Chlorofluorocarbon Market Report, Size, Share, Growth, Analysis, Price, Trends, Key Players and Forecast Period 2021-2026

The new report from Expert Market Research titled ‘Global Chlorofluorocarbon Market Size Report and Forecast 2021-2026’ offers an in-depth analysis of the global Chlorofluorocarbon market, evaluating 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 market dynamics, covering key demand and price indicators, along with market analysis based on the SWOT and Porter’s Five Forces models.

Get Free Sample Report With Table Of Contents: https://www.expertmarketresearch.com/reports/chlorofluorocarbon-market/requestsample

Highlights of the report include:

Market Overview (2021-2026)

  • Historical market size (2020): USD 22.79 billion
  • CAGR Forecast (2021-2026): 5%
  • Market Size Forecast (2026): $29.79 billion

The global market for chlorofluorocarbons is being driven mainly by the refrigerant market. The increasing demand for refrigerators and air conditioners for commercial, industrial and domestic 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 electronics sector have also fueled the growth of the market, especially in developing countries.

Definition of the industry and main segments

Chlorofluorocarbon (CFC) is a derivative of ethane, which includes carbon, chlorine, and fluorine. It is an inert, non-flammable and non-toxic organic compound with stable thermodynamic properties, resulting in its use as a refrigerant in the refrigerant industry.

Explore Full Report With Table of Contents: https://www.expertmarketresearch.com/reports/chlorofluorocarbon-market

The type of product can be divided as follows:

  • CFC-11
  • CFC-12
  • CFC-113
  • CFC-114
  • CFC-115
  • Others

Depending on the application, the industry can be segmented into:

  • Solvent
  • aerosol propellants
  • expansion agent
  • refrigerants
  • Others

Regional chlorofluorocarbon markets include:

  • North America
  • Europe
  • Pacific Asia
  • Latin America
  • Middle East and Africa

market trends

Regionally, Asia Pacific, Latin America and the Middle East are expected to show rapid growth due to dynamic economic growth and industrialization. India and China are big manufacturers of CFCs due to high demand and less stringent laws and regulations. The demand is also expected to grow exponentially in the countries. However, developed regions such as North America and Europe are expected to see moderate growth in the forecast period. This is due to the 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 market shares, capacities, plant changes, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Read more reports:

Corrugated Boxes Market: https://www.expertmarketresearch.com/reports/corrugated-boxes-market

Laminate Flooring Market: https://www.expertmarketresearch.com/reports/laminate-flooring-market

Xenon Gas Market: https://www.expertmarketresearch.com/reports/xenon-gas-market

Indian Bakery Market: https://www.expertmarketresearch.com/reports/indian-bakery-market

Electric Vehicle Manufacturers: https://www.expertmarketresearch.com/articles/top-electric-vehicles-companies-manufacturers

About us:

Expert Market Research (EMR) is a leading market research company with clients around the world. Through comprehensive data collection and skillful data analysis and interpretation, the company provides its clients with broad, latest and actionable market intelligence that enables them to make informed and intelligent decisions and strengthen their market position. Clientele ranges from Fortune 1000 companies to small and medium-sized businesses.

EMR customizes the syndicated reports according to the requirements and expectations of the clients. The company is active in more than 15 leading industry domains, including food and beverage, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

On 3,000 EMR consultants and more than 100 analysts work hard to ensure clients get only the most up-to-date, relevant, accurate, and actionable industry intelligence so they can formulate informed, effective, and intelligent business strategies and secure market leadership.

Media contact

Company name: Claight Corporation
Contact Person: -Ian Bell, Business Consultant
Email: [email protected]
Toll Free: US +1-415-325-516s6 | United Kingdom +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA.
Website: https://www.expertmarketresearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *