Tetrafluoroethane

Tetrafluoroethane Market Outlook

The global Tetrafluoroethane market is expected to reach approximately USD 6.2 billion by 2033, growing at a compound annual growth rate (CAGR) of around 5.7% from 2025 to 2033. This growth is primarily driven by the increasing demand for refrigeration and air conditioning systems, particularly in emerging economies where urbanization and the rise of the middle class are creating new consumer markets. Moreover, the heightened awareness regarding environmental sustainability is pushing industries to adopt more efficient and less harmful refrigerants, thereby supporting the growth of the Tetrafluoroethane market. Additionally, advancements in technology, including the development of high-efficiency refrigeration systems, are further accelerating market growth. With stringent regulations pertaining to hydrofluorocarbons (HFCs) and ozone-depleting substances, the focus on alternative refrigerants like Tetrafluoroethane is also expected to gain traction in the coming years.

Growth Factor of the Market

The Tetrafluoroethane market is poised for significant growth due to several factors influencing its demand across various sectors. One of the most prominent growth factors is the expanding refrigeration and air conditioning markets, particularly in developing regions where climate control systems are becoming increasingly essential. The automobile industry is also contributing to this demand, as Tetrafluoroethane serves as a vital component in automotive air conditioning systems. Furthermore, the rising need for pharmaceuticals and the electronics industry is driving demand for different grades of Tetrafluoroethane, emphasizing its versatility as a chemical compound. The ongoing transition towards environmentally friendly refrigerants, coupled with stringent regulations aimed at reducing greenhouse gas emissions, is another critical factor propelling the market forward. Lastly, the growth of the food processing sector, where Tetrafluoroethane plays a crucial role in both refrigeration and packing, is expected to further bolster the market.

Key Highlights of the Market

• The global Tetrafluoroethane market is projected to reach USD 6.2 billion by 2033.
• Expected CAGR of 5.7% from 2025 to 2033.
• Increasing demand in refrigeration and air conditioning systems.
• Growing adoption in the pharmaceutical and electronics industries.
• Stringent regulations promoting the use of environmentally friendly refrigerants.

By Product Type

Refrigerant Grade Tetrafluoroethane:

Refrigerant Grade Tetrafluoroethane is one of the most widely used types in the market, particularly in HVAC systems and refrigeration applications. It boasts excellent thermodynamic properties, making it an ideal choice for cooling applications where efficiency and performance are paramount. The growing need for efficient cooling solutions in both residential and commercial sectors drives the demand for this product type. Additionally, regulatory changes aimed at phasing out older refrigerants have led to increased adoption of this eco-friendly alternative. Manufacturers are also focusing on improving the purity and efficiency of Refrigerant Grade Tetrafluoroethane to meet rising industry standards.

Pharmaceutical Grade Tetrafluoroethane:

Pharmaceutical Grade Tetrafluoroethane is utilized as a propellant in inhalers and other pharmaceutical devices, ensuring accurate dosing in medication delivery. The stringent quality standards and regulations governing pharmaceutical production have positioned this grade as a critical component in medical applications. As the global pharmaceutical market continues to expand, driven by increasing health awareness and aging populations, the demand for Pharmaceutical Grade Tetrafluoroethane is expected to rise significantly. Additionally, research and development in advanced drug delivery systems are likely to provide further opportunities for this segment.

Industrial Grade Tetrafluoroethane:

Industrial Grade Tetrafluoroethane serves a variety of applications ranging from cleaning agents to solvents in various manufacturing processes. This segment is propelled by the recovery and cleaning of electronic parts in the electronics industry, where precision and cleanliness are non-negotiable. Moreover, the industrial applications of Tetrafluoroethane continue to evolve, with manufacturers looking for enhanced performance and efficiency. As industries increasingly focus on optimizing production processes, the demand for Industrial Grade Tetrafluoroethane is anticipated to increase, supported by innovative technological advancements.

Electronic Grade Tetrafluoroethane:

Electronic Grade Tetrafluoroethane is specifically designed for applications in the electronics industry, primarily for cleaning and etching processes. The semiconductor market is one of the largest consumers of Electronic Grade Tetrafluoroethane, as it is critical in maintaining the cleanliness of components and ensuring quality in electronic manufacturing. With the rapid growth of the electronics sector, driven by innovations in consumer electronics and the rise of IoT devices, the demand for this grade is on an upward trajectory. The continuous advancements in electronic fabrication technologies will further bolster the need for high-purity Tetrafluoroethane, ensuring the integrity of sophisticated electronic systems.

Specialty Grade Tetrafluoroethane:

Specialty Grade Tetrafluoroethane is tailored for unique applications that require specific chemical properties or purity levels. It finds its use in niche markets where tailored formulations are essential, such as specialized cleaning and manufacturing processes in various industries. The demand for Specialty Grade Tetrafluoroethane is growing as industries seek customized solutions to improve operational efficiency and product quality. This market segment offers potential for innovation and differentiation, allowing manufacturers to cater to specific client needs while expanding their product offerings.

By Application

Refrigeration:

The refrigeration application of Tetrafluoroethane is the most prominent segment within the market, driven by the widespread use of refrigeration systems in residential, commercial, and industrial settings. Tetrafluoroethane serves as an efficient refrigerant, providing reliable cooling performance while adhering to environmental regulations. The increasing global demand for refrigeration solutions, especially in developing nations where food preservation and storage are critical, fuels the growth of this application. Recent improvements in refrigeration technologies and systems are also fostering the adoption of Tetrafluoroethane as an environmentally friendly alternative to traditional refrigerants.

Pharmaceuticals:

In the pharmaceutical sector, Tetrafluoroethane is primarily used as a propellant in inhalable medications, making it integral to respiratory therapies. The rise in respiratory diseases and the aging population are driving the demand for pharmaceutical applications, thereby increasing the consumption of Tetrafluoroethane. Manufacturers are continually innovating to enhance the efficacy of drug formulation and delivery, ensuring precise dosing and patient compliance. This growing trend toward personalized medicine and advanced drug delivery systems is likely to further boost the pharmaceutical application of Tetrafluoroethane in the coming years.

Electronics:

Tetrafluoroethane plays a crucial role in the electronics industry, mainly used as a cleaning agent for electronic components and semiconductor devices. The increasing complexity and miniaturization of electronic circuits necessitate stringent cleaning processes, where Tetrafluoroethane provides high efficacy and safety. As global demand for consumer electronics and advanced technology products surges, the electronics application segment is expected to thrive. Additionally, the ongoing advancements in semiconductor technology are likely to increase the requirement for Tetrafluoroethane, further consolidating its position in this critical sector.

Foam Blowing:

Foam blowing is another significant application of Tetrafluoroethane, particularly in the production of polyurethane foams. The material is widely used in various industries, including construction, automotive, and furniture, due to its excellent insulation properties. As the demand for energy-efficient building materials and applications rises, the foam blowing application of Tetrafluoroethane is anticipated to experience substantial growth. Furthermore, innovations in foam technology that incorporate Tetrafluoroethane for improved performance will drive its adoption in this sector.

Others:

Additionally, Tetrafluoroethane finds applications across various other sectors, including aerosol propellants and specialty chemicals. Its versatility allows for use in multiple industrial processes where specific chemical properties are required. The growing trend of using eco-friendly solvents and propellants in diverse applications will likely open new markets for Tetrafluoroethane, supporting its demand across various industries. As regulatory frameworks evolve to emphasize sustainability and environmental responsibility, the 'Others' application segment is expected to become more prominent, showcasing Tetrafluoroethane's adaptability.

By Distribution Channel

Direct Sales:

Direct sales channels are a major method through which Tetrafluoroethane is distributed to end-users, including manufacturers and industries that require bulk supplies. This approach allows companies to build strong relationships with their clients, ensuring they meet specific requirements and standards. Direct sales channels provide more control over pricing and availability, thus enhancing customer satisfaction. Moreover, manufacturers can offer tailored solutions and technical support, which are crucial for industries that depend on high-purity and specialized chemical compounds. The trend towards direct relationships is expected to grow, particularly in sectors where reliability and quality assurance are paramount.

Indirect Sales:

Indirect sales channels involve intermediaries like distributors, wholesalers, and retailers that supply Tetrafluoroethane to a broader market. This approach allows for a wider reach and access to various customer segments that might not engage in direct purchasing. Indirect sales channels often provide flexibility, enabling smaller businesses to access Tetrafluoroethane without needing to engage directly with manufacturers. As industries increasingly look for comprehensive solutions and suppliers that can meet diverse needs, the indirect sales channel is likely to remain a vital part of the market, facilitating the distribution of Tetrafluoroethane across various sectors.

By Ingredient Type

95% Purity Tetrafluoroethane:

95% Purity Tetrafluoroethane serves as a versatile ingredient suitable for various industrial applications, including refrigeration and cleaning. While it may not be used in highly sensitive applications that require higher purity, it remains a dependable choice for general purpose use across many industries. The affordability of 95% Purity Tetrafluoroethane makes it an attractive option for businesses seeking cost-effective solutions without compromising on performance. This segment is particularly popular among manufacturers that prioritize budget constraints while still requiring a reliable chemical solution.

98% Purity Tetrafluoroethane:

98% Purity Tetrafluoroethane is commonly employed in applications that necessitate a higher degree of purity than 95%. Industries such as pharmaceuticals and electronics demand this level of purity for critical processes where contamination could have significant consequences. As quality standards become increasingly stringent, the demand for 98% Purity Tetrafluoroethane is expected to grow. Manufacturers are focusing on ensuring consistent quality and purity levels, thereby meeting the evolving needs of industries that rely on Tetrafluoroethane as a critical component in their production processes.

99% Purity Tetrafluoroethane:

For applications requiring even greater purity, 99% Purity Tetrafluoroethane is often the preferred choice. This ingredient is crucial in fields such as pharmaceuticals, electronics, and specialized industrial processes where minute impurities can lead to product failures or compromised effectiveness. The growing trend towards high-precision and performance-driven applications is supporting the demand for 99% Purity Tetrafluoroethane. Manufacturers are also investing in technologies that ensure the production of this high-purity variant, reflecting the increasing industry emphasis on quality assurance and compliance with stringent regulations.

99.9% Purity Tetrafluoroethane:

99.9% Purity Tetrafluoroethane represents the pinnacle of purity in the market and is critical for applications in the most demanding sectors, such as semiconductor manufacturing and high-end pharmaceuticals. The ultra-high purity level ensures minimal risk of contamination, which is paramount for processes that require absolute precision and reliability. As manufacturing technologies evolve and the need for high-performance materials intensifies, the demand for 99.9% Purity Tetrafluoroethane is expected to increase significantly. This segment is characterized by advanced production techniques and rigorous quality control measures to meet the highest industry standards.

Other Purity Levels:

Besides the primary purity levels mentioned, Tetrafluoroethane may also be available in other purity grades tailored to specific applications and industry requirements. This flexibility allows suppliers to cater to niche markets that may require customized formulations or purity levels. The availability of various purity options enables businesses to select the most suitable grade for their specific needs, ensuring optimal performance while balancing cost considerations. As industries continue to diversify and require more specialized solutions, the market for Other Purity Levels of Tetrafluoroethane is likely to expand, reflecting a growing trend toward customization and specificity in chemical supply.

By Region

The Tetrafluoroethane market exhibits diverse regional dynamics, with major regions contributing significantly to its overall growth. North America is anticipated to hold a substantial share of the market, driven by the advanced refrigeration and air conditioning industries. The increasing focus on energy-efficient solutions and the implementation of strict environmental regulations are expected to boost demand for Tetrafluoroethane in this region. In addition, the U.S. pharmaceutical and electronics sectors are crucial contributors to the regional growth, aligning with a projected CAGR of around 5.4% during the forecast period. Furthermore, the trend towards eco-friendly refrigerants is likely to encourage North American manufacturers to innovate and adapt to the changing regulatory landscape.

On the other hand, the Asia-Pacific region is set to experience rapid growth in the Tetrafluoroethane market, with a CAGR expected to exceed 6.0% during the same period. This growth is primarily fueled by the rapid urbanization and industrialization in countries like China and India, where there is a rising demand for refrigeration and air conditioning systems. Additionally, the expanding automotive and electronics sectors in this region are driving the consumption of various Tetrafluoroethane grades. The growing middle-class population in Asia Pacific is likely to propel the demand for consumer electronics and HVAC systems, thereby positively impacting the Tetrafluoroethane market.

Opportunities

The Tetrafluoroethane market is inundated with opportunities for growth and expansion, particularly in developing economies. As urbanization accelerates in regions like Asia-Pacific and Africa, the demand for air conditioning and refrigeration systems is set to rise rapidly. This presents a prime opportunity for manufacturers to capture emerging markets. The increasing awareness of energy efficiency and sustainable practices is prompting industries to move towards more advanced and eco-friendly refrigerants, such as Tetrafluoroethane. Furthermore, investments in infrastructure and the expansion of the cold chain logistics industry are anticipated to significantly drive demand in the food and beverage sector. With the global trend leaning towards environmentally safe refrigerants, companies are well-positioned to capitalize on innovative product development and diversification strategies.

Moreover, the pharmaceutical and electronics industries present lucrative opportunities for Tetrafluoroethane manufacturers. The ongoing advancements in drug delivery systems and the increasing complexity of electronic components necessitate high-purity Tetrafluoroethane for cleaning and propellant applications. As these sectors continue to grow, the demand for specialized grades of Tetrafluoroethane is expected to rise. Together with the regulatory push for more sustainable manufacturing practices, companies can leverage these trends to innovate and develop new applications for Tetrafluoroethane. By focusing on research and development, manufacturers can introduce advanced solutions that cater to the evolving needs of various industries, ensuring sustained market growth.

Threats

While the Tetrafluoroethane market offers numerous opportunities, it also faces several threats that could hinder growth. One of the primary threats stems from regulatory changes related to the use of hydrofluorocarbons (HFCs), as governments worldwide are increasingly imposing restrictions on substances that contribute to climate change. These regulations could compel manufacturers to transition to alternative refrigerants, potentially leading to a decline in Tetrafluoroethane demand. Additionally, the evolving landscape of environmental policies may create uncertainty for businesses operating in this sector, complicating strategic planning and investment decisions. Moreover, the growing awareness of sustainability and eco-friendliness among consumers is pushing companies to develop greener alternatives, presenting competition for conventional refrigerants, including Tetrafluoroethane.

Another threat to the Tetrafluoroethane market is the volatility of raw material prices. Fluctuations in the costs of feedstock and energy can adversely affect production expenses, compelling manufacturers to adjust pricing strategies that may impact their competitiveness. Additionally, the ongoing geopolitical tensions and supply chain disruptions due to global events, such as pandemics or trade conflicts, can pose a significant risk to the smooth operation of Tetrafluoroethane production and distribution networks. Companies must remain vigilant to market dynamics and implement risk mitigation strategies to ensure a resilient supply chain and maintain profitability amid these challenges.

Competitor Outlook

• Honeywell International Inc.
• Chemours Company
• Arkema S.A.
• Daikin Industries Ltd.
• Refrigerants Technologies, LLC
• Koura Global
• Mitsubishi Chemical Corporation
• Solvay S.A.
• Showa Denko K.K.
• AGC Chemicals Americas, Inc.
• EOS Climate, Inc.
• Fujikura Ltd.
• Jiangsu Meilan Chemical Co., Ltd.
• Daiwa Chemical Industries Co., Ltd.
• SABIC

The competitive landscape of the Tetrafluoroethane market is characterized by the presence of several key players actively engaged in producing, distributing, and innovating in the field of refrigerants. Companies are investing significantly in research and development to enhance product quality, efficiency, and compliance with environmental regulations. Their strategic initiatives include mergers and acquisitions aimed at expanding their product portfolios and geographical reach. The leading players understand the importance of adapting to changing regulatory environments and consumer preferences, prompting them to innovate and develop sustainable alternatives while ensuring they remain competitive in the market.

Honeywell International Inc. stands out as a prominent player in the Tetrafluoroethane market, leveraging its advanced technology and extensive distribution network to deliver high-quality products. The company's focus on sustainability and commitment to developing eco-friendly refrigerants position it favorably in the industry. Similarly, Chemours Company is recognized for its innovative solutions and robust market presence, particularly in the refrigeration sector. The firm's commitment to sustainability and its strategic partnerships with various industries further enhance its competitive edge.

Other notable companies, such as Daikin Industries Ltd. and Arkema S.A., are also playing key roles in the market. Daikin, known for its extensive range of HVAC systems, is continuously working on developing high-efficiency refrigerants, including Tetrafluoroethane, that comply with evolving regulatory standards. Meanwhile, Arkema focuses on providing specialty chemicals, including Tetrafluoroethane, emphasizing innovation and sustainability. These companies, along with others, are expected to shape the future of the Tetrafluoroethane market by responding effectively to market demands and regulatory challenges.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SABIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Arkema S.A.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Solvay S.A.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Koura Global
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Fujikura Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Chemours Company
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Showa Denko K.K.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 EOS Climate, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Daikin Industries Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 AGC Chemicals Americas, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Honeywell International Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Refrigerants Technologies, LLC
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Mitsubishi Chemical Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Jiangsu Meilan Chemical Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Daiwa Chemical Industries Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Tetrafluoroethane Market, By Application
    • 6.1.1 Refrigeration
    • 6.1.2 Pharmaceuticals
    • 6.1.3 Electronics
    • 6.1.4 Foam Blowing
    • 6.1.5 Others
  • 6.2 Tetrafluoroethane Market, By Product Type
    • 6.2.1 Refrigerant Grade Tetrafluoroethane
    • 6.2.2 Pharmaceutical Grade Tetrafluoroethane
    • 6.2.3 Industrial Grade Tetrafluoroethane
    • 6.2.4 Electronic Grade Tetrafluoroethane
    • 6.2.5 Specialty Grade Tetrafluoroethane
  • 6.3 Tetrafluoroethane Market, By Ingredient Type
    • 6.3.1 95% Purity Tetrafluoroethane
    • 6.3.2 98% Purity Tetrafluoroethane
    • 6.3.3 99% Purity Tetrafluoroethane
    • 6.3.4 99.9% Purity Tetrafluoroethane
    • 6.3.5 Other Purity Levels
  • 6.4 Tetrafluoroethane Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Tetrafluoroethane Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Tetrafluoroethane market is categorized based on

By Product Type

• Refrigerant Grade Tetrafluoroethane
• Pharmaceutical Grade Tetrafluoroethane
• Industrial Grade Tetrafluoroethane
• Electronic Grade Tetrafluoroethane
• Specialty Grade Tetrafluoroethane

By Application

• Refrigeration
• Pharmaceuticals
• Electronics
• Foam Blowing
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Ingredient Type

• 95% Purity Tetrafluoroethane
• 98% Purity Tetrafluoroethane
• 99% Purity Tetrafluoroethane
• 99.9% Purity Tetrafluoroethane
• Other Purity Levels

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Honeywell International Inc.
• Chemours Company
• Arkema S.A.
• Daikin Industries Ltd.
• Refrigerants Technologies, LLC
• Koura Global
• Mitsubishi Chemical Corporation
• Solvay S.A.
• Showa Denko K.K.
• AGC Chemicals Americas, Inc.
• EOS Climate, Inc.
• Fujikura Ltd.
• Jiangsu Meilan Chemical Co., Ltd.
• Daiwa Chemical Industries Co., Ltd.
• SABIC