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MarketersMEDIA / Newsroom / HFO-1234yf Industry To Reach USD 6370 Million at 6.0% of CAGR Till 2023 – Global Forecast Report

HFO-1234yf Industry To Reach USD 6370 Million at 6.0% of CAGR Till 2023 – Global Forecast Report

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The report scrutinizes the market by an exhaustive analysis on Global HFO-1234yf Market 2018 dynamics, market size, growth, shares, applications, current trends, demand, suppliers, challenges, forecasts, competition analysis, and top key players involved.

— The worldwide HFO-1234yf Market is expected to grow at a CAGR of roughly 6.0% over the next five years, will reach 6370 million US$ in 2023, from 4490 million US$ in 2017, according to a new study.

The HFO-1234yf Industry report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The HFO-1234yf industry analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

Get Sample Copy of this Report at - https://www.orianresearch.com/request-sample/574811 .

HFO-1234yf has cooling properties that are similar to R134a, which has been used as an automotive refrigerant. HFO-1234yf, has a global-warming potential (GWP) four times lower than previously calculated below that of carbon dioxide. Europe regulations call for low-GWP refrigerant in all new vehicles in 2017.

HFC-1234yf is a refrigerant with zero ozone layer depletion and very low global warming potential (GWP). Europe regulations call for low-GWP refrigerant in all new vehicles in 2017. In 2016, the global HFO-1234yf consumption market is led by Europe, capturing about 61.89% of global HFO-1234yf sales. The U.S. EPA greenhouse gas regulation set standards based on a presumed across-the-board conversion between 2017 and 2022. North America is the second-largest region-wise market with 27.41% global consumption share in 2016.

Honeywell and DuPont have actually used to produce R-1234yf at industrial scale. R-1234yf is the ideal substitutes for R134a refrigerant. DuPont has completed the separation of its Performance Chemicals segment through the spin-off of The Chemours Company (Chemours). Now Chemours is in charge of HFC-1234yf business.

HFC-1234yf is monopoly by Honeywell and Chemours. They licensed its proprietary process technologies to produce the HFC-1234yf to manufacturers in China, Japan. Such as, China Juhua will make Solstice yf in China for Honeywell, which in turn will market and sell the refrigerant to customers in Europe and USA.

In global market, Honeywell is the global leader, which has started commercial operations at its new manufacturing plant in Geismar, La., to meet the growing global demand for its next-generation mobile air conditioning refrigerant. With this start-up, the plant has become the world's largest site for producing HFO-1234yf, sold commercially as Solstice yf.

The production of HFO-1234yf increases from 3950 MT in 2012 to 10571 MT in 2016, at a CAGR of more than 27.90%. Honeywell is the world leader, holding 54.61% production market share and Chemours holding about 45.39% in 2016.

In application, HFO-1234yf downstream is wide and recently HFO-1234yf has acquired increasing significance in various fields of automotive air conditioning and domestic refrigeration. Globally, the HFO-1234yf market is mainly driven by growing demand for automotive air conditioning which accounts for nearly 98.38% of total downstream consumption of HFO-1234yf in global.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, HFO-1234yf production will show a trend of steady growth. In 2023 the production of HFO-1234yf is estimated to be 33966 MT.

Complete report on HFO-1234yf Industry spread across 147 pages, profiling 02 and many more companies and supported with tables and figures. Inquire for more at - https://www.orianresearch.com/enquiry-before-buying/574811 .

The Manufacturers Analyzed in Global HFO-1234yf Market are –
• Honeywell
• Chemours
• ……..

Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
• Automotive Air Conditioning
• Domestic Refrigeration

Market Segment by Applications, can be divided into
• Personal
• Commerical

Get Direct Copy of this Report @ https://www.orianresearch.com/checkout/574811 .

There are 15 Chapters to deeply display the Global HFO-1234yf Market -
Chapter 1, to describe HFO-1234yf Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of HFO-1234yf, with sales, revenue, and price of HFO-1234yf, in 2016 and 2018;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2018;
Chapter 4, to show the global market by regions, with sales, revenue and market share of HFO-1234yf, for each region, from 2012 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2012 to 2018;
Chapter 12, HFO-1234yf Market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe HFO-1234yf sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

Major Points Covered in Table of Contents:
1 Market Overview
2 Manufacturers Profiles
3 Global HFO-1234yf Market Competition, by Manufacturer
4 Global HFO-1234yf Market Analysis by Regions
5 North America HFO-1234yf by Countries, Type, Application and Manufacturers
6 Europe HFO-1234yf by Countries, Type, Application and Manufacturers
7 Asia-Pacific HFO-1234yf by Countries, Type, Application and Manufacturers
8 South America HFO-1234yf by Countries, Type, Application and Manufacturers
9 Middle East and Africa HFO-1234yf by Countries, Type, Application and Manufacturers
10 Global HFO-1234yf Market Segment by Type
11 Global HFO-1234yf Market Segment by Application
12 HFO-1234yf Market Forecast (2018-2023)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
Author List
Disclosure Section
Research Methodology
Data Source

About Us
Orian Research is one of the most comprehensive collections of market intelligence reports on the World Wide Web. Our reports repository boasts of over 500000+ industry and country research reports from over 100 top publishers. We continuously update our repository so as to provide our clients easy access to the world's most complete and current database of expert insights on global industries, companies, and products. We also specialize in custom research in situations where our syndicate research offerings do not meet the specific requirements of our esteemed clients.

Contact Info:
Name: Ruwin Mendez
Email: Send Email
Organization: Orian Research
Website: https://www.orianresearch.com/report/global-hfo-1234yf-market-by-manufacturers-regions-type-and-application-forecast-to-2023/574811

Source URL: https://marketersmedia.com/hfo-1234yf-industry-to-reach-usd-6370-million-at-6-0-of-cagr-till-2023-global-forecast-report/376530

Source: MarketersMedia

Release ID: 376530

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