Home / Advanced Materials / Hydrofluoroolefins Market By Type (HFO-1234yf, HFO-1234ze), By Application (Air-Conditioning, Refrigeration, Aerosols, Blowing Agents, Solvents) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Hydrofluoroolefins Market By Type (HFO-1234yf, HFO-1234ze), By Application (Air-Conditioning, Refrigeration, Aerosols, Blowing Agents, Solvents) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Published: Jan 2018 | Report Code: 58938-01-18

HFOs are composed from hydrogen, fluorine and carbon compounds similar to HFCs, but they are structurally different. HFOs have very short atmospheric life leading to distinct environmental benefits. HFOs are subject to all the legislation that applies to the supply and use of chemicals, including REACH in the EU. HFOs are the fourth generation of refrigerants, with each generation being a step-change improvement on the previous generation. HFOs possesses same qualities as of HFCs, but with very low GWPs (Global Warming Potential) and zero ODP. European Directive on mobile air-conditioning systems (MACs) to reduce emissions of fluorinated greenhouse gases has led to the use of HFOs as potential refrigerants in air-conditioning of all new vehicle type, which in-turn bolstered the overall market growth.

In terms of application, air-conditioning and refrigeration are the two leading application of HFO refrigerants. Rising global economy and per capita disposable incomes in especially developing nations, the demand for refrigerants is expected to flourish in the coming years. Moreover, increasing consumption of refrigerants in end-use industry such as food & beverages and automobiles sector coupled with improved living standards leading to surging demand for air conditioning are some major factors propelling the growth of the global HFO market. Further, increasing usage of mobile air-conditioning and high-pressure chillers especially in commercial refrigeration is another major factor driving the overall growth. Further, the environmental concerns such as ozone layer depletion and global warming associated with the use of traditional refrigerants have led to the formation of strict protocols and regulations, this is will also support the growth of low GWP alternative such as HFOs.

Based on type, HFO-1234yf segment dominated the global market in 2016 and is expected to maintain its position throughout the forecast period owing to increasing consumer awareness towards environment protection coupled with strict regulations on the use of hazardous and toxic refrigerants in mobile air-conditioning and refrigeration. HFO-1234yf segment is followed by HFO-1234ze in terms of market value share. Increasing demand from chillers and blowing agent applications is projected to drive the HFO-1234ze segment over the forecast period.

North America is projected to account for the largest share owing to growing demand for refrigeration and air conditioning equipment from the commercial sector coupled with presence of environment regulatory bodies compelling market players to use low GWP alternative prompting the market growth in this region. Asia Pacific is also expected to be the lucrative region owing to factors such as increasing urbanization, presence of favorable market conditions and improving living standards has bolstered the overall demand for cooling appliances and refrigeration in the commercial and residential sectors. Also, cheap labor, availability of raw materials, supportive government policies and increasing domestic demand of low GWP alternative in China are some other aspects motivating market players to invest to increase production facility. However, factors such as mild flammability, high cost, production of toxic by-product and availability of natural refrigerants is projected to hamper the market growth over the forecast period.

Hydrofluoroolefins Market

1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Top Down & Bottom Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot
2.2. Global Hydrofluoroolefins Market, by Type, 2016
2.3. Global Hydrofluoroolefins Market, by Application, 2016
2.4. Global Hydrofluoroolefins Market, by Region, 2016
2.5. Global Hydrofluoroolefins Market: Premium Insight
2.5.1. Attractive Market Opportunities in the Hydrofluoroolefins Market
2.5.2. Global Hydrofluoroolefins Market: Developed vs. Developing Economy
2.5.3. Global Hydrofluoroolefins Market: Asia Pacific Market Analysis
2.5.4. Global Hydrofluoroolefins Market: Regional Life Cycle Analysis

3. Global Hydrofluoroolefins Market: Market Dynamics
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Future Prospects
3.3. Attractive Investment Proposition, by Geography
3.4. Porter’s Analysis
3.4.1. Supplier Power
3.4.2. Buyer Power
3.4.3. Threat of Substitutes
3.4.4. Threat of New Entrants
3.4.5. Industry Rivalry
3.5. Value Chain Analysis
3.6. Market Positioning of Key Players

4. Global Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 -2025
4.1. Overview
4.1.1. Market Share Analysis, by Type, 2016 vs. 2025 (Value, %)
4.1.2. Attractive Investment Proposition, by Type
4.2. HFO-1234yf
4.3. HFO-1234ze
4.4. Others

5. Global Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 -2025
5.1. Overview
5.1.1. Market Share Analysis, by Application, 2016 vs 2025 (Value %)
5.1.2. Attractive Investment Proposition, by Application
5.2. Air-conditioning
5.3. Refrigeration
5.4. Aerosols
5.5. Blowing Agents
5.6. Solvents

6. Global Hydrofluoroolefins Market Size (US$ Mn), by Geography, 2016 -2025
6.1. Overview
6.1.1. Market Share Analysis, by Geography, 2015 vs. 2025
6.2. North America
6.2.1. North America Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.2.2. North America Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.2.3. North America Hydrofluoroolefins Market Size (US$ Mn), by Country, 2016 - 2025
6.2.3.1. U.S.
6.2.3.1.1. U.S. Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.2.3.1.2. U.S. Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.2.3.2. Canada
6.2.3.2.1. Canada Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.2.3.2.2. Canada Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.3. Europe
6.3.1. Europe Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.3.2. Europe Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.3.3. Europe Hydrofluoroolefins Market Size (US$ Mn), by Region, 2016 - 2025
6.3.3.1. Germany
6.3.3.1.1. Germany Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.1.2. Germany Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.3.3.2. France
6.3.3.2.1. France Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.2.2. France Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.3.3.3. U.K.
6.3.3.3.1. U.K. Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.3.2. U.K. Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.3.3.4. Italy
6.3.3.4.1. Italy Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.5. Italy Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.3.3.6. Rest of Europe
6.3.3.6.1. Rest of Europe Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.3.3.6.2. Rest of Europe Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.4. Asia Pacific
6.4.1. Asia Pacific Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.4.2. Asia Pacific Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.4.3. Asia Pacific Hydrofluoroolefins Market Size (US$ Mn), by Country, 2016 - 2025
6.4.3.1. China
6.4.3.1.1. China Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.4.3.1.2. China Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.4.3.2. India
6.4.3.2.1. India Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.4.3.2.2. India Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.4.3.3. Japan
6.4.3.3.1. Japan Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.4.3.3.2. Japan Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.4.3.4. Rest of Asia Pacific
6.4.3.4.1. Rest of Asia Pacific Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.4.3.4.2. Rest of Asia Pacific Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.5. Latin America (LATAM)
6.5.1. Latin America Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.5.2. Latin America Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.5.3. Latin America Hydrofluoroolefins Market Size (US$ Mn), by Country, 2016 - 2025
6.5.3.1. Brazil
6.5.3.1.1. Brazil Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.5.3.1.2. Brazil Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.5.3.2. Mexico
6.5.3.2.1. Mexico Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.5.3.2.2. Mexico Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.5.3.3. Rest of Latin America
6.5.3.3.1. Rest of Latin America Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.5.3.3.2. Rest of Latin America Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.6. Middle East and Africa (MEA)
6.6.1. Middle East & Africa Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.6.2. Middle East & Africa Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.6.3. Middle East & Africa Hydrofluoroolefins Market Size (US$ Mn), by Region, 2016 - 2025
6.6.3.1. GCC
6.6.3.1.1. GCC Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.6.3.1.2. GCC Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025
6.6.3.2. Rest of MEA
6.6.3.2.1. Rest of MEA Hydrofluoroolefins Market Size (US$ Mn), by Type, 2016 - 2025
6.6.3.2.2. Rest of MEA Hydrofluoroolefins Market Size (US$ Mn), by Application, 2016 - 2025

7. Profiles
7.1. Competitive Dashboard
7.2. Honeywell
7.2.1. Business Description
7.2.2. Financial Information (Subject to data availability)
7.2.3. Product Portfolio
7.2.4. Business Strategy
7.3. Chemours
7.4. Huntsman
7.5. Arkema
7.6. Dupont
7.7. Gas Servei, S.A.
7.8. National Refrigerants
7.9. Solvay
7.10. Harp International
7.11. Other Notable Players

List Of Table :

TABLE 1 Market Snapshot: Global Hydrofluoroolefins Market Value
TABLE 2 North America Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 3 North America Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 4 North America Hydrofluoroolefins Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 5 U.S. Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 6 U.S. Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 7 Canada Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 8 Canada Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 9 Europe Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 10 Europe Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 11 Europe Hydrofluoroolefins Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 12 Germany Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 13 Germany Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 14 France Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 15 France Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 16 U.K. Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 17 U.K. Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 18 Italy Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 19 Italy Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 20 Rest of Europe Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 21 Rest of Europe Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 22 Asia Pacific Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 23 Asia Pacific Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 24 Asia Pacific Hydrofluoroolefins Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 25 China Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 26 China Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 27 India Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 28 India Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 29 Japan Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 30 Japan Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 31 Rest of Asia Pacific Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 32 Rest of Asia Pacific Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 33 Latin America Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 34 Latin America Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Bn)
TABLE 35 Latin America Hydrofluoroolefins Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 36 Brazil Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 37 Brazil Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 38 Mexico Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 39 Mexico Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 40 Rest of Latin America Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 41 Rest of Latin America Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 42 Middle East & Africa Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 43 Middle East & Africa Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 44 Middle East and Africa Hydrofluoroolefins Market Value, by Country, 2016-2025 (US$ Mn)
TABLE 45 GCC Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 46 GCC Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 47 Rest of Middle East Hydrofluoroolefins Market Value, by Type, 2016-2025 (US$ Mn)
TABLE 48 Rest of Middle East & Africa Hydrofluoroolefins Market Value, by Application, 2016-2025 (US$ Mn)
TABLE 49 Honeywell: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 50 Chemours: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 51 Huntsman: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 52 Arkema: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 53 Dupont: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 54 Gas Servei, S.A.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 55 National Refrigerants: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 56 Solvay: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)
TABLE 57 Harp International: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies / News Coverage)

List Of Figures :

FIG. 1 Global Hydrofluoroolefins Market: Research Methodology
FIG. 2 Global Hydrofluoroolefins Market Value (US$ Mn), by Type, 2016
FIG. 3 Global Hydrofluoroolefins Market Value (US$ Mn), by Application, 2016
FIG. 4 Global Hydrofluoroolefins Market Value (US$ Mn), by Geography, 2016
FIG. 5 Attractive Market Opportunities in the Hydrofluoroolefins Market
FIG. 6 Global Hydrofluoroolefins Market: Developed vs. Developing Economy
FIG. 7 Global Hydrofluoroolefins Market: Asia Pacific Market Analysis
FIG. 8 Global Hydrofluoroolefins Market: Regional Life Cycle Analysis
FIG. 9 Attractive Investment Proposition, by Geography
FIG. 10 Key Positioning of Market Players
FIG. 11 Porter's Analysis
FIG. 12 Value Chain Analysis
FIG. 13 Market Positioning of Key Players
FIG. 14 Global Hydrofluoroolefins Market Value Share, by Type, 2016 & 2025 (% Value)
FIG. 15 Global Hydrofluoroolefins Market Value, by HFO-1234yf, 2016 – 2025 (US$ Mn)
FIG. 16 Global Hydrofluoroolefins Market Value, by HFO-1234ze, 2016 – 2025 (US$ Mn)
FIG. 17 Global Hydrofluoroolefins Market Value, by Others, 2016 – 2025 (US$ Mn)
FIG. 18 Global Hydrofluoroolefins Market Value Share, by Application, 2016 & 2025 (% Value)
FIG. 19 Global Hydrofluoroolefins Market Value, by Air-conditioning, 2016 – 2025 (US$ Mn)
FIG. 20 Global Hydrofluoroolefins Market Value, by Refrigeration, 2016 – 2025 (US$ Mn)
FIG. 21 Global Hydrofluoroolefins Market Value, by Aerosols, 2016 – 2025 (US$ Mn)
FIG. 22 Global Hydrofluoroolefins Market Value, by Blowing Agents, 2016 – 2025 (US$ Mn)
FIG. 23 Global Hydrofluoroolefins Market Value, by Solvents, 2016 – 2025 (US$ Mn)
FIG. 24 Global Hydrofluoroolefins Market Value Share, by Geography, 2016 & 2025 (Value %)

The global hydrofluoroolefins market can be categorized on the basis of type as:

  • HFO-1234yf
  • HFO-1234ze
  • Others (HFO-1233zd, HFO-1336mzz etc.)

HFO-1234yf blend accounted for the largest share in the global hydrofluoroolefins market by type in 2016 and is estimated to sustain its dominance over the forecast period from 2017 to 2025. This is owing to high demand for efficient replacement of traditional refrigerants with low impact on environment especially from air conditioning and refrigeration applications. Moreover, HFO-1234yf refrigerant is preferred over other types by automobile manufacturers such as Honda, Cadillac, Chevrolet for mobile air-conditioning due to its similar performance to HFC-134a, is further fueling the growth of this segment. However, flammability issue raised by the automotive giant Daimler AG led other manufacturers to switch to other alternatives, which has impacted the market growth. Further, lower volumetric capacity and flammability is expected to impede the market growth during the forecast period. HFO-1234ze accounted for the second largest market value share in 2016. HFO-1234ze is easy to manufacture and cheaper than HFO-1234yf. This blend finds its application mainly in large chillers, blowing agent and propellants owing to its non-ozone-depleting, non-flammable and very low GWP properties which is further supplementing the overall market growth. Others include blends such as HFO-1233zd, HFO-1336mzz, etc. has very niche application and are not widely used in end-use industry.

Hydrofluoroolefins Market

The global hydrofluoroolefin market can be categorized on the basis of application as:

  • Air Conditioning
  • Refrigeration
  • Aerosol propellants
  • Blowing Agents
  • Solvents

Hydrofluoroolefins Market

By application, air conditioning segment dominated the global hydrofluoroolefin market in 2016 and is expected to maintain its dominance over the forecast period. This is primarily due to rising demand for efficient air conditioning systems across several end use industry. HFO’s are the most viable emerging alternative for traditional refrigerants used in air-conditioning application with very low GWP and ODP. Moreover, increase in global temperature and improvisation in living standards of consumers especially in developing economies are some other major aspects driving the growth of the global air-conditioning market, leading to increased adoption of HFO’s globally. Air-conditioning segment is followed by refrigeration systems, HFO’s finds its application in domestic and commercial refrigeration. With eventual HFCs phase-down in North America and European region as it is detrimental to the environment, HFOs are considered as a viable replacement in refrigeration systems in these regions. Therefore, fuelling the demand of HFO across the globe. Use of low-GWP alternatives in aerosols propellant and blowing agents is further expected to push the overall demand for HFO’s worldwide.

The global hydrofluoroolefins market can be categorized on the basis of regions and countries as:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • Rest of MEA

Hydrofluoroolefins Market

In 2016, North America held the largest market value share and is projected to remain dominant during the forecast period. Strict regulations laid down by U.S. EPA to eliminate HFC from different applications and replace it with other low GWP alternatives such as HFO, CO2, natural refrigerants etc. is the major aspect driving the market growth in this region. Investment in new production facility of HFO to cater increasing demand for low GWP alternative coupled with U.S. automobile manufacturer’s commitment to use HFO-1234yf in chillers and commercial refrigeration also boosting the demand in the region. North America is followed by European region in terms of market value share in 2016. European regulation on mitigating the emission of fluorinated greenhouse gases has triggered the development and use of environmental friendly refrigerants. As per EU MAC Directive, all new vehicle types are restricted to use a refrigerant with a global warming potential (GWP) of more than 150, consequently has propelled the demand of HFOs in the region. Asia Pacific is also one of the lucrative region in the global hydrofluoroolefin market due to increasing demand from growing application. Moreover, availability of cheap and skilled labor as well as favorable governmental policies are attracting several HFO’s manufacturers to set up their facilities in Asia-Pacific countries, thus driving the growth of Asia Pacific HFOs market. For instance, in July 2015, Chemours doubled its supply capacity of HFO-1234yf to cater the domestic demand of Low GWP refrigerants from mobile air-conditioning and refrigeration. Latin America and Middle East & Africa region is expected to witness slow growth rate compared to other regions owing to lenient environmental policy and low awareness of environmental issues related with the use of HFCs in end-use industry.

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