Hydrofluoroolefins Market Size

  • Report ID: 3830
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT
  1. An Outline of the Hydrofluoroolefins (HFOs) Market
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. Suppliers/Distributers
      3. End Users
    3. Secondary Research
    4. Market Size Estimation
  4. Summary of the Report for Key Decision Marker
  5. Forces of the Market Constituents
    1. Factors/Drivers Impacting the Growth of the Market
    2. Market Trends for Better Business Practices
  6. Key Market Opportunities for Business Growth
    1. Based on the Product Type
    2. Based on the Application
    3. Based on the Geographical Presence
  7. Major Roadblocks for the Market Growth
  8. Government Regulation: How They Would Aid Business?
  9. Industry Supply Chain Analysis
  10. Competitive Landscape
    1. Market Share Analysis, 2022
    2. Competitive Positioning
      1. Honeywell International, Inc.
      2. Arkema, Inc.
      3. DuPont de Nemours, Inc.
      4. The Chemours Company
      5. Danfoss
      6. Linde plc
      7. Other major players
  11. Global Hydrofluoroolefins (HFOs) Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2023-2036
      1. By Product Type
        1. HFO-1234ze, 2023-2036F (USD Million)
        2. HFO-1234yf, 2023-2036F (USD Million)
        3. Others, 2023-2036F (USD Million)
      2. By Application
        1. Refrigeration, 2023-2036F (USD Million)
        2. Foam Blowing Agents, 2023-2036F (USD Million)
        3. Mobile Air-Conditioning Systems, 2023-2036F (USD Million)
        4. Others, 2023-2036F (USD Million)
      3. By Region
        1. North America, 2023-2036F (USD million)
        2. Europe, 2023-2036F (USD million)
        3. Asia-Pacific, 2023-2036F (USD million)
        4. Latin America, 2023-2036F (USD million)
        5. Middle East & Africa, 2023-2036F (USD million)
  12. North America Hydrofluoroolefins (HFOs) Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2023-2036
      1. By Product Type
        1. HFO-1234ze, 2023-2036F (USD Million)
        2. HFO-1234yf, 2023-2036F (USD Million)
        3. Others, 2023-2036F (USD Million)
      2. By Application
        1. Refrigeration, 2023-2036F (USD Million)
        2. Foam Blowing Agents, 2023-2036F (USD Million)
        3. Mobile Air-Conditioning Systems, 2023-2036F (USD Million)
        4. Others, 2023-2036F (USD Million)
      3. By Country
        1. US, 2023-2036F (USD million)
        2. Canada, 2023-2036F (USD million)
  13. Europe Hydrofluoroolefins (HFOs) Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2023-2036
      1. By Product Type
      2. By Application
      3. By Country
        1. Germany, 2023-2036F (USD million)
        2. France, 2023-2036F (USD million)
        3. Italy, 2023-2036F (USD million)
        4. UK, 2023-2036F (USD million)
        5. Spain, 2023-2036F (USD million)
        6. Russia, 2023-2036F (USD million)
        7. Netherlands, 2023-2036F (USD million)
        8. Rest of Europe, 2023-2036F (USD million)
  14. Asia Pacific Hydrofluoroolefins (HFOs) Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2023-2036
      1. By Product Type
      2. By Application
      3. By Country
        1. China, 2023-2036F (USD million)
        2. Japan, 2023-2036F (USD million)
        3. India, 2023-2036F (USD million)
        4. South Korea, 2023-2036F (USD million)
        5. Australia, 2023-2036F (USD million)
        6. Rest of Asia Pacific, 2023-2036F (USD million)
  15. Latin America Hydrofluoroolefins (HFOs) Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2023-2036
      1. By Product Type
      2. By Application
      3. By Country
        1. Brazil, 2023-2036F (USD million)
        2. Argentina, 2023-2036F (USD million)
        3. Mexico, 2023-2036F (USD million)
        4. Rest of Latin America, 2023-2036F (USD million)
  16. Middle East and Africa Hydrofluoroolefins (HFOs) Market Outlook
    1. Market Overview
    2. By Value (USD million)
    3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2023-2036
      1. By Product Type
      2. By Application
      3. By Country
        1. GCC, 2023-2036F (USD million)
        2. Israel, 2023-2036F (USD million)
        3. South Africa 2023-2036F (USD million)
        4. Rest of Middle East and Africa, 2023-2036F (USD million)

 

Hydrofluoroolefins Market Size

Hydrofluoroolefins (HFOs) Market size was over USD 3.05 billion in 2024 and is anticipated to cross USD 18.98 billion by 2037, witnessing more than 15.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hydrofluoroolefins is estimated at USD 3.83 billion.

The growth of the market can be attributed to the rising sales of automobiles. Hydrofluoroolefins are the organic compounds that are used as a refrigerant in car air conditioning systems.  The largest vehicle market in the world is located in China. Despite a recent drop in passenger car sales in China in April 2022, there were more than 26 million passenger cars sold in 2021. Additionally, China sold around 965,000 passenger automobiles and nearly 216,000 commercial vehicles in April 2022.

In addition to these, factors that are believed to fuel the market growth of hydrofluoroolefins (HFO) include rising concerns about growing global warming. Despite being more reactive than HFCs, HFOs are very stable substances. Due to the decreased global warming potential, this became a efficient option for tackling the growing concerns about climate change. For instance, since their introduction, HFO refrigerants and blowing agents have prevented the emission of 170 million metric tonnes of CO2e into the atmosphere, which is the same number of emissions produced by more than 35 million cars. Additionally, the HFOs have low GWP therefore, it makes great refrigerant fluid for air conditioning systems in buildings. Moreover, they are used in the manufacturing of polyurethane foams, which are highly used in the construction and automobile industry, which in turn is expected to boost the demand for hydrofluoroolefins. In France, the volume of construction activity augmented by around 11 % in 2021 after declining by nearly 14% in 2020. Additionally, total construction investment in Europe climbed by nearly 5% in 2021 to reach about USD 2 trillion, or approximately 11% of EU GDP.


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Author Credits:  Rajrani Baghel


  • Report ID: 3830
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of hydrofluoroolefins is estimated at USD 3.83 billion.

The hydrofluoroolefins market size was over USD 3.05 billion in 2024 and is anticipated to cross USD 18.98 billion by 2037, witnessing more than 15.1% CAGR during the forecast period i.e., between 2025-2037. Rising purchases of vehicles, growing patents of HFOs, rise in the global warming, and rapid urbanization will boost the market growth.

Asia Pacific industry is expected to hold largest revenue share of 43% by 2037, attributed to growing network of trains with air conditioning systems and rising production and sales of automobiles in the region.

The major players in the market are Honeywell International Inc., Arkema, DuPont de Nemours Inc., The Chemours Company, Danfoss, Linde plc
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