Forecasts for the Refrigerant market suggest sustained growth over the coming decade. As noted, the market value is projected to grow from USD 21.5 billion in 2022 to around USD 37.40 billion by 2030. 
However, this growth is not without risk. Challenges include the transition to new refrigerant chemistries, cost of system redesigns, regulatory compliance, safety concerns (such as flammability or toxicity of new refrigerants) and supply-chain constraints. Suppliers and users who stay ahead of regulatory trends and system-compatibility issues will have the best chance of capitalising on the refrigerant market.