Global HCFCs Market Research Report 2023(Status and Outlook)

Global HCFCs Market Research Report 2023(Status and Outlook)

Report Overview

Hydrochlorofluorocarbons, commonly known as HCFCs, are a group of man-made compounds containing hydrogen, chlorine, fluorine and carbon. They are not found anywhere in nature. HCFC production began to take off after countries agreed to phase out the use of CFCs in the 1980s, which were found to be destroying the ozone layer. Like CFCs, HCFCs are used for refrigeration, aerosol propellants, foam manufacture and air conditioning.

While many HCFCs are in the list of controlled substances, only HCFC-22, -123, -124, -141b and -142b bare consumed in significant quantities.

The major players in global HCFCs market include Dongyue Group, Zhejiang Juhua, Meilan Chem, etc. The top 3 players occupy about 55% shares of the global market. Asia-Pacific is the main market, and occupies about 80% shares of the global market. HCFC-22 is the main type, with a share about 80%. Food and Health Industry is the main application, which holds a share about 80%.

The Global HCFCs Market Size was estimated at USD 676.00 million in 2022 and is projected to reach USD 444.94 million by 2029, exhibiting a CAGR of -5.80% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global HCFCs market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global HCFCs Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the HCFCs market in any manner.

Global HCFCs Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Gujarat Fluorochem

Navin Fluorine

Arkema

Dongyue Group

Zhejiang Juhua

Meilan Chem

Sanmei

3F

Yingpeng Chem

Linhai Limin

Bluestar

Shandong Huaan

Zhejiang Yonghe

China Fluoro

Zhejiang Lantian

Market Segmentation (by Type)

HCFC-22

HCFC-141b

HCFC-142b

HCFC-123

HCFC-124

Market Segmentation (by Application)

Chemicals

Food & Beverages

Water Treatment

Oil & Gas

Power

Other

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the HCFCs Market

Overview of the regional outlook of the HCFCs Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors