Market Overview:
The global octafluoropropane 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 semiconductors, refrigerants, medical gases and other applications. Octafluoropropane is a colorless gas with a faint ethereal odor. It has a boiling point of −45°C and freezes at −183°C.
Product Definition:
Octafluoropropane is a fluorocarbon compound with the formula C3F8. It is a colorless gas with a faintly sweet odor. It occurs as a by-product of Teflon production and has been used as an inert gas in welding and other industrial applications.
99.99% Purity:
99.99% purity is a term used for the concentration of a substance, which means that there are no other substances present in the product than the stated quantity. In pharmaceutical industry 99.99% purity usually refers to final products such as tablets or capsules and does not refer to raw materials such as ingredients or components.
99.999% Purity:
99.999% purity or very nearly so is a term used for substances which contain no impurities in them. It means that the substance under consideration can be consumed by any organism without causing harm to the human race as it would be impossible to find any contaminant even at the risk of exhaustive research being carried out on it.
Application Insights:
Semiconductor emerged as the dominant application segment and accounted for a market share of over 35% in terms of revenue in 2017. The product is used as an etchant in semiconductor manufacturing, which helps remove any surface contamination that may hamper the performance of integrated circuits. It is also used to clean thermal interface material from heat spreaders and heat sinks during production stages of electronic devices.
Octafluoropropane is widely utilized across various industries including refrigeration & air conditioning, medical equipment & supplies, electronics and others on account of its properties such as high purity level (99.999%), low toxicity levels (less than 0.1% v/v).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for over 45% of the global demand. The region is anticipated to witness significant growth on account of rapid industrialization, increasing per capita income levels, and changing lifestyle. China emerged as a major consumer owing to its large-scale production of electronics products along with growing end-use industries such as semiconductors and refrigeration & air conditioning systems.
Europe also held a considerable share in the industry due to high demand from several key countries including Germany, France, Italy, U.K., Spain among others which are majorly driven by technological advancements coupled with rising disposable incomes especially among middle class population groups thereon affecting overall industry growth positively over the forecast period.
Growth Factors:
- Increasing demand for octafluoropropane in various end-use industries such as electronics, aerospace, and automotive due to its unique properties such as thermal stability, non-flammability, and chemical inertness.
- Rising demand for octafluoropropane from developing countries owing to the growth of their economies and the expansion of their manufacturing sectors.
- Growing use of octafluoropropane as a blowing agent in the manufacture of polyurethanes and other fluoropolymers owing to its superior thermal insulation properties compared with other blowing agents available in the market.
- Increasing investments by key players in R&D activities to develop new applications for octafluoropropane across different industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Octafluoropropane Market Research Report
By Type
99.99% Purity, 99.999% Purity
By Application
Semiconductor, Refrigerant, Medical, Other
By Companies
Praxair, SHOWA DENKO, Kanto Denka Kogyo, Air Liquide, Linde Gas, Guangdong Huate Gas, Fujian Yongjing Technology, Dalian Special Gases, Praxair
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Octafluoropropane Market Report Segments:
The global Octafluoropropane market is segmented on the basis of:
Types
99.99% Purity, 99.999% 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
Semiconductor, Refrigerant, Medical, 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:
- Praxair
- SHOWA DENKO
- Kanto Denka Kogyo
- Air Liquide
- Linde Gas
- Guangdong Huate Gas
- Fujian Yongjing Technology
- Dalian Special Gases
- Praxair
Highlights of The Octafluoropropane 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:
- 99.99% Purity
- 99.999% Purity
- By Application:
- Semiconductor
- Refrigerant
- Medical
- 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 Octafluoropropane 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?
Octafluoropropane is a chemical compound with the formula C8F18. It is a colorless, volatile, flammable gas that has been used as an industrial and military propellant.
Some of the major players in the octafluoropropane market are Praxair, SHOWA DENKO, Kanto Denka Kogyo, Air Liquide, Linde Gas, Guangdong Huate Gas, Fujian Yongjing Technology, Dalian Special Gases, Praxair.
The octafluoropropane market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Octafluoropropane 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 Octafluoropropane Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Octafluoropropane 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 Octafluoropropane 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 Octafluoropropane Market Size & Forecast, 2020-2028
4.5.1 Octafluoropropane Market Size and Y-o-Y Growth
4.5.2 Octafluoropropane 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 99.99% Purity
5.2.2 99.999% 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 Semiconductor
6.2.2 Refrigerant
6.2.3 Medical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Octafluoropropane 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 Octafluoropropane 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 99.99% Purity
9.6.2 99.999% 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 Semiconductor
9.10.2 Refrigerant
9.10.3 Medical
9.10.4 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 99.99% Purity
10.6.2 99.999% 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 Semiconductor
10.10.2 Refrigerant
10.10.3 Medical
10.10.4 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 99.99% Purity
11.6.2 99.999% 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 Semiconductor
11.10.2 Refrigerant
11.10.3 Medical
11.10.4 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 99.99% Purity
12.6.2 99.999% 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 Semiconductor
12.10.2 Refrigerant
12.10.3 Medical
12.10.4 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 99.99% Purity
13.6.2 99.999% 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 Semiconductor
13.10.2 Refrigerant
13.10.3 Medical
13.10.4 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 Octafluoropropane Market: Competitive Dashboard
14.2 Global Octafluoropropane Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Praxair
14.3.2 SHOWA DENKO
14.3.3 Kanto Denka Kogyo
14.3.4 Air Liquide
14.3.5 Linde Gas
14.3.6 Guangdong Huate Gas
14.3.7 Fujian Yongjing Technology
14.3.8 Dalian Special Gases
14.3.9 Praxair
