The global HFO refrigerant market is anticipated to grow at a considerable CAGR during the forecast period (2021-2027). HFO refrigerant or Hydrofluoroolefins refrigerant is a new type of refrigerant that causes less global warming and is a replacement for HFC (hydrofluorocarbons). HFC is mostly found in domestic fridges and has a global warming potential of 1,000 times that of carbon dioxide.
HFC’s and CFCs (chlorofluorocarbons) are the fastest-growing greenhouse gases and increasing every year that is very harmful to the environment. Rising environmental concern is driving the growth of the HFO refrigerant market across the globe. It is a widely used refrigerant across the globe.
Browse the full report description of "Global HFO Refrigerant Market by Refrigerant Type (R-1234YF, R-1234ZE, R-1234ZD), by Application (Refrigeration, Air-Conditioning), by End-User (Commercial, Domestic, Transportation, and Industrial) - Global Industry Share, Growth, Competitive Analysis and Forecast Period 2020-2027" at https://www.omrglobal.com/industry-reports/hfo-refrigerant-market
However, some factors are restraining the growth of the market that includes the high cost involved in HFO. However, new advancements in refrigeration as in creating of blends, and the phase-out policy of HFC will eventually increase the consumption of HFO in the future and hence will drive the HFO industry growth during the forecast period.
Market Coverage
o By Refrigerant Type
o By Application
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global HFO Refrigerant Market Report Segment
By Refrigerant Type
By Application
By End-User
Global HFO Refrigerant Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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