Global HFO-1234yf Supply, Demand and Key Producers, 2026-2032
Description
The global HFO-1234yf market size is expected to reach $ 3663 million by 2032, rising at a market growth of 10.5% CAGR during the forecast period (2026-2032).
In recent years, with the intensification of global climate warming and the advancement of environmental regulations, the fourth-generation refrigerant HFO-1234yf has gradually emerged. As a substitute for R134a, HFO-1234yf can not only be used in automobile air conditioners, but also widely used in refrigerator refrigeration, heat transfer media, foaming agents and other fields, demonstrating its broad application prospects.
HFO-1234yf, a refrigerant known for its low GWP (global warming potential) properties, is suitable for large stationary and commercial refrigeration equipment, such as automotive air conditioners and refrigerators. It belongs to the hydrofluoroolefin (HFO) class of refrigerants, providing a new choice for environmentally friendly refrigeration.
R134a is the most widely used automotive air-conditioning refrigerant. However, as environmental protection regulations become increasingly strict, starting from 2017, new models in Europe and the United States have gradually used HFO-1234yf refrigerant to replace R134a. Compared with HFC-134a, HFO-1234yf, as a single working fluid refrigerant, has excellent environmental parameters, with a GWP of only 4, an ODP of 0, and the climate performance during its life cycle is also lower than that of HFC-134a.
Global key manufacturers of HFO-1234yf include Honeywell, Chemours and others. The top two producers together account for more than 99% of the market share, with the largest producer being Honeywell with 57%. The global origins are mainly located in North America and China, and North America is the largest production region, with a share of 66%. In terms of product categories, automotive air conditioning has the largest market share, with a share of about 98%, while domestic refrigeration accounts for only 2%. In terms of applications, personal use is the top application area with a market share of 94%.
This report studies the global HFO-1234yf production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for HFO-1234yf and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of HFO-1234yf that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global HFO-1234yf total production and demand, 2021-2032, (MT)
Global HFO-1234yf total production value, 2021-2032, (USD Million)
Global HFO-1234yf production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MT), (based on production site)
Global HFO-1234yf consumption by region & country, CAGR, 2021-2032 & (MT)
U.S. VS China: HFO-1234yf domestic production, consumption, key domestic manufacturers and share
Global HFO-1234yf production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MT)
Global HFO-1234yf production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MT)
Global HFO-1234yf production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MT)
This report profiles key players in the global HFO-1234yf market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Honeywell, Chemours, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World HFO-1234yf market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (USD/Kg) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global HFO-1234yf Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global HFO-1234yf Market, Segmentation by Type:
Automotive Air Conditioning
Domestic Refrigeration
Global HFO-1234yf Market, Segmentation by Application:
Personal Use
Commercial
Others
Companies Profiled:
Honeywell
Chemours
Key Questions Answered:
1. How big is the global HFO-1234yf market?
2. What is the demand of the global HFO-1234yf market?
3. What is the year over year growth of the global HFO-1234yf market?
4. What is the production and production value of the global HFO-1234yf market?
5. Who are the key producers in the global HFO-1234yf market?
6. What are the growth factors driving the market demand?
In recent years, with the intensification of global climate warming and the advancement of environmental regulations, the fourth-generation refrigerant HFO-1234yf has gradually emerged. As a substitute for R134a, HFO-1234yf can not only be used in automobile air conditioners, but also widely used in refrigerator refrigeration, heat transfer media, foaming agents and other fields, demonstrating its broad application prospects.
HFO-1234yf, a refrigerant known for its low GWP (global warming potential) properties, is suitable for large stationary and commercial refrigeration equipment, such as automotive air conditioners and refrigerators. It belongs to the hydrofluoroolefin (HFO) class of refrigerants, providing a new choice for environmentally friendly refrigeration.
R134a is the most widely used automotive air-conditioning refrigerant. However, as environmental protection regulations become increasingly strict, starting from 2017, new models in Europe and the United States have gradually used HFO-1234yf refrigerant to replace R134a. Compared with HFC-134a, HFO-1234yf, as a single working fluid refrigerant, has excellent environmental parameters, with a GWP of only 4, an ODP of 0, and the climate performance during its life cycle is also lower than that of HFC-134a.
Global key manufacturers of HFO-1234yf include Honeywell, Chemours and others. The top two producers together account for more than 99% of the market share, with the largest producer being Honeywell with 57%. The global origins are mainly located in North America and China, and North America is the largest production region, with a share of 66%. In terms of product categories, automotive air conditioning has the largest market share, with a share of about 98%, while domestic refrigeration accounts for only 2%. In terms of applications, personal use is the top application area with a market share of 94%.
This report studies the global HFO-1234yf production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for HFO-1234yf and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of HFO-1234yf that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global HFO-1234yf total production and demand, 2021-2032, (MT)
Global HFO-1234yf total production value, 2021-2032, (USD Million)
Global HFO-1234yf production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MT), (based on production site)
Global HFO-1234yf consumption by region & country, CAGR, 2021-2032 & (MT)
U.S. VS China: HFO-1234yf domestic production, consumption, key domestic manufacturers and share
Global HFO-1234yf production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MT)
Global HFO-1234yf production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MT)
Global HFO-1234yf production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MT)
This report profiles key players in the global HFO-1234yf market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Honeywell, Chemours, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World HFO-1234yf market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MT) and average price (USD/Kg) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global HFO-1234yf Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global HFO-1234yf Market, Segmentation by Type:
Automotive Air Conditioning
Domestic Refrigeration
Global HFO-1234yf Market, Segmentation by Application:
Personal Use
Commercial
Others
Companies Profiled:
Honeywell
Chemours
Key Questions Answered:
1. How big is the global HFO-1234yf market?
2. What is the demand of the global HFO-1234yf market?
3. What is the year over year growth of the global HFO-1234yf market?
4. What is the production and production value of the global HFO-1234yf market?
5. Who are the key producers in the global HFO-1234yf market?
6. What are the growth factors driving the market demand?
Table of Contents
93 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
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