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HFO-1234YF Market Report: Trends, Forecast and Competitive Analysis to 2030

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  • Honeywell International
  • J&H CHEM
  • Chemours
  • Hunan Jiahang Pharmaceutical Technology
  • Daikin Industries

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  • Honeywell International
  • J&H CHEM
  • Chemours
  • Hunan Jiahang Pharmaceutical Technology
  • Daikin Industries
LSH 24.04.04

HFO-1234YF Trends and Forecast

The future of the global HFO-1234YF market looks promising with opportunities in the personal and commercial markets. The global HFO-1234YF market is expected to reach an estimated $1.1 billion by 2030with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are significant need for air conditioning systems in automobiles, growing global restrictions against ozone-depleting chemicals (ODSs), and rising need for environmentally acceptable refrigerants.

A more than 150-page report is developed to help in your business decisions.

HFO-1234YF by Segment

The study includes a forecast for the global HFO-1234YF by type, application, and region.

HFO-1234YF Market by Type [Shipment Analysis by Value from 2018 to 2030]:

  • Automotive Air Conditioning
  • Domestic Refrigeration

HFO-1234YF Market by Application [Shipment Analysis by Value from 2018 to 2030]:

  • Personal
  • Commercial
  • Others

HFO-1234YF Market by Region [Shipment Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of HFO-1234YF Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies HFO-1234YF companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the HFO-1234YF companies profiled in this report include-

  • Honeywell International
  • J&H Chem
  • Chemours
  • Hunan Jiahang Pharmaceutical Technology
  • Daikin Industries

HFO-1234YF Market Insights

Lucintel forecasts that automotive air conditioning will remain the larger segment over the forecast period due to the extensive usage of HFO-1234YF in automotive transportable air conditioning systems.

Europe will remain the largest region over the forecast period due to the surge in demand and attention towards the fourth-generation refrigerant, HFO-1234yf, as a result of global environmental legislation and policies that attempt to mitigate the greenhouse effect of hydrofluorocarbons.

Features of the Global HFO-1234YF Market

Market Size Estimates: Hfo-1234yf market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hfo-1234yf market size by type, application, and region in terms of value ($B).

Regional Analysis: Hfo-1234yf market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the HFO-1234YF market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the HFO-1234YF market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the HFO-1234YF market size?

Answer: The global HFO-1234YF market is expected to reach an estimated $1.1 billion by 2030.

Q2. What is the growth forecast for HFO-1234YF market?

Answer: The global HFO-1234YF market is expected to grow with a CAGR of 3.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the HFO-1234YF market?

Answer: The major drivers for this market are significant need for air conditioning systems in automobiles, growing global restrictions against ozone-depleting chemicals (ODSs), and rising need for environmentally acceptable refrigerants.

Q4. What are the major segments for HFO-1234YF market?

Answer: The future of the global HFO-1234YF market looks promising with opportunities in the personal and commercial markets.

Q5. Who are the key HFO-1234YF market companies?

Answer: Some of the key HFO-1234YF companies are as follows.

  • Honeywell International
  • J&H Chem
  • Chemours
  • Hunan Jiahang Pharmaceutical Technology
  • Daikin Industries

Q6. Which HFO-1234YF market segment will be the largest in future?

Answer: Lucintel forecasts that automotive air conditioning will remain the larger segment over the forecast period due to the extensive usage of HFO-1234YF in automotive transportable air conditioning systems.

Q7. In HFO-1234YF market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period due to the surge in demand and attention towards the fourth-generation refrigerant, HFO-1234YF, as a result of global environmental legislation and policies that attempt to mitigate the greenhouse effect of hydrofluorocarbons.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the HFO-1234YF market by type (automotive air conditioning and domestic refrigeration), application (personal, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global HFO-1234YF Market : Market Dynamics

  • 2.1: Introduction, Background, and Classifications
  • 2.2: Supply Chain
  • 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

  • 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
  • 3.2. Global HFO-1234YF Market Trends (2018-2023) and Forecast (2024-2030)
  • 3.3: Global HFO-1234YF Market by Type
    • 3.3.1: Automotive Air Conditioning
    • 3.3.2: Domestic Refrigeration
  • 3.4: Global HFO-1234YF Market by Application
    • 3.4.1: Personal
    • 3.4.2: Commercial
    • 3.4.3: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

  • 4.1: Global HFO-1234YF Market by Region
  • 4.2: North American HFO-1234YF Market
    • 4.2.2: North American HFO-1234YF Market by Application: Personal, Commercial, and Others
  • 4.3: European HFO-1234YF Market
    • 4.3.1: European HFO-1234YF Market by Type: Automotive Air Conditioning and Domestic Refrigeration
    • 4.3.2: European HFO-1234YF Market by Application: Personal, Commercial, and Others
  • 4.4: APAC HFO-1234YF Market
    • 4.4.1: APAC HFO-1234YF Market by Type: Automotive Air Conditioning and Domestic Refrigeration
    • 4.4.2: APAC HFO-1234YF Market by Application: Personal, Commercial, and Others
  • 4.5: ROW HFO-1234YF Market
    • 4.5.1: ROW HFO-1234YF Market by Type: Automotive Air Conditioning and Domestic Refrigeration
    • 4.5.2: ROW HFO-1234YF Market by Application: Personal, Commercial, and Others

5. Competitor Analysis

  • 5.1: Product Portfolio Analysis
  • 5.2: Operational Integration
  • 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

  • 6.1: Growth Opportunity Analysis
    • 6.1.1: Growth Opportunities for the Global HFO-1234YF Market by Type
    • 6.1.2: Growth Opportunities for the Global HFO-1234YF Market by Application
    • 6.1.3: Growth Opportunities for the Global HFO-1234YF Market by Region
  • 6.2: Emerging Trends in the Global HFO-1234YF Market
  • 6.3: Strategic Analysis
    • 6.3.1: New Product Development
    • 6.3.2: Capacity Expansion of the Global HFO-1234YF Market
    • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global HFO-1234YF Market
    • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

  • 7.1: Honeywell International
  • 7.2: J&H CHEM
  • 7.3: Chemours
  • 7.4: Hunan Jiahang Pharmaceutical Technology
  • 7.5: Daikin Industries
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