Hexafluoropropylene (HFP) is a fluorinated chemical used as a building block in refrigerants, fire suppressants, and fluoropolymers. The market is characterized by its chemical stability, high reactivity, and critical role in industrial and agrochemical applications, driven by demand for eco-friendly refrigerants and specialty materials. Trends include sustainable production methods, expanded agrochemical use, and regulatory shifts toward low-GWP alternatives.
Europe achieves a growth rate of 5.0-7.0%, driven by Germany; trends emphasize fluoropolymer production.
Asia Pacific sees a growth rate of 5.5-7.5%, led by China; trends highlight agrochemical and pharma growth.
The Rest of the World records a growth rate of 4.0-6.0%, with India emerging; trends focus on industrial expansion.
Extinguishing Agent grows at 4.5-6.5%; it suppresses fires, with trends emphasizing safety standards.
Fluoropolymer rises at 5.5-7.5%; it enhances materials, with trends focusing on durability.
Agrochemical expands at 5.0-7.0%; it boosts crop protection, with trends favoring precision use.
Pharmaceutical grows at 5.5-7.5%; it aids drug synthesis, with trends emphasizing purity.
Others rise at 4.0-6.0%; it includes niche uses, with trends focusing on specialty applications.
Chemours, based in Wilmington, USA, excels in fluorochemicals, crafting HFP for fluoropolymers and extinguishants.
Daikin, headquartered in Osaka, Japan, focuses on chemicals, producing HFP for refrigerants and agrochemicals.
Juhua, from Quzhou, China, provides fluorinated products, offering HFP for industrial versatility.
Luxi, based in Liaocheng, China, specializes in chemicals, crafting HFP for pharma and agrochemical use.
Jiangsu Meilan Chemical, from Taizhou, China, focuses on fluorochemicals, producing HFP for refrigerants.
Dongyue, headquartered in Zibo, China, excels in fluorine products, offering HFP for fluoropolymers.
MATHESON, from Basking Ridge, USA, provides specialty gases, crafting HFP for pharmaceutical precision.
This product will be delivered within 1-3 business days.
Market Size and Growth Forecast
The global hexafluoropropylene market was valued at USD 280 million to USD 480 million in 2024, with an estimated CAGR of 5.0% to 7.0% from 2025 to 2030, fueled by industrial and environmental demands.Regional Analysis
North America grows at 4.5-6.5%, with the USA leading due to refrigerant demand; trends focus on sustainable alternatives.Europe achieves a growth rate of 5.0-7.0%, driven by Germany; trends emphasize fluoropolymer production.
Asia Pacific sees a growth rate of 5.5-7.5%, led by China; trends highlight agrochemical and pharma growth.
The Rest of the World records a growth rate of 4.0-6.0%, with India emerging; trends focus on industrial expansion.
Application Analysis
Refrigerant expands at 5.0-7.0%; it cools systems, with trends favoring low-GWP options.Extinguishing Agent grows at 4.5-6.5%; it suppresses fires, with trends emphasizing safety standards.
Fluoropolymer rises at 5.5-7.5%; it enhances materials, with trends focusing on durability.
Agrochemical expands at 5.0-7.0%; it boosts crop protection, with trends favoring precision use.
Pharmaceutical grows at 5.5-7.5%; it aids drug synthesis, with trends emphasizing purity.
Others rise at 4.0-6.0%; it includes niche uses, with trends focusing on specialty applications.
Key Market Players
Linde, from Dublin, Ireland, specializes in industrial gases, offering HFP for refrigerants with high purity.Chemours, based in Wilmington, USA, excels in fluorochemicals, crafting HFP for fluoropolymers and extinguishants.
Daikin, headquartered in Osaka, Japan, focuses on chemicals, producing HFP for refrigerants and agrochemicals.
Juhua, from Quzhou, China, provides fluorinated products, offering HFP for industrial versatility.
Luxi, based in Liaocheng, China, specializes in chemicals, crafting HFP for pharma and agrochemical use.
Jiangsu Meilan Chemical, from Taizhou, China, focuses on fluorochemicals, producing HFP for refrigerants.
Dongyue, headquartered in Zibo, China, excels in fluorine products, offering HFP for fluoropolymers.
MATHESON, from Basking Ridge, USA, provides specialty gases, crafting HFP for pharmaceutical precision.
Porter’s Five Forces Analysis
- The threat of new entrants is moderate; high production costs deter entry, but demand encourages participation.
- The threat of substitutes is moderate; alternative chemicals compete but lack HFP’s versatility.
- Buyer power is moderate; industries demand quality, though large buyers influence pricing.
- Supplier power is moderate; specialized raw materials create some dependency.
- Competitive rivalry is high; firms innovate with sustainable production and applications.
Market Opportunities and Challenges
Opportunities
- Eco-friendly refrigerant demand boosts HFP use.
- Fluoropolymer growth drives industrial applications.
- Agrochemical expansion enhances market scope.
Challenges
- Regulatory restrictions on fluorochemicals pose risks.
- High production costs limit scalability.
- Environmental concerns challenge adoption.
Growth Trend Analysis
Juhua’s 5,000-ton capacity expansion, Dongyue’s 10,000-ton production, and Luxi’s 12,000-ton output in 2024 reflect a trend toward increased HFP supply, supporting a projected CAGR of 5.0-7.0% through 2030.This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast Hexafluoropropylene Market in North America (2020-2030)
Chapter 10 Historical and Forecast Hexafluoropropylene Market in South America (2020-2030)
Chapter 11 Historical and Forecast Hexafluoropropylene Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast Hexafluoropropylene Market in Europe (2020-2030)
Chapter 13 Historical and Forecast Hexafluoropropylene Market in MEA (2020-2030)
Chapter 14 Summary For Global Hexafluoropropylene Market (2020-2025)
Chapter 15 Global Hexafluoropropylene Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Linde
- Chemours
- Daikin
- Juhua
- Luxi
- Jiangsu Meilan Chemical
- Dongyue
- MATHESON
