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Japan HFO-1234yf Market Size and Forecasts Research Report 2021-2025

According to a new research report titled HFO-1234yf Market Global Industry Perspective, Comprehensive Analysis And Forecast by 2021 – 2025

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The latest report on the HFO-1234yf Market 2021 industry takes a closer look at the value chain assessment for the forecast period, 2021 to 2025. 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.

Global HFO-1234yf market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of XX between 2021 and 2025.

Get a Sample PDF copy of HFO-1234yf Market @ https://reportsinsights.com/sample/267840

Key Competitors of the Global HFO-1234yf Market are:
Honeywell, Chemours

The ‘Global HFO-1234yf Market Research Report’ is a comprehensive and informative study on the current state of the Global HFO-1234yf Market industry with emphasis on the global industry. The report presents key statistics on the market status of the global HFO-1234yf market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Major Product Types covered are:

Automotive Air Conditioning
Domestic Refrigeration

Major Applications of HFO-1234yf covered are:

Personal
Commerical

To get this report at a profitable rate.: https://reportsinsights.com/discount/267840

Regional HFO-1234yf Market (Regional Output, Demand & Forecast by Countries):-
North America (United States, Canada, Mexico)
South America ( Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.

The research report studies the past, present, and future performance of the global market. The report further analyzes the present competitive scenario, prevalent business models, and the likely advancements in offerings by significant players in the coming years.

Key Questions answered by the Report

  • What will be the growth rate of the Global HFO-1234yf Market 2021 for the forecast period 2021 to 2025?
  • What will be the market size during this estimated period?
  • What will be the growth areas within the market space and where should the participant focus to gain maximum ROI?
  • Who are the prominent industries players dominating the Global HFO-1234yf Market and what are their business strategies to stay ahead in the competition against their rivals?
  • What are kind of challenges hindering the development of the industry worldwide?
  • Competitive landscape of the Global HFO-1234yf Market
  • What are the opportunities business owners can rely upon to earn more profits and stay competitive during the estimated period?
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards Global HFO-1234yf market performance

Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://reportsinsights.com/industry-forecast/HFO-1234yf-Market-267840

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