Press release
Hydrofluoroether Market 2022 Business Outlook with COVID-19 Scenario to 2027 | 3M, AGC Inc, Tianhe Chemical Group
The global hydrofluoroether market generated a revenue of US$ 126.55 million in 2021 and is anticipated to reach UD$ 204.3 million by 2027, growing at a compound annual growth rate of 8.3% from 2022 to 2027. On the basis of volume, the global hydrofluoroether market is expected to reach 10,705.3 Tons by the end of the year 2027, at a CAGR of 8%.
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According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures.
Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.
Impact Analysis of COVID-19
Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.
Regional Insights
By Product Type:
Pure Hydrofluoroether
HFE Blends
Co-solvent systems
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By Packaging :
Cleaning solvent
Blowing agents
Refrigerants
Dry etching agents
Coating and lubricants
Heat transfer
Others
By Region:
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Spain
Russia
Poland
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
Key Players Insights
3M, AGC Inc, Tianhe Chemical Group and others are the major companies operating in the hydrofluoroether market.
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