HFO-1234yf Market - Outlook on Emerging Application, Revolutionary Trends & Potential Growth Strategies 2024

HFO-1234yf Market report provides (Six Forces Forecast 2019-2025) in-intensity insight of the HFO-1234yf industry masking all vital parameters along with Drivers, Market Trends, Market Dynamics, Opportunities, Competitive Landscape, New Challenge Feasibility Evaluation, Analysis and Guidelines on New mission Investment.

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The HFO-1234yf Market report also offers extensive analysis of competition by topmost prime manufacturers (Honeywell, Chemours) which delivers the insights strategic industry analysis of the key factors such as capacity, production, price, cost, gross, gross margin, sales volume & revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.

Instantaneous of HFO-1234yf Market: HFO-1234yf has cooling properties that are similar to R134a, which has been used as an automotive refrigerant. HFO-1234yf, has a global-warming potential (GWP) four times lower than previously calculated – below that of carbon dioxide. Europe regulations call for low-GWP refrigerant in all new vehicles in 2017.

Standard Report Structure of HFO-1234yf Market: Executive Summary, Market Definition, Macro-economic analysis, Parent Market Analysis, Market Overview, Forecast Factors, Segmental Analysis and Forecast, Regional Analysis, Competition Analysis

Market Segment by Type, HFO-1234yf market report displays the manufacture, profits, value, and market segment and growth rate of each type, covers: 

Automotive Air Conditioning
Domestic Refrigeration

Market Segment by Applications, HFO-1234yf market report focuses on the position and outlook for major applications/end users:

Personal
Commerical

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Scope of HFO-1234yf Market:

HFC-1234yf is a refrigerant with zero ozone layer depletion and very low global warming potential (GWP). Europe regulations call for low-GWP refrigerant in all new vehicles in 2017. In 2016, the global HFO-1234yf consumption market is led by Europe, capturing about 61.89% of global HFO-1234yf sales. The U.S. EPA greenhouse gas regulation set standards based on a presumed across-the-board conversion between 2017 and 2022. North America is the second-largest region-wise market with 27.41% global consumption share in 2016.

Honeywell and DuPont have actually used to produce R-1234yf at industrial scale. R-1234yf is the ideal substitutes for R134a refrigerant. DuPont has completed the separation of its Performance Chemicals segment through the spin-off of The Chemours Company (Chemours). Now Chemours is in charge of HFC-1234yf business.

HFC-1234yf is monopoly by Honeywell and Chemours. They licensed its proprietary process technologies to produce the HFC-1234yf to manufacturers in China, Japan. Such as, China Juhua will make Solstice yf in China for Honeywell, which in turn will market and sell the refrigerant to customers in Europe and USA.

In global market, Honeywell is the global leader, which has started commercial operations at its new manufacturing plant in Geismar, La., to meet the growing global demand for its next-generation mobile air conditioning refrigerant. With this start-up, the plant has become the world's largest site for producing HFO-1234yf, sold commercially as Solstice® yf.

The production of HFO-1234yf increases from 3950 MT in 2012 to 10571 MT in 2016, at a CAGR of more than 27.90%. Honeywell is the world leader, holding 54.61% production market share and Chemours holding about 45.39% in 2016.

In application, HFO-1234yf downstream is wide and recently HFO-1234yf has acquired increasing significance in various fields of automotive air conditioning and domestic refrigeration. Globally, the HFO-1234yf market is mainly driven by growing demand for automotive air conditioning which accounts for nearly 98.38% of total downstream consumption of HFO-1234yf in global.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, HFO-1234yf production will show a trend of steady growth. In 2023 the production of HFO-1234yf is estimated to be 33966 MT.

The worldwide market for HFO-1234yf is expected to grow at a CAGR of roughly 6.0% over the next five years, will reach 6370 million US$ in 2024, from 4490 million US$ in 2019, according to a new GIR (Global Info Research) study.

This report focuses on the HFO-1234yf in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. 

Important HFO-1234yf Market info available throughout this report:

*Strategic recommendations, forecast growth areas of the HFO-1234yf Market.

*Embryonic opportunities, competitive landscape, revenue share of main manufacturers.

*Comprehensive data showing HFO-1234yf market capacities, production, consumption, trade statistics, and prices in the recent years are provided.

*Business profiles, product analysis, commerce ways in which, rising market segments and comprehensive analysis of HFO-1234yf Market.

*Challenges for the new entrants, trends, HFO-1234yf industry drivers.

*Market share year-over-year growth of key players in promising regions.

*Key taking part in regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) beside their major countries are careful throughout this report.

*HFO-1234yf Market Chain Analysis by Upstream Raw Materials and Downstream trade.

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