하이드로플루오로올레핀(HFO) 시장 규모, 점유율, 성장 분석 : 유형별, 용도별, 최종 용도 산업별, 지역별 - 산업 예측(2025-2032년)

Global Hydrofluoroolefin (HFO) Market size was valued at USD 16.7 billion in 2023 and is poised to grow from USD 17.85 billion in 2024 to USD 30.44 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).

Hydrofluoroolefins (HFOs), derived from hydrogen, fluorine, and carbon compounds, represent a sustainable alternative to hydrofluorocarbons (HFCs) due to their very short atmospheric lifespan, resulting in significant environmental benefits. With impending legislation like the EU's REACH regulating chemical usage, the urgent need to mitigate ozone depletion caused by HFCs is propelling the demand for HFOs in various sectors, including insulation, foam, aerosols, air-conditioning, and solvents. SkyQuest anticipates a notable surge in HFO manufacturing driven by robust demand within the European Union and the US automotive market, particularly ahead of the SNAP Rule 20 implementation. This creates lucrative opportunities for market players as fourth-generation HFOs emerge as efficient and safer choices, offering vast growth potential for the coming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Hydrofluoroolefin (Hfo) market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Hydrofluoroolefin (Hfo) Market Segmental Analysis

Global Hydrofluoroolefin (HFO) Market is segmented by Type, Application, End-Use Industry and region. Based on Type, the market is segmented into HFO-1234ze, HFO-1233zd, HFO-1234yf and HFO-1336mzz. Based on Application, the market is segmented into AC & Refrigeration, Foam Blowing Agents, Aerosol Propellants and Precision Solvent Cleaners. Based on End-Use Industry, the market is segmented into Automobile, Construction, Polymers & Plastics and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Hydrofluoroolefin (Hfo) Market

The global Hydrofluoroolefin (HFO) market is witnessing significant growth driven primarily by the automotive industry's demand for environmentally-friendly refrigerants. As new vehicle types in the EU are now prohibited from utilizing refrigerants with a global warming potential (GWP) exceeding 150, the transition to HFOs has become essential. Major automobile manufacturers, particularly in developed nations, are adopting HFO-1234yf, while interest in additional alternatives is growing for heavy-duty vehicles. Companies like Audi and Daimler are exploring the use of carbon dioxide (R-744) in larger models. Innovations such as Honeywell's Genetron Performax LT demonstrate advancements in sustainable cooling technologies, enhancing energy efficiency and environmental compliance. This emphasis on product innovation and sustainability is poised to propel the HFO market forward in the coming years.

Restraints in the Global Hydrofluoroolefin (Hfo) Market

The global Hydrofluoroolefin (HFO) market faces significant restraints due to safety concerns linked to the flammability of HFO refrigerants. Issues related to the potential for fires during refrigerant leaks pose a substantial threat to market advancement. Specifically, HFO-1234yf and HFO-1234ze are classified as A2L refrigerants, indicating they possess low toxicity but carry a slight flammability risk, with maximum burning speeds of 10 cm/s. Although there are non-flammable options categorized as A1 HFOs, additional research and testing are essential for their widespread implementation. Moreover, while HFOs are stable in systems, their atmospheric degradation leads to global warming potential (GWP) ratings that raise environmental concerns. Additionally, the decomposition of HFOs at high temperatures can produce harmful acids, posing health risks such as skin, eye, and respiratory irritation.

Market Trends of the Global Hydrofluoroolefin (Hfo) Market

The global Hydrofluoroolefin (HFO) market is witnessing a significant trend towards innovation, driven by rapid advancements in HFO-1234yf production technologies. As the industry matures, the surge in patent filings-rising from 83 in 2020 to 150 in 2021-indicates a robust interest in intellectual property and proprietary processes among major producers. This influx of patents suggests heightened competition, yet it simultaneously poses barriers to entry for new players due to the protection of critical technologies. Consequently, the HFO market is likely to consolidate around a few key innovators, while also fostering ongoing research and development to enhance sustainability and regulatory compliance.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Case Studies
• Technological Advancement

Global Hydrofluoroolefin (HFO) Market Size by Type & CAGR (2025-2032)

• Market Overview
• HFO-1234ze
• HFO-1233zd
• HFO-1234yf
• HFO-1336mzz

Global Hydrofluoroolefin (HFO) Market Size by Application & CAGR (2025-2032)

• Market Overview
• AC & Refrigeration
• Foam Blowing Agents
• Aerosol Propellants
• Precision Solvent Cleaners

Global Hydrofluoroolefin (HFO) Market Size by End-Use Industry & CAGR (2025-2032)

• Market Overview
• Automobile
• Construction
• Polymers & Plastics
• Others

Global Hydrofluoroolefin (HFO) Market Size & CAGR (2025-2032)

• North America (Type, Application, End-Use Industry)
  • US
  • Canada
• Europe (Type, Application, End-Use Industry)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Type, Application, End-Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Type, Application, End-Use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Type, Application, End-Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Honeywell International Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Arkema S.A. (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• The Chemours Company (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Daikin Industries, Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Central Glass Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• AGC Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dow Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Climalife (Dehon Group) (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Danfoss A/S (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SRF Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Gujarat Fluorochemicals Limited (GFL) (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zhejiang Huanxin Fluoro Material Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shanghai 3F New Materials Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mexichem S.A.B. de C.V. (Mexico)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Harp International Ltd. (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zhejiang Yonghe Refrigerant Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations