Market Overview:
The global tetrafluoroethane market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tetrafluoroethane from various applications, such as automotive air-conditioning, commercial refrigeration equipment, and domestic refrigeration equipment. Tetrafluoroethane is also used as a blowing agent in the manufacture of polyurethanes and other fluoropolymers.
Product Definition:
Tetrafluoroethane is an organic compound with the formula CF4. It is a colorless, odorless gas. Tetrafluoroethane has a number of commercial applications, including as a refrigerant and in aerosol cans.
PurityGreater than or equal to99.9%:
Tetrafluoroethane (TFE) is a non-fluorine based gas used in various applications such as electrical and electronic components, industrial process, and automotive industry. It has been observed that the growth of these end-use industries has increased over the past few years owing to growing consumer demand for high performance products with low maintenance costs. This factor is expected to drive global TFE market over the forecast period.
PurityBelow99.9%:
PurityBelow99.9% is a type of Fluorine which means that the content of any other element than Fluorine or Chemicals used to produce it has not been greater than 1%. It is also called Pure Fluorine, Nuclearfluorsium, or Iodide Iodide.
It can be produced by thermal decomposition (TAD) process using fluorocarbon feedstock and pure hydrogen gas as a catalyst.
Application Insights:
The automotive air-conditioning segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. The growing automobile industry across the globe is expected to drive demand for refrigerants, which, in turn, will fuel growth. Tetrafluoroethane is used as a replacement for R-134a as it has better heat transfer properties and does not damage car components like other refrigerants do.
Rising use of tetrafluoroethane in commercial refrigeration equipment such as cold storage rooms and freezers on account of its superior insulation properties will drive demand over the forecast period. In addition, it¢â‚¬â„¢s non-toxic nature makes it suitable for use in domestic refrigeration equipment such as household HVAC systems that contain hazardous chemicals with high evaporation rates that can pose a risk during manufacturing operations. This factor along with others will propel growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 59.1% in 2017, which can be attributed to high product consumption in various applications such as automotive air-conditioning, commercial refrigeration equipment, and domestic refrigeration equipment. Increasing population along with rising living standards have spurred the demand for consumer electronics across Asia Pacific countries such as China and India.
The growth of end-use industries has led to increased production levels of tetrafluoroethane across Asia Pacific region which is projected to positively impact industry growth over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as refrigeration, air conditioning, and foam insulation
- Growing popularity of fluorocarbon-based products in developing countries
- Technological advancements in the production process that improve efficiency and reduce environmental impact
- Rising awareness about the benefits of using fluorocarbons over traditional refrigerants
- Stringent regulations on greenhouse gas emissions driving the adoption of low-emitting alternatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Tetrafluoroethane Market Research Report
By Type
PurityGreater than or equal to99.9%, PurityBelow99.9%
By Application
Automotive Air-Conditioning, Commercial Refrigeration Equipment, Domestic Refrigeration Equipment
By Companies
Mexichem Fluor, Chemours, Honeywell, Linde Gas, Arkema, Juhua Group, Sinochem Taicang Chemical, Bailian, Dongyue Federation, Sanmei
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Tetrafluoroethane Market Report Segments:
The global Tetrafluoroethane market is segmented on the basis of:
Types
PurityGreater than or equal to99.9%, PurityBelow99.9%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Air-Conditioning, Commercial Refrigeration Equipment, Domestic Refrigeration Equipment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mexichem Fluor
- Chemours
- Honeywell
- Linde Gas
- Arkema
- Juhua Group
- Sinochem Taicang Chemical
- Bailian
- Dongyue Federation
- Sanmei
Highlights of The Tetrafluoroethane Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PurityGreater than or equal to99.9%
- PurityBelow99.9%
- By Application:
- Automotive Air-Conditioning
- Commercial Refrigeration Equipment
- Domestic Refrigeration Equipment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tetrafluoroethane Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tetrafluoroethane, or CFC-11, is a gas that was once used as an aerosol propellant in spray cans and other products. It has been banned by the United States and many other countries because it contributes to climate change.
Some of the major companies in the tetrafluoroethane market are Mexichem Fluor, Chemours, Honeywell, Linde Gas, Arkema, Juhua Group, Sinochem Taicang Chemical, Bailian, Dongyue Federation, Sanmei.
The tetrafluoroethane market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tetrafluoroethane Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tetrafluoroethane Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tetrafluoroethane Market - Supply Chain
4.5. Global Tetrafluoroethane Market Forecast
4.5.1. Tetrafluoroethane Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tetrafluoroethane Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tetrafluoroethane Market Absolute $ Opportunity
5. Global Tetrafluoroethane Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tetrafluoroethane Market Size and Volume Forecast by Type
5.3.1. PurityGreater than or equal to99.9%
5.3.2. PurityBelow99.9%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tetrafluoroethane Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tetrafluoroethane Market Size and Volume Forecast by Application
6.3.1. Automotive Air-Conditioning
6.3.2. Commercial Refrigeration Equipment
6.3.3. Domestic Refrigeration Equipment
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tetrafluoroethane Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tetrafluoroethane Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tetrafluoroethane Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tetrafluoroethane Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tetrafluoroethane Demand Share Forecast, 2019-2026
9. North America Tetrafluoroethane Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tetrafluoroethane Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tetrafluoroethane Market Size and Volume Forecast by Application
9.4.1. Automotive Air-Conditioning
9.4.2. Commercial Refrigeration Equipment
9.4.3. Domestic Refrigeration Equipment
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tetrafluoroethane Market Size and Volume Forecast by Type
9.7.1. PurityGreater than or equal to99.9%
9.7.2. PurityBelow99.9%
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tetrafluoroethane Demand Share Forecast, 2019-2026
10. Latin America Tetrafluoroethane Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tetrafluoroethane Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tetrafluoroethane Market Size and Volume Forecast by Application
10.4.1. Automotive Air-Conditioning
10.4.2. Commercial Refrigeration Equipment
10.4.3. Domestic Refrigeration Equipment
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tetrafluoroethane Market Size and Volume Forecast by Type
10.7.1. PurityGreater than or equal to99.9%
10.7.2. PurityBelow99.9%
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tetrafluoroethane Demand Share Forecast, 2019-2026
11. Europe Tetrafluoroethane Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tetrafluoroethane Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tetrafluoroethane Market Size and Volume Forecast by Application
11.4.1. Automotive Air-Conditioning
11.4.2. Commercial Refrigeration Equipment
11.4.3. Domestic Refrigeration Equipment
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tetrafluoroethane Market Size and Volume Forecast by Type
11.7.1. PurityGreater than or equal to99.9%
11.7.2. PurityBelow99.9%
11.8. Basis Point Share (BPS) Analysis y Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tetrafluoroethane Demand Share, 2019-2026
12. Asia Pacific Tetrafluoroethane Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tetrafluoroethane Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tetrafluoroethane Market Size and Volume Forecast by Application
12.4.1. Automotive Air-Conditioning
12.4.2. Commercial Refrigeration Equipment
12.4.3. Domestic Refrigeration Equipment
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tetrafluoroethane Market Size and Volume Forecast by Type
12.7.1. PurityGreater than or equal to99.9%
12.7.2. PurityBelow99.9%
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tetrafluoroethane Demand Share, 2019-2026
13. Middle East & Africa Tetrafluoroethane Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tetrafluoroethane Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tetrafluoroethane Market Size and Volume Forecast by Application
13.4.1. Automotive Air-Conditioning
13.4.2. Commercial Refrigeration Equipment
13.4.3. Domestic Refrigeration Equipment
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tetrafluoroethane Market Size and Volume Forecast by Type
13.7.1. PurityGreater than or equal to99.9%
13.7.2. PurityBelow99.9%
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tetrafluoroethane Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tetrafluoroethane Market: Market Share Analysis
14.2. Tetrafluoroethane Distributors and Customers
14.3. Tetrafluoroethane Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mexichem Fluor
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chemours
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Honeywell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Linde Gas
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Arkema
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Juhua Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinochem Taicang Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bailian
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dongyue Federation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sanmei
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook