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

Introduction
 
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

Market

 Global Hydrofluoroolefin Market

Analysis Period

2013 – 2023

Historic Data

2013 – 2015

Base Year

2016

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
 


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