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Global Chlorofluorocarbon Market: By Type: CFC-11, CFC-12, CFC-113, CFC-114, CFC-115, Others; By Application: Solvent, Aerosol Propellants, Blowing Agent, Refrigerants, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Chlorofluorocarbon Market Outlook
The global chlorofluorocarbon market is being aided by the growth of the refrigerants market, which attained a value of USD 22.79 billion in 2020. The global refrigerants market is expected to grow at a CAGR of 5.5% in the forecast period of 2021-2026 to reach a value of USD 29.79 billion by 2026.
Rapidly Growing Manufacturing Bases to Aid the Market Growth of Chlorofluorocarbon
The chlorofluorocarbon industry is being driven by the growing demand from across the globe. Within India, Latin American, and the Middle Eastern countries, the demand for chlorofluorocarbon is high, due to which the market is on the rise in these economies. This can be attributed to the rising economy, rapidly growing manufacturing bases, and the lack of laws and regulations against its use. India and China are huge manufacturers of chlorofluorocarbon, and the high demand for the compound is expected to continue over the forecast period. Whereas in North America and Europe, the market is expected to have mild growth over the forecast period. This can be accounted for by the stringent and restrictive policies introduced by the respective governments as a result of the harmful effects of the chlorofluorocarbon on the environment, particularly to the upper layer of the ozone. The greenhouse effects that chlorofluorocarbon causes are also harmful for the environment due to which its use is inhibited.
Chlorofluorocarbon: Industry Definition and Segmentation
A chlorofluorocarbon is an organic compound that primarily includes three elements namely, chlorine, carbon, and fluorine that are produced as a derivative of ethane. The most popular representative of this organic compound is dichlorofluoromethane. Chlorofluorocarbon is non-flammable, non-toxic, and does not react with other compounds.
On the basis of type, the market is divided into:
- CFC-11
- CFC-12
- CFC-113
- CFC-114
- CFC-115
- Others
Based on application, the industry can be segmented into:
- Solvent
- Aerosol Propellants
- Blowing Agent
- Refrigerants
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Extensive Applications of Chlorofluorocarbon to Aid the Market Growth
The market growth of chlorofluorocarbon is being driven by the rising applications of the product in commercial, industrial, and household applications. The market is further aided by the wide range of properties of the product like non-toxic, non-flammable and non-reactive nature, along with thermodynamic properties, which make it ideal for applications in coolants for commercial and home refrigeration set up, electronic cleaning solvents, aerosol propellants, and blowing agents. However, the market may slow down due to environmental awareness regarding the product, since it is harmful to the environment.
Key Industry Players in the Global Chlorofluorocarbon Market
The report gives a detailed analysis of the following key players in the global chlorofluorocarbon market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- The Chemours Company
- Honeywell International Inc
- Gujarat Fluorochemicals Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Chlorofluorocarbon Market Analysis
8.1 Key Industry Highlights
8.2 Global Chlorofluorocarbon Historical Market (2016-2020)
8.3 Global Chlorofluorocarbon Market Forecast (2021-2026)
8.4 Global Chlorofluorocarbon Market by Type
8.4.1 CFC-11
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 CFC-12
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 CFC-113
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 CFC-114
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 CFC-115
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2016-2020)
8.4.5.3 Forecast Trend (2021-2026)
8.4.6 Others
8.5 Global Chlorofluorocarbon Market by Application
8.5.1 Solvent
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Aerosol Propellants
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Blowing Agent
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Refrigerants
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Chlorofluorocarbon Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.1 Overview
12.2 Detailed Process Flow
12.3 Operation Involved
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 The Chemours Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Honeywell International Inc
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Gujarat Fluorochemicals Limited
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Others
14 Industry Events and Developments
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Materials
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Figures and Tables
1. Global Chlorofluorocarbon Market: Key Industry Highlights, 2016 and 2026
2. Global Chlorofluorocarbon Historical Market: Breakup by Product (USD Million), 2016-2020
3. Global Chlorofluorocarbon Market Forecast: Breakup by Product (USD Million), 2021-2026
4. Global Chlorofluorocarbon Historical Market: Breakup by Application (USD Million), 2016-2020
5. Global Chlorofluorocarbon Market Forecast: Breakup by Application (USD Million), 2021-2026
6. Global Chlorofluorocarbon Historical Market: Breakup by Region (USD Million), 2016-2020
7. Global Chlorofluorocarbon Market Forecast: Breakup by Region (USD Million), 2021-2026
8. North America Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2016-2020
9. North America Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2021-2026
10. Europe Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2016-2020
11. Europe Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Asia Pacific Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2016-2020
13. Asia Pacific Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Latin America Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2016-2020
15. Latin America Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Middle East and Africa Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2016-2020
17. Middle East and Africa Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Global Chlorofluorocarbon Market Structure
Key Questions Answered in the Report
The global chlorofluorocarbon market is being aided by the rising refrigerants market, which attained a value of nearly USD 22.79 billion in 2020.
The refrigerants market is projected to grow at a CAGR of 5.5% between 2021 and 2026, further aiding the growth of the chlorofluorocarbon industry.
The refrigerants market is estimated to reach about USD 29.79 billion by 2026 and is expected to support the growth of the refrigerants industry.
The major drivers of the industry, such as rising disposable incomes, increasing population, rapidly growing manufacturing bases, and lack of laws and regulations against its use, are expected to aid the market growth.
The key trend guiding the growth of the market includes the extensive applications of the product.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of chlorofluorocarbon in the market are CFC-11, CFC-12, CFC-113, CFC-114, and CFC-115, among others.
The major application segments in the industry are solvent, aerosol propellants, blowing agent, and refrigerants, among others.
The major players in the industry are The Chemours Company, Honeywell International Inc, and Gujarat Fluorochemicals Limited, among others.
Analyst Review
The global chlorofluorocarbon market is being aided by the rising refrigerants market, which attained a value of USD 22.79 billion in 2020. Aided by the growing manufacturing bases, the refrigerants market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.5%. The refrigerants market is projected to reach USD 29.79 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is segmented into CFC-11, CFC-12, CFC-113, CFC-114, and CFC-115, among others. By application, the industry is divided into solvent, aerosol propellants, blowing agent, and refrigerants, among others. The major regional markets for chlorofluorocarbon are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Chemours Company, Honeywell International Inc, and Gujarat Fluorochemicals Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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