Market Overview:
The global HFA medical propellants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for HFA medical propellants in various applications, such as medical aerosols and other applications. In terms of type, the HFC134a segment is expected to lead the global HFA medical propellants market during the forecast period. This can be attributed to its high demand in various end-use applications, such as inhalers and metered dose inhalers (MDIs). In terms of region, North America is expected to lead the global HFA medical propellants market during the forecast period.
Product Definition:
An HFA medical propellant is a type of inhaler medication that is used to deliver asthma medications to the lungs. These propellants are important because they help to ensure that the medication reaches its target and is effective in treating asthma symptoms.
HFC134a:
HFC134a, also known as 1-Hydroxyethylidene Dioxygenase (HED), is an enzyme that catalyzes the conversion of HFOs to HFS. It is widely used in medical propellants owing to its property of being a key component for formulating liquid oxygen and rocket fuels.
HFC152a:
HFC 152a is a non-halogenated hydrofluorocarbon used as propellant in HFA medical products. It has been approved by the U.S. FDA and EU for its usage as a food additive, however, it is not currently being utilized in any other application due to the lack of commercial availability of substitutes with similar properties and lower costs.
Application Insights:
The other application segment includes food and beverages, personal care products, automotive air fresheners and deodorizers, household cleaners and disinfectants among others. The demand for propellants in this segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to the increasing use of HFA medical aerosol in various applications including hair spray for men and women as well as children; body sprays; room fresheners; fabric softeners/conditioners; air purifiers/conditioners (for residential & commercial use); candles (paraffin) among others.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Increasing military operations and acts of terrorism are some of the key factors responsible for maintaining this dominance. Presence of developed economies, such as U.S., Canada, and Mexico, coupled with high spending power is also supporting regional growth.
Asia Pacific HFA propellants market is anticipated to grow at a lucrative rate over the forecast period owing to increasing demand from emerging countries like India.
Growth Factors:
- Increasing demand for HFA medical propellants in the global market due to its properties such as non-flammable and non-toxic.
- Growing demand for HFA medical propellants from the pharmaceutical and healthcare sectors owing to its ability to improve drug delivery.
- Rising popularity of HFA medical propellants among patients owing to its negligible side effects.
- Technological advancements in the field of aerosol technology that is expected to fuel the growth of the global HFA medical propellants market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
HFA Medical Propellants Market Research Report
By Type
HFC134a, HFC152a, HFC227ea, Other
By Application
Medical Aerosol, Other
By Companies
Mexichem Fluor, Daikin, Linde Gas, SRF, Mexichem Fluor
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global HFA Medical Propellants Market Report Segments:
The global HFA Medical Propellants market is segmented on the basis of:
Types
HFC134a, HFC152a, HFC227ea, Other
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
Medical Aerosol, 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:
- Mexichem Fluor
- Daikin
- Linde Gas
- SRF
- Mexichem Fluor
Highlights of The HFA Medical Propellants 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:
- HFC134a
- HFC152a
- HFC227ea
- Other
- By Application:
- Medical Aerosol
- 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 HFA Medical Propellants 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?
HFA medical propellants are a type of compressed gas used in various medical devices. These gases are often used to provide the necessary pressure and flow needed for certain procedures, such as surgery.
Some of the key players operating in the hfa medical propellants market are Mexichem Fluor, Daikin, Linde Gas, SRF, Mexichem Fluor.
The hfa medical propellants 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 HFA Medical Propellants 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 HFA Medical Propellants Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 HFA Medical Propellants 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 HFA Medical Propellants 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 HFA Medical Propellants Market Size & Forecast, 2018-2028 4.5.1 HFA Medical Propellants Market Size and Y-o-Y Growth 4.5.2 HFA Medical Propellants Market Absolute $ Opportunity
Chapter 5 Global HFA Medical Propellants 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 HFA Medical Propellants Market Size Forecast by Type
5.2.1 HFC134a
5.2.2 HFC152a
5.2.3 HFC227ea
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HFA Medical Propellants 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 HFA Medical Propellants Market Size Forecast by Applications
6.2.1 Medical Aerosol
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HFA Medical Propellants 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 HFA Medical Propellants 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 HFA Medical Propellants Analysis and Forecast
9.1 Introduction
9.2 North America HFA Medical Propellants 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 HFA Medical Propellants Market Size Forecast by Type
9.6.1 HFC134a
9.6.2 HFC152a
9.6.3 HFC227ea
9.6.4 Other
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 HFA Medical Propellants Market Size Forecast by Applications
9.10.1 Medical Aerosol
9.10.2 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 HFA Medical Propellants Analysis and Forecast
10.1 Introduction
10.2 Europe HFA Medical Propellants 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 HFA Medical Propellants Market Size Forecast by Type
10.6.1 HFC134a
10.6.2 HFC152a
10.6.3 HFC227ea
10.6.4 Other
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 HFA Medical Propellants Market Size Forecast by Applications
10.10.1 Medical Aerosol
10.10.2 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 HFA Medical Propellants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HFA Medical Propellants 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 HFA Medical Propellants Market Size Forecast by Type
11.6.1 HFC134a
11.6.2 HFC152a
11.6.3 HFC227ea
11.6.4 Other
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 HFA Medical Propellants Market Size Forecast by Applications
11.10.1 Medical Aerosol
11.10.2 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 HFA Medical Propellants Analysis and Forecast
12.1 Introduction
12.2 Latin America HFA Medical Propellants 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 HFA Medical Propellants Market Size Forecast by Type
12.6.1 HFC134a
12.6.2 HFC152a
12.6.3 HFC227ea
12.6.4 Other
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 HFA Medical Propellants Market Size Forecast by Applications
12.10.1 Medical Aerosol
12.10.2 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) HFA Medical Propellants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HFA Medical Propellants 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) HFA Medical Propellants Market Size Forecast by Type
13.6.1 HFC134a
13.6.2 HFC152a
13.6.3 HFC227ea
13.6.4 Other
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) HFA Medical Propellants Market Size Forecast by Applications
13.10.1 Medical Aerosol
13.10.2 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 HFA Medical Propellants Market: Competitive Dashboard
14.2 Global HFA Medical Propellants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mexichem Fluor
14.3.2 Daikin
14.3.3 Linde Gas
14.3.4 SRF
14.3.5 Mexichem Fluor