What is Hydrofluoroolefins (HFOs) Market?
Hydrofluoroolefins (HFOs) are unsaturated organic compounds composed of hydrogen, fluorine and carbon which are used as refrigerants in household and car Air Conditioning (AC) systems. HFOs are more environmentally friendly alternatives to HCFCs (hydrochlorofluorocarbons), CFCs (chlorofluorocarbons), and HFCs (hydrofluorocarbons). The factors such as Increased Applications of Hydrofluoroolefins (HFOs) in Automotive Air-conditioning Systems and Increasing Use of Hydrofluoroolefins (HFOs) in Manufacturing Polyurethane Foams are the key drivers for the global Hydrofluoroolefins (HFOs) market.
The market study is being classified by Type (HFO-1234ze, HFO-1234yf, HFO-1233zd, HFO-1336mzz and Others), by Application (Commercial Refrigeration, Domestic Refrigeration, Foam Blowing Agents, Aerosol Propellants, Mobile Air-Conditioning Systems (MACs) and Precision Solvent Cleaners) and major geographies with country level break-up.
Arkema (France), Honeywell (United States), DowDuPont (United States), Chemours (United States), Linde plc (Ireland), HCS Group GmbH (Germany), Solvay (Belgium), Foam Supplies (United States), Lambiotte and Cie (Belgium) and Danfoss (Denmark) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Hydrofluoroolefins (HFOs) market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Hydrofluoroolefins (HFOs) market by Type, Application and Region.
On the basis of geography, the market of Hydrofluoroolefins (HFOs) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Applications of Hydrofluoroolefins (HFOs) in Automotive Air-conditioning Systems
- Increasing Use of Hydrofluoroolefins (HFOs) in Manufacturing Polyurethane Foams
- High Demand for Environmental Friendly Alternatives
- Risks Associated with Hydrofluoroolefins (HFOs) Applications
- Growing Demand from End-users
- Increased Investments in Hydrofluoroolefins (HFOs) Manufacturing
- Availability of Alternatives in the Market
Key Target AudienceHydrofluoroolefins (HFOs) Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
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