Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The chlorofluorocarbon industry is being driven by its use in the refrigerant industry. The automobile industry is among the key factors that is pushing the refrigerant industry. The chlorofluorocarbon is mainly employed in the refrigerant industry as it is used in the manufacturing of refrigeration and air conditioning products. Other applications propelling the market growth include use in solvents, blowing agents, plastics, foam, and electronics, among others. The market for chlorofluorocarbons is predicted to thrive, particularly in developing countries of the Asia Pacific, Latin America, and the Middle East, on account of the lack of laws and regulations against its use. The key players within the industry are The Chemours Company (NYSE: CC) and Honeywell International Inc (NYSE: HON), among others.
However, on account of the harmful effects of chlorofluorocarbon to the environment associated with the exhaustion of the upper layer of the ozone, the compound is being substituted by hydrofluorocarbons, which is being recognised to a huge extent globally as a safe alternative in comparison to chlorofluorocarbons. But even hydrofluorocarbons have an adverse effect on the environment, though on a smaller scale. Therefore, the demand for green refrigerants in the market is also rising to substitute the use of chlorofluorocarbons and hydrofluorocarbons in the upcoming years.
Market Analysis by Type, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The Chemours Company, Honeywell International Inc, and Gujarat Fluorochemicals Limited, among others, are the key players in the global chlorofluorocarbon market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.