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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.
HFO-1234YF by Type, and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
HFO-1234YF by Segments

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?

For any questions related to Hfo-1234Yf Market, Hfo-1234Yf Market Size, Hfo-1234Yf Market Growth, Hfo-1234Yf Market Analysis, Hfo-1234Yf Market Report, Hfo-1234Yf Market Share, Hfo-1234Yf Market Trends, Hfo-1234Yf Market Forecast, Hfo-1234Yf Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
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
4.2.1: 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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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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