigerants market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Refrigerants market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Refrigerants?
The 2026 benchmark market price for Refrigerants is $5.85 per pound. Prices have increased at a CAGR of 1.05 from 2023-26.
Who are the top vendors in the Refrigerants market?
The top vendors in the Refrigerants market include National Refrigerants Inc., Daikin Industries Ltd., Honeywell International Inc., Johnstone Supply, Inc. and Agc Inc..
What industries supply the Refrigerants market?
The top industries supplying the Refrigerants market are Local Specialized Freight Trucking in the US, Gas Stations in the US, Chemical Wholesaling in the US, Natural Gas Liquid Processing in the US, Organic Chemical Manufacturing in the US, Metal Tank Manufacturing in the US and Iron & Steel Manufacturing in the US.
What is the supply chain risk for Refrigerants?
Low market share concentration enables buyers to drive price-based competition and supplier performance. The refrigerants market in the United States is highly fragmented, with the top four vendors generating less than 30.0% of total revenue. This diffuse structure limits the power of any one supplier and gives buyers leverage to run competitive bidding processes, secure favorable pricing, and demand stronger service commitments. Procurement teams can capitalize by regularly benchmarking vendors and switching suppliers if cost or quality targets aren't met, reducing long-term contract risk.
What factors affect the price of Refrigerants?
Refrigerants like HFCs and HFOs typically command higher prices due to their specialized chemical properties, environmental compliance, and efficiency. The additional costs reflect the rigorous manufacturing processes required to produce these environmentally friendly, non-ozone-depleting products.
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