The new report by Expert Market Research titled, ‘Global Chlorofluorocarbon Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global chlorofluorocarbon market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/chlorofluorocarbon-market/requestsample
The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size (2020): USD 22.79 billion
- Forecast CAGR (2021-2026): 5%
- Forecast Market Size (2026): USD 29.79 billion
The global chlorofluorocarbon market is primarily being driven by the refrigerant market. The rising demand for refrigerators and air conditioning for commercial, industrial, and household applications is the main factor for the growth of the market. Other applications such as foam blowing agent, solvent, in plastic manufacturing, and the growing electronic sector have also pushed the market growth, especially in developing countries.
Industry Definition and Major Segments
Chlorofluorocarbon (CFC) is a derivative of ethane, which includes carbon, chlorine, fluorine. It is an inert, non-flammable, and non-toxic organic compound with stable thermodynamic properties, which results in its usage as a coolant in the refrigerant industry.
Explore full report with table of contents: https://www.expertmarketresearch.com/reports/chlorofluorocarbon-market
The type of the product can be divided as follows:
- 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 chlorofluorocarbon include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Regionally, the Asia Pacific, Latin America, and the Middle East are expected to show rapid growth due to dynamic economic growth and industrialisation. India and China are large CFC manufacturers owing to the high demand and lesser stringent laws and regulation. The demand is also expected to grow exponentially in the countries. However, developed regions such as North America and Europe are expected to witness mild growth in the forecast period. This is due to restrictive environmental policies to reduce the use of greenhouse gases implemented by the respective governments.
Key Market Players
The major players in the market are The Chemours Company, Honeywell International Inc, Gujarat Fluorochemicals Limited, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
India Sodium Monochloro Acetate (SMCA) Market: https://www.expertmarketresearch.com/reports/india-sodium-monochloro-acetate-smca-market
Sodium Monochloro Acetate Market: https://www.expertmarketresearch.com/reports/sodium-monochloro-acetate-market
Styrene Market: https://www.expertmarketresearch.com/reports/styrene-market
India Extra Neutral Alcohol (ENA) Market: https://www.expertmarketresearch.com/reports/india-extra-neutral-alcohol-ena-market
Chromium Market: https://www.expertmarketresearch.com/reports/chromium-market
Glutathione Market: https://www.expertmarketresearch.com/reports/glutathione-market
Benzyl Chloride Market: https://www.expertmarketresearch.com/reports/benzyl-chloride-market
Butylated Hydroxytoluene (BHT) Market: https://www.expertmarketresearch.com/reports/butylated-hydroxytoluene-bht-market
Epichlorohydrin Market: https://www.expertmarketresearch.com/reports/epichlorohydrin-market
Indian Optical Brightening Agents Market: https://www.expertmarketresearch.com/reports/indian-optical-brightening-agents-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-516s6 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
0 Comments:
Post a Comment