Global HFO-1234yf Market Growth 2023-2029
Product Code:457145
Published Date: Apr 26,2023
Pages: 77
Region: Global
Category: Chemical & Material
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The global HFO-1234yf market size is projected to grow from US$ 986.2 million in 2022 to US$ 2859 million in 2029; it is expected to grow at a CAGR of 16.4% from 2023 to 2029.
Global key manufacturers of HFO-1234yf include Honeywell, Chemours and others. The top two producers together account for more than 99% of the market share, with the largest producer being Honeywell with 57%. The global origins are mainly located in North America and China, and North America is the largest production region, with a share of 63%. In terms of product categories, automotive air conditioning has the largest market share, with a share of about 99%, while domestic refrigeration accounts for only 1%. In terms of applications, personal use is the top application area with a market share of 87%.
HFO-1234yf is a refrigerant that has a different chemical composition than traditional refrigerants used in automotive air conditioning. It is considered a hydrofluoro-olefin refrigerant.
LPI (LP Information)' newest research report, the “HFO-1234yf Industry Forecast” looks at past sales and reviews total world HFO-1234yf sales in 2022, providing a comprehensive analysis by region and market sector of projected HFO-1234yf sales for 2023 through 2029. With HFO-1234yf sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world HFO-1234yf industry.
This Insight Report provides a comprehensive analysis of the global HFO-1234yf landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on HFO-1234yf portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global HFO-1234yf market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for HFO-1234yf and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global HFO-1234yf.
This report presents a comprehensive overview, market shares, and growth opportunities of HFO-1234yf market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Automotive Air Conditioning
Domestic Refrigeration
Segmentation by application
Personal
Commercial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Honeywell
Chemours
Key Questions Addressed in this Report
What is the 10-year outlook for the global HFO-1234yf market?
What factors are driving HFO-1234yf market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do HFO-1234yf market opportunities vary by end market size?
How does HFO-1234yf break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?