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Global Chlorofluorocarbon Market Analysis, Trends, Growth: By Type: CFC-11, CFC-12, CFC-113, CFC-114, CFC-115, Others; By Application: Solvent, Aerosol Propellants, Blowing Agent, Refrigerants, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; 2024-2032
Global Chlorofluorocarbon Market Outlook
The global chlorofluorocarbon market is being aided by the growth of the refrigerants market, which attained a value of USD 26.49 billion in 2023. The global refrigerants market is expected to grow at a CAGR of 4.40% in the forecast period of 2024-2032 to reach a value of USD 39.39 billion by 2032.
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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.
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 (2018-2023)
8.3 Global Chlorofluorocarbon Market Forecast (2024-2032)
8.4 Global Chlorofluorocarbon Market by Type
8.4.1 CFC-11
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 CFC-12
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 CFC-113
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 CFC-114
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 CFC-115
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Chlorofluorocarbon Market by Application
8.5.1 Solvent
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aerosol Propellants
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Blowing Agent
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Refrigerants
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Chlorofluorocarbon Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Chlorofluorocarbon Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Chlorofluorocarbon Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Chlorofluorocarbon Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Chlorofluorocarbon Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Chlorofluorocarbon Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Chlorofluorocarbon Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Chlorofluorocarbon Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Chlorofluorocarbon Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Chlorofluorocarbon Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Chlorofluorocarbon Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Chlorofluorocarbon Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Chlorofluorocarbon Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Chlorofluorocarbon Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Chlorofluorocarbon Market Structure
Key Questions Answered in the Report
The market size attained a value of approximately USD 26.49 billion in 2023.
The market is projected to grow at a CAGR of 4.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 39.39 billion by 2032.
The major drivers of the market are rising disposable incomes, increasing population, and lack of laws and regulations against its use.
The key trends guiding the growth of the market include the extensive applications of chlorofluorocarbons and rapidly growing manufacturing bases.
The major regions in the market 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 applications in the market are solvent, aerosol propellants, blowing agent, and refrigerants, among others.
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 26.49 billion in 2023. Aided by the growing manufacturing bases, the refrigerants market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.40%. The refrigerants market is projected to reach USD 39.39 billion by 2032.
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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