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R1234ze Market Expands as Demand for Low-GWP Refrigerants Increases | Valuates Reports
R1234ze MarketTetrafluoropropene (HFO-1234ze) is a hydrofluoroolefin. It is one of the "fourth generation fluorine refrigerants". It can be used to replace the former R-134a.
The global R1234ze market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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R1234ze Market Trends
The R1234ze market size is witnessing steady growth as industries transition toward environmentally friendly refrigerants with low global warming potential (GWP). R1234ze, a hydrofluoroolefin (HFO) refrigerant, is increasingly being adopted in HVAC, refrigeration, and heat pump applications due to its zero ozone depletion potential (ODP) and lower environmental impact. With stricter regulations on high-GWP refrigerants, industries are shifting to R1234ze as a sustainable alternative, driving market growth.
In terms of market share, sectors such as industrial cooling, commercial refrigeration, and air conditioning systems are leading adopters of R1234ze. The demand is further fueled by the increasing use of energy-efficient and sustainable refrigerant solutions in data centers, automotive HVAC systems, and heat transfer applications. Additionally, the focus on eco-friendly refrigerants in compliance with F-Gas regulations and Kigali Amendment guidelines is pushing manufacturers to scale up production and distribution of R1234ze.
A detailed market analysis highlights the rising investment in next-generation refrigerants and sustainable cooling technologies to meet global energy efficiency goals. As more industries adopt low-GWP refrigerants to meet regulatory and sustainability targets, the R1234ze market revenue is expected to grow significantly, particularly in regions like North America, Europe, and Asia-Pacific, where green refrigerant policies and energy efficiency initiatives are gaining momentum.
Segment by Type
• R1234ze-E
• R1234ze-Z
Segment by Application
• Air Conditioner
• Foaming Agent
• Water Chillers
• Heat Pumps
• Others
By Company
Honeywell, DuPont, A-Gas, Arthur Friedrichs, Climalife, Entalpia Europe, Darment, National Refrigerants, BOC, Gas2Go, SCHIESSL, United Refrigeration, Harp International, Sichuan Erbai73du Environmental Protection Technology, Wuhan Hongde Yuexin Pharmaceutical Technology, Shanghai Yuji Sifluo, Hangzhou Icetop refrigeration, HITEMA INTERNATIONAL Srl, Linea Kryon, Westfalen Gassen Nederland
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