Press release
HFO-1234yf Market Size, Share, Trends, and Forecast: 2024-2030
In recent years, with the intensification of global climate warming and the advancement of environmental regulations, the fourth-generation refrigerant HFO-1234yf has gradually emerged. As a substitute for R134a, HFO-1234yf can not only be used in automobile air conditioners, but also widely used in refrigerator refrigeration, heat transfer media, foaming agents and other fields, demonstrating its broad application prospects.
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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.
According to the new market research report "HFO-1234yf- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global HFO-1234yf market size is projected to reach USD 2.98 billion by 2029, at a CAGR of 15.8% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of HFO-1234yf include Honeywell, Chemours, etc. In 2022, the global top two players had a share approximately 100.0% in terms of revenue.
Market Drivers:
U.S. law requires HFO-1234yf to be used in new cars starting in 2021. Large room for future market growth. Montreal mandates phase-out time for third-generation refrigerants, growing demand in Asia Pacific in coming years. As the technology continues to mature, the price has declined, and the purchasing power of downstream customers will increase.
Restraint:
The market is concentrated on Honeywell and Chemours. New entrants need to bypass patent restrictions. Current products are expensive, downstream consumers are less willing to buy. The scope of application is mainly limited to the field of automotive air conditioning.
Trend:
HFO-1234yf is a hydro fluoro olefin (HFO) that has been widely used as the replacement of traditional refrigerant, HFC-134a. The HFC-134a is known to have high global warming potential and hence, its usage in personal cooling equipment could result in significant greenhouse gas emissions. Therefore, companies such as Honeywell and Dupont developed HFOs for use in air conditioning systems with low global warming potential along with other benefits over existing alternatives.HFO-1234yf has a GWP of less than one, which is 99.99% lower than HFC-134a.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The HFO-1234yf market is segmented as below:
By Company
Honeywell
Chemours
Hua'an
Huanxin Fluoro
Segment by Type
Automotive Air Conditioning
Domestic Refrigeration
Segment by Application
Personal
Commercial
Others
Each chapter of the report provides detailed information for readers to further understand the HFO-1234yf market:
Chapter 1: Introduces the report scope of the HFO-1234yf report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of HFO-1234yf manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various HFO-1234yf market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of HFO-1234yf in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of HFO-1234yf in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth HFO-1234yf competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides HFO-1234yf comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides HFO-1234yf market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
HFO-1234yf- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global HFO-1234yf Market Insights, Forecast to 2030
Global HFO-1234yf Market Research Report 2024
Global HFO-1234yf Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global HFO-1234yf Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
HFO-1234yf - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Automobile HFO-1234yf Refrigerant Market Insights, Forecast to 2030
Global Automobile HFO-1234yf Refrigerant Market Research Report 2024
HFO-1234yf - Global Market Insights and Sales Trends 2024
Global HFO-1234yf Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global HFO-1234yf Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global HFO-1234yf Market Research Report 2023
Global and United States HFO-1234yf Market Report & Forecast 2023-2029
Automobile HFO-1234yf Refrigerant - Global Market Insights and Sales Trends 2024
Global Automobile HFO-1234yf Refrigerant Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
Global Automobile HFO-1234yf Refrigerant Market Research Report 2023
Global Automobile HFO-1234yf Refrigerant Market Insights, Forecast to 2029
Global and United States HFO-1234yf Market Report & Forecast 2022-2028
Global HFO-1234yf Market Research Report 2022
Global and United States Automobile HFO-1234yf Refrigerant Market Report & Forecast 2022-2028
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
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QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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