HFO-1234YF Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

A more than 150-page report is developed to help in your business decisions.

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?