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Global Hydrochlorofluorocarbons (HCFCs) Market Insight
2022-01-06 Comments

The Hydrochlorofluorocarbons (HCFCs) is forecast to decline over the next four years. According to the World Knowledge Information (WKI) “Global Hydrochlorofluorocarbons (HCFCs) Professional Survey Report 2020, Forecast to 2025”, the destruction of the ozone layer by these compounds is inferior to CFC, but they are also internationally recognized ozone depleting substances and will be gradually replaced, the compound annual growth rate (CAGR) for the period 2021-2026 is expected to be -3.50%.

Analysts’ Viewpoint:

Senior analyst of WKI chemical and Materials Market Research Center said that refrigerants are expected to provide various opportunities for market growth. “It is expected that the cleaning agent and refrigerant industry will dominate the global hydrochlorofluorocarbon market in the forecast period.”

Market insight:

Hydrochlorofluorocarbons (HCFCs) are transitional refrigerants because of the existence of hydrogen, which greatly weakens its destructive effect on the ozone layer According to the latest adjustment of the Montreal Protocol on substances that Deplete the ozone layer, HCFCs will be phased out, and it is planned to implement the complete phase out except maintenance and special uses in 2030.

Competition Landscape:

This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Hydrochlorofluorocarbons (HCFCs) companys that include Meilan Chem,Sanmei,3F .etc.

Segmentation of Hydrochlorofluorocarbons (HCFCs) Market:

Hydrochlorofluorocarbons (HCFCs) can be divided into: HCFC-22, HCFC-141b, hcfc-142b, HCFC-123, hcfc-124, etc. At present, R22 is widely used in the air conditioning and refrigeration industry. The main reason is that R22 has superior physical characteristics and refrigeration performance in the air conditioning temperature zone, stable performance, mature technology and low price.According to the application, it can be roughly divided into: refrigerant, foaming agent, chemical materials and others. Refrigerant will dominate the market of HCFC, but with the improvement of people’s awareness of environmental protection, this compound will also be replaced.

Hydrochlorofluorocarbons (HCFCs) Market: Regional Analysis

In terms of geography, the global Hydrochlorofluorocarbons (HCFCs) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region accounts for the largest market share of total consumption. Due to the excellent refrigeration enterprises in China, India and other regions, the Asia Pacific region is the largest consumer of hydrochlorofluorocarbons. China is one of the largest and fastest growing economies in the world. It has a huge industrial production and a huge population base, and its per capita income is also growing. China’s large-scale industrialization has led to an increasing demand for hydrochlorofluorocarbons. Therefore, China will occupy the main market in the Asia Pacific region.

Cagr: -3.50%
Largest share area:Asia-Pacific
Largest share country:China