Octafluoropropane Market Size

Octafluoropropane Market size was valued at USD 424.96 million in 2024 and is expected to reach USD 884.43 million by 2037, expanding at around 5.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of octafluoropropane is assessed at USD 465.31 million.

 The growth of the octafluoropropane market can be attributed to the growing demand for self-driving cars. Further, the rising demand for premium cars in both developed and emerging countries among people across the globe is also expected to add to the market growth. Additionally, octofluoropropane is utilized in semiconductors, which are used in the production of self-driving automobiles, as a plasma etching material. As per data, more than 1,000 self-driving cars are now operating on American roadways.

In addition to these, factors that are believed to fuel the market growth of the octofluoropropane market include the increasing need for octofluoropropane in the medical industry. For instance, in the world of medicine, the gas cores of the tiny contrast agents used in contrast-enhanced ultrasonography may be made of octafluoropropane. Furthermore, to enhance the backscatter of the ultrasonic signal, octafluoropropane microbubbles are utilized. Additionally, in echocardiography, activated octafluoropropane improves pictures of the borders or inner boundaries of the heart, creating a better picture that could help doctors diagnose patients more accurately. It is used in patients who have unsatisfactory echocardiograms to opacify the left ventricular chamber.