Market Overview:
The global difluoromethane 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 difluoromethane in various applications such as electronics, refrigerant, and others. Additionally, factors such as rising demand from developing countries and technological advancements are also contributing to the growth of this market. However, volatility in prices of raw materials is restraining the growth of this market. On the basis of type, 99.999% purity segment is expected to hold a major share in terms of revenue in 2018 and is projected to grow at a CAGR of 5%.
Product Definition:
Difluoromethane is a colorless gas with a mildly sweet odor. It is used as an industrial solvent and propellant.
99.999% Purity:
99.999% purity is a very high level of purity, which means that there are no other materials but the specified material in the entire container. It's used as an industrial solvent and for manufacturing perfumes, cleaning products and pharmaceuticals among others. 99% pure substance means that it can be taken internally without any harmful effects on human health whereas 100% pure substance has no impurities at all.
99.99% Purity:
99.99% purity is a very high quality grade of Difluoromethane (DFM). It has no major impurities and the molecular weight is more than 4,000. The product has been used as an industrial gas for many years and it is also extensively utilized in the production of polyurethanes, foams & coatings, adhesives & sealants and printing inks among others industries.
Application Insights:
The global demand for difluoromethanes has witnessed a paradigm shift due to rising applications in refrigerants, electronics and other sectors. The refrigerant application segment accounted for the largest market share of over 30% in 2017. This is attributed to the high-temperature resistance offered by these compounds which makes them suitable as a working fluid in heat transfer equipment such as chillers and compressors used in air conditioners & cooling systems.
Difluoromethane is also widely used as an industrial solvent owing to its low boiling point (34°C) along with properties such as non-corrosive nature, chemical stability and ease of handling that make it suitable across various end-use industries including oil & gas, automotive/transportation lubrication services among others.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising product demand from various end-use industries, such as electronics, refrigerants and other. China emerged as a major consumer of Difluoromethane in Asia Pacific owing to rapid industrialization along with increasing foreign investments in this country.
The Middle East & Africa region is projected to witness significant growth over the next eight years due to increasing oil production activities coupled with growing electronic industry across countries like Saudi Arabia and UAE. In addition, rising government initiatives for economic development are likely boost product demand across several applications including electronics, refrigerants among others during the forecast period.
Growth Factors:
- Increasing demand for refrigerants in the automotive and industrial sectors
- Growing awareness about the benefits of using fluorinated gases as refrigerants
- Technological advancements in the manufacturing of fluorocarbon-based products
- Rising demand for air conditioning systems in developing countries
- Stringent environmental regulations to promote use of environmentally friendly refrigerants
Scope Of The Report
Report Attributes
Report Details
Report Title
Difluoromethane Market Research Report
By Type
99.999% Purity, 99.99% Purity, 99.9% Purity
By Application
Electronics, Refrigerant, Other
By Companies
Kanto Denka Kogyo, Air Liquide, Arkema, Praxair, Linde, Zhejiang Sanmei Chemical, Guangdong Huate Gas, Showa Denko, Kanto Denka Kogyo
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Difluoromethane Market Report Segments:
The global Difluoromethane market is segmented on the basis of:
Types
99.999% Purity, 99.99% Purity, 99.9% Purity
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
Electronics, Refrigerant, Other
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:
- Kanto Denka Kogyo
- Air Liquide
- Arkema
- Praxair
- Linde
- Zhejiang Sanmei Chemical
- Guangdong Huate Gas
- Showa Denko
- Kanto Denka Kogyo
Highlights of The Difluoromethane 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:
- 99.999% Purity
- 99.99% Purity
- 99.9% Purity
- By Application:
- Electronics
- Refrigerant
- Other
- 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 Difluoromethane 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
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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?
Difluoromethane is a gas with the chemical formula CF2. It is a colorless, odorless, and non-toxic compound.
Some of the major companies in the difluoromethane market are Kanto Denka Kogyo, Air Liquide, Arkema, Praxair, Linde, Zhejiang Sanmei Chemical, Guangdong Huate Gas, Showa Denko, Kanto Denka Kogyo.
The difluoromethane market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Difluoromethane Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Difluoromethane Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Difluoromethane Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Difluoromethane Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Difluoromethane Market Size & Forecast, 2020-2028
4.5.1 Difluoromethane Market Size and Y-o-Y Growth
4.5.2 Difluoromethane Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 99.999% Purity
5.2.2 99.99% Purity
5.2.3 99.9% Purity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronics
6.2.2 Refrigerant
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Difluoromethane Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Difluoromethane Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 99.999% Purity
9.6.2 99.99% Purity
9.6.3 99.9% Purity
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronics
9.10.2 Refrigerant
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 99.999% Purity
10.6.2 99.99% Purity
10.6.3 99.9% Purity
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronics
10.10.2 Refrigerant
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 99.999% Purity
11.6.2 99.99% Purity
11.6.3 99.9% Purity
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronics
11.10.2 Refrigerant
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 99.999% Purity
12.6.2 99.99% Purity
12.6.3 99.9% Purity
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronics
12.10.2 Refrigerant
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 99.999% Purity
13.6.2 99.99% Purity
13.6.3 99.9% Purity
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronics
13.10.2 Refrigerant
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Difluoromethane Market: Competitive Dashboard
14.2 Global Difluoromethane Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kanto Denka Kogyo
14.3.2 Air Liquide
14.3.3 Arkema
14.3.4 Praxair
14.3.5 Linde
14.3.6 Zhejiang Sanmei Chemical
14.3.7 Guangdong Huate Gas
14.3.8 Showa Denko
14.3.9 Kanto Denka Kogyo
