Hydrofluoroolefin (HFO) Market (Product: HFO-1234ze, HFO-1234yf, HFO-1233zd, HFO-1336mzz, Others; Application: Commercial Refrigeration, Domestic Refrigeration, Foam Blowing Agents, Aerosol Propellants, Mobile Air-Conditioning Systems (MACs), Precision Solvent Cleaners, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2023

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 131

Hydrofluoroolefins (HFOs) are the combination of components such as fluorine, carbon compounds and hydrogen analogous to hydrofluorocarbons (HFCs); however they are structurally dissimilar from each other. Also, HFCs are saturated compounds whereas HFOs are unsaturated compounds. HFOs have very small atmospheric lifetime and also, are prominent to distinct environmental assistances. HFO fulfills all the regulation that spread over to the use and supply of chemicals, comprising REACH (regulation) in the European Union. Fourth generation of refrigerants is HFOs; every generation have step-change enhancement over the previous generation. HFO when compared with HFCs, display similar kind of properties, but with very low zero ozone depletion potential (ODP) and global warming potential (GWPs). 
Market Dynamics
Exceptionally low GWP of HFOs when compared over HFCs and Hydrochlorofluorocarbons (HCFCs) and few facility amendments for transition from HCFCs are some of the major factors driving the growth of this market. In addition, EU regulations phasing out HFO from other fluorinated greenhouse gases and low to mild flammability property are also contributing to the growth of this market. Only restraining factor associated with HFOs is high cost of HFOs. An improved attention on developing substitute for HCFCs and HFCs and growing application in foam blowing and refrigeration are the key trends in this market. Favorable environmental regulations and HFO combination with water and hydrocarbon are expected to propel the growth of this market in near future.
Market Segment Overview
Based on application, the largest share of global hydrofluoroolefins market was held by foam blowing, in 2016 and is estimated to continue its dominance throughout the forecast period. Polyurethane foam is manufactured as blowing agent using HFOs and is broadly used in construction and automobile segments in the form of elastic and rigid foams. Mobile air-conditioning application segment is anticipated to be fastest growing market over the forecast period. The progression in aforementioned segment is chiefly attributed to Environmental Protection Agency’s (EPA’s), and Significant New Alternative Policy (SNAP) program. Based on product, hydrofluoroolefins (HFOs) market was dominated by HFO-1234yf and is also estimated to dominate the market over forecast period. Penetration in foam blowing segment is driven by highly accepted refrigerant in mobile air conditioning and industrial refrigeration. Geographically, it is observed that North America led the hydrofluoroolefins (HFOs) market in 2016 and is estimated to further dominate throughout the forecast period. Also, stringent environmental regulations in this region are further attributed to lead the market growth of hydrofluoroolefins (HFOs) by replacing HFCs and HCFCs.

Report coverage


 Global Hydrofluoroolefin Market

Analysis Period

2013 – 2023

Historic Data

2013 – 2015

Base Year


Forecast Data

2017 – 2023

Market Stratification

Product, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and South America

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

The market research study on “Hydrofluoroolefin (HFO) Market (Product: HFO-1234ze, HFO-1234yf, HFO-1233zd, HFO-1336mzz, Others; Application: Commercial Refrigeration, Domestic Refrigeration, Foam Blowing Agents, Aerosol Propellants, Mobile Air-Conditioning Systems (MACs), Precision Solvent Cleaners, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2017 - 2023” offers a detailed study on the hydrofluoroolefins (HFOs) market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact analysis are provided. Information about Porter's five forces analysis is also mentioned. The report provides insight on global hydrofluoroolefins (HFOs) market, its product, application, and major geographic regions. Secondly, the report covers the global hydrofluoroolefins 
(HFOs) market size, and the segment markets by product, application, and geography along with the information on companies operating in the market. The hydrofluoroolefins (HFOs) market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and South America. For each region, the market sizes for different segments have been covered under the scope of report. There are large numbers of hydrofluoroolefins (HFOs) manufacturers present in the market. Some of the key manufacturers Lambiotte and Cie S.A/N.V, Solvay S.A., Haltermann Carless Deutschland GmbH, The Linde Group, The Chemours Company, DowDuPont Inc., Honeywell International Inc., Arkema S.A. Corporation, Foam Supplies, Inc., and Danfoss A/S, among others.
The global hydrofluoroolefins (HFOs) market is segmented as below:
Market Segmentation
Market By Product
  • HFO-1234ze
  • HFO-1234yf
  • HFO-1233zd
  • HFO-1336mzz
  • Others 
Market By Application
  • Commercial Refrigeration
  • Domestic Refrigeration
  • Foam Blowing Agents
    • PU Spray
    • Rigid PUF Injected
    • Rigid PUF Continuous Laminate/ Boardstock
    • Rigid PUF Residential Appliances
    • XPS
    • Others
  • Aerosol Propellants
  • Mobile Air-Conditioning Systems (MACs)
  • Precision Solvent Cleaners
  • Others
Market By Geography
  • North America
    • U.S.
    • Canada 
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe 
  • Asia-Pacific
    • Japan
    • India
    • China
    • Australia
    • Rest of Asia-Pacific
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • Kuwait
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Related Reports

Compressor Oil Market (By Compressor Oil Type - Positive Displacement Compressor, Dynamic Compressor; By Base Oil - Synthetic, Semi-Synthetic, Mineral, Bio-Based; By End-User - Manufacturing, Oil & Gas, Power Generation, Automotive, Other Industries) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction The global compressor oil market is project worth USD 6.4 Billion by 2026 and the market is projected to showcase 5.4% CAGR during the forecast period. The market is driven by increasing industrial sector in the Asia Pacific and Middle East is expected to boost the need for compressor oils during the forthcoming years.

Natural Zeolites Market (By Application - Construction Materials, Animal Feed, Soil Remediation, Others) - Global Industry Size, Share, Trends and Forecast 2018-2026

Introduction The global natural zeolites market is project worth $7.2 Billion in 2026 and the market is projected to showcase 3.2% CAGR during the forecast period. Construction industry all across the world is growing with rapid pace owing to increase in population base and also growing need for better and efficient construction infrastructure. Both the factors drive the need fo

Carbon Nanotubes Market (By Type - Single-Walled Carbon Nanotubes, Multi-Walled Carbon Nanotubes; Market By Application - Structural Polymer, Conductive Polymer, Metal Matrix Composites, Li-ion Battery Electrodes, Conductive Adhesives; Market By End User - Aerospace & Defense, Electricals & Electronics, Energy, Automotive, Automotive) - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction Carbon nanotubes (CNTs) are allotropes of carbon with a cylindrical nanostructure and are used in a number of application including manufacturing of conductive polymer, metal matrix composites, li-ion battery electrodes, conductive adhesives, and others. The material's exceptional strength and stiffness, these nanotubes have been constructed with length-to-diame

Blowing Agents Market (By Foam Type - Polyurethane Foam, Phenolic Foam, Polystyrene Foam; Market By Product Type - Hydrofluorocarbons (HFCs), Hydrochlorofluorocarbons (HCFCs), Hydrocarbons (HCs); Market By Application - Building and Construction, Automotive, Furniture, Apparel, Packaging, Appliances) - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction A blowing agent is a substance which has the capability to produce a cellular structure. This agent is in liquid form which is then converted to the foam. The cellular structure in a matrix helps in minimizing the density, increasing acoustic and thermal insulation. A number of different foam types are used which includes polyurethane foam, phenolic foam, polystyren

Aviation Adhesives and Sealants Market (By Technology - Solvent Based and Water Based; Market By Resins - Epoxy, Silicon, and PU; Market By Product - Adhesives and Sealant; Market By End-User - General Aviation, Commercial, Military) - Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction Adhesives which is normally referred as glues are the substances which have capacity of forming a bond between two surfaces and maintaining the bond very confidently. Whereas, sealants are the substances which are just like the filler materials in the gaps or joints between two materials to prevent the passage of fluids. There is increasing demand for high performan

Metallic Stearate Market (By Product Type- Zinc Stearate, Calcium Stearate, Aluminium Stearate, Magnesium Stearate, Market By Form- Fine Power, Pellet/Granular, Flakes, Aqueous Stearate Dispersions, Market By End Use- Building And Construction, Paper & Pulp Industry, Pharmaceutical, Lubricants, Polymer & Rubber Industry, Cosmetics & Personal Care, Mining & Metallurgy, Paints And Coatings, Food And Beverage Industry)- Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction Metallic stearates are long chain fatty acid compounds used for a wide array of applications. Being their versatile properties such as separating properties, water repellence, stabilising, gelling, foam inhibition, and others they are widely used in cosmetics and personal care, mining and metallurgy, paints & coatings, food & beverage industries. Metallic st

Cart Summary