Press release
The global hydro fluorocarbon market has been anticipated to grow at a cagr around 5.5% during 2017-2027 and top key players are airgas inc,arkema s.a.,asahi glass co. Ltd,daikin industries ltd,harp international ltd,dongyue group ltd,gujaratfluorochemica
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Market Size and Forecast
The global hydro fluorocarbon market has been anticipated to grow at a CAGR around 5.5% during 2017-2027. The growth in automotive industry is anticipated to increase the market of hydro fluorocarbon over the forecast period. Additionally, the major suppliers are continuously investing in R&D in order to develop wide range of substitute refrigerants and maintaining their supply worldwide.
The global hydro fluorocarbon market has been segmented based on type and application. On the basis of type, the global hydro fluorocarbon market has been sub-segmented into R-134a, R-410a, R-407c, R-143a, and R-404a. On the basis of application type, global hydro fluorocarbon market has been segmented into refrigeration and air Conditioning. Refrigeration is the leading segment on the account of high demand from various applications such as commercial and domestic.
By region, global hydro fluorocarbon market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia Pacific leads the global hydro fluorocarbon market. The demand for refrigerants is greatly dependent on the total economic growth rate, increasing industrial investments and rising disposable income of the upper middle class population. The demand for hydro fluorocarbon in Asia Pacific is primarily fuelled by the increasing demand for hydro fluorocarbon in Asia Pacific countries such as India and China. The growing demand for cooling equipment in Asia-Pacific region is expected to remain the driving force for hydro fluorocarbon demand over the forecast period.
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Market Segmentation
Our in-depth analysis segmented the global hydro fluorocarbon market in the following segments:
By Type:
R-134a
R-410a
R-407c
R-143a
R-404a
By Application Type:
Refrigeration
Domestic
Industrial
Commercial
Transportation
Air Conditioning
Stationary
Chillers
Mobile
By Region
Global hydro fluorocarbon market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Growth Drivers and Challenges
Increasing demand for the consumer products and increasing urbanization are some of the major factors that drive the market. Additionally, growing awareness among consumers related to the environmental impact of utilizing the CFC is driving the market growth.
Furthermore, hydro fluorocarbons are substituting HCFC (Hydro Chloro Fluorocarbon) and CFC (Chloro Fluorocarbon) on the account of their environmental hazards. Environmental hazards related with hydro fluorocarbons and strict government regulation have been a major restraint for the industry.
Key Players
Airgas Inc
Arkema S.A.
Asahi Glass Co. Ltd
Daikin Industries Ltd
Harp International Ltd
Dongyue Group Ltd
Gujarat Fluorochemicals Ltd
Linde A.G.
Mexichem S.A.B DE C.V.
Navin Fluorine International Ltd
PuyangZhongwei Fine Chemical Co. Ltd
Quimobasicos S.A DE C.V
Shandong Yuean Chemical Industry Co.
Sinochem Group
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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