Global R-1234ze Refrigerant Market Growth 2023-2029

Global R-1234ze Refrigerant Market Growth 2023-2029

The global R-1234ze Refrigerant market size is projected to grow from US$ 99.8 million in 2022 to US$ 183.9 million in 2029; it is expected to grow at a CAGR of 9.1% from 2023 to 2029.

The R-1234ze Refrigerant is manufactured only by Honeywell due to patent protection.

Europe is the world's largest market, accounting for about 42%. It is followed by North America, with about 36%. Europe and North America will remain the world's top two markets in the future.

R-1234ze Refrigerant is mainly divided into two types: industrial refrigerant and commercial refrigerant. The market share of industrial refrigerant is about 63%. The market share of commercial refrigerants is expected to increase in the future.

In terms of application, it is mainly used in chillers, heat pump and other downstream industrial products. The chillers market accounts for about 50% and is expected to increase.

R1234ze, also known as HFO-1234ze, with the chemical name of 1,3,3,3-tetrafluoropropene, has the advantages of non-toxicity, non-flammability, no flash point, and stable chemical properties, and is mainly used as a refrigerant. Compared with the first three generations of refrigerants, R1234ze has zero ODP (Ozone Depleting Potential), low GWP (Global Warming Potential), does not destroy the ozone layer and has low greenhouse effect, and has obvious environmental advantages.

R-1234ze refrigerant product is an exclusive patented product of Honeywell. The report focus on R-1234ze refrigerant market.

LPI (LP Information)' newest research report, the “R-1234ze Refrigerant Industry Forecast” looks at past sales and reviews total world R-1234ze Refrigerant sales in 2022, providing a comprehensive analysis by region and market sector of projected R-1234ze Refrigerant sales for 2023 through 2029. With R-1234ze Refrigerant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world R-1234ze Refrigerant industry.

This Insight Report provides a comprehensive analysis of the global R-1234ze Refrigerant landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on R-1234ze Refrigerant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global R-1234ze Refrigerant market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for R-1234ze Refrigerant and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global R-1234ze Refrigerant.

This report presents a comprehensive overview, market shares, and growth opportunities of R-1234ze Refrigerant market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Industrial Refrigerant
Commercial Refrigerant

Segmentation by application
Chillers
Heat Pump
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Honeywell

Key Questions Addressed in this Report

What is the 10-year outlook for the global R-1234ze Refrigerant market?

What factors are driving R-1234ze Refrigerant market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do R-1234ze Refrigerant market opportunities vary by end market size?

How does R-1234ze Refrigerant break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.