Press release
Key Strategic Factors and Emerging Trends Shaping the HFO-1234YF Market Landscape
HFO- 1234YF Market
Forecasted Expansion of the HFO-1234yf Market by 2030
The HFO-1234yf market is projected to grow significantly, reaching a value of $1.92 billion by 2030. This represents a compound annual growth rate (CAGR) of 11.1% over the forecast period. The market's rapid development is driven by tighter climate regulations, increased use of air conditioning in electric vehicles, growth in cold chain logistics infrastructure, efforts toward refrigerant recycling, and heightened demand for HVAC systems with low emissions. Key trends anticipated to shape market dynamics include the widespread adoption of low Global Warming Potential (GWP) refrigerants, phasing out of HFC-based cooling solutions, rising automotive air conditioning demand, advancements in energy-efficient cooling technologies, and standardization of refrigerant safety measures.
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Top Players in the HFO-1234yf Market
Several leading companies dominate the HFO-1234yf market landscape. These include Honeywell International Inc., The Chemours Company, E. I. du Pont de Nemours and Company, Asahi Glass Co Ltd., SRF Ltd., The Lubrizol Corp, The Messer Group GmbH, Emerson, AGC Chemicals, Zhejiang Juhua Co Ltd, Shanghai 3F New Material Co Ltd., Linde PLC, Navin Fluorine International Limited, Daikin Industries Ltd., Rhodia Chemicals Ltd., 3M, Quanzhou Yuji New Material Technology Co Ltd., Mexichem Fluor Inc., Arkema, Wurth USA, National Refrigerants Ltd., Hunan Jiahang Chemical Industry Co. Ltd., J&H CHEM Co. Ltd, and Solvay SA.
Strategic Partnership Strengthening Supply Chains
In May 2025, Arkema S.A., a specialty chemicals and refrigerant solutions provider based in France, entered into a partnership with Honeywell International Inc. This collaboration aims to enhance the availability of refrigerants with lower global warming potential. By joining forces, Arkema and Honeywell seek to reinforce supply chains and effectively meet the rising demand for HFO blends within the HVACR (heating, ventilation, air conditioning, and refrigeration) sector. Honeywell International Inc., headquartered in the United States, supplies specialty chemicals, materials, and HFO refrigerants designed to support energy-efficient HVAC and refrigeration applications.
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Detailed Overview of HFO-1234yf Market Segments
The HFO-1234yf market is categorized into several important segments:
1) By Type: Automotive Air Conditioning, Domestic Refrigeration, Industrial Refrigeration, Stationary Air Conditioning
2) By Component: Cylinders, Valves, Refrigerant Hoses
3) By Sales Channel: Original Equipment Manufacturers (OEM), Aftermarket
4) By Application: Personal Use, Commercial Use, Other Applications
Breakdown of Key Subsegments within the Market
Within these broader categories, the automotive air conditioning segment includes passenger vehicles, commercial vehicles, and electric vehicles. The domestic refrigeration sector covers household refrigerators, freezers, and residential cooling systems. Industrial refrigeration comprises cold storage facilities, food processing refrigeration, and industrial freezers and chillers. Lastly, stationary air conditioning involves commercial building air conditioning, residential central air conditioning, and HVAC systems designed for industrial environments.
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