HFO-1234yf Refrigerant Market Intelligence

HFO-1234yf Refrigerant Market Description

Prices of HFO-1234yf Refrigerant are 6-8 times more than that of the current refrigerants in use and are determined by Chemours and Honeywell which hold the patents. Around 18 million cars are currently equipped with HFO-1234yf and the number is expected to reach 50 million cars by 2025. Regulations and incentives in regions of the EU, the U.S., Japan, and Canada are driving the auto sector to shift to HFO-1234yf. The rate of capacity expansion of HFO-1234yf Refrigerant has been slow, hence the supply is tight at present. The market is oligopolistic with only two players.

The report provides a comprehensive overview of the HFO-1234yf Refrigerant market at a global and regional level, analyzing the market outlook. The report examines the refrigerant development trend, identifying key refrigerants and their respective global warming potential. The report presents a detailed analysis of the top HFO-1234yf Refrigerant manufacturers, elaborating on their location, ownership status, and capacity production. The HFO-1234yf Refrigerant production process is evaluated in the report, along with the costs associated in the production process. The report also includes an analysis of the HFO-1234yf Refrigerant pricing trends and market acceptance in North America, Europe, and Asia.

Report Coverage

HFO 1234yf – Market Overview
HFO 1234yf Plants Active at Present
Production Process

HFO-1234yf Refrigerant Market Trend, Analysis & Forecast

Category Intelligence on HFO-1234yf Refrigerant covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

Refrigerant Development Trend
HFO 1234yf – Market Overview
HFO 1234yf – Manufacturers
HFO 1234yf – Production Process and Costs Associated
HFO 1234yf – Pricing and Market Acceptance

Global Market Outlook on HFO-1234yf Refrigerant

The HFO 1234yf market is oligopolistic with only two players, Chemours and Honeywell. R-1234yf or HFO 1234yf is a refrigerant with low Global Warming potential (GWP), developed jointly by Chemours (DuPont) and Honeywell

R-1234yf is a patented technology, and the patents are held by Chemours and Honeywell. HFO 1234yf patents held by Chemours and Honeywell expires only in 2023

Current Market for HFO 1234yf

About 18 million cars are currently equipped with HFO 1234yf and is expected to reach 50 million cars by 2025
Regulations and incentives in countries like EU, US, Japan, and Canada is driving auto sector to shift to HFO-1234yf, which has GWP<1
Production of HFO 1234yf is possible only if Chemours (or) Honeywell licenses a contract to a manufacturer. However, the rate of capacity expansion or licensing has been slow; and hence, the supply is tight at present
MAC Directive by European Union has set the standard that all cars sold after 2017 should have refrigerants with GWP less than 150. Automakers in the US are also adopting R1234yf to help comply with Corporate Average Fuel Economy (CAFE) and vehicle greenhouse gas standards
Prices of HFO 1234yf is 6-8 times more than that of the current refrigerants in use. Prices are determined by Chemours and Honeywell

HFO 1234yf – Manufacturers

There are only two product owners in the market: Chemours and Honeywell. Few other companies have received the license from the product owners to manufacture HFO 1234yf
Arkema has filed a complaint with the European Commission that Honeywell is denying license to produce HFO 1234yf. Arkema has stated that Honeywell is creating an unfair market dominance with the patents. If Arkema is given the license, then it would build two plants in Changshu City, China, and Europe

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