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Significant Growth Foreseen by Hydro Fluorocarbon Market During 2017 - 2027

02-13-2018 11:47 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Significant Growth Foreseen by Hydro Fluorocarbon Market

Hydro fluorocarbon is mainly employed as a refrigerant in various end user segments such as auto mobiles and air conditioners among others. Hydro fluorocarbons also find application as solvents and blowing agents in several industries such as pharmaceutical, electronics, etc. Refrigerant is the foremost application segment for hydro fluorocarbons and the trend is expected to continue for the next six years.

Increasing demand for refrigerants has been a major driver for the industry. Demand for refrigerants is profoundly dependent on the overall economic growth rate, industrial investments and increasing disposable income. Therefore, developing economies of Asia Pacific region are expected to drive the market growth in the near future. Hydro fluorocarbons are substituting HCFC (Hydro Chloro Fluorocarbon) and CFC (Chloro Fluorocarbon) as their use has been phased out owing to their environmental hazards. Although hydro fluorocarbons are less hazardous than CFC and HCFC, hydro fluorocarbons are hazardous to the environment and their use is monitored by several international organizations. Environmental hazards associated with hydro fluorocarbons have been a major restraint for the industry. Developing an eco-friendly refrigerant is expected to offer huge growth opportunity for the industry.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5943

Asia Pacific dominates the global hydro fluorocarbon market and the trend is expected to continue in the near future. The demand in Asia Pacific is mainly driven by the developing economies of India and China. North America and Europe are anticipated to grow at a sluggish rate owing to market maturity and stringent environmental regulations. In the RoW region, demand for hydro fluorocarbon is expected to be driven by the increasing demand from Middle East and South America.

Major players in the hydro fluorocarbon market include Honeywell International Inc., Daikin Industries Ltd, Asahi Glass Co. Ltd, Puyang Zhongwei Fine Chemical Co. Ltd, Solvay S.A., Gujarat Fluorochemicals Ltd and Zhejiang Juhua Co. Ltd among others.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/toc/rep-gb-5943

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Abhishek Budholiya
Future Market Insights
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Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: http://www.futuremarketinsights.com

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