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 2018.
New York, NY -- (SBWIRE) -- 09/21/2018 -- 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 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.
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The major manufacturers covered in this report
- Honeywell
- Chemours
- Other
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
North America, Europe, China, Japan, India, Southeast Asia, Other regions (Central & South America, Middle East & Africa)
Exploring growth rate over a period
Business owners looking to scale up their business can refer this report that contains data regarding the rise in sales within a given consumer base for the forecast period, 2018 to 2025. Product owners can use this information along with the driving factors such as demographics and revenue generated from other products discussed in the report to get a better analysis of their products and services. Besides, the research analysts have compared the market growth rate with the product sales to enable business owners to determine the success or failure of a specific product or service.
Grow with the trend
The HFO-1234yf helps product owners learn how certain trends will shape the growth of the HFO-1234yf industry over a long term. The study closely looks at the historical price pattern of various products and services and empowers entrepreneurs to form the right opinion about the future trends. Accordingly, business owners will be able to decide their course of action and make a wise decision.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Market segment by Type, the product can be split into
- Automotive Air Conditioning
- Domestic Refrigeration
Market segment by Application, split into
- Personal
- Commerical
Secondary Research Model:
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Final Presentation:
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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