Market Overview:
The global hydrofluorocarbons (HFCs) market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the HFCs market can be attributed to the increasing demand for refrigeration and air conditioning applications across the globe. The HFC R-134A segment is projected to lead the global HFCs market during the forecast period. This segment is expected to grow at a CAGR of X.X% from 2018 to 2030. The high demand for this product can be attributed its properties such as low toxicity, non-flammability, and environmental friendliness. In terms of application, the refrigeration segment accounted for a major share of the global HFCs market in 2017 and is projected to grow at a CAGR of X.
Product Definition:
Hydrofluorocarbons (HFCs) are greenhouse gases that are used in a variety of applications, including air conditioning and refrigeration. HFCs do not contribute to the depletion of the ozone layer and have a much lower global warming potential than other greenhouse gases.
HFC R-134A:
R-134A is a Hydrofluorocarbon (HFC) with greenhouse gas emissions. It has been used as an aerosol propellant and in refrigerators & air conditioners. R-134a was phased out by most countries due to the adoption of HFCs with zero Ozone Depletion Potential (ODP) or Global Warming Potential (GWP).
HFC R-410A:
HFC R-410A is a Hydrofluorocarbon used in refrigerants. It has similar properties to that of chlorofluorocarbons but with one major difference, it does not deplete the ozone layer like other refrigerants do. Owing to this unique characteristic, HFC R- 410A emerged as an ideal substitute for CFCs and HCFCs which were previously used as refrigerants globally.
Application Insights:
The global hydrofluorocarbons (HFC) market is segmented on the basis of application into refrigeration, air conditioning and other applications. The refrigeration segment dominated the overall industry in terms of revenue share in 2017. This can be attributed to increasing demand for HFC-free products from developing economies such as India, China and Brazil. Moreover, stringent regulations pertaining to greenhouses gas emissions are expected to drive this application further over the forecast period thereby driving growth across all regions globally.
Air conditioning is projected to witness significant growth over the forecast period owing to rising demand for HFC-based aerosol products such as hairsprays, deodorants and shaving creams among others which have been gaining popularity due their environmental friendliness along with offering better cooling performance than conventional counterparts do. In addition, growing urbanization has resulted in an increased need for effective air conditioners which will also propel industry expansion over the coming years globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to rapid industrialization, presence of key manufacturers such as Samsung, LG Chem, and HEG Corporation along with rising demand for HFC-based refrigerants from various end-use industries such as automotive, construction & housing.
The European market was valued at USD X billion in 2017 owing to stringent regulations on hydrofluorocarbon (HFC) emissions by the European Union (EU). In 2015, EU member states proposed phasing out or reducing use of these gases by 2030 under current legislation; however this may take longer if there is no agreement on new laws regarding climate change mitigation before 2020.
Growth Factors:
- Increasing demand for refrigeration and air conditioning in developing countries
- Stringent environmental regulations on ozone-depleting substances (ODS)
- Rising prices of alternative refrigerants such as ammonia and hydrocarbons
- Development of new applications for HFCs in the automotive sector
- Growing demand from the electronics sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrofluorocarbons Market Research Report
By Type
HFC R-134A, HFC R-410A, HFC R-407C, HFC R-401A, HFC R-143A, HFC R-404A, Others
By Application
Refrigeration, Air Conditioning
By Companies
Arkema SA, Daikin Industries Ltd., Airgas Inc., E.I. DU Pont De Nemours & Co., Honeywell International Inc., Sinochem Group, Dongyue Group Ltd., Solvay S.A., Shandong Yuean Chemical Industry Co., Linde A.G., Arkema SA
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Hydrofluorocarbons Market Report Segments:
The global Hydrofluorocarbons market is segmented on the basis of:
Types
HFC R-134A, HFC R-410A, HFC R-407C, HFC R-401A, HFC R-143A, HFC R-404A, Others
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
Refrigeration, Air Conditioning
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:
- Arkema SA
- Daikin Industries Ltd.
- Airgas Inc.
- E.I. DU Pont De Nemours & Co.
- Honeywell International Inc.
- Sinochem Group
- Dongyue Group Ltd.
- Solvay S.A.
- Shandong Yuean Chemical Industry Co.
- Linde A.G.
- Arkema SA
Highlights of The Hydrofluorocarbons 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:
- HFC R-134A
- HFC R-410A
- HFC R-407C
- HFC R-401A
- HFC R-143A
- HFC R-404A
- Others
- By Application:
- Refrigeration
- Air Conditioning
- 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 Hydrofluorocarbons 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?
Hydrofluorocarbons (HFCs) are a type of climate-changing gas that is 25,000 times more potent than carbon dioxide when it comes to trapping heat in the atmosphere. They are also known as "the refrigerant of the future." HFCs have been used for decades as aerosols and solvents, but their use has increased in recent years because they do not release greenhouse gases when they break down.
Some of the key players operating in the hydrofluorocarbons market are Arkema SA, Daikin Industries Ltd., Airgas Inc., E.I. DU Pont De Nemours & Co., Honeywell International Inc., Sinochem Group, Dongyue Group Ltd., Solvay S.A., Shandong Yuean Chemical Industry Co., Linde A.G., Arkema SA.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrofluorocarbons 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 Hydrofluorocarbons Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrofluorocarbons 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 Hydrofluorocarbons 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 Hydrofluorocarbons Market Size & Forecast, 2020-2028
4.5.1 Hydrofluorocarbons Market Size and Y-o-Y Growth
4.5.2 Hydrofluorocarbons 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 HFC R-134A
5.2.2 HFC R-410A
5.2.3 HFC R-407C
5.2.4 HFC R-401A
5.2.5 HFC R-143A
5.2.6 HFC R-404A
5.2.7 Others
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 Refrigeration
6.2.2 Air Conditioning
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrofluorocarbons 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 Hydrofluorocarbons 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 HFC R-134A
9.6.2 HFC R-410A
9.6.3 HFC R-407C
9.6.4 HFC R-401A
9.6.5 HFC R-143A
9.6.6 HFC R-404A
9.6.7 Others
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 Refrigeration
9.10.2 Air Conditioning
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 HFC R-134A
10.6.2 HFC R-410A
10.6.3 HFC R-407C
10.6.4 HFC R-401A
10.6.5 HFC R-143A
10.6.6 HFC R-404A
10.6.7 Others
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 Refrigeration
10.10.2 Air Conditioning
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 HFC R-134A
11.6.2 HFC R-410A
11.6.3 HFC R-407C
11.6.4 HFC R-401A
11.6.5 HFC R-143A
11.6.6 HFC R-404A
11.6.7 Others
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 Refrigeration
11.10.2 Air Conditioning
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 HFC R-134A
12.6.2 HFC R-410A
12.6.3 HFC R-407C
12.6.4 HFC R-401A
12.6.5 HFC R-143A
12.6.6 HFC R-404A
12.6.7 Others
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 Refrigeration
12.10.2 Air Conditioning
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 HFC R-134A
13.6.2 HFC R-410A
13.6.3 HFC R-407C
13.6.4 HFC R-401A
13.6.5 HFC R-143A
13.6.6 HFC R-404A
13.6.7 Others
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 Refrigeration
13.10.2 Air Conditioning
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 Hydrofluorocarbons Market: Competitive Dashboard
14.2 Global Hydrofluorocarbons Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema SA
14.3.2 Daikin Industries Ltd.
14.3.3 Airgas Inc.
14.3.4 E.I. DU Pont De Nemours & Co.
14.3.5 Honeywell International Inc.
14.3.6 Sinochem Group
14.3.7 Dongyue Group Ltd.
14.3.8 Solvay S.A.
14.3.9 Shandong Yuean Chemical Industry Co.
14.3.10 Linde A.G.
14.3.11 Arkema SA
