The global hydrofluroolefins (HFOs) market is likely to grow at a CAGR of 15.1% during the forecast period, i.e., 2023-2033. The market generated a revenue of around USD 2,000 Million at the end of 2022 and is likely to produce revenue worth of nearly USD 11,000 Million by the end of 2033. Growing sales of automobiles, followed by the rising concerns for global warming, and the surge in population in urban areas are some of the major factors anticipated to drive the growth of the market during the forecast period.
The global hydrofluroolefins (HFOs) market is segmented by product type and application. On the basis of product type market is further fragmented into HFO-1234ze, HFO-1234yf, and others. The HFO-1234yf segment is anticipated to garner the highest revenue of about USD 5000 million by the end of 2033. This growth is on the account of higher usage of hydroflouroolefin HFO-1234yf as a refrigerant in automobiles. The HFO-1234yf segment is to grow at a CAGR of around 15% over the forecast period. In addition to this, the segment garnered a revenue of close to USD 1,200 million in 2022.
On the basis of region, the global hydrofluoroolefins (HFOs) market is analyzed by the markets of North America, Europe, Latin America, Asia-Pacific and Middle-East and Africa. The market in the Asia Pacific collected the highest revenue of nearly USD 1,000 million in 2022. By the end of 2033, it is estimated to garner a revenue of over USD 5,000 million, by growing at the CAGR of around 15% over the forecast period. Factors such as rapidly growing automotive sector is expected to boost the market growth in the region.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global hydrofluoroolefins (HFOs) market that are included in the report are Arkema, DuPont de Nemours Inc., The Chemours Company, Danfoss, Linde plc, and Honeywell International Inc.
The global hydrofluroolefins (HFOs) market is segmented by product type and application. On the basis of product type market is further fragmented into HFO-1234ze, HFO-1234yf, and others. The HFO-1234yf segment is anticipated to garner the highest revenue of about USD 5000 million by the end of 2033. This growth is on the account of higher usage of hydroflouroolefin HFO-1234yf as a refrigerant in automobiles. The HFO-1234yf segment is to grow at a CAGR of around 15% over the forecast period. In addition to this, the segment garnered a revenue of close to USD 1,200 million in 2022.
On the basis of region, the global hydrofluoroolefins (HFOs) market is analyzed by the markets of North America, Europe, Latin America, Asia-Pacific and Middle-East and Africa. The market in the Asia Pacific collected the highest revenue of nearly USD 1,000 million in 2022. By the end of 2033, it is estimated to garner a revenue of over USD 5,000 million, by growing at the CAGR of around 15% over the forecast period. Factors such as rapidly growing automotive sector is expected to boost the market growth in the region.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global hydrofluoroolefins (HFOs) market that are included in the report are Arkema, DuPont de Nemours Inc., The Chemours Company, Danfoss, Linde plc, and Honeywell International Inc.
Table of Contents
1. An Outline of the Hydrofluoroolefins (HFOs) Market1.1. Market Definition
1.2. Market Segmentation
2. Assumptions and Acronyms
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.2.1. Manufacturers
3.2.2. Suppliers/Distributers
3.2.3. End Users
3.3. Secondary Research
3.4. Market Size Estimation
4. Summary of the Report for Key Decision Marker
5. Forces of the Market Constituents
5.1. Factors/Drivers Impacting the Growth of the Market
5.2. Market Trends for Better Business Practices
6. Key Market Opportunities for Business Growth
6.1. Based on the Product Type
6.2. Based on the Application
6.3. Based on the Geographical Presence
7. Major Roadblocks for the Market Growth
8. Government Regulation: How They Would Aid Business?
9. Industry Supply Chain Analysis
10. Competitive Landscape
10.1. Market Share Analysis, 2022
10.2. Competitive Positioning
10.2.1. Honeywell International, Inc.
10.2.2. Arkema, Inc.
10.2.3. DuPont de Nemours, Inc.
10.2.4. The Chemours Company
10.2.5. Danfoss
10.2.6. Linde plc
10.2.7. Other major players
11. Global Hydrofluoroolefins (HFOs) Market Outlook
11.1. Market Overview
11.2. By Value (USD million)
11.3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2022-2033
11.3.1. By Product Type
11.3.1.1. HFO-1234ze, 2022-2033F (USD Million)
11.3.1.2. HFO-1234yf, 2022-2033F (USD Million)
11.3.1.3. Others, 2022-2033F (USD Million)
11.3.2. By Application
11.3.2.1. Refrigeration, 2022-2033F (USD Million)
11.3.2.2. Foam Blowing Agents, 2022-2033F (USD Million)
11.3.2.3. Mobile Air-Conditioning Systems, 2022-2033F (USD Million)
11.3.2.4. Others, 2022-2033F (USD Million)
11.3.3. By Region
11.3.3.1. North America, 2022-2033F (USD million)
11.3.3.2. Europe, 2022-2033F (USD million)
11.3.3.3. Asia-Pacific, 2022-2033F (USD million)
11.3.3.4. Latin America, 2022-2033F (USD million)
11.3.3.5. Middle East & Africa, 2022-2033F (USD million)
12. North America Hydrofluoroolefins (HFOs) Market Outlook
12.1. Market Overview
12.2. By Value (USD million)
12.3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2022-2033
12.3.1. By Product Type
12.3.1.1. HFO-1234ze, 2022-2033F (USD Million)
12.3.1.2. HFO-1234yf, 2022-2033F (USD Million)
12.3.1.3. Others, 2022-2033F (USD Million)
12.3.2. By Application
12.3.2.1. Refrigeration, 2022-2033F (USD Million)
12.3.2.2. Foam Blowing Agents, 2022-2033F (USD Million)
12.3.2.3. Mobile Air-Conditioning Systems, 2022-2033F (USD Million)
12.3.2.4. Others, 2022-2033F (USD Million)
12.3.3. By Country
12.3.3.1. US, 2022-2033F (USD million)
12.3.3.2. Canada, 2022-2033F (USD million)
13. Europe Hydrofluoroolefins (HFOs) Market Outlook
13.1. Market Overview
13.2. By Value (USD million)
13.3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2022-2033
13.3.1. By Product Type
13.3.2. By Application
13.3.3. By Country
13.3.3.1. Germany, 2022-2033F (USD million)
13.3.3.2. France, 2022-2033F (USD million)
13.3.3.3. Italy, 2022-2033F (USD million)
13.3.3.4. UK, 2022-2033F (USD million)
13.3.3.5. Spain, 2022-2033F (USD million)
13.3.3.6. Russia, 2022-2033F (USD million)
13.3.3.7. Netherlands, 2022-2033F (USD million)
13.3.3.8. Rest of Europe, 2022-2033F (USD million)
14. Asia Pacific Hydrofluoroolefins (HFOs) Market Outlook
14.1. Market Overview
14.2. By Value (USD million)
14.3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2022-2033
14.3.1. By Product Type
14.3.2. By Application
14.3.3. By Country
14.3.3.1. China, 2022-2033F (USD million)
14.3.3.2. Japan, 2022-2033F (USD million)
14.3.3.3. India, 2022-2033F (USD million)
14.3.3.4. South Korea, 2022-2033F (USD million)
14.3.3.5. Australia, 2022-2033F (USD million)
14.3.3.6. Rest of Asia Pacific, 2022-2033F (USD million)
15. Latin America Hydrofluoroolefins (HFOs) Market Outlook
15.1. Market Overview
15.2. By Value (USD million)
15.3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2022-2033
15.3.1. By Product Type
15.3.2. By Application
15.3.3. By Country
15.3.3.1. Brazil, 2022-2033F (USD million)
15.3.3.2. Argentina, 2022-2033F (USD million)
15.3.3.3. Mexico, 2022-2033F (USD million)
15.3.3.4. Rest of Latin America, 2022-2033F (USD million)
16. Middle East and Africa Hydrofluoroolefins (HFOs) Market Outlook
16.1. Market Overview
16.2. By Value (USD million)
16.3. Hydrofluoroolefins (HFOs) Market Segmentation Analysis 2022-2033
16.3.1. By Product Type
16.3.2. By Application
16.3.3. By Country
16.3.3.1. GCC, 2022-2033F (USD million)
16.3.3.2. Israel, 2022-2033F (USD million)
16.3.3.3. South Africa 2022-2033F (USD million)
16.3.3.4. Rest of Middle East and Africa, 2022-2033F (USD million)
Companies Mentioned
- Arkema
- DuPont de Nemours Inc.
- The Chemours Company
- Danfoss
- Linde plc
- Honeywell International Inc.
