Research Nester published a report titled “Hydrofluoroolefins (HFOs) Market: Global Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global hydrofluoroolefins (HFOs) market in terms of market segmentation by product type, application, end user industry, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global hydrofluoroolefins (HFOs) market is estimated to garner a revenue of USD 16.47 billion by the end of 2036 by growing at a CAGR of 15.1% over the forecast period, i.e., 2024 – 2036. ascribing to the rising utilization of HFOs in applications such as foam blowing and automotive-based air conditioning globally. Along with these, growing use of the material for manufacturing polyurethane foams used in automotive and construction sectors, and escalating production of vehicles around the world are also expected to accelerate the growth of the market in the years to come.

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The market is segmented by product type, application and end user industry. Based on product type, the HFO-1234yf segment is anticipated to acquire the largest share during the forecast period on the back of the high energy efficiency and lesser emissions produced by this type of HFO. Additionally, by application, the foam blowing agents segment is projected to grab the largest share over forecast period attributing to the increasing usage of HFOs for manufacturing polyurethane foam used in several industries, including construction and automobiles.

Geographically, the global hydrofluoroolefins (HFOs) market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is anticipated to witness noteworthy growth in the market during the forecast period attributing to the increasing construction activities, and surging production of automobiles in emerging economies in the region. Moreover, the market in North America is assessed to gather a notable share by the end of 2036 ascribing to the introduction of environmental regulations for controlling global warming in the region, such as Significant New Alternatives Policy (SNAP) Program of the U.S. Environmental Protection Agency.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Usage of HFOs in Foam Blowing and Automotive-Based Air Conditioning Worldwide to Drive Market Growth

Hydrofluoroolefins are widely used as blowing agents for manufacturing polyurethane foams used primarily in construction and automobile industries. This can be credited to the fact that HFOs are capable to produce premium quality foams that can be both flexible and rigid, with non-toxic nature. The factor, in turn, is anticipated to accelerate the growth of the market in the near future.

However, flammability of HFO when used as a propellant is expected to operate as key restraint to the growth of the global hydrofluoroolefins (HFOs) market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global hydrofluoroolefins (HFOs) market which includes company profiling of Honwywell International, Inc., Mitsubishi Corporation, Arkema, Inc., Solvay S.A., DuPont de Nemours, Inc., The Chemours Company, Danfoss, Linde plc, Kirloskar Group, Lambiotte et Compagnie S.A., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global hydrofluoroolefins (HFOs) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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