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Global Chlorofluorocarbon Market Expected to Grow at a Healthy Pace During 2021-2026, Driven by its Use in the Refrigerant Industry

Chlorofluorocarbon Market

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 (2018-2028); 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 25.37 billion in 2022. The global refrigerants market is expected to grow at a CAGR of 4.40% in the forecast period of 2023-2028 to reach a value of USD 33.16 billion by 2028.

 

Global Chlorofluorocarbon Market

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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: Market 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.

 

Global Chlorofluorocarbon Market By Application

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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.

 

Global Chlorofluorocarbon Market By Region

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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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type CFC-11, CFC-12, CFC-113, CFC-114, CFC-115, Others
Breakup by Application Solvent, Aerosol Propellants, Blowing Agent, Refrigerants, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered The Chemours Company, Honeywell International Inc, Gujarat Fluorochemicals Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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    Opportunities and Challenges in the Market
8    Global Chlorofluorocarbon Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Chlorofluorocarbon Historical Market (2018-2022) 
    8.3    Global Chlorofluorocarbon Market Forecast (2023-2028)
    8.4    Global Chlorofluorocarbon Market by Type
        8.4.1    CFC-11
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    CFC-12
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    CFC-113
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    CFC-114
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    CFC-115
            8.4.5.1    Historical Trend (2018-2022)
            8.4.5.2    Forecast Trend (2023-2028)
        8.4.6    Others
    8.5    Global Chlorofluorocarbon Market by Application
        8.5.1    Solvent
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Aerosol Propellants
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Blowing Agent
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Refrigerants
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Chlorofluorocarbon Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028)
9    North America Chlorofluorocarbon Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Chlorofluorocarbon Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Chlorofluorocarbon Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Chlorofluorocarbon Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Chlorofluorocarbon  Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Manufacturing Process
    16.1    Overview
    16.2    Detailed Process Flow
    16.3    Operation Involved
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    The Chemours Company
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Honeywell International Inc
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Gujarat Fluorochemicals Limited
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Others
18    Key Trends and Developments in the Market

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 Key Figures and Tables

1.    Global Chlorofluorocarbon Market: Key Industry Highlights, 2018 and 2028
2.    Global Chlorofluorocarbon Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Chlorofluorocarbon Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Chlorofluorocarbon Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Chlorofluorocarbon Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Chlorofluorocarbon Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Chlorofluorocarbon Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Chlorofluorocarbon Market Structure

Key Questions Answered in the Report

What was the global chlorofluorocarbon market size in 2022?

The market size attained a value of approximately USD 25.37 billion in 2022.

What is the growth rate of the global chlorofluorocarbon market?

The market is projected to grow at a CAGR of 5.5% between 2023 and 2028.

What is the forecast outlook of the global chlorofluorocarbon market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 33.16 billion by 2028.

What are the major market drivers?

The major drivers of the market are rising disposable incomes, increasing population, and lack of laws and regulations against its use.

What are the key trends of the market?

The key trends guiding the growth of the market include the extensive applications of chlorofluorocarbons and rapidly growing manufacturing bases.

What are the major regional markets of chlorofluorocarbon, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading types of chlorofluorocarbon in the market?

The leading types of chlorofluorocarbon in the market are CFC-11, CFC-12, CFC-113, CFC-114, and CFC-115, among others.

What are the major applications in the market?

The major applications in the market are solvent, aerosol propellants, blowing agent, and refrigerants, among others.

Who are the key market players, according to the report?

The major players in the global chlorofluorocarbon market 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 25.37 billion in 2022. Aided by the growing manufacturing bases, the refrigerants market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.40%. The refrigerants market is projected to reach USD 33.16 billion by 2028.

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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