Industry Background:
Over the past couple of decades, environmental pollution has been increased robustly due to upsurged uses of the carbon compounds as well as fossil fuels. Moreover, coolers, air conditioners, and many other such devices were using HFCs as a refrigerant which was environmentally viable. Thus, the hydrofluoroolefins also called as HFOs which are composed of hydrogen, fluorine and carbon compounds will show lucrative demand over the forecasted period. Since these refrigerants provide almost zero or low ozone depletion potential (ODP). Moreover, due to the increasing demand for high-pressure chillers & mobile air-conditioning, the HFOs will show significant demand over the forecasted period.This growth is primarily driven by Provides Almost Zero or Low Ozone Depletion Potential (ODP)
.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Commodity Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Arkema (France)), Honeywell International Inc. (United States), DuPont de Nemours, Inc. (United States), Chemours Company (United States), Linde plc (United Kingdom), Haltermann Carless Deutschland GmbH (Germany), Solvay (Belgium), Foam Supplies, Inc. (United States), Lambiotte et Cie SA (Belgium) and Danfoss Group (Denmark), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In November 2021, Honeywell announced the expansion of its La Baton Rouge facility to double the capacity of Solstice ze, an ultra-low global warming potential (GWP) solution based on hydrofluoroolefin (HFO) technology. and In June 2021, Arkema has announced the development of a fluorinated special solution 1233zd for new applications in the thermal management of batteries in electric vehicles.
Hydrofluoroolefins Market Dynamics:
Attributes | Details |
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Growth Drivers | - Provides Almost Zero or Low Ozone Depletion Potential (ODP)
- Increasing Demand for High-Pressure Chillers & Mobile Air-Conditioning
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Influencing Trends | - Introduction to Natural Fluids Due to their Minimal Global Warming Potential
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Restraints | - Use of Hazardous and Toxic Refrigerants might stagnate the Demand
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Road Blocks / Challenges | - Stringent Government Regulations regarding Refrigerant Development
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Gaps & Opportunities | - Favorable Government Regulations regarding Development of
- Hydrofluoroolefins
- Growing Investments on the Development of New Low GWP Refrigerants
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hydrofluoroolefins Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hydrofluoroolefins Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hydrofluoroolefins players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hydrofluoroolefins Study Sheds Light on
The Hydrofluoroolefins Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hydrofluoroolefins industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hydrofluoroolefins industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.